Grand Island Saddle Club 1 Kuesters Lake

The information for Grand Island Saddle Club 1 Kuesters Lake is as of the organization's most recent filing in March 2021. This organization is based in Grand Island, NE and has been in existence for 75 years since it was established in 1946.

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.

Grand Island Saddle Club 1 Kuesters Lake's NTEE code is N60. The "N" tells us that the organization is classified along with Amateur Sports. The "60" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in and enjoy the organized recreational activity, sport or game of their choice.

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 Social and Recreational Clubs.

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 Grand Island Saddle Club 1 Kuesters Lake is to be a social club for members and their guests.

Program Areas

The Grand Island Saddle Club is a social club for members and their guests to enjoy. It offers a variety of activities, including the reporting of all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Grand Island Saddle Club 1 Kuesters Lake is run by Tim Luchsinger, who is the President. The organization has 48 employees, all of whom are paid less than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.

Board Governance

The Grand Island Saddle Club 1 Kuesters Lake is well-governed. The organization has seven voting members and seven independent members, so there is a good balance of perspectives in the decision-making process. The board meetings are documented, and the organization provides copies of the 990 to the board prior to filing. However, there are some areas where the organization could improve its governance. For instance, there is no conflict of interest policy, no whistleblower policy, and no document retention policy in place. Furthermore, the organization does not substantiate and review leadership or officer salaries. Nevertheless, the Grand Island Saddle Club 1 Kuesters Lake is overall well-governed and is taking steps to ensure that it is compliant with all relevant regulations.

Organization Growth

The Grand Island Saddle Club 1 Kuesters Lake nonprofit organization has experienced mixed results over the past five years. Contributions and grants received increased from $295.4K in 2015 to $305.5K in 2020, while investment income decreased from $23.7K to $10.2K. Other revenue also decreased from $688.4K in 2015 to $495.6K in 2020, and total revenue decreased from $1.0M to $812.7K. Employee salaries increased from $461.1K to $514.3K, though total expenses decreased from $936.8K to $831.8K. Total employees increased from 47 to 48, indicating some growth. Overall, the organization has seen a decrease in revenue and expenses over the past five years.