Creek Inc is located in Locust Valley, NY. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Creek Inc employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creek Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Creek Inc generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $14.0m during the year ending 03/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN ENJOYABLE ATMOSPHERE FOR OUR CLUB MEMBERS AND THEIR GUESTS BY PROVIDING THE HIGHEST QUALITY SERVICES FOR THEIR SOCIAL, RECREATIONAL AND DINING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
J Daniel Campbell General Manager | Officer | 48 | $301,610 |
Adam Wilkins Grounds Superintendent | Officer | 48 | $286,293 |
Thomas Cooper Golf Professional | 48 | $203,047 | |
Vincent Russo Executive Chef | 48 | $192,321 | |
Mary Poniktera Chief Financial Officer | Officer | 48 | $177,311 |
George M Wheatley III Vice President | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sean Farren Golf Golf Pro | 3/30/19 | $723,443 |
Me2 Corp Tennis Pro | 3/30/19 | $473,445 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $8,729,712 |
Investment income | $1,944 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $78,473 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $4,424,339 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,749,282 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $926,884 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,141,191 |
Pension plan accruals and contributions | $96,599 |
Other employee benefits | $527,694 |
Payroll taxes | $581,738 |
Fees for services: Management | $0 |
Fees for services: Legal | $26,973 |
Fees for services: Accounting | $43,335 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $222,499 |
Advertising and promotion | $0 |
Office expenses | $169,242 |
Information technology | $10,004 |
Royalties | $0 |
Occupancy | $803,008 |
Travel | $7,862 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,522 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $425,092 |
All other expenses | $885,363 |
Total functional expenses | $14,015,822 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $893,092 |
Savings and temporary cash investments | $2,896,751 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $105,284 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $444,546 |
Prepaid expenses and deferred charges | $493,143 |
Net Land, buildings, and equipment | $536,483 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,369,299 |
Accounts payable and accrued expenses | $869,795 |
Grants payable | $0 |
Deferred revenue | $65,380 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $29,370 |
Total liabilities | $964,545 |
Net assets without donor restrictions | $4,404,754 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $5,369,299 |
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