2025-08-12T15:49:02-05:00 2024-09-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-10-01 940732930 THE OLYMPIC CLUB OLYM 4153455100 524 POST STREET SAN FRANCISCO CA 94102 ANDREW GORDON TREASURER 4153455100 2025-08-12 1 0 MAGA E KISRIEV P01008919 4089988400 2023 2025-03-06 01:10:19Z MALIA LYLE 524 POST STREET SAN FRANCISCO CA 94102 85409801 0 X WWW.OLYCLUB.COM X 1860 CA THE ORGANIZATION IS A SOCIAL AND ATHLETIC CLUB. 12 12 630 150 8235370 5226770 0 0 49790118 57055659 765750 2193004 15969032 18511158 66524900 77759821 116787 147388 0 0 37802895 42470681 0 0 0 27977300 30529566 65896982 73147635 627918 4612186 188076167 194209838 110489082 112905490 77587085 81304348 TO PROMOTE PHYSICAL CULTURE, SOCIAL INTERACTION, AND AMATEUR ATHLETICS IN A SPIRIT OF CLOSE HARMONY AMONG ITS MEMBERSHIP. THE CLUB'S VISION IS TO BE THE PREMIER ATHLETIC AND GOLF CLUB. 0 0 THE CLUB SERVED APPROXIMATELY 5,500 VOTING MEMBERS AND 6,500 ADDITIONAL MEMBERS AND THEIR GUESTS TO PROMOTE ATHLETICS AND GOLF. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 226 0 1 630 1 1 1 0 0 0 0 7589306 2740094 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X SABRI OZUN 4153455120 524 POST STREET SAN FRANCISCO CA 94102 MALIA LYLE PRESIDENT 10.00 X X 0 0 0 JAMES A MURPHY PRESIDENT (THRU 12/31/23) 10.00 X X 0 0 0 MARTIN CONNOLLY VICE PRESIDENT 4.00 X X 0 0 0 DONALD L SULLIVAN VICE PRESIDENT (THRU 12/31/23) 4.00 X X 0 0 0 ANDREW K GORDON SECRETARY / TREASURER 4.00 X X 0 0 0 WARD C NAUGHTON SECRETARY (THRU 12/31/23) 4.00 X X 0 0 0 KEVIN W LEE TREASURER (THRU 12/31/23) 4.00 X X 0 0 0 RENEE C BAKER BOARD OF DIRECTORS 4.00 X 0 0 0 STEPHEN R PAPALE BOARD OF DIRECTORS 4.00 X 0 0 0 MARK S KELLY BOARD OF DIRECTORS 4.00 X 0 0 0 ERIC STARR BOARD OF DIRECTORS 4.00 X 0 0 0 DENNIS WILLIAMS BOARD OF DIRECTORS 4.00 X 0 0 0 TIM MUESSLE CHIEF OPERATING OFFICER 40.00 X 660872 0 39922 SABRI OZUN CHIEF FINANCIAL OFFICER 40.00 X 394086 0 48953 TROY FLANAGAN DIRECTOR OF GOLF MAINTENANCE 40.00 X 416919 0 47508 ABHISHEK SONKAR CLUBHOUSE MANAGER 40.00 X 323395 0 40548 NICK LUSSON ATHLETIC DIRECTOR 40.00 X 308777 0 22553 KAITLIN BARRY HUMAN RESOURCES DIRECTOR 40.00 X 201181 0 11958 MATHEW JORDAN DIRECTOR OF GOLF 40.00 X 409824 0 25778 RICHARD SHERIDAN DIR. OF PLAYER DEVELOPMENT 40.00 X 276057 0 23987 BRIAN FRASER DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 198759 0 5332 MICHAEL GILBERT DIRECTOR OF REAL ESTATE 40.00 X 338294 0 49436 THOMAS WHITTEN TENNIS DIRECTOR 40.00 X 329156 0 30839 FRANK STRANZL COMMUNICATION DIRECTOR 40.00 X 223425 0 23085 4080745 0 369899 14 0 1 0 HOT DOG BILLS 675 SANTA BARBARA AVE MILLBRAE CA 94030 CONCESSIONAIRE 1516419 MERIDA INNOVATION LLC 7116 PARISH WAY CITRUS HEIGHTS CA 95621 CONSTRUCTION 338290 JIM URBINA GOLF DESIGN LLC 67 SPYGLASS DRIVE LITTLETON CO 80123 GOLF COURSE DESIGN 244717 HOLDERNESS & BOURNE LLC 12 LABRIOLA CT ARMONK NY 10504 GOLF APPAREL 169304 GREEN SOURCE LLC 2698 EDISON ST GRATON CA 95444 FLORIST 150090 5 DUES AND FEES 713910 57055659 57055659 57055659 