2024-05-09T15:41:50-05:00 2023-06-30 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2022-07-01 314176230 THE OHIO STATE UNIVERSITY FACULTY CLUB OHIO 6142922262 181 SOUTH OVAL DRIVE COLUMBUS OH 43210 SARAH FAVARA EXECUTIVE DIRECTOR 6142922262 2024-05-09 1 SARAH FAVARA 999009999 1 KATHY M MOSELEY P00116760 6142211120 2024-05-09 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARAH FAVARA 181 SOUTH OVAL DRIVE COLUMBUS OH 43210 1966985 0 X WWW.OHIO-STATEFACULTYCLUB.COM X 2001 OH SUPPORT FACULTY OF STATE SUPPORTED UNIVERSITY. 10 10 77 0 137002 7265 0 0 1377643 1924439 6015 8265 19243 34281 1402901 1966985 0 0 0 0 1121028 1276220 0 0 0 391865 828080 1512893 2104300 -109992 -137315 1375982 1224720 772160 785414 603822 439306 SUPPORT FACULTY OF STATE SUPPORTED UNIVERSITY. 0 0 THE ORGANIZATION PROVIDES DINING SERVICES TO ITS MEMBERS; GENERALLY,FACULTY OF THE OHIO STATE UNIVERSITY. 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 13 0 1 77 1 1 1 0 0 0 0 21943 144704 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 X KATHLEEN PRINES 6142922262 181 SOUTH OVAL MALL COLUMUBS OH 43210 DON POPE-DAVIS DIRECTOR 1.00 X 0 0 0 CARROLL ANN TROTMAN DIRECTOR 1.00 X 0 0 0 JEANNE OSBORNE PRESIDENT 1.00 X X 0 0 0 PAUL BECK SECRETARY 1.00 X X 0 0 0 ERIC SMITH TREASURER 1.00 X X 0 0 0 MARK BARTMAN DIRECTOR 1.00 X 0 0 0 JOHN SOHL DIRECTOR 1.00 X 0 0 0 JOLYNN PEK DIRECTOR 1.00 X 0 0 0 PHILLIP ANDERSON DIRECTOR 1.00 X 0 0 0 BRIAN PERERA DIRECTOR 1.00 X 0 0 0 SARAH FAVARA EXECUTIVE DIRECTOR 40.00 X 102000 0 0 JEFFREY WHITE FORMER EXECUTIVE DIRECTOR 0.00 X 138000 0 0 240000 0 0 2 1 0 0 0 DINING SERVICES 722514 1119583 1026613 92970 MEMBERSHIP DUES 900099 373288 373288 FACILITY FEES 900099 261245 261245 ROOM RENTALS 531390 101015 90765 10250 OTHER PROGRAM SERVICES 900099 69308 62105 7203 1924439 8265 8265 MANAGEMENT CONTRACTS 561499 18314 18314 ART SALES 900099 15967 15967 34281 1966985 1814016 137002 15967 102000 138000 766570 11214 183268 75168 75006 6845 52506 18174 130661 16210 COST OF GOODS SOLD 319610 EQUIPMENT & MAINTENANCE 57851 MERCHANT 51469 LAUNDRY & UNIFORMS 34372 65376 2104300 634948 585139 140584 141193 173224 165171 24478 21207 13149 16296 3108617 2812903 388599 295714 1000 1375982 1224720 126416 165225 21544 7525 500000 500000 124200 112664 772160 785414 X 603822 439306 603822 439306 1375982 1224720 -137315 -27201 0 X X 0 1 X 1 0 1268284 1050503 217781 1840333 1762400 77933 295714 NOTE PAYABLE, RELATED PARTY 112664 112664 X 2062284 -27201 122500 95299 1966985 0 1966985 2226800 122500 122500 2104300 0 2104300 PART X, LINE 2: THE CLUB IS A NOT-FOR-PROFIT CLUB EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES ON THE FINANCIAL STATEMENTS. HOWEVER, INCOME, IF ANY, FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CLUB'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED JUNE 30, 2023, THE CLUB HAS RECORDED A PAYABLE OF $13,974 FOR UNRELATED BUSINESS INCOME. THE CLUB FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CLUB'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2023, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRED EITHER RECOGNITION OR DISCLOSURE IN THE CLUB'S FINANCIAL STATEMENTS. GENERALLY, THE TAX YEAR BEFORE 2019 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES. X 0 0 0 JEFFREY WHITE FORMER EXECUTIVE DIRECTOR 138000 0 0 0 0 0 0 0 0 0 138000 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 OSU FACULTY CLUB IS A SOCIAL CLUB WHOSE MEMBERS ARE OSU FACULTY, STAFF, AND ALUMNI. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY (BOARD OF CONTROL) IS ELECTED BY A MAJORITY VOTE OF THE ORGANIZATION'S MEMBERS. THE MEMBERS VOTE EACH YEAR, FROM A SLATE OF CANDIDATES, TO FILL OPEN BOARD OF CONTROL SPOTS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE BOARD OF CONTROL ARE SUBJECT TO APPROVAL BY ORGANIZATION'S MEMBERSHIP. DAY-TO-DAY DECISIONS ARE MADE BY THE CLUB'S OPERATIONAL MANAGEMENT TEAM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FURNISHED TO BOARD AND REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DUE TO A TRANSITION IN ACCOUNTING FIRMS, WE FAILED TO FILE AN EXTENSION ON OR BEFORE NOVEMBER 15, 2023. WE HAVE CORRECTED THE PROCEDURES TO ENSURE ALL EXTENSIONS AND RETURNS WILL BE TIMELY FILED IN THE FUTURE. PLEASE ABATE ALL PENALTIES AND INTEREST ACCRUED.