Clearwater Club Corporation

The information for Clearwater Club Corporation is as of the organization's most recent filing in December 2019. This organization is located in Summit, NJ. It has been in existence for 63 years, following its founding in 1956.

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 Clearwater Club Corporation's NTEE code is N50. The "N" tells us that the organization is classified along with Recreational Clubs. The "50" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that make available to members and their guests facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize with their peers, and special interest clubs which enable people to share hobbies or other interests with individuals with those same interests.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as those engaged in Social and Recreational Clubs work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Clearwater Club Corporation is to provide swimming, tennis, and paddle tennis to local families.

Program Areas

The organization provides swimming, tennis, and paddle tennis to the community in the Summit, NJ area. Membership dues make up the organization's primary source of support. All revenues, support, and functional expenses related to the organization are reported within the general fund.

Organization Staffing

Clearwater Club Corporation has 64 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 9 volunteers.

Board Governance

The Clearwater Club Corporation is very well governed. With nine voting members and nine independent members, there is a strong sense of accountability within the organization. Additionally, potential conflicts of interest are non-existent and the organization has not delegated its management to an outside firm. Board and committee meetings are documented and the organization provides copies of the 990 to the board prior to filing. However, Clearwater Club Corporation does not have a conflict of interest policy, disclosure of conflicts, a written whistleblower policy, or a document retention policy. Additionally, the organization does not substantiate and review leadership or officer salaries. Despite these shortcomings, the Clearwater Club Corporation is still well governed.

Organization Growth

Based on the data provided, it appears that the Clearwater Club Corporation has experienced growth over the given time period. This is evidenced by the increases in Program Service Revenue, Total Revenue, Employee Salaries, and Total Expenses. However, it should also be noted that the number of Total Employees and Total Volunteers decreased, indicating that the growth may not be due to an increase in workforce.