2024-02-20T10:20:09-06:00 2023-06-30 540737372 PBMARES LLP 558 SOUTH MAIN STREET HARRISONBURG VA 22801 990 2022-07-01 530052500 COSMOS CLUB COSM 2023877783 2121 MASSACHUSETTS AVENUE NW WASHINGTON DC 20008 MITCHELL PLATT GENERAL MANAGER 2023877783 2024-02-07 1 MITCHELL PLATT 999009999 0 EDWARD T YODER CPA P00239134 5404345975 2024-02-07 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MITCHELL PLATT 2121 MASSACHUSETTS AVENUE NW WASHINGTON DC 20008 20313313 0 X WWW.COSMOSCLUB.ORG X 1878 DC SOCIAL CLUB FOR MEMBERS 15 15 148 300 1229699 297547 1277817 536440 8351260 9332980 415978 191017 4118856 5362538 14163911 15422975 0 0 0 0 7317231 10270597 0 0 0 5813782 5466464 13131013 15737061 1032898 -314086 27155391 27163847 6220806 6070590 20934585 21093257 X THE ORGANIZATION'S MISSION IS TO ADVANCE AND ENHANCE THE INTERESTS AND PUBLIC EXPRESSION OF ITS MEMBERS IN SCIENCE, LITERATURE, AND ART; THEIR MUTUAL IMPROVEMENT BY SOCIAL INTERACTION; AND THE MAINTENANCE OF A LIBRARY AND OTHER PERMANENT COLLECTIONS. A COMMON THEME AMONG THE MEMBERS OF THE COSMOS CLUB IS THEIR RELATION WITH SCHOLARSHIP, CREATIVE GENIUS, OR INTELLECTUAL DISTINCTION. 0 0 THE CLUB PROVIDES DINING, HOSPITALITY SERVICES, AND OVERNIGHT LODGING FOR ITS MEMBERS AND THEIR GUESTS AS WELL AS FOR MEMBERS IN GOOD STANDING OF CERTAIN CLUBS IN OTHER GEOGRAPHIC LOCATIONS, WHERE RECIPROCAL CONTRACTUAL ARRANGEMENTS HAVE BEEN MADE. THE CLUB PRODUCES A ROBUST CATALOG OF EDUCATIONAL, SCIENTIFIC, CULTURAL, ARTISTIC, MUSICAL, LITERARY AND OTHER PROGRAMS FOR ITS MEMBERS AND THEIR GUESTS. THE CLUB OWNS AND MAINTAINS THE HISTORIC TOWNSEND MANSION IN WASHINGTON DC'S DUPONT CIRCLE NEIGHBORHOOD, WITH ITS SURROUNDING GARDENS. AT CERTAIN PRE-ARRANGED TIMES TOURS OF THE PUBLIC AREAS OF THE CLUB ARE GIVEN BY VOLUNTEER DOCENTS WHO ARE MEMBERS OF THE CLUB. THE CLUB MAINTAINS A SIZABLE LIBRARY AND DISPLAYS WORKS OF ART FROM ITS PERMANENT COLLECTION AND IN TEMPORARY EXHIBITS ON A ROTATING BASIS. 0 1 0 0 0 0 1 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 0 0 0 0 0 0 0 0 1 0 0 1 51 0 1 148 1 1 1 0 0 0 1 1 443925 2193224 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X CHRISTOPHER BUYNAK 2023877783 2121 MASSACHUSETTS AVENUE NW WASHINGTON DC 20008 X MICHAEL N POCALYKO PRESIDENT 2023, VICE PRESIDENT 2022 7.00 X X 0 0 0 ARTHUR E WISE VICE PRESIDENT 2023 7.00 X X 0 0 0 ZOE CB SHARP TREASURER 2022 -2023 7.00 X X 0 0 0 MIRIAM MCINTIRE NISBET SECRETARY 2023, BOARD MEMBER 2022 7.00 X X 0 0 0 JANICE KOCH SECRETARY 2022 7.00 X X 0 0 0 ELIZABETH L C BECK PAST PRESIDENT 2023, PRESIDENT 2022 4.00 X X 0 0 0 KEVIN P SHEEHAN ASST. TREASURER 2022 - 2023 4.00 X X 0 0 0 PHILIP J MARION BOARD MEMBER 2022 - 2023 4.00 X 0 0 0 