2025-09-18T14:06:29-05:00 2023-09-30 203911651 SUGGS JOHNSON LLC 107 EDGEBROOK DRIVE ANDERSON SC 29621 990 2022-10-01 576055930 CARDINAL RACQUET CLUB CARD 8642251193 PO BOX 2865 ANDERSON SC 29622 DAWN HAIGLER CURRENT PRESIDENT 8642251193 2025-09-18 1 0 J CLINT BATES P01262371 8642260306 2025-09-18 2022 2025-03-06 01:10:19Z X JOHN HOLMES PO BOX 2865 ANDERSON SC 29622 278589 0 X WWW.CARDINALRACQUETCLUB.COM X 1972 SC TENNIS PROMOTION AND INSTRUCTION TO ENRICH THE QUALITY OF PLAY FOR ITS MEMEBERS AND COMMUNITY. 5 5 2 0 0 0 188942 183560 0 0 1 1 48176 47830 237119 231391 0 0 0 0 25387 28071 0 0 0 200401 178128 225788 206199 11331 25192 374555 362290 105842 68385 268713 293905 TENNIS PROMOTION AND INSTRUCTION TO ENRICH THE QUALITY OF PLAY FOR ITS MEMBERS AND COMMUNITY. 0 0 173389 THE SOCIAL CLUB IS A TENNIS FACILITY FOCUSED ON DEVELOPING AND IMPROVING PLAYERS AT ALL LEVELS AND PROVIDED PRIVATE LESSONS, GROUP CLINICS AND INTRA-CLUB EVENTS THROUGHOUT THE YEAR. 173389 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 2 1 0 0 0 0 0 2550 7947 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 SC X KRISTI RICE 8642251193 PO BOX 2865 ANDERSON SC 29622 X DAWN HAIGLER PRESIDENT 2.00 X X 0 0 0 JON HOLMES VICE PRESIDENT 1.00 X X 0 0 0 SISSA SULLIVAN VICE PRESIDENT 1.00 X X 0 0 0 SARA MOWER TREASURER 1.00 X X 0 0 0 DANNY SHERIDAN SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 170592 12968 183560 1 1 95028 47198 47830 47830 231391 1 0 47830 25986 25986 2085 2085 3050 3050 11487 11487 750 750 11725 8454 3271 14333 10750 3583 3380 3380 15888 14983 905 10496 7872 2624 COURT REPAIRS & MAINTEN 65018 65018 CONTRACT LABOR - TENNIS 25093 25093 UTILITIES 16280 11770 4510 MISCELLANEOUS 628 628 206199 173389 32810 0 170976 160178 869 785356 585703 201873 199653 1706 1590 374555 362290 2360 2491 81202 65535 22280 359 105842 68385 X 0 0 0 0 268713 293905 268713 293905 374555 362290 25192 0 X 0 0 0 30983 30983 288288 167989 120299 431211 397968 33243 34874 19746 15128 199653 PAYROLL TAX LIABILITIES 359 359 CLASSIC TOURNAMENT 56247 56247 25331 CHICKFILA OPEN 11620 11620 1315 5 27161 27161 20552 95028 95028 47198 47198 47830 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. AMENDED FORM 990 IN 2020'S FORM 990, THE ORGANIZATION REPORTED THE SALE OF PROPERTY USED DIRECTLY IN THE PERFORMANCE OF ITS EXEMPT FUNCTION. THE GAIN FROM THIS SALE WAS PROPERLY DEFERRED UNDER THE NONRECOGNITION OF GAIN PROVISIONS OF IRC SECTION 512(A)(3)(D), AS THE ORGANIZATION PLANS TO PURCHASE REPLACEMENT PROPERTY WITHIN THE REQUIRED TIME FRAME AND USED IT DIRECTLY IN THE PERFORMANCE OF ITS EXEMPT FUNCTION. HOWEVER, UPON REVIEW, WE DETERMINED THAT THE DEFERRED GAIN REPORTED FOR THIS YEAR WAS NOT REDUCED BY THE AMOUNT OF EXPENSES PAID FROM THE PROCEEDS OF THE SALE THAT WERE ALLOCABLE TO THE ACQUISITION AND IMPROVEMENT OF THE REPLACEMENT PROPERTY. UNDER IRC SECTION 512(A)(3)(D), THE AMOUNT OF GAIN TO BE RECOGNIZED IS LIMITED TO THE EXCESS OF THE SALES PRICE OF THE OLD PROPERTY OVER THE COST OF PURCHASING THE REPLACEMENT PROPERTY, INCLUDING RELATED EXPENSES. TO CORRECT THIS, WE ARE AMENDING THIS YEAR'S FORM 990 TO REDUCE THE DEFERRED GAIN BY THE AMOUNT OF SUCH EXPENSES THAT WERE PAID FROM THE SALE PROCEEDS AND PART OF THE REPLACEMENT PROPERTY'S BASIS. THIS ADJUSTMENT ENSURES THAT THE DEFERRED GAIN IS ACCURATELY REPORTED IN ACCORDANCE WITH IRC SECTION 512(A)(3)(D) AND THE APPLICABLE TREASURY REGULATIONS. THIS RESULTED IN THE FOLLOWING CHANGES: PART I, LINE 17 & 18 - $18,468 DECREASE PART I, LINE 19 - $41,357 INCREASE PART I, LINE 20 - $3,812 DECREASE PART I, LINE 21 - $63,637 DECREASE PART I, LINE 22 - $59,825 INCREASE PART III, LINE 4A & 4E - $18,428 DECREASE PART IX, LINE 22(A) - $808 DECREASE PART IX, LINE 22(B) - $768 DECREASE PART IX, LINE 22(C) - $40 DECREASE PART IX, LINE 24(A)&(B) - $17,660 DECREASE PART IX, LINE 25(A) - $18,468 DECREASE PART IX, LINE 25(B) - $18,428 DECREASE PART IX, LINE 25(C) - $40 DECREASE PART X, LINE 1(B) - $1 DECREASE PART X, LINE 10C(B) - $3,811 DECREASE PART X, LINE 16(B) & 33(B)- $3,812 DECREASE PART X, LINE 25(B) & 26(B) - $63,637 DECREASE PART X, LINE 31(B) & 32(B) - $59,825 INCREASE PART XI, LINE 2 - $18,468 DECREASE PART XI, LINE 3 - $18,468 INCREASE PART XI, LINE 4 - $41,357 INCREASE PART XI, LINE 10 - $59,825 INCREASE SCHEDULE D, PART VI, LINE 1C(A) - $4,620 DECREASE SCHEDULE D, PART VI, LINE 1C(C) - $809 DECREASE SCHEDULE D, PART VI, LINE 1C(D) & TOTAL - $3,811 DECREASE SCHEDULE D, PART X, LINE1 - $63,637 DECREASE 2021'S FORM 990 WAS ALSO AMENDED FOR THE SAME REASONS AND WILL HAVE THE FOLLOWING AFFECTS ON THE BEGINNING BALANCES OF THIS RETURN: PART I, LINE 21 - $41,357 DECREASE PART I LINE 22 - $41,357 INCREASE PART X, LINE 25(A) - $41,357 DECREASE PART X, LINE 31(A) & 32(A) - $41,357 INCREASE PART XI, LINE 4 - $41,357 INCREASE