Civic Intelligence

The Surf Club Incorporated

EIN 56-0421616 • 501(c)7 • Wrightsville Beach, NC

Profile

To provide social, dining, and entertainment activities for its membership.

1 Mallard StreetWrightsville Beach, NC 28480

www.surfclubnc.com

Siviq Scores

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

Liabilities / Assets

4th percentile

0.04x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

6th percentile

0.10x

Higher debt load relative to revenue than 6% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Net Margin

91st percentile

27%

Higher net margin than 91% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

75th percentile

$308,604

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Asset Growth

53rd percentile

4.5%

Faster asset growth than 53% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

94th percentile

41%

Faster revenue growth than 94% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$12,218,669

Up $1,344,970 (+12%) from 2023

Liabilities

Up

$427,040

Up $129,253 (+43%) from 2023

Net Assets

Up

$11,791,629

Up $1,215,717 (+11%) from 2023

Operations
Liabilities / Revenue6th percentileNet Margin91st percentile

Revenue

Up

$3,587,065

Up $733,532 (+26%) from 2023

Expenses

Up

$3,177,571

Up $293,392 (+10%) from 2023

Net Income

Up

$409,494

Up $440,140 (+1436%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

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

$15M$10M$5.0M$0Assets 2011: $4,679,845Liabilities 2011: $233,168Net Assets 2011: $4,446,6772011Assets 2012: $5,055,174Liabilities 2012: $251,536Net Assets 2012: $4,803,6382012Assets 2013: $5,472,140Liabilities 2013: $230,305Net Assets 2013: $5,241,8352013Assets 2014: $6,949,231Liabilities 2014: $1,191,415Net Assets 2014: $5,757,8162014Assets 2015: $7,713,188Liabilities 2015: $1,300,605Net Assets 2015: $6,412,5832015Assets 2016: $8,202,658Liabilities 2016: $1,396,130Net Assets 2016: $6,806,5282016Assets 2017: $7,650,274Liabilities 2017: $253,758Net Assets 2017: $7,396,5162017Assets 2018: $8,164,384Liabilities 2018: $463,285Net Assets 2018: $7,701,0992018Assets 2019: $8,747,503Liabilities 2019: $325,215Net Assets 2019: $8,422,2882019Assets 2020: $9,175,155Liabilities 2020: $305,884Net Assets 2020: $8,869,2712020Assets 2021: $10,487,188Liabilities 2021: $327,593Net Assets 2021: $10,159,5952021Assets 2022: $10,545,345Liabilities 2022: $390,925Net Assets 2022: $10,154,4202022Assets 2023: $10,873,699Liabilities 2023: $297,787Net Assets 2023: $10,575,9122023Assets 2024: $12,218,669Liabilities 2024: $427,040Net Assets 2024: $11,791,6292024

Highlighted filing

2024

Assets$12,218,669
Liabilities$427,040
Net Assets$11,791,629
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,158,709Expenses 2011: $1,655,788Net Income 2011: $502,9212011Revenue 2012: $2,101,824Expenses 2012: $1,744,863Net Income 2012: $356,9612012Expenses 2013: $1,826,8722013Revenue 2014: $2,376,666Expenses 2014: $1,869,202Net Income 2014: $507,4642014Revenue 2015: $2,663,517Expenses 2015: $1,999,315Net Income 2015: $664,2022015Revenue 2016: $2,472,632Expenses 2016: $2,118,593Net Income 2016: $354,0392016Revenue 2017: $2,505,619Expenses 2017: $2,215,527Net Income 2017: $290,0922017Revenue 2018: $3,197,062Expenses 2018: $2,381,338Net Income 2018: $815,7242018Revenue 2019: $2,970,311Expenses 2019: $2,387,312Net Income 2019: $582,9992019Revenue 2020: $2,666,184Expenses 2020: $2,326,213Net Income 2020: $339,9712020Revenue 2021: $3,481,235Expenses 2021: $2,530,641Net Income 2021: $950,5942021Revenue 2022: $3,570,201Expenses 2022: $2,834,365Net Income 2022: $735,8362022Revenue 2023: $2,853,533Expenses 2023: $2,884,179Net Income 2023: -$30,6462023Revenue 2024: $3,587,065Expenses 2024: $3,177,571Net Income 2024: $409,4942024

