West Nyack Swim Club Inc

The information for West Nyack Swim Club Inc is as of the organization's most recent filing in December 2019. This organization is located in West Nyack, NY. It has been in existence for 10 years, following its founding in 2009.

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 West Nyack Swim Club Inc's NTEE code is N67. The "N" tells us that the organization is classified along with Recreation & Sports. The "67" tells us that the organization is a Swimming & Other Water Recreation organization. The NTEE describes Swimming & Other Water Recreation organizations as those that provide opportunities for people to learn and become competitive in swimming, diving, snorkeling, surfing, water skiing, water polo, boating, white water rafting and other water sports. Coaching, access to a swimming pool or other facilities, sports equipment, and officials for competitions are generally included.

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.

The mission of the West Nyack Swim Club Inc is to encourage its members to participate in athletics, sports, and recreation activities.

Program Areas

The organization operates and maintains a clubhouse, swimming pool, varied sports facilities, and grounds for the benefit of its members. Through the general fund, it reports all revenues, support, and functional expenses associated with this activity which are not reported elsewhere.

Organization Staffing

West Nyack Swim Club Inc is run by John Coyle, who is the President. The organization has 76 employees, none of whom are 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

The West Nyack Swim Club Inc is well-governed, with four voting members and four independent members. The organization does not have any potential conflicts of interest, and the board meetings are documented. Unfortunately, the committee meetings are not documented and the organization does not have a conflict of interest policy or a document retention policy. The organization also does not substantiate or review leadership or officer salaries. However, the organization does have a written whistleblower policy, and provides copies of the 990 to the board prior to filing. Overall, the West Nyack Swim Club Inc is well-governed, though there are some areas that could be improved.

Organization Growth

Based on the financial data for the West Nyack Swim Club Inc, it appears that the organization has overall decreased in size over the time period from 2016 to 2019. While program service revenue increased, contributions and grants received, other revenue, and employee salaries all decreased. Additionally, total revenue and total expenses also decreased, indicating that the organization may have experienced a decrease in overall financial performance.

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Board, Officers & Key Employees

Name (title)Compensation
John Cole
Vice President
$0
Andrew Trust
President
$0
Jeremy Goldstein
Treasurer
$0
Randi Pepe
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$888,711
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$888,711
Total Program Service Revenue$43,553
Investment income $193
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $934,252

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