Ocean Beach Club Of Elberon New Jer
Ocean Beach Club of Elberon New Jer consistently operates with expenses slightly exceeding revenue, maintaining substantial assets alongside high liabilities.
EIN: 210527680 · Elberon, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $1.4M |
| Transparency Score | 65/100 |
Is Ocean Beach Club Of Elberon New Jer Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Beach Club Of Elberon New Jer directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Beach Club Of Elberon New Jer
Ocean Beach Club Of Elberon New Jer (EIN: 210527680) is a nonprofit organization based in Elberon, NJ. The organization reported total revenue of $2.3M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Beach Club Of Elberon New Jer's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Beach Club Of Elberon New Jer is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-41,436 |
| Total Assets | $4.9M |
| Total Liabilities | $3.5M |
| Net Assets | $1.4M |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 71.5% |
| Months of Reserves | 31.6 months |
Financial Health Grade: C
In 2023, Ocean Beach Club Of Elberon New Jer reported a deficit of $41K with expenses exceeding revenue, holds 31.6 months of operating reserves (strong position), has a debt-to-asset ratio of 71.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Beach Club Of Elberon New Jer's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +6.1% | -3.5% |
| 2022 | +7.1% | +10.2% | -1.0% |
| 2021 | +15.3% | +8.2% | -0.3% |
| 2020 | -1.4% | -5.0% | +0.9% |
| 2019 | +3.2% | +7.6% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Club Of Elberon New Jer with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ocean Beach Club Of Elberon New Jer 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 deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with over $1.8 million in annual expenses.
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 Club Of Elberon New Jer's IRS 990 filings:
- Consistent trend of expenses exceeding revenue in recent years (e.g., 2023, 2022, 2020), indicating potential operational deficits.
- High liabilities relative to assets ($3,500,329 liabilities vs. $4,892,847 assets in 2023), suggesting significant debt.
- Lack of reported officer compensation (0%) across all filings, which could be a transparency concern if leadership is compensated in other ways not clearly disclosed.
- NTEE code is unknown, making it difficult to benchmark against similar organizations or fully understand its mission.
Strengths
The following positive indicators were identified for Ocean Beach Club Of Elberon New Jer:
- Long operating history with 13 filings, indicating stability and continuity.
- Substantial asset base ($4,892,847 in 2023), providing a foundation for operations.
- Consistent revenue generation over many years, demonstrating a stable funding model, likely from membership dues.
- No reported officer compensation could indicate a highly efficient, volunteer-driven leadership structure, if truly unpaid.
Frequently Asked Questions about Ocean Beach Club Of Elberon New Jer
Is Ocean Beach Club Of Elberon New Jer a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Beach Club Of Elberon New Jer (EIN: 210527680) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Ocean Beach Club Of Elberon New Jer spend its money?
Ocean Beach Club Of Elberon New Jer directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocean Beach Club Of Elberon New Jer tax-deductible?
Ocean Beach Club Of Elberon New Jer is registered as a tax-exempt nonprofit (EIN: 210527680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ocean Beach Club Of Elberon New Jer CEO make?
Ocean Beach Club Of Elberon New Jer's highest-compensated officer earns $1.8 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ocean Beach Club Of Elberon New Jer's spending goes to programs?
Ocean Beach Club Of Elberon New Jer directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ocean Beach Club Of Elberon New Jer located?
Ocean Beach Club Of Elberon New Jer is headquartered in Elberon, New Jersey and files with the IRS under EIN 210527680.
How many years of IRS 990 filings does Ocean Beach Club Of Elberon New Jer have?
Ocean Beach Club Of Elberon New Jer 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 $2.3M in total revenue.
What is the specific nature of the 'programs' or services provided by the Ocean Beach Club, given its social club designation?
Without an NTEE code or detailed program service accomplishments on the 990, it's difficult to ascertain the specific activities. However, for a social club, 'programs' typically refer to member services, facility maintenance, and social events.
Why does the organization consistently report 0% officer compensation despite significant revenue and expenses?
This could indicate a fully volunteer-run leadership, or that compensation is structured in a way that is not reported under 'officer compensation' on the IRS Form 990, such as through independent contractor agreements or other employee classifications.
What is the long-term strategy for addressing the trend of expenses exceeding revenue, as seen in periods like 2023 ($1,860,648 expenses vs. $1,819,212 revenue)?
The organization consistently operates with a slight deficit, which could be managed through reserves, but a sustained trend might impact long-term financial stability if not addressed.
What is the breakdown of the significant liabilities, which were $3,500,329 in 2023, relative to the assets of $4,892,847?
A high liability-to-asset ratio suggests significant debt, which could be related to property, mortgages, or other long-term obligations. Understanding the nature of these liabilities is crucial for assessing financial risk.
Filing History
IRS 990 filing history for Ocean Beach Club Of Elberon New Jer showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Beach Club Of Elberon New Jer's revenue has grown by 65.4%, moving from $1.1M to $1.8M. Total assets increased by 92.7% over the same period, from $2.5M to $4.9M. Total functional expenses rose by 91.5%, from $972K to $1.9M. In its most recent filing year (2023), Ocean Beach Club Of Elberon New Jer reported a deficit of $41K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $4.9M in assets (debt-to-asset ratio: 71.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $4.9M | $3.5M | — | — |
| 2022 | $1.7M | $1.8M | $5.1M | $3.7M | — | View 990 |
| 2021 | $1.6M | $1.6M | $5.1M | $3.6M | — | View 990 |
| 2020 | $1.4M | $1.5M | $5.1M | $3.8M | — | View 990 |
| 2019 | $1.4M | $1.5M | $5.1M | $3.7M | — | View 990 |
| 2018 | $1.4M | $1.4M | $5.3M | $3.7M | — | View 990 |
| 2017 | $1.2M | $1.4M | $5.3M | $3.8M | — | View 990 |
| 2016 | $1.4M | $1.5M | $5.6M | $3.8M | — | View 990 |
| 2015 | $1.2M | $1.5M | $5.7M | $3.9M | — | View 990 |
| 2014 | $1.0M | $1.5M | $5.9M | $4.2M | — | View 990 |
| 2013 | $1.6M | $1.2M | $5.6M | $3.3M | — | View 990 |
| 2012 | $1.1M | $1.7M | $2.0M | $14K | — | View 990 |
| 2011 | $1.1M | $972K | $2.5M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $4.9M (revenue +5.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $5.1M (revenue +7.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $5.1M (revenue +15.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $5.1M (revenue -1.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $5.1M (revenue +3.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $5.3M (revenue +15.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.4M, and assets of $5.3M (revenue -18.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $5.6M (revenue +21.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.5M, and assets of $5.7M (revenue +18.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.5M, and assets of $5.9M (revenue -35.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $5.6M (revenue +37.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.7M, and assets of $2.0M (revenue +2.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $972K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Beach Club Of Elberon New Jer:
Data Sources and Methodology
This transparency report for Ocean Beach Club Of Elberon New Jer 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.