Patten Point Yacht Club Inc
Patten Point Yacht Club: High Revenue, Low Transparency
EIN: 221837285 · Long Branch, NJ · Updated: 2026-04-04
Is Patten Point Yacht Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patten Point Yacht Club Inc
Patten Point Yacht Club Inc (EIN: 221837285) is a nonprofit organization based in Long Branch, NJ. The organization reported total revenue of $437K and total assets of $459K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patten Point Yacht 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 Patten Point Yacht Club Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Patten Point Yacht Club Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and all expenses are categorized broadly.
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 Patten Point Yacht Club Inc's IRS 990 filings:
- Zero reported program service expenses across all available years, despite significant revenue (e.g., $427,443 in 2023).
- High administrative expenses relative to total expenses, suggesting operational costs dominate.
- The organization's name 'Yacht Club' combined with zero program spending raises questions about its nonprofit purpose.
- Consistent reporting of 0% for program service expenses over multiple years (2016-2023) is highly unusual for a nonprofit.
Strengths
The following positive indicators were identified for Patten Point Yacht Club Inc:
- Consistent revenue generation over several years, indicating financial stability in terms of income.
Frequently Asked Questions about Patten Point Yacht Club Inc
Is Patten Point Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Patten Point Yacht Club Inc (EIN: 221837285) significant concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
How does Patten Point Yacht Club Inc spend its money?
Detailed spending breakdown data is not yet available for Patten Point Yacht Club Inc. Check back for updated IRS 990 analysis.
Are donations to Patten Point Yacht Club Inc tax-deductible?
Patten Point Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 221837285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Patten Point Yacht Club Inc do?
Patten Point Yacht Club Inc is a nonprofit organization in the Unknown sector, located in Long Branch, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Patten Point Yacht Club Inc have?
Patten Point Yacht Club Inc reported total revenue of $437,305. Based on 13 IRS 990 filings on record.
What are Patten Point Yacht Club Inc's total assets?
Patten Point Yacht Club Inc holds total assets of $459,350 as reported in IRS 990 filings.
Where is Patten Point Yacht Club Inc located?
Patten Point Yacht Club Inc is based in Long Branch, New Jersey.
What is Patten Point Yacht Club Inc's EIN?
Patten Point Yacht Club Inc's Employer Identification Number (EIN) is 221837285. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Patten Point Yacht Club Inc?
Patten Point Yacht Club Inc is classified under NTEE code Unknown (Unknown).
Is Patten Point Yacht Club Inc a registered 501(c)(3)?
Patten Point Yacht Club Inc appears in IRS records (EIN: 221837285). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Patten Point Yacht Club Inc file IRS Form 990?
Yes, Patten Point Yacht Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Patten Point Yacht Club Inc's revenue in 2023?
In the 202312 filing period, Patten Point Yacht Club Inc reported total revenue of $427,443, total expenses of $362,196, and net assets of $374,079.
Is Patten Point Yacht Club Inc's revenue growing or declining?
Patten Point Yacht Club Inc's revenue is growing. Revenue went from $402,277 (202212) to $427,443 (202312), a +6.3% change. Based on 13 filings on record.
What is Patten Point Yacht Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Patten Point Yacht Club Inc covers tax period 202312. It shows revenue of $427,443, expenses of $362,196, total assets of $374,079, and liabilities of $95,453.
Is Patten Point Yacht Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Patten Point Yacht Club Inc has notable concerns. Mission Score: 20/100 (Poor). 4 red flags identified. 1 strength noted.
What are the red flags for Patten Point Yacht Club Inc?
The following concerns were identified: Zero reported program service expenses across all available years, despite significant revenue (e.g., $427,443 in 2023).. High administrative expenses relative to total expenses, suggesting operational costs dominate.. The organization's name 'Yacht Club' combined with zero program spending raises questions about its nonprofit purpose.. Consistent reporting of 0% for program service expenses over multiple years (2016-2023) is highly unusual for a nonprofit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Patten Point Yacht Club Inc's strengths?
Positive indicators for Patten Point Yacht Club Inc include: Consistent revenue generation over several years, indicating financial stability in terms of income.. These findings are derived from AI analysis of the organization's financial filings.
How does Patten Point Yacht Club Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and all expenses are categorized broadly. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the organization's name and zero reported program service expenses, what is the actual charitable purpose or public benefit provided by Patten Point Yacht Club Inc.?
Based on the provided data, there is no discernible charitable purpose or public benefit being delivered through program services, as all reported program expenses are $0. The organization appears to function more as a private club with nonprofit status.
How does Patten Point Yacht Club Inc. justify its nonprofit status when 100% of its expenses are categorized as administrative and fundraising, with no program spending?
The justification for nonprofit status is unclear from the provided financial data. Typically, nonprofits are expected to dedicate a significant portion of their resources to program services. The current financial reporting suggests a lack of direct charitable activities.
Filing History
IRS 990 filing history for Patten Point Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Patten Point Yacht Club Inc's revenue has grown by 194.7%, moving from $145K to $427K. Total assets decreased by 37% over the same period, from $594K to $374K. Total functional expenses rose by 164.3%, from $137K to $362K. In its most recent filing year (2023), Patten Point Yacht Club Inc reported a surplus of $65K, with revenue exceeding expenses. The organization holds $95K in liabilities against $374K in assets (debt-to-asset ratio: 25.5%), resulting in net assets of $279K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $427K | $362K | $374K | $95K | — | — |
| 2022 | $402K | $344K | $461K | $248K | — | View 990 |
| 2021 | $359K | $320K | $493K | $338K | — | View 990 |
| 2020 | $331K | $273K | $466K | $349K | — | View 990 |
| 2019 | $340K | $337K | $409K | $351K | — | — |
| 2018 | $353K | $335K | $418K | $363K | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | View 990 |
| 2016 | $233K | $369K | $564K | $214K | — | View 990 |
| 2015 | $135K | $169K | $413K | $184K | — | View 990 |
| 2014 | $135K | $142K | $406K | $163K | — | View 990 |
| 2013 | $166K | $192K | $379K | $111K | — | View 990 |
| 2012 | $200K | $69K | $408K | $106K | — | View 990 |
| 2011 | $145K | $137K | $594K | $177K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $427K, expenses of $362K, and assets of $374K (revenue +6.3% year-over-year).
- 2022: Revenue of $402K, expenses of $344K, and assets of $461K (revenue +12.1% year-over-year).
- 2021: Revenue of $359K, expenses of $320K, and assets of $493K (revenue +8.3% year-over-year).
- 2020: Revenue of $331K, expenses of $273K, and assets of $466K (revenue -2.5% year-over-year).
- 2019: Revenue of $340K, expenses of $337K, and assets of $409K (revenue -3.8% year-over-year).
- 2018: Revenue of $353K, expenses of $335K, and assets of $418K.
- 2017: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2016: Revenue of $233K, expenses of $369K, and assets of $564K (revenue +71.8% year-over-year).
- 2015: Revenue of $135K, expenses of $169K, and assets of $413K (revenue +0.6% year-over-year).
- 2014: Revenue of $135K, expenses of $142K, and assets of $406K (revenue -19.0% year-over-year).
- 2013: Revenue of $166K, expenses of $192K, and assets of $379K (revenue -16.9% year-over-year).
- 2012: Revenue of $200K, expenses of $69K, and assets of $408K (revenue +37.9% year-over-year).
- 2011: Revenue of $145K, expenses of $137K, and assets of $594K.
Data Sources and Methodology
This transparency report for Patten Point Yacht 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.