2024-08-01T18:21:35-05:00 2023-09-30 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2022-10-01 940732930 THE OLYMPIC CLUB OLYM 4153455100 524 POST STREET SAN FRANCISCO CA 94102 ANDREW K GORDON TREASURER 4153455100 2024-07-30 1 0 MAGA E KISRIEV P01008919 4089988400 2022 2024-08-08 14:25:15Z MALIA LYLE 524 POST STREET SAN FRANCISCO CA 94102 73482445 0 X WWW.OLYCLUB.COM X 1860 CA THE ORGANIZATION IS A SOCIAL AND ATHLETIC CLUB. 12 12 554 150 5802899 3911719 1113640 0 47047083 49790118 42369 765750 15001732 15969032 63204824 66524900 94940 116787 0 0 35340967 37802895 0 0 0 27088223 27977300 62524130 65896982 680694 627918 141605316 188076167 66525627 110489082 75079689 77587085 THE CLUB IS A NONPROFIT MUTUAL BENEFIT CORPORATION. THE OBJECTS AND PURPOSES OF THE CLUB ARE TO PROMOTE PHYSICAL CULTURE, SOCIAL INTERACTION AND THE FOSTERING OF AMATEUR ATHLETICS IN A SPIRIT OF CLOSE HARMONY AMONG ITS MEMBERSHIP. 0 0 THE CLUB SERVED APPROXIMATELY 5,500 VOTING MEMBERS AND 5,500 ADDITIONAL MEMBERS AND THEIR GUESTS TO PROMOTE ATHLETICS. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 197 0 1 554 1 1 1 0 0 0 0 7640449 2230095 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X SABRI OZUN 4153455120 524 POST STREET SAN FRANCISCO CA 94102 JAMES A MURPHY PRESIDENT 10.00 X X 0 0 0 PAUL O'DRISCOLL PRESIDENT (THRU 12/31/22) 10.00 X X 0 0 0 DONALD L SULLIVAN VICE PRESIDENT 4.00 X X 0 0 0 DR SUSAN M CAMPBELL VICE PRESIDENT (THRU 12/31/22) 4.00 X X 0 0 0 WARD C NAUGHTON SECRETARY 4.00 X X 0 0 0 GERALD E O'HARA SECRETARY (THRU 12/31/22) 4.00 X X 0 0 0 KEVIN W LEE TREASURER 4.00 X X 0 0 0 ADRIAN E DOLLARD TREASURER (THRU 12/31/22) 4.00 X X 0 0 0 RENEE C BAKER BOARD OF DIRECTORS 4.00 X 0 0 0 MARTIN CONNOLLY BOARD OF DIRECTORS 4.00 X 0 0 0 MALIA LYLE BOARD OF DIRECTORS 4.00 X 0 0 0 STEPHEN R PAPALE BOARD OF DIRECTORS 4.00 X 0 0 0 ANDREW K GORDON BOARD OF DIRECTORS (START 1/1/23) 4.00 X 0 0 0 MARK S KELLY BOARD OF DIRECTORS (START 1/1/23) 4.00 X 0 0 0 ERIC STARR BOARD OF DIRECTORS (START 1/1/23) 4.00 X 0 0 0 DENNIS M WILLIAMS BOARD OF DIRECTORS (START 1/1/23) 4.00 X 0 0 0 DAVID W EVANS BOARD OF DIRECTORS (THRU 12/27/22) 4.00 X 0 0 0 TIM MUESSLE CHIEF OPERATING OFFICER 40.00 X 695856 0 41159 SABRI OZUN CHIEF FINANCIAL OFFICER 40.00 X 362520 0 53475 TROY FLANAGAN DIRECTOR OF GOLF MAINTENANCE 40.00 X 371238 0 53454 ABHISHEK SONKAR CLUBHOUSE MANAGER 40.00 X 299361 0 44238 WILL HUTTER DIRECTOR OF GOLF 40.00 X 368338 0 18114 NICK LUSSON ATHLETIC DIRECTOR 40.00 X 280923 0 18902 KAITLIN BARRY HUMAN RESOURCES DIRECTOR 40.00 X 246987 0 14999 MARC PASSETTI CLUBHOUSE MANAGER 40.00 X 159780 0 40092 RICHARD SHERIDAN DIR. OF PLAYER DEVELOPMENT 40.00 X 281017 0 26521 MICHAEL GILBERT DIRECTOR OF REAL ESTATE 40.00 X 324364 0 54990 MATHEW JORDAN DIRECTOR OF GOLF 40.00 X 126101 0 3175 THOMAS WHITTEN TENNIS DIRECTOR 40.00 X 284190 0 31872 FRANK STRANZL COMMUNICATION DIRECTOR 40.00 X 213304 0 21411 4013979 0 422402 43 0 1 0 HOT DOG BILLS 675 SANTA BARBARA AVE MILLBRAE CA 94030 CONCESSIONAIRE 1302165 DOMINIQUE