2024-07-08T12:44:43-05:00 2023-12-31 540737372 PBMARES LLP 12150 MONUMENT DRIVE SUITE 350 FAIRFAX VA 22033 990 2023-01-01 520535740 WOODMONT COUNTRY CLUB WOOD 3014247200 1201 ROCKVILLE PIKE ROCKVILLE MD 20852 MICHAEL SHEPPARD DIR. OF FINANCE 3014247200 2024-06-13 1 MICHAEL SHEPPARD 999009999 1 EDWARD T YODER CPA P00239134 7033858577 2024-06-13 X 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z SETH WERNICK 1201 ROCKVILLE PIKE ROCKVILLE MD 20852 28905659 0 X WOODMONTCC.COM X 1913 DC TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITES FOR OUR MEMBERS. 26 26 517 26 1364202 121100 0 0 20759566 22539831 -19180 14413 3275651 2836502 24016037 25390746 0 0 0 0 13719120 15496401 0 0 0 9332035 10474630 23051155 25971031 964882 -580285 58548505 64276369 28964618 35121909 29583887 29154460 TO CONTINUE TO PROVIDE QUALITY FACILITIES AND SERVICES WITH RESPONSIBLE FISCAL POLICIES THAT WILL MAKE WOODMONT COUNTRY CLUB THE PLACE OF CHOICE FOR RECREATION, DINING AND SOCIAL ACTIVITIES FOR ALL MEMBERS AND THEIR FAMILIES. 0 0 THE CLUB OPERATES AS A COUNTRY CLUB TO PROVIDE RECREATIONAL ACTIVITIES TO ITS MEMBERSHIP, SUCH AS GOLF, TENNIS, SWIMMING AND DINING FACILITIES. 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 36 0 1 517 1 1 1 0 0 0 0 1638650 1467483 0 0 0 X 26 26 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X MICHAEL SHEPPARD 3014247200 1201 ROCKVILLE PIKE ROCKVILLE MD 20852 STEVE LUSTIG PRESIDENT 1.00 X X 0 0 0 FRAN ALBERT FIRST VICE PRESIDENT 1.00 X X 0 0 0 DARYLE BOBB SECOND VICE PRESIDENT 1.00 X X 0 0 0 KIM STEIN SECRETARY 1.00 X X 0 0 0 STEVEN SCHIFFMAN TREASURER 1.00 X X 0 0 0 BILLY BURACK AUDITOR 1.00 X X 0 0 0 JOHN VERSTANDIG PARLIAMENTARTIAN 1.00 X X 0 0 0 PETER JASSEL GOVERNOR 1.00 X 0 0 0 ERIC KASSOFF GOVERNOR 1.00 X 0 0 0 ALAN LEVINE GOVERNOR 1.00 X 0 0 0 NANCI MILLER GOVERNOR 1.00 X 0 0 0 ADAM ROFFMAN GOVERNOR 1.00 X 0 0 0 RUSSELL ROTHSTEIN GOVERNOR 1.00 X 0 0 0 BRIAN ASHIN GOVERNOR 1.00 X 0 0 0 BRADLEY BUSLIK GOVERNOR 1.00 X 0 0 0 ANTON COHEN GOVERNOR 1.00 X 0 0 0 ELAINE FEIDELMAN GOVERNOR 1.00 X 0 0 0 BARRY HABERMAN GOVERNOR 1.00 X 0 0 0 ALEXANDRA WALKER GOVERNOR 1.00 X 0 0 0 ALAN BUBES GOVERNOR 1.00 X 0 0 0 CARLA FREED GOVERNOR 1.00 X 0 0 0 PHIL SCHULMAN GOVERNOR 1.00 X 0 0 0 DARYLE SHAPIRO GOVERNOR 1.00 X 0 0 0 EVAN SILVERMAN GOVERNOR 1.00 X 0 0 0 JENNIFER WEINBERG GOVERNOR 1.00 X 0 0 0 SETH WERNICK IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 MICHAEL SHEPPARD DIRECTOR OF FINANCE 40.00 X 199934 0 23405 JOE ROEDIGER COO 40.00 X 337095 0 16742 DAVID DORN DIRECTOR OF GOLF 40.00 X 394835 0 11927 RYAN SEVERIDT DIRECTOR OF GREENS & GROUNDS 40.00 X 339022 0 29583 BRUCE LIPKA DIRECTOR OF TENNIS 40.00 X 355984 0 4337 JUAN CARLOS ESCUDERO DIRECTOR FO JUNIOR TENNIS 40.00 X 277396 0 31086 1904266 0 117080 6 0 1 0 SAFE SHIELD CONSULTANTS DBA SIGNAL 88 SE 8101 SANDY SPRING ROAD SUITEE 300-E LAUREL MD 20708 SECURITY SERVICES 145372 1 MEMBERSHIP DUES 900099 14907000 14907000 CAPITAL ASSESSMENT 900099 2166428 2166428 INITIATION FEES 900099 1638650 1638650 GOLF REVENUES 900099 1594076 1491137 102939 GUEST FEES 900099 991066 991066 1242611 678443 564168 22539831 132421 132421 118008 -118008 -118008 -118008 6174961 3396905 2778056 2213382 564674 OTHER INCOME 900099 58446 58446 58446 25390746 24086106 1364202 -59562 337095 12549698 281759 1319945 1007904 16605 80838 374517 244505 374105 1654880 133471 277365 3325987 376365 GOLF COSTS 1582844 SUPPLIES 965710 MAINTENANCE 547432 ALL OTHER EXPENSES 520006 25971031 1083976 158905 2991113 3025907 599786 486893 456917 463480 89095811 34125287 46850001 54970524 3581101 2301229 2985611 2869431 58548505 64276369 2496975 2699585 2198997 2588491 8785615 14718781 15483031 15115052 28964618 35121909 X 29583887 29154460 29583887 29154460 58548505 64276369 -580285 150858 0 X 0 1 X 1 0 302370 302370 45485113 