Morehead City Yacht Basin Association
Morehead City Yacht Basin Association maintains consistent revenue and asset growth with no reported officer compensation.
EIN: 201335937 · Morehead City, NC · NTEE: N50 · Updated: 2026-03-28
Source Check Matrix
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Morehead City Yacht Basin Association is mapped to EIN 201335937.
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9 stored filing years available.
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9 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $258K |
| Total Expenses | $217K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $250,000. |
| Net Assets | $274K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Morehead City Yacht Basin Association Form 990, Revenue, CEO Pay, and IRS Filing Signals
Morehead City Yacht Basin Association is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Morehead City Yacht Basin Association in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $242K and expenses of $217K.
Revenue and Expenses
Morehead City Yacht Basin Association reported $242K in revenue and $217K in expenses, a surplus of $25K.
Executive Compensation
Top officer compensation appears as $250,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Morehead City Yacht Basin Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $196K (90%) |
Across stored filings, Morehead City Yacht Basin Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 9 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Category N context |
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Morehead City, NC nonprofitsCategory N in North Carolina
Human Services in North Carolina
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Morehead City Yacht Basin Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morehead City Yacht Basin Association
Morehead City Yacht Basin Association (EIN: 201335937) is a nonprofit organization based in Morehead City, NC, classified under NTEE code N50. The organization reported total revenue of $258K and total assets of $562K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morehead City Yacht Basin Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morehead City Yacht Basin Association is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2016–2024). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $217K |
| Surplus / Deficit | +$25K |
| Total Assets | $508K |
| Total Liabilities | $234K |
| Net Assets | $274K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 46.0% |
| Months of Reserves | 28.1 months |
Financial Health Grade: A
In 2024, Morehead City Yacht Basin Association reported a surplus of $25K with revenue exceeding expenses, holds 28.1 months of operating reserves (strong position), has a debt-to-asset ratio of 46.0% (moderate leverage).
Financial Trends
Over 9 years of filings (2016–2024), Morehead City Yacht Basin Association's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.0% | +2.1% | +5.0% |
| 2023 | +0.4% | +6.9% | +4.9% |
| 2022 | -0.4% | -0.6% | +4.0% |
| 2021 | -1.1% | -2.1% | +4.1% |
| 2020 | +0.9% | +4.3% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Morehead City Yacht Basin Association with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Morehead City Yacht Basin Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is highly efficient for an organization of its size with revenues around $250,000.
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 Morehead City Yacht Basin Association:
- Consistent revenue generation, with latest revenue at $258,163.
- Steady asset growth, reaching $562,220 in latest period.
- No reported officer compensation, indicating high operational efficiency.
- Revenues consistently exceed expenses, leading to financial surpluses.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Morehead City Yacht Basin Association
Is Morehead City Yacht Basin Association a legitimate charity?
Morehead City Yacht Basin Association (EIN: 201335937) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $258K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Morehead City Yacht Basin Association spend its money?
Morehead City Yacht Basin Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Morehead City Yacht Basin Association tax-deductible?
Morehead City Yacht Basin Association is registered as a tax-exempt nonprofit (EIN: 201335937). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morehead City Yacht Basin Association CEO make?
Morehead City Yacht Basin Association's highest-compensated officer earns $250,000. annually. The organization reported $258K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Morehead City Yacht Basin Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Morehead City Yacht Basin Association is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morehead City Yacht Basin Association located?
Morehead City Yacht Basin Association is headquartered in Morehead City, North Carolina and files with the IRS under EIN 201335937. It is classified under NTEE code N50.
How many years of IRS 990 filings does Morehead City Yacht Basin Association have?
Morehead City Yacht Basin Association has 9 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 $258K in total revenue.
Is Morehead City Yacht Basin Association a good charity?
Based on the provided financial data, the organization appears to be well-managed, with consistent revenue, growing assets, and no reported officer compensation, suggesting a high degree of financial efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth, with assets increasing from $378,548 in 201606 to $508,273 in 202406, and revenues generally exceeding expenses, indicating a stable and improving financial position.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all filings, which is a strong indicator of volunteer leadership or highly efficient compensation practices, allowing more funds to be directed towards its mission.
Filing History
IRS 990 filing history for Morehead City Yacht Basin Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2016–2024), Morehead City Yacht Basin Association's revenue has grown by 167%, moving from $91K to $242K. Total assets increased by 34.3% over the same period, from $379K to $508K. Total functional expenses rose by 115%, from $101K to $217K. In its most recent filing year (2024), Morehead City Yacht Basin Association reported a surplus of $25K, with revenue exceeding expenses. The organization holds $234K in liabilities against $508K in assets (debt-to-asset ratio: 46.0%), resulting in net assets of $274K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $242K | $217K | $508K | $234K | — | — |
| 2023 | $218K | $213K | $484K | $234K | — | View 990 |
| 2022 | $217K | $199K | $461K | $217K | — | View 990 |
| 2021 | $218K | $200K | $443K | $217K | — | View 990 |
| 2020 | $220K | $205K | $426K | $217K | — | View 990 |
| 2019 | $218K | $196K | $410K | $217K | — | View 990 |
| 2018 | $217K | $204K | $388K | $217K | — | View 990 |
| 2017 | $217K | $221K | $375K | $217K | — | View 990 |
| 2016 | $91K | $101K | $379K | $217K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $242K, expenses of $217K, and assets of $508K (revenue +11.0% year-over-year).
- 2023: Revenue of $218K, expenses of $213K, and assets of $484K (revenue +0.4% year-over-year).
- 2022: Revenue of $217K, expenses of $199K, and assets of $461K (revenue -0.4% year-over-year).
- 2021: Revenue of $218K, expenses of $200K, and assets of $443K (revenue -1.1% year-over-year).
- 2020: Revenue of $220K, expenses of $205K, and assets of $426K (revenue +0.9% year-over-year).
- 2019: Revenue of $218K, expenses of $196K, and assets of $410K (revenue +0.5% year-over-year).
- 2018: Revenue of $217K, expenses of $204K, and assets of $388K (revenue +-0.0% year-over-year).
- 2017: Revenue of $217K, expenses of $221K, and assets of $375K (revenue +139.8% year-over-year).
- 2016: Revenue of $91K, expenses of $101K, and assets of $379K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morehead City Yacht Basin Association:
Data Sources and Methodology
This transparency report for Morehead City Yacht Basin Association 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.