Sea Cliff Yacht Club Ltd
Sea Cliff Yacht Club Ltd shows fluctuating financial performance with consistent revenue and high liabilities.
EIN: 111520517 · Sea Cliff, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| Net Assets | $-459,513 |
| Transparency Score | 65/100 |
Is Sea Cliff Yacht Club Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sea Cliff Yacht Club Ltd directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sea Cliff Yacht Club Ltd
Sea Cliff Yacht Club Ltd (EIN: 111520517) is a nonprofit organization based in Sea Cliff, NY. The organization reported total revenue of $3.1M and total assets of $686K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sea Cliff Yacht Club Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sea Cliff Yacht Club Ltd is a mid-size nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$341K |
| Total Assets | $718K |
| Total Liabilities | $1.2M |
| Net Assets | $-459,513 |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 164.0% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Sea Cliff Yacht Club Ltd reported a surplus of $341K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 164.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Sea Cliff Yacht Club Ltd's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.8% | +10.7% | +51.3% |
| 2022 | +6.8% | +3.8% | +12.0% |
| 2021 | +29.2% | +9.8% | -16.8% |
| 2020 | -15.2% | +3.5% | +64.1% |
| 2019 | +5.5% | -49.9% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Sea Cliff Yacht Club Ltd 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sea Cliff Yacht Club Ltd 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 $341K, with revenue exceeding expenses.
- Debt-to-asset ratio: 164.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that officers are likely volunteers or compensated through non-officer channels, which is a positive for cost efficiency relative to the organization's size and revenue.
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 Sea Cliff Yacht Club Ltd's IRS 990 filings:
- Liabilities consistently exceed assets in recent years, indicating potential financial strain or significant debt.
- Significant fluctuations in asset values over the years without clear explanation in the summary data (e.g., drop from $2.4M in 2016 to $313K in 2018).
- NTEE code is unknown, which limits the ability to benchmark against similar organizations and understand its primary purpose from a regulatory perspective.
Strengths
The following positive indicators were identified for Sea Cliff Yacht Club Ltd:
- Consistent revenue generation, with latest revenue at $2,576,476 in 2023.
- 0% reported officer compensation across all filings, suggesting volunteer leadership or efficient compensation structures.
- Consistent filing of IRS Form 990, indicating transparency in financial reporting.
Frequently Asked Questions about Sea Cliff Yacht Club Ltd
Is Sea Cliff Yacht Club Ltd a legitimate charity?
Sea Cliff Yacht Club Ltd (EIN: 111520517) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Sea Cliff Yacht Club Ltd spend its money?
Sea Cliff Yacht Club Ltd directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sea Cliff Yacht Club Ltd tax-deductible?
Sea Cliff Yacht Club Ltd is registered as a tax-exempt nonprofit (EIN: 111520517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sea Cliff Yacht Club Ltd's spending goes to programs?
Sea Cliff Yacht Club Ltd directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sea Cliff Yacht Club Ltd located?
Sea Cliff Yacht Club Ltd is headquartered in Sea Cliff, New York and files with the IRS under EIN 111520517.
How many years of IRS 990 filings does Sea Cliff Yacht Club Ltd have?
Sea Cliff Yacht Club Ltd 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 $3.1M in total revenue.
What is the NTEE code for Sea Cliff Yacht Club Ltd?
The NTEE code for Sea Cliff Yacht Club Ltd is currently unknown based on the provided data, which limits a precise classification of its charitable purpose.
Why are liabilities consistently higher than assets for Sea Cliff Yacht Club Ltd?
Liabilities have consistently exceeded assets in recent years (e.g., $1,177,851 liabilities vs. $718,338 assets in 2023). This could indicate significant debt, deferred revenue from membership dues, or other obligations that are common for member-based organizations.
How does Sea Cliff Yacht Club Ltd manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the club's leadership roles are likely filled by volunteers, or any compensation is categorized differently within the 990 filing, such as general salaries and wages, rather than specific officer compensation.
What caused the significant drop in assets between 2016 ($2,406,447) and 2017 ($2,365,789) and then again to 2018 ($313,716)?
There was a substantial decrease in assets from $2,406,447 in 2016 to $313,716 in 2018. This could be due to the sale of significant assets, reclassification of assets, or substantial depreciation, which would warrant further investigation into the detailed financial statements.
Filing History
IRS 990 filing history for Sea Cliff Yacht Club Ltd showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sea Cliff Yacht Club Ltd's revenue has grown by 115.1%, moving from $1.2M to $2.6M. Total assets decreased by 68.2% over the same period, from $2.3M to $718K. Total functional expenses rose by 107.1%, from $1.1M to $2.2M. In its most recent filing year (2023), Sea Cliff Yacht Club Ltd reported a surplus of $341K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $718K in assets (debt-to-asset ratio: 164.0%), resulting in net assets of $-459,513.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.2M | $718K | $1.2M | — | — |
| 2022 | $2.0M | $2.0M | $475K | $1.3M | — | View 990 |
| 2021 | $1.9M | $1.9M | $424K | $1.2M | — | View 990 |
| 2020 | $1.5M | $1.8M | $509K | $1.3M | — | — |
| 2019 | $1.7M | $1.7M | $311K | $742K | — | View 990 |
| 2018 | $1.6M | $3.4M | $314K | $755K | — | View 990 |
| 2017 | $1.4M | $1.4M | $2.4M | $1.0M | — | View 990 |
| 2016 | $1.4M | $1.4M | $2.4M | $1.0M | — | View 990 |
| 2015 | $1.5M | $1.5M | $2.4M | $1.1M | — | View 990 |
| 2014 | $1.5M | $1.5M | $2.5M | $1.1M | — | View 990 |
| 2013 | $1.5M | $1.6M | $2.5M | $1.1M | — | View 990 |
| 2012 | $1.6M | $1.5M | $2.6M | $1.0M | — | View 990 |
| 2011 | $1.5M | $1.2M | $2.4M | $1.0M | — | View 990 |
| 2010 | $1.2M | $1.1M | $2.3M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.2M, and assets of $718K (revenue +27.8% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $475K (revenue +6.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.9M, and assets of $424K (revenue +29.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.8M, and assets of $509K (revenue -15.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $311K (revenue +5.5% year-over-year).
- 2018: Revenue of $1.6M, expenses of $3.4M, and assets of $314K (revenue +16.0% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $2.4M (revenue -1.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $2.4M (revenue -3.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $2.4M (revenue +1.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $2.5M (revenue -4.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $2.5M (revenue -6.6% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $2.6M (revenue +12.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.2M, and assets of $2.4M (revenue +21.1% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.1M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sea Cliff Yacht Club Ltd:
Data Sources and Methodology
This transparency report for Sea Cliff Yacht Club Ltd 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.