Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES AND AS

  total $3,983,931 · related or exempt $3,983,931

• 2b · Program service revenue: INITIATION FEES

  total $1,020,000 · related or exempt $1,020,000

• 2c · Program service revenue: GREENS FEES AND LOCKER

  total $436,015 · related or exempt $389,500 · unrelated business $46,515

• 7a · Gross sales of assets other than inventory

  other assets $36,000

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

  other assets $22,024

• 7c · Gain or loss

  other assets $13,976

• 7d · Net gain or loss

  total $13,976 · related or exempt $13,976

• 10a · Gross sales of inventory

  $753,466

• 10b · Cost of goods sold

  $506,046

• 10c · Net income from sales of inventory

  total $247,420 · related or exempt $205,312 · unrelated business $42,108

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $771,123

• 7 · Other salaries and wages

  total $1,883,851

• 8 · Pension plan contributions

  total $166,254

• 9 · Other employee benefits

  total $319,759

• 10 · Payroll taxes

  total $219,069

• 11c · Fees: accounting

  total $33,251

• 11g · Fees: other

  total $23,724

• 13 · Office expenses

  total $29,727

• 14 · Information technology

  total $35,971

• 16 · Occupancy

  total $169,139

• 19 · Conferences, conventions and meetings

  total $51,045

• 20 · Interest

  total $9,148

• 22 · Depreciation, depletion and amortization

  total $828,908

• 23 · Insurance

  total $92,864

• 24a · Other expenses: OPERATING SUPPLIES

  total $663,906

• 24b · Other expenses: GOLF COURSE GROUNDS AND

  total $235,193

• 24c · Other expenses: EQUIPMENT RENTALS

  total $194,003

• 24d · Other expenses: GOLF SERVICES AND MEMEB

  total $142,285

• 24e · All other expenses

  total $170,855

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $975,507 · end of year $692,305

• 4 · Accounts receivable

  beginning of year $182,826 · end of year $108,659

• 8 · Inventories for sale or use

  beginning of year $2,671 · end of year $191,145

• 9 · Prepaid expenses and deferred charges

  beginning of year $84,693 · end of year $188,700

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

  $17,058,183

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

  $12,615,310

• 10c · Land, buildings and equipment, net

  beginning of year $4,867,821 · end of year $4,442,873

• 15 · Other assets

  beginning of year $0 · end of year $244,036

• 17 · Accounts payable and accrued expenses

  beginning of year $689,147 · end of year $948,280

• 24 · Unsecured notes and loans payable

  beginning of year $193,289 · end of year $307,089

• 25 · Other liabilities

  beginning of year $607,000 · end of year $327,000

• 27 · Net assets without donor restrictions

  beginning of year $4,530,927 · end of year $4,171,044

• 28 · Net assets with donor restrictions

  beginning of year $93,155 · end of year $114,305

The filer's explanations (Part III)

PART I, LINE 4B

J. KEVIN MARION: $20,000