2024-07-01T12:25:39-05:00 2023-10-31 351178661 BLUE & CO LLC 2650 EASTPOINT PKWY SUITE 300 LOUISVILLE KY 40223 990 2022-11-01 610304950 PENDENNIS CLUB INCORPORATED PEND 5025844311 218 W MUHAMMAD ALI BLVD LOUISVILLE KY 40204 WILLIAM R WOBBE JR TREASURER 5025844311 2024-06-24 1 WILLIAM WOBBE JR 999009999 0 EMILIE M KNIERIEM CPA P01330194 5029923500 2024-06-24 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X OZAIR M SHARIFF 218 W MUHAMMAD ALI BLVD LOUISVILLE KY 40204 2488056 0 X PENDENNISCLUB.ORG X 1881 KY BUSINESS PERSON ATHLETIC/SOCIAL CLUB 15 15 67 14 189038 0 5000 291609 1185045 1208977 60 340 710998 725186 1901103 2226112 0 0 0 0 1144228 1198728 0 0 0 960332 746219 2104560 1944947 -203457 281165 1319389 1429653 658503 487602 660886 942051 TO PROVIDE BUSINESS, ATHLETIC AND SOCIAL INTERACTION TO THE CLUB'S MEMBERS 0 0 TO PROVIDE BUSINESS, ATHLETIC AND SOCIAL INTERACTION TO THE CLUB'S MEMBERS 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 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 6 0 1 67 1 0 0 0 0 0 181227 0 0 0 0 X 15 15 1 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 KY X THE ORGANIZATION 5025844311 218 W MUHAMMAD ALI BLVD LOUISVILLE KY 40202 JAMES GERHARDT GENERAL MANAGER/HEAD CHEF 40.00 X 141395 0 12789 OZAIR M SHARIFF PRESIDENT 0.50 X X 0 0 0 THOMAS S WOBBE VICE PRESIDENT 0.50 X X 0 0 0 WILLIAM R WOBBE JR TREASURER 0.50 X X 0 0 0 G KENNETH KAPP TREASURER (END 11/22) 0.50 X X 0 0 0 RICHARD S CLEARY SECRETARY 0.50 X X 0 0 0 RUSSELL B SCOTT DIRECTOR 0.50 X 0 0 0 JEFFREY L WATTS-ROY DIRECTOR 0.50 X 0 0 0 DARON M VANVACTOR DIRECTOR 0.50 X 0 0 0 PETER ASHBY HOWARD DIRECTOR 0.50 X 0 0 0 JOHN A MASCARICH DIRECTOR 0.50 X 0 0 0 J DANIEL RIVERS JR DIRECTOR 0.50 X 0 0 0 NICHOLAS C PHELPS DIRECTOR 0.50 X 0 0 0 HARRY L SEEGER DIRECTOR 0.50 X 0 0 0 ANTHONY W DIEBOLD DIRECTOR 0.50 X 0 0 0 LAURA L WELLS DIRECTOR 0.50 X 0 0 0 LEE W ROBINSON DIRECTOR 0.50 X 0 0 0 141395 0 12789 1 0 1 0 0 291609 291609 MEMBERSHIP AND INITIAT 813410 914191 742297 171894 OTHER FEES AND CHARGES 813410 200020 200020 PROGRAM RENTAL REVENUE 531120 70689 70689 OTHER PROGRAM REVENUE 900099 24077 24077 1208977 340 340 16804 0 16804 16804 16804 791497 261944 529553 529553 CAPITAL FUND FEE 900099 162346 162346 MISCELLANEOUS 900099 16483 16483 178829 2226112 1583119 189038 162346 1028557 14860 76945 78366 13960 42001 6460 63398 29619 155566 900 17206 78154 65083 REPAIRS AND MAINTENANCE 82716 SUPPLIES 80624 TAXES AND LICENSES 52882 ENTERTAINMENT EXPENSE 30794 26856 1944947 300 600 36975 77645 111976 156310 68450 72862 38022 39430 4832797 3767584 1025702 1065213 37964 17593 1319389 1429653 177605 133864 480898 353738 658503 487602 X 660886 942051 660886 942051 1319389 1429653 281165 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 404913 404913 2292359 1853184 439175 448368 420400 27968 1687157 1494000 193157 1065213 X PART X, LINE 2: PENDENNIS CLUB, INCORPORATED IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME AS NOTED UNDER SECTION 511 OF THE INTERNAL REVENUE CODE. