Civic Intelligence

The Cypress Club Inc

EIN 57-0951170 • 501(c)4 • Hilton Head Island, SC

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Profile

The cypress club, inc. Was established as a non-proprietary, non- shareholder, not-for-profit mututal benefit corporation under the laws of south carolina, exclusively to maintain housing for the elderly, to directly provide health care for the physical and mental well-being of its residents, and to operate the facility at its lowest feasible and acceptable cost.

20 Lady Slipper LaneHilton Head Island, SC 29926

www.thecypress.com

Siviq Scores

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

Liabilities / Assets

39th percentile

0.08x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.11x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Net Margin

15th percentile

-6.4%

Higher net margin than 15% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$118,107

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.2%

Faster asset growth than 52% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

6.3%

Faster revenue growth than 43% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$36,815,019

Up $1,818,100 (+5.2%) from 2023

Liabilities

Up

$2,780,253

Up $613,206 (+28%) from 2023

Net Assets

Up

$34,034,766

Up $1,204,894 (+3.7%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin15th percentile

Revenue

Up

$25,926,090

Up $1,539,115 (+6.3%) from 2023

Expenses

Up

$27,573,206

Up $1,807,890 (+7.0%) from 2023

Net Income

Down

-$1,647,116

Down $268,775 (-19%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$40M$30M$20M$10M$0Assets 2010: $12,863,182Liabilities 2010: $1,292,140Net Assets 2010: $11,571,0422010Assets 2011: $13,986,419Liabilities 2011: $1,078,272Net Assets 2011: $12,908,1472011Assets 2012: $15,271,959Liabilities 2012: $1,309,545Net Assets 2012: $13,962,4142012Assets 2013: $16,681,426Liabilities 2013: $1,443,456Net Assets 2013: $15,237,9702013Assets 2014: $17,802,892Liabilities 2014: $1,478,820Net Assets 2014: $16,324,0722014Assets 2015: $19,191,167Liabilities 2015: $1,265,137Net Assets 2015: $17,926,0302015Assets 2016: $22,026,707Liabilities 2016: $2,086,543Net Assets 2016: $19,940,1642016Assets 2017: $24,165,055Liabilities 2017: $1,730,220Net Assets 2017: $22,434,8352017Assets 2018: $26,275,573Liabilities 2018: $2,155,900Net Assets 2018: $24,119,6732018Assets 2019: $27,932,365Liabilities 2019: $1,797,534Net Assets 2019: $26,134,8312019Assets 2020: $29,237,816Liabilities 2020: $1,681,955Net Assets 2020: $27,555,8612020Assets 2021: $31,122,152Liabilities 2021: $1,257,652Net Assets 2021: $29,864,5002021Assets 2022: $35,189,945Liabilities 2022: $2,082,604Net Assets 2022: $33,107,3412022Assets 2023: $34,996,919Liabilities 2023: $2,167,047Net Assets 2023: $32,829,8722023Assets 2024: $36,815,019Liabilities 2024: $2,780,253Net Assets 2024: $34,034,7662024

Highlighted filing

2024

Assets$36,815,019
Liabilities$2,780,253
Net Assets$34,034,766
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $15,125,6532010Expenses 2011: $15,693,1692011Expenses 2012: $15,666,4962012Revenue 2013: $17,292,139Expenses 2013: $16,016,583Net Income 2013: $1,275,5562013Revenue 2014: $16,720,593Expenses 2014: $15,634,490Net Income 2014: $1,086,1032014Revenue 2015: $16,818,953Expenses 2015: $15,216,995Net Income 2015: $1,601,9582015Revenue 2016: $17,422,691Expenses 2016: $15,408,557Net Income 2016: $2,014,1342016Revenue 2017: $18,165,534Expenses 2017: $15,670,865Net Income 2017: $2,494,6692017Revenue 2018: $18,843,592Expenses 2018: $17,158,753Net Income 2018: $1,684,8392018Revenue 2019: $19,522,975Expenses 2019: $18,154,684Net Income 2019: $1,368,2912019Revenue 2020: $19,765,463Expenses 2020: $18,642,017Net Income 2020: $1,123,4462020Revenue 2021: $20,067,120Expenses 2021: $18,214,072Net Income 2021: $1,853,0482021Revenue 2022: $23,570,745Expenses 2022: $21,783,503Net Income 2022: $1,787,2422022Revenue 2023: $24,386,975Expenses 2023: $25,765,316Net Income 2023: -$1,378,3412023Revenue 2024: $25,926,090Expenses 2024: $27,573,206Net Income 2024: -$1,647,1162024

