2024-11-15T10:54:56-06:00 2023-12-31 341663731 ZINNER & CO LLP 3201 ENTERPRISE PARKWAY SUITE 410 CLEVELAND OH 441227329 990 2023-01-01 341705212 SHOREBY CLUB INC SHOR 2168512582 40 SHOREBY DRIVE BRATENAHL OH 44108 JOHN SCANLAN TREASURER 2168512582 2024-11-14 1 0 SUSAN D KRANTZ P00233254 2168310733 2024-11-12 2023 2024-10-15 13:58:12Z JOHN SCANLAN 40 SHOREBY DRIVE BRATENAHL OH 44108 7989880 0 X WWW.SHOREBYCLUB.COM X 1989 OH THE SHOREBY CLUB, ENJOYING A MAGNIFICENT LAKESIDE LOCATION, OFFERS SUPERIOR DINING, SOCIAL AND RECREATIONAL EXPERIENCES TO ITS MEMBERSHIP IN A WELL-MAINTAINED, ELEGANT AND INTIMATE 19TH CENTURY HISTORIC MANSION. 8 8 172 8 18613 0 2404363 2489787 833966 2660045 -16491 18613 1752503 1747380 4974341 6915825 0 0 0 0 2577498 2924574 0 0 0 2025691 2260250 4603189 5184824 371152 1731001 9751783 12492579 820543 1777705 8931240 10714874 X THE SHOREBY CLUB VISION 2020 INCLUDES BUT IS NOT LIMITED TO THE FOLLOWING:1. BE VIEWED AS AMONG THE FINEST DINING EXPERIENCES IN THE CLEVELAND AREA AS DETERMINED BY THE QUALITY OF THE FOOD, PRESENTATION AND AMBIANCE.2. A MEMBERSHIP LEVEL NEEDED TO FINANCIALLY SUPPORT THE CLUB (500-600).3. A MANAGEMENT TEAM THAT IS SUFFICIENTLY STAFFED TO ANTICIPATE AND PROACTIVELY MEET MEMBER NEEDS INCLUDING MAINTENANCE OF THE FACILITIES.4. A CLUB WHOSE EMPLOYEES ARE SOUGHT AFTER BY OTHERS BECAUSE OF THEIR EXCELLENT TRAINING AND PERFORMANCE.5. A CLUB OF SUCH REPUTATION THAT ALL MOVERS AND SHAKERS IN THE CLEVELAND AREA FEEL THAT THEY ARE DISADVANTAGED IF THEY DO NOT BELONG TO THE SHOREBY CLUB.A CLUB UTILIZATION LEVEL THAT REFLECTS MEMBERSHIP COMMITMENT TO AND RECEPTION OF VALUE. 0 0 N/A 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 172 1 1 1 0 0 0 0 6000 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 X WENDY HARLEY 2168512582 40 SHOREBY DRIVE BRATENAHL OH 44108 X JOHN SCANLAN TREASURER 2.00 X X 0 0 0 SCOTT KING TRUSTEE 2.00 X 0 0 0 KEN MAROUS PRESIDENT 10.00 X X 0 0 0 ALBERT TUSEK SECRETARY 2.00 X X 0 0 0 WARREN ANDERSON TRUSTEE 2.00 X 0 0 0 MARY HERZAK TRUSTEE 2.00 X 0 0 0 RYAN CROSS TRUSTEE 2.00 X 0 0 0 PETER DOUGHERTY TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 2489787 2489787 CAPITAL FUND ASSESSMENTS 900099 1858685 1858685 RENTAL AND FEE INCOME 900099 536282 536282 SERVICE CHARGE FEES 900099 265078 265078 2660045 18613 18613 2788077 1074055 1714022 1714022 OTHER MEMBERSHIP REVENUE 900099 33358 33358 33358 6915825 4407425 18613 0 X 2484157 218647 221770 69463 365285 79591 VALET AND SECURITY 334570 KITCHEN SUPPLIES 315896 REPAIR, MAINTENANCE AND 283415 UTILITIES 187251 624779 5184824 1788467 3134367 258773 258799 898508 1125855 116390 149864 30778 30764 14647191 6897682 6603258 7749509 55609 43421 9751783 12492579 347465 1311102 346469 380182 126609 86421 820543 1777705 X 0 0 8432990 8485623 498250 2229251 8931240 10714874 9751783 12492579 X 1731001 52633 X X 0 1 X 1 0 1422500 1422500 7168618 3820355 3348263 1195313 256891 938422 3067045 1619655 1447390 1793715 1200781 592934 7749509 NOTES PAYABLE - MEMBERS 44000 