Seawanhaka Corinthian Yacht Club
Seawanhaka Corinthian Yacht Club shows consistent revenue and asset growth, with no reported officer compensation.
EIN: 111310150 · Oyster Bay, NY · Updated: 2026-03-28
Source Check Matrix
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Identity resolved verified
Seawanhaka Corinthian Yacht Club is mapped to EIN 111310150.
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14 stored filing years available.
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80% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $6.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.8M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Seawanhaka Corinthian Yacht Club Form 990, Revenue, CEO Pay, and IRS Filing Signals
Seawanhaka Corinthian Yacht Club is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Seawanhaka Corinthian Yacht Club in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $5.8M and expenses of $6.1M.
Revenue and Expenses
Seawanhaka Corinthian Yacht Club reported $5.8M in revenue and $6.1M in expenses, a deficit of $275K.
Executive Compensation
Top officer compensation appears as $5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Seawanhaka Corinthian Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4.9M (80%) |
Across stored filings, Seawanhaka Corinthian Yacht Club shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
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Oyster Bay, NY nonprofitsFollow the Money
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Seawanhaka Corinthian Yacht Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seawanhaka Corinthian Yacht Club
Seawanhaka Corinthian Yacht Club (EIN: 111310150) is a nonprofit organization based in Oyster Bay, NY. The organization reported total revenue of $7.6M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seawanhaka Corinthian Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seawanhaka Corinthian Yacht Club is a mid-size nonprofit that has been operating for 92 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-275,414 |
| Total Assets | $7.0M |
| Total Liabilities | $2.2M |
| Net Assets | $4.8M |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 31.5% |
| Months of Reserves | 13.8 months |
Financial Health Grade: B
In 2023, Seawanhaka Corinthian Yacht Club reported a deficit of $275K with expenses exceeding revenue, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 31.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Seawanhaka Corinthian Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +9.4% | -2.5% |
| 2022 | -0.3% | +2.2% | +4.3% |
| 2021 | +22.1% | +28.0% | +3.0% |
| 2020 | -12.5% | -15.9% | +10.2% |
| 2019 | -2.1% | +2.9% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
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 Seawanhaka Corinthian Yacht 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: 80%
- fundraising: 5%
According to IRS 990 filings, Seawanhaka Corinthian Yacht Club 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 deficit of $275K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with revenues exceeding $5 million annually. This could imply a fully volunteer executive leadership or that compensation is categorized differently, requiring further detail for a complete understanding of executive remuneration practices.
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 Seawanhaka Corinthian Yacht Club's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation reported, which may obscure executive remuneration if it's categorized elsewhere
Strengths
The following positive indicators were identified for Seawanhaka Corinthian Yacht Club:
- Consistent revenue generation over a decade, averaging over $5 million annually.
- Steady growth in assets, from $4.2 million in 2014 to $7 million in 2023, indicating financial stability.
- Generally balanced budgets with revenues often exceeding expenses, demonstrating operational efficiency.
- Low liabilities relative to assets, suggesting good financial health.
Frequently Asked Questions about Seawanhaka Corinthian Yacht Club
Is Seawanhaka Corinthian Yacht Club a legitimate charity?
Seawanhaka Corinthian Yacht Club (EIN: 111310150) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Seawanhaka Corinthian Yacht Club spend its money?
Seawanhaka Corinthian Yacht Club directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seawanhaka Corinthian Yacht Club tax-deductible?
Seawanhaka Corinthian Yacht Club is registered as a tax-exempt nonprofit (EIN: 111310150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seawanhaka Corinthian Yacht Club CEO make?
Seawanhaka Corinthian Yacht Club's highest-compensated officer earns $5 annually. The organization reported $7.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seawanhaka Corinthian Yacht Club's spending goes to programs?
Seawanhaka Corinthian Yacht Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Seawanhaka Corinthian Yacht Club located?
Seawanhaka Corinthian Yacht Club is headquartered in Oyster Bay, New York and files with the IRS under EIN 111310150.
How many years of IRS 990 filings does Seawanhaka Corinthian Yacht Club have?
Seawanhaka Corinthian 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 $7.6M in total revenue.
Why is officer compensation consistently reported as 0% across all filings?
