2025-02-07T09:18:53-06:00 2024-09-30 560587953 GILLIAM BELL MOSER LLP POST OFFICE BOX 621 BURLINGTON NC 272160621 990 2023-10-01 237221475 THE OLDE FOREST RACQUET CLUB INC OLDE 3364497121 200 PINEDALE DRIVE ELON NC 27244 KENNY WINTER TREASURER 3364497121 2025-02-05 1 0 GLENN S VAN FLEET P00810433 3362276283 2025-02-04 2023 2025-03-06 01:10:19Z ALISON UPTON 200 PINEDALE DRIVE ELON NC 27244 892036 0 X WWW.OLDEFOREST.COM X 1972 NC TO PROVIDE RECREATIONAL ACTIVITIES FOR MEMBERS AND THEIR GUESTS. 9 9 75 70 36299 13879 736876 764354 133917 112804 12324 13546 0 0 883117 890704 0 0 0 0 404847 408253 0 0 0 369897 371975 774744 780228 108373 110476 1312685 1330375 563019 473022 749666 857353 TO PROVIDE RECREATIONAL ACTIVITIES FOR MEMBERS AND THEIR GUESTS. 0 0 TENNIS & SWIMMING RECREATIONAL ACTIVITIES FOR MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 75 1 1 1 0 0 0 0 66000 21421 0 0 0 X 9 9 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 X CARLA PIERCE 3364497121 200 PINEDALE DRIVE ELON NC 27244 X ALISON UPTON PRESIDENT 1.00 X X 0 0 0 SHANNON MARSHALL-HUGHES VICE PRESIDENT 1.00 X X 0 0 0 KENNY WINTER TREASURER 1.00 X X 0 0 0 WOODY PELTON DIRECTOR 1.00 X 0 0 0 JULIE MCPHERSON DIRECTOR 1.00 X 0 0 0 ROBERT DOVE DIRECTOR 1.00 X 0 0 0 PAUL TAPLER SECRETARY 1.00 X X 0 0 0 DIANE SMITH DIRECTOR 1.00 X 0 0 0 NELLIE ANGYAL DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 764354 764354 WALK-ON COURT FEES - M 713940 24173 24173 WALK-ON COURT FEES - N 713940 17003 17003 OTHER REVENUES 713940 13376 13376 INDOOR COURT SLOT - ME 713940 11402 11402 SOCIALS - OTHER 713940 8660 8660 38190 33772 4418 112804 14878 14878 1332 -1332 -1332 -1332 890704 90051 36299 0 377864 30389 7350 4873 7805 152011 16620 71833 30585 INCOME TAX EXPENSE 3531 TAXES - PROPERTY & OTHE 20618 SOCIAL EXPENSES 13413 SWIM/DIVE TEAM EXPENSE 8902 34434 780228 31235 24402 357522 252399 7285 7258 10341 13527 2721403 1688614 906302 1032789 1312685 1330375 32292 28752 59710 41372 471017 402436 462 563019 473022 X 749666 857353 749666 857353 1312685 1330375 X 110476 -2789 X 1 X 0 0 0 55006 55006 1378279 836633 541646 165662 122084 43578 1122456 729897 392559 1032789 462 462 FORM 990, SCHEDULE D, PART X THE CLUB RECORDS REVENUE FOR INVESTMENT INCOME, INTEREST INCOME AND NET INCOME FROM NON-MEMBER SERVICES. THIS REVENUE IS CONSIDERED UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023, THE CLUB WAS LIABLE FOR FEDERAL INCOME TAX OF $2,914 AND $2,789, RESPECTIVELY. THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE CLUB IS NOT A PRIVATE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB PROVIDES ACTIVITIES TO DUES PAYING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST TO MEMBERS BUT NOT TO THE GENERAL PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST TO MEMBERS BUT NOT TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: ACCRUED UBTI TAXES -2,789. FORM 990, PART XI, LINE 9 THE CLUB RECORDS REVENUE FOR INVESTMENT INCOME, INTEREST INCOME AND NET INCOME FROM NON-MEMBER SERVICES. THIS REVENUE IS CONSIDERED UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023, THE CLUB WAS LIABLE FOR FEDERAL INCOME TAX OF $2,914 AND $2,789, RESPECTIVELY. THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE CLUB IS NOT A PRIVATE FOUNDATION. FEDERAL INCOME TAX WAS NOT ACCRUED FOR YEAR ENDED SEPTEMBER 30, 2023. NET ASSETS WERE ADJUSTED TO AGREE TO FINANCIAL STATEMENTS. INCOME TAX WAS ACCRUED FOR YEAR END SEPTEMBER 30, 2024 AND WILL BE FOR FUTURE YEARS AS APPLICABLE.