Lawrence Beach Club Inc
Lawrence Beach Club Inc. maintains stable finances with growing assets and no reported officer compensation.
EIN: 110988860 · Atlantic Bch, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $4.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $5.3M |
| Transparency Score | 75/100 |
Is Lawrence Beach Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lawrence Beach Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lawrence Beach Club Inc
Lawrence Beach Club Inc (EIN: 110988860) is a nonprofit organization based in Atlantic Bch, NY. The organization reported total revenue of $5.8M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lawrence Beach Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lawrence Beach Club Inc is a mid-size nonprofit that has been operating for 92 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$4K |
| Total Assets | $6.1M |
| Total Liabilities | $849K |
| Net Assets | $5.3M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Lawrence Beach Club Inc reported a surplus of $4K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lawrence Beach Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +10.6% | +8.1% |
| 2022 | +13.9% | +11.0% | -2.1% |
| 2021 | -0.4% | +3.7% | -10.7% |
| 2020 | -1.6% | -0.6% | +11.0% |
| 2019 | +5.0% | +2.3% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
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 Lawrence Beach Club Inc 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, Lawrence Beach Club Inc 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with annual revenues exceeding $4 million and suggests either a fully volunteer-led executive team or compensation is structured in a way not reported as officer compensation on the 990.
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 Lawrence Beach Club Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- NTEE Code is unknown, making it difficult to categorize its mission and compare to peers
- Consistent 0% officer compensation for an organization of this size is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Lawrence Beach Club Inc:
- Consistent financial stability with revenues generally exceeding expenses
- Steady growth in assets over the past decade, from $4,295,305 in 2014 to $6,148,319 in 2023
- No reported officer compensation, indicating a potentially volunteer-driven leadership or alternative compensation structure.
Frequently Asked Questions about Lawrence Beach Club Inc
Is Lawrence Beach Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lawrence Beach Club Inc (EIN: 110988860) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Lawrence Beach Club Inc spend its money?
Lawrence Beach Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lawrence Beach Club Inc tax-deductible?
Lawrence Beach Club Inc is registered as a tax-exempt nonprofit (EIN: 110988860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lawrence Beach Club Inc CEO make?
Lawrence Beach Club Inc's highest-compensated officer earns $4 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lawrence Beach Club Inc's spending goes to programs?
Lawrence Beach Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lawrence Beach Club Inc located?
Lawrence Beach Club Inc is headquartered in Atlantic Bch, New York and files with the IRS under EIN 110988860.
How many years of IRS 990 filings does Lawrence Beach Club Inc have?
Lawrence Beach Club Inc 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 $5.8M in total revenue.
Is Lawrence Beach Club Inc. a good charity?
Based on the available data, Lawrence Beach Club Inc. appears to be financially stable with growing assets and no reported officer compensation. However, without detailed functional expense breakdowns, it's difficult to fully assess its program efficiency and impact as a 'charity' in the traditional sense, especially given its likely nature as a social club.
What is the purpose of Lawrence Beach Club Inc. given its financial structure?
The financial data, particularly the consistent near break-even operations and the absence of officer compensation, suggests that Lawrence Beach Club Inc. likely operates as a membership-based social or recreational club rather than a traditional public charity. Its NTEE code is unknown, which further supports this interpretation.
How does Lawrence Beach Club Inc. manage its liabilities?
Liabilities have fluctuated over the years, from a low of $398,699 in 2016 to a high of $1,409,973 in 2020. In 2023, liabilities stood at $848,570, which is manageable given its assets of $6,148,319, indicating a healthy financial position.
Filing History
IRS 990 filing history for Lawrence Beach Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lawrence Beach Club Inc's revenue has grown by 60.2%, moving from $2.9M to $4.6M. Total assets increased by 51.8% over the same period, from $4.1M to $6.1M. Total functional expenses rose by 53.9%, from $3.0M to $4.6M. In its most recent filing year (2023), Lawrence Beach Club Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $849K in liabilities against $6.1M in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.6M | $6.1M | $849K | — | — |
| 2022 | $4.4M | $4.2M | $5.7M | $425K | — | — |
| 2021 | $3.8M | $3.8M | $5.8M | $676K | — | View 990 |
| 2020 | $3.8M | $3.6M | $6.5M | $1.4M | — | — |
| 2019 | $3.9M | $3.6M | $5.9M | $999K | — | — |
| 2018 | $3.7M | $3.6M | $5.3M | $787K | — | View 990 |
| 2017 | $3.7M | $3.3M | $4.9M | $469K | — | — |
| 2016 | $3.8M | $3.4M | $4.5M | $399K | — | View 990 |
| 2015 | $3.5M | $3.4M | $4.5M | $757K | — | View 990 |
| 2014 | $3.3M | $3.6M | $4.3M | $728K | — | View 990 |
| 2013 | $3.9M | $3.8M | $4.9M | $974K | — | View 990 |
| 2012 | $3.4M | $2.9M | $4.5M | $740K | — | View 990 |
| 2011 | $2.9M | $3.0M | $4.1M | $695K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.6M, and assets of $6.1M (revenue +5.9% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.2M, and assets of $5.7M (revenue +13.9% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.8M, and assets of $5.8M (revenue -0.4% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.6M, and assets of $6.5M (revenue -1.6% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.6M, and assets of $5.9M (revenue +5.0% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.6M, and assets of $5.3M (revenue +1.7% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.3M, and assets of $4.9M (revenue -4.8% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.4M, and assets of $4.5M (revenue +10.2% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.4M, and assets of $4.5M (revenue +4.9% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.6M, and assets of $4.3M (revenue -14.3% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.8M, and assets of $4.9M (revenue +14.4% year-over-year).
- 2012: Revenue of $3.4M, expenses of $2.9M, and assets of $4.5M (revenue +17.6% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.0M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lawrence Beach Club Inc:
Data Sources and Methodology
This transparency report for Lawrence Beach 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.