Shelter Island Yacht Club
Shelter Island Yacht Club maintains consistent financial health with zero reported officer compensation.
EIN: 111323110 · Shelter Is Ht, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $3.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $4.4M |
| Transparency Score | 80/100 |
Is Shelter Island Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shelter Island Yacht Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shelter Island Yacht Club
Shelter Island Yacht Club (EIN: 111323110) is a nonprofit organization based in Shelter Is Ht, NY. The organization reported total revenue of $5.6M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shelter Island Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shelter Island Yacht Club is a mid-size nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$200K |
| Total Assets | $4.6M |
| Total Liabilities | $177K |
| Net Assets | $4.4M |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 17.3 months |
Financial Health Grade: A
In 2023, Shelter Island Yacht Club reported a surplus of $200K with revenue exceeding expenses, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shelter Island Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.8% | +5.6% | +4.5% |
| 2022 | +1.4% | +14.5% | +0.3% |
| 2021 | +10.1% | +13.6% | +7.0% |
| 2020 | +12.2% | +0.3% | +12.5% |
| 2019 | +8.5% | +6.5% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Shelter Island Yacht Club with a Mission Score of 80 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, Shelter Island 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $200K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a purely volunteer basis or is compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of its size with over $3 million in annual expenses.
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 Shelter Island Yacht Club's IRS 990 filings:
- Lack of detailed program spending breakdown in summary data
- Consistent 0% officer compensation for an organization with multi-million dollar revenues and expenses, which could mask compensation in other categories or indicate an unusual operational structure.
Strengths
The following positive indicators were identified for Shelter Island Yacht Club:
- Consistent revenue growth over the past decade, from $1.9M in 2014 to $3.3M in 2023.
- Strong asset base relative to liabilities, indicating financial stability (e.g., $4.6M assets vs. $176K liabilities in 2023).
- Positive net income in most years, demonstrating fiscal responsibility (e.g., $199,680 surplus in 2023).
- No reported officer compensation, suggesting efficient use of funds or a volunteer-led model.
Frequently Asked Questions about Shelter Island Yacht Club
Is Shelter Island Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Shelter Island Yacht Club (EIN: 111323110) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Shelter Island Yacht Club spend its money?
Shelter Island Yacht Club directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shelter Island Yacht Club tax-deductible?
Shelter Island Yacht Club is registered as a tax-exempt nonprofit (EIN: 111323110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shelter Island Yacht Club CEO make?
Shelter Island Yacht Club's highest-compensated officer earns $3 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shelter Island Yacht Club's spending goes to programs?
Shelter Island Yacht Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Shelter Island Yacht Club located?
Shelter Island Yacht Club is headquartered in Shelter Is Ht, New York and files with the IRS under EIN 111323110.
How many years of IRS 990 filings does Shelter Island Yacht Club have?
Shelter Island 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 $5.6M in total revenue.
What are the specific program activities and their associated costs?
The provided data does not detail specific program activities or their individual costs, making it difficult to assess the direct impact of spending. Further investigation into the full 990 forms would be required.
How does the organization manage its operational expenses given 0% officer compensation?
The consistent reporting of 0% officer compensation suggests a highly volunteer-driven leadership or that executive functions are compensated through other expense categories, which would warrant further clarification from the full financial statements.
What is the primary source of the organization's revenue?
The summary data indicates consistent revenue generation, but does not specify if it primarily comes from membership dues, events, or other sources. This information would be crucial for understanding financial sustainability.
Filing History
IRS 990 filing history for Shelter Island Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shelter Island Yacht Club's revenue has grown by 71.4%, moving from $2.0M to $3.4M. Total assets increased by 58.3% over the same period, from $2.9M to $4.6M. Total functional expenses rose by 68.6%, from $1.9M to $3.2M. In its most recent filing year (2023), Shelter Island Yacht Club reported a surplus of $200K, with revenue exceeding expenses. The organization holds $177K in liabilities against $4.6M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.2M | $4.6M | $177K | — | — |
| 2022 | $3.0M | $3.0M | $4.4M | $184K | — | — |
| 2021 | $3.0M | $2.6M | $4.4M | $110K | — | View 990 |
| 2020 | $2.7M | $2.3M | $4.1M | $174K | — | — |
| 2019 | $2.4M | $2.3M | $3.6M | $107K | — | View 990 |
| 2018 | $2.2M | $2.2M | $3.5M | $129K | — | View 990 |
| 2017 | $2.3M | $2.2M | $3.4M | $102K | — | View 990 |
| 2016 | $2.1M | $2.1M | $3.3M | $133K | — | View 990 |
| 2015 | $2.1M | $2.0M | $3.3M | $108K | — | View 990 |
| 2014 | $1.9M | $2.0M | $3.3M | $181K | — | View 990 |
| 2013 | $2.4M | $2.1M | $3.4M | $192K | — | View 990 |
| 2012 | $1.8M | $1.8M | $3.1M | $145K | — | View 990 |
| 2011 | $2.0M | $1.9M | $2.9M | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.2M, and assets of $4.6M (revenue +11.8% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.0M, and assets of $4.4M (revenue +1.4% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.6M, and assets of $4.4M (revenue +10.1% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.3M, and assets of $4.1M (revenue +12.2% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $3.6M (revenue +8.5% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $3.5M (revenue -2.4% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $3.4M (revenue +10.6% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.1M, and assets of $3.3M (revenue -1.1% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $3.3M (revenue +8.2% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $3.3M (revenue -18.1% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.1M, and assets of $3.4M (revenue +29.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $3.1M (revenue -8.2% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.9M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shelter Island Yacht Club:
Data Sources and Methodology
This transparency report for Shelter Island 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.