PFAHL 2698 EDISON ST GRATON CA 95444 FLORIST 154253 2 DUES AND ASSESSMENTS 713910 49790118 49790118 49790118 726730 726730 3974062 642107 3331955 3331955 3331955 50445 11425 39020 39020 39020 18818450 6304013 12514437 10931883 1582554 ADVERTISING 541800 122640 122640 122640 66524900 60722001 5802899 0 116787 4301263 18432323 2352973 10784610 1931726 80397 107666 31000 97139 2007260 6020733 343787 3216161 6148079 1630834 LOSS ON ASSETS DISPOSAL 2196179 INCOME TAXES 1096000 ATHLETIC PROGRAMS 984135 SAND GRAVEL SEEDS PLANT 833928 3184002 65896982 8067870 26050873 14961479 31513727 7908887 8486777 1290757 1271111 1482785 1659254 204266128 85970340 105709373 118295788 2184165 798637 141605316 188076167 11225110 8826688 13386748 14821935 37584513 84698147 4329256 2142312 66525627 110489082 X 75079689 77587085 75079689 77587085 141605316 188076167 X 627918 313933 1565545 X 0 1 X 1 0 7779262 7779262 67945946 36779406 31166540 76790415 32552998 44237417 20746520 16637936 4108584 31003985 31003985 118295788 INTEREST RATE SWAP 1584832 CAPITAL LEASE 557480 2142312 X 72547704 313933 -630634 -316701 72864405 -6339505 -6339505 66524900 70040308 6339505 6339505 63700803 2196179 2196179 65896982 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE WITH RESPECT TO MEMBERS' TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS TAX-EXEMPT PURPOSE. THE CLUB IS THEREFORE EXEMPT FROM INCOME TAXES, EXCEPT ON ITS EARNINGS FROM INVESTMENTS AND OPERATIONS FROM NON-MEMBER ACTIVITIES. THE PROVISION FOR INCOME TAXES FOR THE FISCAL YEARS ENDED SEPTEMBER 30, 2023 AND 2022, CONSISTS SOLELY OF CURRENT TAX AND IS BASED GENERALLY ON THE CLUB'S NON-MEMBER INCOME, AND INVESTMENT INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,565,545. FIXED ASSETS WRITE OFF RECLASSIFIED TO EXPENSES -2,196,179. PART XI, LINE 4B - OTHER ADJUSTMENTS: TOURNAMENT REVENUE NETTED WITH TOURNAMENT EXPENSES 107,369. DEPRECIATION EXPENSES FOR RENTAL PROPERTY -142,860. COST OF GOODS SOLD -6,304,014. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE FOR RENTAL PROPERTY 142,860. TOURNAMENT REVENUE NETTED WITH TOURNAMENT EXPENSES -107,369. COST OF GOODS SOLD 6,304,014. PART XII, LINE 4B - OTHER ADJUSTMENTS: FIXED ASSETS WRITE OFF RECLASSIFIED TO EXPENSES 2,196,179. 1 THE OLYMPIC CLUB FOUNDATION 524 POST ST SAN FRANCISCO CA 94102 943160462 501(C)(3) 57000 0 GENERAL SUPPORT LAKE TAHOE NEVADA STATE PARK PO BOX 6116 INCLINE VILLAGE NV 89450 886000022 NV STATE PARK 10979 0 GENERAL SUPPORT LEAGUE TO SAVE LAKE TAHOE 2608 LAKE TAHOE BLVD SOUTH LAKE TAHOE CA 96150 946128680 501(C)(3) 10979 0 GENERAL SUPPORT TAHOE CITY PUBLIC UTILITY 221 FAIRWAY DR TAHOE CITY CA 95145 946019711 TCPUD 10979 0 GENERAL SUPPORT 4 0 PART I, LINE 2: THE ORGANIZATION HAS OPERATIONS IN THE AREA AND FREQUENTLY MONITORS THE GOOD WORKS OF THE GRANTEES. X X X 1 0 0 TIM MUESSLE CHIEF OPERATING OFFICER 475534 0 218000 0 2322 0 15250 0 25909 0 737015 0 0 0 TROY FLANAGAN DIRECTOR OF GOLF MAINTENANCE 336853 0 25943 0 8442 0 15250 0 38204 0 424692 0 0 0 SABRI OZUN CHIEF