2025-02-18T15:03:14-06:00 2024-03-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 2 BETHESDA METRO CENTER SUITE 540 BETHESDA MD 20814 990 2023-04-01 520422755 MOUNT VERNON CLUB OF BALTIMORE INC MOUN 4108373240 8 WEST MOUNT VERNON PLACE BALTIMORE MD 21201 TAD PEEL GENERAL MANAGER 4108373240 2025-02-18 1 1 KERRI RAWCLIFFE P01398485 3016523464 2025-02-18 2023 2025-03-06 01:10:19Z TAD PEEL 8 WEST MOUNT VERNON PLACE BALTIMORE MD 21201 1246587 0 X WWW.MOUNTVERNONCLUB.NET X 1929 MD THE CLUB IS ORGANIZED AND OPERATED EXCLUSIVELY FOR PLEASURE AND RECREATION - TO THIS END THE CLUB CHARGES MEMBERS DUES AND ASSESSMENTS TO COVER OPERATING COSTS ASSOCIATED WITH ITS ACTIVITIES. THE CLUB GENERATES REVENUE FROM THE FOLLOWING RECREATIONAL AND SOCIAL ACTIVITIES FOR WHICH THE CLUB WAS ORGANIZED AND OBTAINED EXEMPT STATUS: DINING, ROOM RENTALS, PARKING. 21 21 14 25 1036 33966 0 0 544864 800712 41892 41600 52841 -225035 639597 617277 0 0 0 0 290597 305159 0 0 0 545376 446362 835973 751521 -196376 -134244 2723952 2758235 384503 419329 2339449 2338906 X THE CLUB IS ORGANIZED AND OPERATED EXCLUSIVELY FOR PLEASURE AND RECREATION - TO THIS END THE CLUB CHARGES MEMBERS DUES AND ASSESSMENTS TO COVER OPERATING COSTS ASSOCIATED WITH ITS ACTIVITIES. THE CLUB GENERATES REVENUE FROM THE FOLLOWING RECREATIONAL AND SOCIAL ACTIVITIES FOR WHICH THE CLUB WAS ORGANIZED AND OBTAINED EXEMPT STATUS: DINING, ROOM RENTALS, PARKING. 0 0 SOCIAL AND RECREATIONAL ACTIVITIES - PROVIDES SOCIAL AND DINING ACTIVITIES FOR ITS 500+ MEMBERS. N/A N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 1 6 0 1 14 1 1 1 0 0 0 1 1 34500 72874 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 MD X TAD PEEL 4108373424 8 W MOUNT VERNON BALTIMORE MD 21201 X ANN TEAFF PRESIDENT 2.00 X X 0 0 0 MAGGIE KENNEDY PRESIDENT ELECT 2.00 X X 0 0 0 BARRIE DRUM TREASURER 2.00 X X 0 0 0 SYLVIA PARKER CORRESPONDING SECRETARY 2.00 X X 0 0 0 IVA TURNER RECORDING SECRETARY 2.00 X 0 0 0 CHRISTA ABSOLOM GOVERNOR 2.00 X 0 0 0 WENDY ALBERT GOVERNOR 2.00 X 0 0 0 MACKY AYERS GOVERNOR 2.00 X 0 0 0 EMILIE BLAZE GOVERNOR 2.00 X 0 0 0 PAULA CAMPBELL GOVERNOR 2.00 X 0 0 0 KIM DAVID GOVERNOR 2.00 X 0 0 0 ALICIA HABERMAN GOVERNOR 2.00 X 0 0 0 BLAIR IODICE GOVERNOR 2.00 X 0 0 0 STEPHANIE LUBITZ GOVERNOR 2.00 X 0 0 0 PAMELA MALESTER GOVERNOR 2.00 X 0 0 0 CLAIRE MCLAURIN GOVERNOR 2.00 X 0 0 0 COURTNEY OTENASEK GOVERNOR 2.00 X 0 0 0 WENDY ROSEN GOVERNOR 2.00 X 0 0 0 RACHEL SEBA GOVERNOR 2.00 X 0 0 0 FAITH THOMAS GOVERNOR 2.00 X 0 0 0 CAROL WHITMAN GOVERNOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBER DUES 713910 574399 574399 CAPITAL RESERVE 713910 106643 106643 EMPLOYEE BENEFIT CONTR 713910 35728 35728 INITIATION FEES 713910 34500 34500 ENDOWMENT INCOME 713910 23700 23700 25742 25742 800712 41600 41600 404275 629310 -225035 -184471 -40564 617277 616241 1036 0 X 247210 715 39282 17952 10864 23998 108455 40350 INCOME TAXES 8429 EQUIPMENT RENTAL & MAIN 61910 UTILITIES 48553 PROPERTY TAXES 29241 114562 751521 35029 152607 786631 764277 356211 401877 35964 35027 32144 37639 2726531 1359723 1477973 1366808 2723952 2758235 39780 57128 324351 353900 20372 8301 384503 419329 X 2174683 2157580 164766 181326 2339449 2338906 2723952 2758235 -134244 133701 0 X X 1 X 0 1 0 5000 5000 2079172 867560 1211612 642359 492163 150196 1366808 INCOME TAXES 3301 ADVANCE DEPOSITS 5000 8301 X PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBER TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NOT-FOR-PROFIT PURPOSE UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). THE CLUB IS LIABLE FOR FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME REPRESENTS INVESTMENT REVENUE AND CERTAIN OTHER REVENUES DERIVED FROM NON-MEMBER EVENTS AND FUNCTIONS. THE CLUB'S INCOME TAX EXPENSE FOR THE YEARS ENDED MARCH 31, 2024 AND 2023 WAS APPROXIMATELY $8,429 AND $11,096 RESPECTIVELY. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS FORM 990, PART VI, SECTION A, LINE 6 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 MAJOR CHANGES TO DEBT OR MAJOR CONSTRUCTION PROJECTS ARE USUALLY VOTED ON BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURNS ARE REVIEWED BY AN OFFICER THE CLUB BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MONITORS AND PREPARES CONFLICT OF INTEREST FORMS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY AND COMPENSATION OF THE GENERAL MANAGER IS REVIEWED AND APPROVEDANNUALLY BY THE BOARD. THE COMPENSATION IS BASED ON PERFORMANCE AS WELL ASCOMPARISON TO COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS.THE SALARY AND COMPENSATION OF OTHER KEY EMPLOYEES IS REVIEWED AND APPROVEDANNUALLY BY THE BOARD. THE COMPENSATION IS BASED ON PERFORMANCE AS WELL ASCOMPARISON TO COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THEY ARE MADE AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 24E LOSS ON DISPOSAL 27,370. COMMITTEE EXPENSE 17,865. SUPPLIES 17,436. TRASH COLLECTION 6,996. TELEPHONE 6,977. BANK CHARGES 6,767. POSTAGE & SHIPPING 6,270. TRANSPORTATION AND PARKING 5,943. MISCELLANEOUS EXPENSE 5,943. PROFESSIONAL FEES 5,362. STAFF EXPENSES 5,237. DUES & SUBSCRIPTIONS 1,149. SECURITY SYSTEM 689. BAD DEBT EXPENSE 558. PART XII, LINE 2C THE ORGANIZATION'S BOARD OF GOVERNORS HAS DIRECT OVERSIGHT AND RESPONSILBILITY FOR THE SELECTION OF ITS OUTSIDE CPA, AS WELL AS ITS ANNUAL FINANCIAL STATEMENT AUDIT.