Civic Intelligence

Butterfield Country Club

EIN 36-0860710 • 501(c)7 • Oak Brook, IL

Profile

The club is organized for pleasure, recreation, and other nonprofitable purposes in accordance with internal revenue code section 501(c)(7).

2800 Midwest RoadOak Brook, IL 60523

www.butterfieldcc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.16x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

21st percentile

0.36x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Net Margin

43rd percentile

4.2%

Higher net margin than 43% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

39th percentile

$328,066

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Asset Growth

23rd percentile

0.5%

Faster asset growth than 23% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

32nd percentile

3.0%

Faster revenue growth than 32% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$38,461,324

Up $185,094 (+0.5%) from 2024

Liabilities

Down

$6,125,489

Down $482,464 (-7.3%) from 2024

Net Assets

Up

$32,335,835

Up $667,558 (+2.1%) from 2024

Revenue

Up

$17,049,588

Up $495,486 (+3.0%) from 2024

Expenses

Up

$16,328,925

Up $941,845 (+6.1%) from 2024

Net Income

Down

$720,663

Down $446,359 (-38%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $39,971,497Liabilities 2010: $4,409,726Net Assets 2010: $35,561,7712010Assets 2011: $40,284,944Liabilities 2011: $4,166,785Net Assets 2011: $36,118,1592011Assets 2012: $33,856,947Liabilities 2012: $3,657,663Net Assets 2012: $30,199,2842012Assets 2013: $35,426,589Liabilities 2013: $4,114,867Net Assets 2013: $31,311,7222013Assets 2014: $26,226,385Liabilities 2014: $4,031,994Net Assets 2014: $22,194,3912014Assets 2015: $35,154,474Liabilities 2015: $12,196,862Net Assets 2015: $22,957,6122015Assets 2016: $35,430,695Liabilities 2016: $11,088,638Net Assets 2016: $24,342,0572016Assets 2017: $36,453,638Liabilities 2017: $10,754,467Net Assets 2017: $25,699,1712017Assets 2018: $37,244,777Liabilities 2018: $10,126,776Net Assets 2018: $27,118,0012018Assets 2019: $39,580,450Liabilities 2019: $12,025,198Net Assets 2019: $27,555,2522019Assets 2020: $35,865,137Liabilities 2020: $8,940,320Net Assets 2020: $26,924,8172020Assets 2021: $37,968,174Liabilities 2021: $8,847,669Net Assets 2021: $29,120,5052021Assets 2022: $37,524,568Liabilities 2022: $7,638,914Net Assets 2022: $29,885,6542022Assets 2023: $37,917,624Liabilities 2023: $7,428,255Net Assets 2023: $30,489,3692023Assets 2024: $38,276,230Liabilities 2024: $6,607,953Net Assets 2024: $31,668,2772024Assets 2025: $38,461,324Liabilities 2025: $6,125,489Net Assets 2025: $32,335,8352025

Highlighted filing

2025

Assets$38,461,324
Liabilities$6,125,489
Net Assets$32,335,835

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $6,582,0762010Expenses 2011: $7,116,0232011Expenses 2012: $7,429,5672012Expenses 2013: $7,617,9812013Revenue 2014: $9,403,143Expenses 2014: $8,798,708Net Income 2014: $604,4352014Revenue 2015: $10,607,313Expenses 2015: $9,284,719Net Income 2015: $1,322,5942015Revenue 2016: $11,791,071Expenses 2016: $10,265,054Net Income 2016: $1,526,0172016Revenue 2017: $11,777,512Expenses 2017: $10,802,728Net Income 2017: $974,7842017Revenue 2018: $12,068,066Expenses 2018: $11,009,335Net Income 2018: $1,058,7312018Revenue 2019: $12,203,562Expenses 2019: $11,644,642Net Income 2019: $558,9202019Revenue 2020: $12,596,889Expenses 2020: $12,108,550Net Income 2020: $488,3392020Revenue 2021: $11,907,667Expenses 2021: $9,875,663Net Income 2021: $2,032,0042021Revenue 2022: $14,281,799Expenses 2022: $13,837,987Net Income 2022: $443,8122022Revenue 2023: $15,314,527Expenses 2023: $14,802,830Net Income 2023: $511,6972023Revenue 2024: $16,554,102Expenses 2024: $15,387,080Net Income 2024: $1,167,0222024Revenue 2025: $17,049,588Expenses 2025: $16,328,925Net Income 2025: $720,6632025

