Civic Intelligence

Red Stick Golf Club Inc

EIN 91-1941655 • 501(c)7 • Vero Beach, FL

Profile

Private membership club organized to provide a golf and social atmosphere on a non-profit basis.

8350 58th AvenueVero Beach, FL 32967

www.redstickgolfclub.com

Siviq Scores

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

Liabilities / Assets

27th percentile

0.20x

Higher debt load relative to assets than 27% of similar nonprofits.

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

Liabilities / Revenue

58th percentile

0.79x

Higher debt load relative to revenue than 58% of similar nonprofits.

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

Net Margin

97th percentile

36%

Higher net margin than 97% of similar nonprofits.

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

Top Officer Pay

30th percentile

$307,991

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

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

Asset Growth

78th percentile

13%

Faster asset growth than 78% of similar nonprofits.

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

Revenue Growth

77th percentile

16%

Faster revenue growth than 77% of similar nonprofits.

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

Assets

Up

$36,647,297

Up $4,118,020 (+13%) from 2024

Liabilities

Up

$7,198,722

Up $1,487,690 (+26%) from 2024

Net Assets

Up

$29,448,575

Up $2,630,330 (+9.8%) from 2024

Revenue

Up

$9,148,296

Up $1,247,928 (+16%) from 2024

Expenses

Up

$5,821,760

Up $387,404 (+7.1%) from 2024

Net Income

Up

$3,326,536

Up $860,524 (+35%) from 2024

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $25,556,401Liabilities 2011: $533,907Net Assets 2011: $25,022,4942011Assets 2012: $25,188,677Liabilities 2012: $603,422Net Assets 2012: $24,585,2552012Assets 2013: $25,029,166Liabilities 2013: $884,244Net Assets 2013: $24,144,9222013Assets 2014: $24,770,730Liabilities 2014: $684,288Net Assets 2014: $24,086,4422014Assets 2015: $24,146,821Liabilities 2015: $604,019Net Assets 2015: $23,542,8022015Assets 2016: $23,761,149Liabilities 2016: $323,069Net Assets 2016: $23,438,0802016Assets 2017: $24,229,587Liabilities 2017: $199,408Net Assets 2017: $24,030,1792017Assets 2018: $24,535,456Liabilities 2018: $173,195Net Assets 2018: $24,362,2612018Assets 2019: $24,962,157Liabilities 2019: $245,455Net Assets 2019: $24,716,7022019Assets 2020: $25,312,826Liabilities 2020: $198,369Net Assets 2020: $25,114,4572020Assets 2021: $27,528,242Liabilities 2021: $3,470,780Net Assets 2021: $24,057,4622021Assets 2022: $27,299,270Liabilities 2022: $3,584,445Net Assets 2022: $23,714,8252022Assets 2023: $28,776,503Liabilities 2023: $3,949,867Net Assets 2023: $24,826,6362023Assets 2024: $32,529,277Liabilities 2024: $5,711,032Net Assets 2024: $26,818,2452024Assets 2025: $36,647,297Liabilities 2025: $7,198,722Net Assets 2025: $29,448,5752025

Highlighted filing

2025

Assets$36,647,297
Liabilities$7,198,722
Net Assets$29,448,575

Operations Trend

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

$10M$5.0M$0Revenue 2011: $4,332,630Expenses 2011: $3,688,623Net Income 2011: $644,0072011Revenue 2012: $4,368,735Expenses 2012: $3,914,525Net Income 2012: $454,2102012Revenue 2013: $4,680,807Expenses 2013: $4,073,976Net Income 2013: $606,8312013Revenue 2014: $4,626,839Expenses 2014: $4,017,059Net Income 2014: $609,7802014Revenue 2015: $4,492,059Expenses 2015: $4,207,251Net Income 2015: $284,8082015Revenue 2016: $4,636,130Expenses 2016: $4,071,109Net Income 2016: $565,0212016Revenue 2017: $4,919,470Expenses 2017: $3,894,034Net Income 2017: $1,025,4362017Revenue 2018: $4,909,799Expenses 2018: $4,091,781Net Income 2018: $818,0182018Revenue 2019: $5,611,551Expenses 2019: $4,166,935Net Income 2019: $1,444,6162019Revenue 2020: $5,546,616Expenses 2020: $4,170,137Net Income 2020: $1,376,4792020Revenue 2021: $5,522,531Expenses 2021: $4,224,488Net Income 2021: $1,298,0432021Revenue 2022: $5,859,170Expenses 2022: $4,570,014Net Income 2022: $1,289,1562022Revenue 2023: $6,361,329Expenses 2023: $5,018,598Net Income 2023: $1,342,7312023Revenue 2024: $7,900,368Expenses 2024: $5,434,356Net Income 2024: $2,466,0122024Revenue 2025: $9,148,296Expenses 2025: $5,821,760Net Income 2025: $3,326,5362025