SHERMAN E KATZ BOARD MEMBER 2022 - 2023 4.00 X 0 0 0 D ELIZABETH CROMPTON BOARD MEMBER 2022 - 2023 4.00 X 0 0 0 ABIGAIL RIAN EVANS BOARD MEMBER 2022 - 2023 4.00 X 0 0 0 CLARION E JOHNSON BOARD MEMBER 2022 - 2023 4.00 X 0 0 0 THOMAS B COCHRAN BOARD MEMBER 2023 4.00 X 0 0 0 E WILLIAM COLGLAZIER BOARD MEMBER 2023 4.00 X 0 0 0 PAUL A ECKERT BOARD MEMBER 2023 4.00 X 0 0 0 MARK E GREENWOLD BOARD MEMBER 2023 4.00 X 0 0 0 RICHARD B HERZOG BOARD MEMBER 2022 4.00 X 0 0 0 SUSAN J KOCH BOARD MEMBER 2022 4.00 X 0 0 0 MITCHELL PLATT GENERAL MANAGER 40.00 X 440000 0 54980 CHRISTOPHER LINE BUILDING ENGINEER 40.00 X 143317 0 37680 SANDRA MCDOWELL ASSISTANT GENERAL MANAGER 40.00 X 169250 0 33427 CHRISTOPHER BUYNAK CONTROLLER 40.00 X 187500 0 41251 WILLIAM ROGERS EXECUTIVE CHEF 40.00 X 187801 0 39589 EUN YIM DIRECTOR OF FOOD AND BEVERAGE 40.00 X 127300 0 26812 CAROLYN RUFFNER DIRECTOR OF HUMAN RESOURCES 40.00 X 123100 0 33728 MARK LINQUIST EXECUTIVE SOUS CHEF 40.00 X 111158 0 28868 JAMES LOWDER DIRECTOR OF HOUSEKEEPING 40.00 X 102250 0 9855 1591676 0 306190 9 0 1 0 0 536440 536440 MEMBER DUES AND ASSESSMENTS 900099 7597740 7597740 LODGING INCOME 721110 1614735 551715 1063020 PARKING INCOME 812930 99538 99538 OTHER INCOME 900099 20967 20967 9332980 129296 129296 14520 54249 -39729 -39729 -39729 2834253 2757141 15391 77112 -15391 61721 -15391 77112 7362452 2063557 5298895 5298895 MISCELLANEOUS 900099 103372 103372 103372 15422975 13656836 1229699 0 554075 7444851 449814 1228131 593726 4045 47800 45671 225604 425174 316935 902424 110746 547 865204 283223 UBIT 154506 REPAIRS AND MAINTENANCE 1018627 OTHER FOOD AND BEVERAGE 404577 ADMINISTRATIVE EXPENSE 267614 393767 15737061 3622164 2496169 5299022 5726462 410436 425153 14692 127817 35356658 23451465 12461572 11905193 5347505 6483053 27155391 27163847 1484096 1000051 4388694 4615415 348016 455124 6220806 6070590 X 20812872 20982158 121713 111099 20934585 21093257 27155391 27163847 -314086 472758 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X MEMBER APPRECIATION 0 6000877 1124929 455850 310085 7271571 7438704 1912913 -566516 2784222 6000877 6324706 578343 1037762 506178 -4071 7438704 6371419 689504 -212609 524608 -1000 6324706 6097259 565131 322471 530516 82926 6371419 0.98590 0.01410 0.00000 0 0 1084629 1084629 31512725 21434895 10077830 2759304 2016570 742734 11905193 DEFERRED TAX LIABILITY 455124 455124 X 17966822 472764 2117806 2590570 15376252 46723 46723 15422975 17647112 2063557 2063557 15583555 153506 153506 15737061 PART III, LINE 4: THE COSMOS CLUB'S ARCHIVAL AND MUSEUM COLLECTIONS INCLUDE PAINTINGS, SCULPTURES, AND HISTORICAL ARTIFACTS. THESE COLLECTIONS SIGNIFICANTLY ADVANCE THE INSTITUTION'S MISSION AS IT