Highlighted filing

2024

Revenue$3,587,065
Expenses$3,177,571
Net Income$409,494
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,218,669
Liabilities
$427,040
Net assets
$11,791,629
Revenue
$3,587,065
Expenses
$3,177,571
Net income
$409,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.2$0.43$11.8$3.59$3.18$0.41
2023Detailed filing. Detailed filing data is available for this year.$10.9$0.30$10.6$2.85$2.88$0.03
2022Detailed filing. Detailed filing data is available for this year.$10.5$0.39$10.2$3.57$2.83$0.74
2021Detailed filing. Detailed filing data is available for this year.$10.5$0.33$10.2$3.48$2.53$0.95
2020Detailed filing. Detailed filing data is available for this year.$9.18$0.31$8.87$2.67$2.33$0.34
2019Detailed filing. Detailed filing data is available for this year.$8.75$0.33$8.42$2.97$2.39$0.58
2018Detailed filing. Detailed filing data is available for this year.$8.16$0.46$7.70$3.20$2.38$0.82
2017Detailed filing. Detailed filing data is available for this year.$7.65$0.25$7.40$2.51$2.22$0.29
2016Detailed filing. Detailed filing data is available for this year.$8.20$1.40$6.81$2.47$2.12$0.35
2015Detailed filing. Detailed filing data is available for this year.$7.71$1.30$6.41$2.66$2.00$0.66
2014Detailed filing. Detailed filing data is available for this year.$6.95$1.19$5.76$2.38$1.87$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.23$5.24$1.83
2012Summary only. Only limited summary data is available for this year.$5.06$0.25$4.80$2.10$1.74$0.36
2011Summary only. Only limited summary data is available for this year.$4.68$0.23$4.45$2.16$1.66$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Feb 26, 2025
Return Version
2023v6.0
Gross Receipts
$4,170,798
Mission and Program Overview

Mission

To provide social, dining, and entertainment activities for its membership.

SOCIAL CLUB

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,663,827$5,678,583▲ $1,014,756
Land, Buildings, and Equipment, Net$3,470,722$3,527,264▲ $56,542
Savings and Temporary Cash Investments$2,277,440$2,531,774▲ $254,334
Inventories for Sale or Use$174,707$198,429▲ $23,722
Accounts Receivable$120,129$123,228▲ $3,099
Prepaid Expenses and Deferred Charges$78,862$114,681▲ $35,819
Cash and Non-Interest-Bearing Accounts$88,012$44,710▼ $43,302
Total Assets$10,873,699$12,218,669▲ $1,344,970
Liabilities
Accounts Payable and Accrued Expenses$297,787$383,944▲ $86,157
Other Liabilities$0$43,096▲ $43,096
Total Liabilities$297,787$427,040▲ $129,253
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,575,912$11,791,629▲ $1,215,717
Total Net Assets Fund Balance$10,575,912$11,791,629▲ $1,215,717
Total Liabilities and Net Assets / Fund Balance$10,873,699$12,218,669▲ $1,344,970

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,402,933$2,824,485$5,227,418
Equipment$644,728$2,015,877$2,660,605
Other Land Buildings$470,833$365,369$836,202
Land$8,770-$8,770
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith LogarGeneral ManagerFT$192,450$105,152$297,602
Hiroshi OsonoFormer Executive ChefFT$109,886$27,400$137,286

Board Members and Trustees

NameTitle
John M Tetterton JrImmediate Past President
Christopher N ReidPresident
William W Stanfield IIIVice President
D Clinton North IIIDirector
David SpruntDirector
Dr W Chris WardDirector
Gerald D Hardison JrDirector
Howard A Penton IIIDirector
Raiford Trask IIIDirector
Jerry A Mannen JrSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,666,149
Investment Income
$328,466
Other Revenue
$1,592,450
Change in Net Assets
$409,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,122,181
Revenue Not Reported on Financial Statements
$-535,116
Revenue Not Reported on Form 990
$805,643
Other Revenue Adjustments
$-535,116
Total Revenue per Audited Statements
$4,927,824
Total Revenue per Form 990
$3,587,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,902,601
Other Expenses$1,274,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,795,251
Depreciation Depletion---$421,953
Insurance---$223,117
All Other Expenses---$198,975
Payroll Taxes---$107,350
Fees for Services Other---$65,532
Other Expenses---$59,738
Office Expenses---$36,268
Travel---$35,822
Information Technology---$2,468
Advertising---$1,016
Total Functional Expenses$0$0$0$3,177,571

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,669,011
Total Expenses per Form 990$3,177,571
Expenses per Audited Statements$3,134,475
Expenses Not Reported on Form 990$534,536
Expenses Not Reported on Financial Statements$43,096
Other Expense Adjustments$43,096
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
State Income Tax$4,071
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

“The organization is a private member-owned club that is owned and operated for the pleasure and recreation of its members.”

