Ocean Club Inc
Ocean Club Inc. shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 111510000 · Atlantic Bch, NY · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Ocean Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Club Inc
Ocean Club Inc (EIN: 111510000) is a nonprofit organization based in Atlantic Bch, NY, classified under NTEE code N50. The organization reported total revenue of $2.5M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Club Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$80K |
| Total Assets | $2.6M |
| Total Liabilities | $327K |
| Net Assets | $2.2M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2023, Ocean Club Inc reported a surplus of $80K with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +2.1% | +12.8% |
| 2022 | +4.8% | +31.7% | -0.1% |
| 2021 | +6.6% | -5.5% | +17.9% |
| 2020 | -5.0% | -10.9% | +3.1% |
| 2019 | +5.7% | +6.9% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Club Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ocean Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.7%.
Executive Compensation Analysis
Ocean Club Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues approaching $2 million annually. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial statements, warranting further investigation for complete transparency.
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 Club Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Unusually consistent 0% officer compensation for an organization of this size, potentially obscuring executive benefits
- Significant increase in liabilities in the latest filing (2023) without immediate explanation
Strengths
The following positive indicators were identified for Ocean Club Inc:
- Consistent revenue growth over a decade, from $1.4M in 2014 to $1.9M in 2023
- Healthy asset accumulation, growing from $1.09M in 2014 to $2.56M in 2023
- Positive net income in most years, indicating financial sustainability
- Low liabilities relative to assets in most periods, suggesting good financial health
- No reported officer compensation, indicating potential volunteer leadership or highly efficient use of funds
Frequently Asked Questions about Ocean Club Inc
Is Ocean Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Club Inc (EIN: 111510000) some concerns. Mission Score: 85/100. 3 red flags identified, 5 strengths noted.
How does Ocean Club Inc spend its money?
Ocean Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocean Club Inc tax-deductible?
Ocean Club Inc is registered as a tax-exempt nonprofit (EIN: 111510000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ocean Club Inc CEO make?
Ocean Club Inc's highest-compensated officer earns $2 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ocean Club Inc's spending goes to programs?
Ocean Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ocean Club Inc 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 Ocean Club Inc located?
Ocean Club Inc is headquartered in Atlantic Bch, New York and files with the IRS under EIN 111510000. It is classified under NTEE code N50.
How many years of IRS 990 filings does Ocean Club Inc have?
Ocean 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 $2.5M in total revenue.
How does Ocean Club Inc. manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or their compensation is classified under other expense categories, which would require further detail from their full IRS Form 990 to clarify.
What caused the significant increase in liabilities from $114,067 in 2022 to $326,672 in 2023?
The increase in liabilities in 2023 warrants a closer look at the organization's detailed financial statements to understand the nature of these new obligations, such as new loans, deferred revenue, or accounts payable.
What is the specific NTEE code N50 and how does Ocean Club Inc.'s activities align with it?
NTEE code N50 generally refers to 'Recreational, Sports, Leisure, & Athletics - General.' Understanding the specific programs and activities of Ocean Club Inc. would confirm its alignment with this classification and its mission.
Filing History
IRS 990 filing history for Ocean Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Club Inc's revenue has grown by 47.2%, moving from $1.3M to $2.0M. Total assets increased by 135% over the same period, from $1.1M to $2.6M. Total functional expenses rose by 51.6%, from $1.2M to $1.9M. In its most recent filing year (2023), Ocean Club Inc reported a surplus of $80K, with revenue exceeding expenses. The organization holds $327K in liabilities against $2.6M in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $2.6M | $327K | — | View 990 |
| 2022 | $1.9M | $1.9M | $2.3M | $114K | — | View 990 |
| 2021 | $1.8M | $1.4M | $2.3M | $192K | — | View 990 |
| 2020 | $1.7M | $1.5M | $1.9M | $267K | — | View 990 |
| 2019 | $1.8M | $1.7M | $1.9M | $434K | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.8M | $513K | — | View 990 |
| 2017 | $1.7M | $1.6M | $1.3M | $135K | — | View 990 |
| 2016 | $1.6M | $1.5M | $1.2M | $153K | — | View 990 |
| 2015 | $1.5M | $1.5M | $1.1M | $196K | — | View 990 |
| 2014 | $1.4M | $1.4M | $1.1M | $212K | — | View 990 |
| 2013 | $1.4M | $1.4M | $1.2M | $304K | — | View 990 |
| 2012 | $1.4M | $1.3M | $1.1M | $243K | — | View 990 |
| 2011 | $1.3M | $1.2M | $1.1M | $269K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $2.6M (revenue +3.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $2.3M (revenue +4.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.4M, and assets of $2.3M (revenue +6.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.5M, and assets of $1.9M (revenue -5.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $1.9M (revenue +5.7% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.8M (revenue +2.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $1.3M (revenue +3.6% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $1.2M (revenue +4.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $1.1M (revenue +7.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $1.1M (revenue +0.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $1.2M (revenue +1.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue +3.5% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Club Inc:
Data Sources and Methodology
This transparency report for Ocean 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.