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        <EOYAmt>1321122</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>2612896</BOYAmt>
        <EOYAmt>2818298</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>278345</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>true</AccountantCompileOrReviewInd>
      <AcctCompileOrReviewBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </AcctCompileOrReviewBasisGrp>
      <FSAuditedInd>false</FSAuditedInd>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc3">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>532276</OtherCostOrOtherBasisAmt>
        <BookValueAmt>532276</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>2845864</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1784767</DepreciationAmt>
        <BookValueAmt>1061097</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>1241645</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1011688</DepreciationAmt>
        <BookValueAmt>229957</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>1455468</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1305454</DepreciationAmt>
        <BookValueAmt>150014</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>1973344</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>MEMBERSHIP REDEMPTION PAYABLE</Desc>
        <Amt>901904</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>NOTES PAYABLE - FF&amp;M BANK</Desc>
        <Amt>474934</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>1376838</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRESIDENT APPOINTS A NOMINATIONS COMMETTEE ON AN ANNUAL BASIS. THE COMMITTEE IS RESPONSIBLE FOR FORMULATING A LIST OF NOMINEES FOR MEMBERSHIP ON THE BOARD OF DIRECTORS. THE NOMINATIONS COMMITTEE IS CONPRISED OF AT LEAST FIVE REGULAR CLASS A MEMBERS, ONLY ONE OF WHOM MAY BE AN OFFICER OR DIRECTOR OF THE CLUB. THE LIST OF NOMINEES ARE VOTED ON AT THE ANNUAL MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ANNUAL MEETING OF THE GRAYMERE CLUB IS HELD ON THE THIRD MONDAY OF EACH JANUARY. AT THIS MEETING, THE CLASS A MEMBERS SHALL ELECT DIRECTORS TO SERVE FOR THE ENSUING THREE YEARS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO FILING. THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS AND SIGNS THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>NO DOCUMENTS AVAILABLE TO THE PUBLIC</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>BANK FEES 0 8,233 0 CABLE EXPENSE 0 2,572 0 DUES &amp; SUBSCRIPTIONS 0 435 0 FOOD &amp; BAR COSTS 222,346 0 0 GAS &amp; OIL 19,880 0 0 INSURANCE 0 46,144 0 INTEREST EXPENSE 3,101 20,158 0 MISCELLANEOUS 0 456 0 OFFICE SUPPLIES 0 6,725 0 POSTAGE 0 2,084 0 PROMOTION EXPENSE 0 1,722 0 PROPERTY TAXES 0 34,233 0 REPAIRS &amp; RENTAL 146,255 30,395 0 SECURITY EXPENSE 0 1,718 0 SUPPLIES &amp; MERCHANDISE 91,343 0 0 TAXES &amp; LICENSES 46,802 7,720 0 UNIFORM &amp; LAUNDRY 17,401 0 0 UTILITIES &amp; TELEPHONE 99,345 4,744 0 TOTAL 646,473 167,339 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>