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

“The following member categories have voting privileges: full members, junior members, and senior members.”

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

“The membership must approve constitutional changes and the board must approve by-law changes.”

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

“The 990 form is reviewed by the club manager and the club secretary/treasurer before filing.”

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

“Each director lists business interests to determine if there is any conflict.”

Form 990, Part VI, Section B, line 15

“The club president reviews and evaluates the performance of the general manager, in conjunction with other board members, and makes the determination of any wage increase and/or other bonuses, based upon specified criteria.”

Form 990, Part VI, Section C, line 19

“Documents are available, upon request, in the club's office.”

Filing and Contact Details

Filer

Filer Name
The Surf Club Incorporated
EIN
56-0421616
Phone
9102562496
Address
1 Mallard Street, Wrightsville Beach, NC 28480

Signing Officer

Name
Keith Logar
Title
General Manager
Phone
9102562496
Signed
2025-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher N Reid
Formed
1941
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
78
Volunteers
10

Preparer

Firm
EARNEY Accountants & Advisors PLLC
Address
700 Military Cutoff Road Suite 250, Wilmington, NC 28405
Preparer
Eric Bregman CPA
Phone
9102569995
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Gain on sale of Fixed assets 579.”

Financial Statement Notes

Part X, Line 2:

“The club is exempt from federal income taxes under 501(c)(7) of the internal revenue code (the code). But is subject to tax on unrelated business income as defined by the code, primarily investment income. The club has evaluated tax positions and concluded that the club has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the accounting guidance for uncertainity in income taxes within the income taxes topic of the financial accounting standard board (fasb) accounting standards codification (asc).”

Part XI, Line 4B - Other Adjustments:

“COGS”

Part XII, Line 2D - Other Adjustments:

“COGS”

Part XII, Line 4B - Other Adjustments:

“UBI Tax”

Part X, Line 2:

“The Club is exempt from federal income taxes under section 501 (C)(7) of the Internal Revenue Code (The Code). But is subject to tax on unrelated business income as defined by The Code, primarily investment income. The Club has analyzed its tax positions taken and has concluded that as of November 30, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Club is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Club believes it is no longer subject to income tax examinations for years prior to 2021.”

