2024-11-10T23:46:50-06:00 2023-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-01-01 272525099 THE CLUB FOUNDATION CLUB 3014692000 8500 RIVER ROAD BETHESDA MD 20817 CAROLINE CHENEY TREASURER 3014692000 2024-11-08 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 3016529100 2024-11-08 2023 2024-10-15 13:58:12Z VERONICA COLE 8500 RIVER ROAD BETHESDA MD 20817 160297 0 X WWWW.CCCLUBFOUNDATION.ORG X 2010 MD THE CLUB FOUNDATION'S MISSION IS TO "BE THERE" IN THE EVENT OF DISASTER, EMERGENCY OR EXTREME HARDSHIP STRIKES THOSE WHO WORK AT THE CLUB OR LIVE IN THE SURROUNDING COMMUNITY. 12 12 0 12 0 0 83883 150419 0 0 5167 9878 0 0 89050 160297 86445 43145 0 0 0 0 0 0 0 10575 10269 97020 53414 -7970 106883 521606 697565 5650 6540 515956 691025 X THE CLUB FOUNDATION IS A CHARITABLE ORGANIZATION CREATED TO PROVIDE DISASTER RELIEF AND EMERGENCY HARDSHIP ASSISTANCE TO DESERVING INDIVIDUALS, AND THEIR IMMEDIATE FAMILY MEMBERS, INCLUDING INDIVIDUALS EMPLOYED BY OR AFFILIATED WITH CONGRESSIONAL COUNTRY CLUB, INC. AS WELL AS INDIVIDUALS IN NEED IN THE LOCAL COMMUNITY. 0 0 43145 43145 GRANT ASSISTANCE: TO PROVIDE DISASTER RELIEF, EMERGENCY HARDSHIP ASSISTANCE TO DESERVING INDIVIDUALS, AND THEIR IMMEDIATE FAMILY MEMBERS, INCLUDING INDIVIDUALS EMPLOYED BY OR AFFILIATED WITH CONGRESSIONAL COUNTRY CLUB, INC. AS WELL AS INDIVIDUALS IN NEED IN THE LOCAL COMMUNITY. 43145 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MD X CAROLINE CHENEY 3014692009 8500 RIVER ROAD BETHESDA MD 20817 X AMANDEEP LAMBA DIRECTOR 0.10 X 0 0 0 ANNE C VIROSTEK DIRECTOR 0.10 X 0 0 0 JACK RAILEY DIRECTOR 0.10 X 0 0 0 JOHN P MCLAUGHLIN DIRECTOR 0.10 X 0 0 0 KEVIN R GIBLIN DIRECTOR 0.10 X 0 0 0 LISA PARO DIRECTOR 0.10 X 0 0 0 MSGR JOHN J ENZLER DIRECTOR 0.10 X 0 0 0 SCOTT J DOYLE CHAIRMAN 0.10 X X 0 0 0 SEAN GORMLEY DIRECTOR 0.10 X 0 0 0 SUZANNE M SQUIER DIRECTOR 0.10 X 0 0 0 VERONICA COLE PRESIDENT 0.10 X X 0 0 0 WAYNE M LEE DIRECTOR 0.10 X 0 0 0 CAROLINE CHENEY TREASURER 0.10 X 0 0 0 MAXINE D HARVEY SECRETARY 0.10 X 0 0 0 0 0 0 0 0 0 0 0 150419 3196 150419 9878 9878 160297 0 0 9878 15000 15000 28145 28145 9766 9766 388 388 115 115 53414 43145 10269 0 91783 171761 21847 38350 407976 487454 521606 697565 5650 6540 5650 6540 X 515956 691025 515956 691025 521606 697565 106883 68186 0 X 1 X 0 1 0 X 82547 299241 117562 83883 150419 733652 82547 299241 117562 83883 150419 733652 733652 7664 9108 3822 5167 9878 35639 769291 0.95370 0.94690 X 0 X 229983 68186 1500 69686 160297 0 160297 54914 1500 1500 53414 0 53414 PART X, LINE 2: THE FOUNDATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE FOUNDATION IS SUBJECT TO INCOME TAXES ON REVENUE GENERATED FROM OTHER SOURCES UNRELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION IS NOT A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. INCOME TAX RETURNS FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE FOUNDATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. 1 HARDSHIP ASSISTANCE 13 28145 PART I, LINE 2: THE ORGANIZATION HAS A FORMAL APPLICATION PROCESS FOR FINANCIAL ASSISTANCE. RECORDS OF WHO RECEIVES ASSISTANCE ARE MAINTAINED WITHIN THE ORGANIZATION'S CLIENT RECORDS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCIAL STATEMENTS OF THE CLUB FOUNDATION (THE FOUNDATION) ARE PREPARED BY THE FOUNDATION TREASURER AND REVIEWED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM. ONCE THE FINAL STATEMENTS ARE APPROVED, THE PUBLIC ACCOUNTING FIRM PREPARES IRS FORM 990 BASED ON DATA COMPILED BY MANAGEMENT WHICH IS REVIEWED BY THE TREASURER. A COPY OF THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECIEVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. ALSO, TO ENSURE THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIOD REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B.WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE FOUNDATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. IT IS THE DUTY OF ANY INTERESTED PERSON OF THE FOUNDATION TO DISCLOSE THEIR POSSIBLE CONFLICT OF INTEREST TO THE GOVERNING BOARD FOR A DETERMINATION OF WHETHER THE CONFLICT OF INTEREST EXISTS. IF THE CONFLICT EXISTS, PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST WILL BE FOLLOWED BY THE BOARD. ALSO, ANY VIOLATIONS OF THE POLICY WILL ALLOW THE GOVERNING BOARD TO TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLEY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS THAT ARE REQUIRED BY STATE OR FEDERAL LAW TO BE OPEN TO PUBLIC INSPECTION SHALL BE DISTRIBUTED UPON VERBAL OR WRITTEN REQUEST - NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC.