2025-02-14T11:32:34-06:00 2024-03-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 2 BETHESDA METRO CENTER SUITE 540 BETHESDA MD 20814 990 2023-04-01 520749785 CHARTWELL MEMBERSHIP INC CHAR 4109870400 1 CHARTWELL DRIVE SEVERNA PARK MD 21146 RICHARD MARR GENERAL MANAGER 4109870400 2025-02-14 1 1 KERRI RAWCLIFFE P01398485 3016523464 2025-02-14 2023 2025-03-06 01:10:19Z CHARTWELL GOLF & COUNTRY CLUB RICHARD MARR 1 CHARTWELL DRIVE SEVERNA PARK MD 21146 11921105 0 X WWW.CHARTWELLGCC.COM X 1962 MD SOCIAL AND RECREATION CLUB 9 9 254 50 318868 156552 0 0 7675146 8235309 -485168 181925 -219920 -496935 6970058 7920299 0 0 0 0 2871224 3117585 0 0 0 3490072 3254703 6361296 6372288 608762 1548011 14979599 16068500 4296252 3837142 10683347 12231358 SOCIAL AND RECREATION CLUB 0 0 THE COMPANY OPERATES AS A COUNTRY CLUB TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES TO ITS 750+ MEMBERS SUCH AS GOLF, SWIMMING, TENNIS AND DINING FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 62 0 1 254 1 1 1 0 0 0 0 443688 177955 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X REBECCA SHOWALTER 4109870400 1 CHARTWELL DRIVE SEVERNA PARK MD 21146 X DON HUBER PRESIDENT 2.00 X X 0 0 0 JULIE RIDDLE VICE PRESIDENT 2.00 X X 0 0 0 DAVID KATZ SECRETARY 2.00 X X 0 0 0 ROBERT BROSEKER TREASURER 2.00 X X 0 0 0 JOEL THORNE DIRECTOR 2.00 X 0 0 0 RICHARD MCFEELY DIRECTOR 2.00 X 0 0 0 JAY DIXON DIRECTOR 2.00 X 0 0 0 KELLY O'DONNEL DIRECTOR 2.00 X 0 0 0 KIRSTEN SHAFFER DIRECTOR 2.00 X 0 0 0 MATTHEW L EARHART GREENS SUPERINTENDENT 40.00 X 172121 0 0 ROBERT A AGRESTI GOLF PROFESSIONAL 40.00 X 181049 0 0 RICHARD MARR GENERAL MANAGER 40.00 X 282219 0 0 ERICK J DORN FACILITIES MANAGER 40.00 X 128123 0 0 REBECCA J ENDRES MEMBERSHIP DIRECTOR 40.00 X 109561 0 0 REBECCA GARDNER SHOWALTER CONTROLLER 40.00 X 116381 0 0 MICHAEL J THOMAS DIRECTOR OF TENNIS & WELLNESS 40.00 X 138131 0 0 MICHAEL J THOMAS GOLF PROFESSIONAL 40.00 X 122777 0 0 1250362 0 0 8 0 1 0 0 MEMBERSHIP DUES 713910 6074820 6074820 GOLF INCOME 713910 1246674 1191167 55507 INITIATION FEES 713910 443688 443688 TENNIS INCOME 713910 248084 248084 LATE FEES 713910 88788 88788 133255 133255 8235309 181925 181925 3432189 4000806 -568617 -578371 9754 MISCELLANEOUS INCOME 713910 60780 60780 SWAP INCOME 713910 10902 10902 71682 7920299 7601431 318868 0 X 635390 2045767 58570 158822 219036 100077 719491 FEDERAL INCOME TAX 49765 GOLF EXPENSES 431086 COURSE EXPENSES 291414 UTILITIES 287772 1375098 6372288 1221622 1276279 2055944 2595983 453338 532170 88787 81134 240305 301412 24292799 14540599 10352643 9752200 61273 86564 505687 1442758 14979599 16068500 423566 533301 31163 22073 3819523 3260768 22000 21000 4296252 3837142 X 10683347 12231358 10683347 12231358 14979599 16068500 1548011 0 X X 0 1 X 1 0 389221 389221 19116780 11548416 7568364 4750996 2956381 1794615 35802 35802 0 9752200 OTHER CURRENT ASSETS 1353286 INTEREST RATE SWAP AGREEMENT 89472 1442758 BONDS PAYABLE 21000 21000 X 11921105 4000806 4000806 