Ocean Beach And Yacht Club Unit No 2
Ocean Beach And Yacht Club Unit No 2 shows consistent revenue growth and asset accumulation, with recent significant increase in liabilities.
EIN: 210628421 · Lavallette, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $588K |
| Total Expenses | $432K |
| Program Spending | 85% |
| Net Assets | $778K |
| Transparency Score | 80/100 |
Is Ocean Beach And Yacht Club Unit No 2 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Beach And Yacht Club Unit No 2 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Beach And Yacht Club Unit No 2
Ocean Beach And Yacht Club Unit No 2 (EIN: 210628421) is a nonprofit organization based in Lavallette, NJ. The organization reported total revenue of $588K and total assets of $859K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Beach And Yacht Club Unit No 2's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Beach And Yacht Club Unit No 2 is a small nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $479K |
| Total Expenses | $432K |
| Surplus / Deficit | +$47K |
| Total Assets | $779K |
| Total Liabilities | $1K |
| Net Assets | $778K |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 21.6 months |
Financial Health Grade: A
In 2023, Ocean Beach And Yacht Club Unit No 2 reported a surplus of $47K with revenue exceeding expenses, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Beach And Yacht Club Unit No 2's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +7.2% | +5.7% |
| 2022 | -8.0% | -9.9% | +15.7% |
| 2021 | +10.2% | +22.3% | +8.4% |
| 2020 | +1.1% | -2.7% | +16.9% |
| 2019 | +2.6% | -2.0% | +15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Ocean Beach And Yacht Club Unit No 2 with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Ocean Beach And Yacht Club Unit No 2 allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are likely uncompensated or compensated through non-officer channels, which is highly favorable for resource allocation relative to its size.
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 Ocean Beach And Yacht Club Unit No 2's IRS 990 filings:
- Significant increase in liabilities to $1,108,000 in 2023, up from $6,101 in 2022, without immediate explanation.
- NTEE code is unknown, limiting comparative analysis of its programmatic focus and efficiency against similar organizations.
Strengths
The following positive indicators were identified for Ocean Beach And Yacht Club Unit No 2:
- Consistent revenue growth over the past decade, from $384,572 in 2014 to $479,101 in 2023.
- Strong asset growth, increasing from $275,804 in 2014 to $779,209 in 2023.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Operates with a consistent financial surplus, demonstrating sound financial management (e.g., $46,908 surplus in 2023).
Frequently Asked Questions about Ocean Beach And Yacht Club Unit No 2
Is Ocean Beach And Yacht Club Unit No 2 a legitimate charity?
Ocean Beach And Yacht Club Unit No 2 (EIN: 210628421) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $588K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ocean Beach And Yacht Club Unit No 2 spend its money?
Ocean Beach And Yacht Club Unit No 2 directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ocean Beach And Yacht Club Unit No 2 tax-deductible?
Ocean Beach And Yacht Club Unit No 2 is registered as a tax-exempt nonprofit (EIN: 210628421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ocean Beach And Yacht Club Unit No 2's spending goes to programs?
Ocean Beach And Yacht Club Unit No 2 directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ocean Beach And Yacht Club Unit No 2 located?
Ocean Beach And Yacht Club Unit No 2 is headquartered in Lavallette, New Jersey and files with the IRS under EIN 210628421.
How many years of IRS 990 filings does Ocean Beach And Yacht Club Unit No 2 have?
Ocean Beach And Yacht Club Unit No 2 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 $588K in total revenue.
What caused the significant increase in liabilities to $1,108,000 in 2023?
The IRS 990 data shows a dramatic increase in liabilities from $6,101 in 2022 to $1,108,000 in 2023. This change is not explained by the provided data and would require reviewing the full 990 form for details, such as new debt, capital projects, or other obligations.
What are the specific program activities of Ocean Beach And Yacht Club Unit No 2?
The provided data does not specify the NTEE code or detailed program activities. To understand its mission and programs, one would need to consult the organization's full IRS 990 filing or its public website.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that any compensation is categorized differently within the 990, such as general salaries and wages, rather than direct officer compensation.
Filing History
IRS 990 filing history for Ocean Beach And Yacht Club Unit No 2 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Beach And Yacht Club Unit No 2's revenue has grown by 18.8%, moving from $403K to $479K. Total assets increased by 156.8% over the same period, from $303K to $779K. Total functional expenses rose by 2.5%, from $422K to $432K. In its most recent filing year (2023), Ocean Beach And Yacht Club Unit No 2 reported a surplus of $47K, with revenue exceeding expenses. The organization holds $1K in liabilities against $779K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $778K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $479K | $432K | $779K | $1K | — | — |
| 2022 | $458K | $403K | $737K | $6K | — | — |
| 2021 | $497K | $447K | $637K | $0 | — | View 990 |
| 2020 | $451K | $366K | $588K | $434 | — | View 990 |
| 2019 | $446K | $376K | $503K | $1K | — | View 990 |
| 2018 | $435K | $384K | $437K | $5K | — | View 990 |
| 2017 | $418K | $396K | $385K | $5K | — | — |
| 2016 | $422K | $378K | $368K | $10K | — | View 990 |
| 2015 | $397K | $352K | $327K | $8K | — | View 990 |
| 2014 | $385K | $338K | $276K | $7K | — | View 990 |
| 2013 | $342K | $452K | $256K | $21K | — | View 990 |
| 2012 | $450K | $390K | $369K | $23K | — | View 990 |
| 2011 | $403K | $422K | $303K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $479K, expenses of $432K, and assets of $779K (revenue +4.7% year-over-year).
- 2022: Revenue of $458K, expenses of $403K, and assets of $737K (revenue -8.0% year-over-year).
- 2021: Revenue of $497K, expenses of $447K, and assets of $637K (revenue +10.2% year-over-year).
- 2020: Revenue of $451K, expenses of $366K, and assets of $588K (revenue +1.1% year-over-year).
- 2019: Revenue of $446K, expenses of $376K, and assets of $503K (revenue +2.6% year-over-year).
- 2018: Revenue of $435K, expenses of $384K, and assets of $437K (revenue +4.0% year-over-year).
- 2017: Revenue of $418K, expenses of $396K, and assets of $385K (revenue -0.8% year-over-year).
- 2016: Revenue of $422K, expenses of $378K, and assets of $368K (revenue +6.2% year-over-year).
- 2015: Revenue of $397K, expenses of $352K, and assets of $327K (revenue +3.2% year-over-year).
- 2014: Revenue of $385K, expenses of $338K, and assets of $276K (revenue +12.4% year-over-year).
- 2013: Revenue of $342K, expenses of $452K, and assets of $256K (revenue -24.0% year-over-year).
- 2012: Revenue of $450K, expenses of $390K, and assets of $369K (revenue +11.7% year-over-year).
- 2011: Revenue of $403K, expenses of $422K, and assets of $303K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Beach And Yacht Club Unit No 2:
Data Sources and Methodology
This transparency report for Ocean Beach And Yacht Club Unit No 2 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.