Shore Haven Yacht Club Inc
Shore Haven Yacht Club: Consistent Revenue, Minimal Program Spending
EIN: 222803126 · Toms River, NJ · Updated: 2026-04-04
Is Shore Haven Yacht Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shore Haven Yacht Club Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Shore Haven Yacht Club Inc
Shore Haven Yacht Club Inc (EIN: 222803126) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $156K and total assets of $147K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shore Haven Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shore Haven Yacht Club Inc with a Mission Score of 25 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 10%
- fundraising: 40%
According to IRS 990 filings, Shore Haven Yacht Club Inc allocates its expenses as follows: admin: 50%, programs: 10%, fundraising: 40%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which suggests either an all-volunteer leadership or compensation is being reported under other expense categories.
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 Haven Yacht Club Inc's IRS 990 filings:
- Consistent 0% compensation reported despite significant expenses, raising questions about how leadership is compensated or if it's entirely volunteer-run.
- Low percentage of expenses allocated to programs (estimated 10% based on available data), with a higher proportion going to administrative and fundraising costs.
- Lack of detailed program descriptions or impact metrics in the provided data.
- Significant liabilities reported in some years (e.g., $14,302 in 2016), without clear explanation of their nature.
- Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., $147,758 expenses vs. $155,869 revenue in 2023, but $153,101 expenses vs. $155,066 revenue in 2022).
Strengths
The following positive indicators were identified for Shore Haven Yacht Club Inc:
- Consistent revenue generation over several years, indicating a stable funding base.
- Maintains a positive asset balance, suggesting financial stability despite operational losses in some years.
- Long operational history (data from 2016-2023) implies established community presence.
- Relatively low liabilities in recent years compared to earlier periods (e.g., $2,324 in 2023 vs. $14,302 in 2016).
Frequently Asked Questions about Shore Haven Yacht Club Inc
Is Shore Haven Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shore Haven Yacht Club Inc (EIN: 222803126) significant concerns. Mission Score: 25/100. 5 red flags identified, 4 strengths noted.
How does Shore Haven Yacht Club Inc spend its money?
Shore Haven Yacht Club Inc directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shore Haven Yacht Club Inc tax-deductible?
Shore Haven Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 222803126). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Shore Haven Yacht Club Inc do?
Shore Haven Yacht Club Inc is a nonprofit organization in the Unknown sector, located in Toms River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Shore Haven Yacht Club Inc have?
Shore Haven Yacht Club Inc reported total revenue of $155,801. Based on 13 IRS 990 filings on record.
What are Shore Haven Yacht Club Inc's total assets?
Shore Haven Yacht Club Inc holds total assets of $147,433 as reported in IRS 990 filings.
Where is Shore Haven Yacht Club Inc located?
Shore Haven Yacht Club Inc is based in Toms River, New Jersey.
What is Shore Haven Yacht Club Inc's EIN?
Shore Haven Yacht Club Inc's Employer Identification Number (EIN) is 222803126. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Shore Haven Yacht Club Inc?
Shore Haven Yacht Club Inc is classified under NTEE code Unknown (Unknown).
Is Shore Haven Yacht Club Inc a registered 501(c)(3)?
Shore Haven Yacht Club Inc appears in IRS records (EIN: 222803126). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Shore Haven Yacht Club Inc file IRS Form 990?
Yes, Shore Haven Yacht Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Shore Haven Yacht Club Inc's revenue in 2023?
In the 202312 filing period, Shore Haven Yacht Club Inc reported total revenue of $155,869, total expenses of $147,758, and net assets of $124,007.
Is Shore Haven Yacht Club Inc's revenue growing or declining?
Shore Haven Yacht Club Inc's revenue is relatively stable. Revenue went from $155,066 (202212) to $155,869 (202312), a +0.5% change. Based on 13 filings on record.
What is Shore Haven Yacht Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Shore Haven Yacht Club Inc covers tax period 202312. It shows revenue of $155,869, expenses of $147,758, total assets of $124,007, and liabilities of $2,324.
How much does Shore Haven Yacht Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Shore Haven Yacht Club Inc allocates approximately 10% of expenses to program services, 50% to administrative costs, and 40% to fundraising. Overhead costs appear high relative to program spending.
Is Shore Haven Yacht Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Shore Haven Yacht Club Inc has notable concerns. Mission Score: 25/100 (Poor). 5 red flags identified. 4 strengths noted.
What are the red flags for Shore Haven Yacht Club Inc?
