New Bedford Yacht Club
Nonprofit profile at a glance
- EIN
- 041659530
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025
- Location
- South Dartmouth, MA, USA
- Phone
- 5089970762
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,603,038
- Expenses
- $2,232,893
- Assets
- $6,100,532
- Liabilities
- $2,006,280
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
24 people listed
Highest reported compensation
- JOHN BAGLINI (GENERAL MANAGER): $209,889 total reported compensation
- KRISTEN GRAY (FINANCE AND OPERATIONS DIRECTOR): $125,492 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To have a membership composed of yachting and boating enthusiasts of good character and all ages that is predominantly resident to local area, represents a broad spectrum of the community, and is appropriate in size for our facilities; to promote and encourage yachting and boating by providing our members and guests with a clubhouse, harbor facilities, services and related activities; to provide instruction in yachting and boating safety, an educational program in sailboat racing and handling, and an organized yacht racing program for our members and such guests as we can accommodate; to promote and encourage fellowship, friendship and camaraderie among our members and guests; to maintain a standard of excellence in all aspects of our operations including maintenance and improvement of our facilities.
What it reported doing in 2025
To provide dining, sailing and racing activities, cruising, and social events for the club's approximately 700 members and their guests.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 66
- Accountability: 91
- Sustainability: 55
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 14.2%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 2.73; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 15%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.9% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 20 of 20 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $210K · 24 people listed · 1 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 13 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.