Greater Ocean City Golf Associationinc
Greater Ocean City Golf Association Inc. shows stable revenue, zero officer compensation, and recent significant asset growth.
EIN: 205435422 · Ocean City, MD · NTEE: S41 · Updated: 2026-03-28
Is Greater Ocean City Golf Associationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Ocean City Golf Associationinc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Ocean City Golf Associationinc
Greater Ocean City Golf Associationinc (EIN: 205435422) is a nonprofit organization based in Ocean City, MD, classified under NTEE code S41. The organization reported total revenue of $462K and total assets of $580K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Ocean City Golf Associationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Ocean City Golf Associationinc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greater Ocean City Golf Associationinc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly favorable for donor trust and resource allocation.
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 Greater Ocean City Golf Associationinc's IRS 990 filings:
- Significant unexplained asset increase from 2021 to current period ($89,597 to $580,245) warrants further investigation.
Strengths
The following positive indicators were identified for Greater Ocean City Golf Associationinc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Stable revenue generation over a decade, demonstrating organizational resilience.
- Low and stable liabilities, suggesting sound financial management.
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about Greater Ocean City Golf Associationinc
Is Greater Ocean City Golf Associationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Ocean City Golf Associationinc (EIN: 205435422) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Greater Ocean City Golf Associationinc spend its money?
Greater Ocean City Golf Associationinc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Ocean City Golf Associationinc tax-deductible?
Greater Ocean City Golf Associationinc is registered as a tax-exempt nonprofit (EIN: 205435422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in assets from $89,597 in 2021 to the current $580,245?
The provided data does not specify the reason for this substantial asset growth. It could be due to investments, property acquisition, or significant cash reserves, and would require reviewing the full 990 forms for detailed balance sheet information.
How does the organization allocate its expenses between program services, administration, and fundraising?
The provided summary data does not break down expenses into these categories. A review of the organization's full IRS Form 990, Part IX (Statement of Functional Expenses), would be necessary to determine the exact percentages.
Given the NTEE code S41 (Sports, Recreational, & Leisure Activities), what specific programs does the Greater Ocean City Golf Association Inc. operate?
The provided financial data does not detail specific programs. This information would typically be found in Part III of the IRS Form 990, 'Statement of Program Service Accomplishments'.
Filing History
IRS 990 filing history for Greater Ocean City Golf Associationinc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Greater Ocean City Golf Associationinc's revenue has declined by 39.2%, moving from $791K to $481K. Total assets decreased by 49.6% over the same period, from $178K to $90K. Total functional expenses fell by 47.6%, from $774K to $405K. In its most recent filing year (2021), Greater Ocean City Golf Associationinc reported a surplus of $76K, with revenue exceeding expenses. The organization holds $4K in liabilities against $90K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $86K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $481K | $405K | $90K | $4K | — | View 990 |
| 2020 | $493K | $517K | $14K | $4K | — | View 990 |
| 2019 | $691K | $670K | $56K | $5K | — | View 990 |
| 2018 | $600K | $654K | $43K | $4K | — | View 990 |
| 2017 | $728K | $668K | $126K | $33K | — | View 990 |
| 2016 | $658K | $635K | $70K | $37K | — | View 990 |
| 2015 | $714K | $680K | $75K | $14K | — | View 990 |
| 2014 | $742K | $750K | $50K | $23K | — | View 990 |
| 2013 | $736K | $771K | $46K | $11K | — | View 990 |
| 2012 | $611K | $590K | $141K | $71K | — | View 990 |
| 2011 | $791K | $774K | $178K | $129K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $481K, expenses of $405K, and assets of $90K (revenue -2.5% year-over-year).
- 2020: Revenue of $493K, expenses of $517K, and assets of $14K (revenue -28.7% year-over-year).
- 2019: Revenue of $691K, expenses of $670K, and assets of $56K (revenue +15.3% year-over-year).
- 2018: Revenue of $600K, expenses of $654K, and assets of $43K (revenue -17.6% year-over-year).
- 2017: Revenue of $728K, expenses of $668K, and assets of $126K (revenue +10.7% year-over-year).
- 2016: Revenue of $658K, expenses of $635K, and assets of $70K (revenue -7.8% year-over-year).
- 2015: Revenue of $714K, expenses of $680K, and assets of $75K (revenue -3.7% year-over-year).
- 2014: Revenue of $742K, expenses of $750K, and assets of $50K (revenue +0.8% year-over-year).
- 2013: Revenue of $736K, expenses of $771K, and assets of $46K (revenue +20.5% year-over-year).
- 2012: Revenue of $611K, expenses of $590K, and assets of $141K (revenue -22.7% year-over-year).
- 2011: Revenue of $791K, expenses of $774K, and assets of $178K.
Data Sources and Methodology
This transparency report for Greater Ocean City Golf Associationinc 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.