Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $2,993,852 · related or exempt $2,993,852

• 2b · Program service revenue: CAPITAL CHARGES

  total $705,820 · related or exempt $705,820

• 2c · Program service revenue: INITIATION FEES

  total $650,660 · related or exempt $650,660

• 3 · Investment income

  total $144,664 · unrelated business $144,664

• 10a · Gross sales of inventory

  $2,079,645

• 10b · Cost of goods sold

  $322,997

• 10c · Net income from sales of inventory

  total $1,756,648 · related or exempt $1,743,233 · unrelated business $13,415

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $209,997

• 7 · Other salaries and wages

  total $2,468,126

• 8 · Pension plan contributions

  total $75,000

• 9 · Other employee benefits

  total $279,899

• 10 · Payroll taxes

  total $279,565

• 11c · Fees: accounting

  total $25,334

• 11f · Fees: investment management

  total $243

• 11g · Fees: other

  total $328,358

• 13 · Office expenses

  total $469,142

• 14 · Information technology

  total $91,996

• 16 · Occupancy

  total $304,561

• 17 · Travel

  total $31,683

• 22 · Depreciation, depletion and amortization

  total $537,253

• 23 · Insurance

  total $66,191

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

  total $37,943

• 24b · Other expenses: GOLF COURSE OPERATIONS

  total $397,793

• 24c · Other expenses: OTHER DEPTS. OPERATIONS

  total $124,965

• 24d · Other expenses: MISC

  total $113,691

• 24e · All other expenses

  total $27,392

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $459,691 · end of year $467,647

• 2 · Savings and temporary cash investments

  beginning of year $2,413,340 · end of year $2,775,853

• 4 · Accounts receivable

  beginning of year $42,697 · end of year $89,675

• 8 · Inventories for sale or use

  beginning of year $20,151 · end of year $28,786

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,943 · end of year $13,998

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

  $16,822,493

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

  $10,560,170

• 10c · Land, buildings and equipment, net

  beginning of year $6,215,000 · end of year $6,262,323

• 11 · Investments: publicly traded securities

  beginning of year $13,505 · end of year $10,383

• 15 · Other assets

  beginning of year $199,716 · end of year $147,378

• 17 · Accounts payable and accrued expenses

  beginning of year $165,907 · end of year $255,063

• 25 · Other liabilities

  beginning of year $199,716 · end of year $147,378

• 27 · Net assets without donor restrictions

  beginning of year $8,784,163 · end of year $9,170,397

• 28 · Net assets with donor restrictions

  beginning of year $34,417 · end of year $30,365

The filer's explanations (Part III)

PART I, LINE 1A

TED A. MADDOCKS, GENERAL MANAGER RESIDES IN THE SUPERINTENDENTS HOUSE LOCATED ON THE CLUB PROPERTY.