Highlighted filing

2025

Revenue$9,148,296
Expenses$5,821,760
Net Income$3,326,536

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$36.6$7.20$29.4$9.15$5.82$3.33
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$5.71$26.8$7.90$5.43$2.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.8$3.95$24.8$6.36$5.02$1.34
2022Detailed filing. Detailed filing data is available for this year.$27.3$3.58$23.7$5.86$4.57$1.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$3.47$24.1$5.52$4.22$1.30
2020Detailed filing. Detailed filing data is available for this year.$25.3$0.20$25.1$5.55$4.17$1.38
2019Detailed filing. Detailed filing data is available for this year.$25.0$0.25$24.7$5.61$4.17$1.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.5$0.17$24.4$4.91$4.09$0.82
2017Detailed filing. Detailed filing data is available for this year.$24.2$0.20$24.0$4.92$3.89$1.03
2016Summary only. Only limited summary data is available for this year.$23.8$0.32$23.4$4.64$4.07$0.57
2015Summary only. Only limited summary data is available for this year.$24.1$0.60$23.5$4.49$4.21$0.28
2014Summary only. Only limited summary data is available for this year.$24.8$0.68$24.1$4.63$4.02$0.61
2013Summary only. Only limited summary data is available for this year.$25.0$0.88$24.1$4.68$4.07$0.61
2012Summary only. Only limited summary data is available for this year.$25.2$0.60$24.6$4.37$3.91$0.45
2011Summary only. Only limited summary data is available for this year.$25.6$0.53$25.0$4.33$3.69$0.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 23, 2026
Return Version
2024v5.5
Gross Receipts
$12,887,242
Mission and Program Overview

Mission

Private membership club organized to provide a golf and social atmosphere on a non-profit basis.

Private membership club organized to provide a golf & social atmosphere on non-profit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,843,262$20,909,217▲ $1,065,955
Investments Other Securities$3,802,670$7,095,440▲ $3,292,770
Savings and Temporary Cash Investments$2,061,014$1,594,613▼ $466,401
Cash and Non-Interest-Bearing Accounts$1,368,856$1,263,397▼ $105,459
Inventories for Sale or Use$148,150$180,647▲ $32,497
Prepaid Expenses and Deferred Charges$149,547$176,076▲ $26,529
Accounts Receivable$17,878$21,527▲ $3,649
Total Assets$32,529,277$36,647,297▲ $4,118,020
Other Assets Total$5,137,900$5,406,380▲ $268,480
Liabilities
Deferred Revenue$5,304,101$6,789,830▲ $1,485,729
Accounts Payable and Accrued Expenses$297,172$353,576▲ $56,404
Other Liabilities$109,759$55,316▼ $54,443
Total Liabilities$5,711,032$7,198,722▲ $1,487,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,818,245$29,448,575▲ $2,630,330
Total Net Assets Fund Balance$26,818,245$29,448,575▲ $2,630,330
Total Liabilities and Net Assets / Fund Balance$32,529,277$36,647,297▲ $4,118,020

Asset Categories

AssetBook ValueDepreciationBasis
Land$14,162,350-$14,162,350
Buildings$4,549,004$3,762,477$8,311,481
Other Land Buildings$978,581$3,514,103$4,492,684
Equipment$1,219,282$2,712,408$3,931,690
Other Assets Org$12,037--
Other Securities$10,622,053--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter MontoleoneGeneral ManagerFT$218,058$89,933$307,991
Kurt JenningsSuperintendentFT$184,423$46,333$230,756
Calvin ChristoffHead Golf ProfessionalFT$165,846$47,653$213,499
Francine GriffinControllerFT$118,366$36,133$154,499
Corby CogginsMaintenance SupervisorFT$120,732$22,257$142,989

