Hillsboro Club Inc

The information for Hillsboro Club Inc is as of the organization's most recent filing in April '22. This organization is located in Hillsboro Beach, FL. It has been in existence for 59 years, following its founding in 1963.

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 Hillsboro Club Inc's NTEE code is N60. The "N" tells us that the organization is classified along with Recreation & Sports. The "60" tells us that the organization is involved in Amateur Sports. The NTEE describes Amateur Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in, and enjoy organized recreational activities, sports, or games of their choice. These programs may be offered by local clubs and provide coaching assistance, access to equipment and facilities, and may sponsor athletes to participate in amateur competitions. The Hillsboro Club Inc falls under the classification of Social and Recreational Clubs, as indicated by its C Section Code of 7. The mission of the organization is to bind its members together by a common objective directed at pleasure and recreation.

Program Areas

Within the general fund, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program. In this case, the club operates and maintains a clubhouse and dining area for its members. The food and beverage revenues for the year were $4,216,435, with $3,237,620 being member-related. Additionally, room revenue for the year was $6,677,112, with $5,577,488 being member-related.

Organization Staffing

Hillsboro Club Inc has 177 employees, with 6 of them being paid over $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 12 volunteers.

Board Governance

Hillsboro Club Inc is a non-profit organization that appears to be well-governed based on the provided information. The organization has a total of 12 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. This ensures that the organization's interests are represented fairly and that potential conflicts of interest are minimized. Furthermore, the organization has implemented several important governance practices. Board meetings and committee meetings are both documented, indicating a commitment to transparency and accountability. This allows for effective communication and decision-making within the organization. Additionally, Hillsboro Club Inc has a conflict of interest policy in place, requiring disclosure of conflicts and ensuring that any potential conflicts are properly managed. The organization also demonstrates a commitment to ethical practices through its written whistleblower policy. This policy encourages individuals to report any misconduct or unethical behavior, ensuring that the organization maintains a high standard of integrity. Additionally, Hillsboro Club Inc has a document retention policy, which ensures that important records and documents are properly maintained and accessible when needed. Another positive aspect of Hillsboro Club Inc's governance is its dedication to reviewing and substantiating leadership and officer salaries. This practice ensures that compensation is fair and reasonable, preventing any potential misuse of funds. Additionally, the organization provides copies of the 990, a financial disclosure form, to the board prior to filing, promoting transparency and accountability in financial reporting. Overall, based on the provided information, Hillsboro Club Inc appears to be well-governed. The organization has implemented various governance practices to ensure transparency, accountability, and ethical conduct. These practices, including documented meetings, conflict of interest and whistleblower policies, and salary review processes, contribute to the effective and responsible management of the organization.

Organization Growth

The nonprofit organization Hillsboro Club Inc has experienced overall growth over the given time period. Program Service Revenue increased from $6.5M in 2014 to $8.9M in 2021, while Other Revenue increased from $2.4M to $3.0M over the same period. Total Revenue also saw an increase, rising from $8.9M in 2014 to $11.6M in 2021. However, there were some areas of decrease, such as Investment Income which decreased from $-21335 in 2014 to $-268378 in 2021. Employee Salaries also decreased from $3.9M to $3.2M. Despite these decreases, the overall revenue and financial growth of the organization indicates that Hillsboro Club Inc has grown over the given time period.