Highlighted filing

2025

Revenue$17,049,588
Expenses$16,328,925
Net Income$720,663

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$38.5$6.13$32.3$17.0$16.3$0.72
2024Detailed filing. Detailed filing data is available for this year.$38.3$6.61$31.7$16.6$15.4$1.17
2023Detailed filing. Detailed filing data is available for this year.$37.9$7.43$30.5$15.3$14.8$0.51
2022Detailed filing. Detailed filing data is available for this year.$37.5$7.64$29.9$14.3$13.8$0.44
2021Detailed filing. Detailed filing data is available for this year.$38.0$8.85$29.1$11.9$9.88$2.03
2020Detailed filing. Detailed filing data is available for this year.$35.9$8.94$26.9$12.6$12.1$0.49
2019Detailed filing. Detailed filing data is available for this year.$39.6$12.0$27.6$12.2$11.6$0.56
2018Detailed filing. Detailed filing data is available for this year.$37.2$10.1$27.1$12.1$11.0$1.06
2017Detailed filing. Detailed filing data is available for this year.$36.5$10.8$25.7$11.8$10.8$0.97
2016Detailed filing. Detailed filing data is available for this year.$35.4$11.1$24.3$11.8$10.3$1.53
2015Detailed filing. Detailed filing data is available for this year.$35.2$12.2$23.0$10.6$9.28$1.32
2014Detailed filing. Detailed filing data is available for this year.$26.2$4.03$22.2$9.40$8.80$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.4$4.11$31.3$7.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.9$3.66$30.2$7.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.3$4.17$36.1$7.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.0$4.41$35.6$6.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Mar 11, 2026
Return Version
2024v5.5
Gross Receipts
$20,500,220
Mission and Program Overview

Mission

The club is organized for pleasure, recreation, and other nonprofitable purposes in accordance with internal revenue code section 501(c)(7).

The club is organized for pleasure, recreation, and other nonprofitable purposes in accordance with internal revenue code 501(c)(7)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,177,584$26,080,755▼ $1,096,829
Cash and Non-Interest-Bearing Accounts$880,356$5,841,643▲ $4,961,287
Savings and Temporary Cash Investments$7,888,533$4,093,362▼ $3,795,171
Accounts Receivable$963,213$1,015,762▲ $52,549
Inventories for Sale or Use$797,721$758,308▼ $39,413
Prepaid Expenses and Deferred Charges$208,751$303,422▲ $94,671
Investments Other Securities$110,775$80,655▼ $30,120
Total Assets$38,276,230$38,461,324▲ $185,094
Other Assets Total$249,297$287,417▲ $38,120
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,386,006$3,979,423▼ $406,583
Accounts Payable and Accrued Expenses$1,291,623$1,338,435▲ $46,812
Deferred Revenue$580,615$598,469▲ $17,854
Other Liabilities$349,709$209,162▼ $140,547
Total Liabilities$6,607,953$6,125,489▼ $482,464
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,668,277$32,335,835▲ $667,558
Total Net Assets Fund Balance$31,668,277$32,335,835▲ $667,558
Total Liabilities and Net Assets / Fund Balance$38,276,230$38,461,324▲ $185,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,292,613$13,223,615$30,516,228
Other Land Buildings$6,470,083$9,804,396$16,274,479
Equipment$2,261,555$7,110,424$9,371,979
Land$56,504-$56,504
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Micheal VercautrenGrounds SuperintendentFT$269,528$58,538$328,066
Scott AzingerGeneral ManagerFT$274,079$52,375$326,454
Lauryn TaylorCFOFT$142,739$35,195$177,934

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,274,158
Investment Income
$368,653
Other Revenue
$4,406,777
Change in Net Assets
$720,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,009,268
Revenue Not Reported on Financial Statements
$40,320
Revenue Not Reported on Form 990
$3,397,527
Other Revenue Adjustments
$40,320
Total Revenue per Audited Statements
$20,406,795
Total Revenue per Form 990
$17,049,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,677,195
Other Expenses$6,651,730
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$6,849,063
Depreciation Depletion---$2,366,875
Other Employee Benefits---$1,201,282
Payroll Taxes---$837,411
Current Officers, Directors, Trustees, and Key Employees---$789,439
Occupancy---$705,227
All Other Expenses---$414,025
Office Expenses---$359,699
Interest---$229,024
Information Technology---$139,647
Other Expenses---$96,879
Fees for Services Other---$91,000
Fees for Services Accounting---$67,206
Travel---$9,669
Conferences and Meetings---$9,122
Total Functional Expenses$0$0$0$16,328,925

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,739,237
Total Expenses per Form 990$16,328,925
Expenses per Audited Statements$16,288,605
Expenses Not Reported on Form 990$3,450,632
Expenses Not Reported on Financial Statements$40,320
Other Expense Adjustments$40,320
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$128,507
Deferred Compensation Plan$80,655
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Butterfield country club is a membership club with 330 regular voting members.

Form 990, Part VI, Section A, Line 7A

These regular voting members elect the board of managers at the annual membership meeting.

Form 990, Part VI, Section A, Line 7B

The board of managers governs in accordance with the club's bylaws which are approved by the regular voting members.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by a public accounting firm, it is reviewed by the chief financial officer, treasurer and finance committee. The treasurer makes a brief report about form 990 to the board of managers.

Form 990, Part VI, Section B, Line 12C

The club monitors the conflict of interest policy by agenda for discussion of the board of managers and by memorandum of disclosure to others on the board of managers and key employees.

Form 990, Part VI, Section B, Line 15

The president of the club annually reviews the compensation of the general manager. The compensation amount is based on performance, length of service, and comparable positions at other private clubs. The agreement is documented. The head golf professional, the grounds superintendent, and other key employees' (department heads) compensation is annually reviewed by the club officers and the general manager. All compensation amounts are included in the annual budget which is approved by the board of managers.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Butterfield Country Club
EIN
36-0860710
Phone
6303231000
Address
2800 MIDWEST ROAD, OAK BROOK, IL 60523

Signing Officer

Name
Philip Allen
Title
President
Phone
6303231000
Signed
2026-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Allen
Formed
1920
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
464
Volunteers
13

Preparer

Firm
Selden Fox Ltd
Address
ONE PARKVIEW PLAZA SUITE 710, OAKBROOK TERRACE, IL 60181
Preparer
Steven G Pierson
Phone
6309541400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in fair value of interest rate swap liability -53,105.

Financial Statement Notes

PART X, LINE 2:

The club is a private membership club and is exempt from federal income taxes under section 501(c)(7) of the internal revenue code. Under this section, unrelated business income and investment income, as defined, are subject to federal and state taxes at corporate rates. As of april 30, 2025, the club's income tax returns for fiscal years 2022 and subsequent are open to examination by the internal revenue service. Accounting standards codification ("asc") 740-10, "accounting for uncertainty in income taxes," requires that uncertain income tax positions be recorded in the financial statements at an amount that would most likely be realized assuming a review by the tax authorities. Management has assessed its income tax positions and believes any potential liability that might arise from a review by tax authorities would be immaterial to the financial statements taken as a whole.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold - sale of inventory 3,450,632. Change in fair value of investment rate swap liability -53,105.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Investment income from deferred compensation plan 5,850. Income tax expense included in interest income 34,470.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold - sale of inventory 3,450,632.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment income from deferred compensation plan 5,850. Income tax expense included in interest income 34,470.

