2025-01-15T11:51:42-06:00 2024-02-29 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-03-01 360848930 BRYN MAWR COUNTRY CLUB BRYN 8476762660 6600 N CRAWFORD AVE LINCOLNWOOD IL 60712 BRAD GERBER TREASURER 8476762660 2025-01-14 1 0 CHRISTOPHER CECIL P01877773 5616971785 2025-01-14 2023 2024-10-15 13:58:12Z DAVID LEVIN 6600 N CRAWFORD AVE LINCOLNWOOD IL 60712 8932786 0 X WWW.BRYNMAWRCOUNTRYCLUB.COM X 1919 IL PRIVATE COUNTRY CLUB AND GOLF COURSE. 15 15 253 15 142425 0 0 0 5889285 6503434 18700 0 908654 1106372 6816639 7609806 0 0 0 0 4564469 5234897 0 0 0 3223167 4044327 7787636 9279224 -970997 -1669418 19835461 22357367 3426374 5026828 16409087 17330539 NONE 0 0 PRIVATE COUNTRY CLUB AND GOLF COURSE. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 253 1 1 1 0 0 0 0 291825 290793 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 X SARAH DONOVAN 8476762660 6600 N CRAWFORD AVE LINCOLNWOOD IL 60712 DAVID LEVIN PRESIDENT 3.00 X X 0 0 0 RICHARD GERTLER VICE PRESIDENT 3.00 X X 0 0 0 BRAD GERBER TREASURER 3.00 X X 0 0 0 PAM NETZKY SECRETARY 3.00 X X 0 0 0 MATTHEW COHEN DIRECTOR 0.25 X 0 0 0 BRIAN GOLDBERG DIRECTOR 0.25 X 0 0 0 BARRY HARTSTEIN DIRECTOR 0.25 X 0 0 0 SCOTT INBINDER DIRECTOR 0.25 X 0 0 0 STEVEN KOREY DIRECTOR 0.25 X 0 0 0 JEFF MAHLER DIRECTOR 0.25 X 0 0 0 JONATHAN MEREL DIRECTOR 0.25 X 0 0 0 JASON OLT DIRECTOR 0.25 X 0 0 0 RUSSELL BRENNER DIRECTOR 0.25 X 0 0 0 BRAD WISS DIRECTOR 0.25 X 0 0 0 MARCY ZOLLER DIRECTOR 0.25 X 0 0 0 CHARLES SMITH GENERAL MANAGER 40.00 X 202953 0 21889 RICHARD SCARLATA CHIEF FINANCIAL OFFICER 40.00 X 173184 0 0 BRIAN BOSSERT GROUNDS SUPERINTENDENT 40.00 X 207561 0 32424 SCOTT BAINES DIRECTOR OF GOLF 40.00 X 134135 0 0 CHARLES LEBAR EXECUTIVE CHEF 40.00 X 117121 0 18335 834954 0 72648 5 0 1 0 0 MEMBERSHIP FEES 713910 5472259 5472259 GOLF & TENNIS FEES 713910 1031175 1031175 6503434 2224077 1322980 901097 758672 142425 ADMISSION NOTE INTEREST 713910 205275 205275 205275 7609806 7467381 142425 0 4546495 177618 510784 317466 1244698 144648 SUPPLIES & UNIFORM 801422 ENTERTAINMENT 335562 TRAINING, MEETINGS AND 276247 REAL ESTATE TAXES 265882 658402 9279224 598803 292807 247713 288690 264409 325823 218715 250559 35251651 14131938 18383110 21119713 122711 79775 19835461 22357367 718501 910062 2583333 1583333 124540 2533433 3426374 5026828 X 0 0 0 0 16409087 17330539 16409087 17330539 19835461 22357367 X -1669418 2590870 X 0 1 X 1 0 1 1 19849717 7410795 12438922 11346647 5904151 5442496 4055286 816992 3238294 21119713 OPERATING LEASE LIABILITY 83433 BORROWINGS UNDER LINE OF CREDIT 2450000 2533433 X 8932786 1322980 1322980 7609806 0 7609806 10602204 1322980 1322980 9279224 0 9279224 PART X, LINE 2: THE CLUB IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(7) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. ACCORDINGLY, NO PROVISION FOR SUCH TAXES HAS BEEN RECOGNIZED IN THESE FINANCIAL STATEMENTS. THE CLUB FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CLUB MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE CLUB AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THE CLUB HAS REVIEWED THE TAX POSITIONS FOR THE OPEN TAX YEARS (CURRENT AND PRIOR THREE TAX YEARS) AND HAS CONCLUDED THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE FINANCIAL STATEMENTS. AT FEBRUARY 28, 2023, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,322,980. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,322,980. X 0 0 0 BRIAN BOSSERT GROUNDS SUPERINTENDENT 202061 0 5500 0 0 0 0 0 32424 0 239985 0 0 0 CHARLES SMITH GENERAL MANAGER 190453 0 12500 0 0 0 0 0 21889 0 224842 0 0 0 RICHARD SCARLATA CHIEF FINANCIAL OFFICER 162684 0 10500 0 0 0 0 0 0 0 173184 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 BRYN MAWR COUNTRY CLUB IS COMPRISED OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE ELIGIBLE TO VOTE BY PROXY TO FILL VACANCIES ON THE BOARD, EITHER AS VACANCIES ARISE OR AS BOARD MEMBERS' TERMS EXPIRE. FORM 990, PART VI, SECTION A, LINE 7B ALL MEMBERS ARE ELIGIBLE TO VOTE BY PROXY TO APPROVE DECISIONS OF THE BOARD OF DIRECTORS AND TO APPROVE THE BOARD'S TERM. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT, TREASURER, GENERAL MANAGER AND CHIEF FINANCIAL OFFICER REVIEW FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT APPROVES KEY EMPLOYEE COMPENSATION AND SUBMITS TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: ADMISSION FEES, CURRENT YEAR 461,000. ISSUANCE OF MEMBER NOTES RECEIVABLES-CURRENT YEAR ADMISSIONS -461,000. COLLECTIONS ON MEMBERS NOTE RECEIVABLE - ADMISSION FEES, NET 593,000. COLLECTIONS ON SPECIAL ASSESSMENTS, NET 1,997,870. SPECIAL ASSESSMENTS, CURRENT YEAR 1,580,829. ISSUANCE OF MEMBER NOTES RECEIVABLE-SPECIAL ASSESSMENTS -1,580,829.