2025-03-17T15:02:55-05:00 2024-04-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-05-01 850829370 HERMITAGE MEMBERS CLUB INC HERM 8022754225 10 GATEHOUSE TRAIL WILMINGTON VT 05363 MATT CARTER EXECUTIVE DIRECTOR 8022754225 2025-03-17 1 1 KERRI RAWCLIFFE P01398485 4016216200 2025-03-17 2023 2025-03-06 01:10:19Z WILLIAM BENNEYAN 10 GATEHOUSE TRAIL WILMINGTON VT 05363 14298555 0 X WWW.HERMITAGECLUB.COM X 2019 VT THE HERMITAGE CLUB AT HAYSTACK MOUNTAIN IS A PRIVATE MOUNTAIN CLUB OFFERING WINTER SPORTS RECREATION WITH EXCEPTIONAL SNOW QUALITY AND UNCROWDED SKI SLOPES, WITH A COMMITMENT TO FISCAL RESPONSIBILITY. WE ARE FAMILY-FOCUSED, AND FOSTER A WARM AND INVITING COMMUNITY WHERE OUR MEMBERS DEVELOP LASTING FRIENDSHIPS THROUGH A SHARED ENJOYMENT OF OUR ICONIC SKI LODGE, BEAUTIFUL MOUNTAIN TERRAIN, AND QUALITY AMENITIES. 10 10 373 75 554017 371925 681510 0 11241507 12369456 749540 407201 -491598 -418316 12180959 12358341 0 0 0 0 1780159 2328060 0 0 0 6152536 7115267 7932695 9443327 4248264 2915014 21315373 23884888 2378591 2293540 18936782 21591348 HERMITAGE MEMBERS CLUB, INC., A VERMONT NON-PROFIT CORPORATION, IS ORGANIZED FOR THE PURPOSE OF OPERATING AS A PRIVATE SOCIAL CLUB FOR THE RECREATIONAL AND SOCIAL BENEFITS OF ITS MEMBERS. 0 0 SNOW SPORTS - TO PROVIDE MEMBERS WITH A MULTITUDE OF RECREATIONAL OUTDOOR ACTIVITIES ON OUR PRIVATE 1,400 ACRE RETREAT. FOOD AND BEVERAGE OPERATIONS - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 373 1 1 1 0 0 0 0 2249999 266284 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X MATT CARTER 8022754225 183 GATEHOUSE TRAIL WILMINGTON VT 05363 X CHRIS MILLIGAN DIRECTOR 5.00 X 0 0 0 LISA PACHECO ROBB DIRECTOR 5.00 X 0 0 0 LORI MCHUGH DIRECTOR 5.00 X 0 0 0 JEREMY PICINNI DIRECTOR 5.00 X 0 0 0 CHRIS CROFT BOARD EMERITUS 5.00 X 0 0 0 JEFF KOSLOWSKY DIRECTOR 5.00 X 0 0 0 STUART KOVENSKY PRESIDENT 15.00 X 0 0 0 MEGAN HODGSON VICE PRESIDENT 5.00 X 0 0 0 TIM DONAHUE TREASURER 5.00 X 0 0 0 TIM TREANOR SECRETARY 5.00 X 0 0 0 WILLIAM BENNEYAN EXECUTIVE DIRECTOR /GM 60.00 X 281538 0 0 AARON SHERRITT DIRECTOR OF MOUNTAIN OPERATIONS 60.00 X 123596 0 0 405134 0 0 2 0 1 0 ROYAL ELECTRIC 33 CENTRAL STREET WOODSVILLE NH 03785 ELECTRICAL - BOOSTER PUMP STATION 192767 CHARLIE WALDRON 25 STONEBROOK ROAD WILMINGTON VT 05363 EMPLOYEE HOUSING 169644 PLIMPTON EXCAVATING PO BOX 65 WARDSBORO VT 05355 CONSTRUCTION - FOUNDATION WORK 168318 UNITED PARKING PO BOX 6528 PROVIDENCE RI 029406528 VALET PARKING 163200 COLDFLAME MECHANICAL PO BOX 365 MARLBORO VT 05344 POOL AND DEHUMIDIFIER REPAIRS 150154 5 MEMBERSHIP DUES AND ASSESSMENTS 713990 7544917 7544917 INITIATION FEES 713990 2249999 2249999 SKI SCHOOL 713990 991894 987785 4109 MEMBER SERVICES & ACTIVITIES 713990 376375 376375 FACILITY OPERATIONS 713990 284810 284810 921461 859795 61666 12369456 424558 424558 500 17857 -17357 -17357 -17357 1403476 1922357 -518881 -582565 63684 INSURANCE PROCEEDS 713990 83101 83101 MISCELLANEOUS REVENUE 713990 17464 17464 100565 12358341 11804324 554017 0 X 285000 1673970 369090 125767 22122 37650 6360 16387 23585 1400788 43718 1118014 330970 FULL TIME/YEAR ROUND 1415256 REPAIRS & MAINTENANCE 599573 MEALS AND ENTERTAINMENT 194516 INCOME TAX 178630 1601931 9443327 9691109 5467936 3797 3666 427011 845615 217037 