Manursing Island Club Inc
Manursing Island Club Inc. consistently generates revenue exceeding expenses, operating as a financially stable social and recreational club with no reported officer compensation.
EIN: 131719395 · Rye, NY · NTEE: N50Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.0M |
| Total Expenses | $8.2M |
| CEO/Top Officer Pay | $8 |
| Net Assets | $9.6M |
| Transparency Score | 20/100 |
Is Manursing Island Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Manursing Island Club Inc
Manursing Island Club Inc (EIN: 131719395) is a nonprofit organization based in Rye, NY, classified under NTEE code N50Z. The organization reported total revenue of $10.0M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manursing Island Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Manursing Island Club Inc is a large nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$517K |
| Total Assets | $10.2M |
| Total Liabilities | $567K |
| Net Assets | $9.6M |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 14.8 months |
Financial Health Grade: A
In 2023, Manursing Island Club Inc reported a surplus of $517K with revenue exceeding expenses, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Manursing Island Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +11.1% | +7.2% |
| 2022 | +17.6% | +24.0% | +2.9% |
| 2021 | +29.8% | +16.9% | +1.4% |
| 2020 | -15.8% | -14.9% | -6.7% |
| 2019 | +7.9% | +5.4% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Manursing Island Club Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 0%
- fundraising: 50%
According to IRS 990 filings, Manursing Island Club Inc allocates its expenses as follows: admin: 50%, programs: 0%, fundraising: 50%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $517K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers do not receive salaries from the organization, which is highly unusual for an organization with over $8 million in annual revenue and $10 million in assets.
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 Manursing Island Club Inc's IRS 990 filings:
- NTEE code N50Z (Social & Recreational Clubs) suggests a primary focus on member services rather than broad public charity.
- Lack of detailed program spending information makes it difficult to assess charitable impact.
- Consistent zero officer compensation for an organization of this size is unusual and warrants further inquiry into leadership structure and compensation practices.
- The organization's financial activities appear to be more aligned with a private business or membership club than a public charity.
Strengths
The following positive indicators were identified for Manursing Island Club Inc:
- Consistent positive net income, demonstrating strong financial stability (e.g., $516,831 surplus in 2023).
- Growing asset base, indicating sound financial management and accumulation of resources (e.g., assets grew from $9.1M in 2020 to $10.1M in 2023).
- No reported officer compensation, suggesting a volunteer-led executive structure or alternative compensation methods.
Frequently Asked Questions about Manursing Island Club Inc
Is Manursing Island Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Manursing Island Club Inc (EIN: 131719395) significant concerns. Mission Score: 20/100. 4 red flags identified, 3 strengths noted.
How does Manursing Island Club Inc spend its money?
Detailed spending breakdown data is not yet available for Manursing Island Club Inc. Check back for updated IRS 990 analysis.
Are donations to Manursing Island Club Inc tax-deductible?
Manursing Island Club Inc is registered as a tax-exempt nonprofit (EIN: 131719395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Manursing Island Club Inc CEO make?
Manursing Island Club Inc's highest-compensated officer earns $8 annually. The organization reported $10.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Manursing Island Club Inc compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Manursing Island Club Inc is below average for NTEE category N50Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Manursing Island Club Inc located?
Manursing Island Club Inc is headquartered in Rye, New York and files with the IRS under EIN 131719395. It is classified under NTEE code N50Z.
How many years of IRS 990 filings does Manursing Island Club Inc have?
Manursing Island 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 $10.0M in total revenue.
What are the specific charitable programs or public benefits provided by Manursing Island Club Inc.?
Based on the NTEE code N50Z (Social & Recreational Clubs) and the financial data, the organization primarily functions as a private club. The filings do not detail specific charitable programs or public benefits, making it difficult to assess its impact beyond its members.
How does Manursing Island Club Inc. allocate its expenses, particularly between member services and any potential community outreach?
The provided data does not offer a detailed breakdown of expenses beyond total expenses. Given its classification, it's highly probable that the vast majority of expenses are allocated to maintaining club facilities and services for its members, rather than community outreach.
Why is officer compensation consistently reported as zero, despite significant revenue and assets?
The consistent reporting of zero officer compensation suggests that the organization's leadership may be entirely volunteer-based, or compensated through other means not reported as officer compensation on the 990, or that the club structure does not involve paid officers in the traditional sense.
Filing History
IRS 990 filing history for Manursing Island Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manursing Island Club Inc's revenue has grown by 93.9%, moving from $4.5M to $8.8M. Total assets decreased by 16.8% over the same period, from $12.3M to $10.2M. Total functional expenses rose by 78%, from $4.6M to $8.2M. In its most recent filing year (2023), Manursing Island Club Inc reported a surplus of $517K, with revenue exceeding expenses. The organization holds $567K in liabilities against $10.2M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.8M | $8.2M | $10.2M | $567K | — | — |
| 2022 | $7.9M | $7.4M | $9.5M | $402K | — | View 990 |
| 2021 | $6.7M | $6.0M | $9.2M | $618K | — | View 990 |
| 2020 | $5.2M | $5.1M | $9.1M | $1.2M | — | — |
| 2019 | $6.1M | $6.0M | $9.8M | $2.1M | — | View 990 |
| 2018 | $5.7M | $5.7M | $9.9M | $2.3M | — | View 990 |
| 2017 | $5.5M | $5.3M | $10.4M | $2.8M | — | — |
| 2016 | $5.4M | $5.2M | $10.8M | $3.4M | — | View 990 |
| 2015 | $5.7M | $5.3M | $11.2M | $4.0M | — | View 990 |
| 2014 | $5.4M | $5.1M | $11.7M | $4.9M | — | View 990 |
| 2013 | $6.7M | $6.0M | $12.1M | $5.6M | — | View 990 |
| 2012 | $4.8M | $5.1M | $11.4M | $5.7M | — | View 990 |
| 2011 | $4.5M | $4.6M | $12.3M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.8M, expenses of $8.2M, and assets of $10.2M (revenue +10.8% year-over-year).
- 2022: Revenue of $7.9M, expenses of $7.4M, and assets of $9.5M (revenue +17.6% year-over-year).
- 2021: Revenue of $6.7M, expenses of $6.0M, and assets of $9.2M (revenue +29.8% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.1M, and assets of $9.1M (revenue -15.8% year-over-year).
- 2019: Revenue of $6.1M, expenses of $6.0M, and assets of $9.8M (revenue +7.9% year-over-year).
- 2018: Revenue of $5.7M, expenses of $5.7M, and assets of $9.9M (revenue +4.5% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.3M, and assets of $10.4M (revenue +0.4% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.2M, and assets of $10.8M (revenue -4.5% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.3M, and assets of $11.2M (revenue +4.5% year-over-year).
- 2014: Revenue of $5.4M, expenses of $5.1M, and assets of $11.7M (revenue -19.3% year-over-year).
- 2013: Revenue of $6.7M, expenses of $6.0M, and assets of $12.1M (revenue +39.9% year-over-year).
- 2012: Revenue of $4.8M, expenses of $5.1M, and assets of $11.4M (revenue +6.8% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.6M, and assets of $12.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Manursing Island Club Inc:
Data Sources and Methodology
This transparency report for Manursing Island 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.