Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $12,270,330 · related or exempt $12,270,330

• 2b · Program service revenue: INITIATION FEES

  total $4,671,960 · related or exempt $4,671,960

• 3 · Investment income

  total $600,418 · unrelated business $600,418

• 6a · Gross rents

  real property $49,688

• 6b · Less rental expenses

  real property $147,937

• 6c · Rental income or loss

  real property -$98,249

• 6d · Net rental income or loss

  total -$98,249 · unrelated business -$98,249

• 10a · Gross sales of inventory

  $12,260,992

• 10b · Cost of goods sold

  $2,579,113

• 10c · Net income from sales of inventory

  total $9,681,879 · related or exempt $7,841,547 · unrelated business $1,840,332

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $674,012

• 7 · Other salaries and wages

  total $11,894,384

• 8 · Pension plan contributions

  total $489,199

• 9 · Other employee benefits

  total $1,041,393

• 10 · Payroll taxes

  total $1,037,055

• 11b · Fees: legal

  total $63,866

• 11c · Fees: accounting

  total $64,500

• 11g · Fees: other

  total $206,454

• 13 · Office expenses

  total $1,084,247

• 14 · Information technology

  total $127,321

• 16 · Occupancy

  total $906,745

• 19 · Conferences, conventions and meetings

  total $37,190

• 20 · Interest

  total $800,357

• 22 · Depreciation, depletion and amortization

  total $2,894,978

• 23 · Insurance

  total $378,173

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

  total $98,004

• 24b · Other expenses: GOLF COURSE OPERATIONS

  total $1,532,336

• 24c · Other expenses: FOOD & BEV OPERATIONS

  total $1,312,612

• 24d · Other expenses: CLUBHOUSE OPERATIONS

  total $562,328

• 24e · All other expenses

  total $849,879

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,664,148 · end of year $4,389,605

• 4 · Accounts receivable

  beginning of year $14,077,883 · end of year $12,227,484

• 5 · Loans and receivables from officers and key people

  end of year $450,000

• 8 · Inventories for sale or use

  beginning of year $263,632 · end of year $252,947

• 9 · Prepaid expenses and deferred charges

  beginning of year $602,767 · end of year $472,076

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

  $78,446,527

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

  $26,603,870

• 10c · Land, buildings and equipment, net

  beginning of year $42,962,853 · end of year $51,842,657

• 15 · Other assets

  beginning of year $564,346 · end of year $780,990

• 17 · Accounts payable and accrued expenses

  beginning of year $2,023,889 · end of year $2,541,772

• 19 · Deferred revenue

  beginning of year $1,614,250 · end of year $1,660,457

• 23 · Secured mortgages and notes payable

  beginning of year $16,346,954 · end of year $15,783,445

• 25 · Other liabilities

  beginning of year $564,346 · end of year $780,990

• 27 · Net assets without donor restrictions

  beginning of year $48,586,190 · end of year $49,649,095

The filer's explanations (Part III)

PART I QUESTION 4B

HERBERT JANKOWSKI, STEPHEN O'GRADY, STEVEN DELMAR, WILLIAM MARLOW, JOSEPH MESMER AND MATTHEW SUMPTER ARE ENROLLED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN.