2024-02-14T15:21:15-06:00 2023-03-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 2 BETHESDA METRO CENTER SUITE 420 BETHESDA MD 20814 990 2022-04-01 520749785 CHARTWELL MEMBERSHIP INC CHAR 4109870400 1 CHARTWELL DRIVE SEVERNA PARK MD 21146 RICHARD MARR GENERAL MANAGER 4109870400 2024-02-14 1 RICHARD MARR 999009999 1 GEOFFREY BENEDICT P00429534 3016523464 2024-02-11 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHARTWELL GOLF & COUNTRY CLUB RICHARD MARR 1 CHARTWELL DRIVE SEVERNA PARK MD 21146 10970096 0 X WWW.CHARTWELLGCC.COM X 1962 MD SOCIAL AND RECREATION CLUB 9 9 235 0 91776 36456 0 0 4694957 7675146 -8696 -485168 2926314 -219920 7612575 6970058 0 0 0 0 2543284 2871224 0 0 0 3628545 3490072 6171829 6361296 1440746 608762 16309189 14979599 5829477 4296252 10479712 10683347 SOCIAL AND RECREATION CLUB 0 0 THE COMPANY OPERATES AS A COUNTRY CLUB TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES TO ITS 750+ MEMBERS SUCH AS GOLF, SWIMMING, TENNIS AND DINING FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 235 1 1 1 0 0 0 1 1 670795 184939 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X RICHARD MARR 4109870400 1 CHARTWELL DRIVE SEVERNA PARK MD 21146 X KARL APPEL PRESIDENT 2.00 X X 0 0 0 RICHARD MCFEELY VICE PRESIDENT 2.00 X X 0 0 0 JULIE RIDDLE SECRETARY 2.00 X X 0 0 0 DON HUBER TREASURER 2.00 X X 0 0 0 ROBERT BROSEKER DIRECTOR 2.00 X 0 0 0 DAVID KATZ DIRECTOR 2.00 X 0 0 0 JAY DIXON DIRECTOR 2.00 X 0 0 0 JOEL THORNE DIRECTOR 2.00 X 0 0 0 KELLY O'DONNEL DIRECTOR 2.00 X 0 0 0 MATTHEW L EARHART GREENS SUPERINTENDENT 40.00 X 162663 0 0 ROBERT A AGRESTI GOLF PROFESSIONAL 40.00 X 171141 0 0 RICHARD MARR GENERAL MANAGER 40.00 X 276672 0 0 ERICK J DORN FACILITIES MANAGER 40.00 X 122146 0 0 REBECCA J ENDRES MEMBERSHIP DIRECTOR 40.00 X 116248 0 0 REBECCA GARDNER SHOWALER CONTROLLER 40.00 X 106855 0 0 RAYMOND TAPPENDORF CHEF 40.00 X 113079 0 0 MICHAEL J THOMAS GOLF PROFESSIONAL 40.00 X 115627 0 0 1184431 0 0 8 0 1 0 0 MEMBERSHIP DUES 713910 5242581 5242581 GOLF INCOME 713910 1172533 1110884 61649 INITIATION FEES 713910 670795 670795 TENNIS INCOME 713910 253043 253043 UNUSED MINIMUMS 713910 86689 86689 249505 249505 7675146 41934 41934 527102 -527102 -527102 -527102 3168356 3472936 -304580 -292773 -11807 MISCELLANEOUS INCOME 713910 84660 84660 84660 6970058 6878282 91776 0 X 610476 1860607 48228 149916 201997 101441 180939 1079813 GOLF EXPENSES 387313 COURSE EXPENSES 271737 UTILITIES 256250 R&M - GOLF COURSE 130567 1082012 6361296 1470276 1221622 1649825 2055944 1522757 453338 99319 88787 246554 240305 23786334 13433691 11156938 10352643 61273 163520 505687 16309189 14979599 775993 423566 657343 31163 3949933 3819523 446208 22000 5829477 4296252 X 10479712 10683347 10479712 10683347 16309189 14979599 X 608762 -499028 93901 X 0 1 X 1 0 389221 389221 19055216 11079558 7975658 4306095 2318331 1987764 35802 35802 0 10352643 MEMBER BONDS PAYABLE 22000 22000 X 10970096 4000038 4000038 6970058 0 6970058 10361335 4000039 4000039 