FINANCIAL OFFICER 335143 0 25943 0 1434 0 15250 0 38225 0 415995 0 0 0 WILL HUTTER DIRECTOR OF GOLF 45118 0 62343 0 260877 0 15250 0 2864 0 386452 0 0 0 MICHAEL GILBERT DIRECTOR OF REAL ESTATE 302989 0 20943 0 432 0 15250 0 39740 0 379354 0 0 0 ABHISHEK SONKAR CLUBHOUSE MANAGER 267986 0 30943 0 432 0 15250 0 28988 0 343599 0 0 0 THOMAS WHITTEN TENNIS DIRECTOR 257513 0 25943 0 734 0 9157 0 22715 0 316062 0 0 0 RICHARD SHERIDAN DIR. OF PLAYER DEVELOPMENT 279784 0 943 0 290 0 14176 0 12345 0 307538 0 0 0 NICK LUSSON ATHLETIC DIRECTOR 250770 0 25943 0 4210 0 9374 0 9528 0 299825 0 0 0 KAITLIN BARRY HUMAN RESOURCES DIRECTOR 223376 0 20943 0 2668 0 8725 0 6274 0 261986 0 0 0 FRANK STRANZL COMMUNICATION DIRECTOR 175485 0 37500 0 319 0 10738 0 10673 0 234715 0 0 0 MARC PASSETTI CLUBHOUSE MANAGER 159312 0 0 0 468 0 6261 0 33831 0 199872 0 0 0 PART I, LINE 4A WILL HUTTER, DIRECTOR OF GOLF, RECEIVED $260,430 SEVERANCE PAYMENT IN CALENDAR YEAR 2022. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB OFFERS TEN CLASSES OF MEMBERSHIPS, OF WHICH ACTIVE MEMBERS HAVE THE RIGHT TO NOMINATE AND ELECT BOARD OF DIRECTORS AS PER THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS HAVE THE RIGHT TO NOMINATE AND ELECT BOARD OF DIRECTORS AS PER THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNANCE DECISIONS ARE RESERVED TO MEMBERS OR PERSONS OTHER THAN THE GOVERNING BODY WHEN THE SALE OF PROPERTY IS OVER $1,000,000 AND WHEN THERE IS SPECIAL ASSESSMENT RELATED TO BUILDING CONSTRUCTION OR RENOVATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS APPOINTS AN AUDIT COMMITTEE WHOSE RESPONSIBILITY CONSISTS OF ALL ASPECTS OF THE ANNUAL FINANCIAL AUDIT, INCLUDING THE TAX FILINGS AND REVIEW OF THE FORM 990. FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE BY THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 DURING A SPECIAL MEETING. AUDIT COMMITTEE MEMBERS (INCLUDING SOME BOARD MEMBERS) ASKED QUESTIONS AND THE PAID PREPARER PROVIDED CLARIFICATION AND EXPLANATION. UPON THE COMPLETION OF THE MEETING, THE AUDIT COMMITTEE APPROVED THE FORM 990 FOR FILING. A COMPLETE COPY OF THE DRAFT WAS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS REISSUED AND RE-SIGNED ANNUALLY BY THE EXECUTIVE OFFICE. ALL KEY EMPLOYEES ARE REQUIRED TO SIGN THE POLICY INCLUDING ALL MERCHANDISE/FOOD & BEVERAGE BUYERS, ALL ADMINISTRATIVE, ACCOUNTING AND MANAGEMENT PERSONNEL. THE GENERAL MANAGER'S OFFICE APPROVES ANNUAL CONFLICT OF INTEREST LOGS. THE BOARD OF DIRECTORS ARE REQUIRED TO RECUSE THEMSELVES IN THE MINUTES OF ANY POTENTIAL CONFLICT OF INTEREST DECISIONS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE CONSISTING OF BOARD MEMBERS WHO APPROVE THE GENERAL MANAGER'S BONUSES AND YEARLY SALARY INCREASES. COMPARATIVE DATA IS OBTAINED FROM OUTSIDE COMPENSATION CONSULTANTS AND REVIEWING FORM 990 OF OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). AUDITED FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN THE CLUB MAGAZINE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,565,545.