Robbins Reef Yacht Club
Robbins Reef Yacht Club: Steady Finances, Limited Public Mission Details
EIN: 221235705 · Bayonne, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $293K |
| Total Expenses | $199K |
| Program Spending | 70% |
| Net Assets | $1.0M |
| Transparency Score | 40/100 |
Is Robbins Reef Yacht Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robbins Reef Yacht Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Robbins Reef Yacht Club
Robbins Reef Yacht Club (EIN: 221235705) is a nonprofit organization based in Bayonne, NJ. The organization reported total revenue of $293K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robbins Reef Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robbins Reef Yacht Club is a small nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $199K |
| Surplus / Deficit | +$24K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 10.7% |
| Months of Reserves | 60.8 months |
Financial Health Grade: A
In 2023, Robbins Reef Yacht Club reported a surplus of $24K with revenue exceeding expenses, holds 60.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Robbins Reef Yacht Club's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.3% | -23.3% | -0.5% |
| 2022 | +0.7% | +5.1% | -3.8% |
| 2021 | -8.9% | -0.5% | +1.1% |
| 2020 | +4.8% | -5.9% | +3.9% |
| 2019 | -7.5% | -8.2% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Robbins Reef Yacht Club with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Robbins Reef Yacht Club allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.
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 Robbins Reef Yacht Club's IRS 990 filings:
- Lack of clear mission statement or program details in the provided data.
- Limited transparency regarding how funds are specifically utilized for 'programs' beyond general expense figures.
- No information on key personnel or their compensation.
Strengths
The following positive indicators were identified for Robbins Reef Yacht Club:
- Consistent revenue generation over the past several years.
- Stable asset base, consistently around $1 million.
- Low or zero reported liabilities in most years, indicating financial stability.
Frequently Asked Questions about Robbins Reef Yacht Club
Is Robbins Reef Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Robbins Reef Yacht Club (EIN: 221235705) significant concerns. Mission Score: 40/100. 3 red flags identified, 3 strengths noted.
How does Robbins Reef Yacht Club spend its money?
Robbins Reef Yacht Club directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Robbins Reef Yacht Club tax-deductible?
Robbins Reef Yacht Club is registered as a tax-exempt nonprofit (EIN: 221235705). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Robbins Reef Yacht Club's spending goes to programs?
Robbins Reef Yacht Club directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Robbins Reef Yacht Club located?
Robbins Reef Yacht Club is headquartered in Bayonne, New Jersey and files with the IRS under EIN 221235705.
How many years of IRS 990 filings does Robbins Reef Yacht Club have?
Robbins Reef Yacht Club has 14 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 $293K in total revenue.
What does Robbins Reef Yacht Club do?
Robbins Reef Yacht Club is a nonprofit organization in the Unknown sector, located in Bayonne, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Robbins Reef Yacht Club have?
Robbins Reef Yacht Club reported total revenue of $292,643. Based on 14 IRS 990 filings on record.
What are Robbins Reef Yacht Club's total assets?
Robbins Reef Yacht Club holds total assets of $1,002,493 as reported in IRS 990 filings.
Where is Robbins Reef Yacht Club located?
Robbins Reef Yacht Club is based in Bayonne, New Jersey.
What is Robbins Reef Yacht Club's EIN?
Robbins Reef Yacht Club's Employer Identification Number (EIN) is 221235705. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Robbins Reef Yacht Club?
Robbins Reef Yacht Club is classified under NTEE code Unknown (Unknown).
Is Robbins Reef Yacht Club a registered 501(c)(3)?
Robbins Reef Yacht Club appears in IRS records (EIN: 221235705). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Robbins Reef Yacht Club file IRS Form 990?
Yes, Robbins Reef Yacht Club has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Robbins Reef Yacht Club's revenue in 2023?
In the 202312 filing period, Robbins Reef Yacht Club reported total revenue of $223,139, total expenses of $199,269, and net assets of $1,008,911.
Is Robbins Reef Yacht Club's revenue growing or declining?
Robbins Reef Yacht Club's revenue is declining. Revenue went from $276,634 (202212) to $223,139 (202312), a -19.3% change. Based on 14 filings on record.
What is Robbins Reef Yacht Club's most recent 990 filing?
The most recent IRS Form 990 filing for Robbins Reef Yacht Club covers tax period 202312. It shows revenue of $223,139, expenses of $199,269, total assets of $1,008,911, and liabilities of N/A.
