2025-08-21T13:04:29-04:00 2024-10-31 200221868 BARNES BROCK CORNWELL & PAINTER PLC 908 EDEN WAY N STE 201 CHESAPEAKE VA 233202640 990 2023-11-01 237352163 INDIAN ACRES CLUB OF THORNBURG INC INDI 5405826314 PO BOX 120 THORNBURG VA 22565 DONNA WALTHALL TREASURER 5405826314 2025-08-04 true KIMBERLY C PAINTER CPA P00294115 7579615017 2025-08-19 2023 2025-03-06 01:10:19Z DONNA WALTHALL P O BOX 120 THORNBURG VA 22565 5794598 false X INDIANACRES.ORG X 1973 VA NON-PROFIT RECREATIONAL CAMPGROUND THAT PROVIDES AMENITIES FOR OWNERS OF THE CLUB. 2650 2650 82 9 414 0 4687844 5304932 465 414 377483 489252 5065792 5794598 0 0 1988406 2440073 0 0 2915650 3020702 4904056 5460775 161736 333823 4220812 4882776 591838 919979 3628974 3962797 NON-PROFIT RECREATIONAL CAMPGROUND THAT PROVIDES AMENITIES FOR OWNERS OF THE CLUB. false false TO PROVIDE RECREATIONAL FACILITIES FOR MEMBERS THROUGH THE USE OF A RECREATION CENTER, POOL, RESTAURANT AND BAR, TRADING POST, AND OTHER SMALLER AMENITIES. false false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 9 0 false 82 true false false false false false false false false X 2650 2650 false false false false true true false true true false false true true false false false false true true false VA X X DONNA WALTHALL 5405826314 P O BOX 120 THORNBURG VA 22565 X RAMONA GOFF CHAIRMAN X X 0 0 0 RITA ROSE PRESIDENT X X 0 0 0 BILLY STANTON 1ST VICE PRE X X 0 0 0 PATRICK KEATING 2ND VICE PRE X X 0 0 0 DONNA WALTHALL TREASURER X X 0 0 0 RENE WALLIS ASST. TREASU X X 0 0 0 JOYCE WAGGETT SECRETARY X X 0 0 0 STEVE THOMPSON MEMBER X X 0 0 0 JUDY BROWN MEMBER X X 0 0 0 false false false MEMBERSHIIP DUES AND FEES 5103029 5103029 UTIILITY INCOME 134585 134585 AMENITIES 67318 67318 5304932 414 414 MISCELLANEOUS 321799 321799 INVOLUNTARY CONVERSION 165594 165594 VENDING MACHINE INCOME 1439 1439 420 420 489252 5794598 5794184 414 2427559 12514 11623 13500 186869 9575 100130 32023 1526789 682 330673 251275 REPAIRS & MAINTENANCE 107983 POOL 105640 CREDIT CARD PROCESSING 66427 SPECIAL EVENTS 63163 214350 5460775 0 0 0 9295 30631 2077694 2248063 100000 100000 31804 41923 17582 29882 8037782 6299878 1822611 1737904 161826 694373 4220812 4882776 132598 91229 430072 817049 11767 569 17401 11132 591838 919979 X 3628974 3962797 3628974 3962797 4220812 4882776 X 333823 X false false 169475 169475 6113313 4771055 1342258 1716018 1505437 210581 38976 23386 15590 1737904 WORK IN PROGRESS 664631 CD 20110 OPERATING LEASE ROU ASSET 9632 694373 ROU LEASE LIABILITY 9632 DEPOSITS 1500 11132 X 5794598 5794598 5794598 5460775 5460775 5460775 SCHEDULE D, PAGE 3, PART X IACT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE CLUB IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF INTEREST EARNED ON INVESTMENTS AND GAMING INCOME. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN UNEXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. THE CLUB FILES IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ANNUALLY. INCOME TAX EXPENSE RANGES FROM NO TAX DUE TO APPROXIMATELY 1,500 ANNUALLY. CURRENTLY THE CLUB HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. SCHEDULE D, PAGE 4, PART XI, LINE 2D GAMING 0 SCHEDULE D, PAGE 4, PART XII, LINE 2D GAMING 0 SCHEDULE D, PAGE 4, PART XIII THE CLUB BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CLUB'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR FISCAL YEARS ENDING 2024, 2023, 2022, 2021, AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION'S MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS IS PROVIDED A COPY OF THE 990 AND 990-T TAX RETURNS FOR REVIEW AND APPROVAL BEFORE FILING. APPROVAL IS DOCUMENTED IN THE MINUTES. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS APPROVED BY THE BOARD AND PRESENTED TO THE MEMBERSHIP FOR APPROVAL AS PART OF THE BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS APPROVED BY THE BOARD AND PRESENTED TO THE MEMBERSHIP FOR APPROVAL AS PART OF THE BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS CONSISTING OF THE ARTICLES OF INCORPORATION AND THE DEED OF RESTRICTIONS ARE RECORDED AT THE COUNTY. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE MEMBERSHIP UPON REQUEST. THERE IS NO WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART XI, LINE 9 GAMING 0 GAMING 0