Raw XML AppendixShowing 400 of 463 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Christopher N Reid
IRS990/Form990PartVIISectionAGrp/PersonNm1William W Stanfield III
IRS990/Form990PartVIISectionAGrp/PersonNm2Jerry A Mannen Jr
IRS990/Form990PartVIISectionAGrp/PersonNm3John M Tetterton Jr
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IRS990/Form990PartVIISectionAGrp/PersonNm7D Clinton North III
IRS990/Form990PartVIISectionAGrp/PersonNm8David Sprunt
IRS990/Form990PartVIISectionAGrp/PersonNm9Gerald D Hardison Jr
IRS990/Form990PartVIISectionAGrp/PersonNm10Keith Logar
IRS990/Form990PartVIISectionAGrp/PersonNm11Hiroshi Osono
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Immediate Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10General Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt11Former Executive Chef
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IRS990/GrossSalesOfInventoryAmt01811866
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02468
IRS990/InitiationFeesAndCapContriAmt0315700
IRS990/InsuranceGrp/TotalAmt0223117
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0174707
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0198429
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0190245
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0190245
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04663827
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05678583
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05205731
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03470722
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03527264
IRS990/LandBldgEquipCostOrOtherBssAmt08732995
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt024195
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt024422
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SOCIAL, DINING, AND ENTERTAINMENT ACTIVITIES FOR ITS MEMBERSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010575912
IRS990/NetAssetsOrFundBalancesEOYAmt011791629
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0138221
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0138221
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01276750
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01276750
IRS990/NetUnrelatedBusTxblIncmAmt0185175
IRS990/NetUnrlzdGainsLossesInvstAmt0805644
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010575912
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011791629
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt036268
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0579
IRS990/OtherExpensesGrp/Desc0UBTI Income Tax
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Supplies and Laundry
IRS990/OtherExpensesGrp/TotalAmt043096
IRS990/OtherExpensesGrp/TotalAmt1112440
IRS990/OtherExpensesGrp/TotalAmt274545
IRS990/OtherExpensesGrp/TotalAmt359738
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt043096
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Initation Fees
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0315700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0315700
IRS990/OtherRevenueTotalAmt0315700
IRS990/OtherSalariesAndWagesGrp/TotalAmt01795251
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0107350
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078862
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0114681
IRS990/PrincipalOfficerNm0Christopher N Reid
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues
IRS990/ProgramServiceRevenueGrp/Desc1Miscellaneous Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01496925
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1169224
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01496925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1169224
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-47995
IRS990/PYOtherExpensesAmt01158766
IRS990/PYOtherRevenueAmt01356554
IRS990/PYProgramServiceRevenueAmt01544974
IRS990/PYRevenuesLessExpensesAmt0-30646
IRS990/PYSalariesCompEmpBnftPaidAmt01725413
IRS990/PYTotalExpensesAmt02884179
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02853533
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0409494
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02277440
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02531774
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02402933
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02824485
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05227418
IRS990ScheduleD/EquipmentGrp/BookValueAmt0644728
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02015877
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02660605
IRS990ScheduleD/ExpensesNotReportedAmt0534536
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt043096
IRS990ScheduleD/ExpensesSubtotalAmt03134475
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt039025
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08770
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08770
IRS990ScheduleD/LossesReportedAmt0-580
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0805643
IRS990ScheduleD/OtherExpensesIncludedAmt0535116
IRS990ScheduleD/OtherExpensesNotIncludedAmt043096
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0470833
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0365369
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0836202
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0State Income Tax
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-535116
IRS990ScheduleD/RevenueNotReportedAmt0805643
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-535116
IRS990ScheduleD/RevenueSubtotalAmt04122181
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(7) OF THE INTERNAL REVENUE CODE (THE CODE). BUT IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME AS DEFINED BY THE CODE, PRIMARILY INVESTMENT INCOME. THE CLUB HAS EVALUATED TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINITY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COGS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COGS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3UBI Tax
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4The Club is exempt from federal income taxes under section 501 (C)(7) of the Internal Revenue Code (The Code). But is subject to tax on unrelated business income as defined by The Code, primarily investment income. The Club has analyzed its tax positions taken and has concluded that as of November 30, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Club is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Club believes it is no longer subject to income tax examinations for years prior to 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03527264
IRS990ScheduleD/TotalExpensesPerForm990Amt03177571
IRS990ScheduleD/TotalLiabilityAmt043096
IRS990ScheduleD/TotalRevenuePerForm990Amt03587065
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04927824
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03669011
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0192450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1109886
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount086152
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount122200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt019000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Keith Logar
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Hiroshi Osono
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Former Executive Chef
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0297602
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1137286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOLLOWING MEMBER CATEGORIES HAVE VOTING PRIVILEGES: FULL MEMBERS, JUNIOR MEMBERS, AND SENIOR MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERSHIP MUST APPROVE CONSTITUTIONAL CHANGES AND THE BOARD MUST APPROVE BY-LAW CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 FORM IS REVIEWED BY THE CLUB MANAGER AND THE CLUB SECRETARY/TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH DIRECTOR LISTS BUSINESS INTERESTS TO DETERMINE IF THERE IS ANY CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CLUB PRESIDENT REVIEWS AND EVALUATES THE PERFORMANCE OF THE GENERAL MANAGER, IN CONJUNCTION WITH OTHER BOARD MEMBERS, AND MAKES THE DETERMINATION OF ANY WAGE INCREASE AND/OR OTHER BONUSES, BASED UPON SPECIFIED CRITERIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE, UPON REQUEST, IN THE CLUB'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Gain on sale of Fixed assets 579.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010873699
IRS990/TotalAssetsEOYAmt012218669
IRS990/TotalAssetsGrp/BOYAmt010873699
IRS990/TotalAssetsGrp/EOYAmt012218669

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