Totals
- Total revenue
- $5,758,282
- Total expenses
- $6,077,994
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,453,751
- Investment income
- $36,548
- Other revenue
- $267,983
- Total assets, end of year
- $5,494,155
- Total liabilities, end of year
- $1,528,518
- Net assets or fund balances, end of year
- $3,965,637
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES AND AS
total $4,195,049 · related or exempt $4,195,049
-
2b · Program service revenue: INITIATION FEES
total $800,000 · related or exempt $800,000
-
2c · Program service revenue: GREENS FEES AND LOCKER
total $458,702 · related or exempt $424,897 · unrelated business $33,805
-
3 · Investment income
total $12,548 · unrelated business $12,548
-
7a · Gross sales of assets other than inventory
other assets $24,000
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $24,000
-
7d · Net gain or loss
total $24,000 · related or exempt $24,000
-
10a · Gross sales of inventory
$810,934
-
10b · Cost of goods sold
$549,850
-
10c · Net income from sales of inventory
total $261,084 · related or exempt $206,732 · unrelated business $54,352
-
11a · Other revenue: MISCELLANEOUS
total $6,899 · related or exempt $6,899
-
11e · Other revenue, total
$6,899
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $290,036
-
7 · Other salaries and wages
total $2,098,567
-
8 · Pension plan contributions
total $149,752
-
9 · Other employee benefits
total $392,021
-
10 · Payroll taxes
total $243,629
-
11b · Fees: legal
total $37,079
-
11g · Fees: other
total $33,125
-
13 · Office expenses
total $24,423
-
14 · Information technology
total $29,120
-
16 · Occupancy
total $202,551
-
19 · Conferences, conventions and meetings
total $54,169
-
20 · Interest
total $9,211
-
22 · Depreciation, depletion and amortization
total $899,036
-
23 · Insurance
total $117,879
-
24a · Other expenses: OPERATING SUPPLIES
total $835,164
-
24b · Other expenses: GOLF COURSE GROUNDS AND
total $228,858
-
24c · Other expenses: EQUIPMENT RENTALS
total $196,783
-
24d · Other expenses: GOLF SERVICES AND MEMEB
total $106,638
-
24e · All other expenses
total $129,953
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $692,305 · end of year $200,874
-
4 · Accounts receivable
beginning of year $108,659 · end of year $120,449
-
8 · Inventories for sale or use
beginning of year $191,145 · end of year $217,032
-
9 · Prepaid expenses and deferred charges
beginning of year $188,700 · end of year $129,127
-
10a · Land, buildings and equipment: cost or other basis
$18,166,903
-
10b · Land, buildings and equipment: accumulated depreciation
$13,485,455
-
10c · Land, buildings and equipment, net
beginning of year $4,442,873 · end of year $4,681,448
-
15 · Other assets
beginning of year $244,036 · end of year $145,225
-
17 · Accounts payable and accrued expenses
beginning of year $948,280 · end of year $707,022
-
24 · Unsecured notes and loans payable
beginning of year $307,089 · end of year $494,496
-
25 · Other liabilities
beginning of year $327,000 · end of year $327,000
-
27 · Net assets without donor restrictions
beginning of year $4,171,044 · end of year $3,859,181
-
28 · Net assets with donor restrictions
beginning of year $114,305 · end of year $106,456
Mission and programs · 2023
Mission
OLD ELM CLUB IS ORGANIZED TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS THROUGH THE OPERATION OF AN EIGHTEEN HOLE CHAMPIONSHIP GOLF COURSE AND ITS RESTAURANT FACILITIES.
-
GOLF PROGRAM WHICH SERVES ALL RESIDENT AND DISTINGUISHED MEMBERS. THE GOLF PROGRAM PROVIDES GOLF AND FACILITIES FOR THE SOCIAL AND RECREATIONAL BENEFIT OF MEMBERS.
-
RESTAURANT AND CLUBHOUSE FACILITIES PROVIDED FOR THE SOCIAL BENEFIT OF MEMBERS AVAILABLE TO ALL RESIDENT AND DISTINGUISHED MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Jeffrey M WaltersJEFFREY M WALTERS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Samuel K SkinnerSAMUEL K SKINNER
SERETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael S CanmannMICHAEL S CANMANN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Brayton B AlleyBRAYTON B ALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William T BickfordWILLIAM T BICKFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chandler Bigelow IIICHANDLER BIGELOW III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas P FitzgeraldTHOMAS P FITZGERALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Willard G Fraumann End 123WILLARD G FRAUMANN END 123
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ward R HammWARD R HAMM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Potter End 123STEPHEN POTTER END 123
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen R QuazzoSTEPHEN R QUAZZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey W YinglingJEFFREY W YINGLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Curtis JamesCURTIS JAMES
SUPERINTENDENT
- Total calculated
- $290,036
- From this org
- $278,613
- From related orgs
- $0
- Other
- $11,423
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,613
- Bonus
- $27,000
- Other
- $0
- Deferred
- $9,466
- Nontaxable benefits
- $1,957
- Filer's total
- $290,036
-
Jim V FernandezJIM V FERNANDEZ
CONTROLLER
- Total calculated
- $165,338
- From this org
- $157,966
- From related orgs
- $0
- Other
- $7,372
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,966
- Bonus
- $15,000
- Other
- $0
- Deferred
- $5,421
- Nontaxable benefits
- $1,951
- Filer's total
- $165,338
-
Bret LeonBRET LEON
HEAD GOLF PRO
- Total calculated
- $164,031
- From this org
- $157,448
- From related orgs
- $0
- Other
- $6,583
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,138
- Bonus
- $25,000
- Other
- $1,310
- Deferred
- $5,110
- Nontaxable benefits
- $1,473
- Filer's total
- $164,031
-
Richard GarciaRICHARD GARCIA
EXECUTIVE CHEF
- Total calculated
- $134,476
- From this org
- $128,426
- From related orgs
- $0
- Other
- $6,050
- Hours/week
- 40
-
Jason MossJASON MOSS
HEAD GOLF PRO
- Total calculated
- $178,031
- From this org
- $170,238
- From related orgs
- $0
- Other
- $7,793
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,138
- Bonus
- $25,000
- Other
- $14,100
- Deferred
- $6,007
- Nontaxable benefits
- $1,786
- Filer's total
- $178,031
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349319762
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