2024-08-14T07:39:29-05:00 2023-09-30 540737372 PBMARES LLP 12150 MONUMENT DRIVE SUITE 350 FAIRFAX VA 22033 990 2022-10-01 520799949 CHEVY CHASE CLUB INC CHEV 3016524100 6100 CONNECTICUT AVENUE CHEVY CHASE MD 20815 IRA W CARNAHAN TREASURER 3016524100 2024-08-09 1 1 EDWARD T YODER CPA P00239134 7033858577 2024-08-09 X 2022 2024-08-08 14:25:15Z IRA W CARNAHAN 6100 CONNECTICUT AVENUE CHEVY CHASE MD 20815 40636384 0 X CHEVYCHASECLUB.ORG X 1977 MD TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 15 15 567 32 1479892 636328 0 0 28869609 31679238 357903 557219 4647504 4695343 33875016 36931800 2149 0 0 0 20075500 22030077 0 0 0 10271786 11255687 30349435 33285764 3525581 3646036 70306957 74643562 12740926 13303449 57566031 61340113 TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 0 0 THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 118 0 1 567 1 1 1 0 0 0 1 1 5059750 1120255 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN O'NEAL 3016524100 6100 CONNECTICUT AVE CHEVY CHASE MD 20815 TIMOTHY A HARR PRESIDENT 1.00 X X 0 0 0 WILLIAM J CURTIN III VICE PRESIDENT 1.00 X X 0 0 0 JOSHUA G HARTMAN VICE PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER CONNOLLY EXECUTIVE COMMITTEE CHAIRMAN 1.00 X X 0 0 0 IRA W CARNAHAN TREASURER 1.00 X X 0 0 0 ROBERT B BELLINGER ASSISTANT TREASURER 1.00 X X 0 0 0 JUAN C ALTAMAR SECRETARY 1.00 X X 0 0 0 CHRISTOPHER N MANNING ASSISTANT SECRETARY 1.00 X X 0 0 0 HADLEY S COOPER GOVERNOR 1.00 X 0 0 0 GRAY MACNAIR KING GOVERNOR 1.00 X 0 0 0 EDWARD S MANDEL GOVERNOR 1.00 X 0 0 0 NAOTAKA MATSUKATA GOVERNOR 1.00 X 0 0 0 SARAH A MCGARRY GOVERNOR 1.00 X 0 0 0 ERIN N ORTIZ GOVERNOR 1.00 X 0 0 0 STUART S PRINCE GOVERNOR 1.00 X 0 0 0 LUKE O'BOYLE GENERAL MANAGER 40.00 X 508428 0 72108 JOHN O'NEAL CHIEF FINANCIAL OFFICER 40.00 X 209760 0 52889 STEPHEN BRITTON DIRECTOR OF AGRONOMY 40.00 X 308500 0 46166 KENNETH GLADYSZ EXECUTIVE CHEF 40.00 X 255592 0 54852 ADAM HEMEON DIRECTOR OF GOLF 40.00 X 225223 0 59994 MERIDITH KHATTAR ASSISTANT GENERAL MANAGER 40.00 X 218192 0 39573 ALYSON SMITH DIRECTOR OF RAQUETS 40.00 X 197802 0 20874 ZACH HATEM DIRECTOR OF FOOD AND BEVERAGE 40.00 X 203140 0 37646 2126637 0 384102 8 0 1 0 CADDIE MASTER ENTERPRISES LLC 15044 N SCOTTSDALE ROAD SUITE 300 SCOTTSDALE AZ 85254 CADDIE SERVICES 746875 1 MEMBER DUES & ASSESSMENTS 713910 24596462 24596462 TENNIS REVENUES 713910 1558541 1558541 GOLF REVENUES 713910 1549833 1549833 FITNESS REVENUES 713910 1423302 1423302 SKATE REVENUES 713910 912980 912980 1638120 1328867 309253 31679238 619278 619278 22635 0 84694 22635 -84694 -62059 -84694 22635 8315233 3619890 4695343 4166617 528726 36931800 35451908 1479892 0 601651 17203652 930287 1796042 1498445 304300 975655 1544157 3000664 339715 REPAIR & MAINTENENCE 1630378 FUND EXPENDITURES 1090090 ENTERTAINMENT COSTS 526803 SKATE EXPENSE 348230 1495695 33285764 1636338 1560501 9060849 12589674 12734532 11151638 731722 694041 821987 725179 101070463 57026641 42092167 44043822 1600850 1760860 1628512 2117847 70306957 74643562 2831053 2543193 7896818 8270911 2013055 2489345 12740926 13303449 X 55666605 59440687 1899426 1899426 57566031 61340113 70306957 74643562 X 3646036 175353 -47307 X X 0 1 X 1 0 1899426 1302311 24359 1090275 2135821 1892354 939017 10407 942352 1899426 1787293 997917 7763 900619 1892354 1574834 1236488 20475 