River Club Of New York Inc

The information for River Club Of New York Inc is as of the organization's most recent filing in December 2019. This organization is located in New York, NY. It has been in existence for 81 years, following its founding in 1938.

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 River Club Of New York Inc's NTEE code is N60. The "N" tells us that the organization is classified along with Amateur Sports. The "60" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in and enjoy the organized recreational activity, sport or game of their choice. These programs may offer coaching assistance, access to equipment and facilities, and uniforms, if necessary.

Every organization is also governed by a specific section of 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 River Club Of New York Inc is to promote social interaction and sports among its members and to provide and maintain a clubhouse with appropriate facilities for its members.

Program Areas

The Tax Exempt Club Activities program area covers all activities associated with tax-exempt clubs including any revenues, support, and functional expenses.

Organization Staffing

River Club Of New York Inc is run by Andres Coles, who is the President. The organization has 107 employees, of whom only 5 are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 14 volunteers.

Board Governance

River Club Of New York Inc is a well-governed non-profit organization. The board of directors consists of 14 voting members, all of whom are independent. This ensures that potential conflicts of interest are avoided. The organization has not delegated management to an outside firm, and all board and committee meetings are documented. Furthermore, the organization has a conflict of interest policy, which requires disclosure of any potential conflicts, as well as a written whistleblower policy and document retention policy. Finally, the organization substantiates and reviews both leadership and officer salaries, and provides copies of the 990 to the board prior to filing. All of these measures demonstrate that River Club Of New York Inc is a well-governed non-profit organization.

Organization Growth

The River Club of New York Inc has seen a mixed performance over the given time period. While Program Service Revenue and Investment Income decreased, Other Revenue and Total Revenue increased. Similarly, while Employee Salaries decreased, Total Expenses increased. Total Employees decreased while Total Volunteers remained the same. Overall, the organization appears to have experienced a net increase in revenue.