2024-11-15T17:17:51-06:00 2023-12-31 330783299 OSBORNE RINCON CPAS 79245 CORPORATE CENTRE DRIVE LA QUINTA CA 92253 990 2023-01-01 237273075 SILENT VALLEY CLUB INC SILE 9518494501 46305 POPPET FLATS ROAD BANNING CA 92220 CYNTHIA SLOCUM EXECUTIVE DIRECTOR 9518494501 2024-11-15 1 0 BRUCE J LEGAWIEC CPA P00117929 7607779805 2024-11-15 2023 2024-10-15 13:58:12Z CYNTHIA SLOCUM 46305 POPPET FLATS ROAD BANNING CA 92220 4277548 0 X WWW.SILENTVALLEYCLUB.COM X 1973 CA OPERATION AND MANAGMENT OF A FAMILY CAMPING RESORT EXCLUSIVELY FOR THE BENEFITS OF ITS MEMBERS. 9 9 79 0 98394 0 2543319 2747164 890846 814379 173 722 440426 386254 3874764 3948519 0 0 0 0 1987535 2092002 0 0 0 2121685 2024829 4109220 4116831 -234456 -168312 2590941 2287915 1926638 1791924 664303 495991 OPERATION AND MANAGMENT OF A 460 ACRE CAMPGROUND AND 850 CAMPSITES FOR EXCLUSIVE BENEFIT OF ITS MEMBERS. 0 0 THE CLUB ASSESSES ANNUAL DUES TO ITS MEMBERS FOR RECREATIONAL CAMPING AND TO PROVIDE FOR THE OPERATION AND MANAGMENT OF THE CAMPING RESORT. THE CLUB ALSO ASSESSES AND ANNUAL STORAGE FEE FOR PARTICIPATING MEMBERS WHO CHOOSE TO STORE THEIR VEHICLES ON CLUB PROPERTY. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 0 0 79 0 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X TRACY CAMACHO 9518494501 46305 POPPET FLATS ROAD BANNING CA 92220 ROBERT ALVAREZ DIRECTOR 1.00 X X 0 0 0 TODD MATHIS DIRECTOR 1.00 X X 0 0 0 PAT BUHRER CFO 40.00 X X 265634 0 0 PATTYE OLMACK CORPORATE SECRETARY 1.00 X X 0 0 0 MICHELLE TVRDIK-MELTON DIRECTOR 1.00 X X 0 0 0 RYAN BAKER DIRECTOR 1.00 X 0 0 0 DAVID LANGHOFER EXECUTIVE DIRECTOR 1.00 X 0 0 0 NIKOL COLLINS EXECUTIVE DIRECTOR 1.00 X 0 0 0 GARY HUNTER PRESIDENT 1.00 X 0 0 0 265634 0 0 1 0 1 0 0 2747164 2747164 CLUB STORAGE LOT FEES 721210 428151 428151 OTHER PROGRAM REVENUE 721210 287834 287834 NON-MEMBER GUEST REVEN 721210 89564 89564 NON-MEMBER TRAILER REN 721210 8830 8830 814379 722 722 679871 329029 350842 350842 MISCELLANEOUS INCOME 721210 35412 35412 35412 3948519 1102961 98394 0 1784199 2230 144692 160881 29007 16980 30590 69054 4310 94031 226460 UTILITIES 653005 TAXES & LICENSES 318390 REPAIRS AND MAINTENANCE 165179 OUTSIDE SERVICES 106766 311057 4116831 669979 427099 589271 603984 96111 77772 67596 69295 82763 89245 5065497 4103997 1023577 961500 61644 59020 2590941 2287915 44615 41149 1537296 1602694 344727 148081 1926638 1791924 X 0 0 0 0 664303 495991 664303 495991 2590941 2287915 -168312 0 X 0 0 0 109700 109700 535360 481508 53852 3238669 2579438 659231 1181768 1043051 138717 961500 ACCRUED SALARIES AND BENEFITS 139757 ACCRUED EXPENSES 7734 MEMBER CREDIT BALANCES 590 148081 X 4500652 0 4500652 -552133 -552133 3948519 4668958 0 4668958 -552127 -552127 4116831 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE CALIFORNIA STATE REVENUE AND TAXATION CODE. FOR BOTH FEDERAL AND STATE TAX PURPOSES, THE CLUB IS TAXED ON ALL REVENUE FROM NONMEMBER ACTIVITIES, AS WELL AS INTEREST INCOME. THE CLUB'S PRESENT POLICY IS TO EVALUATE ALL TAX POSITIONS BASED ON EITHER HAVING SUBSTANTIAL AUTHORITY FOR A TAX POSITION TAKEN ON A RETURN OR WHERE SUBSTANTIAL AUTHORITY DOES NOT EXIST, THEN THE CLUB DISCLOSES THE TAX TREATMENT OF THE ITEM AND ENSURES THAT THERE IS A REASONABLE BASIS FOR THE TREATMENT. THE CLUB HAS NOT TAKEN TAX POSITIONS FOR ANY YEARS OPEN UNDER VARIOUS STATUTES OF LIMITATIONS THAT REQUIRED DISCLOSURES BECAUSE THEY WERE NOT SUPPORTED BY SUBSTANTIAL AUTHORITY. THE CLUB BELIEVES THAT MOST IF NOT ALL OF ITS POSITIONS SUPPORTED BY SUBSTANTIAL AUTHORITY WOULD MEET THE RECOGNITION STANDARD OF FINANCIAL STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION TOPIC 740 "INCOME TAXES". THE COMPANY HAS NOT EVALUATED ANY TAX POSITIONS WITH RESPECT TO THE "MEASUREMENT" STANDARD OF FASB ASC TOPIC 740 AND IS UNABLE TO DETERMINE THE AMOUNT, IF ANY, THAT WOULD BE REQUIRED TO BE TREATED AS "UNCERTAIN" UNDER THAT STANDARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD BAD DEBT EXPENSE PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD BAD DEBT EXPENSE X 1 1 X 0 0 0 PAT BUHRER CFO 265634 0 0 0 0 0 0 0 0 0 265634 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB CONSISTED OF APPROXIMATELY 3,133 ACTIVE MEMBERS DURING 2021 WHO SHARE AN UNDIVIDED LEASEHOLD INTEREST IN THE PARK. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B THE ANNUAL TAX RETURNS ARE PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED AND APPROVED BY THE CFO AND THE BOARD PRESIDENT PRIOR THE FILING OF THE TAX RETURNS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD SYSTEMATICALLY MONITORS AND REVIEWS ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PREPARES, REVIEWS, AND APPROVES THE SALARY FOR THE CFO WHILE INDIVIDUAL REVIEWS AND SALARIES ARE PREPARED AND APPROVED BY THE CFO. THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET WHICH INCLUDES ANY PROJECTED PAY INCREASES. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB MAKES ITS FORM 1023, FORM 990, AND FORM 990-T AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.