2026-08-12T13:59:23-05:00 2026-03-31 540737372 PBMARES LLP 4114 LEGATO ROAD 5TH FLOOR FAIRFAX VA 22033 990 2025-04-01 530152390 THE SULGRAVE CLUB SULG 2024625800 1801 MASSACHUSETTS AVENUE N W WASHINGTON DC 20036 ROBERT ST FRANCIS GENERAL MANAGER/COO 2024625800 2026-08-11 1 EDWARD T YODER CPA P00239134 7035915200 2026-08-11 X 2025 2025-03-06 01:10:19Z ROBERT ST FRANCIS 1801 MASSACHUSETTS AVENUE N W WASHINGTON DC 20036 10203153 0 X WWW.SULGRAVECLUB.ORG X 1932 DC MEMBERSHIP ORGANIZATION FOR LITERARY, MUSICAL, ARTISTIC AND PHILANTHROPIC PURPOSES, MUTUAL IMPROVEMENT, AND THE PROMOTION OF SOCIAL INTERACTION. 18 18 88 75 1021708 503607 1237798 2935597 4717203 4769733 210882 574722 1397206 1247289 7563089 9527341 0 0 0 0 4563881 4659776 0 0 0 2300342 2576234 6864223 7236010 698866 2291331 16437308 19217128 5389246 5877735 11048062 13339393 MEMBERSHIP ORGANIZATION FOR LITERARY, MUSICAL, ARTISTIC AND PHILANTHROPIC PURPOSES, MUTUAL IMPROVEMENT AND THE PROMOTION OF SOCIAL INTERACTION. 0 0 PROVIDE SOCIAL AND RECREATIONAL ATMOSPHERE FOR MEMBERS. 0 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 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 5 0 1 88 1 1 1 0 0 0 1 1 256137 613432 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X JASON WALTON 2024626146 1801 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 EMILY KING PRESIDENT 2.00 X X 0 0 0 ANNE RODGERS 1ST VICE-PRESIDENT 2.00 X X 0 0 0 HALARY CARTER WEST 2ND VICE-PRESIDENT 2.00 X X 0 0 0 MARLANA KAIN RECORDING SECRETARY 2.00 X X 0 0 0 LISA ESKEW CORRESPONDING SECRETARY 2.00 X X 0 0 0 SUZANNE T RICHARDS TREASURER 2.00 X X 0 0 0 FELICIA H KUNG ASSISTANT TREASURER 2.00 X X 0 0 0 ELISE DARDEN GOVERNOR 2.00 X 0 0 0 VIVIAN S MOORE GOVERNOR 2.00 X 0 0 0 NANCY W BALBOA GOVERNOR 2.00 X 0 0 0 ANNE G BALDWIN GOVERNOR 2.00 X 0 0 0 LISA B BARRY GOVERNOR 2.00 X 0 0 0 LAURA DREIBAND GOVERNOR 2.00 X 0 0 0 JANICE KIM OTTEN GOVERNOR 2.00 X 0 0 0 AMY ZANTZINGER GOVERNOR 2.00 X 0 0 0 KIMBERLY NELSON HILL GOVERNOR 2.00 X 0 0 0 ELIZABETH GOULD LAWSON GOVERNOR 2.00 X 0 0 0 PARKER BRENT MOORE GOVERNOR 2.00 X 0 0 0 ROBERT ST FRANCIS GENERAL MANAGER/COO 60.00 X 291187 0 52315 TIMOTHY LOVELAND EXECUTIVE CHEF 60.00 X 217225 0 20484 JASON WALTON CHIEF FINANCIAL OFFICER 45.00 X 195407 0 23600 ELIZABETH CONNOR DIRECTOR OF CATERING AND MEMBERSHIP 45.00 X 162819 0 11514 MARGAUX BEUSCHER ASSISTANT GENERAL MANAGER 45.00 X 147955 0 11064 1014593 0 118977 5 0 1 0 FEDERAL PARKING PO BOX 561 GARRET PARK MD 20896 122443 1 2935597 2935597 MEMBER DUES & ASSESSMENTS 713910 4382745 4382745 OTHER PROGRAM REVENUE 713910 183668 183668 VALET PARKING 713910 111249 87096 24153 GUEST ROOMS 713910 92071 32439 59632 4769733 209389 209389 365333 0 365333 365333 365333 1923101 675812 1247289 884088 363201 9527341 5570036 1021708 0 422923 3625256 132983 180400 298214 189711 272157 156875 544943 55330 466616 169215 UBIT 152396 CHINA, GLASSWARE, DECOR 113753 ENTERTAINMENT 