RELATES TO THE EDUCATION AND EDIFICATION OF CLUB MEMBERS IN THE ARTS AND SCIENCES; THE INTELLECTUAL, ACADEMIC, AND SCHOLARLY INTERESTS OF ITS MEMBERS; AND THE EXPRESSION OF ART THROUGH DISPLAY, EXPOSITION, INTERPRETATION, AND SOCIAL INTERACTION. PART V, LINE 4: ASSETS ARE DESIGNATED FOR ENDOWMENT FUND AND RESERVE FUND PURPOSES AS APPROVED BY THE BOARD. THESE FUNDS ARE PRIMARILY DESIGNATED AS FUNDS FOR USE AS A LAST RESORT TO MAINTAIN THE PROGRAMS AND ASSETS OF THE CLUB. THE TEMPORARILY RESTRICTED FUNDS ARE TO BE USED FOR EMPLOYEE HOLIDAY BONUSES AND MAINTENANCE OF THE GARDEN AS RESTRICTED BY DONORS. PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBER TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSES UNDER INTERNAL REVENUE CODE (IRC)SECTION 501(C)(7). THE CLUB IS LIABLE FOR FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME ONLY. UNRELATED BUSINESS INCOME REPRESENTS INVESTMENT REVENUES AND CERTAIN OTHER REVENUES DERIVED FROM NONMEMBER EVENTS AND FUNCTIONS. 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 2,063,557. RENTAL EXPENSES 54,249. PART XI, LINE 4B - OTHER ADJUSTMENTS: MUSIC COMMITTEE INCOME 42,420. 457 PLAN REVENUE 4,303. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,063,557. PART XII, LINE 4B - OTHER ADJUSTMENTS: UBIT 153,506. X X X X 0 0 0 MITCHELL PLATT GENERAL MANAGER 345000 0 83000 0 12000 0 26680 0 28300 0 494980 0 0 0 CHRISTOPHER BUYNAK CONTROLLER 148750 0 38750 0 0 0 15300 0 25951 0 228751 0 0 0 WILLIAM ROGERS EXECUTIVE CHEF 153701 0 34100 0 0 0 12268 0 27321 0 227390 0 0 0 SANDRA MCDOWELL ASSISTANT GENERAL MANAGER 157500 0 11750 0 0 0 13765 0 19662 0 202677 0 0 0 CHRISTOPHER LINE BUILDING ENGINEER 126567 0 16750 0 0 0 11850 0 25830 0 180997 0 0 0 CAROLYN RUFFNER DIRECTOR OF HUMAN RESOURCES 105000 0 18100 0 0 0 8386 0 25342 0 156828 0 0 0 EUN YIM DIRECTOR OF FOOD AND BEVERAGE 120000 0 7300 0 0 0 3490 0 23322 0 154112 0 0 0 FORM 990 PART I LINE 6 THE ESTIMATED TOTAL NUMBER OF VOLUNTEERS INCLUDES THOSE CLUB MEMBERS SERVING AS MEMBERS OF THE BOARD OF MANAGEMENT, AS CLUB OFFICERS, AND AS MEMBERS OF GOVERNING AND PROGRAM-RELATED COMMITTEES. MEMBERS OF THE BOARD OF MANAGEMENT AND CLUB OFFICERS ARE FIDUCIARIES OF THE ORGANIZATION. MEMBERS OF COMMITTEES ARE APPOINTED BY THE BOARD OF MANAGEMENT ON AN ANNUAL BASIS AND ARE RESPONSIBLE TO THE GOVERNING BOARD. ALL OFFICERS, MEMBERS OF THE BOARD, AND CLUB MEMBERS SERVING ON THE COMMITTEES ARE VOLUNTEERS WHO MUST BE MEMBERS OF THE CLUB, AND THEY RECEIVE NO COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE COSMOS CLUB IS A MEMBERSHIP CLUB, A PRIVATE SOCIAL CLUB COMPRISED OF INDIVIDUALS OF DISTINCTION, CHARACTER AND SOCIABILITY WHO ARE RECOGNIZED AS DISTINGUISHED