2025-09-11T12:34:59-05:00 2024-10-31 810696595 DEMOSS ACCT & BKPG SVCS PLLC 2101 CHESTNUT STREET 101B CHATTANOOGA TN 37408 990 2023-11-01 620301870 MOUNTAIN CITY CLUB MOUN 4237565584 216 WEST 8TH STREET 200 CHATTANOOGA TN 37402 CHRIS ALLEN TREASURER 4048957711 2025-09-10 1 ARDEN OGLESBY P01058634 4235519700 2025-09-11 2023 2025-03-06 01:10:19Z CHRIS ALLEN 216 WEST 8TH STREET 200 CHATTANOOGA TN 37402 10126928 0 X WWW.MOUNTAINCITYCLUB.ORG X 1889 TN PRIVATE SOCIAL CLUB OPERATED FOR THE SOLE USE AND BENEFIT OF ITS MEMBERS. X 8 8 21 0 69241 0 0 0 1177197 899547 0 8475109 0 0 1177197 9374656 0 0 0 0 556602 566867 0 0 0 835728 3187013 1392330 3753880 -215133 5620776 879919 6817238 1876430 2192972 -996511 4624266 THE CLUB PRIDES ITSELF IN MEETING THE BUSINESS AND SOCIAL NEEDS OF ITS MEMBERS FOR MORE THAN 120 YEARS. 0 0 210578 PROVIDING DINING ROOMS AND SPECIAL EVENT FOOD AND BEVERAGE FOR MEMBERS AND GUESTS. 3499227 PROVIDING MEETING ROOMS, CONFERENCE ROOMS, AND HOSTING RECEPTIONS, WEDDINGS AND LIFE CELEBRATIONS. 44075 PROVIDING ON PREMISES PARKING FOR CLUB MEMBERS AND THEIR GUESTS. 3753880 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 11 0 1 21 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 1 1 0 0 0 X X DEMOSS ACCOUNTING & BOOKKEEPING SVCS PLLC 4235519700 2101 CHESTNUT STREET 101B CHATTANOOGA TN 37408 CHRIS ALLEN GOVERNOR 29.00 X 0 0 0 RICHARD JOHNSON GOVERNOR 8.00 X 0 0 0 BILL WILKERSON GOVERNOR 8.00 X 0 0 0 JONATHAN BULLARD GOVERNOR 8.00 X 0 0 0 TRAE VAUGHAN III GOVERNOR 8.00 X 0 0 0 MICHAEL JINKS GENERAL MANAGER 50.00 X 96543 0 0 RESA GANN SECRETARY 40.00 X 87143 0 0 ZACH HURST PRESIDENT 29.00 X 0 0 0 MARK SCHMISSRAUTER VICE PRESIDENT 14.50 X 0 0 0 TOMMY MARLIN TREASURER 14.50 X 0 0 0 183686 0 0 0 0 0 0 0 MEMBERSHIP AND DUES 812900 442548 442548 FOOD AND BEVERAGE INCOME 722511 356718 356718 PARKING FEES 721000 69241 69241 MEETING ROOM RENTAL 721000 31040 31040 899547 74023 74023 9153358 752272 8401086 8401086 8401086 9374656 904329 69241 8401086 X 183686 334137 49044 137061 18773 30065 12899 25079 266127 2252 42412 31726 32405 22286 TAXES 2166668 FOOD & BEVERAGE 210578 MOVING EXPENSES 46416 PARKING EXPENSE 44075 98191 3753880 69323 158066 4298345 63539 60120 28285 12831 39283 1407 711952 37876 6820 0 2250000 879919 6817238 225268 14972 217118 30000 1384244 19800 2178000 1876430 2192972 X 0 0 0 0 -996511 4624266 -996511 4624266 879919 6817238 X 5620776 1 X 0 0 0 39283 1407 37876 37876 CLUBHOUSE SALE RECEIVABLE 2250000 2250000 EMPLOYEE CHRISTMAS FUND 33000 ACCRUED TAXES PAYABLE 2145000 2178000 PART VI DETAILS OF PROPERTY SALE: PROPERTY SOLD: CLUB HOUSE AND ASSOCIATED LAND LOCATED AT 729 CHESTNUT STREET, CHATTANOOGA, TN 37402 DATE OF SALE: APRIL 1, 2024 PURCHASER: 729 CHESTNUT STREET PROPERTY INVESTMENTS, LLC GROSS SALES PRICE: $9,000,000.00 ORIGINAL COST/BASIS: $5,224,115.00 (LESS ACCUMULATED DEPRECIATION OF $4,485,683.00, PLUS ADJUSTMENTS FOR LIABILITIES REMOVED) GAIN ON SALE: $8,247,727.72 MARK SCHMISSRAUTER PRESIDENT FINANCIAL SUPPORT X 15000 0 0 1 0 HENRY FRANKLIN GOVERNOR FINANCIAL SUPPORT X 15000 0 0 1 0 CLUB HOUSE FACILITY, FIXTURES AND EQUIPMENT, PARKING DECK AND LAND AT 729 CHESTNUT STREET, CHATTANOOGA, TENNESSEE 37402. 