Seaside Italian American Club
Seaside Italian American Club: Community Hub with Financial Fluctuations
EIN: 222137976 · Seaside Hgts, NJ · NTEE: P20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $224K |
| Total Expenses | $119K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $177K |
| Transparency Score | 75/100 |
Is Seaside Italian American Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seaside Italian American Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Seaside Italian American Club
Seaside Italian American Club (EIN: 222137976) is a nonprofit organization based in Seaside Hgts, NJ, classified under NTEE code P20. The organization reported total revenue of $224K and total assets of $343K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seaside Italian American Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seaside Italian American Club is a small nonprofit that has been operating for 7 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $119K |
| Surplus / Deficit | +$12K |
| Total Assets | $315K |
| Total Liabilities | $139K |
| Net Assets | $177K |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 43.9% |
| Months of Reserves | 31.7 months |
Financial Health Grade: A
In 2023, Seaside Italian American Club reported a surplus of $12K with revenue exceeding expenses, holds 31.7 months of operating reserves (strong position), has a debt-to-asset ratio of 43.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Seaside Italian American Club's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.9% | -1.7% | +1.8% |
| 2022 | -22.4% | +30.3% | +70.4% |
| 2021 | +167.6% | +58.6% | — |
| 2020 | -67.5% | -63.5% | -100.0% |
| 2018 | +5.4% | -12.2% | +14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Seaside Italian American Club with a Mission Score of 75 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: 70%
- fundraising: 15%
According to IRS 990 filings, Seaside Italian American Club allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.9%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-driven leadership or compensation levels below IRS reporting thresholds.
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 Seaside Italian American Club's IRS 990 filings:
- Significant fluctuations in revenue and expenses year-over-year, such as revenue dropping from $172,831 in 2021 to $134,031 in 2022, warrant further investigation into financial stability.
- The absence of detailed spending breakdowns (programs, admin, fundraising) makes it difficult to assess the efficiency of resource allocation.
- A substantial increase in assets from $0 in 2020 to $181,916 in 2021, followed by continued growth, suggests significant asset acquisition or revaluation without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Seaside Italian American Club:
- Consistent filing of financial data demonstrates a commitment to transparency.
- The reported $0 executive compensation suggests a strong volunteer base and dedication to mission without high overhead for leadership salaries.
- The organization has maintained a presence and continued operations over many years, indicating community resilience and support.
Frequently Asked Questions about Seaside Italian American Club
Is Seaside Italian American Club a legitimate charity?
Seaside Italian American Club (EIN: 222137976) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $224K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Seaside Italian American Club spend its money?
Seaside Italian American Club directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Seaside Italian American Club tax-deductible?
Seaside Italian American Club is registered as a tax-exempt nonprofit (EIN: 222137976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seaside Italian American Club CEO make?
Seaside Italian American Club's highest-compensated officer earns $0 annually. The organization reported $224K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seaside Italian American Club's spending goes to programs?
Seaside Italian American Club directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Seaside Italian American Club compare to similar nonprofits?
With a transparency score of 75/100 (Good), Seaside Italian American Club is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seaside Italian American Club located?
Seaside Italian American Club is headquartered in Seaside Hgts, New Jersey and files with the IRS under EIN 222137976. It is classified under NTEE code P20.
How many years of IRS 990 filings does Seaside Italian American Club have?
Seaside Italian American Club has 12 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 $224K in total revenue.
What does Seaside Italian American Club do?
Seaside Italian American Club is a nonprofit organization in the Human Services sector, located in Seaside Hgts, New Jersey. It is classified under NTEE code P20.
How much revenue does Seaside Italian American Club have?
Seaside Italian American Club reported total revenue of $224,380. Based on 12 IRS 990 filings on record.
What are Seaside Italian American Club's total assets?
Seaside Italian American Club holds total assets of $343,415 as reported in IRS 990 filings.
Where is Seaside Italian American Club located?
Seaside Italian American Club is based in Seaside Hgts, New Jersey.
What is Seaside Italian American Club's EIN?
Seaside Italian American Club's Employer Identification Number (EIN) is 222137976. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Seaside Italian American Club?
Seaside Italian American Club is classified under NTEE code P20 (Human Services).
Is Seaside Italian American Club a registered 501(c)(3)?
Yes, Seaside Italian American Club is recognized as a tax-exempt organization by the IRS. EIN: 222137976.
Does Seaside Italian American Club file IRS Form 990?
Yes, Seaside Italian American Club has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Seaside Italian American Club's revenue in 2023?
In the 202312 filing period, Seaside Italian American Club reported total revenue of $131,450, total expenses of $119,317, and net assets of $315,488.
Is Seaside Italian American Club's revenue growing or declining?
Seaside Italian American Club's revenue is relatively stable. Revenue went from $134,031 (202212) to $131,450 (202312), a -1.9% change. Based on 12 filings on record.
