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      <LandBldgEquipCostOrOtherBssAmt>5985951</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>3948373</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>1884863</BOYAmt>
        <EOYAmt>2037578</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <TotalAssetsGrp>
        <BOYAmt>2558089</BOYAmt>
        <EOYAmt>2612896</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>117308</BOYAmt>
        <EOYAmt>141413</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>1444005</BOYAmt>
        <EOYAmt>1428706</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>1561313</BOYAmt>
        <EOYAmt>1570119</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>996776</BOYAmt>
        <EOYAmt>1042777</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>996776</BOYAmt>
        <EOYAmt>1042777</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>2558089</BOYAmt>
        <EOYAmt>2612896</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>46001</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>true</AccountantCompileOrReviewInd>
      <AcctCompileOrReviewBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </AcctCompileOrReviewBasisGrp>
      <FSAuditedInd>false</FSAuditedInd>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc3">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>526170</OtherCostOrOtherBasisAmt>
        <BookValueAmt>526170</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>3426266</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>2160255</DepreciationAmt>
        <BookValueAmt>1266011</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>620441</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>503227</DepreciationAmt>
        <BookValueAmt>117214</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>1413074</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1284891</DepreciationAmt>
        <BookValueAmt>128183</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>2037578</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>MEMBERSHIP REDEMPTION PAYABLE</Desc>
        <Amt>901904</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>NOTES PAYABLE - FF&amp;M BANK</Desc>
        <Amt>526802</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>1428706</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRESIDENT APPOINTS A NOMINATIONS COMMETTEE ON AN ANNUAL BASIS. THE COMMITTEE IS RESPONSIBLE FOR FORMULATING A LIST OF NOMINEES FOR MEMBERSHIP ON THE BOARD OF DIRECTORS. THE NOMINATIONS COMMITTEE IS CONPRISED OF AT LEAST FIVE REGULAR CLASS A MEMBERS, ONLY ONE OF WHOM MAY BE AN OFFICER OR DIRECTOR OF THE CLUB. THE LIST OF NOMINEES ARE VOTED ON AT THE ANNUAL MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ANNUAL MEETING OF THE GRAYMERE CLUB IS HELD ON THE THIRD MONDAY OF EACH JANUARY. AT THIS MEETING, THE CLASS A MEMBERS SHALL ELECT DIRECTORS TO SERVE FOR THE ENSUING THREE YEARS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO FILING. THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS AND SIGNS THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>NO DOCUMENTS AVAILABLE TO THE PUBLIC</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>BANK FEES 0 5,972 0 CABLE EXPENSE 0 2,859 0 FOOD &amp; BAR COSTS 245,710 0 0 GAS &amp; OIL 22,131 0 0 INSURANCE 0 43,490 0 INTEREST EXPENSE 2,200 21,563 0 MISCELLANEOUS 0 316 0 OFFICE SUPPLIES 0 17,310 0 POSTAGE 0 1,881 0 PRINTING 0 404 0 PROMOTION EXPENSE 0 14,884 0 PROPERTY TAXES 0 34,034 0 REPAIRS &amp; RENTAL 140,458 26,668 0 SECURITY EXPENSE 0 1,247 0 SUPPLIES &amp; MERCHANDISE 93,452 0 0 TAXES &amp; LICENSES 44,218 7,025 0 UNIFORM &amp; LAUNDRY 14,678 0 0 UTILITIES &amp; TELEPHONE 89,707 4,567 0 TOTAL 652,554 182,220 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