The IRS 990 filings for Seawanhaka Corinthian Yacht Club consistently show 0% officer compensation. This could indicate that executive leadership is entirely volunteer-based, or that compensation is reported under different expense categories, which would require a deeper dive into the detailed expense schedules to clarify.
What is the primary source of the club's revenue?
While the filings show total revenue, the specific breakdown of revenue sources (e.g., membership dues, event fees, donations) is not detailed in the provided summary. Further analysis of the full IRS 990 forms would be needed to identify the primary revenue streams.
How does the club manage its liabilities, which have fluctuated over the years?
Liabilities have varied, for example, from $2,079,492 in 2014 to $2,205,328 in 2023. While they have fluctuated, they remain a manageable portion of the organization's growing assets, suggesting a stable approach to debt and financial obligations.
Filing History
IRS 990 filing history for Seawanhaka Corinthian Yacht Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Seawanhaka Corinthian Yacht Club's revenue has grown by 35.3%, moving from $4.3M to $5.8M. Total assets increased by 92.2% over the same period, from $3.6M to $7.0M. Total functional expenses rose by 46.9%, from $4.1M to $6.1M. In its most recent filing year (2023), Seawanhaka Corinthian Yacht Club reported a deficit of $275K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $7.0M in assets (debt-to-asset ratio: 31.5%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $6.1M | $7.0M | $2.2M | — | — |
| 2022 | $5.6M | $5.5M | $7.2M | $2.1M | — | View 990 |
| 2021 | $5.7M | $5.4M | $6.9M | $1.9M | — | View 990 |
| 2020 | $4.6M | $4.2M | $6.7M | $1.9M | — | View 990 |
| 2019 | $5.3M | $5.0M | $6.1M | $1.7M | — | — |
| 2018 | $5.4M | $4.9M | $5.7M | $1.7M | — | View 990 |
| 2017 | $5.7M | $4.9M | $5.3M | $1.7M | — | View 990 |
| 2016 | $5.3M | $4.9M | $4.8M | $2.0M | — | View 990 |
| 2015 | $4.9M | $4.6M | $4.6M | $2.2M | — | View 990 |
| 2014 | $5.0M | $4.8M | $4.2M | $2.1M | — | View 990 |
| 2013 | $4.9M | $4.9M | $4.0M | $2.1M | — | View 990 |
| 2012 | $4.6M | $4.8M | $4.0M | $2.0M | — | View 990 |
| 2011 | $4.9M | $4.5M | $3.9M | $1.9M | — | View 990 |
| 2010 | $4.3M | $4.1M | $3.6M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $6.1M, and assets of $7.0M (revenue +2.7% year-over-year).
- 2022: Revenue of $5.6M, expenses of $5.5M, and assets of $7.2M (revenue -0.3% year-over-year).
- 2021: Revenue of $5.7M, expenses of $5.4M, and assets of $6.9M (revenue +22.1% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.2M, and assets of $6.7M (revenue -12.5% year-over-year).
- 2019: Revenue of $5.3M, expenses of $5.0M, and assets of $6.1M (revenue -2.1% year-over-year).
- 2018: Revenue of $5.4M, expenses of $4.9M, and assets of $5.7M (revenue -4.4% year-over-year).
- 2017: Revenue of $5.7M, expenses of $4.9M, and assets of $5.3M (revenue +7.8% year-over-year).
- 2016: Revenue of $5.3M, expenses of $4.9M, and assets of $4.8M (revenue +8.1% year-over-year).
- 2015: Revenue of $4.9M, expenses of $4.6M, and assets of $4.6M (revenue -3.1% year-over-year).
- 2014: Revenue of $5.0M, expenses of $4.8M, and assets of $4.2M (revenue +3.0% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.9M, and assets of $4.0M (revenue +5.2% year-over-year).
- 2012: Revenue of $4.6M, expenses of $4.8M, and assets of $4.0M (revenue -5.1% year-over-year).
- 2011: Revenue of $4.9M, expenses of $4.5M, and assets of $3.9M (revenue +13.9% year-over-year).
- 2010: Revenue of $4.3M, expenses of $4.1M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seawanhaka Corinthian Yacht Club:
Data Sources and Methodology
This transparency report for Seawanhaka Corinthian 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.