Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $8,787,038 · related or exempt $8,787,038

• 2b · Program service revenue: CAPITAL ASSESSMENTS

  total $1,578,626 · related or exempt $1,578,626

• 2c · Program service revenue: INITIATION FEES

  total $585,000 · related or exempt $585,000

• 3 · Investment income

  total $99,046 · unrelated business $99,046

• 6a · Gross rents

  real property $374,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $374,000

• 6d · Net rental income or loss

  total $374,000 · unrelated business $374,000

• 10a · Gross sales of inventory

  $5,281,989

• 10b · Cost of goods sold

  $1,061,591

• 10c · Net income from sales of inventory

  total $4,220,398 · related or exempt $3,188,522 · unrelated business $1,031,876

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $26,376

• 5 · Compensation of officers, directors and key employees

  total $745,159

• 7 · Other salaries and wages

  total $5,193,568

• 8 · Pension plan contributions

  total $71,084

• 9 · Other employee benefits

  total $456,858

• 10 · Payroll taxes

  total $883,728

• 11b · Fees: legal

  total $35,118

• 11c · Fees: accounting

  total $38,000

• 11g · Fees: other

  total $774,813

• 13 · Office expenses

  total $121,012

• 16 · Occupancy

  total $1,065,529

• 20 · Interest

  total $364,195

• 23 · Insurance

  total $568,754

• 24a · Other expenses: UNRELATED BUS. INC. TAX

  total $25,967

• 24b · Other expenses: GOLF COURSE OPERATIONS

  total $1,585,629

• 24c · Other expenses: CAPITAL EXPENDITURES

  total $1,002,493

• 24d · Other expenses: OTHER DEPT. OPERATIONS

  total $652,850

• 24e · All other expenses

  total $507,905

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,129,395 · end of year $660,632

• 2 · Savings and temporary cash investments

  end of year $842,064

• 4 · Accounts receivable

  beginning of year $1,224,468 · end of year $1,005,833

• 8 · Inventories for sale or use

  beginning of year $215,201 · end of year $242,116

• 9 · Prepaid expenses and deferred charges

  beginning of year $224,987 · end of year $134,579

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

  $1

• 10c · Land, buildings and equipment, net

  beginning of year $1 · end of year $1

• 15 · Other assets

  beginning of year $970,101 · end of year $326,742

• 17 · Accounts payable and accrued expenses

  beginning of year $795,966 · end of year $736,112

• 19 · Deferred revenue

  beginning of year $174,133 · end of year $216,941

• 23 · Secured mortgages and notes payable

  beginning of year $10,253,247 · end of year $8,211,582

• 25 · Other liabilities

  beginning of year $302,718 · end of year $284,173

• 27 · Net assets without donor restrictions

  beginning of year -$7,761,911 · end of year -$6,236,841

The filer's explanations (Part III)

PART I, LINE 1A

ALL REIMBURSEMENTS ARE TO BE ACCOMPANIED BY APPROPRIATE RECEIPTS INDICATING DATE, AMOUNT AND DETAILED ITEM EXPLANATION. ALL REIMBURSEMENTS ARE CHECKED AGAINST EACH EMPLOYEES EMPLOYMENT AGREEMENT OR CONTRACT FOR PROPER ADHERENCE TO EACH AGREEMENT. DIRECT REIMBURSEMENTS ARE DISPERSED ON THE LAST DAY OF EACH MONTH. TAXABLE EXPENSES ARE RUN THROUGH THE INDIVIDUAL'S PAYCHECK ON A TIMELY BASIS EACH MONTH