2024-11-15T07:07:08-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1707 N RANDALL ROAD STE 200 ELGIN IL 60123 990 2023-01-01 363691404 MERIT CLUB MERI 8479188800 1500 MERIT CLUB LANE LIBERTYVILLE IL 600489452 GEORGE GETZ TREASURER 8479188800 2024-11-02 1 0 KEVIN FUQUA CPA CVA P00433011 8478888600 2023 2024-10-15 13:58:12Z GEORGE GETZ 1500 MERIT CLUB LANE LIBERTYVILLE IL 600489452 5722980 0 X WWW.MERITCLUB.ORG X 1990 IL THE ORGANIZATION IS A TAX EXEMPT SOCIAL CLUB WHICH DERIVES ITS REVENUES PRIMARILY FROM MEMBERSHIP DUES & DIRECTLY RELATED ACTIVITIES SUCH AS FOOD, BEVERAGE, AND OTHER MEMBERSHIP FUNCTIONS. 3 1 106 0 251882 37858 3476146 0 1314932 4965603 7270 105742 170300 143008 4968648 5214353 0 0 0 0 2533723 2824186 0 0 0 1834932 1946689 4368655 4770875 599993 443478 9563804 9822189 1182597 1237504 8381207 8584685 THE ORGANIZATION IS A TAX EXEMPT SOCIAL CLUB WHICH DERIVES ITS REVENUES PRIMARILY FROM MEMBERSHIP DUES & DIRECTLY RELATED ACTIVITIES SUCH AS FOOD, BEVERAGE, AND OTHER MEMBERSHIP FUNCTIONS. 0 0 OPERATION OF GOLF COURSE AND RESTAURANT FOR THE RECREATION OF CLUB MEMBERS. 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 1 0 0 1 13 0 1 106 1 1 1 0 0 0 0 850773 321684 0 0 0 X 3 1 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X GLORIA RICCHIO 8479188800 1500 MERIT CLUB LANE LIBERTYVILLE IL 600489452 DONALD PIEPER GENERAL MANAGER 40.00 X 237525 0 21459 JOHN NELSON GROUNDS SUPERINTEND. 40.00 X 150000 0 14704 GLORIA RICCHIO CONTROLLER 40.00 X 89000 0 15518 BERT A GETZ JR PRESIDENT 2.00 X X 0 0 0 GEORGE GETZ SECRETARY & TREASURER 2.00 X X 0 0 0 DIRK ANDERSON DIRECTOR 2.00 X 0 0 0 476525 0 51681 2 0 1 0 0 MEMBERSHIP DUES 713910 3744240 3744240 FOOD AND BEVERAGE 722511 622194 542217 79977 GOLF OPERATIONS 713910 599169 556809 42360 4965603 105742 105742 645604 508627 136977 113174 23803 MISCELLANEOUS - NET 713910 6031 6031 6031 5214353 4962471 251882 0 363502 1902268 50879 267743 239794 23700 16028 247483 9278 577675 81931 LANDSCAPING 555960 SUPPLIES 218488 REPAIRS & MAINTENANCE 185550 MISCELLANEOUS 30596 4770875 3699440 274634 3688516 65647 82834 462719 610896 130697 134664 13560463 8529818 5193023 5030645 12278 0 9563804 9822189 353203 448248 352375 347785 477019 441471 1182597 1237504 X 8381207 8584685 8381207 8584685 9563804 9822189 X 443478 -240000 X 1 X 0 1 0 487560 487560 5698936 3603186 2095750 3150307 1749935 1400372 4151667 3144632 1007035 71993 32065 39928 5030645 OBLIGATION UNDER FINANCE LEASE 441471 441471 X PART X, LINE 2: THE CLUB IS OPERATED AS A PRIVATE MEMBERSHIP CLUB AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE SERVICE CODE, EXCEPT FOR AMOUNTS REPRESENTING UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME SUCH AS INVESTMENT INCOME, FACILITY RENTAL, OR SPECIAL EVENTS MAY, FROM TIME TO TIME, PRODUCE TAXABLE INCOME IN VARYING AMOUNTS. DUE TO NET OPERATING LOSS CARRYFORWARDS, NO CURRENT YEAR TAXES ARE DUE. DURING THE YEAR ENDED DECEMBER 31, 2023, THERE WERE NO INCOME TAX PENALTIES OR INTEREST RECOGNIZED IN THE CLUB'S FINANCIAL STATEMENTS. THE CLUB'S TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE CLUB IS NOT CURRENTLY UNDER AUDIT NOR HAS THE CLUB BEEN CONTACTED BY THIS JURISDICTION. THE CLUB BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023. X 1 1 X X 0 0 0 DONALD PIEPER GENERAL MANAGER 223000 0 1000 0 13525 0 9501 0 11958 0 258984 0 0 0 JOHN NELSON GROUNDS SUPERINTEND. 150000 0 0 0 0 0 6000 0 8704 0 164704 0 0 0 PART I, LINE 1A THE GROUNDS SUPERINTENDENT HAS AN ON-SITE RESIDENCE WHICH IS ALSO USED PERSONALLY. PROVIDING THIS BENEFIT IS PRIMARILY FOR THE CONVENIENCE OF THE CLUB, AND THE VALUE OF THE HOUSING WAS NOT INCLUDED IN THE GROUNDS SUPERINTENDENT'S TAXABLE INCOME. FORM 990, PART VI, SECTION A, LINE 2 BERT GETZ JR AND GEORGE GETZ HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS ARE ELECTED ANNUALLY BY THE CLUB MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ONLY CHANGES TO THE BYLAWS ARE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER RECEIVED A PRELIMINARY COPY OF THE RETURN AND REVIEWED/APPROVED PRIOR TO FILING. THE TREASURER SIGNED THE FINAL COPY. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL BOARD MEETING, OFFICERS MUST SIGN AN AFFIDAVIT THAT ALL POSSIBLE CONFLICTS HAVE BEEN DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 CLUB MANAGER MAKES RECOMMENDATIONS TO THE BOARD FOR ALL KEY EMPLOYEE PAY INCREASES. THE BOARD THEN MAKES A DECISION ON THESE RECOMMENDATIONS. MEETING MINUTES AND EMPLOYEE FILES CONTAIN RECORDS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET DECREASE IN CERTIFICATES -240,000. GLOBE CORPORATION 6730 N SCOTTSDALE ROAD SUITE 250 SCOTTSDALE AZ 85253 361137200 REAL ESTATE IL N/A S 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0