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. PC PRODUCTS, LLC IS A C CORPORATION AND ANY DEFERRED INCOME TAXES WOULD ARISE FROM TEMPORARY DIFFERENCES BETWEEN THE TAX BASES OF ASSETS AND LIABILITIES AND THEIR REPORTED AMOUNTS IN THE CONSOLIDATED FINANCIAL STATEMENTS. AT OCTOBER 31, 2023 AND 2022, NO DEFERRED INCOME TAXES HAVE BEEN RECORDED AS ANY AMOUNT WOULD NOT BE MATERIAL TO THE FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CLUB AND RECOGNIZE A TAX LIABILITY IF THE CLUB HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CLUB, AND HAS CONCLUDED THAT AS OF OCTOBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CLUB HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH OCTOBER 31, 2022 AND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, AS OF THE DATE THE CONSOLIDATED FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, THERE WERE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). 0 0 0 JAMES GERHARDT GENERAL MANAGER/HEAD CHEF 128895 0 12500 0 0 0 3900 0 8889 0 154184 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM R. WOBBE, JR. AND THOMAS S WOBBE ARE BROTHERS BOTH SERVING ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS COMPOSED OF MEMBERS WHO MUST BE ELECTED TO THE MEMBERSHIP BY A RESIDENT MEMBER AND SECONDED BY TWO RESIDENT MEMBERS, ALL OF WHOM SHALL KNOW THE NOMINEE PERSONALLY, BUT NONE OF WHOM SHALL BE RELATED TO THE NOMINEE BY BLOOD OR MARRIAGE-BY BEING A SECOND COUSIN OR CLOSER. THE NOMINATION SHALL BE POSTED BY THE SECRETARY OF THE CLUB AND REMAIN THERE FOR TEN DAYS. DURING THAT TIME, MEMBERS MAY FURNISH THE BOARD AND MEMBERSHIP COMMITTEE WITH CONFIDENTIAL INFORMATION RELATING TO THE QUALIFICATION OF ANY NOMINEE FOR MEMBERSHIP. THE NOMINATION SHALL THEN BE TAKEN FROM THE BULLETIN BOARD BY THE SECRETARY AND DELIVERED TO THE MEMBERSHIP COMMITTEE FOR INVESTIGATION. THE RECOMMENDATION OF THE MEMBERSHIP COMMITTEE SHALL BE REPORTED BY IT TO THE PRESIDENT, BY WHOM IT SHALL BE REPORTED TO THE BOARD OF DIRECTORS AT THE NEXT MEETING OF THE BOARD. VOTING SHALL BE BY SECRET BALLOT. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY IS THE BOARD OF DIRECTORS AND THE BOARD IS ELECTED TO TWO YEAR TERMS BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS PRESENTED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. AMENDED FORM 990 EXPLANATION THE FYE 10/31/2023 990 FOR PENDENNIS CLUB IS BEING AMENDED DUE TO A SIGNIFICANT ADJUSTMENT MADE TO THE AUDITED FINANCIALS THAT IMPACTED THE TOTAL CONTRIBUTIONS REPORTED ON THE STATEMENT OF REVENUE, ACCOUNTS RECEIVABLE ON THE BALANCE SHEET, AS WELL AS TOTAL CONTRIBUTIONS REPORTED ON SCHEDULE B. PENDENNIS HISTORICAL FOUNDATION 218 W MUHAMMAD ALI BLVD LOUISVILLE KY 40202 200180924 TO RAISE FUNDS FOR THE PRESERVATION OF HISTORIC PROPERTY. KY 501(C)(3) 509(A)(2) 0 PC PRODUCTS LLC 455 S 4TH STREET SUITE 1157 LOUISVILLE KY 40202 208607791 FOOD PRODUCTION AND SALES KY C 2933 20526 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0