Highlighted filing

2024

Revenue$25,926,090
Expenses$27,573,206
Net Income-$1,647,116
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$36,815,019
Liabilities
$2,780,253
Net assets
$34,034,766
Revenue
$25,926,090
Expenses
$27,573,206
Net income
-$1,647,116
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$2.78$34.0$25.9$27.6$1.65
2023Detailed filing. Detailed filing data is available for this year.$35.0$2.17$32.8$24.4$25.8$1.38
2022Detailed filing. Detailed filing data is available for this year.$35.2$2.08$33.1$23.6$21.8$1.79
2021Detailed filing. Detailed filing data is available for this year.$31.1$1.26$29.9$20.1$18.2$1.85
2020Detailed filing. Detailed filing data is available for this year.$29.2$1.68$27.6$19.8$18.6$1.12
2019Detailed filing. Detailed filing data is available for this year.$27.9$1.80$26.1$19.5$18.2$1.37
2018Detailed filing. Detailed filing data is available for this year.$26.3$2.16$24.1$18.8$17.2$1.68
2017Detailed filing. Detailed filing data is available for this year.$24.2$1.73$22.4$18.2$15.7$2.49
2016Detailed filing. Detailed filing data is available for this year.$22.0$2.09$19.9$17.4$15.4$2.01
2015Detailed filing. Detailed filing data is available for this year.$19.2$1.27$17.9$16.8$15.2$1.60
2014Detailed filing. Detailed filing data is available for this year.$17.8$1.48$16.3$16.7$15.6$1.09
2013Detailed filing. Detailed filing data is available for this year.$16.7$1.44$15.2$17.3$16.0$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$1.31$14.0$15.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$1.08$12.9$15.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$1.29$11.6$15.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$25,926,090
Mission and Program Overview

Mission

The cypress club, inc. Was established as a non-proprietary, non- shareholder, not-for-profit mututal benefit corporation under the laws of south carolina, exclusively to maintain housing for its members, to directly provide health care for the physical and mental well-being of its residents, and to operate the facility at its lowest feasible and acceptable cost.

The cypress club, inc. Was established as a non-proprietary, non- shareholder, not-for-profit mututal benefit corporation under the laws of south carolina, exclusively to maintain housing for the elderly, to directly provide health care for the physical and mental well-being of its residents, and to operate the facility at its lowest feasible and acceptable cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$30,722,312$31,590,554▲ $868,242
Prepaid Expenses and Deferred Charges$1,649,874$1,693,890▲ $44,016
Accounts Receivable$1,461,699$1,329,485▼ $132,214
Cash and Non-Interest-Bearing Accounts$219,448$1,087,142▲ $867,694
Land, Buildings, and Equipment, Net$166,753$392,438▲ $225,685
Inventories for Sale or Use$188,560$177,179▼ $11,381
Investments Other Securities$25,000$25,000→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$34,996,919$36,815,019▲ $1,818,100
Other Assets Total$563,273$519,331▼ $43,942
Liabilities
Accounts Payable and Accrued Expenses$1,662,562$2,318,152▲ $655,590
Other Liabilities$504,485$462,101▼ $42,384
Total Liabilities$2,167,047$2,780,253▲ $613,206
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,829,872$34,034,766▲ $1,204,894
Total Net Assets Fund Balance$32,829,872$34,034,766▲ $1,204,894
Total Liabilities and Net Assets / Fund Balance$34,996,919$36,815,019▲ $1,818,100

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$392,438$233,674$626,112
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel HartDirector of FinanceFT$118,107$118,107
Brigdee MabelleDirector Of NursingFT$114,125$114,125
Galen MillerDirector of TechnologyFT$111,795$111,795
Sheila GloverEmployeeFT$111,641$111,641
Joan SatoEmployeeFT$109,772$109,772

Board Members and Trustees

NameTitle
Bob RaehnDirector
James P ColemanDirector
Jeff BradleyDirector
Marc PuntereriDirector
Randy DolynukDirector
Barbara SepichEXECUTIVE DIRECTOR (Partial Year)
Michael FinkExecutive Director (Partial Year)

