Shore Acres Yacht Club Inc
Shore Acres Yacht Club Inc. consistently operates with volunteer leadership and stable finances.
EIN: 210604231 · Brick, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $650K |
| Total Expenses | $407K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $553K |
| Transparency Score | 85/100 |
Is Shore Acres Yacht Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shore Acres Yacht Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shore Acres Yacht Club Inc
Shore Acres Yacht Club Inc (EIN: 210604231) is a nonprofit organization based in Brick, NJ. The organization reported total revenue of $650K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shore Acres Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shore Acres Yacht Club Inc is a small nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $492K |
| Total Expenses | $407K |
| Surplus / Deficit | +$85K |
| Total Assets | $1.1M |
| Total Liabilities | $500K |
| Net Assets | $553K |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 47.5% |
| Months of Reserves | 31.0 months |
Financial Health Grade: A
In 2023, Shore Acres Yacht Club Inc reported a surplus of $85K with revenue exceeding expenses, holds 31.0 months of operating reserves (strong position), has a debt-to-asset ratio of 47.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Shore Acres Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | -4.1% | -1.4% |
| 2022 | +2.0% | -7.1% | +2.7% |
| 2021 | +141.5% | +149.5% | +1.7% |
| 2020 | +8.5% | +7.4% | -1.4% |
| 2019 | +25.4% | +47.9% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Shore Acres Yacht Club Inc with a Mission Score of 85 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, Shore Acres Yacht Club Inc 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 $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is a significant factor in keeping administrative costs low for an organization of its size with assets over $1 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 Shore Acres Yacht Club Inc's IRS 990 filings:
- NTEE Code is Unknown, hindering peer comparison
- Lack of detailed expense breakdown beyond total expenses in provided data
Strengths
The following positive indicators were identified for Shore Acres Yacht Club Inc:
- Consistent financial stability with revenues generally exceeding expenses (e.g., 2023 revenue $492,040 vs. expenses $406,697)
- 0% officer compensation reported across all filings, indicating volunteer leadership
- Stable asset base, consistently around $1 million in recent years
- Consistent IRS 990 filing history (14 filings), demonstrating transparency
Frequently Asked Questions about Shore Acres Yacht Club Inc
Is Shore Acres Yacht Club Inc a legitimate charity?
Shore Acres Yacht Club Inc (EIN: 210604231) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $650K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Shore Acres Yacht Club Inc spend its money?
Shore Acres Yacht Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shore Acres Yacht Club Inc tax-deductible?
Shore Acres Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 210604231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shore Acres Yacht Club Inc CEO make?
Shore Acres Yacht Club Inc's highest-compensated officer earns $1 annually. The organization reported $650K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shore Acres Yacht Club Inc's spending goes to programs?
Shore Acres Yacht Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Shore Acres Yacht Club Inc located?
Shore Acres Yacht Club Inc is headquartered in Brick, New Jersey and files with the IRS under EIN 210604231.
How many years of IRS 990 filings does Shore Acres Yacht Club Inc have?
Shore Acres Yacht Club Inc 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 $650K in total revenue.
Is Shore Acres Yacht Club Inc. a good charity?
Based on the available financial data, Shore Acres Yacht Club Inc. appears to be a well-managed organization with stable finances and no reported officer compensation, which suggests a strong commitment to its mission without high executive overhead. However, without specific program details, it's difficult to assess the direct impact of its 'charitable' activities, as yacht clubs often serve members rather than the broader public in a traditional charitable sense.
What is the purpose of Shore Acres Yacht Club Inc. if it's a nonprofit?
As a nonprofit yacht club, its purpose is likely to provide recreational and social activities for its members, maintain facilities, and potentially promote boating safety or environmental stewardship related to waterways. While not a traditional public charity, such organizations can qualify for nonprofit status if they serve a common good for their members and community, often through social or recreational purposes.
How does the organization manage to have 0% officer compensation?
The 0% officer compensation suggests that the organization's leadership (officers) are serving in a volunteer capacity. This is common for smaller or member-driven nonprofit organizations where individuals dedicate their time without drawing a salary from the organization.
Filing History
IRS 990 filing history for Shore Acres Yacht Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Shore Acres Yacht Club Inc's revenue has grown by 356.5%, moving from $108K to $492K. Total assets increased by 320.4% over the same period, from $250K to $1.1M. Total functional expenses rose by 300.5%, from $102K to $407K. In its most recent filing year (2023), Shore Acres Yacht Club Inc reported a surplus of $85K, with revenue exceeding expenses. The organization holds $500K in liabilities against $1.1M in assets (debt-to-asset ratio: 47.5%), resulting in net assets of $553K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $492K | $407K | $1.1M | $500K | — | — |
| 2022 | $426K | $424K | $1.1M | $599K | — | View 990 |
| 2021 | $417K | $457K | $1.0M | $573K | — | View 990 |
| 2020 | $173K | $183K | $1.0M | $516K | — | View 990 |
| 2019 | $159K | $170K | $1.0M | $520K | — | View 990 |
| 2018 | $127K | $115K | $1.0M | $499K | — | View 990 |
| 2017 | $167K | $87K | $777K | $262K | — | View 990 |
| 2016 | $-1,000 | $0 | $225K | $0 | — | View 990 |
| 2015 | $102K | $97K | $484K | $90K | — | View 990 |
| 2014 | $115K | $85K | $488K | $98K | — | View 990 |
| 2013 | $99K | $108K | $481K | $121K | — | View 990 |
| 2012 | $106K | $111K | $230K | $115K | — | View 990 |
| 2011 | $101K | $104K | $240K | $127K | — | View 990 |
| 2010 | $108K | $102K | $250K | $134K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $492K, expenses of $407K, and assets of $1.1M (revenue +15.6% year-over-year).
- 2022: Revenue of $426K, expenses of $424K, and assets of $1.1M (revenue +2.0% year-over-year).
- 2021: Revenue of $417K, expenses of $457K, and assets of $1.0M (revenue +141.5% year-over-year).
- 2020: Revenue of $173K, expenses of $183K, and assets of $1.0M (revenue +8.5% year-over-year).
- 2019: Revenue of $159K, expenses of $170K, and assets of $1.0M (revenue +25.4% year-over-year).
- 2018: Revenue of $127K, expenses of $115K, and assets of $1.0M (revenue -24.0% year-over-year).
- 2017: Revenue of $167K, expenses of $87K, and assets of $777K.
- 2016: Revenue of $-1,000, expenses of $0, and assets of $225K (revenue -101.0% year-over-year).
- 2015: Revenue of $102K, expenses of $97K, and assets of $484K (revenue -12.0% year-over-year).
- 2014: Revenue of $115K, expenses of $85K, and assets of $488K (revenue +16.3% year-over-year).
- 2013: Revenue of $99K, expenses of $108K, and assets of $481K (revenue -6.4% year-over-year).
- 2012: Revenue of $106K, expenses of $111K, and assets of $230K (revenue +4.8% year-over-year).
- 2011: Revenue of $101K, expenses of $104K, and assets of $240K (revenue -6.1% year-over-year).
- 2010: Revenue of $108K, expenses of $102K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shore Acres Yacht Club Inc:
Data Sources and Methodology
This transparency report for Shore Acres Yacht Club Inc 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.