How much does Robbins Reef Yacht Club spend on programs vs administration?
Based on IRS 990 analysis, Robbins Reef Yacht Club allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Robbins Reef Yacht Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Robbins Reef Yacht Club shows mixed signals. Mission Score: 40/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Robbins Reef Yacht Club?
The following concerns were identified: Lack of clear mission statement or program details in the provided data.. Limited transparency regarding how funds are specifically utilized for 'programs' beyond general expense figures.. No information on key personnel or their compensation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Robbins Reef Yacht Club's strengths?
Positive indicators for Robbins Reef Yacht Club include: Consistent revenue generation over the past several years.. Stable asset base, consistently around $1 million.. Low or zero reported liabilities in most years, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Robbins Reef Yacht Club compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific 'programs' does Robbins Reef Yacht Club operate, and how do they align with a nonprofit mission?
The provided data only lists general expenses, not specific program details. Without further information, it's unclear what specific activities constitute their programmatic spending.
Given the consistent revenue and asset base, what is the long-term strategic vision for the organization's growth or community impact?
The financial data indicates stability, but there's no information on strategic planning or future initiatives to expand their reach or impact beyond maintaining current operations.
Filing History
IRS 990 filing history for Robbins Reef Yacht Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Robbins Reef Yacht Club's revenue has declined by 22.7%, moving from $289K to $223K. Total assets increased by 44.2% over the same period, from $700K to $1.0M. Total functional expenses fell by 20.4%, from $250K to $199K. In its most recent filing year (2023), Robbins Reef Yacht Club reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $223K | $199K | $1.0M | $0 | — | — |
| 2022 | $277K | $260K | $1.0M | $29K | — | View 990 |
| 2021 | $275K | $247K | $1.1M | $86K | — | View 990 |
| 2020 | $301K | $249K | $1.0M | $101K | — | View 990 |
| 2019 | $287K | $264K | $1.0M | $0 | — | View 990 |
| 2018 | $311K | $288K | $994K | $0 | — | View 990 |
| 2017 | $316K | $262K | $1.0M | $160K | — | View 990 |
| 2016 | $280K | $230K | $959K | $0 | — | View 990 |
| 2015 | $231K | $209K | $953K | $216K | — | View 990 |
| 2014 | $116K | $222K | $939K | $223K | — | View 990 |
| 2013 | $300K | $272K | $976K | $263K | — | View 990 |
| 2012 | $253K | $220K | $973K | $289K | — | View 990 |
| 2011 | $235K | $205K | $1.1M | $403K | — | View 990 |
| 2010 | $289K | $250K | $700K | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $223K, expenses of $199K, and assets of $1.0M (revenue -19.3% year-over-year).
- 2022: Revenue of $277K, expenses of $260K, and assets of $1.0M (revenue +0.7% year-over-year).
- 2021: Revenue of $275K, expenses of $247K, and assets of $1.1M (revenue -8.9% year-over-year).
- 2020: Revenue of $301K, expenses of $249K, and assets of $1.0M (revenue +4.8% year-over-year).
- 2019: Revenue of $287K, expenses of $264K, and assets of $1.0M (revenue -7.5% year-over-year).
- 2018: Revenue of $311K, expenses of $288K, and assets of $994K (revenue -1.8% year-over-year).
- 2017: Revenue of $316K, expenses of $262K, and assets of $1.0M (revenue +12.8% year-over-year).
- 2016: Revenue of $280K, expenses of $230K, and assets of $959K (revenue +21.3% year-over-year).
- 2015: Revenue of $231K, expenses of $209K, and assets of $953K (revenue +99.1% year-over-year).
- 2014: Revenue of $116K, expenses of $222K, and assets of $939K (revenue -61.2% year-over-year).
- 2013: Revenue of $300K, expenses of $272K, and assets of $976K (revenue +18.6% year-over-year).
- 2012: Revenue of $253K, expenses of $220K, and assets of $973K (revenue +7.6% year-over-year).
- 2011: Revenue of $235K, expenses of $205K, and assets of $1.1M (revenue -18.7% year-over-year).
- 2010: Revenue of $289K, expenses of $250K, and assets of $700K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robbins Reef Yacht Club:
Data Sources and Methodology
This transparency report for Robbins Reef Yacht Club 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.