229770 22032 32469 15891070 3074140 10834578 12816930 4144801 119809 343701 21315373 23884888 241675 325657 816250 819750 1320666 1148133 2378591 2293540 X 18936782 21591348 18936782 21591348 21315373 23884888 X 2915014 39552 -300000 X X 0 1 X 1 0 727616 727616 5179532 483195 4696337 3528431 1284105 2244326 6455491 1306840 5148651 12816930 CBFD BOND 750000 CURRENT PORTION OF BONDS PAYABLE 75000 LONG TERM GLEBE LIABILITY 318396 SHORT TERM GLEBE LIABILITY 4737 1148133 X 14320250 39552 1922357 1961909 12358341 0 12358341 11365684 1922357 1922357 9443327 0 9443327 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,922,357. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,922,357. X X X X 0 0 0 WILLIAM BENNEYAN EXECUTIVE DIRECTOR /GM 281538 0 0 0 0 0 0 0 0 0 281538 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB'S MEMBERSHIP IS COMPRISED OF THREE CLASSES: FOUNDER MEMBERS, JUNIOR MEMBERS, AND PLATINUM MEMBERS. MEMBERS WHO JOINED THE CLUB BY EXCHANGING ONE SHARE OF HERMITAGE CLUB MEMBER GROUP, INC. FOR THEIR MEMBERSHIP ARE DESIGNATED AS FOUNDER MEMBERS. ALL MEMBERS WHO JOIN AFTER APRIL 17, 2020 ARE DESIGNATED PLATINUM MEMBERS. THE JUNIOR MEMBERS WILL EVENTUALLY CONVERT TO PLATINUM MEMBERS BUT IS ESSENTIALLY FOR AGED OUT CHILDREN OF MEMBERS WHO WANT TO JOIN. PRO-RATED DUES AND INITIATION FEES WILL BE SPREAD OUT UNTIL THE MEMBER TURNS 32 AND THEN WILL CONVERT TO PLATINUM. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS HOLD THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. EACH MEMBER IN GOOD STANDING SHALL HAVE ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS ARE VOTED ON BY THE MEMBERS OF THE CLUB SUCH AS CAPITAL EXPENDITURES, SALE OF ASSETS, AND ELECTION OF BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR WILL REVIEW THE FORM 990 IN ITS ENTIRETY PRIOR TO ITS FILING AND ADVISE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB HAS A CONFLICT OF INTEREST POLICY THAT IS COMPLETED BY THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE REVIEWS THE SALARIES OF ALL FULL-TIME YEAR-ROUND EMPLOYEES INCLUDING THE CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S 990, FINANCIAL STATEMENTS & OTHER DOCUMENTS ARE AVAILABLE FOR REVIEW BY MEMBERS UPON REQUEST. FORM 990, PART IX, LINE 24E SUPPLIES 170,904. VALET 160,200. EVENTS 150,098. COMPUTER EXPENSE 140,056. CONTRACT SERVICES 135,354. EMPLOYEE RECOGNITION 109,642. RETAIL COGS 106,793. DUES & SUBSCRIPTIONS 82,556. EQUIPMENT FUEL 74,461. HOUSING EXPENSE 67,307. TRAINING/PROFESSIONAL DEVELOPMENT 62,188. CLEANING 57,090. RENTALS 52,067. UNIFORMS 41,101. MISCELLANEOUS 33,249. CHARITABLE DONATIONS 28,400. PAYROLL FEES 26,111. TRASH REMOVAL 23,161. LICENSES & PERMITS 19,909. CONSULTING FEES 18,893. OTHER SKI OPERATION EXPENSES 18,087. LANDSCAPING 9,470. TRAVEL 8,818. POSTAGE & SHIPPING 3,584. BANK CHARGES 2,197. FITNESS CLASSES 224. MARKETING 11. FORM 990, PART XI, LINE 9: ISSUED 173 SHARES OF COMMON STOCK -250,000. CONTRIBUTED CAPITAL -50,000. PART XII, LINE 2C EXPLANATION THE CLUB DID NOT CHANGE ITS OVERSIGHT PROCESS FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 14 THE CLUB DOES NOT, AT THIS TIME, HAVE A FORMAL DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE. THEY ARE IN THE PROCESS OF DEVELOPING SUCH POLICIES.