Board Members and Trustees

NameTitle
Stephen C ColeyPresident
Bruce W KeoughBoard Member
James C PenroseBoard Member
Michael BartonBoard Member
Stephen T WilliamsBoard Member
Thomas C Farnsworth IiiBoard Member
William J AllardBoard Member
Michael D WhiteTreasurer
Stephen F DubordVice Presient / Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Caddie Services INCCaddie Services15044 N SCOTTDALE ROAD STE 300, Scottdale, AZ 85254$1,083,938
Total Turf Golf ServicesGolf Course Repairs1965 BYEBERRY RD, Huntington Valley, PA 19006$255,381
Tideline Staffing EastTemp Employee StaffingPO BOX 823461, Philadelphia, PA 19182$240,060
Propump And Controls INCGolf Course Repairs30 STONECREST CT 100, Shelbyville, KY 40065$207,389
Jayson JeffriesGolf Lessons181E CORAL WAY, Indiatlantic, FL 32903$103,510
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,402,925
Investment Income
$515,529
Other Revenue
$229,842
Change in Net Assets
$3,326,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,148,296
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$566,704
Total Revenue per Audited Statements
$9,715,000
Total Revenue per Form 990
$9,148,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,058,795
Salaries, Compensation, and Employee Benefits$2,762,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,548,130
All Other Expenses---$1,164,656
Depreciation Depletion---$566,266
Other Employee Benefits---$214,835
Other Expenses---$155,394
Occupancy---$123,416
Insurance---$95,214
Fees for Services Accounting---$39,657
Interest---$24,463
Travel---$9,249
Conferences and Meetings---$1,500
Fees for Services Other---$877
Office Expenses---$-2,021
Total Functional Expenses$0$0$0$5,821,760

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,323,374
Expenses per Audited Statements$5,821,760
Total Expenses per Form 990$5,821,760
Expenses Not Reported on Form 990$501,614
Expenses Not Reported on Financial Statements$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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Christmas Fund$48,984
Accrued Leased Employees/caddies$5,884
Gift Certificates$448
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
No
Management duties delegated
No

Governance Explanations

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

The board of directors reviews the form 990.

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

Red stick golf club has all board of governors and managers sign the conflict of interest policy. It is regularly reviewed when outside contracts are awarded. No member or employee may gain financially from outside contracts or business.

Form 990, Part VI, Section B, Line 15

The board of redstick golf club determines the compensation for all managers. The managers determine employee pay rates with board approval during the budgeting process. All pay increases are given with board approval during budgeting process. The board and managers review compensation surveys that are done by mcgladrey pullen through the club managers association of america. This survey comes out once a year.

Form 990, Part VI, Section C, Line 18

UPON REQUEST

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Red Stick Golf Club Inc
EIN
91-1941655
Phone
7723883200
Address
8350 58TH AVENUE, VERO BEACH, FL 32967

Signing Officer

Name
Stephen C Coley
Title
President
Phone
7723883200
Signed
2026-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen C Coley
Formed
1998
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
69
Volunteers
9

Preparer

Firm
Rehmann Robson LLC
Address
5070 HIGHWAY A1A STE 250, VERO BEACH, FL 32963
Preparer
Deborah a Crum CPA
Phone
7722348484
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Property tax 119,126. Portfolio deductions 93,978. Miscellaneous expense 93,676. Tournament expenses 81,523. Caddie contract program 76,708. Fuel golf course 70,889. Landscape golf course 56,088. Irrigation 52,283. Repair and maintenance 50,511. Top dressing/sod 49,335. Supplies 48,756. Income tax expense - federal 47,185. Uniforms 34,010. Aquatic control golf course 28,998. Telephone 22,511. Cart path golf course 20,918. Subscriptions & dues 19,537. Employee meals 19,111. Range balls& range expenses 17,323. Maintenance contracts- adm 13,352. Web site/design work 10,222. Income tax expense - state 9,848. Bank charges 9,730. Computers expense 9,565. Small tools golf course 9,457. Choose-up caddies 9,200. Soil samples 8,046. Employee relations 7,829. Trap sand 7,202. Handicap fees expense 6,996. Caddie supplies / expenses 6,415. Lease expense 5,159. Medical supplies & expense 4,719. Office supplies 4,418. Janitorial golf course bldg 3,576. Flowers & decorations admi 3,094. Postage & freight 2,963. Rental equipment expense 2,933. Sanitation golf course 2,690. Security 2,634. Printing & stationary 2,535. Membership directory 2,248. Complimentary golf merchandi 2,227. Property taxes - wabasso 1,776. Drainage 1,507. License & permit 1,485. Seminars & shows 1,344. Equipment rental/lease 1,324. Foreign taxes paid 1,316. Dry cleaning allowance 1,092. Membership ambassador progra 969. Building repairs golf cours 826. Maint golf carts/range picke 748. Complimentary caddies 675. Employee housing 536. Tree replacement 477. Security golf course 457. G&a expenses 271. Employee house - golf rentals 168. Unsaleable merchanside/loss 145. Other taxes 16.

