Cedarhurst Yacht Club

The information for Cedarhurst Yacht Club is as of the organization's most recent filing in December '21. This organization is located in Lawrence, NY. It has been in existence for 79 years, following its founding in 1942.

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 Cedarhurst 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 opportunities for socializing and meeting peers. The Cedarhurst Yacht Club's mission is to encourage social recreation in yachting and maintain a clubhouse for the enjoyment of its 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

Cedarhurst Yacht Club has 10 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 15 volunteers.

Board Governance

Cedarhurst Yacht Club appears to be well-governed based on the information provided. The organization has 15 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further enhances the credibility of the organization's governance. The fact that the board meetings and committee meetings are documented is another positive aspect. Documenting these meetings ensures transparency and accountability, allowing for a clear record of discussions and decisions made. This practice also helps in maintaining consistency and continuity within the organization. While Cedarhurst Yacht Club does not have specific policies in place for conflicts of interest, whistleblower protection, document retention, and review of leadership salaries, the organization does provide copies of the 990 to the board prior to filing. This demonstrates a level of transparency and financial accountability, as board members have access to the organization's financial information and can review it before it is submitted to the appropriate authorities. Overall, Cedarhurst Yacht Club appears to have a well-functioning governance structure. The organization's commitment to documenting meetings and providing financial information to the board indicates a responsible and transparent approach to its operations. However, it would be beneficial for the organization to consider implementing policies related to conflicts of interest, whistleblower protection, and document retention to further strengthen its governance practices.

Organization Growth

The Cedarhurst Yacht Club has experienced both growth and decline over the given time period. The organization saw an increase in contributions and grants received, as well as an increase in program service revenue. However, there was a decrease in other revenue and total revenue. Additionally, employee salaries, total expenses, total employees, and total volunteers all decreased over this time period. Overall, while certain areas of the organization have grown, there have also been declines in other aspects, indicating a mixed trend of growth and contraction.