2024-11-14T14:28:33-06:00 2023-12-31 540737372 PBMARES LLP 12150 MONUMENT DRIVE SUITE 350 FAIRFAX VA 22033 990 2023-01-01 540735366 MOUNT VERNON COUNTRY CLUB INC MOUN 7037808700 5111 OLD MILL ROAD ALEXANDRIA VA 22309 STEPHEN DOWNS CHIEF FINANCIAL OFFICER 7037808700 2024-11-12 1 1 EDWARD T YODER CPA P00239134 7033858577 2024-11-12 X 2023 2024-10-15 13:58:12Z STEPHEN DOWNS 5111 OLD MILL ROAD ALEXANDRIA VA 22309 11088186 0 X WWW.MOUNTVERNONCC.ORG X 1963 VA TO PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS. 9 9 188 9 153336 19392 0 0 7542928 8558392 -5356 158823 1120904 1232045 8658476 9949260 0 0 0 0 4159037 4760898 0 0 0 4225280 4283500 8384317 9044398 274159 904862 16208437 16730930 5478447 5106978 10729990 11623952 X MOUNT VERNON COUNTRY CLUB IS ORGANIZED AND OPERATED FOR PLEASURE, RECREATION, AND OTHER NON-PROFITABLE PURPOSES AS PERMITTED FOR THE INTEREST OF ITS MEMBERS TO PROMOTE THEIR FRIENDSHIP, SOCIABILITY, ENJOYMENT AND CULTURE. MOUNT VERNON COUNTRY CLUB IS A GROUP OF PEOPLE WHO HAVE CHOSEN TO ASSOCIATE WITH ONE ANOTHER BECAUSE OF THEIR INTEREST IN GOLF. IT EXISTS PRIMARILY TO PROVIDE A SETTING WITHIN WHICH THOSE INTERESTS CAN BE PURSUED, AND SECONDARILY, TO PROVIDE PROGRAMS OF SOCIAL ACTIVITY FOR MEMBERS, THEIR FAMILIES AND GUESTS. 0 0 THE CLUB PROVIDES FACILITIES SUCH AS GOLF COURSE, SWIMMING POOL AND DINING ROOMS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 35 0 1 188 1 1 1 0 0 0 1 1 1208784 186590 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 1 1 0 X X FANY AGUILARCONTROLLER 7037803590 5111 OLD MILL ROAD ALEXANDRIA VA 22309 MIKE JOHNSON DIRECTOR 1.00 X 0 0 0 GARRETT FORD DIRECTOR 1.00 X 0 0 0 ANN BARLETTA DIRECTOR 1.00 X 0 0 0 DANIEL EUBANKS DIRECTOR 1.00 X 0 0 0 BRIAN MCCULLOUGH DIRECTOR 1.00 X 0 0 0 KEN WHITE PRESIDENT 2.00 X 0 0 0 PATTI DAVIDSON VICE PRESIDENT 2.00 X 0 0 0 KIM SULLIVAN SECRETARY 2.00 X 0 0 0 THOMAS J CHMELIK TREASURER 2.00 X 0 0 0 DANIEL MOSCAR GENERAL MANAGER 55.00 X 246242 0 21235 FANY AGUILAR CONTROLLER 55.00 X 121155 0 6543 BRYAN ARMSTRONG GOLF PRO 55.00 X 162824 0 27636 CHRIS SANDELS SUPERINTENDANT 55.00 X 190276 0 9313 BRYAN LAFORGE EXECUTIVE CHEF 55.00 X 167936 0 19588 STACIE OBERLY CLUBHOUSE MANAGER 55.00 X 109411 0 6622 997844 0 90937 6 0 1 0 0 MEMBERSHIP DUES 713910 4599395 4599395 GOLF REVENUE 713910 1492544 1416811 75733 INITIATION FEES 713910 1208784 1208784 CAPITAL ASSESSMENTS 713910 1124794 1124794 OTHER INCOME 713910 69525 69525 63350 63350 8558392 21631 21631 137192 0 137192 137192 137192 2359653 1138926 1220727 1164755 55972 GAIN FROM INSURANCE PROCEEDS 713910 11318 11318 11318 9949260 9795924 153336 0 X 246241 3806720 386598 321339 10793 512372 37888 152466 1161261 123496 REPAIRS & MAINTENANCE 371620 GREENS - OTHER EXPENSE 337829 TAXES & LICENSES 278201 SUPPLIES 262828 1034746 9044398 2490562 1617589 744490 816706 607886 597859 182278 219097 149443 156041 23433096 11157514 12025627 12275582 1041194 8151 6862 16208437 16730930 432644 511039 495394 