2024-12-17T19:51:52-06:00 2024-02-29 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2023-03-01 950884320 JONATHAN CLUB JONA 2133125236 545 SOUTH FIGUEROA STREET LOS ANGELES CA 90071 KEVIN MCFARLANE PRESIDENT 2133125236 2024-12-16 1 1 GEORGETTE M GREEN P00449497 8186375000 2024-12-15 2023 2024-10-15 13:58:12Z KEVIN MCFARLANE 545 SOUTH FIGUEROA STREET LOS ANGELES CA 90071 61329585 0 X WWW.JC.ORG X 1895 CA THE MISSION OF THE JONATHAN CLUB IS TO ENRICH THE LIVES OF ITS MEMBERS. THE CLUB SERVES THE SOCIAL, DINING, ENTERTAINMENT, LEISURE, RECREATIONAL, PHYSICAL FITNESS, AND CULTURAL NEEDS OF THE MEMBERS AND THEIR FAMILIES. 12 12 572 0 -2237945 487482 0 0 36871538 40995288 467126 539630 -3919893 -5611283 33418771 35923635 0 0 0 0 11264888 12112723 0 0 0 21259086 22669611 32523974 34782334 894797 1141301 69987595 74206920 20573920 23176862 49413675 51030058 X SEE SCHEDULE O 0 0 THE CLUB'S PRIMARY OPERATIONS RELATE TO THAT OF A PRIVATE SOCIAL ORGANIZATION DEVOTED SOLELY TO THE ENHANCEMENT OF COLLEGIAL RELATIONSHIPS BETWEEN ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 62 0 1 572 1 1 1 0 0 0 0 6641456 7713248 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PER EGGERS 2133125231 545 SOUTH FIGUEROA STREET LOS ANGELES CA 90071 MARTA M FERNANDEZ PRESIDENT 4.00 X X 0 0 0 KEVIN D MCFARLANE 1ST. VICE PRES./ PRES. ELECT 4.00 X X 0 0 0 DAVID M CHERNEK VICE PRESIDENT 4.00 X X 0 0 0 DALE L HARBOUR-DAY SECRETARY 4.00 X X 0 0 0 GARY C PETROSINO TREASURER 5.00 X X 0 0 0 SUNG WON SOHN DIRECTOR 4.00 X 0 0 0 JOHN M IINO DIRECTOR 4.00 X 0 0 0 MARGUERITE RANGEL DIRECTOR 4.00 X 0 0 0 PETER C SCHOLZE DIRECTOR 4.00 X 0 0 0 MICHELE M GIL DIRECTOR 4.00 X 0 0 0 CHIP LIGHTFOOT DIRECTOR 4.00 X 0 0 0 STEVEN R PLATT DIRECTOR 4.00 X 0 0 0 MICHELE L HAVENS IMMEDIATE PAST PRESIDENT 4.00 X 0 0 0 MATTHEW ALLNATT COO GENERAL MANAGER 40.00 X 756419 0 67876 PLATO SKOURAS CFO 40.00 X 373300 0 41898 FRANCOIS GRAND CLUB MANAGER/DIR. OF OPERA 40.00 X 373874 0 54277 SHANE BUNDA DIRECTOR OF CATERING 40.00 X 221496 0 54740 ANDREAS ROLLER EXECUTIVE CHEF 40.00 X 376648 0 60952 CHARLES BOYER CHIEF TECHNOLOGY OFFICER 40.00 X 248677 0 32555 2350414 0 312298 18 0 1 0 ALLEN MATKINS LECK GAMBLE 515 S FIGUEROA ST LOS ANGELES CA 90071 LEGAL 423878 PARKER MILLIKEN CLARK O'HARA SAMUELI 555 S FLOWER ST 30TH FLOOR LOS ANGELES CA 90071 LEGAL 392939 LEO'S CONDITION 13182 SUTTON ST CERRITOS CA 90703 GAS & CARWASH OPERATOR 296277 3 MEMBERSHIP DUES 23572158 23572158 OTHER CLUB SERVICES 10684595 10684595 INITIATION FEES 6641456 6641456 INTEREST INCOME - MEMBER 97079 97079 40995288 665965 665965 340560 257842 82718 82718 82718 4721126 4500 4773329 78632 -52203 -74132 -126335 -52203 -74132 14602146 20296147 -5694001 -2759576 -2934425 35923635 38235712 -2237945 -74132 X 1667644 3773592 818606 4238805 1614076 924799 46761 114668 47631 255120 3393311 ADMINISTRATIVE 11380961 UTILITIES 2039574 SUPPLIES 1532974 REPAIR & MAINTENANCE 962102 1971710 34782334 778246 3382684 14914931 8142318 2753205 2992669 71429 35714 29651 26266 1638483 1688469 716138 1074238 75258400 33751260 33963114 41507140 7088427 7520800 -275561 -249312 8309532 8085934 69987595 74206920 6625002 5595813 3871001 7428465 10077917 