2025-10-20T10:58:35+00:00 2024-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2024-01-01 561379343 Elk River Club ELKR 8288989773 1000 Clubhouse Drive Banner Elk NC 28604 Toni Littleton Assistant Secretary 8288989773 2025-10-20 true Amy Bibby P00445891 8282542254 2025-10-20 2024 2025-03-06 01:10:19Z MARK WRIGHT 1000 Clubhouse Drive Banner Elk NC 28604 12209439 false X ELKRIVERCLUBNC.COM X 1982 NC Private social club operating for the recreational and social purposes of its members. 9 9 126 58 257656 174569 0 0 9854215 10086961 63553 -2605592 131760 1590183 10049528 9071552 2396 1608 0 0 4085372 4250922 0 0 0 4103326 4606387 8191094 8858917 1858434 212635 26442104 26257406 3383777 2937316 23058327 23320090 Social club providing recreational facilities including golf, tennis, equestrian, swimming, fitness, dining, and social activities. false false Operation of clubhouse, dining room, equestrian center, spa, and lounge for the benefit of its members. Operation of golf course for the benefit of its members. Operation of tennis facility and pool for the benefit of its members. 0 false false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 53 0 true 126 true true true false false false false 2850895 254349 false false false X 9 9 false false false false true true true true true false false false true true true true true true true true false false NC X Toni Littleton 8288989773 1000 Clubhouse Drive Banner Elk NC 28604 John CB Smith Vice President 8.0 X X 0 0 0 Mark Wright President 10.0 X X 0 0 0 Robert Harris Treasurer 1.5 X X 0 0 0 Robert Hawthorne Secretary 2.0 X X 0 0 0 Christine Brown Director 1.0 X 0 0 0 Greg Boehling Director 10.0 X 0 0 0 Grey Winfield Director 1.5 X 0 0 0 James Plettner Director 1.0 X 0 0 0 STEVE HARVILLE Director 2.0 X 0 0 0 Toni Littleton General Manager/CFO 60.0 X 248780 0 8306 Dave Ambrose Director of Golf 50.0 X 170221 0 6487 Joshua Smith Golf Couse Superintendent 50.0 X 163140 0 5949 ALEXANDRA BURRIS FITNESS DIRECTOR 50.0 X 128084 0 4349 I WAYAN SUTRIASA EXECUTIVE CHEF 50.0 X 125195 0 4952 835420 0 30043 5 false true false M&M Construction P O Box 695 Banner Elk NC 28604 Hurricane Cleanup/Repairs 749904 Triple H Services P O Box 639 Newland NC 28657 Contract labor for golf course 556313 Turf Drainage of FL 9401 SW Hopwood Ave Indiantown FL 34956 Golf Course Drainage/Hurricane Cleanup 549367 Green Tee Golf 28001 Washington Rd Suite 107 Bo Augusta GA 30909 Course Cleanup/Construciton 333145 Belfor USA 116 Majestic Way Ct Kernersville NC 27284 Hurricane Cleanup 150000 6 0 Membership Dues/Fees 713910 7402006 7402006 Dining Room Sales 713910 1753777 1714720 39057 Golf Operations 713910 452458 415404 37054 Equestrian Operations 713910 190783 190783 Tournaments 713910 136271 136271 151666 151666 0 0 10086961 181545 181545 25946 0 25946 25946 25946 2787137 0 -2787137 -2787137 -2787137 0 456364 350750 105614 105614 Insurance reimbursements 900099 1458623 1458623 0 0 0 0 1458623 9071552 8813896 257656 0 1608 582141 2906960 78398 412714 270709 7250 47242 10073 45202 304068 835472 46321 54049 1277258 159793 Natural Disasters 632507 Food & Beverage Costs 432687 Golf & Member Expenses 336440 Landscaping Maintenance 222372 195653 8858917 1869356 2897166 4276453 3601126 0 0 167056 128829 0 0 0 0 310676 315181 266842 196083 30749963 13109765 19490325 17640198 0 0 61396 1478823 26442104 26257406 893713 473535 1073299 1265533 0 0 1363441 890000 53324 308248 3383777 2937316 X 20786827 21048590 2271500 2271500 23058327 23320090 26442104 26257406 212635 49128 0 X false true true false 3690481 3690481 22170739 10741269 11429470 3031199 1468554 1562645 1857544 899942 957602 17640198 Deposits 11975 Right-of-use assets, operating leases 308225 Insurance proceeds receivable 1158623 1478823 Federal Income Taxes Operating Lease Liabilities 308248 308248 X 8312807 49128 0 49128 8263679 -350750 -350750 7912929 9209667 350750 350750 8858917 0 0 8858917 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The club is classified as an organization exempt from income tax under Section 501(c)(7) of the Internal Revenue Code ("IRC"). In accordance with IRC regulations, the club is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the club. The club accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the club believes they have a greater then 50% likelihood of being sustained upon examination by taxing authorities. The club has evaluated all its tax positions and determined it had no material uncertain income tax positions as of December 31, 2024 or 2023. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Cost of Inventory Sales Shown Net of Revenue - -350750 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of Inventory Sales Shown Net of Revenue - 350750 X X X false false false Toni Littleton General Manager/CFO 210013 0 36782 0 1985 0 8306 0 0 0 257086 0 0 0 Dave Ambrose Director of Golf 146399 0 2127 0 21695 0 6487 0 0 0 176708 0 0 0 Joshua Smith Golf Couse Superintendent 146785 0 14370 0 1985 0 5949 0 0 0 169089 0 0 0 Schedule J, Part I, Line 3 Approval by club president for GM pay; approval of board through budget for others. Form 990, Part VI, Line 6 Classes of members or stockholders Voting members: Regular golf, founder golf, chapter golf, reserve golf, regular, and charter non-golf (except on golf related items). Non-voting members: Executive, non-resident, associate, social, and honorary. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Each founder member, charter member, reserve member, regular golf member, and regular non-golf member shall have the right to cast one vote for as many persons as there are directors to be elected. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Certain decisions by the board of directors may be subject to overall member approval, as determined in the organization's by-laws. These decisions include by-law revisions as well as assessments and capital spending in excess of $1,250,000. Form 990, Part VI, Line 11b Review of form 990 by governing body A review of the Form 990 was undertaken by the organization's general manager prior to the filing of the tax return. A copy of the Form 990 was presented to the board of directors prior to filing the tax return. Form 990, Part VI, Line 12c Conflict of interest policy Determination of whether a conflict of interest exists will be made by the board. Each officer and director will recuse himself/herself from any discussion and vote for which a potential conflict of interest exists during the year. In addition, any possible contractual arrangement between the club and any member of the club is required to be approved by the board. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation of the general manager and key employees has been independently approved by the board. The board's approval of compensation is documented in the meeting minutes. The compensation is based upon the compensation paid to the general manager and key employees of clubs comparable in size in the approximate geographic area. Annual increases consist of a standard cost of living adjustment and are approved by the board as part of the annual budget process. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of the general manager and key employees has been independently approved by the board. The board's approval of compensation is documented in the meeting minutes. The compensation is based upon the compensation paid to the general manager and key employees of clubs comparable in size in the approximate geographic area. Annual increases consist of a standard cost of living adjustment and are approved by the board as part of the annual budget process. Form 990, Part VI, Line 19 Required documents available to the public Financial statements are available upon request to the public. Form 990, Part VIII, Line 2f Other Program Service Revenue All Other Program Service Revenue - Total Revenue: 151666, Related or Exempt Function Revenue: 151666, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990,Part VI, Section A, Line 1A: Non-golf members do not vote on golf related items.