15218597 30266516 15807590 9087288 6720302 13065682 8693619 4372063 14435056 1125783 13309273 54970524 CHILDERN'S DEPOSITS 2236000 DEFFERRED COMPENSATION 1701512 MEMBER DEPOSITS 876650 LEASE LIABILITES 299486 DEFFERRED CONTRACT REVENUE 9884464 MEMBERS CERTIFICATES 116940 15115052 X 28528126 150858 3396905 3547763 24980363 410383 410383 25390746 28957552 3396905 3396905 25560647 410384 410384 25971031 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBER TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSE UNDER INTERNAL REVENUE CODE 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 INCOME AND CERTAIN OTHER REVENUES DERIVED FROM NONMEMBER EVENTS AND FUNCTIONS. THE CLUB'S TAX EXPENSE FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 WAS $0 AND $2,063, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGE INCOME RECORDED ON FINANCIAL STATEMENTS AS PAYROLL EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGE INCOME RECORDED ON FINANCIAL STATEMENTS AS PAYROLL EXPENSE X X X X X X 0 0 0 DAVID DORN DIRECTOR OF GOLF 296162 0 97522 0 1151 0 11927 0 0 0 406762 0 0 0 RYAN SEVERIDT DIRECTOR OF GREENS & GROUNDS 303906 0 32855 0 2261 0 13201 0 16382 0 368605 0 0 0 BRUCE LIPKA DIRECTOR OF TENNIS 288757 0 19750 0 47477 0 4337 0 0 0 360321 0 0 0 JOE ROEDIGER COO 328302 0 0 0 8793 0 0 0 16742 0 353837 0 0 0 JUAN CARLOS ESCUDERO DIRECTOR FO JUNIOR TENNIS 50170 0 1331 0 225895 0 11450 0 19636 0 308482 0 0 0 MICHAEL SHEPPARD DIRECTOR OF FINANCE 185218 0 12500 0 2216 0 8100 0 15305 0 223339 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 "1. ACTIVE MEMBERSHIP - MEMBERS ARE ENTITLE TO VOTE, AND THEY AND THEIR SPOUSES SHALL BE ELIGIBLE TO HOLD OFFICE. 2. ACTIVE SENIOR MEMBERSHIP - MEMBERS ARE ENTITLE TO VOTE, AND THEY AND THEIR SPOUSES SHALL BE ELIGIBLE TO HOLD OFFICE. 3. ASSOCIATE MEMBERSHIP - MEMBERS ARE ENTITLED TO VOTE AND HOLD OFFICE. 4. ASSOCIATE SENIOR MEMBERSHIP - MEMBERS ARE ENTITLE TO VOTE AND HOLD OFFICE. 5. CLUBHOUSE MEMBERSHIP - MEMBERS ARE NOT ENTITLE TO VOTE OR HOLD OFFICE. 6. SOCIAL MEMBERSHIP - MEMBERS ARE NOT ENTITLED TO VOTE OR HOLD OFFICE. 7. NON-RESIDENT MEMBERSHIP - MEMBERS ARE NOT ENTITLED TO VOTE OR HOLD OFFICE. 8. LIFE MEMBERSHIP - MEMBERS ARE ENTITLED TO ALL RIGHTS OF A MEMBER OF THE CLUB IN THE SAME CLASS HE OR SHE WAS IN BEFORE BECOMING A LIFEMEMBER. 9. HONORARY MEMBERSHIP - MEMBERS ARE NOT ENTITLED TO VOTE OR HOLD OFFICE. 10. SPECIAL MEMBERSHIP - MEMBERS ARE NOT ENTITLED TO VOTE OR HOLD OFFICE." FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S ACTIVE, ACTIVE SENIOR, ASSOCIATE, ASSOCIATE SENIOR AND LIFE MEMBERS CAN ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF GOVERNORS SHALL HAVE THE RIGHT TO SELL ASSETS OF THE CLUB AS IT MAY, IN ITS DISCRETION, DEEM IN THE BEST INTERESTS OF THE CLUB, PROVIDED THAT NO SUCH SALE OR TRANSFER WHICH INVOLVES THE DISPOSITION, OTHER THAN BY CONDEMNATION, OF ANY PORTION OF THE CLUB'S REAL PROPERTY WHICH CANNOT BE EFFECTED WITHOUT APPROVAL OF THE MEMBERSHIP BY AFFIRMATIVE VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM FROM INFORMATION PROVIDED BY THE DIRECTOR OF FINANCE, AND IS REVIEWED BY THE ORGANIZATION'S DIRECTOR OF FINANCE WITH THE COO PRIOR TO SUBMISSION. AFTER SUBMISSION, A COPY WILL BE SENT TO THE AUDIT COMITTEE. FORM 990, PART VI, SECTION B, LINE 12C REVIEWED BY THE BOARD OF GOVERNORS ANNUALLY AND WHENEVER A NEW MEMBER IS ADDED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB WILL USE THE SERVICES OF A THIRD-PARTY EXECUTIVE SEARCH AGENCY FOR DIRECTOR POSITIONS, WHICH WILL GENERALLY INCLUDE A COMPARABLE COMPENSATION SURVEY. A SEARCH COMMITTEE IS USUALLY FORMED THAT WILL CONDUCT INTERVIEWS AND NEGOTIATE COMPENSATION PACKAGES AND PRESENT ITS RECOMMENDATION TO THE BOARD OF GOVERNORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS ONLY ON THE CLUB'S WEBSITE.