Creek INC FY2021 filing

Not tax-deductible

Locust Valley, NY501(c)(7)Since 1923EIN 11-0613408

To create an enjoyable atmosphere for our club members and their guests by providing the highest quality services for their social, recreational and dining experiences.

$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(7)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
No
Donations are not tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 6
years in the black
Pt I · Ln 19 · 6 filings
What are leaders paid?
$1.5M
to officers and key staff · 14% of spending
Pt VII · Sec A
Do they have reserves?
4 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $878
Funders’ Sch. I, 990-PF
Do they carry debt?
$884K
liabilities
Pt X · Ln 26
Who oversees it?
15
independent of 15 voting board members
Pt VI · Ln 1a–1b
Revenue
$11.6M
-4% vs prior year
Spent
$10.6M
Net assets
$4.7M
By yearFY2020–FY2025
Revenue
$11.6M
FY2021▼ -4%
Revenue by fiscal year
FY2020$12.1M
FY2021$11.6M
FY2022$13.7M
FY2023$15.3M
FY2024$21.3M
FY2025$20.0M
Expenses
$10.6M
FY2021▼ -5%
Expenses by fiscal year
FY2020$11.2M
FY2021$10.6M
FY2022$14.0M
FY2023$14.9M
FY2024$20.7M
FY2025$20.2M
Net assets
$4.7M
FY2021▲ +30%
Net assets by fiscal year
FY2020$3.6M
FY2021$4.7M
FY2022$4.4M
FY2023$4.8M
FY2024$5.5M
FY2025$5.3M

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CCreek INC
EINHdr · item D11-0613408
Exempt statusHdr · item I501(c)(7) · active
Ruling yearIRS BMFOct 1942
Year of formationHdr · item L1923
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CLocust Valley, NY
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.creek.net

Financial health

Is it on solid ground?

Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$5.6M
FY2021▲ +24%
Total assets by fiscal year
FY2020$4.5M
FY2021$5.6M
FY2022$5.4M
FY2023$6.1M
FY2024$9.3M
FY2025$7.4M
Total liabilities
$884K
FY2021▼ -1%
Total liabilities by fiscal year
FY2020$898K
FY2021$884K
FY2022$965K
FY2023$1.2M
FY2024$3.8M
FY2025$2.1M
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$5.6M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Balance Sheet

Part X · end of year
CashLn 1$3.9M
Total assetsLn 16$5.6M
Total liabilitiesLn 26$884K
Total net assetsLn 32$4.7M
Months of cash on handcomputed4.5

Statement of Revenue

Part VIII
Program service revenue$8.0M · 69%
Other revenue$3.0M · 26%
Contributions & grants$610K · 5%
Program service revenue69%$8.0M
Other revenue26%$3.0M
Contributions & grants5%$610K
Investment income$3K
Total revenueLn 12$11.6M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.9M · Operating expenses/yr $10.6M
4.5 months
Where the money goes
Program services
Program services — · Total expenses $10.6M
—
Management & General
Management & general — · Total expenses $10.6M
—
Fundraising
Fundraising — · Total expenses $10.6M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $610K · Total revenue $11.6M
5%
Government reliance
Government grants — · Total revenue $11.6M
—
Earned-income share
Program service revenue $8.0M · Total revenue $11.6M
69%
Investment reliance
Investment income $3K · Total revenue $11.6M
+0.03%
Program self-sufficiency
Program service revenue $8.0M · Total expenses $10.6M
76%
Growth & trend
Revenue growth (YoY)
This year $11.6M · Prior year $12.1M
-4%
Net-asset trend (YoY)
End of year $4.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11.6M · Expenses $10.6M
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $5.6M
—
Net-asset ratio
Net assets $4.7M · Total assets $5.6M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adam Wilkins · Reported title GROUNDS SUPERINTENDENT · Highest reported compensation $287K · Total expenses $10.6M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.6M · Total expenses $10.6M
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%——
Revenue growth -4%——
Legal fee ratio 0.2%——
Accounting fee ratio 0.3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Grounds Superintendent
$286,995Pt VII · Sec A
General Manager
$272,673Pt VII · Sec A
Executive Chef
$189,778Pt VII · Sec A
Chief Financial Officer
$175,396Pt VII · Sec A
Golf Professional
$152,859Pt VII · Sec A
Assistant General Manager
$149,326Pt VII · Sec A
Facilities Director
$126,189Pt VII · Sec A
$124,935Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Chad Chadwell$382,244$252,971————
Adam Wilkins$279,288$314,655$292,391$286,293$286,995$265,249
J Daniel Campbell——$307,195$301,610$272,673$247,056
Thomas Cooper—$274,328$252,433$203,047——
Vincent Russo$232,796$231,789$207,892$192,321$189,778$149,825
Glen Godron$201,772—————
Glen Gordon—$193,346————
Mary Poniktera———$177,311——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 15Voting board membersPt VI · Ln 1a
  • 15Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Provides high-quality social, recreational, and dining services for members and guests.

Provided by the organization

This section is blank until Creek INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

Tax exempt club activities.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$878

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $20.0M$20.2M-6% 990 PDF
FY2024 $21.3M$20.7M+39% 990 PDF
FY2023 $15.3M$14.9M+12% 990 PDF
FY2022 $13.7M$14.0M+18% 990 PDF
FY2021 Viewing $11.6M$10.6M-4% 990 PDF
FY2020 $12.1M$11.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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