Kennebunk River Club

The information for Kennebunk River Club is as of the organization's most recent filing in December 2018. This organization is located in Kennebunkport, ME. It has been in existence for 58 years, following its founding in 1960.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Kennebunk River Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreational Clubs. The "50" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that make available to members and their guests facilities for recreational activities, sports and games. It also includes social clubs that provide opportunities for people to meet and socialize with their peers and special interest clubs which enable people to share hobbies or other interests.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Kennebunk River Club is to provide private organization that offers boating accomodations, sporting activities, and social events.

Program Areas

Program Area 1: The organization provides tennis courts to members as part of its services. Revenues, support, and functional expenses associated with this program are reported in the general fund and are not reported by another fund or program.

Program Area 2: This program area focuses on providing boat slips and other boating services to members of the organization.

Program Area 3: This program area encompasses the provision of social activities for members of the organization.

Organization Staffing

Kennebunk River Club has 18 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 20 volunteers.

Board Governance

The Kennebunk River Club is well-governed, with 11 voting members and 11 independent members. Potential conflicts of interest do not exist, and the organization has not delegated management to an outside firm. Board and committee meetings are documented, and the organization has not adopted a conflict of interest policy, a written whistleblower policy, or a document retention policy. The organization also does not substantiate and review leadership or officer salaries, nor does it provide copies of the 990 to the board prior to filing. Despite these omissions, the Kennebunk River Club is well-governed, with a clear and effective system of board oversight.

Organization Growth

The Kennebunk River Club saw mixed results over the 2014-2018 time period. Contributions & Grants Received and Other Revenue both decreased significantly, while Program Service Revenue and Employee Salaries both saw increases. Total Revenue and Total Expenses both decreased, but the number of Total Employees and Total Volunteers remained the same.