Inverness Club

The information for Inverness Club is as of the organization's most recent filing in December '21. This organization is located in Toledo, OH. It has been in existence for 87 years, following its founding in 1934.

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 Inverness Club's NTEE code is N60. The "N" tells us that the organization is classified as Recreation & Sports, specifically 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, providing coaching assistance, access to equipment and facilities, and organizing amateur competitions at the local or regional level. The Inverness Club's C Section Code is 7, indicating that it falls under the category of Social and Recreational Clubs. The club's mission is to establish and maintain a permanent golf course, tennis, swimming pool, and appropriate buildings for the general use and entertainment of its members and their guests, as well as to obtain and host major golf tournaments and championships.

Program Areas

Program Area 1: The organization's program area number 1 focuses on the operation of a golf course, including the collection of greens fees and rentals of golf carts. This program area is designed to provide pleasure and recreation for the club's members and guests.

Program Area 2: The organization provides tennis courts and paddle tennis areas for the pleasure and recreation of the club's members and guests.

Program Area 3: The organization's program area 3 focuses on the swimming pool and related facilities that are specifically designed for the pleasure and recreation of the club's members and guests.

Organization Staffing

Inverness Club is run by Gregory C Kasper, who is the President. The organization has 299 employees, with only 4 employees being paid over $100k per year. There are no volunteers supporting the paid staff at Inverness Club.

Board Governance

Inverness Club, the provided non-profit organization, appears to be well-governed based on the available information. The organization has 10 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 practices, ensuring that decisions are made in the best interest of the non-profit's mission and beneficiaries. Additionally, the fact that the organization has not delegated management to an outside firm suggests that the board members are actively involved in overseeing the operations and strategic direction of Inverness Club. This hands-on approach to governance allows for greater transparency and accountability. The documentation of both board meetings and committee meetings is another positive indicator of the organization's governance. This practice ensures that decisions and discussions are properly recorded, facilitating transparency and enabling board members to review and assess the organization's activities. Furthermore, the existence of a conflict of interest policy and the requirement for disclosure of conflicts demonstrate that Inverness Club takes proactive measures to address potential conflicts and maintain the integrity of its decision-making processes. While the organization does not have a written whistleblower policy, it does have a document retention policy, which indicates a commitment to maintaining accurate records and complying with legal requirements. Lastly, the substantiation and review of leadership and officer salaries, as well as providing copies of the 990 to the board prior to filing, highlight the organization's commitment to financial transparency and accountability. Overall, based on the information provided, Inverness Club demonstrates strong governance practices, ensuring that the organization operates in a responsible and ethical manner.

Organization Growth

The Inverness Club, a nonprofit organization, has experienced significant growth over the given time period. Contributions and grants received have increased from $0 in 2014 to $936.8K in 2021. Program service revenue has also seen a substantial increase, from $4.3M in 2014 to $9.7M in 2021. Other revenue has similarly grown, from $394.1K in 2014 to $653.5K in 2021. The total revenue of the organization has increased from $4.7M in 2014 to $11.3M in 2021. Employee salaries have also seen a notable increase, from $406.9K in 2014 to $3.0M in 2021. Additionally, the total number of employees has grown from 237 in 2014 to 299 in 2021. Overall, these numbers indicate that the Inverness Club has experienced significant growth over the given time period.