Riverton Country Club

The information for Riverton Country Club is as of the organization's most recent filing in March '22. This organization is located in Cinnaminson, NJ. It has been in existence for 62 years, following its founding in 1960.

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 Riverton Country Club'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 specifically focused on Amateur Sports. The NTEE describes organizations in this category 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 programs may be offered by local clubs and provide coaching assistance, access to equipment and facilities, and may sponsor athletes to participate in amateur competitions. The organization's mission is to provide superior facilities, quality programs, and a variety of services for the benefit and enjoyment of its membership and their guests.

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

Riverton Country Club is run by Tom Kearns, who is the President. The organization has 166 employees, of whom only 3 are paid more than $100k per year. Supporting the paid staff are 12 volunteers.

Board Governance

Riverton Country Club appears to be well-governed based on the information provided. The organization has a total of 12 voting members, all of whom are independent, indicating a fair and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the credibility of the organization's governance. The fact that Riverton Country Club has not delegated management to an outside firm suggests that the board maintains direct control over the organization's operations. This allows for better oversight and accountability. Additionally, the documentation of board meetings and committee meetings indicates a commitment to transparency and record-keeping. The presence of a conflict of interest policy and a requirement for disclosure of conflicts demonstrates the organization's dedication to ethical conduct. This policy helps ensure that board members act in the best interest of the organization and its mission. Furthermore, the presence of a written whistleblower policy and a document retention policy highlights the organization's commitment to accountability and the protection of sensitive information. The substantiation and review of leadership and officer salaries indicate that Riverton Country Club takes a responsible approach to compensation. This practice ensures that salaries are reasonable and justified, preventing excessive financial burden on the organization. Lastly, the provision of copies of the 990 form to the board prior to filing demonstrates a commitment to financial transparency. This allows board members to review the organization's financial statements and ensure compliance with legal and regulatory requirements. Overall, based on the information provided, Riverton Country Club appears to have a well-governed structure with strong policies and practices in place to ensure transparency, accountability, and ethical conduct.

Organization Growth

The Riverton Country Club nonprofit organization has experienced growth over the given time period. Program Service Revenue increased from $3.0M in 2018 to $3.9M in 2021, indicating an upward trend in the organization's primary source of income. Other Revenue also saw an increase, rising from $2.1M in 2018 to $3.5M in 2021. Total Revenue, which combines all sources of income, grew from $5.1M in 2018 to $7.4M in 2021. However, Investment Income decreased significantly from $738 in 2018 to $24 in 2021. Despite this, the overall financial growth of the organization is evident. Employee Salaries increased slightly from $2.8M in 2018 to $2.9M in 2021, while Total Expenses rose from $5.3M in 2018 to $7.0M in 2021. The number of Total Employees decreased from 180 in 2018 to 166 in 2021, while Total Volunteers remained the same at 12. Overall, the increase in revenue and expenses, along with the slight decrease in employee numbers, indicates that the Riverton Country Club has grown over the given time period.