IN SCIENCE, LITERATURE, THE ARTS, A LEARNED PROFESSION OR PUBLIC SERVICE; HAVE DONE MERITORIOUS ORIGINAL WORK IN SCIENCE, LITERATURE OR THE ARTS; OR WHO ARE WELL KNOWN TO BE CULTIVATED IN A LEARNED PROFESSION OR IN PUBLIC SERVICE. AN INDIVIDUAL WHO MEETS THESE REQUIREMENTS MAY BE ELIGIBLE FOR CONSIDERATION FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A OFFICERS ARE ELECTED BY THE MEMBERSHIP ANNUALLY TO SERVE ONE-YEAR TERMS. MEMBERS OF THE BOARD OF MANAGEMENT ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING FOR STAGGERED OR CLASSIFIED THREE-YEAR TERMS, WHERE ONE THIRD OF THE BOARD IS ELECTED EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B UNDER THE BYLAWS OF THE CLUB, ANY CHANGE IN THE BYLAWS, ANY PROPOSED DUES INCREASE GREATER THAN FIVE PERCENT, AN ASSESSMENT, OR THE SALE OR MORTGAGE OF ANY REAL PROPERTY OF THE CLUB MUST BE APPROVED BY A TWO-THIRDS VOTE OF THE MEMBERSHIP AT AN ANNUAL OR SPECIAL MEETING. ALSO ANY PROPOSED DUES INCREASE THAT DOES NOT EXCEED FIVE PERCENT MAY BE DISAPPROVED BY A VOTE OF SIXTY PERCENT OF THOSE MEMBERS VOTING AT THE ANNUAL MEETING FOLLOWING THE ANNOUNCEMENT OF SUCH AN INCREASE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 FOR THE CURRENT FISCAL YEAR WAS DRAFTED AND INITIALLY PREPARED BY THE CLUB'S INDEPENDENT EXTERNAL TAX PREPARATION FIRM ON THE BASIS OF FINANCIAL INFORMATION FROM THE AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION PROVIDED BY THE GENERAL MANAGER, THE CONTROLLER, AND THE CLUB'S FINANCIAL STAFF. THE COMPLETED DRAFT FORM 990 WAS REVIEWED BY THE GENERAL MANAGER, CONTROLLER, TREASURER, AND A COMMITTEE OF THREE MEMBERS OF THE BOARD OF MANAGEMENT APPOINTED BY THE BOARD OF MANAGEMENT. ISSUES REQUIRING FURTHER REVIEW OR REVISION WERE IDENTIFIED AND TRANSMITTED TO THE CLUB'S EXTERNAL TAX PREPARATION FIRM. THE FINAL VERSION OF THE FORM 990 WAS THEN COMPLETED BY THE CLUB'S EXTERNAL TAX PREPARATION FIRM AND PROVIDED TO THE BOARD OF MANAGEMENT PRIOR TO FILING. THE GENERAL MANAGER, THE CONTROLLER, AND THE FINANCIAL STAFF ARE RESPONSIBLE FOR ENSURING THAT, TO THE BEST OF THEIR KNOWLEDGE AND ABILITIES, ALL INFORMATION IN THE FORM 990 IS COMPLETE AND ACCURATE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE OFFICERS, MEMBERS OF THE BOARD OF MANAGEMENT, CHAIRS AND MEMBERS OF ALL FINANCIALLY-RELATED COMMITTEES REPORTING TO THE BOARD, THE GENERAL MANAGER, CONTROLLER, AND MANAGERIAL STAFF ARE EACH IN THEIR INDIVIDUAL CAPACITIES REQUIRED TO ATTEST IN WRITING THAT THEY WILL ABIDE BY THE CLUB'S CONFLICT OF INTEREST POLICY. IN ADDITION, ALL EMPLOYEES RECEIVE AND ARE REQUIRED TO READ AND ACKNOWLEDGE IN WRITING THAT THEY HAVE RECEIVED AND READ THE CLUB'S EMPLOYEE HANDBOOK THAT CONTAINS