2025-02-17T13:27:27-06:00 2024-05-31 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-06-01 060367660 THE GRADUATE CLUB ASSOCIATION GRAD 2036243197 155 ELM STREET NEW HAVEN CT 06508 SANDRA GERVAIS GENERAL MANAGER 2036243197 2025-02-14 1 1 DOUGLAS FARRINGTON P00370668 6178075000 2025-02-14 2023 2025-03-06 01:10:19Z THE ELM CITY CLUB SANDRA GERVAIS PO BOX 209238 NEW HAVEN CT 065209238 2101264 0 X WWW.GRADUATECLUB.COM X 1892 CT TO PROVIDE FOOD AND BEVERAGES AS WELL AS FACILITIES TO MEMBERS AND GUESTS. 17 17 25 24 312601 9904 445379 399509 1383838 1527702 0 -3114 80251 171186 1909468 2095283 739574 375 0 0 1008316 1081243 0 0 0 866967 1000047 2614857 2081665 -705389 13618 1037226 995492 1287876 1232524 -250650 -237032 THE CLUB CATERS TO THE PROFESSIONAL PERSON WITH EXPANDED FACILITIES FOR BUSINESS MEETINGS AND BANQUETS. ACTIVITIES AT THE CLUB INCLUDE HOLIDAY DINNERS, DINNER DANCES, THEATER NIGHTS AND VARIOUS OTHER SOCIAL EVENTS FOR MEMBERS AND THEIR FAMILIES. 0 0 1422276 375 1273774 SERVICE OF FOOD AND BEVERAGES AND USE OF FACILITIES TO MEMBERS AND THEIR GUESTS. TRANSIENT USE OF LODGING FACILITIES BY GUESTS OF MEMBERS. 1422276 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 55 0 1 25 1 1 1 0 0 0 0 52470 315010 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 0 0 CT X SANDRA GERVAIS 2036243197 155 ELM STREET NEW HAVEN CT 06508 MARK TONUCCI PAST PRESIDENT 1.00 X 0 0 0 JAY SHEEHY PRESIDENT 1.00 X X 0 0 0 BRIAN BORGERSON TREASURER 1.00 X X 0 0 0 EDWARD SEIBERT SECRETARY 1.00 X X 0 0 0 TRISH PEARSON DIRECTOR 1.00 X 0 0 0 FRED SETTE DIRECTOR 1.00 X 0 0 0 PETER GRAEB DIRECTOR 1.00 X 0 0 0 ANDREW LUBIN DIRECTOR 1.00 X 0 0 0 MARILYN BURLENSKI DIRECTOR 1.00 X 0 0 0 PAT GUIDO DIRECTOR 1.00 X 0 0 0 KYLE BALLOU DIRECTOR 1.00 X 0 0 0 THOMAS SANSONE VICE PRESIDENT 1.00 X X 0 0 0 CHARLOTTE REA DIRECTOR 1.00 X 0 0 0 MATTHEW BAILEY DIRECTOR 1.00 X 0 0 0 KEVIN RUTLEDGE DIRECTOR 1.00 X 0 0 0 CHRIS EARLE DIRECTOR 1.00 X 0 0 0 DEAN VAN NEST DIRECTOR 1.00 X 0 0 0 SANDRA GERVAIS GENERAL MANAGER 70.00 X 145138 0 13697 145138 0 13697 1 0 1 0 0 351269 48240 399509 FOOD, BEVERAGE, ROOM 722511 1131167 1018447 112720 SERVICE CHARGES 722511 202381 202381 0 GUEST ROOMS 722511 194154 10804 183350 1527702 22540 2867 19673 19673 16531 3142 3114 -3114 -3114 -3114 INSURANCE DAMAGE PROCE 722511 109371 109371 MISCELLANEOUS 722511 42142 42142 151513 2095283 1273774 312601 109399 375 375 168887 168887 753978 526352 227626 6102 6102 80043 4575 75468 72233 41846 30387 9213 9213 20727 20727 106623 66924 39699 26031 26031 198257 191652 6605 6488 6488 18531 18531 37359 33623 3736 65257 60547 4710 UBI TAX 3186 3186 COST OF FOOD, BAR & SVC 317485 317485 REPAIRS AND MAINTENANCE 168310 154845 13465 ENTERTAINMENT AND PROMO 12990 10158 2832 9590 4606 4984 2081665 1422276 659389 0 432 77418 846 846 267488 195532 34073 38432 39390 40510 519106 260752 207820 258354 487177 384400 1037226 995492 239653 202493 148266 158827 412780 486377 487177 384827 1287876 1232524 X -300339 -301203 49689 64171 -250650 -237032 1037226 995492 13618 0 X 1 X 0 0 0 519106 260752 258354 258354 OPERATING LEASE RIGHT-OF-USE ASSET, NET 372578 FINANCE LEASE RIGHT-OF-USE ASSET, NET 11822 384400 OPERATING LEASE LIABILITY 372578 FINANCE LEASE LIABILITY 12249 384827 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE EXCEPT FOR AMOUNTS REPRESENTING UNRELATED BUSINESS INCOME. THE ASSOCIATION INCURRED FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME ACTIVITIES FOR THE YEARS ENDED MAY 31, 2024 AND 2023 OF $3,186 AND $3,554. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF MAY 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. X 0 0 0 SANDRA GERVAIS GENERAL MANAGER 145138 0 0 0 0 0 3222 0 10475 0 158835 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF THE ORGANIZATION IS ELECTED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B VARIOUS DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE GENERAL MANAGER BEFORE FILING. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY AFTER IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE, WITH THE CLUB'S ATTORNEY, REVIEW ANY CONFLICTS OF INTEREST THAT ARISE THROUGHOUT THE YEAR AND ADDRESS SUCH SITUATIONS IN ACCORDANCE WITH THE CLUB'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS OF DETERMINING COMPENSATION OF THE CLUB MANAGER INCLUDES A REVIEW AND APPROVAL BY THE EXECUTIVE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL INFORMATION AVAILABLE TO ITS MEMBERSHIP UPON REQUEST.