2025-01-29T16:01:52-06:00 2024-04-30 381910111 UHY ADVISORS GREAT LAKES INC 27725 STANSBURY BLVD SUITE 210 FARMINGTON HILLS MI 48334 990 2023-05-01 381869183 THE VILLAGE CLUB VILL 2486443450 190 E LONG LAKE ROAD BLOOMFIELD HILLS MI 483042325 JANE BOWMAN TREASURER 2486443450 2025-01-27 1 1 STEVEN KATZMAN P00950685 2483550280 2025-01-27 2023 2025-03-06 01:10:19Z JANE BOWMAN 190 E LONG LAKE ROAD BLOOMFIELD HILLS MI 483042325 3550867 0 X WWW.THEVILLAGECLUB.ORG X 1956 MI TO PROVIDE SERVICES FOR THE ENJOYMENT AND BENEFIT OF THE CLUB MEMBERS 10 10 63 238 -28859 55441 1970 1295 1819427 2089680 31137 61085 -239856 -189766 1612678 1962294 0 0 0 0 744428 709639 0 0 0 1069866 1012992 1814294 1722631 -201616 239663 6213539 6573420 2081291 2167119 4132248 4406301 TO OPERATE EXCLUSIVELY FOR THE PLEASURE OF THE MEMBERS AND THEIR FAMILIES WHILE OFFERING FINE DINING, CULTURAL, EDUCATIONAL, SOCIAL AND PHILANTHROPIC OPPORTUNITIES. 0 0 SOCIAL ACTIVITIES AND EDUCATIONAL CLASSES WHICH ARE PROVIDED FOR THE ENJOYMENT AND BENEFIT OF THE CLUB MEMBERS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 32 0 63 1 1 1 0 0 0 0 24295 232175 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X STAN PENA 2486443450 190 E LONG LAKE ROAD BLOOMFIELD HILLS MI 483042325 X LAURA-LEE KELSEY PRESIDENT 10.00 X X 0 0 0 CHERRIE RITTER SECRETARY 10.00 X X 0 0 0 JOAN PRIMO TREASURER 10.00 X X 0 0 0 JULIA BAUMHART VICE PRESIDENT 10.00 X X 0 0 0 CARY CORNACCHINI DIRECTOR 10.00 X 0 0 0 LAURIE HAROUTUNIAN DIRECTOR 10.00 X 0 0 0 CAROL QUIGLEY DIRECTOR 10.00 X 0 0 0 BECKY MCLENNAN DIRECTOR 10.00 X 0 0 0 STATHY MADIAS DIRECTOR 10.00 X 0 0 0 PAMELA BINGHAM DIRECTOR 10.00 X 0 0 0 STAN PENA GENERAL MANAGER 40.00 X 138627 0 9013 138627 0 9013 1 0 0 0 0 1295 1295 MEMBERSHIP DUES 713910 1607253 1607253 CAPITAL FEES 713910 399326 399326 CLASSES 713910 33830 33830 SOCIAL ACTIVITIES 713910 26271 26271 INITIATION FEES 713910 23000 23000 2089680 33641 33641 15199 11047 4152 4152 4152 308370 280926 27444 27444 27444 873549 1296600 -423051 -328955 -94096 INSURANCE PROCEEDS 713910 114061 114061 BANQUET FEES 713910 64974 64974 MISCELLANEOUS 713910 29674 29674 20424 20424 229133 1962294 1989858 -28859 0 569061 9304 78640 52634 4640 44913 8796 77272 159529 1361 29910 254911 44668 KITCHEN & DINING ROOM E 135848 LANDSCAPING & MAINTENAN 64061 COMMITTEE EXPENSES 47053 REPAIRS & MAINTENANCE 39178 100852 1722631 171576 504525 191467 151819 280196 304336 47059 58804 48155 36152 7729528 3572234 4299369 4157294 1175717 1360490 6213539 6573420 164045 252514 325050 362585 876996 768880 715200 783140 2081291 2167119 X 4132248 4406301 4132248 4406301 6213539 6573420 X 239663 82836 -48446 X 0 1 X 1 0 136000 136000 5765343 2119124 3646219 736166 602231 133935 1092019 850879 241140 4157294 1890 STOCK REDEMPTION LIABILITY 728850 DEFERRED INCOME TAX LIABILITY 52400 783140 X 3332934 82836 82836 3250098 8796 -1296600 -1287804 1962294 3010435 1296600 1296600 1713835 8796 8796 1722631 PART X, LINE 2: THE CLUB HAS ADOPTED THE ASC GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO-STEP PROCESS. A DETERMINATION IS FIRST MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED UPON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULTIMATE SETTLEMENT. AT APRIL 30, 2024 AND 2023, THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,296,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,296,600. FORM 990, PART VI, SECTION A, LINE 6 ALL ACTIVE MEMBERS OWN ONE SHARE OF STOCK IN THE VILLAGE CLUB. FORM 990, PART VI, SECTION A, LINE 7A ALL OFFICERS AND BOARD OF DIRECTORS ARE VOTED ON AND ELECTED BY THE MEMBERS. COMMITTEE CHAIRS ELECTED BY THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 7B ANY PROVISION CONTAINED IN THE VILLAGE CLUB'S BYLAWS MAY BE AMENDED BY A TWO-THIRDS VOTE OF ALL MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE VILLAGE CLUB'S AUDIT COMMITTEE AND EXECUTIVE COMMITTEE HAVE BEEN GIVEN THE RESPONSIBILITY AND AUTHORITY BY THE BOARD TO REVIEW THE RESULTS OF THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS AND THE COMPLETED FORM 990 AND FORM 990-T. FORM 990, PART VI, SECTION B, LINE 12C EACH OF THE VARIOUS COMMITTEE CHAIRS HAS THE RESPONSIBILITY TO REVIEW THE POLICY AND PROCEDURES RELEVANT TO THE COMMITTEE TO ENSURE THE CLUB'S POLICIES AND PROCEDURES WERE ADHERED TO. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL MANAGER'S SALARY IS REVIEWED USING COMPARABILITY DATA AND THEN APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CAPITAL STOCK REDEMPTIONS AND PROCEEDS -48,446. THE VILLAGE CLUB FOUNDATION 190 EAST LONG LAKE ROAD BLOOMFIELD HILLS MI 48304 OFFERING GRANTS TO QUALIFIED NON-PROFIT ORGANIZATIONS IN MICHIGAN MI 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0