Shark River Beach & Yacht Club

Shark River Beach & Yacht Club consistently generates surpluses and grows assets with no reported officer compensation.

EIN: 210715941 · Neptune, NJ · Updated: 2026-03-28

$706KRevenue

$4.5MAssets

90/100Mission Score (Excellent)

About Shark River Beach & Yacht Club

Shark River Beach & Yacht Club (EIN: 210715941) is a nonprofit organization based in Neptune, NJ. The organization reported total revenue of $706K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shark River Beach & Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Shark River Beach & Yacht Club demonstrates consistent financial stability and growth in assets over the past decade. In the latest filing (202312), the organization reported revenues of $682,553 against expenses of $432,005, indicating a healthy surplus. Its assets have steadily increased from $2,012,354 in 2014 to $4,292,876 in 2023, suggesting effective asset management and financial planning. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust.

The organization's spending efficiency appears strong, with expenses consistently lower than revenues, leading to asset accumulation. For instance, in 2023, expenses were approximately 63% of revenue. The absence of reported officer compensation further enhances its spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending allocation is challenging. The consistent growth in assets and positive net income trends suggest a well-managed financial operation.

Transparency is generally good, with consistent annual filings available. The clear reporting of 0% officer compensation is a significant positive. However, the lack of an NTEE code makes it difficult to benchmark against similar organizations, and without a detailed functional expense breakdown, it's challenging to fully understand how funds are allocated across programs, administration, and fundraising. Despite this, the overall financial health appears robust, with a strong balance sheet and consistent operational surpluses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Shark River Beach & Yacht Club with a Mission Score of 90 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: 85%
fundraising: 5%

According to IRS 990 filings, Shark River Beach & Yacht Club allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets exceeding $4 million.

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 Shark River Beach & Yacht Club's IRS 990 filings:

NTEE Code is unknown, making peer comparison difficult
Detailed functional expense breakdown (program, admin, fundraising) not provided in summary data

Strengths

The following positive indicators were identified for Shark River Beach & Yacht Club:

Consistent financial surpluses, with revenues exceeding expenses in most years.
Strong asset growth, increasing from $2.0M in 2014 to $4.3M in 2023.
0% officer compensation reported, indicating volunteer leadership and efficient use of funds.
Healthy financial reserves, with assets significantly exceeding liabilities (e.g., $4.29M assets vs. $0.94M liabilities in 2023).

Frequently Asked Questions about Shark River Beach & Yacht Club

Is Shark River Beach & Yacht Club financially stable?

Yes, the organization is financially stable, consistently reporting revenues exceeding expenses and showing steady asset growth from $2,012,354 in 2014 to $4,292,876 in 2023.

Does Shark River Beach & Yacht Club pay its officers?

No, all available IRS 990 filings indicate 0% officer compensation, suggesting a volunteer-led organization.

How has the organization's revenue trended over time?

Revenue has shown a positive trend, increasing from $362,634 in 2014 to $682,553 in 2023, with some fluctuations but an overall upward trajectory.

Filing History

IRS 990 filing history for Shark River Beach & Yacht Club showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Shark River Beach & Yacht Club's revenue has grown by 159%, moving from $264K to $683K. Total assets increased by 228.8% over the same period, from $1.3M to $4.3M. Total functional expenses rose by 15%, from $376K to $432K. In its most recent filing year (2023), Shark River Beach & Yacht Club reported a surplus of $251K, with revenue exceeding expenses. The organization holds $936K in liabilities against $4.3M in assets (debt-to-asset ratio: 21.8%), resulting in net assets of $3.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$683K	$432K	$4.3M	$936K	—	—
2022	$726K	$445K	$4.1M	$997K	—	—
2021	$549K	$322K	$3.9M	$1.1M	—	View 990
2020	$471K	$240K	$3.7M	$1.1M	—	—
2019	$420K	$241K	$3.5M	$1.1M	—	View 990
2018	$452K	$418K	$3.3M	$1.2M	—	View 990
2017	$416K	$470K	$3.3M	$1.2M	—	View 990
2016	$374K	$351K	$3.3M	$1.4M	—	View 990
2015	$381K	$372K	$2.7M	$810K	—	View 990
2014	$363K	$232K	$2.0M	$112K	—	View 990
2013	$1.4M	$420K	$1.8M	$20K	—	View 990
2012	$287K	$784K	$785K	$20K	—	View 990
2011	$264K	$376K	$1.3M	$112K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $683K, expenses of $432K, and assets of $4.3M (revenue -6.0% year-over-year).
2022: Revenue of $726K, expenses of $445K, and assets of $4.1M (revenue +32.3% year-over-year).
2021: Revenue of $549K, expenses of $322K, and assets of $3.9M (revenue +16.5% year-over-year).
2020: Revenue of $471K, expenses of $240K, and assets of $3.7M (revenue +12.2% year-over-year).
2019: Revenue of $420K, expenses of $241K, and assets of $3.5M (revenue -7.0% year-over-year).
2018: Revenue of $452K, expenses of $418K, and assets of $3.3M (revenue +8.6% year-over-year).
2017: Revenue of $416K, expenses of $470K, and assets of $3.3M (revenue +11.2% year-over-year).
2016: Revenue of $374K, expenses of $351K, and assets of $3.3M (revenue -1.8% year-over-year).
2015: Revenue of $381K, expenses of $372K, and assets of $2.7M (revenue +5.0% year-over-year).
2014: Revenue of $363K, expenses of $232K, and assets of $2.0M (revenue -74.5% year-over-year).
2013: Revenue of $1.4M, expenses of $420K, and assets of $1.8M (revenue +395.8% year-over-year).
2012: Revenue of $287K, expenses of $784K, and assets of $785K (revenue +9.0% year-over-year).
2011: Revenue of $264K, expenses of $376K, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Shark River Beach & 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.