Southport Junior Yacht Club Sailing Foundation
Southport Junior Yacht Club Sailing Foundation maintains stable finances with no liabilities and volunteer leadership.
EIN: 10513496 · Southport, ME · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $163K |
| Total Expenses | $204K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $330,587. |
| Net Assets | $361K |
| Transparency Score | 88/100 |
Is Southport Junior Yacht Club Sailing Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southport Junior Yacht Club Sailing Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southport Junior Yacht Club Sailing Foundation
Southport Junior Yacht Club Sailing Foundation (EIN: 10513496) is a nonprofit organization based in Southport, ME, classified under NTEE code N67. The organization reported total revenue of $163K and total assets of $331K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southport Junior Yacht Club Sailing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southport Junior Yacht Club Sailing Foundation is a small nonprofit that has been operating for 2 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $204K |
| Surplus / Deficit | $-8,009 |
| Total Assets | $361K |
| Net Assets | $361K |
| Operating Margin | -4.1% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2021, Southport Junior Yacht Club Sailing Foundation reported a deficit of $8K with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2021), Southport Junior Yacht Club Sailing Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +366.4% | +190.1% | +0.4% |
| 2020 | -77.1% | -62.1% | -6.4% |
| 2019 | +15.4% | +4.5% | +9.2% |
| 2018 | +18.0% | +2.3% | -11.0% |
| 2017 | -12.7% | +26.5% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
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 Southport Junior Yacht Club Sailing Foundation with a Mission Score of 88 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Southport Junior Yacht Club Sailing Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with assets of $330,587.
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.
Strengths
The following positive indicators were identified for Southport Junior Yacht Club Sailing Foundation:
- Zero liabilities reported across all filings, indicating strong financial health.
- Consistent 0% officer compensation, suggesting volunteer-driven leadership and high efficiency.
- Robust filing history with 11 IRS 990 filings, demonstrating transparency.
- Stable asset base, consistently above $300,000, providing financial resilience.
- Generally operates near break-even or with surpluses, indicating sound financial management.
Frequently Asked Questions about Southport Junior Yacht Club Sailing Foundation
Is Southport Junior Yacht Club Sailing Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Southport Junior Yacht Club Sailing Foundation (EIN: 10513496) appears legitimate. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
How does Southport Junior Yacht Club Sailing Foundation spend its money?
Southport Junior Yacht Club Sailing Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southport Junior Yacht Club Sailing Foundation tax-deductible?
Southport Junior Yacht Club Sailing Foundation is registered as a tax-exempt nonprofit (EIN: 10513496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southport Junior Yacht Club Sailing Foundation CEO make?
Southport Junior Yacht Club Sailing Foundation's highest-compensated officer earns $330,587. annually. The organization reported $163K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southport Junior Yacht Club Sailing Foundation's spending goes to programs?
Southport Junior Yacht Club Sailing Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southport Junior Yacht Club Sailing Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Southport Junior Yacht Club Sailing Foundation is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southport Junior Yacht Club Sailing Foundation located?
Southport Junior Yacht Club Sailing Foundation is headquartered in Southport, Maine and files with the IRS under EIN 10513496. It is classified under NTEE code N67.
How many years of IRS 990 filings does Southport Junior Yacht Club Sailing Foundation have?
Southport Junior Yacht Club Sailing Foundation has 11 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 $163K in total revenue.
Is Southport Junior Yacht Club Sailing Foundation a good charity?
Based on the available data, the Southport Junior Yacht Club Sailing Foundation appears to be a well-managed charity. It has a strong balance sheet with no liabilities, a consistent filing history, and operates with volunteer leadership (0% officer compensation), suggesting high efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's assets have fluctuated but remained substantial, ranging from $340,110 in 2012 to $433,196 in 2016, and currently at $330,587. Revenue and expenses have also varied, with some years showing surpluses (e.g., 2012, 2015, 2016) and others small deficits (e.g., 2017, 2018, 2021), but overall, it maintains a stable financial position with no reported liabilities.
Does the organization pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that the organization does not pay its executives.
Filing History
IRS 990 filing history for Southport Junior Yacht Club Sailing Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Southport Junior Yacht Club Sailing Foundation's revenue has grown by 85.3%, moving from $106K to $196K. Total assets increased by 87.6% over the same period, from $192K to $361K. Total functional expenses rose by 85%, from $110K to $204K. In its most recent filing year (2021), Southport Junior Yacht Club Sailing Foundation reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $196K | $204K | $361K | $0 | — | — |
| 2020 | $42K | $70K | $360K | $0 | — | View 990 |
| 2019 | $184K | $185K | $384K | $0 | — | View 990 |
| 2018 | $159K | $177K | $352K | $0 | — | View 990 |
| 2017 | $135K | $173K | $395K | $0 | — | View 990 |
| 2016 | $155K | $137K | $433K | $0 | — | View 990 |
| 2015 | $145K | $114K | $415K | $0 | — | View 990 |
| 2014 | $137K | $123K | $385K | $0 | — | View 990 |
| 2013 | $154K | $124K | $371K | $0 | — | View 990 |
| 2012 | $257K | $109K | $340K | $0 | — | View 990 |
| 2011 | $106K | $110K | $192K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $196K, expenses of $204K, and assets of $361K (revenue +366.4% year-over-year).
- 2020: Revenue of $42K, expenses of $70K, and assets of $360K (revenue -77.1% year-over-year).
- 2019: Revenue of $184K, expenses of $185K, and assets of $384K (revenue +15.4% year-over-year).
- 2018: Revenue of $159K, expenses of $177K, and assets of $352K (revenue +18.0% year-over-year).
- 2017: Revenue of $135K, expenses of $173K, and assets of $395K (revenue -12.7% year-over-year).
- 2016: Revenue of $155K, expenses of $137K, and assets of $433K (revenue +6.9% year-over-year).
- 2015: Revenue of $145K, expenses of $114K, and assets of $415K (revenue +5.3% year-over-year).
- 2014: Revenue of $137K, expenses of $123K, and assets of $385K (revenue -10.8% year-over-year).
- 2013: Revenue of $154K, expenses of $124K, and assets of $371K (revenue -40.0% year-over-year).
- 2012: Revenue of $257K, expenses of $109K, and assets of $340K (revenue +143.1% year-over-year).
- 2011: Revenue of $106K, expenses of $110K, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southport Junior Yacht Club Sailing Foundation:
Data Sources and Methodology
This transparency report for Southport Junior Yacht Club Sailing Foundation 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.