2024-02-19T14:38:20-06:00 2023-11-30 561719839 Earney & Company LLP 710 Military Cutoff Road Suite 250 Wilmington NC 28405 990 2022-12-01 560421616 The Surf Club Incorporated SURF 9102562496 1 Mallard Street Wrightsville Beach NC 28480 John M Tetterton President 9102562496 2024-02-19 1 John Tetterton 999009999 0 Charles EarneyCPA P00085685 9102569995 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z John M Tetterton 1 Mallard Street Wrightsville Beach NC 28480 5650142 0 X www.surfclubnc.com X 1941 NC SOCIAL CLUB 10 10 78 0 170276 113791 0 0 1840267 1544974 395827 -47995 1334107 1356554 3570201 2853533 0 0 0 0 1640428 1725413 0 0 0 1193937 1158766 2834365 2884179 735836 -30646 10545345 10873699 390925 297787 10154420 10575912 TO PROVIDE SOCIAL, DINING, AND ENTERTAINMENT ACTIVITIES FOR ITS MEMBERSHIP. 0 0 2884179 THE CLUB PROVIDES MEALS AND DINING FACILITIES FOR MEMBERS AND THEIR GUESTS. THE CLUB OPERATES ON A SEASONAL BASIS FROM MARCH THROUGH DECEMBER ANNUALLY. 2884179 0 0 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 0 0 0 1 2 0 1 78 1 1 1 0 0 0 0 0 0 0 0 0 0 307134 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 NC X Keith Logar 9102562496 PO Box 438 Wrightsville Beach NC 284800438 John M Tetterton President 0.10 X X 0 0 0 Christopher N Reid Vice President 0.10 X X 0 0 0 William W Stanfield III Secretary/Treasurer 0.10 X X 0 0 0 Louis A Burney Jr Immediate Past President 0.10 X 0 0 0 R Allen Rippy Director 0.10 X 0 0 0 Jerry A Mannen Jr Director 0.10 X 0 0 0 David Sprunt Director 0.10 X 0 0 0 Dr W Chris Ward Director 0.10 X 0 0 0 Howard A Penton III Director 0.10 X 0 0 0 Raiford Trask III Director 0.10 X 0 0 0 Keith Logar General Manager 50.00 X 253148 0 17000 Osono Hiroshi Chef 50.00 X 124406 0 5300 377554 0 22300 2 0 1 0 0 Membership Dues 900099 1402240 1402240 Miscellaneous Income 900099 142734 142734 1544974 117448 117448 2079205 2244648 -165443 -165443 -165443 1907715 551961 1355754 1137483 218271 Reinstatement Fees 900099 800 800 800 2853533 2683257 170276 0 453925 453925 1181820 1181820 89668 89668 28295 28295 3038 3038 30349 30349 1440 1440 32330 32330 392191 392191 193502 193502 UBTI Income Tax 26553 26553 Repairs and Maintenance 132937 132937 Utilities 67611 67611 Supplies and Laundry 65914 65914 184606 184606 2884179 2884179 0 0 181072 88012 2154560 2277440 167548 120129 166795 174707 72274 78862 8278116 4807394 3252804 3470722 4530292 4663827 20000 0 10545345 10873699 390925 297787 390925 297787 X 10154420 10575912 10154420 10575912 10545345 10873699 -30646 452138 0 X X 0 1 X 1 0 8770 8770 5096481 2631935 2464546 2449628 1851572 598056 723237 323887 399350 3470722 X 3857632 452138 452138 3405494 -551961 -551961 2853533 3436140 551961 551961 2884179 0 2884179 Part X, Line 2: The Club is exempt from federal income taxes under section 501 (C)(7) of the Internal Revenue Code (The Code). But is subject to tax on unrelated business income as defined by The Code, primarily investment income. The Club has evaluated its tax positions and concluded that the Club has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the accounting guidance for uncertainty in income taxes within the income taxes topic of the financial accounting standard board (FASB) accounting standards codification (ASC). Part XI, Line 4b - Other Adjustments: COGS Part XII, Line 2d - Other Adjustments: COGS Part X, Line 2: The Club is exempt from federal income taxes under section 501 (C)(7) of the Internal Revenue Code (The Code). But is subject to tax on unrelated business income as defined by The Code, primarily investment income. The Club has evaluated its tax positions and concluded that the Club has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the accounting guidance for uncertainty in income taxes within the income taxes topic of the financial accounting standard board (FASB) accounting standards codification (ASC). X 1 1 X 0 0 0 Keith Logar General Manager 168798 0 84350 0 0 0 17000 0 0 0 270148 0 0 0 Form 990, Part VI, Section A, line 6 THE ORGANIZATION IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. Form 990, Part VI, Section A, line 7a THE FOLLOWING MEMBER CATEGORIES HAVE VOTING PRIVILEGES: FULL MEMBERS, JUNIOR MEMBERS, AND SENIOR MEMBERS. Form 990, Part VI, Section A, line 7b THE MEMBERSHIP MUST APPROVE CONSTITUTIONAL CHANGES AND THE BOARD MUST APPROVE BY-LAW CHANGES. Form 990, Part VI, Section B, line 11b THE 990 FORM IS REVIEWED BY THE CLUB MANAGER AND THE CLUB SECRETARY/TREASURER BEFORE FILING. Form 990, Part VI, Section B, line 12c EACH DIRECTOR LISTS BUSINESS INTERESTS TO DETERMINE IF THERE IS ANY CONFLICT. Form 990, Part VI, Section B, line 15 THE CLUB PRESIDENT REVIEWS AND EVALUATES THE PERFORMANCE OF THE GENERAL MANAGER, IN CONJUNCTION WITH OTHER BOARD MEMBERS, AND MAKES THE DETERMINATION OF ANY WAGE INCREASE AND/OR OTHER BONUSES, BASED UPON SPECIFIED CRITERIA. Form 990, Part VI, Section C, line 19 DOCUMENTS ARE AVAILABLE, UPON REQUEST, IN THE CLUB'S OFFICE. Form 990, Part XII, Line 2c Process was unchanged during the year.