Water Mill Beach Club Inc

The information for Water Mill Beach Club Inc is as of the organization's most recent filing in December '22. This organization is located in Southampton, NY. It has been in existence for 83 years, following its founding in 1939.

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 Water Mill Beach Club Inc'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 involved in Recreation & Sports. 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 meet and socialize, as well as special interest clubs that allow individuals to share hobbies or other interests. The Water Mill Beach Club Inc is classified as a 501(c)(7) organization, which is a type of Social and Recreational Club according to the Internal Revenue Code. The mission of the organization is to provide club facilities for its members.

Program Areas

The tennis and beach club program area, which operates only during the summer, focuses on reporting all revenues, support, and functional expenses that are specific to its operations and not accounted for by any other fund or program.

Organization Staffing

Water Mill Beach Club Inc is run by Christopher Wetter, who is the President. The organization has 19 employees, none of whom are paid more than $100k per year. Additionally, there are no volunteers supporting the paid staff.

Board Governance

Water Mill Beach Club Inc appears to be well-governed based on the information provided. The organization has a total of 7 voting members, all of whom are independent. This ensures that decisions made by the board are not biased and are in the best interest of the organization. Additionally, the absence of potential conflicts of interest further strengthens the organization's governance. The fact that board meetings and committee meetings are documented indicates a commitment to transparency and accountability. This documentation allows for a clear record of discussions, decisions, and actions taken during these meetings, ensuring that all members are informed and can provide input when necessary. Although the organization does not have a conflict of interest policy or require disclosure of conflicts, the presence of a document retention policy indicates a commitment to maintaining important records. This policy ensures that important documents, such as financial records and meeting minutes, are securely stored and easily accessible when needed. Furthermore, providing copies of the 990 form to the board prior to filing demonstrates a commitment to financial transparency. This allows board members to review the organization's financial information and ensure that it is being managed responsibly. Overall, Water Mill Beach Club Inc appears to have a solid governance structure in place, with a focus on transparency, accountability, and responsible financial management.

Organization Growth

The nonprofit organization, Water Mill Beach Club Inc, has experienced growth over the given time period. Several key indicators demonstrate this growth. Program Service Revenue increased from $514.1K in 2015 to $585.8K in 2022, indicating an upward trend in the organization's primary revenue source. Total Revenue also increased from $522.1K in 2015 to $586.3K in 2022, further supporting the notion of growth. Additionally, the number of employees increased from 11 in 2015 to 19 in 2022, suggesting an expansion in the organization's workforce. However, it is important to note that while the organization's revenue and employee count grew, expenses also increased from $416.0K in 2015 to $602.6K in 2022. This indicates that the organization may be facing higher costs and should carefully manage its expenses to sustain its growth.