2024-05-10T16:35:24-04:00 2023-12-31 261860008 CROWLEY WECHSLER & ASSOCIATES LLC 1411 QUEEN STREET BEAUFORT SC 29902 990 2023-01-01 571110582 OLDFIELD CLUB OLDF 8436454600 130 OLDFIELD WAY OKATIE SC 29909 TIMOTHY RICE OFFICER 8436454600 2024-04-17 true TIM RICE 999009999 false RICHARD D CROWLEY CPA P00640699 8433791065 2024-05-10 2023 2023-04-26 12:10:37Z MARK ROVNAK 130 OLDFIELD WAY OKATIE SC 29909 11310187 false X WWW.OLDFIELD1732.COM X 2000 OLDFIELD CLUB WAS FORMED AS A RECREATIONAL CLUB FOR ITS MEMBERS AND GUESTS. IT OPERATES AS A CLUB. 7 7 0 7 603640 0 7619616 8754792 2169 24211 808563 1549393 8430348 10328396 0 0 3446532 4435692 0 0 4434825 4830850 7881357 9266542 548991 1061854 11521694 13242175 2344995 3003622 9176699 10238553 OLDFIELD CLUB OPERATES AS A SOCIAL CLUB FOR ITS MEMBERS. THE CLUB IS LOCATED IN THE OLDFIELD COMMUNITY IN OKATIE, SOUTH CAROLINA. CLUB MEMBERSHIP IS OPEN TO ALL COMMUNITY RESIDENTS AS WELL AS NON-RESIDENTS. false false RECREATION FOR OLDFIELD CLUB'S MEMBER AND GUESTS, INCLUDING GOLF, TENNIS, EQUESTRIAN, SWIMMING, FITNESS AND OTHER OUTDOOR ACTIVITIES. false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 31 0 false 0 true true false false false false 1278250 false false false X 7 7 false false false false false true false true true false false true true true true true true true false false X BETH ANN JULSETH 8436454600 130 OLDFIELD WAY OKATIE SC 29909 X DAVE ATKINSON SECRETARY X 0 0 0 PHILIP DOBRZYNSKI TREASURER X 0 0 0 MIKE FALVO VICE PRESIDE X 0 0 0 ERIC PUGH OFFICER X 0 0 0 TIMOTHY RICE OFFICER X 0 0 0 MARK ROVNAK PRESIDENT X 0 0 0 MIKE THOMAS OFFICER X 0 0 0 false false false MEMBERSHIP DUES 713910 7059572 7059572 GOLF OPERATIONS - MEMBER 713910 613001 613001 OUTFITTERS - MEMBER 713910 450359 450359 GOLF OPERATIONS 713910 258120 258120 EQUESTRIAN - MEMBER 713910 178268 178268 195472 710 194762 8754792 24211 24211 1971225 981791 989434 838676 150758 OTHER REVENUE 559959 559959 559959 10328396 9724756 603640 X 3471757 627740 336195 1289704 53774 260888 10161 564935 323334 OPERATING EXPENSES 948117 SUPPLIES 699503 REPAIRS & MAINTENANCE 274505 LICENSE & TAXES 145396 260533 9266542 0 0 0 3101694 732210 2800000 1473550 1710687 157288 195691 117563 242010 10254910 3821503 6160190 6433407 511409 1128170 11521694 13242175 793339 787862 1205628 1283258 346028 932502 2344995 3003622 X 9176699 10238553 9176699 10238553 11521694 13242175 1061854 X false true X true false 906540 906540 4782750 1418090 3364660 2981646 1647191 1334455 1124076 412339 711737 459898 343883 116015 6433407 OPERATING LEASE RIGHT-OF-USE ASSETS 772717 FINANCE LEASE ASSETS 345916 DUE FROM OLDFIELD COMMUNITY ASSOC 9537 1128170 OPERATING LEASE LIABILITY 772717 FINANCE LEASE LIABILITY 159785 932502 X 10328396 10328396 10328396 9266542 9266542 9266542 SCHEDULE D, PAGE 3, PART X THE CLUB HAS ADOPTED ACCOUNTING RULES THAT PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE FINANCIAL STATEMENT EFFECTS, IF ANY, OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON ITS INCOME TAX RETURNS. THESE RULES REQUIRE MANAGEMENT TO EVALUATE THE LIKELIHOOD THAT, UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED. BASED ON THAT EVALUATION, IF IT WERE MORE THAN 50% PROBABLE THAT A MATERIAL AMOUNT OF INCOME TAX WOULD BE IMPOSED AT THE ENTITY LEVEL UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES, A LIABILITY WOULD BE RECOGNIZED IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY INTEREST AND PENALTIES THAT WOULD RESULT FROM THAT ASSESSMENT. SHOULD ANY SUCH PENALTIES AND INTEREST BE INCURRED, THE CLUB'S POLICY WOULD BE TO RECOGNIZE THEM AS OPERATING EXPENSES. BASED ON THE RESULTS OF MANAGEMENT'S EVALUATION, NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE AS OF DECEMBER 31, 2023 AND 2022, OR FOR THE YEARS THEN ENDED. FORM 990, PAGE 6, PART VI, LINE 7A ALL CLUB MEMBERS VOTE TO ELECT THE PERSONS WHO SERVE ON THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD BEFORE FILING THE RETURN. BOARD MEMBER SIGNS THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C CLUB REQUIRES ANNUAL DISCLSOURE OF CONFLICTS OF INTEREST AND APPROVAL BY BOARD. FORM 990, PAGE 6, PART VI, LINE 15A BOARD REVIEWS AND APPROVES ANNUAL COMPENSATION FOR ORGANIZATIONS TOP OFFICIAL. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES 1,160,061 0 0 NON-MEMBER ACTIVITY CONTRACT SERVICES 129,643 0 0 TOTAL 1,289,704 0 0