The information for Welcome Lake Rod & Gun Club is as of the organization's most recent filing in December '22. This organization is located in Honesdale, PA. It has been in existence for 56 years, following its founding in 1966.
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 Welcome Lake Rod & Gun Club is a recreational organization focused on fishing and hunting. Its NTEE code is N61, indicating its classification within the Recreation & Sports category. Specifically, it falls under the Minor Classification of Fishing & Hunting. This classification describes organizations that provide opportunities for people to learn and compete in activities such as archery, fishing, hunting, and the use of firearms on target ranges. The club operates under a 501(c)(7) status, making it a Social and Recreational Club according to the Internal Revenue Code. The mission of the Welcome Lake Rod & Gun Club is to promote social and recreational opportunities for its members through the preservation and maintenance of lands dedicated to wildlife gaming in Pennsylvania.
Program Area 1: The organization focuses on the preservation and maintenance of privately held undeveloped lands in Pike and Wayne counties in Pennsylvania. These lands are specifically held for the purposes of hunting, fishing, and hiking.
Program Area 2: The organization focuses on the preservation and maintenance of privately held undeveloped lands in Pike and Wayne counties in Pennsylvania. These lands are specifically held for the purposes of hunting, fishing, and hiking.
The Welcome Lake Rod & Gun Club appears to be well-governed based on the provided information. The organization has a total of 9 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the organization's governance structure. The fact that board meetings and committee meetings are documented suggests a commitment to transparency and accountability. This documentation ensures that decisions and discussions are properly recorded and can be referred to in the future if needed. Although the organization does not have specific policies in place for conflict of interest, whistleblower protection, or document retention, these may not be necessary depending on the nature and size of the organization. However, it is worth considering implementing these policies in the future to further enhance governance practices. While the organization does not substantiate or review leadership and officer salaries, this may be acceptable depending on the size and complexity of the organization's operations. However, it is recommended that the board periodically review and evaluate compensation practices to ensure they are reasonable and aligned with the organization's mission. The only potential area for improvement is the organization's practice of providing copies of the 990 form to the board prior to filing. This document is crucial for the board to review and assess the organization's financial activities. Implementing this practice would enhance transparency and allow the board to fulfill its fiduciary responsibilities more effectively. Overall, the Welcome Lake Rod & Gun Club demonstrates good governance practices, but there are a few areas where additional policies and practices could be implemented to further strengthen the organization's governance structure.
Based on the given information, it can be concluded that the Welcome Lake Rod & Gun Club nonprofit organization has not experienced any growth over the given time period. All the revenue and expense line items remained the same in 2022 as they were in 2022. There were no changes in contributions and grants received, program service revenue, investment income, other revenue, total revenue, or total expenses. Therefore, it can be inferred that the organization has not grown financially during this time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Bluff Treasurer | Officer | $0 | |
Ron Firmstone Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $26,700 |
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 | $26,700 |
Total Program Service Revenue | $450 |
Investment income | $4,840 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $196,281 |
Net Income from Fundraising Events | $5,663 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $234,881 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,350 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $11,155 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,708 |
Insurance | $3,781 |
All other expenses | $0 |
Total functional expenses | $42,657 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,328 |
Savings and temporary cash investments | $351,432 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,524,670 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,882,430 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $1,882,430 |
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 | $1,882,430 |
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