THE CLUB'S CONFLICT OF INTEREST POLICY. THE GENERAL MANAGER DISCUSSES WITH CLUB MANAGERS AND EMPLOYEES THE CLUB'S CONFLICT OF INTEREST POLICY QUARTERLY AT STAFF MEETINGS. SHOULD A POTENTIAL CONFLICT ARISE, EVERY INVOLVED OR AFFECTED OFFICER, MEMBER OF THE BOARD, CHAIR OR MEMBER OF A COMMITTEE, MANAGER, OR EMPLOYEE IS EXPECTED TO RECUSE HIMSELF OR HERSELF WITH RESPECT TO THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE APPOINTED BY THE BOARD, AND CHAIRED BY THE VICE PRESIDENT REVIEWS AND RECOMMENDS APPROVAL BY THE BOARD OF MANAGEMENT OF THE COMPENSATION ARRANGEMENTS FOR THE CLUB'S GENERAL MANAGER. THE COMPENSATION COMMITTEE INCLUDES THREE OF THE CLUB'S FOUR OFFICERS (PRESIDENT, VICE PRESIDENT, AND TREASURER) AND THE CHAIR OF THE CLUB'S HOUSE COMMITTEE, ADVISED AS REQUIRED BY THE LEGAL ADVISOR. THE COMPENSATION COMMITTEE MAINTAINS CONFIDENTIAL CONTEMPORANEOUS RECORDS OF ITS DELIBERATION AND DECISIONS AND USES KEY PERFORMANCE INDICATORS, COMPARABILITY DATA, OBJECTIVE MEASURES PERFORMANCE EVALUATION, AND EXTERNAL ADVISORY OPINIONS WHEN SETTING THE SALARY FOR THE GENERAL MANAGER. THE SALARY AND BENEFITS OF THE GENERAL MANAGER ARE A MATTER OF RECORD, WHILE THE EVALUATIONS OF THE GENERAL MANAGER ARE CONFIDENTIAL ONLY TO THE EXTENT REQUIRED BY LAW AND BEST PRACTICES IN CORPORATE GOVERNANCE AND HUMAN RESOURCES POLICY, REPORTED TO AND OVERSEEN BY THE BOARD OF MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART VII THE CLUB'S GENERAL MANAGER IS NOT AN OFFICER OF THE CLUB UNDER ITS BYLAWS OR UNDER APPLICABLE GOVERNING LAW. HOWEVER, IN LIGHT OF THE INSTRUCTIONS, HE IS SO LISTED ON FORM 990 BECAUSE OF HIS BROAD DELEGATED AUTHORITY TO MANAGE THE BUSINESS ASPECTS OF THE CLUB UNDER THE GUIDANCE OF THE PRESIDENT AND THE BOARD OF MANAGEMENT. FORM 990 PART VI LINE 11B THE CLUB HAS AN ESTABLISHED AUDIT COMMITTEE COMPRISED OF MEMBERS APPOINTED BY THE BOARD OF MANAGEMENT BUT WHO ARE NOT THEMSELVES MEMBERS OF THE BOARD. THE TREASURER, WHO IS A FIDUCIARY OFFICER OF THE CLUB AND A MEMBER OF THE BOARD, SERVES EX-OFFICIO AS A NON-VOTING MEMBER OF THE AUDIT COMMITTEE. THE BOARD OF MANAGEMENT REQUIRES ALL MEMBERS OF THE AUDIT COMMITTEE TO BE CURRENTLY PROFESSIONALLY QUALIFIED TO REVIEW AND JUDGE THE WORK AND PERFORMANCE OF THE INDEPENDENT EXTERNAL AUDITORS. THE AUDIT COMMITTEE REVIEWS CANDIDATES AND RECOMMENDS THE SELECTION OF THE EXTERNAL AUDITORS TO THE BOARD OF MANAGEMENT, OVERSEES THE AUDIT PROCESS, AND RECOMMENDS ACCEPTANCE OF THE EXTERNAL AUDITOR'S REPORT TO THE BOARD OF MANAGEMENT. COSMOS CLUB FOUNDATION 2121 MASSACHUSETTS AVE NW WASHINGTON DC 20008 526071375 AWARDS, RESEARCH GRANTS DC 501(C)(3) COSMOS CLUB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0