2192512 2192512 3897157 669930 3227227 3227227 3227227 4000 3508 492 492 492 22155208 6976542 15178666 12468792 2709874 ADVERTISING 541800 105265 105265 105265 77759821 69524451 8235370 0 147388 3426280 22636307 1851275 12326697 2230122 128572 151401 48944 352761 2214175 6423008 351026 3897028 7885802 1971787 ATHLETIC PROGRAMS 1502611 INCOME TAXES 1483017 SAND GRAVEL SEEDS PLANT 995008 SECURITY SERVICES 516754 2607672 73147635 26050873 13346615 31513727 46420490 8486777 9647581 1271111 1183009 1659254 2119814 212317401 91605420 118295788 120711981 798637 780348 188076167 194209838 8826688 7725868 14821935 16459082 84698147 81647777 2142312 7072763 110489082 112905490 X 77587085 81304348 77587085 81304348 188076167 194209838 X 4612186 263167 -1158090 X 0 1 X 1 0 7779262 7779262 83784698 39540111 44244587 93446779 35920787 57525992 25298810 16144522 9154288 2007852 2007852 120711981 INTEREST RATE SWAP 2742922 CAPITAL LEASE 4329841 7072763 X 83395559 263167 -1215280 -952113 84347672 -6587851 -6587851 77759821 79653369 6587851 6587851 73065518 82117 82117 73147635 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE WITH RESPECT TO MEMBERS' TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS TAX-EXEMPT PURPOSE. THE CLUB IS THEREFORE EXEMPT FROM INCOME TAXES, EXCEPT ON ITS EARNINGS FROM INVESTMENTS AND OPERATIONS FROM NON-MEMBER ACTIVITIES. THE PROVISION FOR INCOME TAXES FOR THE FISCAL YEARS ENDED SEPTEMBER 30, 2024 AND 2023, CONSISTS SOLELY OF CURRENT TAX AND IS BASED GENERALLY ON THE CLUB'S NON-MEMBER INCOME, AND INVESTMENT INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -1,158,090. FIXED ASSETS WRITE OFF RECLASSIFIED TO EXPENSES -57,190. PART XI, LINE 4B - OTHER ADJUSTMENTS: TOURNAMENT REVENUE NETTED WITH TOURNAMENT EXPENSES 531,551. DEPRECIATION EXPENSES FOR RENTAL PROPERTY -142,860. COST OF GOODS SOLD -6,976,542. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE FOR RENTAL PROPERTY 142,860. TOURNAMENT REVENUE NETTED WITH TOURNAMENT EXPENSES -531,551. COST OF GOODS SOLD 6,976,542. PART XII, LINE 4B - OTHER ADJUSTMENTS: FIXED ASSETS WRITE OFF RECLASSIFIED TO EXPENSES 57,190. OTHER EXPENSES RECLASSIFIED TO EXPENSES 24,927. 1 THE OLYMPIC CLUB FOUNDATION 524 POST ST SAN FRANCISCO CA 94102 943160462 501(C)(3) 60100 0 GENERAL SUPPORT LAKE TAHOE NEVADA STATE PARK PO BOX 6116 INCLINE VILLAGE NV 89450 886000022 NV STATE PARK 12602 0 GENERAL SUPPORT LEAGUE TO SAVE LAKE TAHOE 2608 LAKE TAHOE BLVD SOUTH LAKE TAHOE CA 96150 946128680 501(C)(3) 12602 0 GENERAL SUPPORT TAHOE CITY PUBLIC UTILITY 221 FAIRWAY DR TAHOE CITY CA 95145 946019711 TCPUD 12602 0 GENERAL SUPPORT KING'S CATHEDRAL 777 MAUI VETERANS HIGHWAY KAHULUI HI 96732 454217744 501(C)(3) 0 42386 FMV MERCHANDISE GENERAL SUPPORT 5 0 PART I, LINE 2: THE ORGANIZATION HAS OPERATIONS IN THE AREA AND FREQUENTLY MONITORS THE GOOD WORKS OF THE GRANTEES. X X X 0 0 0 TIM MUESSLE CHIEF OPERATING OFFICER 478472 0 182400 0 0 0 16500 0 23422 0 700794 0 0 0 TROY FLANAGAN DIRECTOR OF GOLF MAINTENANCE 