Old Oaks Country Club Inc

The information for Old Oaks Country Club Inc is as of the organization's most recent filing in November '21. This organization is located in Purchase, NY. It has been in existence for 84 years, following its founding in 1937.

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 Old Oaks Country Club Inc's NTEE code is N60. The "N" tells us that the organization is classified under 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 organizations may offer coaching assistance, access to equipment and facilities, and may sponsor or arrange for athletes to participate in amateur competitions. The Old Oaks Country Club Inc is focused on providing recreational opportunities and promoting an interest in outdoor sports among its members. They own, control, and operate a clubhouse and other facilities for the recreation and enjoyment of their members.

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

Old Oaks Country Club Inc is run by Michael Rosenthal, who is the President. The organization has 168 employees, of whom 8 are paid more than $100k per year. Supporting the paid staff are 17 volunteers.

Board Governance

Old Oaks Country Club Inc appears to be well-governed based on the provided information. The organization has a total of 16 voting members, all of whom are independent. This ensures a diverse range of perspectives and reduces the potential for conflicts of interest within the board. Additionally, the organization does not delegate management to an outside firm, indicating that decision-making and oversight responsibilities are kept within the organization. One of the key indicators of good governance is the documentation of board and committee meetings, which Old Oaks Country Club Inc adheres to. This demonstrates transparency and accountability in their decision-making processes. Furthermore, the organization has implemented a conflict of interest policy, requiring disclosure of any conflicts that may arise. This policy helps to ensure that board members act in the best interest of the organization and its mission. Old Oaks Country Club Inc also has several other important governance policies in place. They have a written whistleblower policy, which encourages employees and stakeholders to report any wrongdoing or unethical behavior. Additionally, the organization has a document retention policy, which ensures that important records are properly maintained and accessible when needed. The substantiation and review of leadership and officer salaries further indicate a commitment to financial transparency and accountability. However, one area of improvement for Old Oaks Country Club Inc could be the provision of copies of the 990 form to the board prior to filing. The 990 form is a crucial document that provides financial information about the organization, and having access to it before it is filed allows board members to review and ensure accuracy. Overall, based on the information provided, Old Oaks Country Club Inc demonstrates strong governance practices that contribute to its effective and responsible management.

Organization Growth

Old Oaks Country Club Inc has experienced growth over the given time period. The program service revenue increased from $8.3M in 2017 to $9.8M in 2020, indicating a positive trend. Other revenue also saw an increase from $3.2M in 2017 to $4.1M in 2020. Additionally, the total revenue grew from $11.5M in 2017 to $14.0M in 2020. The number of employees and volunteers also increased, with 161 employees in 2017 and 168 employees in 2020, and 16 volunteers in 2017 and 17 volunteers in 2020. However, it is worth noting that total expenses decreased from $13.0M in 2017 to $12.6M in 2020. Overall, the nonprofit organization has shown growth in various aspects, including revenue, employee count, and volunteer count.