Gilford Park Yacht Club
Gilford Park Yacht Club consistently operates with volunteer leadership and manages substantial assets, though recent years show expenses exceeding revenue.
EIN: 210732584 · Toms River, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $764K |
| Total Expenses | $520K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $581K |
| Transparency Score | 75/100 |
Is Gilford Park Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gilford Park Yacht Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gilford Park Yacht Club
Gilford Park Yacht Club (EIN: 210732584) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $764K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilford Park Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilford Park Yacht Club is a small nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $483K |
| Total Expenses | $520K |
| Surplus / Deficit | $-37,447 |
| Total Assets | $1.5M |
| Total Liabilities | $898K |
| Net Assets | $581K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 60.7% |
| Months of Reserves | 34.1 months |
Financial Health Grade: C
In 2023, Gilford Park Yacht Club reported a deficit of $37K with expenses exceeding revenue, holds 34.1 months of operating reserves (strong position), has a debt-to-asset ratio of 60.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gilford Park Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | -1.2% | -2.3% |
| 2022 | +21.8% | +49.4% | -5.9% |
| 2021 | +42.7% | +48.7% | -1.4% |
| 2020 | -43.9% | -46.6% | -1.1% |
| 2019 | +21.5% | +3.5% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Gilford Park Yacht Club with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gilford Park Yacht Club allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteer officers, which is highly efficient for an organization of its size with assets around $1.5 million.
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 Gilford Park Yacht Club's IRS 990 filings:
- Consistent expense over revenue in recent years (e.g., 2023 and 2022), potentially indicating reliance on reserves or other funding to cover operational costs.
Strengths
The following positive indicators were identified for Gilford Park Yacht Club:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Maintains substantial assets (e.g., $1,479,579 in 2023), providing financial stability.
- Long filing history (13 filings) suggests consistent operation and compliance.
Frequently Asked Questions about Gilford Park Yacht Club
Is Gilford Park Yacht Club a legitimate charity?
Gilford Park Yacht Club (EIN: 210732584) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $764K. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Gilford Park Yacht Club spend its money?
Gilford Park Yacht Club directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gilford Park Yacht Club tax-deductible?
Gilford Park Yacht Club is registered as a tax-exempt nonprofit (EIN: 210732584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gilford Park Yacht Club CEO make?
Gilford Park Yacht Club's highest-compensated officer earns $1.5 annually. The organization reported $764K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gilford Park Yacht Club's spending goes to programs?
Gilford Park Yacht Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Gilford Park Yacht Club located?
Gilford Park Yacht Club is headquartered in Toms River, New Jersey and files with the IRS under EIN 210732584.
How many years of IRS 990 filings does Gilford Park Yacht Club have?
Gilford Park Yacht Club has 13 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 $764K in total revenue.
Is Gilford Park Yacht Club a good charity?
Based on the available IRS 990 data, Gilford Park Yacht Club functions more as a member-serving recreational organization than a traditional public charity. Its 'goodness' should be assessed in terms of its service to members and financial stewardship, rather than its impact on the broader public. The volunteer leadership is a strong positive.
Why do expenses sometimes exceed revenue?
In several recent periods, such as 2023 and 2022, expenses ($519,978 and $526,198 respectively) exceeded revenue ($482,531 and $455,996 respectively). This could be due to planned capital expenditures, significant maintenance costs for facilities, or a reliance on drawing from accumulated reserves to cover operational gaps in specific years.
What is the purpose of the organization?
While the NTEE code is unknown, the name 'Gilford Park Yacht Club' strongly suggests its purpose is to provide recreational and social facilities and activities for its members, centered around yachting and related interests.
Filing History
IRS 990 filing history for Gilford Park Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gilford Park Yacht Club's revenue has grown by 102.2%, moving from $239K to $483K. Total assets increased by 182.5% over the same period, from $524K to $1.5M. Total functional expenses rose by 100.2%, from $260K to $520K. In its most recent filing year (2023), Gilford Park Yacht Club reported a deficit of $37K, with expenses exceeding revenue. The organization holds $898K in liabilities against $1.5M in assets (debt-to-asset ratio: 60.7%), resulting in net assets of $581K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $483K | $520K | $1.5M | $898K | — | — |
| 2022 | $456K | $526K | $1.5M | $896K | — | — |
| 2021 | $375K | $352K | $1.6M | $921K | — | View 990 |
| 2020 | $262K | $237K | $1.6M | $967K | — | — |
| 2019 | $468K | $444K | $1.7M | $1.0M | — | View 990 |
| 2018 | $385K | $428K | $1.7M | $1.1M | — | View 990 |
| 2017 | $398K | $405K | $1.7M | $1.1M | — | View 990 |
| 2016 | $231K | $206K | $1.8M | $1.1M | — | View 990 |
| 2015 | $151K | $70K | $1.4M | $800K | — | View 990 |
| 2014 | $116K | $61K | $637K | $76K | — | View 990 |
| 2013 | $126K | $72K | $793K | $287K | — | View 990 |
| 2012 | $220K | $215K | $512K | $59K | — | View 990 |
| 2011 | $239K | $260K | $524K | $77K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $483K, expenses of $520K, and assets of $1.5M (revenue +5.8% year-over-year).
- 2022: Revenue of $456K, expenses of $526K, and assets of $1.5M (revenue +21.8% year-over-year).
- 2021: Revenue of $375K, expenses of $352K, and assets of $1.6M (revenue +42.7% year-over-year).
- 2020: Revenue of $262K, expenses of $237K, and assets of $1.6M (revenue -43.9% year-over-year).
- 2019: Revenue of $468K, expenses of $444K, and assets of $1.7M (revenue +21.5% year-over-year).
- 2018: Revenue of $385K, expenses of $428K, and assets of $1.7M (revenue -3.3% year-over-year).
- 2017: Revenue of $398K, expenses of $405K, and assets of $1.7M (revenue +72.7% year-over-year).
- 2016: Revenue of $231K, expenses of $206K, and assets of $1.8M (revenue +52.9% year-over-year).
- 2015: Revenue of $151K, expenses of $70K, and assets of $1.4M (revenue +30.5% year-over-year).
- 2014: Revenue of $116K, expenses of $61K, and assets of $637K (revenue -8.3% year-over-year).
- 2013: Revenue of $126K, expenses of $72K, and assets of $793K (revenue -42.8% year-over-year).
- 2012: Revenue of $220K, expenses of $215K, and assets of $512K (revenue -7.6% year-over-year).
- 2011: Revenue of $239K, expenses of $260K, and assets of $524K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilford Park Yacht Club:
Data Sources and Methodology
This transparency report for Gilford Park Yacht Club 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.