106078 PARKING EXPENSE 98174 250986 7236010 4273152 4291956 1409680 874980 1591768 1562899 142223 171821 77772 138963 13043387 5382261 4730656 7661126 3708687 3863337 503370 652046 16437308 19217128 440942 442636 3997125 4261550 951179 1173549 5389246 5877735 X 10849611 13140943 198451 198450 11048062 13339393 16437308 19217128 2291331 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X EDUCATION 0 5517646 2690465 476348 3673858 5010601 5009468 967339 307454 766615 5517646 4093974 482991 703384 270881 5009468 4180582 412902 -192697 306813 4093974 3772160 478814 264894 335286 4180582 1.00000 0.00000 0.00000 0 0 69259 69259 9897197 3449412 6447785 1411932 986135 425797 1664999 946714 718285 7661126 DEFERRED 457B PLAN 620610 LEASE OBLIGATION 31436 PARTY DEPOSITS 54938 DEFERRED TAX LIABILITY 466565 1173549 X 10199827 672486 672486 9527341 0 9527341 7908496 672486 672486 7236010 0 7236010 PART III, LINE 1A: THE CLUB HAS COLLECTIONS MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND THE ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUALLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLECTIONS, WHICH ARE ACQUIRED THROUGH CONTRIBUTIONS SINCE THE CLUB'S INCEPTION, ARE NOT RECOGNIZED ON THE FINANCIAL STATMENTS. PART III, LINE 4: THE SILVER AND OTHER ANTIQUES ARE DISPLAYED THROUGHOUT THE SULGRAVE CLUB FOR THE VIEWING PLEASURE OF ITS MEMBERS. PART V, LINE 4: TEMPORARILY RESTRICTED FUNDS ARE FOR FUNDING EMPLOYEES' SUMMER AND CHRISTMAS BONUSES. THESE ASSETS ARE NOT TO BE USED TO SUPPLEMENT CLUB REVENUES OR DEFRAY OPERATING EXPENSES. ADDITIONALY, THE BOARD OF GOVERNORS HAS DESIGNATED CERTAIN FUNDS TO FINANCE SPECIAL PROJECTS AND EXPENSES AND TO MAINTAIN AN ENDOWMENT FOR THE CLUB. PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBER TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSE UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(7). THE CLUB IS LIABLE FOR FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME ONLY. UNRELATED BUSINESS INCOME REPRESENTS INVESTMENT REVENUES AND CERTAIN OTHER REVENUES DERIVED FROM NONMEMBER EVENTS AND FUNCTIONS. FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CLUB'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 675,812. BANK CHARGES NETTED AGAINST INTEREST INCOME -3,326. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 675,812. BANK CHARGES NETTED AGAINST INTEREST INCOME -3,326. X X X 0 1 0 ROBERT ST FRANCIS GENERAL MANAGER/COO 217525 0 70370 0 3292 0 27962 0 24353 0 343502 0 0 0 TIMOTHY LOVELAND EXECUTIVE CHEF 185305 0 31920 0 0 0 18958 0 1526 0 237709 0 0 0 JASON WALTON CHIEF FINANCIAL OFFICER 165802 0 29605 0 0 0 16148 0 7452 0 219007 0 0 0 ELIZABETH CONNOR DIRECTOR OF CATERING AND MEMBERSHIP 138879 0 23940 0 0 0 10270 0 1244 0 174333 0 0 0 MARGAUX BEUSCHER ASSISTANT GENERAL MANAGER 126183 0 21772 0 0 0 9824 0 1240 0 159019 0 0 0 PART I, LINE 4B ROBERT ST. FRANCIS - 457(B) PLAN EMPLOYER CONTRIBUTION