LEASE LIABILITY 42421 86421 X 6915825 0 6915825 0 6915825 5184824 0 5184824 0 5184824 PART X, LINE 2: AS OF JANUARY 1, 2022, AND FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE CLUB HAD NOT ENGAGED IN ANY ACTIVITY WHICH MANAGEMENT CONSIDERS TO BE ACTIVITY THAT COULD RESULT IN A LOSS OF ITS 501(C)(7) IRS DESIGNATION. ADDITIONALLY, MANAGEMENT DOES NOT CONSIDER ANY OF THE ACTIVITY OF THE CLUB TO BE CONSIDERED UNRELATED BUSINESS INCOME THAT COULD RESULT IN INCOME TAX. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WAS NO TAX INTEREST OR PENALTIES REFLECTED IN THE STATEMENTS OF ACTIVITIES OR IN THE STATEMENTS OF FINANCIAL POSITION. THE CLUB FOLLOWS GAAP FOR UNCERTAINTY IN INCOME TAXES. THE CLUBS INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. IN EVALUATING THE CLUBS ACTIVITIES, THE CLUB BELIEVES ITS POSITION OF TAX-EXEMPT STATUS IS APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING INCLUDE THE CLASSES OF MEMBERS: LIFE FOUNDER INDIVIDUAL EQUITY FOUNDER INDIVIDUAL EQUITY CHARTER CORPORATE EQUITY CHARTER INDIVIDUAL EQUITY INDIVIDUAL EQUITY CORPORATE DESIGNEE JUNIOR CORP DESIGNEE INDIVIDUAL DESIGNEE JUNIOR INDIVIDUAL DESIGNEE LIFE FOUNDER CORPORATE EQUITY FOUNDER CORPORATE EQUITY CORPORATE EQUITY PERSONAL ACADEMIC JUNIOR ANNUAL PAYMENTS FAMILY JUNIOR CORPORATE EQUITY LEGACY SOCIETY LEGACY SENIOR STATESMEN SOCIETY SENIOR STATESMEN CONVERTIBLE INDIVIDUAL JUNIOR CONVERTIBLE SOCIETY JUNIOR ANNUAL PAYMENTS ASSOCIATE ALUMNI SOCIETY INDIVIDUAL EQUITY SOCIETY CORPORATE EQUITY SOCIETY CONVERTIBLE INDIVIDUAL SOCIETY CORPORATE DESIGNEE SOCIETY JUNIOR CORPORATE DESIGNEE SOCIETY LIFE EQUITY SOCIETY INDIVIDUAL DESIGNEE FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B A PRELIMINARY COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW PRIOR TO FILING. THE MANAGER REVIEWS IT WITH THE APPROPRIATE BOARD MEMBERS (PRESIDENT AND TREASURER) AND ANY NECESSARY CHANGES ARE MADE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, MANAGER AND COMMITTEE MEMBERS CONSTANTLY REVIEW THE POLICY AND MAKE NOTE OF ANY VIOLATIONS TO SUCH POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS DO NOT RECEIVE COMPENSATION. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE BOARD AND REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. AN ANNUAL MEETING IS ALSO HELD FOR MEMBERS WHERE ALL OF THE DOCUMENTS ARE AVAILABLE. FORM 990, PART IX, LINE 24E HOLIDAY FUND EXPENSE 119,409. BANQUET EXPENSES 107,170. PROPERTY TAXES 95,561. CONTRACT LABOR 92,807. CABLE AND TELEPHONE 78,673. EMPLOYEE AND MEMBER EXPENSES 74,571. PROFESSIONAL FEES 39,238. LICENSE, PERMITS AND FEES 17,623. POSTAGE AND PRINTING 3,849. CREDIT CARD AND BANK FEES 2,858. BAD DEBT EXPENSE -6,980. FORM 990, PART XI, LINE 9: INCREASE IN EQUITY MEMBERSHIP 52,633. PART XII LINE 2C EXPLANATION THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9 27 NEW MEMBERS JOINED THE ORGANIZATION DURING 2023 AND 60 MEMBERS WITHDREW DURING 2023. THIS CHANGE IN MEMBERSHIP RESULTED IN AN INCREASE IN EQUITY IN THE AMOUNT OF $52,633.