Shadow Wood Country Club Inc

The information for Shadow Wood Country Club Inc is as of the organization's most recent filing in December '21. This organization is located in Bonita Springs, FL. It has been in existence for 11 years, following its founding in 2010.

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 Shadow Wood Country Club Inc's NTEE code is N50. The "N" tells us that the organization is classified as Recreation & Sports. The "50" tells us that the organization falls under the category of Recreational Clubs. According to the NTEE description, these organizations provide facilities for recreational activities, sports, and games, as well as opportunities for socializing and sharing hobbies or interests. The organization is governed by section 7 of the Internal Revenue Code, which is for Social and Recreational Clubs. The mission of the Shadow Wood Country Club Inc is to bind its members together through a common objective directed at pleasure and recreation.

Program Areas

Program Area 1: The club's program area number 1 encompasses the three 18-hole golf courses it offers. In addition, it includes reporting the total rounds of golf played for the year, which was approximately 101,584. Out of these rounds, approximately 14,672 were non-member related. This program area falls under the general fund, where the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Program Area 2: Within the total food and beverage revenue for the year, $3,814,637 was reported, with $684,073 of that being non-member related.

Organization Staffing

Shadow Wood Country Club Inc is run by Tim Forbes, who is the President. The organization has 414 employees, of whom 7 are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 9 volunteers.

Board Governance

Shadow Wood Country Club Inc appears to be well-governed based on the provided information. The organization has a total of 9 voting members, all of whom are independent. This indicates that the board is composed of individuals who are not directly affiliated with the organization, reducing the likelihood of biased decision-making. Additionally, the absence of potential conflicts of interest suggests that the board members are focused on the best interests of the non-profit. The organization also demonstrates good governance practices by documenting both board and committee meetings. This ensures transparency and accountability within the organization's decision-making processes. Furthermore, the presence of a conflict of interest policy, along with a requirement for disclosure of conflicts, indicates that the organization is proactive in addressing and managing potential conflicts that may arise among its members. Shadow Wood Country Club Inc also exhibits responsible financial management by having written policies in place, such as a whistleblower policy and a document retention policy. These policies help to ensure that any wrongdoing or unethical behavior can be reported and addressed appropriately. Furthermore, the organization substantiates and reviews leadership and officer salaries, indicating a commitment to fair compensation practices. One area where the organization could improve is in providing copies of the 990 to the board prior to filing. The 990 form is a crucial financial document that provides transparency and accountability to stakeholders. By providing the board with copies of the 990 before filing, the organization would allow for greater oversight and ensure that the board is aware of the organization's financial status. Overall, based on the information provided, Shadow Wood Country Club Inc appears to be well-governed, with policies and practices in place to ensure transparency, accountability, and ethical decision-making.

Organization Growth

The nonprofit organization Shadow Wood Country Club Inc has experienced growth over the given time period. Contributions & Grants Received did not provide meaningful data for analysis. However, Program Service Revenue increased from $11.9 million in 2015 to $15.3 million in 2021. Investment Income decreased from $35.1 thousand in 2015 to -$727,318 in 2021, while Other Revenue decreased from $3.3 million in 2015 to $2.4 million in 2021. Despite these decreases, Total Revenue increased from $15.2 million in 2015 to $17.7 million in 2021. Employee Salaries also saw an increase, rising from $6.9 million in 2015 to $8.7 million in 2021. Total Expenses increased from $14.8 million in 2015 to $19.3 million in 2021. Additionally, the organization saw an increase in Total Employees, growing from 351 in 2015 to 414 in 2021. The number of Total Volunteers remained the same at 9 over the time period. Overall, the organization has shown growth in various aspects, including revenue, employee salaries, total expenses, and total employees.