Groton Long Point Yacht Club
EIN: 60912247 · Groton Long Point, CT
| Metric | Value |
|---|---|
| Total Revenue | $679K |
| Total Expenses | $451K |
| Net Assets | $297K |
Is Groton Long Point Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Groton Long Point Yacht Club
Groton Long Point Yacht Club (EIN: 60912247) is a nonprofit organization based in Groton Long Point, CT. The organization reported total revenue of $679K and total assets of $391K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Groton Long Point Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Groton Long Point Yacht Club is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $476K |
| Total Expenses | $451K |
| Surplus / Deficit | +$26K |
| Total Assets | $304K |
| Total Liabilities | $7K |
| Net Assets | $297K |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Groton Long Point Yacht Club reported a surplus of $26K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Groton Long Point Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | -12.6% | +6.1% |
| 2022 | +25.9% | +44.1% | +11.2% |
| 2021 | +428.7% | +201.9% | +37.4% |
| 2020 | -77.6% | -64.8% | -16.7% |
| 2019 | +5.3% | -3.5% | +11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Groton Long Point Yacht Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Groton Long Point Yacht Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Groton Long Point Yacht Club
Is Groton Long Point Yacht Club a legitimate charity?
Groton Long Point Yacht Club (EIN: 60912247) is a registered tax-exempt nonprofit based in Connecticut. It has 12 years of IRS 990 filings on record. Total revenue: $679K. No red flags identified. Financial health grade: A.
How does Groton Long Point Yacht Club spend its money?
Groton Long Point Yacht Club reported $679K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Groton Long Point Yacht Club tax-deductible?
Groton Long Point Yacht Club is registered as a tax-exempt nonprofit (EIN: 60912247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Groton Long Point Yacht Club located?
Groton Long Point Yacht Club is headquartered in Groton Long Point, Connecticut and files with the IRS under EIN 60912247.
How many years of IRS 990 filings does Groton Long Point Yacht Club have?
Groton Long Point Yacht Club has 12 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 $679K in total revenue.
Filing History
IRS 990 filing history for Groton Long Point Yacht Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Groton Long Point Yacht Club's revenue has grown by 85.4%, moving from $257K to $476K. Total assets increased by 154.2% over the same period, from $120K to $304K. Total functional expenses rose by 110.5%, from $214K to $451K. In its most recent filing year (2023), Groton Long Point Yacht Club reported a surplus of $26K, with revenue exceeding expenses. The organization holds $7K in liabilities against $304K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $297K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $476K | $451K | $304K | $7K | — | — |
| 2022 | $540K | $516K | $286K | $15K | — | View 990 |
| 2021 | $429K | $358K | $258K | $10K | — | View 990 |
| 2020 | $81K | $118K | $188K | $11K | — | — |
| 2019 | $362K | $337K | $225K | $11K | — | View 990 |
| 2018 | $344K | $349K | $202K | $13K | — | View 990 |
| 2017 | $341K | $345K | $209K | $14K | — | View 990 |
| 2016 | $317K | $343K | $211K | $13K | — | View 990 |
| 2015 | $344K | $316K | $240K | $15K | — | View 990 |
| 2013 | $294K | $266K | $159K | $3K | — | View 990 |
| 2012 | $273K | $263K | $130K | $3K | — | View 990 |
| 2011 | $257K | $214K | $120K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $476K, expenses of $451K, and assets of $304K (revenue -11.7% year-over-year).
- 2022: Revenue of $540K, expenses of $516K, and assets of $286K (revenue +25.9% year-over-year).
- 2021: Revenue of $429K, expenses of $358K, and assets of $258K (revenue +428.7% year-over-year).
- 2020: Revenue of $81K, expenses of $118K, and assets of $188K (revenue -77.6% year-over-year).
- 2019: Revenue of $362K, expenses of $337K, and assets of $225K (revenue +5.3% year-over-year).
- 2018: Revenue of $344K, expenses of $349K, and assets of $202K (revenue +0.7% year-over-year).
- 2017: Revenue of $341K, expenses of $345K, and assets of $209K (revenue +7.6% year-over-year).
- 2016: Revenue of $317K, expenses of $343K, and assets of $211K (revenue -7.9% year-over-year).
- 2015: Revenue of $344K, expenses of $316K, and assets of $240K (revenue +16.8% year-over-year).
- 2013: Revenue of $294K, expenses of $266K, and assets of $159K (revenue +7.8% year-over-year).
- 2012: Revenue of $273K, expenses of $263K, and assets of $130K (revenue +6.2% year-over-year).
- 2011: Revenue of $257K, expenses of $214K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Groton Long Point Yacht Club:
Data Sources and Methodology
This transparency report for Groton Long Point 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.