10152584 20573920 23176862 X 49413675 51030058 49413675 51030058 69987595 74206920 1141301 475082 0 X 0 1 X 1 0 2822906 2263499 5086405 50205085 27101465 23103620 450616 202874 247742 188701 175592 13109 19327593 6271329 13056264 41507140 DEPOSIT 2074 RIGHT OF USE ASSETS 8083860 8085934 DEFERRED MEMBERSHIP DUES/FEES 2394025 OPERATING LEASE LIABILITY 7758559 10152584 X 57682742 475082 21310273 21785355 35897387 26248 26248 35923635 56066359 21310273 21310273 34756086 26248 26248 34782334 PART X, LINE 2: THE CLUB HAS BEEN GRANTED EXEMPTION FROM FEDERAL AND CALIFORNIA TAXES ON INCOME AS A NONPROFIT CORPORATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(7) AND SECTION 23701G OF THE CALIFORNIA REVENUE AND TAXATION CODE. HOWEVER, THE TAX REFORM ACT OF 1969 PROVIDES FOR THE ASSESSMENT OF TAXES ON WHAT IS TERMED UNRELATED BUSINESS INCOME. THIS IS GENERALLY DEFINED TO REPRESENT SUCH FORMS OF UNRELATED INCOME AS INVESTMENT INCOME AND RENTAL INCOME. AS A 501(C)(7) ORGANIZATION THE CLUB IS LIMITED IN THE AMOUNT OF REVENUE THAT CAN BE GENERATED FROM NONMEMBER SOURCES. FOR THE YEARS ENDED FEBRUARY 29, 2024 AND FEBRUARY 28, 2023, THE CONSOLIDATED FINANCIAL STATEMENTS REFLECT A PROVISION FOR INCOME TAXES, FROM INVESTMENT INCOME, OF APPROXIMATELY $91,000 AND $11,000, RESPECTIVELY. FOR THE YEAR ENDED FEBRUARY 29, 2024, BELLEVUE GENERATED NET OPERATING INCOME OF APPROXIMATELY $26,000 AND FOR THE YEAR ENDED FEBRUARY 28, 2023 NET OPERATING INCOME OF APPROXIMATELY $15,000. AS OF FEBRUARY 29, 2024 AND FEBRUARY 28, 2023, BELLEVUE HAS NET OPERATING LOSS CARRYFORWARDS OF APPROXIMATELY $279,000 AND $310,000, WHICH ARE AVAILABLE TO OFFSET FEDERAL INCOME TAX THROUGH 2042. AS OF FEBRUARY 29, 2024 AND FEBRUARY 28, 2023, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF FEBRUARY 29, 2024 AND FEBRUARY 28, 2023, THE CLUB'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD, GENERALLY FOR THREE (3) AND FOUR (4) YEARS, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 20,296,147. RENT EXPENSE 257,843. LOSS ON DISPOSAL 74,132. INCOME/EXPENSE - NET 682,151. PART XI, LINE 4B - OTHER ADJUSTMENTS: SUBSIDIARY INC/LOSS - CONSOLIDATED F/S 26,248. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 20,296,147. RENT EXPENSE 257,843. LOSS ON DISPOSAL 74,132. INCOME/EXPENSE - NET 682,151. PART XII, LINE 4B - OTHER ADJUSTMENTS: SUBSIDIARY INC/LOSS - CONSOLIDATED F/S 26,248. X X X X X 0 0 0 MATTHEW ALLNATT COO GENERAL MANAGER 538996 0 210000 0 7423 0 42300 0 25576 0 824295 0 0 0 ANDREAS ROLLER EXECUTIVE CHEF 305014 0 70000 0 1634 0 19800 0 41152 0 437600 0 0 0 FRANCOIS GRAND CLUB MANAGER/DIR. OF OPERA 304220 0 60208 0 9446 0 13125 0 41152 0 428151 0 0 0 PLATO SKOURAS CFO 314281 0 55000 0 4019 0 19800 0 22098 0 415198 0 0 0 CHARLES BOYER CHIEF TECHNOLOGY OFFICER 206711 0 40000 0 1966 0 15000 0 17555 0 281232 0 0 0 SHANE BUNDA DIRECTOR OF CATERING 125228 0 94854 0 1414 0 13588 0 41152 0 276236 0 0 0 FRANCOIS GRAND EMPLOYEE EMPLOYMENT X 250000 35714 0 1 1 35714 FORM 990, PART III, LINE 1 - STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS THE MISSION OF THE JONATHAN CLUB IS TO ENRICH THE LIVES OF ITS MEMBERS. THE CLUB SERVES THE