2024-11-13T12:41:44-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2023-01-01 570226427 PIEDMONT CLUB PIED 8645821840 361 EAST MAIN STREET SPARTANBURG SC 29302 RONALD M FIELDS JR SECRETARY/TREASURER 8645821840 2024-11-07 1 1 BREE-ANN WEIDNER P01319397 8642333981 2023 2024-10-15 13:58:12Z PETER M GRZAN 361 EAST MAIN STREET SPARTANBURG SC 29302 4801742 0 X WWW.THEPIEDMONTCLUB.ORG X 1941 SC TO PROVIDE FOR AND PROMOTE SOCIAL FELLOWSHIP FOR MEMBERS. 21 21 123 21 285055 19516 0 0 4049252 4440146 8934 23297 0 0 4058186 4463443 0 0 0 0 2054269 2316384 0 0 0 1960699 2097601 4014968 4413985 43218 49458 9283039 9524424 2848591 2835318 6434448 6689106 TO PROMOTE SOCIAL FELLOWSHIP, FURNISH A PLACE FOR MEETINGS AND AMUSEMENTS, AND PROVIDE MEALS AND REFRESHMENTS FOR MEMBERS. 0 0 TO PROMOTE SOCIAL FELLOWSHIP, FURNISH A PLACE FOR MEETINGS AND AMUSEMENTS, AND PROVIDE MEALS AND REFRESHMENTS FOR MEMBERS. 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 3 0 1 123 1 1 1 0 0 0 0 157568 179829 0 0 0 X 21 21 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X DONNA DALY 8645821840 361 EAST MAIN STREET SPARTANBURG SC 29302 PETER M GRZAN GENERAL MANAGER/COO 45.00 X 166081 0 10976 RONALD M FIELDS JR SECRETARY/TREASURER 1.00 X 10500 0 0 DAVID M BEACHAM PRESIDENT 1.00 X X 0 0 0 ROGERS BRANDT SETTLE VICE PRESIDENT 1.00 X X 0 0 0 ANDREW M BABB DIRECTOR 1.00 X 0 0 0 V C BAILEY III DIRECTOR 1.00 X 0 0 0 V C BAILEY IV DIRECTOR 1.00 X 0 0 0 JOHN E BAUKNIGHT IV DIRECTOR 1.00 X 0 0 0 LOUIE BLANTON DIRECTOR 1.00 X 0 0 0 J GRIER BOMAR DIRECTOR 1.00 X 0 0 0 J DERHAM COLE JR DIRECTOR 1.00 X 0 0 0 FREDERICK B DENT JR DIRECTOR 1.00 X 0 0 0 T ALEXANDER EVINS DIRECTOR 1.00 X 0 0 0 W RUSSEL FLOYD JR DIRECTOR 1.00 X 0 0 0 H LAURENCE FRITZ JR DIRECTOR 1.00 X 0 0 0 MARIANNA B HABISREUTINGER DIRECTOR 1.00 X 0 0 0 R SCOTT HEATH DIRECTOR 1.00 X 0 0 0 CINDY J KELLY DIRECTOR 1.00 X 0 0 0 GEORGE E MOSELEY DIRECTOR 1.00 X 0 0 0 JOHN R MURPHY DIRECTOR 1.00 X 0 0 0 G GARRETT SCOTT DIRECTOR 1.00 X 0 0 0 JAMES W SEELEY DIRECTOR 1.00 X 0 0 0 EMERSON FORT WOLFE JR DIRECTOR 1.00 X 0 0 0 176581 0 10976 1 0 1 0 0 RESTAURANT & BAR SALES 721000 2516465 2254707 261758 DUES & ASSESSMENTS 713910 1873120 1873120 50561 50561 4440146 51486 51486 310110 338299 -28189 -28189 -28189 4463443 4178388 285055 0 187557 1753727 28393 189667 157040 63988 60024 56788 41300 240796 17728 82697 323075 53441 COGS - FOOD & BEVERAGE 775245 TAXES AND LICENSES 109678 SUPPLIES 81845 LAUNDRY AND LINEN 78519 112477 4413985 250 250 91552 46416 353064 375023 78582 86433 74978 61233 13575671 6817186 6719086 6758485 1735544 1964041 229983 232543 9283039 9524424 332228 362103 6062 5102 2430460 2263337 0 128000 79841 76776 2848591 2835318 X 6434448 6689106 6434448 6689106 9283039 9524424 49458 205200 0 X 0 1 X 1 0 344083 344083 10606771 4501750 6105021 2383167 2121398 261769 241650 194038 47612 6758485 DEFERRED COMPENSATION LIABILITY 40000 MEMBER DEPOSITS 36776 76776 X 4668643 205200 205200 4463443 0 4463443 4413985 0 4413985 0 4413985 PART X, LINE 2: THE CLUB IS TAX EXEMPT UNDER SECTION 501(C)(7) OF THE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE CLUB ADOPTED THE PROVISIONS OF FASB GUIDANCE ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CLUB'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE CLUB, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2023 OR 2022 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. MANAGEMENT BELIEVES THE CLUB CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND, THEREFORE, HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023 OR 2022. X 0 0 0 PETER M GRZAN GENERAL MANAGER/COO 119456 0 46625 0 0 0 4796 0 6180 0 177057 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS V.C. BAILEY, III AND V.C. BAILEY, IV HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A 501(C)(7) MEMBERSHIP ORGANIZATION. AS SUCH THE ORGANIZATION HAS SIX CLASSES OF MEMBERSHIP: RESIDENT, SENIOR RESIDENT, HONORARY, NONRESIDENT, SENIOR NONRESIDENT CLASS I, AND SPECIAL JUNIOR. THE ONLY CLASSES THAT HAVE VOTING RIGHTS OR THE RIGHT TO HOLD OFFICES ARE RESIDENT AND SENIOR RESIDENT CLASSES. THE REMAINING CLASSES CAN PARTICIPATE IN VARYING DEGREES OF THE ORGANIZATION INCLUDING NOMINATIONS, BUT DO NOT MAINTAIN VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A RESIDENT AND SENIOR RESIDENT MEMBERS OF THE ORGANIZATION HAVE THE RIGHT TO PARTICIPATE IN THE VOTING AND APPROVAL OF THE GOVERNING BODY OF THE ORGANIZATION FROM THE NOMINATIONS PROVIDED FROM THE SIX CLASSES OF MEMBERSHIP. THE BOARD OF GOVERNORS HAS THE POWER TO FILL A VACANCY THAT OCCURS BY RESIGNATION, TERMINATION, DEATH, OR INCAPACITY IN ANY OFFICE OR SEAT ON THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY ONLY BE AMENDED OR SUPPLEMENTED BY A MAJORITY VOTE OF THE RESIDENT MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY RONALD M. FIELDS, JR., SECRETARY/TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED ANNUALLY BY ALL BOARD MEMBERS. IT IS THE BOARD MEMBERS' RESPONSIBILITY TO MAKE CONFLICT OF INTERESTS KNOWN AND TO RECUSE THEMSELVES FROM VOTING ON THOSE MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER/COO'S COMPENSATION IS REVIEWED WITH THE CLUB TREASURER WHO THEN PRESENTS THE INCREASE TO THE HOUSE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 PIEDMONT CLUB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATIVE OFFICE.