Centerport Yacht Club Inc

The information for Centerport Yacht Club Inc is as of the organization's most recent filing in December '21. This organization is located in Centerport, NY. It has been in existence for 68 years, following its founding in 1953.

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 Centerport Yacht Club Inc's NTEE code is N60. The "N" tells us that the organization is classified under Recreation & Sports. The "60" tells us that the organization is specifically focused on Amateur Sports. The NTEE describes Amateur Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in, and enjoy organized recreational activities, sports, or games of their choice. These programs may be offered by local clubs devoted to a particular activity or sport, providing coaching assistance, access to equipment and facilities, and organizing amateur competitions at the local or regional level. The Centerport Yacht Club Inc falls under the major classification of Recreation & Sports and the minor classification of Amateur Sports.

Program Areas

The tax exempt club activities fall within the general fund, where the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Centerport Yacht Club Inc has 115 employees, with 2 of them being paid over $100k according to the organization's most recent 990 tax filing. Additionally, the organization is supported by 40 volunteers.

Board Governance

The Centerport Yacht Club Inc appears to be well-governed based on the provided information. The organization has 11 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further supports the organization's commitment to transparency and ethical practices. The fact that the organization has not delegated management to an outside firm suggests that it retains control over its operations, allowing for direct oversight and accountability. The documentation of board and committee meetings indicates a commitment to record-keeping and transparency in decision-making processes. The presence of a conflict of interest policy, along with the requirement for disclosure of conflicts, demonstrates the organization's dedication to avoiding any improprieties or biases. Additionally, the existence of a written whistleblower policy and document retention policy further reinforces the organization's commitment to accountability and adherence to legal and ethical standards. The Centerport Yacht Club Inc also substantiates and reviews leadership and officer salaries, indicating a responsible approach to financial management and ensuring that compensation is reasonable and justified. The provision of copies of the 990 to the board prior to filing demonstrates a commitment to transparency and allows for thorough review and oversight of the organization's financial activities. Overall, the Centerport Yacht Club Inc appears to be well-governed, with policies and practices in place to ensure transparency, accountability, and ethical conduct.

Organization Growth

The Centerport Yacht Club Inc has experienced growth over the given time period. Program Service Revenue, Investment Income, Other Revenue, and Total Revenue all increased from 2018 to 2021. However, Grants Paid and Employee Salaries decreased over this time period. Total Expenses increased, but this can be attributed to the growth in revenue. The organization also saw an increase in the number of employees, from 109 in 2018 to 115 in 2021. The number of volunteers remained the same. Overall, the organization has shown growth in terms of revenue, income, and employee count.