Form 990 for tax year 2024

2a · Program service revenue: MEMBERSHIP DUES

total $9,062,917 · related or exempt $9,062,917

2b · Program service revenue: INITIATION FEES

total $1,570,371 · related or exempt $1,570,371

2c · Program service revenue: CAPITAL IMPROVEMENT ASSESSMENT

total $1,154,400 · related or exempt $1,154,400

3 · Investment income

total $287,668 · unrelated business $287,668

10a · Gross sales of inventory

$5,733,089

10b · Cost of goods sold

$1,262,482

10c · Net income from sales of inventory

total $4,470,607 · related or exempt $4,114,059 · unrelated business $356,548

5 · Compensation of officers, directors and key employees

total $964,403

7 · Other salaries and wages

total $5,781,655

8 · Pension plan contributions

total $159,570

9 · Other employee benefits

total $931,251

10 · Payroll taxes

total $646,624

11c · Fees: accounting

total $33,615

11g · Fees: other

total $136,365

13 · Office expenses

total $1,308,740

16 · Occupancy

total $908,407

22 · Depreciation, depletion and amortization

total $2,342,911

23 · Insurance

total $377,440

24a · Other expenses: GOLF COURSE OPERATIONS

total $1,080,946

24b · Other expenses: FOOD & BEV OPERATIONS

total $620,412

24c · Other expenses: OTHER SPORTS ACTIVITIES

total $607,943

24d · Other expenses: UNRELATED BUS. INC. TAX

total $76,065

1 · Cash, non-interest-bearing

beginning of year $49,676 · end of year $172,114

2 · Savings and temporary cash investments

beginning of year $2,064,969 · end of year $3,095,276

4 · Accounts receivable

beginning of year $1,471,707 · end of year $858,214

5 · Loans and receivables from officers and key people

end of year $259,140

8 · Inventories for sale or use

beginning of year $440,759 · end of year $482,372

9 · Prepaid expenses and deferred charges

beginning of year $239,237 · end of year $78,232

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

$60,235,464

10b · Land, buildings and equipment: accumulated depreciation

$38,326,991

10c · Land, buildings and equipment, net

beginning of year $21,924,042 · end of year $21,908,473

15 · Other assets

beginning of year $438,766 · end of year $565,834

17 · Accounts payable and accrued expenses

beginning of year $875,412 · end of year $964,171

23 · Secured mortgages and notes payable

beginning of year $35,599 · end of year $40,943

25 · Other liabilities

beginning of year $1,295,126 · end of year $1,427,110

27 · Net assets without donor restrictions

beginning of year $24,423,019 · end of year $24,987,431