Rockport Boat Club
Rockport Boat Club maintains strong financial health with consistent asset growth and zero executive compensation.
EIN: 10323145 · Camden, ME · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $156K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $169K |
| Transparency Score | 95/100 |
Is Rockport Boat Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rockport Boat Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rockport Boat Club
Rockport Boat Club (EIN: 10323145) is a nonprofit organization based in Camden, ME, classified under NTEE code N67. The organization reported total revenue of $152K and total assets of $169K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockport Boat Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rockport Boat Club is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $156K |
| Surplus / Deficit | $-8,167 |
| Total Assets | $169K |
| Net Assets | $169K |
| Operating Margin | -5.5% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2023, Rockport Boat Club reported a deficit of $8K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Rockport Boat Club's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.0% | +3.6% | -1.4% |
| 2022 | +18.7% | +37.0% | -7.7% |
| 2021 | +9.9% | -9.4% | +16.7% |
| 2020 | -0.3% | +22.1% | -1.7% |
| 2019 | +0.5% | +12.5% | +20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2009 |
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 Rockport Boat Club with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Rockport Boat Club allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries, which is highly unusual for an organization with revenues exceeding $100,000 annually.
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 Rockport Boat Club's IRS 990 filings:
- Slight deficit in the most recent fiscal period (202312), with expenses exceeding revenue by $8,167.
Strengths
The following positive indicators were identified for Rockport Boat Club:
- Consistent asset growth over the past decade, from $93,307 in 2015 to $169,354 in 2023.
- Zero liabilities reported across all available filings, indicating strong financial stability.
- 0% officer compensation reported consistently, suggesting high efficiency in directing funds to mission.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Revenue generally exceeds expenses, contributing to a healthy financial reserve.
Frequently Asked Questions about Rockport Boat Club
Is Rockport Boat Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Rockport Boat Club (EIN: 10323145) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Rockport Boat Club spend its money?
Rockport Boat Club directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rockport Boat Club tax-deductible?
Rockport Boat Club is registered as a tax-exempt nonprofit (EIN: 10323145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rockport Boat Club CEO make?
Rockport Boat Club's highest-compensated officer earns $100,000 annually. The organization reported $152K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Rockport Boat Club compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Rockport Boat Club is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rockport Boat Club located?
Rockport Boat Club is headquartered in Camden, Maine and files with the IRS under EIN 10323145. It is classified under NTEE code N67.
How many years of IRS 990 filings does Rockport Boat Club have?
Rockport Boat Club 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 $152K in total revenue.
Is Rockport Boat Club a good charity?
Based on its financial data, Rockport Boat Club appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to directing all funds towards its mission by reporting 0% officer compensation.
How does Rockport Boat Club manage its finances?
The organization manages its finances prudently, consistently growing its assets (from $93,307 in 2015 to $169,354 in 2023) and maintaining $0 in liabilities across all reported periods. While there was a slight deficit in 2023 ($147,360 revenue vs. $155,527 expenses), this is an exception to a trend of revenues generally exceeding expenses.
What is Rockport Boat Club's spending efficiency?
Rockport Boat Club exhibits excellent spending efficiency, as evidenced by its consistent 0% officer compensation. This suggests that nearly all expenditures are directed towards program activities and essential administrative functions, maximizing the impact of its revenue.
Filing History
IRS 990 filing history for Rockport Boat Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rockport Boat Club's revenue has grown by 129.4%, moving from $64K to $147K. Total assets increased by 42.6% over the same period, from $119K to $169K. Total functional expenses rose by 111.1%, from $74K to $156K. In its most recent filing year (2023), Rockport Boat Club reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $156K | $169K | $0 | — | — |
| 2022 | $150K | $150K | $172K | $0 | — | View 990 |
| 2021 | $127K | $110K | $186K | $0 | — | View 990 |
| 2020 | $115K | $121K | $159K | $0 | — | View 990 |
| 2019 | $116K | $99K | $162K | $0 | — | View 990 |
| 2018 | $115K | $88K | $135K | $0 | — | View 990 |
| 2017 | $107K | $109K | $116K | $0 | — | — |
| 2016 | $93K | $81K | $113K | $0 | — | View 990 |
| 2015 | $83K | $95K | $93K | $0 | — | View 990 |
| 2014 | $80K | $77K | $110K | $0 | — | View 990 |
| 2013 | $72K | $78K | $107K | $0 | — | View 990 |
| 2012 | $68K | $73K | $113K | $0 | — | View 990 |
| 2011 | $64K | $74K | $119K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $156K, and assets of $169K (revenue -2.0% year-over-year).
- 2022: Revenue of $150K, expenses of $150K, and assets of $172K (revenue +18.7% year-over-year).
- 2021: Revenue of $127K, expenses of $110K, and assets of $186K (revenue +9.9% year-over-year).
- 2020: Revenue of $115K, expenses of $121K, and assets of $159K (revenue -0.3% year-over-year).
- 2019: Revenue of $116K, expenses of $99K, and assets of $162K (revenue +0.5% year-over-year).
- 2018: Revenue of $115K, expenses of $88K, and assets of $135K (revenue +7.9% year-over-year).
- 2017: Revenue of $107K, expenses of $109K, and assets of $116K (revenue +14.3% year-over-year).
- 2016: Revenue of $93K, expenses of $81K, and assets of $113K (revenue +11.9% year-over-year).
- 2015: Revenue of $83K, expenses of $95K, and assets of $93K (revenue +4.0% year-over-year).
- 2014: Revenue of $80K, expenses of $77K, and assets of $110K (revenue +11.0% year-over-year).
- 2013: Revenue of $72K, expenses of $78K, and assets of $107K (revenue +6.3% year-over-year).
- 2012: Revenue of $68K, expenses of $73K, and assets of $113K (revenue +5.8% year-over-year).
- 2011: Revenue of $64K, expenses of $74K, and assets of $119K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rockport Boat Club:
Data Sources and Methodology
This transparency report for Rockport Boat 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.