Selby Bay Yacht Club
EIN: 536009607 · Edgewater, MD
| Metric | Value |
|---|---|
| Total Revenue | $418K |
| Total Expenses | $423K |
| Net Assets | $-81,968 |
Is Selby Bay Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Selby Bay Yacht Club
Selby Bay Yacht Club (EIN: 536009607) is a nonprofit organization based in Edgewater, MD. The organization reported total revenue of $418K and total assets of $914K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Selby Bay Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Selby Bay Yacht Club is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $406K |
| Total Expenses | $423K |
| Surplus / Deficit | $-16,348 |
| Total Assets | $1.0M |
| Total Liabilities | $1.1M |
| Net Assets | $-81,968 |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 108.1% |
| Months of Reserves | 28.6 months |
Financial Health Grade: C
In 2023, Selby Bay Yacht Club reported a deficit of $16K with expenses exceeding revenue, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 108.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Selby Bay Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | +18.0% | -7.2% |
| 2022 | +7.0% | -2.1% | -0.6% |
| 2021 | +10.7% | -3.2% | -3.1% |
| 2020 | -6.2% | -2.7% | -6.8% |
| 2019 | +2.7% | +1.1% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Selby Bay Yacht Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Selby Bay Yacht Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.1%.
Frequently Asked Questions about Selby Bay Yacht Club
Is Selby Bay Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Selby Bay Yacht Club (EIN: 536009607) insufficient data. 0 red flags identified, 0 strengths noted.
How does Selby Bay Yacht Club spend its money?
Detailed spending breakdown data is not yet available for Selby Bay Yacht Club. Check back for updated IRS 990 analysis.
Are donations to Selby Bay Yacht Club tax-deductible?
Selby Bay Yacht Club is registered as a tax-exempt nonprofit (EIN: 536009607). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Selby Bay Yacht Club located?
Selby Bay Yacht Club is headquartered in Edgewater, Maryland and files with the IRS under EIN 536009607.
How many years of IRS 990 filings does Selby Bay Yacht Club have?
Selby Bay Yacht 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 $418K in total revenue.
Filing History
IRS 990 filing history for Selby Bay Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Selby Bay Yacht Club's revenue has grown by 30.6%, moving from $311K to $406K. Total assets increased by 8.3% over the same period, from $930K to $1.0M. Total functional expenses rose by 14.3%, from $370K to $423K. In its most recent filing year (2023), Selby Bay Yacht Club reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.0M in assets (debt-to-asset ratio: 108.1%), resulting in net assets of $-81,968.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $406K | $423K | $1.0M | $1.1M | — | View 990 |
| 2022 | $417K | $358K | $1.1M | $1.2M | — | View 990 |
| 2021 | $390K | $366K | $1.1M | $1.2M | — | — |
| 2020 | $352K | $378K | $1.1M | $1.3M | — | View 990 |
| 2019 | $375K | $388K | $1.2M | $1.3M | — | View 990 |
| 2018 | $366K | $384K | $1.3M | $1.4M | — | View 990 |
| 2017 | $335K | $386K | $1.4M | $1.4M | — | View 990 |
| 2016 | $329K | $359K | $1.4M | $1.5M | — | View 990 |
| 2015 | $340K | $325K | $782K | $791K | — | View 990 |
| 2014 | $318K | $327K | $823K | $847K | — | View 990 |
| 2013 | $305K | $318K | $877K | $892K | — | View 990 |
| 2012 | $379K | $340K | $931K | $933K | — | View 990 |
| 2011 | $311K | $370K | $930K | $971K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $406K, expenses of $423K, and assets of $1.0M (revenue -2.6% year-over-year).
- 2022: Revenue of $417K, expenses of $358K, and assets of $1.1M (revenue +7.0% year-over-year).
- 2021: Revenue of $390K, expenses of $366K, and assets of $1.1M (revenue +10.7% year-over-year).
- 2020: Revenue of $352K, expenses of $378K, and assets of $1.1M (revenue -6.2% year-over-year).
- 2019: Revenue of $375K, expenses of $388K, and assets of $1.2M (revenue +2.7% year-over-year).
- 2018: Revenue of $366K, expenses of $384K, and assets of $1.3M (revenue +9.2% year-over-year).
- 2017: Revenue of $335K, expenses of $386K, and assets of $1.4M (revenue +1.8% year-over-year).
- 2016: Revenue of $329K, expenses of $359K, and assets of $1.4M (revenue -3.3% year-over-year).
- 2015: Revenue of $340K, expenses of $325K, and assets of $782K (revenue +6.8% year-over-year).
- 2014: Revenue of $318K, expenses of $327K, and assets of $823K (revenue +4.3% year-over-year).
- 2013: Revenue of $305K, expenses of $318K, and assets of $877K (revenue -19.5% year-over-year).
- 2012: Revenue of $379K, expenses of $340K, and assets of $931K (revenue +21.8% year-over-year).
- 2011: Revenue of $311K, expenses of $370K, and assets of $930K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Selby Bay Yacht Club:
Data Sources and Methodology
This transparency report for Selby Bay 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.