Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $11,709,081

• 2a · Program service revenue: FOOD & BEVERAGE MEMBERS

  total $3,489,718 · related or exempt $3,489,718

• 2b · Program service revenue: GOLF SHOP OPERATIONS

  total $2,462,607 · related or exempt $2,462,607

• 2c · Program service revenue: PERSONAL TRAINING, POOL, LOCKERS

  total $834,529 · related or exempt $834,529

• 2d · Program service revenue: FOOD & BEV - NONMEMBERS

  total $606,699 · unrelated business $606,699

• 2e · Program service revenue: TENNIS AND SQUASH

  total $303,711 · related or exempt $303,711

• 7a · Gross sales of assets other than inventory

  other assets $17,383

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

  other assets $0

• 7c · Gain or loss

  other assets $17,383

• 7d · Net gain or loss

  total $17,383 · related or exempt $17,383

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,664,773 · program services $1,364,551 · management and general $300,222

• 7 · Other salaries and wages

  total $6,413,379 · program services $5,256,804 · management and general $1,156,575

• 9 · Other employee benefits

  total $1,278,752 · program services $1,052,696 · management and general $226,056

• 10 · Payroll taxes

  total $823,117 · program services $719,053 · management and general $104,064

• 11c · Fees: accounting

  total $42,500 · management and general $42,500

• 13 · Office expenses

  total $3,955,949 · program services $3,908,017 · management and general $47,932

• 16 · Occupancy

  total $1,071,370 · program services $646,675 · management and general $424,695

• 19 · Conferences, conventions and meetings

  total $35,997 · program services $19,920 · management and general $16,077

• 20 · Interest

  total $137,592 · management and general $137,592

• 22 · Depreciation, depletion and amortization

  total $1,994,575 · management and general $1,994,575

• 23 · Insurance

  total $287,003 · management and general $287,003

• 24a · Other expenses: MISCELLANEOUS

  total $730,858 · program services $580,728 · management and general $150,130

• 24b · Other expenses: UTILITIES

  total $516,438 · program services $506,399 · management and general $10,039

• 24c · Other expenses: CONTRACT SERVICES

  total $358,130 · program services $271,587 · management and general $86,543

• 24d · Other expenses: COMMISSIONS

  total $58,580 · program services $58,580

• 24e · All other expenses

  total $175,910 · program services $133,711 · management and general $42,199

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $238,030 · end of year $203,084

• 2 · Savings and temporary cash investments

  beginning of year $3,950 · end of year $4,650

• 4 · Accounts receivable

  beginning of year $4,129,704 · end of year $4,121,573

• 8 · Inventories for sale or use

  beginning of year $749,404 · end of year $840,143

• 9 · Prepaid expenses and deferred charges

  beginning of year $679,025 · end of year $699,495

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

  $61,265,121

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

  $31,224,563

• 10c · Land, buildings and equipment, net

  beginning of year $31,134,067 · end of year $30,040,558

• 14 · Intangible assets

  beginning of year $630,912 · end of year $656,156

• 17 · Accounts payable and accrued expenses

  beginning of year $1,660,949 · end of year $1,736,658

• 19 · Deferred revenue

  beginning of year $2,716,281 · end of year $2,788,185

• 25 · Other liabilities

  beginning of year $3,313,190 · end of year $2,287,339

• 27 · Net assets without donor restrictions

  beginning of year $29,874,672 · end of year $29,753,477

The filer's explanations (Part III)

FORM 990, SCHEDULE J SUPPLEMENTAL INFORMATION

THE INDIVIDUALS RECEIVING THE HOUSING ALLOWANCE ARE TOP KEY OFFICIALS OF THE ORGANIZATION. THE PROPERTIES ARE OWNED BY THE CLUB AND THE INDIVIDUALS ARE ALLOWED TO STAY IN THE PROPERTIES WITHOUT PAYING RENT. THE AMOUNT OF HOUSING ALLOWANCE ALLOCATED TO THE INDIVIDUALS IS BASED UPON AVERAGE RENTAL RATES IN THE AREA.