OF $18,500 TIMOTHY LOVELAND - 457(B) PLAN EMPLOYER CONTRIBUTION OF $12,000 JASON WALTON - 457(B) PLAN EMPLOYER CONTRIBUTION OF $10,000 ELIZABETH CONNOR - 457(B) PLAN EMPLOYER CONTRIBUTION OF $5,000 MARGAUX BEUSCHER - 457(B) PLAN EMPLOYER CONTRIBUTION OF $5,000 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE SEVERAL CATEGORIES OF MEMBERSHIP: RESIDENT, NON-RESIDENT, ASSOCIATE, AND SPECIAL GUEST, WITH INITIATION FEES AND DUES FOR RESIDENTS AND NON-RESIDENTS TIED TO THE AGE OF THE MEMBER ON APRIL 1. FORM 990, PART VI, SECTION A, LINE 7A ALL RESIDENT MEMBERS IN GOOD STANDING SHALL CONSTITUTE THE VOTING MEMBERSHIP OF THE CLUB. THEY ELECT THE BOARD OF GOVERNORS. THE VOTING MEMBERSHIP ALSO APPROVES THE ADOPTION OF AMENDMENT OF BYLAWS AND OTHER REGULATIONS AND AMENDMENTS OF THE CONSTITUTION PROPOSED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE CLUB'S CHIEF OPERATING OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEW ALL SIGNIFICANT TRANSACTIONS. BUSINESS TRANSACTIONS OF SIGNIFICANT NATURE ARE THOROUGHLY REVIEWED WITH THE CLUB PRESIDENT AND THE EXECUTIVE VOLUNTARY LEADERSHIP OF THE CLUB. SHOULD ANY POTENTIAL TRANSACTION OCCUR THAT WOULD INVOLVE CONFLICT OF INTEREST, THE TRANSACTION WOULD BE DISCUSSED AMONG THE EXECUTIVE COMMITTEE OF THE CLUB AND APPROVED OR DISAPPROVED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER/GM AND THE TREASURER BEFORE FILING. THE TREASURER ADVISES THE FINANCE COMMITTEE AND THE BOARD OF GOVERNORS THAT THE 990 HAS BEEN THOROUGHLY REVIEWED AND IS AVAILABLE IN THE CHIEF FINANCIAL OFFICER'S OFFICE FOR REVIEW AND/OR COPYING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS AND MANAGEMENT STAFF DISCUSS AND SIGN THE POLICY ANNUALLY. THE CLUB'S CHIEF OPERATING OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEW ALL SIGNIFICANT TRANSACTIONS. BUSINESS TRANSACTIONS OF SIGNIFICANT NATURE ARE THOROUGHLY REVIEWED WITH THE CLUB PRESIDENT AND THE EXECUTIVE VOLUNTARY LEADERSHIP OF THE CLUB. SHOULD ANY POTENTIAL TRANSACTION OCCUR THAT SHOULD INVOLVE CONFLICT OF INTEREST, THE TRANSACTION WOULD BE DISCUSSED AMONG THE EXECUTIVE COMMITTEE OF THE CLUB AND APPROVED OR DISAPPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB PRESIDENT AND EXECUTIVE COMMITTEE REVIEW THE GM/COO CONTRACT ANNUALLY FOR COMPENSATION AND BENEFITS. THE CONTRACT, IF CHANGED, IS REVIEWED BY THE CLUB'S ATTORNEY. THE REVIEW OF UPPER MANAGEMENT STAFF IS CONDUCTED BY THE GM/COO AND ASSOCIATED COMPENSATION INCREASES ARE BASED UPON THE BUDGET OF THE CLUB AS WELL AS MERIT. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990 PART XII LINE 2C A SUBCOMMITTEE OF THE FINANCE COMMITTEE, ALONG WITH MANAGEMENT OF THE CLUB, INTERVIEWS SEVERAL ACCOUNTING FIRMS. THEY RECOMMEND A FIRM, BASED ON THE INTERVIEWS, TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD OF GOVERNORS WHICH HAS FINAL APPROVAL OF THE ANNUAL AUDIT FIRM. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.