Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $10,112,513

• 2a · Program service revenue: GOLF OUTING REVENUE

  total $84,215 · related or exempt $84,215

• 2b · Program service revenue: MISCELLANEOUS

  total $37,303 · related or exempt $37,303

• 2c · Program service revenue: PICNIC REVENUE

  total $8,680 · related or exempt $8,680

• 3 · Investment income

  total $401,815 · excluded $401,815

• 6a · Gross rents

  real property $1,800

• 6b · Less rental expenses

  real property $15,050

• 6c · Rental income or loss

  real property -$13,250

• 6d · Net rental income or loss

  total -$13,250 · excluded -$13,250

• 7a · Gross sales of assets other than inventory

  securities $1,327,074

• 7b · Less cost or other basis and sales expenses

  securities $1,217,943

• 7c · Gain or loss

  securities $109,131

• 7d · Net gain or loss

  total $109,131 · excluded $109,131

• 10a · Gross sales of inventory

  $405,316

• 10b · Cost of goods sold

  $468,792

• 10c · Net income from sales of inventory

  total -$63,476 · related or exempt -$63,476

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $60,601

• 2 · Grants to domestic individuals

  total $20,000

• 4 · Benefits paid to or for members

  total $701,781

• 5 · Compensation of officers, directors and key employees

  total $1,954,741

• 7 · Other salaries and wages

  total $596,557

• 9 · Other employee benefits

  total $107,392

• 10 · Payroll taxes

  total $122,793

• 11b · Fees: legal

  total $2,937,661

• 11c · Fees: accounting

  total $76,390

• 11d · Fees: lobbying

  total $141,405

• 11f · Fees: investment management

  total $74,423

• 11g · Fees: other

  total $2,970

• 13 · Office expenses

  total $9,310

• 14 · Information technology

  total $84,624

• 16 · Occupancy

  total $175,175

• 17 · Travel

  total $8,202

• 19 · Conferences, conventions and meetings

  total $72,854

• 22 · Depreciation, depletion and amortization

  total $137,332

• 23 · Insurance

  total $73,197

• 24a · Other expenses: PAC FUND DONATIONS AND

  total $1,123,500

• 24b · Other expenses: MEMBER INSURANCE

  total $209,304

• 24c · Other expenses: DIRECT COLLECTIVE BARGA

  total $159,636

• 24d · Other expenses: SPONSORSHIP AND ADVERTI

  total $135,735

• 24e · All other expenses

  total $843,210

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,612,652 · end of year $4,332,658

• 4 · Accounts receivable

  beginning of year $468,879 · end of year $484,808

• 8 · Inventories for sale or use

  beginning of year $92,176 · end of year $83,253

• 9 · Prepaid expenses and deferred charges

  beginning of year $556,502 · end of year $559,809

• 10a · Land, buildings and equipment: cost or other basis

  $4,345,310

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,789,942

• 10c · Land, buildings and equipment, net

  beginning of year $1,699,928 · end of year $1,555,368

• 11 · Investments: publicly traded securities

  beginning of year $9,815,638 · end of year $10,362,453

• 12 · Investments: other securities

  beginning of year $1,546,952 · end of year $1,621,471

• 17 · Accounts payable and accrued expenses

  beginning of year $1,572,947 · end of year $1,497,119

• 19 · Deferred revenue

  beginning of year $167,920 · end of year $174,630

• 25 · Other liabilities

  beginning of year $230,000 · end of year $230,000

• 27 · Net assets without donor restrictions

  beginning of year $9,962,851 · end of year $10,327,813

• 28 · Net assets with donor restrictions

  beginning of year $5,859,009 · end of year $6,770,258

The filer's explanations (Part III)

PART I, LINE 1A

THE LODGE PROVIDED FIRST CLASS TRAVEL TO THE PRESIDENT ON A LIMITED NUMBER OF OCCASIONS, FOR LONGER DURATION DOMESTIC FLIGHTS.

PART I, LINE 1B

THE LODGE DID NOT HAVE A WRITTEN TRAVEL POLICY IN PLACE DURING 2024. A COMMITTEE HAS BEEN FORMED TO FORMALIZE A WRITTEN TRAVEL POLICY IN 2026.