Highest Paid Contractors

ContractorServicesLocationCompensation
Arthur J Gallagher Risk Management ServicesRisk Mgmt & ConsultingPO Box 39735, Chicago, IL 60694-9700$3,309,562
ADP IncPayrollOne ADP Blvd, Roseland, NJ 07068$3,092,208
Cypress of Hilton Head Island Associates LPManagement20 Lady Slipper Lane, Hilton Head Island, SC 29926$2,812,475
UMR IncThird Party Administrator11 Scott Street Suite 100, Wausau, WI 54403-4888$1,731,584
HHI IncConstruction20 Towne Dr, Bluffton, SC 29910$1,510,628
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,700,752
Investment Income
$4,263
Other Revenue
$221,075
Change in Net Assets
$-1,647,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,426,890
Other Expenses$12,146,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,876,824$838,078-$12,714,902
Fees for Services Management-$3,549,747-$3,549,747
Occupancy$2,033,005$149,364-$2,182,369
Other Employee Benefits$1,518,017$107,118-$1,625,135
Payroll Taxes$913,717$64,476-$978,193
Office Expenses$468,544$367,891-$836,435
Other Expenses$484,395$149,722-$634,117
Insurance-$466,344-$466,344
Fees for Services Other$358,639$10,806$0$369,445
Information Technology-$153,687-$153,687
Fees for Services Accounting-$109,093-$109,093
Pension Plan Contributions$101,498$7,162-$108,660
Depreciation Depletion$64,727--$64,727
Travel$12,206$18,002-$30,208
Advertising$18,230--$18,230
Fees for Services Legal-$12,163-$12,163
Total Functional Expenses$21,569,553$6,003,653$0$27,573,206

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
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
Lobbying activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DeveloperManagement FeesNo$2,812,475

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Activity Fund$423,510
Federal Income Taxes$38,591
lease liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3 Delegation of management duties

“Compensation from an unrelated organization: Compensation shown for Michael Fink, Executive director, was from an unrelated organization, life care services, LLC, The management company of the cypress club. Pursuant to the agreement with the management company, a portion of the management fees paid includes executive director compensation.”

Form 990, Part VI, Line 6 Classes of members or stockholders

“Each Property owner at the cypress is a member.”

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

“No committees have the authority to act on behalf of the governing body.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“A copy of the tax return is provided to the financial manager and executive director of the organization for review before the income tax return is filed. Board members may request a copy.”

Form 990, Part VI, Line 12C Conflict of interest policy

“The process is reviewed with each new employee at their hire date.”

Form 990, Part VI, Line 19 Required documents available to the public

“The organization's governing documents and financial statements will be made available to the public upon written request and approval of management and the board of directors.”

Filing and Contact Details

Filer

Filer Name
The Cypress Club Inc
EIN
57-0951170
Phone
8436897000
Address
20 LADY SLIPPER LANE, HILTON HEAD ISLAND, SC 29926

Signing Officer

Name
Michael Fink
Title
Executive Director
Phone
8436897000
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
4
Employees
458
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

