Welcome Lake Rod & Gun Club

The information for Welcome Lake Rod & Gun Club is as of the organization's most recent filing in December '22. This organization is located in Honesdale, PA. It has been in existence for 56 years, following its founding in 1966.

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 Welcome Lake Rod & Gun Club is a recreational organization focused on fishing and hunting. Its NTEE code is N61, indicating its classification within the Recreation & Sports category. Specifically, it falls under the Minor Classification of Fishing & Hunting. This classification describes organizations that provide opportunities for people to learn and compete in activities such as archery, fishing, hunting, and the use of firearms on target ranges. The club operates under a 501(c)(7) status, making it a Social and Recreational Club according to the Internal Revenue Code. The mission of the Welcome Lake Rod & Gun Club is to promote social and recreational opportunities for its members through the preservation and maintenance of lands dedicated to wildlife gaming in Pennsylvania.

Program Areas

Program Area 1: The organization focuses on the preservation and maintenance of privately held undeveloped lands in Pike and Wayne counties in Pennsylvania. These lands are specifically held for the purposes of hunting, fishing, and hiking.

Program Area 2: The organization focuses on the preservation and maintenance of privately held undeveloped lands in Pike and Wayne counties in Pennsylvania. These lands are specifically held for the purposes of hunting, fishing, and hiking.

Board Governance

The Welcome Lake Rod & Gun Club appears to be well-governed based on the provided information. The organization has a total of 9 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 organization's governance structure. The fact that board meetings and committee meetings are documented suggests a commitment to transparency and accountability. This documentation ensures that decisions and discussions are properly recorded and can be referred to in the future if needed. Although the organization does not have specific policies in place for conflict of interest, whistleblower protection, or document retention, these may not be necessary depending on the nature and size of the organization. However, it is worth considering implementing these policies in the future to further enhance governance practices. While the organization does not substantiate or review leadership and officer salaries, this may be acceptable depending on the size and complexity of the organization's operations. However, it is recommended that the board periodically review and evaluate compensation practices to ensure they are reasonable and aligned with the organization's mission. The only potential area for improvement is the organization's practice of providing copies of the 990 form to the board prior to filing. This document is crucial for the board to review and assess the organization's financial activities. Implementing this practice would enhance transparency and allow the board to fulfill its fiduciary responsibilities more effectively. Overall, the Welcome Lake Rod & Gun Club demonstrates good governance practices, but there are a few areas where additional policies and practices could be implemented to further strengthen the organization's governance structure.

Organization Growth

Based on the given information, it can be concluded that the Welcome Lake Rod & Gun Club nonprofit organization has not experienced any growth over the given time period. All the revenue and expense line items remained the same in 2022 as they were in 2022. There were no changes in contributions and grants received, program service revenue, investment income, other revenue, total revenue, or total expenses. Therefore, it can be inferred that the organization has not grown financially during this time period.

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Board, Officers & Key Employees

Name (title)Compensation
Robert Bluff
Treasurer
$0
Ron Firmstone
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$26,700
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,700
Total Program Service Revenue$450
Investment income $4,840
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $196,281
Net Income from Fundraising Events $5,663
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $234,881

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