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IRS990/Form990PartVIISectionAGrp/PersonNm18MICHEAL VERCAUTREN
IRS990/Form990PartVIISectionAGrp/PersonNm19LAURYN TAYLOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt18GROUNDS SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
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IRS990/Form990TFiledInd01
IRS990/FormationYr01920
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IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsForPublicUseAmt02496958
IRS990/GrossSalesOfInventoryAmt07828580
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0139647
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IRS990/InterestGrp/TotalAmt0229024
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0797721
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0758308
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt027177584
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026080755
IRS990/LandBldgEquipCostOrOtherBssAmt056219190
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CLUB IS ORGANIZED FOR PLEASURE, RECREATION, AND OTHER NONPROFITABLE PURPOSES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 501(C)(7).
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04377948
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IRS990/NetUnrelatedBusTxblIncmAmt0365756
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0705227
IRS990/OfficeExpensesGrp/TotalAmt0359699
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0249297
IRS990/OtherAssetsTotalGrp/EOYAmt0287417
IRS990/OtherChangesInNetAssetsAmt0-53105
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01201282
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL & MAIN
IRS990/OtherExpensesGrp/Desc2EVENTS/TOURNAMENTS
IRS990/OtherExpensesGrp/Desc3UNIFORMS
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IRS990/OtherExpensesGrp/TotalAmt1570447
IRS990/OtherExpensesGrp/TotalAmt2544889
IRS990/OtherExpensesGrp/TotalAmt396879
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15639
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IRS990/PayrollTaxesGrp/TotalAmt0837411
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0208751
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IRS990/PrincipalOfficerNm0PHILIP ALLEN
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES AND ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1INITIATION FEES AND CAPITAL ASSES
IRS990/ProgramServiceRevenueGrp/Desc2GREENS FEES & GOLF OPERATIONS
IRS990/ProgramServiceRevenueGrp/Desc3FOOD DEPARTMENT
IRS990/ProgramServiceRevenueGrp/Desc4ENTERTAINMENT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3507340
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1221997
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt04093362
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt013223615
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030516228
IRS990ScheduleD/EquipmentGrp/BookValueAmt02261555
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07110424
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09371979
IRS990ScheduleD/ExpensesNotReportedAmt03450632
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt040320
IRS990ScheduleD/ExpensesSubtotalAmt016288605
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt056504
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056504
IRS990ScheduleD/OtherExpensesIncludedAmt03450632
IRS990ScheduleD/OtherExpensesNotIncludedAmt040320
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06470083
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09804396
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016274479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080655
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1128507
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION PLAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE OBLIGATIONS
IRS990ScheduleD/OtherRevenueAmt03397527
IRS990ScheduleD/OtherRevenuesNotIncludedAmt040320
IRS990ScheduleD/RevenueNotReportedAmt03397527
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt040320
IRS990ScheduleD/RevenueSubtotalAmt017009268
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS A PRIVATE MEMBERSHIP CLUB AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. UNDER THIS SECTION, UNRELATED BUSINESS INCOME AND INVESTMENT INCOME, AS DEFINED, ARE SUBJECT TO FEDERAL AND STATE TAXES AT CORPORATE RATES. AS OF APRIL 30, 2025, THE CLUB'S INCOME TAX RETURNS FOR FISCAL YEARS 2022 AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," REQUIRES THAT UNCERTAIN INCOME TAX POSITIONS BE RECORDED IN THE FINANCIAL STATEMENTS AT AN AMOUNT THAT WOULD MOST LIKELY BE REALIZED ASSUMING A REVIEW BY THE TAX AUTHORITIES. MANAGEMENT HAS ASSESSED ITS INCOME TAX POSITIONS AND BELIEVES ANY POTENTIAL LIABILITY THAT MIGHT ARISE FROM A REVIEW BY TAX AUTHORITIES WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD - SALE OF INVENTORY 3,450,632. CHANGE IN FAIR VALUE OF INVESTMENT RATE SWAP LIABILITY -53,105.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT INCOME FROM DEFERRED COMPENSATION PLAN 5,850. INCOME TAX EXPENSE INCLUDED IN INTEREST INCOME 34,470.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF GOODS SOLD - SALE OF INVENTORY 3,450,632.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INVESTMENT INCOME FROM DEFERRED COMPENSATION PLAN 5,850. INCOME TAX EXPENSE INCLUDED IN INTEREST INCOME 34,470.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026080755

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