FORM 990, PART XI, LINE 9:

Depreciation book/tax difference -15,767. Disposal book/tax difference net change in membership -532,800. Change in investment in subsidiaries reporting -228,393.

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the club's income tax filing positions for fiscal 2022 through 2025, the years which remain subject to examination as of june 30, 2025. The club concluded that there are no significant uncertain tax positions requiring recognition in the club's consolidated financial statements. The club does not expect the total amount of unrecognized tax benefits ("utb") (e.g. Tax deductions, exclusions, or credits claimed or expected to be claimed) to significantly change in the next twelve months. The club does not have any amounts accrued for interest and penalties related to utbs at june 30, 2025 or 2024, and is not aware of any claims for such amounts by federal or state income tax authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of sales 391,688. Disposal book/tax difference portfolio expenses 119,757. Classification difference -25,495.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of sales 391,688. Depreciation book/tax difference 15,767. Portfolio expenses 119,757. Classification difference -25,598.

Raw XML AppendixShowing 400 of 572 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/PersonNm0WILLIAM J ALLARD
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS C FARNSWORTH III
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN C COLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL D WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHEN F DUBORD
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL BARTON
IRS990/Form990PartVIISectionAGrp/PersonNm6BRUCE W KEOUGH
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES C PENROSE
IRS990/Form990PartVIISectionAGrp/PersonNm8STEPHEN T WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm9CALVIN CHRISTOFF
IRS990/Form990PartVIISectionAGrp/PersonNm10CORBY COGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm11PETER MONTOLEONE
IRS990/Form990PartVIISectionAGrp/PersonNm12FRANCINE GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm13KURT JENNINGS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIENT / SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9HEAD GOLF PROFESSIONAL
IRS990/Form990PartVIISectionAGrp/TitleTxt10MAINTENANCE SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SUPERINTENDENT
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IRS990/InterestGrp/TotalAmt024463
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IRS990/LegalDomicileStateCd0FL
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03108739
IRS990/LoanOutstandingInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PRIVATE MEMBERSHIP CLUB ORGANIZED TO PROVIDE A GOLF AND SOCIAL ATMOSPHERE ON A NON-PROFIT BASIS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt026818245
IRS990/NetAssetsOrFundBalancesEOYAmt029448575
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt029448575
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProgramServiceRevenueGrp/Desc0CLUB DUES
IRS990/ProgramServiceRevenueGrp/Desc1INITIATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2GREEN FEES TAXABLE
IRS990/ProgramServiceRevenueGrp/Desc3TOURNAMENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4CART FEES TAXABLE
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt136714
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt212037
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE TO/FROM RSGC CORP
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2STATE INCOME TAX DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt0501614
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04492684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048984
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2448
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EMPLOYEE CHRISTMAS FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LEASED EMPLOYEES/CADDIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2GIFT CERTIFICATES
IRS990ScheduleD/OtherRevenueAmt0485950
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0-27796
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11838148
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2-5336965
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt310622053
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN WABASSO HILLSI
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT - GERBER TAYLOR
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN RSGC CORP.
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CHARLES SCHWAB INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedAmt0566704
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09148296
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THE CLUB'S INCOME TAX FILING POSITIONS FOR FISCAL 2022 THROUGH 2025, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF JUNE 30, 2025. THE CLUB CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CLUB'S CONSOLIDATED FINANCIAL STATEMENTS. THE CLUB DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE CLUB DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT JUNE 30, 2025 OR 2024, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF SALES 391,688. DISPOSAL BOOK/TAX DIFFERENCE PORTFOLIO EXPENSES 119,757. CLASSIFICATION DIFFERENCE -25,495.

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