Shrewsbury Sailing & Yacht Club

Shrewsbury Sailing & Yacht Club shows consistent revenue growth and asset accumulation, but 2023 liabilities nearly match assets.

EIN: 210704634 · Oceanport, NJ · Updated: 2026-03-28

$485KRevenue

$1.7MAssets

75/100Mission Score (Good)

Is Shrewsbury Sailing & Yacht Club Legit?

Some Concerns

GoodFiling Consistency

GoodSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Shrewsbury Sailing & Yacht Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Shrewsbury Sailing & Yacht Club

Shrewsbury Sailing & Yacht Club (EIN: 210704634) is a nonprofit organization based in Oceanport, NJ. The organization reported total revenue of $485K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shrewsbury Sailing & Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Shrewsbury Sailing & Yacht Club demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade. In the most recent filing (202312), the organization reported revenues of $481,602 against expenses of $421,791, indicating a healthy surplus. Assets have shown steady growth, increasing from $1,316,818 in 2014 to $1,741,224 in 2023, suggesting good financial management and asset accumulation. The organization's liabilities have fluctuated but remained relatively low compared to its assets, though the 2023 liabilities of $1,788,000 are notably high relative to assets, which warrants further investigation into the nature of these liabilities.

The club's spending efficiency appears reasonable given its operational nature, though without a detailed breakdown of program vs. administrative expenses, a precise assessment is challenging. The consistent reporting of 0% officer compensation across all filings indicates that the organization is likely volunteer-led or compensates its officers through non-salary means, which can be a positive sign for donor confidence. However, the significant increase in liabilities in 2023 to $1,788,000, almost matching its assets, is a critical point that needs clarification for a full understanding of its financial health and transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Shrewsbury Sailing & Yacht Club with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Shrewsbury Sailing & Yacht Club allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through non-reportable means, which is a positive indicator of resource allocation towards its mission.

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 Shrewsbury Sailing & Yacht Club's IRS 990 filings:

Significant increase in liabilities in 2023 ($1,788,000) almost matching total assets ($1,741,224), which could indicate substantial debt or financial obligations.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a full assessment of spending efficiency.

Strengths

The following positive indicators were identified for Shrewsbury Sailing & Yacht Club:

Consistent revenue generation exceeding expenses over the past decade, indicating financial stability.
Steady growth in assets from $1,316,818 in 2014 to $1,741,224 in 2023.
No reported officer compensation across all filings, suggesting a volunteer-driven leadership or efficient use of funds.
Long filing history (14 filings) demonstrates consistent compliance and transparency in reporting.

Frequently Asked Questions about Shrewsbury Sailing & Yacht Club

Is Shrewsbury Sailing & Yacht Club a legitimate charity?

Based on AI analysis of IRS 990 filings, Shrewsbury Sailing & Yacht Club (EIN: 210704634) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

How does Shrewsbury Sailing & Yacht Club spend its money?

Shrewsbury Sailing & Yacht Club directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Shrewsbury Sailing & Yacht Club tax-deductible?

Shrewsbury Sailing & Yacht Club is registered as a tax-exempt nonprofit (EIN: 210704634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What caused the significant increase in liabilities to $1,788,000 in 2023, almost equal to the organization's assets?

The IRS 990 data shows liabilities jumped from $974 in 2022 to $1,788,000 in 2023. Understanding the nature of these liabilities (e.g., mortgage, capital project debt) is crucial for assessing financial risk.

Is Shrewsbury Sailing & Yacht Club a good charity?

Based on the available data, the club demonstrates consistent financial stability with growing assets and no reported officer compensation. However, the recent surge in liabilities in 2023 requires further investigation to fully assess its long-term financial health and overall 'goodness' as a charity.

How does the organization allocate its expenses between program services, administration, and fundraising?

The provided IRS 990 summaries do not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is essential for a comprehensive evaluation of spending efficiency.

Filing History

IRS 990 filing history for Shrewsbury Sailing & Yacht Club showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Shrewsbury Sailing & Yacht Club's revenue has grown by 55.4%, moving from $310K to $482K. Total assets increased by 34.1% over the same period, from $1.3M to $1.7M. Total functional expenses rose by 68.9%, from $250K to $422K. In its most recent filing year (2023), Shrewsbury Sailing & Yacht Club reported a surplus of $60K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$482K	$422K	$1.7M	$2K	—	—
2022	$410K	$369K	$1.7M	$974	—	View 990
2021	$444K	$385K	$1.7M	$19K	—	View 990
2020	$308K	$247K	$1.6M	$17K	—	—
2019	$340K	$333K	$1.5M	$4K	—	View 990
2018	$355K	$322K	$1.5M	$516	—	View 990
2017	$364K	$327K	$1.5M	$4K	—	View 990
2016	$367K	$313K	$1.4M	$917	—	View 990
2015	$358K	$285K	$1.4M	$885	—	View 990
2014	$303K	$281K	$1.3M	$3K	—	View 990
2013	$468K	$482K	$1.3M	$17K	—	View 990
2012	$280K	$273K	$1.3M	$23K	—	View 990
2011	$315K	$284K	$1.3M	$30K	—	View 990
2010	$310K	$250K	$1.3M	$37K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $482K, expenses of $422K, and assets of $1.7M (revenue +17.5% year-over-year).
2022: Revenue of $410K, expenses of $369K, and assets of $1.7M (revenue -7.8% year-over-year).
2021: Revenue of $444K, expenses of $385K, and assets of $1.7M (revenue +44.3% year-over-year).
2020: Revenue of $308K, expenses of $247K, and assets of $1.6M (revenue -9.4% year-over-year).
2019: Revenue of $340K, expenses of $333K, and assets of $1.5M (revenue -4.3% year-over-year).
2018: Revenue of $355K, expenses of $322K, and assets of $1.5M (revenue -2.3% year-over-year).
2017: Revenue of $364K, expenses of $327K, and assets of $1.5M (revenue -1.0% year-over-year).
2016: Revenue of $367K, expenses of $313K, and assets of $1.4M (revenue +2.5% year-over-year).
2015: Revenue of $358K, expenses of $285K, and assets of $1.4M (revenue +18.1% year-over-year).
2014: Revenue of $303K, expenses of $281K, and assets of $1.3M (revenue -35.2% year-over-year).
2013: Revenue of $468K, expenses of $482K, and assets of $1.3M (revenue +67.2% year-over-year).
2012: Revenue of $280K, expenses of $273K, and assets of $1.3M (revenue -11.3% year-over-year).
2011: Revenue of $315K, expenses of $284K, and assets of $1.3M (revenue +1.8% year-over-year).
2010: Revenue of $310K, expenses of $250K, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Shrewsbury Sailing & 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.