Preakness Hills Country Club

The information for Preakness Hills Country Club is as of the organization's most recent filing in December '21. This organization is located in Wayne, NJ. It has been in existence for 76 years, following its founding in 1945.

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 Preakness Hills Country Club's NTEE code is N60. The "N" tells us that the organization is classified along with Recreation & Sports. The "60" tells us that the organization is focused on 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 programs may be offered by local clubs devoted to a particular activity or sport and provide coaching assistance, access to equipment and facilities, and organize amateur competitions at the local or regional level. The club's mission is to provide golf and other recreational activities for its members, their family, and guests.

Program Areas

Tax Exempt Club Activities fall under the general fund category, where the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Preakness Hills Country Club has 133 employees, with 3 of them being paid over $100k according to the organization's most recent 990 tax filing. Additionally, the club is supported by 19 volunteers.

Board Governance

Preakness Hills Country Club appears to be well-governed based on the provided information. The organization has 17 voting members, all of whom are independent, indicating a diverse and impartial board. This ensures that decisions are made in the best interest of the organization and its mission, without potential conflicts of interest. Additionally, the organization has documented board and committee meetings, indicating 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 governance process. Preakness Hills Country Club also demonstrates good governance practices by having a conflict of interest policy in place. This policy requires disclosure of conflicts and helps prevent any potential biases or unethical behavior. Furthermore, the organization substantiates and reviews leadership and officer's salaries, indicating a commitment to fair compensation practices and financial accountability. While the organization does not have a written whistleblower policy or a document retention policy, the presence of other governance practices suggests that Preakness Hills Country Club is dedicated to maintaining ethical standards and transparency in its operations. Overall, based on the information provided, Preakness Hills Country Club appears to be well-governed, with a focus on transparency, accountability, and the avoidance of conflicts of interest.

Organization Growth

The Preakness Hills Country Club has experienced growth over the given time period. Program Service Revenue increased from $4.8M in 2018 to $5.2M in 2021, Investment Income increased from $47 to $2.6K, and Other Revenue increased from $2.6M to $2.7M. Additionally, Total Revenue increased from $7.3M to $7.8M. However, there were also some areas of decline. Employee Salaries decreased from $3.5M to $2.9M, Total Expenses increased from $7.0M to $9.1M, Total Employees decreased from 148 to 133, and Total Volunteers decreased from 20 to 19. Overall, while there were some decreases in certain areas, the organization's revenue and investment income have grown, indicating overall growth.