Lake Montonia Club Incorporated

The information for Lake Montonia Club Incorporated is as of the organization's most recent filing in December 2019. This organization is located in Kings Mountain, NC. It has been in existence for 28 years, following its founding in 1991.

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 Lake Montonia Club Incorporated's NTEE code is N50. The "N" tells us that the organization is classified along with Recreational Clubs. The "50" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreational Clubs as organizations that make available to members and their guests facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by 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 Lake Montonia Club Incorporated is to provide security, maintenance and preservation of the club's assets, including lake water, grounds, facilities, roads and piers for the enjoyment of members and guests.

Program Areas

The program area of provided security works to maintain and preserve the club's assets for the enjoyment of members and guests.

Organization Staffing

Lake Montonia Club Incorporated is run by Donald Turner, who is the President. The organization has 1 employee, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are more than 10 volunteers.

Board Governance

Lake Montonia Club Incorporated is governed by a board of ten voting members and ten independent members. The board meetings are documented, and the organization provides copies of the 990 to the board prior to filing. However, there is no conflict of interest policy, no written whistleblower policy, no document retention policy, and no substantiation or review of leadership and officer salaries. Furthermore, the organization has not delegated management to an outside firm. While there is a lack of policies in place to ensure transparency and accountability, the presence of a documented board and the provision of the 990 prior to filing are positive steps towards good governance.

Organization Growth

Over the period from 2015 to 2019, the Lake Montonia Club Incorporated has grown in terms of its financials. Contributions & Grants Received, Program Service Revenue, Other Revenue and Total Revenue have all increased, while Investment Income has decreased. Employee Salaries have also increased. Total Expenses have decreased, however, due to Total Employees remaining at 0 in 2015 and 2019 this does not provide a meaningful comparison. Additionally, the number of volunteers has remained the same over this time period.