Monmouth Boat Club Inc
Monmouth Boat Club Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 210689839 · Red Bank, NJ · Updated: 2026-03-28
Is Monmouth Boat Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monmouth Boat Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monmouth Boat Club Inc
Monmouth Boat Club Inc (EIN: 210689839) is a nonprofit organization based in Red Bank, NJ. The organization reported total revenue of $605K and total assets of $978K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth Boat Club Inc'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 Monmouth Boat Club Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Monmouth Boat Club Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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. This is highly favorable, as all revenue can be directed towards the club's mission and operations rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Monmouth Boat Club Inc:
- Consistent revenue growth, from $221,429 in 2014 to $337,609 in 2023.
- Significant asset accumulation, growing from $126,474 in 2014 to $670,783 in 2023.
- Zero reported officer compensation across all filings, indicating volunteer leadership and high efficiency.
- Consistently operates with a financial surplus, demonstrating sound financial management.
- Very low liabilities, suggesting a healthy balance sheet and minimal financial risk.
Frequently Asked Questions about Monmouth Boat Club Inc
Is Monmouth Boat Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monmouth Boat Club Inc (EIN: 210689839) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Monmouth Boat Club Inc spend its money?
Monmouth Boat Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monmouth Boat Club Inc tax-deductible?
Monmouth Boat Club Inc is registered as a tax-exempt nonprofit (EIN: 210689839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Monmouth Boat Club Inc financially stable?
Yes, the club demonstrates strong financial stability with consistent revenue growth from $221,429 in 2014 to $337,609 in 2023, and assets growing from $126,474 to $670,783 over the same period. They consistently operate with a surplus.
How does Monmouth Boat Club Inc manage executive compensation?
Monmouth Boat Club Inc reports 0% officer compensation across all 13 available filings, indicating a volunteer-driven leadership structure.
What is the trend in the club's assets?
The club's assets have shown significant and consistent growth, increasing from $126,474 in 2014 to $670,783 in 2023, indicating effective financial management and reinvestment.
Filing History
IRS 990 filing history for Monmouth Boat Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monmouth Boat Club Inc's revenue has grown by 24.8%, moving from $271K to $338K. Total assets increased by 219.2% over the same period, from $210K to $671K. Total functional expenses rose by 15.8%, from $237K to $275K. In its most recent filing year (2023), Monmouth Boat Club Inc reported a surplus of $63K, with revenue exceeding expenses. The organization holds $2K in liabilities against $671K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $669K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $338K | $275K | $671K | $2K | — | — |
| 2022 | $317K | $196K | $613K | $5K | — | View 990 |
| 2021 | $310K | $191K | $490K | $3K | — | View 990 |
| 2020 | $216K | $159K | $370K | $0 | — | View 990 |
| 2019 | $278K | $212K | $316K | $3K | — | View 990 |
| 2018 | $246K | $229K | $251K | $3K | — | View 990 |
| 2017 | $254K | $219K | $238K | $8K | — | — |
| 2016 | $267K | $232K | $199K | $4K | — | View 990 |
| 2015 | $245K | $210K | $163K | $2K | — | View 990 |
| 2014 | $221K | $223K | $126K | $0 | — | View 990 |
| 2013 | $224K | $261K | $128K | $0 | — | View 990 |
| 2012 | $184K | $230K | $166K | $0 | — | View 990 |
| 2011 | $271K | $237K | $210K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $338K, expenses of $275K, and assets of $671K (revenue +6.3% year-over-year).
- 2022: Revenue of $317K, expenses of $196K, and assets of $613K (revenue +2.5% year-over-year).
- 2021: Revenue of $310K, expenses of $191K, and assets of $490K (revenue +43.3% year-over-year).
- 2020: Revenue of $216K, expenses of $159K, and assets of $370K (revenue -22.3% year-over-year).
- 2019: Revenue of $278K, expenses of $212K, and assets of $316K (revenue +13.1% year-over-year).
- 2018: Revenue of $246K, expenses of $229K, and assets of $251K (revenue -3.3% year-over-year).
- 2017: Revenue of $254K, expenses of $219K, and assets of $238K (revenue -4.7% year-over-year).
- 2016: Revenue of $267K, expenses of $232K, and assets of $199K (revenue +9.0% year-over-year).
- 2015: Revenue of $245K, expenses of $210K, and assets of $163K (revenue +10.5% year-over-year).
- 2014: Revenue of $221K, expenses of $223K, and assets of $126K (revenue -1.0% year-over-year).
- 2013: Revenue of $224K, expenses of $261K, and assets of $128K (revenue +21.8% year-over-year).
- 2012: Revenue of $184K, expenses of $230K, and assets of $166K (revenue -32.1% year-over-year).
- 2011: Revenue of $271K, expenses of $237K, and assets of $210K.
Data Sources and Methodology
This transparency report for Monmouth Boat 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.