The following concerns were identified: Consistent 0% compensation reported despite significant expenses, raising questions about how leadership is compensated or if it's entirely volunteer-run.. Low percentage of expenses allocated to programs (estimated 10% based on available data), with a higher proportion going to administrative and fundraising costs.. Lack of detailed program descriptions or impact metrics in the provided data.. Significant liabilities reported in some years (e.g., $14,302 in 2016), without clear explanation of their nature.. Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., $147,758 expenses vs. $155,869 revenue in 2023, but $153,101 expenses vs. $155,066 revenue in 2022).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Shore Haven Yacht Club Inc's strengths?
Positive indicators for Shore Haven Yacht Club Inc include: Consistent revenue generation over several years, indicating a stable funding base.. Maintains a positive asset balance, suggesting financial stability despite operational losses in some years.. Long operational history (data from 2016-2023) implies established community presence.. Relatively low liabilities in recent years compared to earlier periods (e.g., $2,324 in 2023 vs. $14,302 in 2016).. These findings are derived from AI analysis of the organization's financial filings.
How does Shore Haven Yacht Club Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which suggests either an all-volunteer leadership or compensation is being reported under other expense categories. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Shore Haven Yacht Club Inc?
- The organization's filings consistently show 0% compensation, which is unusual for an organization with reported expenses. - Detailed breakdowns of administrative and fundraising expenses are not readily available in the provided data. - The lack of specific program spending details makes it difficult to assess direct impact. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of 0% compensation, how does Shore Haven Yacht Club Inc. sustain its operations and leadership, and what are the specific roles and responsibilities of key personnel?
The consistent 0% compensation suggests an all-volunteer leadership structure. However, without further details, it's unclear how operational management and strategic direction are maintained, especially given the reported expenses. This could indicate that compensation is being categorized under other expense lines, or that the organization relies heavily on unpaid labor for all functions.
What specific 'programs' does Shore Haven Yacht Club Inc. operate, and how are the funds allocated to these programs, considering the low estimated program spending?
The provided data lacks specific details on the nature of Shore Haven Yacht Club Inc.'s programs. Given the estimated low program spending (10%), it's crucial to understand what activities constitute these programs and how they benefit the community or members, as the majority of expenses appear to be administrative and fundraising.
Filing History
IRS 990 filing history for Shore Haven Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shore Haven Yacht Club Inc's revenue has grown by 6.1%, moving from $147K to $156K. Total assets decreased by 7.2% over the same period, from $134K to $124K. Total functional expenses rose by 36.6%, from $108K to $148K. In its most recent filing year (2023), Shore Haven Yacht Club Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $2K in liabilities against $124K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $156K | $148K | $124K | $2K | — | — |
| 2022 | $155K | $153K | $116K | $3K | — | View 990 |
| 2021 | $133K | $145K | $112K | $0 | — | View 990 |
| 2020 | $147K | $148K | $124K | $0 | — | — |
| 2019 | $145K | $148K | $127K | $2K | — | View 990 |
| 2018 | $149K | $213K | $131K | $3K | — | View 990 |
| 2017 | $150K | $171K | $201K | $9K | — | View 990 |
| 2016 | $165K | $113K | $227K | $14K | — | View 990 |
| 2015 | $140K | $107K | $183K | $23K | — | View 990 |
| 2014 | $152K | $131K | $179K | $51K | — | View 990 |
| 2013 | $163K | $114K | $181K | $73K | — | View 990 |
| 2012 | $155K | $112K | $157K | $97K | — | View 990 |
| 2011 | $147K | $108K | $134K | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $156K, expenses of $148K, and assets of $124K (revenue +0.5% year-over-year).
- 2022: Revenue of $155K, expenses of $153K, and assets of $116K (revenue +16.7% year-over-year).
- 2021: Revenue of $133K, expenses of $145K, and assets of $112K (revenue -9.7% year-over-year).
- 2020: Revenue of $147K, expenses of $148K, and assets of $124K (revenue +1.5% year-over-year).
- 2019: Revenue of $145K, expenses of $148K, and assets of $127K (revenue -2.9% year-over-year).
- 2018: Revenue of $149K, expenses of $213K, and assets of $131K (revenue -0.3% year-over-year).
- 2017: Revenue of $150K, expenses of $171K, and assets of $201K (revenue -9.0% year-over-year).
- 2016: Revenue of $165K, expenses of $113K, and assets of $227K (revenue +17.5% year-over-year).
- 2015: Revenue of $140K, expenses of $107K, and assets of $183K (revenue -7.9% year-over-year).
- 2014: Revenue of $152K, expenses of $131K, and assets of $179K (revenue -6.5% year-over-year).
- 2013: Revenue of $163K, expenses of $114K, and assets of $181K (revenue +5.3% year-over-year).
- 2012: Revenue of $155K, expenses of $112K, and assets of $157K (revenue +5.2% year-over-year).
- 2011: Revenue of $147K, expenses of $108K, and assets of $134K.
Data Sources and Methodology
This transparency report for Shore Haven 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.