1044504 1787293 1545289 925403 23636 919494 1574834 0.00000 0.35600 0.64400 0 0 216649 216649 54152249 24849282 29302967 121451 121451 0 46580114 32055908 14524206 44043822 POSTRETIREMENT BENEFIT OBLIGATION 374923 DEFERRED COMPENSATION OBLIGATION 2011797 LEASE LIABILITY 102625 2489345 X 40754814 175353 3619894 3795247 36959567 -27767 -27767 36931800 36980732 3619894 3619894 33360838 -75074 -75074 33285764 PART V, LINE 4: PERMANENTLY RESTRICTED ASSETS ARE COMPRISED OF AN ENDOWMENT FUND AND A PRIZE FUND. THE ENDOWMENT FUND IS DESIGNATED FOR SPECIAL PROJECTS TO ENHANCE THE QUALITY OF CLUB LIFE. THE PRIZE TRUST FUND REPRESENTS MEMBER DONATIONS TO ENDOW A CLUB TOURNAMENT. TEMPORARILY RESTRICTED FUNDS ARE CONTRIBUTIONS FROM MEMBERS FOR CERTAIN CLUB ACTIVITIES SUCH AS EMPLOYEES' CHRISTMAS GIFTS, COMMEMORATIVE TREES AND TOURNAMENT EDUCATION. PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBERS' TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE PROVISION FOR INCOME TAXES COMPRISES FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF THE TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CLUB'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,619,890. PART XI, LINE 4B - OTHER ADJUSTMENTS: EARNINGS ON DEFERRED COMPENSATION PLAN ASSETS 56,927. DISPOSITION OF ASSETS -84,694. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,619,890. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISPOSITION OF ASSETS -84,694. 457B PLAN ADJUSTMENT 9,620. X 0 1 X X X X X 0 1 0 LUKE O'BOYLE GENERAL MANAGER 435848 0 72580 0 0 0 41850 0 30258 0 580536 0 0 0 STEPHEN BRITTON DIRECTOR OF AGRONOMY 267952 0 40548 0 0 0 15362 0 30804 0 354666 0 0 0 KENNETH GLADYSZ EXECUTIVE CHEF 225592 0 30000 0 0 0 36079 0 18773 0 310444 0 0 0 ADAM HEMEON DIRECTOR OF GOLF 225223 0 0 0 0 0 29863 0 30131 0 285217 0 0 0 JOHN O'NEAL CHIEF FINANCIAL OFFICER 190306 0 19454 0 0 0 22085 0 30804 0 262649 0 0 0 MERIDITH KHATTAR ASSISTANT GENERAL MANAGER 203192 0 15000 0 0 0 14008 0 25565 0 257765 0 0 0 ZACH HATEM DIRECTOR OF FOOD AND BEVERAGE 183140 0 20000 0 0 0 8430 0 29216 0 240786 0 0 0 ALYSON SMITH DIRECTOR OF RAQUETS 174751 0 23051 0 0 0 18190 0 2684 0 218676 0 0 0 PART I, LINE 1A THE GENERAL MANAGER RECEIVES TAX GROSS-UP PAYMENTS FOR THE COST OF LIFE INSURANCE PREMIUMS THAT ARE DEEMED TO BE TAXABLE COMPENSATION PART I, LINE 4B NOT REQUIRED TO REPORT 457(B) PAYMENTS PER THE INSTRUCTIONS TO SCHEDULE J. CHARLES S ABELL CHARLES ABELL IS A PARTNER IN A LAW FIRM THE CLUB DOES A LIMITED AMOUNT OF 8647 LEGAL SERVICES 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SELECT THE OFFICERS AND DIRECTORS FORM 990, PART VI, SECTION A, LINE 7B THE BOARD MAKES MOST DECISIONS HOWEVER THERE ARE SEVERAL ITEMS WHICH ARE SUBJECT TO APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B BOARD RECEIVES A COPY OF THE 990 FOR REVIEW PRIOR TO FILING RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES AN ANNUAL INQUIRY FORM 990, PART VI, SECTION B, LINE 15 THE CLUB HAS A COMPENSATION COMMITTEE FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: 457B PLAN INCOME NOT INCLUDED IN REVENUE ON FINANCIAL STATEMENTS -56,927. NON-TAXABLE POST RETIREMENT NOT ON RETURN 9,620. FORM 990 PART XII LINE 2C THE CLUB HAS AN AUDIT COMMITTEE WHICH IS RESPONSIBLE FOR SELECTING THE AUDIT FIRM AND OVERSEEING THE ANNUAL AUDIT.