Cold Spring Harbor Beach Club Inc

The information for Cold Spring Harbor Beach Club Inc is as of the organization's most recent filing in December 2019. This organization is located in Cold Spring Harbor, NY. It has been in existence for 77 years, following its founding in 1942.

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 Cold Spring Harbor Beach Club Inc's NTEE code is N60. The "N" tells us that the organization is classified along with Amateur Sports. The "60" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in and enjoy the organized recreational activity, sport or game of their choice.

Every organization is also governed by a specific section of 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 Cold Spring Harbor Beach Club Inc is to provide water sport and tennis activities to its members.

Organization Staffing

Cold Spring Harbor Beach Club Inc is run by Margie Burkett, who is the President. The organization has 96 employees, of whom just one is paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.

Board Governance

Cold Spring Harbor Beach Club Inc is well-governed, with nine voting members and nine independent members. The organization has not delegated management to an outside firm, and board and committee meetings are documented. Unfortunately, the organization does not have a conflict of interest policy, does not require disclosure of conflicts, does not have a written whistleblower policy, does not have a document retention policy, does not substantiate or review leadership or officer salaries, and does not provide copies of the 990 to the board prior to filing. It is important for Cold Spring Harbor Beach Club Inc to consider implementing these policies and procedures in order to ensure that the organization is well-governed and that the interests of its members are protected.

Organization Growth

Overall, Cold Spring Harbor Beach Club Inc has grown over the past two years. Contributions and Grants Received, Investment Income, Total Revenue, Employee Salaries, and Total Employees have all increased over this time period. However, Program Service Revenue and Other Revenue both decreased. Total Expenses increased, indicating that the organization has invested more in its operations to support its growth.