Kollege Widgwok Yacht Club
Kollege Widgwok Yacht Club shows consistent revenue growth and stable assets with no reported officer compensation.
EIN: 10217552 · Blue Hill, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $555K |
| Total Expenses | $473K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Kollege Widgwok Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kollege Widgwok Yacht Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kollege Widgwok Yacht Club
Kollege Widgwok Yacht Club (EIN: 10217552) is a nonprofit organization based in Blue Hill, ME. The organization reported total revenue of $555K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kollege Widgwok Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kollege Widgwok Yacht Club is a small nonprofit that has been operating for 36 years, with 13 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 | $473K |
| Surplus / Deficit | +$3K |
| Total Assets | $1.5M |
| Total Liabilities | $223K |
| Net Assets | $1.3M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 14.6% |
| Months of Reserves | 38.9 months |
Financial Health Grade: A
In 2023, Kollege Widgwok Yacht Club reported a surplus of $3K with revenue exceeding expenses, holds 38.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kollege Widgwok Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.1% | +7.0% | +9.3% |
| 2022 | +24.5% | +50.4% | -8.5% |
| 2021 | +14.3% | +10.9% | +10.2% |
| 2020 | -12.7% | -8.4% | +6.6% |
| 2019 | +9.0% | +5.6% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Kollege Widgwok 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, Kollege Widgwok 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which suggests a highly lean administrative cost structure.
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 Kollege Widgwok Yacht Club's IRS 990 filings:
- Significant increase in liabilities in 2023 ($223,337) compared to previous years (e.g., $6,169 in 2021) without clear explanation in provided data.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for Kollege Widgwok Yacht Club:
- Consistent revenue growth over the past decade, from $248,327 in 2015 to $475,862 in 2023.
- Healthy and growing asset base, increasing from $1,059,916 in 2015 to $1,532,286 in 2023.
- No reported officer compensation across all filings, suggesting a highly efficient or volunteer-led leadership structure.
- Expenses generally track revenue, indicating sound financial management and sustainability.
Frequently Asked Questions about Kollege Widgwok Yacht Club
Is Kollege Widgwok Yacht Club a legitimate charity?
Kollege Widgwok Yacht Club (EIN: 10217552) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $555K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Kollege Widgwok Yacht Club spend its money?
Kollege Widgwok Yacht Club directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kollege Widgwok Yacht Club tax-deductible?
Kollege Widgwok Yacht Club is registered as a tax-exempt nonprofit (EIN: 10217552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kollege Widgwok Yacht Club's spending goes to programs?
Kollege Widgwok Yacht Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kollege Widgwok Yacht Club located?
Kollege Widgwok Yacht Club is headquartered in Blue Hill, Maine and files with the IRS under EIN 10217552.
How many years of IRS 990 filings does Kollege Widgwok Yacht Club have?
Kollege Widgwok 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 $555K in total revenue.
What caused the significant increase in liabilities from $6,169 in 2021 to $223,337 in 2023?
The IRS 990 data shows a sharp rise in liabilities in the 2023 period. Further investigation into the specific nature of these liabilities (e.g., loans, deferred revenue, accounts payable) would be necessary to understand their impact on the organization's financial health.
How does Kollege Widgwok Yacht Club allocate its expenses between programs, administration, and fundraising?
The provided IRS 990 data only gives total expenses. A detailed breakdown of these categories is not available, making it difficult to precisely assess spending efficiency in these areas.
Does the organization rely heavily on volunteer efforts given the 0% officer compensation?
The consistent reporting of 0% officer compensation strongly suggests a significant reliance on volunteer leadership or a structure where key personnel are compensated in ways not classified as officer compensation, which could indicate a highly efficient operational model.
Filing History
IRS 990 filing history for Kollege Widgwok Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kollege Widgwok Yacht Club's revenue has grown by 86.1%, moving from $256K to $476K. Total assets increased by 68.1% over the same period, from $911K to $1.5M. Total functional expenses rose by 118.6%, from $216K to $473K. In its most recent filing year (2023), Kollege Widgwok Yacht Club reported a surplus of $3K, with revenue exceeding expenses. The organization holds $223K in liabilities against $1.5M in assets (debt-to-asset ratio: 14.6%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $476K | $473K | $1.5M | $223K | — | — |
| 2022 | $406K | $442K | $1.4M | $70K | — | — |
| 2021 | $326K | $294K | $1.5M | $6K | — | View 990 |
| 2020 | $286K | $265K | $1.4M | $1K | — | View 990 |
| 2019 | $327K | $290K | $1.3M | $509 | — | — |
| 2018 | $300K | $274K | $1.2M | $443 | — | View 990 |
| 2017 | $295K | $271K | $1.2M | $616 | — | View 990 |
| 2016 | $287K | $256K | $1.1M | $178 | — | View 990 |
| 2015 | $248K | $258K | $1.1M | $268 | — | View 990 |
| 2014 | $269K | $236K | $1.1M | $252 | — | View 990 |
| 2013 | $247K | $219K | $1.0M | $586 | — | View 990 |
| 2012 | $384K | $381K | $935K | $166 | — | View 990 |
| 2011 | $256K | $216K | $911K | $124 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $476K, expenses of $473K, and assets of $1.5M (revenue +17.1% year-over-year).
- 2022: Revenue of $406K, expenses of $442K, and assets of $1.4M (revenue +24.5% year-over-year).
- 2021: Revenue of $326K, expenses of $294K, and assets of $1.5M (revenue +14.3% year-over-year).
- 2020: Revenue of $286K, expenses of $265K, and assets of $1.4M (revenue -12.7% year-over-year).
- 2019: Revenue of $327K, expenses of $290K, and assets of $1.3M (revenue +9.0% year-over-year).
- 2018: Revenue of $300K, expenses of $274K, and assets of $1.2M (revenue +1.9% year-over-year).
- 2017: Revenue of $295K, expenses of $271K, and assets of $1.2M (revenue +2.7% year-over-year).
- 2016: Revenue of $287K, expenses of $256K, and assets of $1.1M (revenue +15.5% year-over-year).
- 2015: Revenue of $248K, expenses of $258K, and assets of $1.1M (revenue -7.6% year-over-year).
- 2014: Revenue of $269K, expenses of $236K, and assets of $1.1M (revenue +8.7% year-over-year).
- 2013: Revenue of $247K, expenses of $219K, and assets of $1.0M (revenue -35.6% year-over-year).
- 2012: Revenue of $384K, expenses of $381K, and assets of $935K (revenue +50.0% year-over-year).
- 2011: Revenue of $256K, expenses of $216K, and assets of $911K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kollege Widgwok Yacht Club:
Data Sources and Methodology
This transparency report for Kollege Widgwok 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.