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Nonprofiteer
← BRAE BURN COUNTRY CLUB INC

Form 990 for tax year 2022

Filed by BRAE BURN COUNTRY CLUB INC.

Totals

Total revenue
$13,393,880
Total expenses
$12,304,696
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,276,093
Investment income
$230,712
Other revenue
$3,887,075
Total assets, end of year
$48,919,754
Total liabilities, end of year
$8,698,192
Net assets or fund balances, end of year
$40,221,562
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

    total $7,930,290 · related or exempt $7,930,290

  • 2b · Program service revenue: CAPITAL & RENOVATION A

    total $1,008,641 · related or exempt $1,008,641

  • 2c · Program service revenue: OPERATING ASSESSMENT

    total $182,162 · related or exempt $182,162

  • 2d · Program service revenue: INITIATION FEES

    total $155,000 · related or exempt $155,000

  • 3 · Investment income

    total $230,712 · unrelated business $230,712

  • 10a · Gross sales of inventory

    $5,115,398

  • 10b · Cost of goods sold

    $1,228,323

  • 10c · Net income from sales of inventory

    total $3,887,075 · related or exempt $2,373,999 · unrelated business $1,513,076

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $822,534

  • 7 · Other salaries and wages

    total $4,571,002

  • 8 · Pension plan contributions

    total $160,983

  • 9 · Other employee benefits

    total $824,806

  • 10 · Payroll taxes

    total $575,881

  • 11b · Fees: legal

    total $32,856

  • 11c · Fees: accounting

    total $28,160

  • 11g · Fees: other

    total $570,241

  • 13 · Office expenses

    total $502,399

  • 16 · Occupancy

    total $913,317

  • 20 · Interest

    total $260,207

  • 23 · Insurance

    total $246,799

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

    total $59,754

  • 24b · Other expenses: GOLF COURSE OPERATIONS

    total $951,995

  • 24c · Other expenses: OTHER DEPT OPERATIONS

    total $843,246

  • 24d · Other expenses: FOOD & BEV OPERATIONS

    total $787,627

  • 24e · All other expenses

    total $152,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,922 · end of year $2,778

  • 2 · Savings and temporary cash investments

    beginning of year $3,297,471 · end of year $4,310,596

  • 4 · Accounts receivable

    beginning of year $1,699,832 · end of year $550,514

  • 8 · Inventories for sale or use

    beginning of year $139,680 · end of year $92,046

  • 9 · Prepaid expenses and deferred charges

    beginning of year $184,595 · end of year $181,394

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

    $42,622,313

  • 10c · Land, buildings and equipment, net

    beginning of year $41,326,170 · end of year $42,622,313

  • 15 · Other assets

    beginning of year $1,027,533 · end of year $1,160,113

  • 17 · Accounts payable and accrued expenses

    beginning of year $915,254 · end of year $1,114,693

  • 23 · Secured mortgages and notes payable

    beginning of year $7,460,348 · end of year $7,279,208

  • 25 · Other liabilities

    beginning of year $301,803 · end of year $304,291

  • 27 · Net assets without donor restrictions

    beginning of year $38,999,798 · end of year $40,221,562

Mission and programs · 2022

Mission

THE OBJECT OF THE CLUB IS TO PROMOTE SOCIAL ACTIVITIES AMONG THE MEMBERS AND TO ENCOURAGE AND STIMULATE THE INTEREST IN GOLF AND OTHER SPORTS FOR THE ENJOYMENT OF MEMBERS AND THEIR FAMILIES.

Activities or mission (Part I)

THE OBJECT OF THE CLUB IS TO PROMOTE SOCIAL ACTIVITIES AMONG THE MEMBERS & TO ENCOURAGE & STIMULATE THE INTEREST IN GOLF & OTHER SPORTS FOR THE ENJOYMENT OF MEMBERS.

  • TAX EXEMPT CLUB ACTIVITIES.

As filed on the 2022 return.

Listed in Part VII

  • Matthew Snyder

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Paul Friedman

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • David Sherman

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • William Schultz

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Meredith Kornreich

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Josh Adler

    GOVERNOR

    Total calculated
    $0
    Hours/week
    3

  • Steven Greenspan

    GOVERNOR

    Total calculated
    $0
    Hours/week
    3

  • Bernie Jacob

    GOVERNOR

    Total calculated
    $0
    Hours/week
    3

  • Peter Morgenstern

    GOVERNOR

    Total calculated
    $0
    Hours/week
    3

  • Amy Shanus

    GOVERNOR

    Total calculated
    $0
    Hours/week
    3

  • Adam Vickers

    GOVERNOR

    Total calculated
    $0
    Hours/week
    3

  • Blake A Halderman

    GREENS SUPERINTENDENT

    Total calculated
    $425,569
    From this org
    $341,063
    From related orgs
    $0
    Other
    $84,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,363
    Bonus
    $13,700
    Other
    $0
    Deferred
    $26,844
    Nontaxable benefits
    $57,662
    Filer's total
    $425,569

  • Danielle Humphreys

    GENERAL MANAGER

    Total calculated
    $196,302
    From this org
    $179,063
    From related orgs
    $0
    Other
    $17,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,063
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,239
    Filer's total
    $196,302

  • Nicholas Yaun

    GOLF PROFESSIONAL

    Total calculated
    $287,435
    From this org
    $271,656
    From related orgs
    $0
    Other
    $15,779
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,061
    Bonus
    $0
    Other
    $38,595
    Deferred
    $0
    Nontaxable benefits
    $15,779
    Filer's total
    $287,435

  • Thomas E Isidori

    EXECUTIVE CHEF

    Total calculated
    $178,736
    From this org
    $178,736
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,736
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $178,736

  • Kevin P Markus

    CONTROLLER

    Total calculated
    $165,418
    From this org
    $154,851
    From related orgs
    $0
    Other
    $10,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,601
    Bonus
    $20,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,567
    Filer's total
    $165,418

  • Spencer Rajasingham

    CHEF DE CUISINE

    Total calculated
    $102,493
    From this org
    $102,493
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jorge Lopez

    GOLF STARTER

    Total calculated
    $102,489
    From this org
    $102,489
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4A
DANIELLE HUMPHREYS RECEIVED SEVERANCE (INCLUDED IN THE WAGE SCHEDULE) WHEN HER CONTRACT WAS NOT RENEWED.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BBCC HOLDINGS LLC

    HOLDING CO. · NY

    Directly controlled by THE CLUB

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202402289349301240

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