Sakonnet Point Club

The information for Sakonnet Point Club is as of the organization's most recent filing in December '21. This organization is located in Little Compton, RI. It has been in existence for 22 years, following its founding in 1999.

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 Sakonnet Point Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization is a Recreational Club. The NTEE describes Recreational Clubs as organizations that provide facilities for recreational activities, sports, and games. They also include social clubs that offer opportunities for people to socialize and special interest clubs that allow individuals to share hobbies or interests. The Sakonnet Point Club's mission is to revitalize a historic harbor property, preserve its heritage, and provide members and their guests access to Sakonnet Waters. They also offer activities such as boating, swimming, exercising, dining, and socializing in a beautiful setting with harbor and ocean views. The club aims to maintain a relaxed, family-focused, and welcoming atmosphere while managing its financial affairs responsibly.

Program Areas

Program Area 1: Club Services includes 398 members and 224 off-season privilege holders, offering social and recreational opportunities for members and their guests. This program area falls within 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: The organization provides waterfront facilities for its members to launch their boats.

Program Area 3: The club offers personal training services, massage therapy, and a variety of activities to support health and wellness.

Organization Staffing

Sakonnet Point Club is run by Morrison Scott A, who is the President of the organization. The club has 105 employees, with only one employee being paid over $100k per year. Additionally, there are 19 volunteers who support the club's operations.

Board Governance

The Sakonnet Point Club, a non-profit organization, appears to be well-governed based on the provided information. With a total of 14 voting members, all of whom are independent, the organization demonstrates a commitment to ensuring a diverse and impartial decision-making process. The absence of potential conflicts of interest further strengthens the organization's governance structure, allowing for unbiased and objective decision-making. The fact that the organization has not delegated management to an outside firm suggests that the board has a direct role in overseeing the operations and strategic direction of the organization. This hands-on approach can contribute to effective governance by ensuring transparency and accountability. The documentation of both board and committee meetings is a positive indication of the organization's commitment to transparency and record-keeping. This practice allows for clear communication and ensures that decisions and discussions are properly documented for future reference. The presence of conflict of interest, whistleblower, and document retention policies further demonstrates the organization's commitment to ethical conduct and accountability. Requiring disclosure of conflicts and having a written whistleblower policy provides a mechanism for addressing any potential misconduct or unethical behavior. Additionally, the document retention policy ensures that important records are properly preserved and accessible when needed. However, it is worth noting that the organization does not substantiate and review officer's salaries, which could potentially raise questions regarding the fairness and transparency of compensation practices. Additionally, the organization does not provide copies of the 990 to the board prior to filing, which may limit the board's ability to thoroughly review the organization's financial information. Overall, the Sakonnet Point Club appears to have a strong governance structure, with several policies and practices in place to ensure transparency, accountability, and ethical conduct. However, there are a few areas where improvements could be made to further enhance the organization's governance practices.

Organization Growth

The Sakonnet Point Club nonprofit organization has experienced growth over the given time period. Contributions and grants received increased from $0 in 2015 to $190.2K in 2021. Program service revenue also saw an increase from $1.6M in 2015 to $1.7M in 2021. Investment income grew from $327 in 2015 to $8.9K in 2021. Other revenue increased from $-285,109 in 2015 to $-176,072 in 2021. Total revenue increased from $1.3M in 2015 to $1.8M in 2021. Employee salaries increased from $203.9K in 2015 to $346.3K in 2021. Total expenses increased from $1.1M in 2015 to $1.3M in 2021. The organization also saw an increase in the number of employees, from 79 in 2015 to 105 in 2021, as well as an increase in the number of volunteers, from 14 in 2015 to 19 in 2021. Overall, the Sakonnet Point Club has grown in various aspects over the given time period.