2024-12-10T08:52:23-06:00 2024-01-31 540737372 PBMARES LLP 701 TOWN CENTER DRIVE SUITE 900 NEWPORT NEWS VA 23606 990 2023-02-01 540261150 JAMES RIVER COUNTRY CLUB OF NEWPORT NEWS INC JAME 7575953327 1500 COUNTRY CLUB ROAD NEWPORT NEWS VA 23606 KATHLEEN DERYDER TREASURER 7575953327 2024-12-06 1 1 EDWARD T YODER CPA P00239134 7578731587 2024-12-06 X 2023 2024-10-15 13:58:12Z KATHLEEN DERYDER 1500 COUNTRY CLUB ROAD NEWPORT NEWS VA 23606 7389235 0 X WWW.JAMESRIVERCOUNTRYCLUB.COM X 1932 VA TO PROVIDE FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND THEIR GUESTS, THROUGH DINING, SWIMMING, TENNIS AND GOLF. 14 14 225 20 214525 0 0 0 3999778 4934194 438 326 1339204 1378939 5339420 6313459 0 0 0 0 2907414 3297676 0 0 0 2665787 2956053 5573201 6253729 -233781 59730 8066129 8119164 6012407 6028692 2053722 2090472 TO PROVIDE FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND THEIR GUESTS, THROUGH DINING, SWIMMING, TENNIS AND GOLF 0 0 THE CLUB PROVIDES DINING, SWIMMING, TENNIS AND GOLF FACILITIES TO PROVIDE FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 18 0 1 225 1 1 1 0 0 0 1 1 135100 351480 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 X X KATHLEEN DERYDER 7575953327 1500 COUNTRY CLUB ROAD NEWPORT NEWS VA 23606 JOHN R LAWSON PRESIDENT 15.00 X X 0 0 0 W SCOTT RUSSELL VICE PRESIDENT 15.00 X X 0 0 0 LINDSEY C SMITH DIRECTOR 1.00 X 0 0 0 HUNTER LEWIS DIRECTOR 1.00 X 0 0 0 LARS LASSEN DIRECTOR 1.00 X 0 0 0 DALE GOODMAN DIRECTOR 1.00 X 0 0 0 TREVOR MANNING DIRECTOR 1.00 X 0 0 0 SCOTT MILLAR DIRECTOR 1.00 X 0 0 0 CHRISTOPHER ROBINSON DIRECTOR 1.00 X 0 0 0 JAMES BURNETT DIRECTOR 1.00 X 0 0 0 MARK S SARRETT DIRECTOR 1.00 X 0 0 0 SANDY SCHULER DIRECTOR 1.00 X 0 0 0 STEVEN C WHETSTINE DIRECTOR 1.00 X 0 0 0 LEE LOCKWOOD DIRECTOR 1.00 X 0 0 0 KATHLEEN DERYDER TREASURER/SECRETARY 40.00 X 105178 0 26633 CONRAD LICKEL GENERAL MANAGER 40.00 X 148813 0 40349 253991 0 66982 2 0 1 0 0 MEMBERSHIP DUES AND ASSESSMENTS 713910 4348322 4348322 GOLF AND GREENS 713910 446759 408529 38230 OTHER MEMBER REVENUE 713910 90916 90916 TENNIS AND SWIMMING 713910 48197 48197 4934194 326 326 2454715 1075776 1378939 1202970 175969 6313459 6098934 214525 0 297038 2659731 42458 48707 249742 88675 10000 7619 288175 45376 520056 5308 193897 779866 GOLF AND GREENS EXPENSE 385970 REPAIRS AND MAINTENANCE 269450 COMMITTEE EXPENSE 191287 MUSIC AND DECORATIONS 83109 87265 6253729 159674 150725 303838 299779 440078 489444 87674 97515 -26386 -31650 19041819 11928468 7101251 7113351 8066129 8119164 297334 264070 345126 407602 5369947 5357020 6012407 6028692 X 1038001 1015021 1623422 1623422 -607701 -547971 2053722 2090472 8066129 8119164 X 59730 -22980 X X 1 X 0 1 0 3609013 3609013 7492598 6208222 1284376 2075860 1570868 504992 5864348 4149378 1714970 7113351 X 7254135 1075776 1075776 6178359 135100 135100 6313459 7329505 1075776 1075776 6253729 0 6253729 PART X, LINE 2: THE CLUB IS EXEMPT FROM THE PAYMENT OF FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)7 EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. THERE WERE NO ESTIMATED TAXES DUE ON UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JANUARY 31, 2023 AND 2022. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, PRESCRIBES 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 MANAGEMENT HAS EVALUATED THE IMPACT OF THE GUIDANCE TO ITS FINANCIAL STATEMENTS. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN OTHER INTEREST EXPENSE AND PENALTIES EXPENSE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,075,776. PART XI, LINE 4B - OTHER ADJUSTMENTS: INITIATION FEES 135,100. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,075,776. 0 0 0 CONRAD LICKEL GENERAL MANAGER 147463 0 1350 0 0 0 8550 0 31799 0 189162 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS STOCKHOLDERS. MEMBERS HAVE TO BECOME STOCKHOLDERS AT THE AGE OF 40. THERE ARE TWO PAR VALUES OF STOCK: OLD PAR WORTH $100 PER SHARE AND MODERN PAR WORTH $10 PER SHARE. ANY MEMBER WITH A CERTAIN MEMBER IDENTIFICATION NUMBER AFTER A CERTAIN SEQUENCE NUMBER MUST PURCHASE MODERN SHARES. 90% OF THE VALUE OF THE SHARES PURCHASED GOES TOWARD THE ORGANIZATION'S CAPITAL RESERVE FUND. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE SHAREHOLDERS EVERY YEAR IN FEBRUARY AT THE ANNUAL STOCKHOLDERS MEETING. FORM 990, PART VI, SECTION A, LINE 7B ANY CAPITAL IMPROVEMENTS OVER $750,000 MUST BE APPROVED BY MAJORITY VOTE BY THE SHAREHOLDERS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER REVIEWS AND SIGNS THE FORM 990. ALSO REVIEWED BY THE FINANCE COMMITTEE, WHICH INCLUDES BOARD MEMBERS. IRS ENCOURGES REVIEW BY BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE AVAILABLE TO THE PUBLIC THE GOVERNING POLICIES, CONFLICT OF INTEREST OR FINANCIAL DATA. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS NET OF STOCK REDEMPTIONS -22,980. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE SELECTS THE FIRM TO COMPILE THE FINANCIAL STATEMENTS AND OVERSEES THEIR ENGAGEMENT.