6361296 0 6361296 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(7) OF THE IRC BUT IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME AS DEFINED BY THE IRC. THE PROVISIONS FOR INCOME TAX BENEFIT/(EXPENSE) RECORDED IN THE FINANCIAL STATEMENTS FOR THE YEARS ENDED MARCH 31, 2023 AND 2022 ARE ($10,462) AND $1,094, RESPECTIVELY. AS OF MARCH 31, 2023 AND 2022, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR 2020. THERE ARE CURRENTLY NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - FOOD AND BEVERAGE 3,472,936. LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN REVENUE 527,102. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SWAP CONTRACT VALUE BOOK TO TAX ADJUSTMENT FOR FIXED ASSETS LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN REVENUE 527,103. COST OF GOODS SOLD - FOOD AND BEVERAGE 3,472,936. X 1 1 X 0 0 0 RICHARD MARR GENERAL MANAGER 276672 0 0 0 0 0 0 0 0 0 276672 0 0 0 ROBERT A AGRESTI GOLF PROFESSIONAL 171141 0 0 0 0 0 0 0 0 0 171141 0 0 0 MATTHEW L EARHART GREENS SUPERINTENDENT 162663 0 0 0 0 0 0 0 0 0 162663 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS ORGANIZED WITH MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CLUB VOTE THE GOVERNING BODY EACH TERM. FORM 990, PART VI, SECTION A, LINE 7B ANY UNUSUAL CHANGES TO DEBT OR MAJOR CONSTRUCTION PROJECTS ARE USUALLY VOTED ON BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY AN OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY ANDIT IS REVIEWED AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY AND COMPENSATION OF THE GENERAL MANAGER IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. THE COMPENSATION IS BASED ON PERFORMANCE AS WELL AS COMPARISON TO COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS.THE SALARY AND COMPENSATION OF OTHER KEY EMPLOYEES IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. THE COMPENSATION IS BASED ON PERFORMANCE AS WELL AS COMPARISON TO COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THEY ARE AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 24E R&M - CLUBHOUSE 111,134. INSURANCE 74,623. REAL ESTATE TAXES 66,305. CONFERENCES & MEETINGS 55,462. COMMITTEE EXPENSE 52,612. SUPPLIES - CLUBHOUSE 48,191. GENERAL & ADMIN MISC 47,142. BAD DEBTS 46,962. FITNESS CENTER 45,810. CLEANING 44,824. FUEL EXPENSE 41,383. DUES & SUBSCRIPTIONS 39,419. PERSONAL PROPERTY TAXES 38,756. SWIMMING EXPENSES 38,718. MISCELLANEOUS 35,434. R&M - TENNIS 32,776. R&M - G&A 32,136. SUPPLIES - GOLF COURSE 25,011. TELEPHONE 24,017. SUPPLIES - TENNIS 22,829. TRASH REMOVAL 19,942. BANK SERVICE CHARGES 19,676. SUPPLIES - G&A 14,863. SUPPLIES - GOLF OPS 14,112. PRINTING 12,226. R&M - SWIMMING 11,158. OTHER TAXES 10,462. AMORTIZATION 9,340. POSTAGE & SHIPPING 8,198. HOUSE EXPENSES 8,002. UNIFORM EXPENSE 7,905. ADVERTISING 6,099. MISCELLANEOUS EXPENSE 4,912. R&M - GOLF OPS 4,502. R&M - FITNESS 3,703. TENNIS EXPENSES 1,948. SUPPLIES - SWIMMING 1,420. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 93,901.