2024-11-12T14:55:47-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-01-01 050221400 SPOUTING ROCK BEACH ASSOCIATION SPOU 4018471900 34 OCEAN AVENUE NEWPORT RI 02840 MORTIMER BERKOWITZ III TREASURER 4018471900 2024-11-12 1 1 KERRI RAWCLIFFE P01398485 4016216200 2024-11-12 2023 2024-10-15 13:58:12Z MORTIMER BERKOWITZ III 34 OCEAN AVENUE NEWPORT RI 02840 10223066 0 X WWW.SPOUTINGROCKBEACH.COM X 1897 RI OPERATION OF BEACH CLUB - SOCIAL CLUB 9 9 144 42 195698 171953 0 979208 4467955 4933584 119783 195698 -144882 -528395 4442856 5580095 0 0 0 0 1542741 1734011 0 0 0 2430164 2803102 3972905 4537113 469951 1042982 8170570 9968948 1798637 2423146 6371933 7545802 SPOUTING ROCK BEACH ASSOCIATION IS ORGANIZED AND OPERATED FOR THE PLEASURABLE RECREATIONAL USE OF ITS MEMBERS. 0 0 OPERATION OF BEACH CLUB WHICH PROVIDES RECREATION TO ITS MEMBERS INCLUDING SWIMMING, TENNIS, FOOD & BEVERAGE. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 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 15 0 1 144 1 1 1 0 0 0 0 157227 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 X TIMOTHY DUTRA 4018471900 34 OCEAN DRIVE NEWPORT RI 02840 X ALEXANDER AUERSPERG PRESIDENT 1.00 X X 0 0 0 MORTIMER BERKOWITZ III TREASURER 1.00 X X 0 0 0 LESLIE R GROSVENOR SECRETARY 1.00 X X 0 0 0 JOHN H MANICE DIRECTOR 1.00 X 0 0 0 BARBARA VAN BEUREN DIRECTOR 1.00 X 0 0 0 RALPH ISHAM DIRECTOR 1.00 X 0 0 0 KATE GUBELMANN DIRECTOR 1.00 X 0 0 0 JOHN R GRACE DIRECTOR 1.00 X 0 0 0 OLIVER H QUINN DIRECTOR 1.00 X 0 0 0 DANIEL BROWN GENERAL MANAGER 40.00 X 217920 0 0 MARY CONLEY CONTROLLER 40.00 X 112035 0 0 COLEMAN HANOVER EXECUTIVE CHEF 40.00 X 119802 0 0 RYAN NOLAN ASSISTANT MANAGER 40.00 X 109920 0 0 559677 0 0 4 0 1 0 0 707926 264301 6981 979208 MEMBER DUES AND FEES 713990 4175337 4175337 TENNIS 713990 272077 272077 ADMISSIONS 713990 150975 150975 JUNIOR ATHLETICS 713990 145092 145092 BATHHOUSE & CABANA RENTALS 713990 119440 119440 70663 70663 4933584 226226 226226 2824620 2855148 -30528 -30528 -30528 1120725 1787823 -667098 -667098 MISCELLANEOUS 713990 118476 118476 FINANCE CHARGES 713990 20227 20227 138703 5580095 4405189 195698 0 217920 217920 1310069 1310069 35144 35144 170878 170878 288136 288136 41550 41550 29898 29898 98230 98230 258970 258970 373612 373612 CORPORATE TAXES 48186 48186 BEACH & POOL EXPENSES 928148 928148 OTHER 429133 429133 TENNIS 95408 95408 211831 211831 4537113 4537113 0 0 1495588 546962 3612468 4727370 162513 344794 47665 52978 56279 74950 6804470 2582576 2796057 4221894 8170570 9968948 271874 841247 1526763 1581899 1798637 2423146 X 6371933 7545802 6371933 7545802 8170570 9968948 X 1042982 124677 6210 X X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73314 73314 3683807 1722838 1960969 894525 512983 381542 2152824 346755 1806069 4221894 X 7523123 124677 1818351 1943028 5580095 0 5580095 6355464 1818351 1818351 4537113 0 4537113 PART X, LINE 2: THE ASSOCIATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ASSOCIATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,787,823. LOSS ON SALE OF SECURITIES INCLUDING IN INCOME 30,528. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,787,823. LOSS ON SALE OF SECURITIES INCLUDING IN INCOME 30,528. PART X, LINE 2 THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES, WHICH CONSISTS PRIMARILY OF INCOME FROM NON-MEMBERS AND INTEREST INCOME. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION'S INCOME TAX RETURNS FOR 2020, 2021 AND 2022 ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. X X 0 1 X X 0 0 0 DANIEL BROWN GENERAL MANAGER 217920 0 0 0 0 0 0 0 0 0 217920 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 STOCKHOLDING MEMBERS FORM 990, PART VI, SECTION A, LINE 7A STOCKHOLDING MEMBERS ELECT THE GOVERNING BOARD FORM 990, PART VI, SECTION A, LINE 7B SECURING A MORTGAGE ON CLUB PROPERTY FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE ACCOUNTANT, IS REVIEWED BY THE TREASURER AND THE MANAGER AND CHANGES ARE MADE AS NECESSARY PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15A FOR KEY EMPLOYEE AND MANAGEMENT COMPENSATION THE BOARD OF GOVERNORS AND/OR MANAGEMENT REVIEWS THE PERFORMANCE OF THE EMPLOYEE AND SETS COMPENSATION ACCORDINGLY. TRUSTEES OF THE CLUB ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE IT'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: STOCK REDEMPTIONS 6,210. PART XI, LINE 2C THE ORGANIZATION'S GOVERNING BOARD HAS 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. SRBA HISTORIC BUILDING AND ENVIRONMENTAL PRESERVATION FOUNDATION 30 EXCHANGE TERRACE PROVIDENCE RI 029031765 854144840 HISTORICAL SOCIETY RI 501(C)(3) LINE 8 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SRBA HISTORIC BUILDING AND ENVIRONMENTAL PRESERVATION FOUNDATION C 707926