Colony Club

The information for Colony Club is as of the organization's most recent filing in March '22. This organization is located in New York, NY. It has been in existence for 88 years, following its founding in 1934.

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 Colony Club's NTEE code is N60, indicating that it falls under the category of Recreation & Sports. Specifically, it is classified as an organization that provides opportunities for people of all ages to learn, compete in, and enjoy organized recreational activities, sports, or games of their choice. These programs are typically offered by local clubs dedicated to a specific activity or sport and may include coaching assistance, access to equipment and facilities, and participation in amateur competitions. The Colony Club's mission is to operate as a private social club organized for the members' social pleasures.

Program Areas

Within the tax exempt club activities program area, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Colony Club is run by Catherine Stanton, who is the President. The organization currently does not have any employees, but there are 10 individuals who are paid over $100k per year (according to the organization's most recent 990 tax filing). Supporting the organization are 100 volunteers.

Board Governance

Colony Club, the provided non-profit organization, appears to be well-governed based on the information provided. With 20 voting members, all of whom are independent, the organization demonstrates a commitment to ensuring diverse perspectives and avoiding potential conflicts of interest. The fact that potential conflicts of interest do not exist further strengthens the organization's governance structure. Additionally, the organization has delegated management to an outside firm, which can provide expertise and professional management to ensure efficient operations. This decision demonstrates a focus on effective governance and strategic decision-making. The documentation of board meetings is another positive aspect of Colony Club's governance. This practice ensures transparency and accountability, allowing members to review decisions and discussions that take place during these meetings. However, it is worth noting that the lack of documentation for committee meetings is a potential area for improvement, as it may limit the visibility and understanding of committee-related decisions and actions. Colony Club's conflict of interest policy, requirement for disclosure of conflicts, and written whistleblower policy further indicate a commitment to ethical practices and transparency. These policies provide a framework for addressing potential conflicts and encouraging the reporting of any unethical behavior. The organization's document retention policy and the substantiation and review of leadership and officer salaries demonstrate a commitment to accountability and financial transparency. By providing copies of the 990 to the board prior to filing, Colony Club ensures that the board has access to financial information and can review and provide oversight before the document is submitted. Overall, based on the information provided, Colony Club appears to be well-governed, with a focus on transparency, accountability, and ethical practices. However, the organization could benefit from implementing a practice of documenting committee meetings to further enhance its governance structure.

Organization Growth

Based on the given data, it can be concluded that Colony Club, a nonprofit organization, has experienced a mixed growth over the given time period. While some aspects of the organization have shown growth, such as Program Service Revenue and Investment Income, other areas have seen a decline. Contributions & Grants Received, Other Revenue, Total Revenue, Employee Salaries, and Total Expenses have all decreased over the given time period. It is important to note that the data for Total Employees and Total Volunteers remained the same throughout the time period, indicating a consistent level of engagement. Overall, Colony Club's growth can be characterized as a combination of both positive and negative changes.