Shinnecock Yacht Club

The information for Shinnecock Yacht Club is as of the organization's most recent filing in December '21. This organization is located in Quogue, NY. It has been in existence for 32 years, following its founding in 1989.

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 Shinnecock Yacht Club's NTEE code is N50. The "N" tells us that the organization is classified under Recreation & Sports. The "50" tells us that the organization falls under the category of Recreational Clubs. Recreational Clubs are organizations that provide facilities for recreational activities, sports, and games, as well as social opportunities for members to meet and socialize. The Shinnecock Yacht Club is a membership organization formed under 501(c)(7), and it provides activities such as sailing, competitions, and social events for its members. Additionally, the organization operates a sailing instruction educational program that is open to the public to enhance sailing knowledge.

Program Areas

Program Area 1: The purpose of the club is to encourage its members in the personal control and handling of their yachts in a safe and responsible manner, and to encourage sailing as a sport among the children of Quogue and the surrounding towns. This program area falls within the general fund and includes all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Program Area 2: The organization's goal is to promote a social atmosphere among its members and their families and provide sailing educational programs.

Organization Staffing

Shinnecock Yacht Club has 15 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. The organization does not rely on volunteers for support.

Board Governance

The Shinnecock Yacht Club appears to be well-governed based on the information provided. The organization has 6 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the credibility of the organization's governance. The fact that board meetings and committee meetings are documented demonstrates a commitment to transparency and accountability. This documentation allows for a clear record of discussions, decisions, and actions taken, ensuring that all members are informed and involved in the organization's operations. While the organization does not have specific policies in place for conflicts of interest, whistleblower protection, or document retention, this may not be a cause for concern given the small size and nature of the organization. However, it would be beneficial for the Shinnecock Yacht Club to consider implementing these policies in the future to further enhance its governance practices. Although the organization does not substantiate or review leadership and officer salaries, this may not be a significant issue if the organization operates on a volunteer basis or if compensation is determined through other means. However, it would be beneficial for the organization to provide more transparency in this area to ensure the trust and confidence of its members and stakeholders. Overall, the Shinnecock Yacht Club appears to have a solid governance structure with room for improvement in certain areas. With its commitment to documenting meetings and the absence of conflicts of interest, the organization demonstrates a level of accountability and transparency that is essential for effective governance.

Organization Growth

The Shinnecock Yacht Club, a nonprofit organization, has experienced growth over the given time period. This is evident in the increase in contributions and grants received, which rose from $195.9K in 2016 to $212.1K in 2021. Additionally, the program service revenue also saw an increase from $87.6K in 2016 to $88.3K in 2021. The other revenue also grew from $4.4K in 2016 to $15.1K in 2021. However, there were some areas of decline, such as investment income, which decreased from $45.2K in 2016 to $16.6K in 2021. Despite these declines, the overall trend indicates growth for the Shinnecock Yacht Club.