2024-11-15T09:43:10-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-01-01 041802730 THE SALEM COUNTRY CLUB INCORPORATED SALE 9785385400 133 FOREST STREET PEABODY MA 01960 KEVIN H MACINTYRE PRESIDENT 9785385400 2024-11-14 1 1 KERRI RAWCLIFFE P01398485 4016216200 2024-11-14 2023 2024-10-15 13:58:12Z KEVIN H MACINTYRE 133 FOREST STREET PEABODY MA 01960 11041076 0 X WWW.SALEMCOUNTRYCLUB.ORG X 1925 MA A PRIVATE, MEMBER-OWNED COUNTRY CLUB, FOCUSED ON ESTABLISHING A SOCIAL ENVIRONMENT TO ENCOURAGE PARTICIPATION IN AND ENJOYMENT OF VARIOUS PHYSICAL EXERCISES AND ATHLETIC ACTIVITIES THROUGH THE OFFERING OF 18-HOLE GOLF, FOOD AND BEVERAGE FACILITIES, A POOL AND TENNIS TO IT'S MEMBERS. 10 10 228 68 897147 497177 53304 58050 6477141 6969082 -84497 599984 -306713 -250829 6139235 7376287 0 17333 0 0 3355035 3555039 0 0 0 4317867 4481490 7672902 8053862 -1533667 -677575 19492471 18287185 5478332 4923039 14014139 13364146 X THE PURPOSES OF THE CLUB ARE THE ESTABLISHMENT AND MAINTENANCE OF SUITABLE GROUNDS FOR THE ENCOURAGEMENT OF ATHLETIC EXERCISES AND SPORTS, ESPECIALLY FOR THE PLAYING, ADVANCEMENT, AND CULTIVATION OF THE ROYAL AND ANCIENT GAME OF GOLF, AND FOR THE MAINTENANCE OF A CLUBHOUSE WITH SUITABLE APPOINTMENTS AND ACCESSORIES FOR THE USE OF CLUB MEMBERS AND THEIR GUESTS. 0 0 GOLF OPERATION - GOLF FACILITIES ARE AVAILABLE FOR USE BY GOLFING MEMBERS AND THEIR GUESTS WITHOUT RESTRICTION AND TO SOCIAL MEMBERS SUBJECT TO SOME RESTRICTIONS. GOLF TOURNAMENTS ARE SPECIAL TOURNAMENTS HELD BY PARTICIPANTS BASED ON THE TYPE OF TOURNAMENT. FOOD AND BEVERAGE OPERATION - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING. 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 18 0 1 228 1 1 1 0 0 0 1 1 393000 623502 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN BOULWARE CONTROLLER 9785385400 133 FOREST STREET PEABODY MA 01960 X CHARLES H MAHONEY PRESIDENT 3.00 X X 0 0 0 WAYNE GUYER VICE PRESIDENT 3.00 X X 0 0 0 GREG DEMAYO TREASURER 3.00 X X 0 0 0 ALEX TATUM SECRETARY 3.00 X X 0 0 0 DAVID DEBIASE GOVERNOR 3.00 X 0 0 0 STEVEN P ROY GOVERNOR 3.00 X 0 0 0 DAVID SACCO GOVERNOR 3.00 X 0 0 0 JOHN P NICKODEMUS GOVERNOR 3.00 X 0 0 0 DOMENIC J VENEZIANO GOVERNOR 3.00 X 0 0 0 JOHN WOLFRUM GOVERNOR 3.00 X 0 0 0 WILLIAM ROCCO GROUNDS SUPERINTENDENT 50.00 X 318701 0 16452 WILLIAM SHAW GENERAL MANAGER & COO 50.00 X 270192 0 14167 KEVIN WOOD PGA PROFESSIONAL 50.00 X 122541 0 10202 JOHN BOULWARE CONTROLLER 50.00 X 146942 0 8840 PATRICIA MAILLET CLUB MANAGER 50.00 X 118130 0 23051 976506 0 72712 5 1 1 0 KEVIN WOOD 10 SORELLE PLACE BURLINGTON MA 01803 PRO SHOP 267110 1 58050 58050 MEMBERSHIP DUES AND GOLF PRIVILEG 713910 5294096 5254181 39915 GOLF 713910 1261480 943555 317925 INITIATION FEES 713910 393000 393000 SWIM 713910 20506 19536 970 6969082 136684 116461 20223 551091 87791 463300 463300 463300 3312952 3576998 -264046 -222622 -41424 FINANCE CHARGES 713910 13217 13217 13217 7376287 6400867 897147 20223 17333 588893 2253143 215 459814 252974 4480 26600 70010 253543 90551 669117 15118 5679 54498 1359387 211432 GROUNDS 756121 TOURNAMENT EXPENSES 270612 FOOD & BEVERAGE OPERATI 197136 UBI TAXES 192140 305066 8053862 3541545 3850621 1078922 181897 94831 82103 167571 142447 29954490 16105656 14551808 13848834 57794 40033 141250 19492471 18287185 1077132 1249831 1292400 1331213 2606109 1849858 502691 492137 5478332 4923039 X 14014139 13364146 14014139 13364146 19492471 18287185 -677575 27582 0 X X 0 1 X 1 0 11539 11539 19580567 11752491 7828076 4899230 3391920 1507310 5463154 961245 4501909 13848834 DEFERRED TAX LIABILITIES 492137 492137 X 10980867 27582 3576998 3604580 7376287 0 7376287 11630860 3576998 3576998 8053862 0 8053862 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,576,998. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,576,998. X 1 0 X X X 0 0 0 WILLIAM ROCCO GROUNDS SUPERINTENDENT 234389 0 33075 0 51237 0 0 0 16452 0 335153 0 0 0 WILLIAM SHAW GENERAL MANAGER & COO 263115 0 0 0 7077 0 0 0 14167 0 284359 0 0 0 JOHN BOULWARE CONTROLLER 139788 0 5192 0 1962 0 0 0 8840 0 155782 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SALEM COUNTRY CLUB, INC, WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION FORM 990, PART VI, SECTION A, LINE 7A NOMINATIONS ARE SENT TO MEMBERS TO VOTE THROUGH ABSENTEE BALLOTING FORM 990, PART VI, SECTION A, LINE 7B ANY CAPITAL EXPENDITURES BETWEEN ONE HUNDRED THOUSAND ($100,000) AND TWO HUNDRED FORTY-NINE THOUSAND ($249,999) DOLLARS REQUIRE APPROVAL BY VOTE OF MAJORITY IN ATTENDANCE. CAPITAL EXPENDITURES OVER TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) AND SALE OR LEASE OF LAND REQUIRE APPROVAL BY A TWO-THIRDS (2/3) VOTE. ANY CHANGES IN THE ORGANIZATION'S BY-LAWS REQUIRE APPROVAL BY A TWO-THIRDS (2/3) VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED TO THE FINANCE COMMITTEE FOR REVIEW. THE TREASURER SIGNS UPON APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE IS MONITORED THROUGHOUT THE YEAR AT BOARD MEETINGS AND WHEN REVIEWING ANNUAL BUSINESS THAT MEMBERS CONDUCT WITH THE CLUB. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED THROUGH THE USE OF COMPENSATION SURVEYS OF COMPARABLE CLUBS. ONCE DETERMINED, COMPENSATION IS SUBJECT TO APPROVAL BY THE BOARD. WHEN ESTABLISHED, COMPENSATION IS DISCLOSED IN THE WRITTEN EMPLOYMENT CONTRACT. THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER AND/OR DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON WRITTEN REQUEST TO THE GENERAL MANAGER. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT COMMITTEE HAS DIRECT OVERSIGHT AND RESPONSIBILITY FOR THE SELECTION OF ITS OUTSIDE CPA, AS WELL AS ITS ANNUAL FINANCIAL STATEMENT AUDIT. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.