SOCIAL, DINING, ENTERTAINMENT, LEISURE, RECREATIONAL, PHYSICAL FITNESS, AND CULTURAL NEEDS OF THE MEMBERS AND THEIR FAMILIES BY (I) MAINTAINING THE HIGHEST STANDARDS OF EXCELLENCE BY A PRIVATE CLUB IN ALL PLANS, POLICIES AND ENDEAVORS; (II) PROVIDING SUPERB FACILITIES, PROGRAMS AND SERVICES; (III) PRESERVING AND ENHANCING THE TRADITIONS AND CULTURE OF THE CLUB; (IV) ENCOURAGING A SENSE OF COMMUNITY AND CAMARADERIE AMONG THE MEMBERS; AND (V) PROTECTING THE STATURE OF THE CLUB AS ONE OF THE FINEST PRIVATE CLUBS IN AMERICA. FORM 990, PART VI, SECTION A, LINE 6 JONATHAN CLUB IS AN ORGANIZATION CONSISTING OF SEVERAL CATEGORIES OF MEMBERS, VOTING AND NON-VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING CATEGORIES OF MEMBERS SELECT, THROUGH AN ANNUAL ELECTION PROCESS 3 OR 4 DIRECTORS FROM AMONG THE MEMBERS, TO SERVE ON JONATHAN CLUB'S BOARD FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS - THE FIRST DRAFT OF FORM 990 IS REVIEWED BY THE CONTROLLER AND CFO TO ENSURE ACCURACY OF ALL INPUTS OF INFORMATION AND AMOUNTS. THE TAX PREPARER (HUTCHINSON AND BLOODGOOD LLP) PREPARES A 2ND DRAFT INCORPORATING CORRECTIONS IDENTIFIED IN THE 1ST DRAFT REVIEW PROCESS. THE SECOND DRAFT IS REVIEWED BY THE CFO TO ENSURE ALL CORRECTIONS WERE PROPERLY ADDRESSED. THE SECOND DRAFT IS REVIEWED BY THE CLUB'S COUNSEL, TREASURER, AND AUDIT COMMITTEE. ANY ADDITIONAL CHANGES/CORRECTIONS ARE INCORPORATED INTO A 3RD DRAFT IF NECESSARY. ONCE ALL CORRECTIONS ARE COMPLETED, THE RETURN IS SUBMITTED TO THE BOARD FOR REVIEW AND THE FINAL VERSION OF THE RETURN IS SIGNED BY AN OFFICER. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBER INTERESTS WHICH COULD GIVE RISE TO CONFLICTS ARE DISCLOSED TO THE BOARD AND MANAGEMENT. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED. EACH YEAR'S BOARD SIGNS AFFIRMING THAT THEY HAVE RECEIVED, READ, UNDERSTAND AND COMPLY WITH THE POLICY. IN GENERAL THE CLUB'S POLICY CONSIDERS MEMBER VENDOR RELATIONSHIPS TO BE POTENTIAL CONFLICTS. SUCH RELATIONSHIPS ARE PROHIBITED, EXCEPT BY BOARD APPROVAL. THE MEMBER VENDOR LIST IS UPDATED PERIODICALLY AND REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMPARABLES ARE OBTAINED FROM THE MARKETPLACE AND ARE REVIEWED AS A PART OF THE KEY EMPLOYEE HIRING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO ITS MEMBERS ON ITS WEBSITE. FORM 990, PART IX, LINE 24E TAX, LICENSES & PERMITS 714,092. ENTERTAINMENT 546,273. GARAGE EXPENSE 435,325. TELEPHONE 104,001. INCOME TAXES 78,495. POSTAGE AND SHIPPING 51,605. PRINTING AND PUBLICATIONS 41,919. JONATHAN CLUB CHARITABLE FUND 545 SOUTH FIGUEROA STREET LOS ANGELES CA 90071 200263215 COMM. CHARITY CA 501(C)(3) LINE_7_ORGANIZATION_ N/A 1 JONATHAN ART FOUNDATION 545 SOUTH FIGUEROA STREET LOS ANGELES CA 90071 954095291 HISTORICAL ART CA 501(C)(3) LINE_7_ORGANIZATION_ 0 JONATHAN HERITAGE FOUNDATION INC 545 FIGUEROA STREET LOS ANGELES CA 90071 208441264 HISTORICAL ART CA 501(C)(3) LINE_7_ORGANIZATION_ 0 BELLEVUE TERRACE SERVICES INC 545 FIGUEROA STREET LOS ANGELES CA 90071 954616793 RENTAL & RETAIL CA JONATHAN CLUB C 445419 401032 1.00000 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 BELLEVUE TERRACE SERVICES INC A 188434 FMV BELLEVUE TERRACE SERVICES INC M 10800 FMV