Inverness Golf Club

The information for Inverness Golf Club is as of the organization's most recent filing in December '21. This organization is located in Inverness, IL. It has been in existence for 62 years, following its founding in 1959.

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 Golf 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 classified as an Amateur Sports organization. The NTEE describes Amateur Sports organizations as those that provide opportunities for people of all ages to learn, compete 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 or instruction, access to equipment and facilities, and organizing amateur competitions at the local or regional level. The Inverness Golf Club is organized for social, recreational, and other nonprofit purposes in accordance with Internal Revenue Code Section 501(c)(7).

Program Areas

The organization operates a golf course, restaurant, swimming pool, and tennis courts within the general fund for the recreation of club members.

Organization Staffing

Inverness Golf Club is run by Kerry Lavelle, who is the President. The organization has 175 employees, of whom only 3 are paid more than $100k per year. Supporting the paid staff are 15 volunteers.

Board Governance

The Inverness Golf Club appears to be well-governed based on the information provided. The organization has a total of 15 voting members, all of whom are independent, suggesting a diverse and unbiased decision-making process. The absence of potential conflicts of interest further supports the notion of a well-governed organization. The fact that the organization has not delegated management to an outside firm indicates that it retains control over its operations and decision-making processes. This can contribute to a more efficient and effective governance structure. The documentation of both board and committee meetings demonstrates a commitment to transparency and accountability. This ensures that decisions and discussions are properly recorded and can be reviewed if necessary. Although the organization does not have a conflict of interest policy or require disclosure of conflicts, the substantiation and review of leadership and officer salaries indicate a commitment to fair compensation practices. This suggests that the organization values ethical conduct and responsible financial management. Lastly, the provision of copies of the 990 form to the board prior to filing demonstrates a commitment to transparency and allows board members to review and provide input on the organization's financial activities. Overall, the Inverness Golf Club appears to have strong governance practices in place, promoting transparency, accountability, and responsible decision-making.

Organization Growth

Based on the given information, it can be concluded that the Inverness Golf Club nonprofit organization has experienced mixed growth over the given time period. While some aspects of the organization have shown growth, such as investment income and other revenue, other areas have experienced a decline. Contributions & Grants Received, Program Service Revenue, Employee Salaries, Total Employees, and Total Volunteers have all decreased over this time period. However, it is important to note that the Total Revenue and Total Expenses have both increased. Overall, it can be said that the organization has experienced a combination of growth and decline in various areas.