379719 0 30000 0 7200 0 16500 0 31008 0 464427 0 0 0 SABRI OZUN CHIEF FINANCIAL OFFICER 364086 0 30000 0 0 0 16500 0 32453 0 443039 0 0 0 MATHEW JORDAN DIRECTOR OF GOLF 302793 0 100465 0 6566 0 7468 0 18310 0 435602 0 0 0 MICHAEL GILBERT DIRECTOR OF REAL ESTATE 318294 0 20000 0 0 0 16500 0 32936 0 387730 0 0 0 ABHISHEK SONKAR CLUBHOUSE MANAGER 293395 0 30000 0 0 0 16461 0 24087 0 363943 0 0 0 THOMAS WHITTEN TENNIS DIRECTOR 304156 0 25000 0 0 0 13411 0 17428 0 359995 0 0 0 NICK LUSSON ATHLETIC DIRECTOR 281377 0 25000 0 2400 0 15698 0 6855 0 331330 0 0 0 RICHARD SHERIDAN DIR. OF PLAYER DEVELOPMENT 276057 0 0 0 0 0 13915 0 10072 0 300044 0 0 0 FRANK STRANZL COMMUNICATION DIRECTOR 183425 0 40000 0 0 0 11231 0 11854 0 246510 0 0 0 KAITLIN BARRY HUMAN RESOURCES DIRECTOR 179181 0 20000 0 2000 0 4544 0 7414 0 213139 0 0 0 BRIAN FRASER DIRECTOR OF INFORMATION TECHNOLOGY 180488 0 15000 0 3271 0 0 0 5332 0 204091 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB OFFERS NINE MAJOR CATEGORIES OF MEMBERSHIPS, OF WHICH ACTIVE MEMBERS HAVE THE RIGHT TO NOMINATE AND ELECT BOARD OF DIRECTORS AS PER THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS HAVE THE RIGHT TO NOMINATE AND ELECT BOARD OF DIRECTORS AS PER THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNANCE DECISIONS ARE RESERVED TO MEMBERS OR PERSONS OTHER THAN THE GOVERNING BODY WHEN THE SALE OF PROPERTY IS OVER $1,000,000 AND WHEN THERE IS SPECIAL ASSESSMENT RELATED TO BUILDING CONSTRUCTION OR RENOVATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS APPOINTS AN AUDIT COMMITTEE WHOSE RESPONSIBILITY CONSISTS OF ALL ASPECTS OF THE ANNUAL FINANCIAL AUDIT, INCLUDING THE TAX FILINGS AND REVIEW OF THE FORM 990. FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE BY THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 DURING A SPECIAL MEETING. AUDIT COMMITTEE MEMBERS (INCLUDING SOME BOARD MEMBERS) ASKED QUESTIONS AND THE PAID PREPARER PROVIDED CLARIFICATION AND EXPLANATION. UPON THE COMPLETION OF THE MEETING, THE AUDIT COMMITTEE APPROVED THE FORM 990 FOR FILING. A COMPLETE COPY OF THE DRAFT WAS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS REISSUED AND RE-SIGNED ANNUALLY BY THE EXECUTIVE OFFICE. ALL KEY EMPLOYEES ARE REQUIRED TO SIGN THE POLICY INCLUDING ALL MERCHANDISE/FOOD & BEVERAGE BUYERS, ALL ADMINISTRATIVE, ACCOUNTING AND MANAGEMENT PERSONNEL. THE GENERAL MANAGER'S OFFICE APPROVES ANNUAL CONFLICT OF INTEREST LOGS. THE BOARD OF DIRECTORS ARE REQUIRED TO RECUSE THEMSELVES IN THE MINUTES OF ANY POTENTIAL CONFLICT OF INTEREST DECISIONS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE CONSISTING OF BOARD MEMBERS WHO APPROVES THE GENERAL MANAGER'S BONUSES AND YEARLY SALARY INCREASES. COMPARATIVE DATA IS OBTAINED FROM OUTSIDE COMPENSATION CONSULTANTS AND REVIEWING FORM 990 OF OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). AUDITED FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN THE CLUB MAGAZINE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -1,158,090.