7920299 0 7920299 10373094 4000806 4000806 6372288 0 6372288 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(7) OF THE IRC BUT IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME AS DEFINED BY THE IRC. THE PROVISIONS FOR INCOME TAX EXPENSE RECORDED IN THE FINANCIAL STATEMENTS FOR THE YEARS ENDED MARCH 31, 2024 AND 2023 ARE $49,765 AND $10,462, RESPECTIVELY. AS OF MARCH 31, 2024 AND 2023 THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR 2021. THERE ARE CURRENTLY NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - FOOD AND BEVERAGE 4,000,806. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - FOOD AND BEVERAGE 4,000,806. X 1 1 X 0 0 0 RICHARD MARR GENERAL MANAGER 282219 0 0 0 0 0 0 0 0 0 282219 0 0 0 ROBERT A AGRESTI GOLF PROFESSIONAL 181049 0 0 0 0 0 0 0 0 0 181049 0 0 0 MATTHEW L EARHART GREENS SUPERINTENDENT 172121 0 0 0 0 0 0 0 0 0 172121 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS ORGANIZED WITH MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CLUB VOTE THE GOVERNING BODY EACH TERM. FORM 990, PART VI, SECTION A, LINE 7B ANY UNUSUAL CHANGES TO DEBT OR MAJOR CONSTRUCTION PROJECTS ARE USUALLY VOTED ON BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY AN OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY ANDIT IS REVIEWED AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY AND COMPENSATION OF THE GENERAL MANAGER IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. THE COMPENSATION IS BASED ON PERFORMANCE AS WELL AS COMPARISON TO COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS.THE SALARY AND COMPENSATION OF OTHER KEY EMPLOYEES IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. THE COMPENSATION IS BASED ON PERFORMANCE AS WELL AS COMPARISON TO COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THEY ARE AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 24E R&M - GOLF COURSE 142,555. GENERAL & ADMIN MISC 117,770. R&M - CLUBHOUSE 111,751. PROFESSIONAL FEES 89,934. INSURANCE 85,093. FITNESS CENTER 71,995. REAL ESTATE TAXES 69,453. R&M - TENNIS 63,286. COMMITTEE EXPENSE 60,499. SUPPLIES - CLUBHOUSE 51,656. CLEANING 48,554. PERSONAL PROPERTY TAXES 42,464. FUEL EXPENSE 41,836. CONFERENCES & MEETINGS 41,217. SWIMMING EXPENSES 36,906. DUES & SUBSCRIPTIONS 35,167. BANK SERVICE CHARGES 33,029. SUPPLIES - GOLF COURSE 28,137. TELEPHONE 25,119. TRASH REMOVAL 23,041. R&M - G&A 19,245. PRINTING 15,701. UNIFORM EXPENSE 14,945. SUPPLIES - GOLF OPS 14,930. HOUSE EXPENSES 14,640. AMORTIZATION 12,488. SUPPLIES - TENNIS 12,319. POSTAGE & SHIPPING 10,922. SUPPLIES - G&A 10,574. ADVERTISING 9,270. MISCELLANEOUS EXPENSE 7,090. R&M - GOLF OPS 6,457. TENNIS EXPENSES 3,493. R&M - SWIMMING 1,686. R&M - FITNESS 1,274. SUPPLIES - SWIMMING 602. PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS HAS DIRECT OVERSIGHT AND RESPONSILBILITY FOR THE SELECTION OF ITS OUTSIDE CPA, AS WELL AS ITS ANNUAL FINANCIAL STATEMENT AUDIT. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.