2024-04-01 9029600 HAMILTON COUNTY PROPERTY SEARCH RECORD. 990833201 729 CHESTNUT PROPERTY INVESTMENTS LLC 801 BROAD STREET SUITE 300 CHATTANOOGA TN 37402 0 0 0 0 SCHEDULE N, PART II PROPERTY SOLD: CLUB HOUSE, ASSOCIATED LAND AND EQUIPMENT LOCATED AT 729 CHESTNUT STREET, CHATTANOOGA, TN 37402DATE OF SALE: APRIL 1, 2024PURCHASER: 729 CHESTNUT PROPERTY INVESTMENTS, LLCGROSS SALES PRICE: $9,000,000.00ORIGINAL COST/BASIS: $5,224,115.00 (LESS ACCUMULATED DEPRECIATION OF $4,485,683.00, LESS ADJUSTMENTS FOR LIABILITIES REMOVED)GAIN ON SALE: $8,247,727.72MOUNTAIN CITY CLUB ELECTS NONRECOGNITION TREATMENT PER IRC 512(A)(3)(D)OF THE ABOVE GAIN ON THE SALE OF ITS CLUB HOUSE (WHICH WAS USED FOR EXEMPT PURPOSES). THE CLUB INTENDS TO REINVEST THE GAIN WITHIN 3 YEARS FROM THE DATE OF THE SALE IN REPLACEMENT PROPERTY TO BE USED FOR EXEMPT PURPOSES IN ACCORDANCE WITH THE IRC 512(A)(3)(D). FORM 990, PART IV, LINE 32 PROPERTY SOLD: CLUB HOUSE, ASSOCIATED LAND AND EQUIPMENT LOCATED AT 729 CHESTNUT STREET, CHATTANOOGA, TN 37402 DATE OF SALE: APRIL 1, 2024 PURCHASER: 729 CHESTNUT PROPERTY INVESTMENTS, LLC GROSS SALES PRICE: $9,000,000.00 ORIGINAL COST/BASIS: $5,224,115.00 (LESS ACCUMULATED DEPRECIATION OF $4,485,683.00, LESS ADJUSTMENTS FOR LIABILITIES REMOVED) GAIN ON SALE: $8,247,727.72 MOUNTAIN CITY CLUB ELECTS NONRECOGNITION TREATMENT PER IRC 512(A)(3)(D) OF THE ABOVE GAIN ON THE SALE OF ITS CLUB HOUSE (WHICH WAS USED FOR EXEMPT PURPOSES). THE CLUB INTENDS TO REINVEST THE GAIN WITHIN 3 YEARS FROM THE DATE OF THE SALE IN REPLACEMENT PROPERTY TO BE USED FOR EXEMPT PURPOSES IN ACCORDANCE WITH THE IRC 512(A)(3)(D). FORM 990, PART VI, SECTION A, LINE 1A MICHAEL JINKS AND RESA GANN ARE EMPLOYEES OF MOUNTAIN CITY CLUB AND DO NOT HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS APPLY FOR MEMBERSHIP. THEY ARE THEN APPROVED BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GOVERNING BODY AT THE ANNUAL MEETING IN NOVEMBER OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B BOARD OF GOVERNORS ACTIONS ARE APPROVED BY THE MEMBERS AT THE ANNUAL MEETING IN NOVEMBER OF EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD OF GOVERNORS WILL RECEIVE A COPY OF THE 990 FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR 13,721. LICENSES/PERMITS 1,788. SERVICE CONTRACTS 3,264. FORM 990, PART IX, LINE 24E SUPPLIES 34,033. MAINTENANCE/REPAIRS 24,093. BANK & CREDIT CARD FEES 14,663. LINEN/LAUNDRY 11,591. UNIFORMS 6,813. GARBAGE COLLECTION 4,622. MISCELLANEOUS 2,376. FORM 990, PART XI, LINE 9: ROUNDING 1.