515138 4490299 4021158 60110 59643 5478447 5106978 X 10729990 11623952 10729990 11623952 16208437 16730930 X 904862 -10900 X 0 1 X 1 0 642774 642774 11184822 5083152 6101670 2365096 1411321 953775 9240404 4663041 4577363 12275582 MEMBER DEPOSITS 54123 REFUNDABLE ASSESSMENTS 5520 59643 X 11088186 1138926 1138926 9949260 0 9949260 10184217 1139819 1139819 9044398 0 9044398 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBER TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NON-PROFIT PURPOSE UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE CLUB IS LIABLE FOR FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME ONLY. UNRELATED BUSINESS INCOME REPRESENTS INVESTMENT REVENUE AND CERTAIN OTHER REVENUE DERIVED FROM NON-MEMBER EVENTS AND FUNCTIONS. THE FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A 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 THEY WERE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,138,926. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,138,926. BAD DEBT EXPENSE 900. ROUNDING -7. X 0 0 0 DANIEL MOSCAR GENERAL MANAGER 225698 0 20544 0 0 0 6771 0 14464 0 267477 0 0 0 CHRIS SANDELS SUPERINTENDANT 181730 0 8546 0 0 0 7800 0 1513 0 199589 0 0 0 BRYAN ARMSTRONG GOLF PRO 138352 0 6570 0 17902 0 26045 0 1591 0 190460 0 0 0 BRYAN LAFORGE EXECUTIVE CHEF 160486 0 7450 0 0 0 7222 0 12366 0 187524 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MOUNT VERNON COUNTRY CLUB, INC HAS MEMBERS WHO HAVE THE RIGHTS AND RESPONSIBILITIES AS RECORDED IN THE ORGANIZING DOCUMENTS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT MEMBERS OF THE BOARD FORM 990, PART VI, SECTION A, LINE 7B SPECIAL ASSESSMENTS ARE SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE TAX PREPARER, UTILIZING INFORMATION PROVIDED BY THE CLIENT AND TAKEN FROM THE AUDITED FINANCIAL STATEMENTS PREPARES THE FORM 990. THE FORM 990 IS THEN REVIEWED BY THE CONTROLLER. UPON COMPLETION OF THE CONTROLLER'S REVIEW, THE 990 IS REVIEWED BY A MEMBER OF THE BOARD OF DIRECTORS. AFTER THE FORM 990 IS APPROVED, ALL MEMBERS OF THE BOARD OF DIRECTORS GET AN ELECTRONIC COPY OF THE RETURN BEFORE IT IS FILED. THEN, THE FORM 990 IS COMPLETED AND FILED. THE FORM 990 IS ALSO PRESENTED TO THE BOARD OF DIRECTORS AT THE FIRST MONTHLY BOARD MEETING AFTER THE FORM 990 IS COMPLETED. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER AND OTHER CLUB MANAGERS ALL HAVE WRITTEN EMPLOYMENT CONTRACTS. THE GENERAL MANAGER'S CONTRACT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE GENERAL MANAGER'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THESE ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E CONSULTING 262,809. GOLF EXPENSE 159,897. LEASE PAYMENTS 128,102. UTILITIES 112,554. UNIFORMS & LINENS 105,949. MISCELLANEOUS EXPENSE 97,261. POOL EXPENSES 73,490. DUES & SUBSCRIPTIONS 58,460. CONTINUING EDUCATION 36,224. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -900. REDEMPTION/ISSURANCE OF COMMON STOCK -10,000.