“Change in net assets of related organization - 2852010; Total - 2852010;”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The Club is a nonprofit organization exempt from income taxes under Section 501(c)(4) of the Internal Revenue Code and files a Form 990 tax return. Management has evaluated that the Club's tax positions and concluded that the Club has taken no uncertain tax positions that require adjustment to the combined financial statements. The Club files as a tax-exempt organization. Because management has not identified unrelated business income in past years, the Club has not filed Form 990-T, Exempt Organization Business Income Tax Returns. Management is not aware of any activities that would jeopardize the tax-exempt status of the Club. Management is not aware of any significant activities that are subject to tax on unrelated business income or excise or other taxes for the Club. Homeowners associations may be taxed either as membership organizations or as regular corporations. For the years ended December 31, 2024 and 2023, the Regime was taxed as a membership organization. As a membership organization, membership income is exempt from taxation if certain elections are made, and the Regime is taxed only on its non-membership income, such as interest earnings, at regular federal and state corporate rates. The Regime follows the provisions of ASC 740-10 and has determined that there were no uncertain tax positions requiring recognition as of December 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 542 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/PersonNm1JAMES P COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3MARC PUNTERERI
IRS990/Form990PartVIISectionAGrp/PersonNm4Randy Dolynuk
IRS990/Form990PartVIISectionAGrp/PersonNm5Barbara Sepich
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael Fink
IRS990/Form990PartVIISectionAGrp/PersonNm7Brigdee Mabelle
IRS990/Form990PartVIISectionAGrp/PersonNm8Daniel Hart
IRS990/Form990PartVIISectionAGrp/PersonNm9GALEN MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm10Joan Sato
IRS990/Form990PartVIISectionAGrp/PersonNm11Sheila Glover
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR (Partial Year)
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Director (Partial Year)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Dir. Of Nursing
IRS990/Form990PartVIISectionAGrp/TitleTxt8Dir. of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIR. OF TECHNOLOGY
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IRS990/MissionDesc0THE CYPRESS CLUB, INC. WAS ESTABLISHED AS A NON-PROPRIETARY, NON- SHAREHOLDER, NOT-FOR-PROFIT MUTUTAL BENEFIT CORPORATION UNDER THE LAWS OF SOUTH CAROLINA, EXCLUSIVELY TO MAINTAIN HOUSING FOR THE ELDERLY, TO DIRECTLY PROVIDE HEALTH CARE FOR THE PHYSICAL AND MENTAL WELL-BEING OF ITS RESIDENTS, AND TO OPERATE THE FACILITY AT ITS LOWEST FEASIBLE AND ACCEPTABLE COST.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt034034766
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0468544
IRS990/OfficeExpensesGrp/TotalAmt0836435
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0519331
IRS990/OtherChangesInNetAssetsAmt02852010
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0107118
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01518017
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01625135
IRS990/OtherExpensesGrp/Desc0Food Costs
IRS990/OtherExpensesGrp/Desc1Therapy Expense
IRS990/OtherExpensesGrp/Desc2Operating Supplies
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IRS990/OtherExpensesGrp/ProgramServicesAmt02387596
IRS990/OtherExpensesGrp/ProgramServicesAmt11332155
IRS990/OtherExpensesGrp/ProgramServicesAmt2484395
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IRS990/OtherRevenueMiscGrp/BusinessCd0623990
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0838078
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011876824
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt030722312
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IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt064476
IRS990/PayrollTaxesGrp/ProgramServicesAmt0913717
IRS990/PayrollTaxesGrp/TotalAmt0978193
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07162
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0101498
IRS990/PensionPlanContributionsGrp/TotalAmt0108660
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01649874
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01693890
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Michael Fink
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0Membership Income
IRS990/ProgramServiceRevenueGrp/Desc1Health Center
IRS990/ProgramServiceRevenueGrp/Desc2Home Health Services
IRS990/ProgramServiceRevenueGrp/Desc3Clinic/Home Health
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CYPRESS HAS AN ON-SITE HEALTH CARE CENTER WHICH IS LICENSED TO PERFORM NURSING CARE SERVICES.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt07970370
IRS990/ProgSrvcAccomActy3Grp/Desc0The Cypress offers in-home assisted living and clinic services for its members.
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IRS990ScheduleD/ExpensesNotReportedAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Club is a nonprofit organization exempt from income taxes under Section 501(c)(4) of the Internal Revenue Code and files a Form 990 tax return. Management has evaluated that the Club's tax positions and concluded that the Club has taken no uncertain tax positions that require adjustment to the combined financial statements. The Club files as a tax-exempt organization. Because management has not identified unrelated business income in past years, the Club has not filed Form 990-T, Exempt Organization Business Income Tax Returns. Management is not aware of any activities that would jeopardize the tax-exempt status of the Club. Management is not aware of any significant activities that are subject to tax on unrelated business income or excise or other taxes for the Club. Homeowners associations may be taxed either as membership organizations or as regular corporations. For the years ended December 31, 2024 and 2023, the Regime was taxed as a membership organization. As a membership organization, membership income is exempt from taxation if certain elections are made, and the Regime is taxed only on its non-membership income, such as interest earnings, at regular federal and state corporate rates. The Regime follows the provisions of ASC 740-10 and has determined that there were no uncertain tax positions requiring recognition as of December 31, 2024 and 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0392438
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0462101
IRS990ScheduleD/TotalRevenuePerForm990Amt00

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