Devon Yacht Club Inc
Devon Yacht Club Inc. consistently generates revenue exceeding expenses, growing assets, with no reported officer compensation.
EIN: 110678790 · Amagansett, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $3.9M |
| Program Spending | 70% |
| Net Assets | $11.4M |
| Transparency Score | 65/100 |
Is Devon Yacht Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Devon Yacht Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Devon Yacht Club Inc
Devon Yacht Club Inc (EIN: 110678790) is a nonprofit organization based in Amagansett, NY. The organization reported total revenue of $5.7M and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Devon Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Devon Yacht Club Inc is a mid-size nonprofit that has been operating for 100 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$550K |
| Total Assets | $11.7M |
| Total Liabilities | $268K |
| Net Assets | $11.4M |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 35.8 months |
Financial Health Grade: A
In 2023, Devon Yacht Club Inc reported a surplus of $550K with revenue exceeding expenses, holds 35.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Devon Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +18.3% | +6.5% |
| 2022 | +3754.1% | +464.9% | +13.3% |
| 2021 | -97.1% | -81.9% | -7.2% |
| 2021 | +7.2% | +6.7% | +10.5% |
| 2020 | +2.0% | -5.6% | +10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1926 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Devon Yacht Club Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Devon Yacht Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $550K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be volunteer-based or compensated through non-officer roles, which could contribute to lower administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Devon Yacht Club Inc's IRS 990 filings:
- Significant unexplained revenue and expense anomaly in 202112 filing.
- NTEE code is unknown, limiting understanding of its charitable purpose.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Devon Yacht Club Inc:
- Consistent revenue generation exceeding expenses in most periods.
- Steady growth in assets over the past decade, from $5,937,796 in 2015 to $11,714,347 in 2023.
- Low liabilities relative to assets, indicating financial stability.
- Consistent reporting of 0% officer compensation, potentially indicating efficient leadership costs.
Frequently Asked Questions about Devon Yacht Club Inc
Is Devon Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Devon Yacht Club Inc (EIN: 110678790) some concerns. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.
How does Devon Yacht Club Inc spend its money?
Devon Yacht Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Devon Yacht Club Inc tax-deductible?
Devon Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 110678790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Devon Yacht Club Inc's spending goes to programs?
Devon Yacht Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Devon Yacht Club Inc located?
Devon Yacht Club Inc is headquartered in Amagansett, New York and files with the IRS under EIN 110678790.
How many years of IRS 990 filings does Devon Yacht Club Inc have?
Devon Yacht Club Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.7M in total revenue.
What caused the significant revenue drop and expense increase in the 202112 filing period?
The 202112 filing shows revenue of $119,571 and expenses of $588,127, a stark contrast to other periods like 202109 with $4,176,221 revenue and $3,246,904 expenses. This anomaly requires reviewing the full 990 form for that specific period to understand the underlying reasons.
How does Devon Yacht Club Inc. manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive roles might be volunteer-based or compensated through mechanisms not categorized under 'Officer Comp' on the 990 summary. Further investigation into the full 990 forms would be needed to clarify this.
What is the NTEE code and primary mission of Devon Yacht Club Inc.?
The provided data lists the NTEE code as 'Unknown'. Understanding the organization's specific NTEE code and stated mission would provide crucial context for evaluating its financial activities against its stated purpose.
Filing History
IRS 990 filing history for Devon Yacht Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Devon Yacht Club Inc's revenue has grown by 67.7%, moving from $2.7M to $4.5M. Total assets increased by 163.4% over the same period, from $4.4M to $11.7M. Total functional expenses rose by 62.4%, from $2.4M to $3.9M. In its most recent filing year (2023), Devon Yacht Club Inc reported a surplus of $550K, with revenue exceeding expenses. The organization holds $268K in liabilities against $11.7M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $11.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $3.9M | $11.7M | $268K | — | — |
| 2022 | $4.6M | $3.3M | $11.0M | $100K | — | — |
| 2021 | $120K | $588K | $9.7M | $93K | — | View 990 |
| 2021 | $4.2M | $3.2M | $10.5M | $375K | — | View 990 |
| 2020 | $3.9M | $3.0M | $9.5M | $313K | — | — |
| 2019 | $3.8M | $3.2M | $8.6M | $306K | — | View 990 |
| 2018 | $3.6M | $3.2M | $7.8M | $73K | — | View 990 |
| 2017 | $3.7M | $2.9M | $7.4M | $65K | — | View 990 |
| 2016 | $3.7M | $3.1M | $6.6M | $100K | — | View 990 |
| 2015 | $3.5M | $2.8M | $5.9M | $92K | — | View 990 |
| 2014 | $3.0M | $2.7M | $5.1M | $66K | — | View 990 |
| 2013 | $2.8M | $2.6M | $4.9M | $77K | — | View 990 |
| 2012 | $2.8M | $2.6M | $4.7M | $73K | — | View 990 |
| 2011 | $2.7M | $2.4M | $4.4M | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $3.9M, and assets of $11.7M (revenue -2.8% year-over-year).
- 2022: Revenue of $4.6M, expenses of $3.3M, and assets of $11.0M (revenue +3754.1% year-over-year).
- 2021: Revenue of $120K, expenses of $588K, and assets of $9.7M (revenue -97.1% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.2M, and assets of $10.5M (revenue +7.2% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.0M, and assets of $9.5M (revenue +2.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.2M, and assets of $8.6M (revenue +6.7% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.2M, and assets of $7.8M (revenue -2.7% year-over-year).
- 2017: Revenue of $3.7M, expenses of $2.9M, and assets of $7.4M (revenue -1.6% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.1M, and assets of $6.6M (revenue +5.4% year-over-year).
- 2015: Revenue of $3.5M, expenses of $2.8M, and assets of $5.9M (revenue +19.4% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.7M, and assets of $5.1M (revenue +4.2% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.6M, and assets of $4.9M (revenue +2.1% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.6M, and assets of $4.7M (revenue +4.5% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.4M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Devon Yacht Club Inc:
Data Sources and Methodology
This transparency report for Devon Yacht Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.