What is Seaside Italian American Club's most recent 990 filing?
The most recent IRS Form 990 filing for Seaside Italian American Club covers tax period 202312. It shows revenue of $131,450, expenses of $119,317, total assets of $315,488, and liabilities of $138,646.
How much does Seaside Italian American Club spend on programs vs administration?
Based on IRS 990 analysis, Seaside Italian American Club allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Seaside Italian American Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Seaside Italian American Club appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Seaside Italian American Club?
The following concerns were identified: Significant fluctuations in revenue and expenses year-over-year, such as revenue dropping from $172,831 in 2021 to $134,031 in 2022, warrant further investigation into financial stability.. The absence of detailed spending breakdowns (programs, admin, fundraising) makes it difficult to assess the efficiency of resource allocation.. A substantial increase in assets from $0 in 2020 to $181,916 in 2021, followed by continued growth, suggests significant asset acquisition or revaluation without clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Seaside Italian American Club's strengths?
Positive indicators for Seaside Italian American Club include: Consistent filing of financial data demonstrates a commitment to transparency.. The reported $0 executive compensation suggests a strong volunteer base and dedication to mission without high overhead for leadership salaries.. The organization has maintained a presence and continued operations over many years, indicating community resilience and support.. These findings are derived from AI analysis of the organization's financial filings.
How does Seaside Italian American Club compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-driven leadership or compensation levels below IRS reporting thresholds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% compensation, how does the organization sustain its operations and leadership, and what are the potential implications for long-term stability and growth?
The 0% compensation suggests a reliance on volunteer efforts for all leadership and operational roles. While this can minimize overhead, it may pose challenges for professionalizing operations, attracting specialized skills, and ensuring leadership continuity without formal compensation structures.
What factors contributed to the significant increase in assets from $0 in 2020 to $181,916 in 2021, and how are these assets being utilized to further the organization's mission?
The sudden jump in assets from $0 to $181,916 in 2021, and subsequent growth, could be due to a major donation, property acquisition, or a change in accounting practices. Understanding the nature and use of these assets is crucial to assess their impact on the club's mission and future capacity.
Filing History
IRS 990 filing history for Seaside Italian American Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Seaside Italian American Club's revenue has grown by 97.5%, moving from $67K to $131K. Total assets increased by 242.7% over the same period, from $92K to $315K. Total functional expenses rose by 70.7%, from $70K to $119K. In its most recent filing year (2023), Seaside Italian American Club reported a surplus of $12K, with revenue exceeding expenses. The organization holds $139K in liabilities against $315K in assets (debt-to-asset ratio: 43.9%), resulting in net assets of $177K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $119K | $315K | $139K | — | View 990 |
| 2022 | $134K | $121K | $310K | $145K | — | View 990 |
| 2021 | $173K | $93K | $182K | $132K | — | View 990 |
| 2020 | $65K | $59K | $0 | $0 | — | — |
| 2018 | $199K | $161K | $242K | $178K | — | View 990 |
| 2017 | $189K | $183K | $211K | $185K | — | View 990 |
| 2016 | $110K | $150K | $143K | $121K | — | — |
| 2015 | $118K | $35K | $264K | $202K | — | View 990 |
| 2014 | $85K | $132K | $105K | $126K | — | View 990 |
| 2013 | $32K | $108K | $97K | $108K | — | View 990 |
| 2012 | $66K | $92K | $65K | $0 | — | View 990 |
| 2011 | $67K | $70K | $92K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $119K, and assets of $315K (revenue -1.9% year-over-year).
- 2022: Revenue of $134K, expenses of $121K, and assets of $310K (revenue -22.4% year-over-year).
- 2021: Revenue of $173K, expenses of $93K, and assets of $182K (revenue +167.6% year-over-year).
- 2020: Revenue of $65K, expenses of $59K, and assets of $0 (revenue -67.5% year-over-year).
- 2018: Revenue of $199K, expenses of $161K, and assets of $242K (revenue +5.4% year-over-year).
- 2017: Revenue of $189K, expenses of $183K, and assets of $211K (revenue +72.0% year-over-year).
- 2016: Revenue of $110K, expenses of $150K, and assets of $143K (revenue -7.4% year-over-year).
- 2015: Revenue of $118K, expenses of $35K, and assets of $264K (revenue +38.6% year-over-year).
- 2014: Revenue of $85K, expenses of $132K, and assets of $105K (revenue +165.8% year-over-year).
- 2013: Revenue of $32K, expenses of $108K, and assets of $97K (revenue -51.4% year-over-year).
- 2012: Revenue of $66K, expenses of $92K, and assets of $65K (revenue -0.7% year-over-year).
- 2011: Revenue of $67K, expenses of $70K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seaside Italian American Club:
Data Sources and Methodology
This transparency report for Seaside Italian American 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.