2026-08-19T13:34:57-05:00 2025-10-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2024-11-01 050132538 THE DUNES CLUB DUNE 4017833351 PO BOX 749 NARRAGANSETT RI 02882 STEPHEN STERLING GENERAL MANAGER 4017833351 2026-08-18 1 1 KERRI RAWCLIFFE P01398485 4016216200 2026-08-18 2024 2025-03-06 01:10:19Z STEPHEN STERLING PO BOX 749 NARRAGANSETT RI 02882 9873306 0 X WWW.THEDUNESCLUB.ORG X 1928 RI TO OPERATE AS A PRIVATE SOCIAL CLUB FOR THE RECREATIONAL AND SOCIAL BENEFIT OF ITS MEMBERS. 19 19 245 42 103911 100309 19000 0 5419562 6465038 129822 157548 -470467 -301443 5097917 6321143 0 0 0 0 2438680 2569379 0 0 0 2685837 2416969 5124517 4986348 -26600 1334795 11287338 13479653 1946110 2338496 9341228 11141157 TO OPERATE, FOR THE RECREATIONAL AND SOCIAL BENEFIT OF ITS MEMBERS, THE DUNES CLUB FACILITIES, INCLUDING RESTAURANT, BEACH PROPERTY, AND TENNIS FACILITIES. 0 0 PRIVATE BEACH OPERATION INCLUDING BATHHOUSE AND CABANAS. FOOD AND BEVERAGE OPERATION INCLUDING MAIN DINING ROOM, SNACKBAR AND GRILL. TENNIS OPERATION, CHILDREN'S PROGRAMS, AND OTHER PRIVATE SOCIAL CLUB ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 1 30 0 1 245 1 1 1 0 0 0 0 496748 262742 0 0 0 X 19 19 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 X LYNN HORNE 4017833351 PO BOX 749 NARRAGANSETT RI 02882 WILLIAM M KAPOS PRESIDENT 7.00 X X 0 0 0 KATHARINE H FLYNN VICE PRESIDENT 7.00 X X 0 0 0 BERNARD V BUONANNOIII TREASURER 7.00 X X 0 0 0 TIMOTHY P HAXTON ASSISTANT TREASURER 7.00 X X 0 0 0 ANNA M MCGREEN SECRETARY 7.00 X X 0 0 0 MARILEE D BELL ASSISTANT SECRETARY 7.00 X X 0 0 0 DAVIES W BISSET III BOARD MEMBER 3.00 X 0 0 0 GEOFFREY M BOSS BOARD MEMBER 3.00 X 0 0 0 EDWARD W BURMAN JR BOARD MEMBER 3.00 X 0 0 0 JEFFREY B CIANCIOLO BOARD MEMBER 3.00 X 0 0 0 DUNCAN H COCROFT BOARD MEMBER 3.00 X 0 0 0 EMILY Y DENNEY BOARD MEMBER 3.00 X 0 0 0 JANET C KERMES BOARD MEMBER 3.00 X 0 0 0 JOSEPH P MARRINAN III BOARD MEMBER 3.00 X 0 0 0 PETER J MILLONES JR BOARD MEMBER 3.00 X 0 0 0 BOGDAN NOWAK BOARD MEMBER 3.00 X 0 0 0 DAISY DOUGLAS SAVAGE BOARD MEMBER 3.00 X 0 0 0 KATHRYN C SODERBERG BOARD MEMBER 3.00 X 0 0 0 ANNETTE VALLONE-ROCCHIO BOARD MEMBER 3.00 X 0 0 0 STEPHEN STERLING GENERAL MANAGER 50.00 X 285245 0 28175 DAVID J ARCHAMBAULT ASSISTANT MANAGER 50.00 X 137332 0 0 MICHAEL BACCARI CHEF 50.00 X 110181 0 0 ALEJANDRO HART NIBBRIG CHEF 50.00 X 120319 0 0 LYNN M HORNE CONTROLLER 50.00 X 116360 0 0 WENDY A NIMS HEAD OF DINING SERVICE 50.00 X 120742 0 0 W JAMES RYAN HEAD OF MAINTENANCE 50.00 X 153315 0 0 TREVOR M WEBSTER HEAD OF MAINTENANCE 50.00 X 129520 0 0 KATHLEEN A SWEET SECRETARY 1.00 X 101059 0 0 1274073 0 28175 9 0 1 0 DANA PARZIALE 1035 MONTICELLO DRIVE PINEHURST NC 28374 TENNIS PRO 190083 1 DUES 713990 5725733 5725733 CABANA REVENUE 713990 360125 360125 BATHHOUSE REVENUE 713990 203075 203075 GUEST FEES 713990 127315 127315 CHILDREN'S PROGRAM REVENUE 713990 33800 33800 14990 14990 6465038 157548 43739 113809 2000 0 2000 2000 2000 3144450 3552163 -407713 -395815 -11898 MISC. REVENUE 713990 104270 104270 104270 6321143 6217232 103911 0 438559 1723255 90023 110619 206923 97338 35097 331545 21628 430741 11467 287915 273858 UBI TAX 143456 REPAIRS AND MAINTENANCE 394731 ORCHESTRA 140736 SPECIAL EVENTS 47439 201018 4986348 824521 2344889 3731860 4253042 252545 270660 359046 481444 95392 116714 135134 117820 12578850 7890454 4797910 4688396 1090930 1206688 11287338 13479653 549469 634209 204500 267500 1192141 1436787 1946110 2338496 X 9341228 11141157 9341228 11141157 11287338 13479653 1334795 465134 0 X X 0 1 X 1 0 21585 21585 9724009 5839674 3884335 2591095 1965176 625919 242161 85604 156557 4688396 CASH VALUE OF ANNUITY 1194938 DEFERRED EXPENSES 11750 1206688 DEFERRED COMPENSATION 1195676 DEFERRED TAX LIABILITY 241111 1436787 X 10338440 465134 3552163 4017297 6321143 0 6321143 8538511 3552163 3552163 4986348 0 4986348 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO OCTOBER 31, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES INCLUDED IN NET REVENUE ON TAX RETURN 3,552,163. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES INCLUDED IN NET REVENUE ON TAX RETURN 3,552,163. X 1 1 X X 0 0 0 STEPHEN STERLING GENERAL MANAGER 285245 0 0 0 0 0 0 0 28175 0 313420 0 0 0 W JAMES RYAN HEAD OF MAINTENANCE 153315 0 0 0 0 0 0 0 0 0 153315 0 0 0 SCHEDULE J, PART II, LINE 1, COLUMN D AS PART OF HIS EMPLOYMENT AGREEMENT, THE CLUB MANAGER IS PROVIDED A PERSONAL RESIDENCE ON CLUB PREMISES. THE RESIDENCE IS OFFERED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER IN ORDER TO ALLOW THE CLUB MANAGER TO BE AVAILABLE AT ALL TIMES FOR VARIOUS CLUB FUNCTIONS, INCLUDING MEMBER EVENTS AND BOARD MEETINGS. THE VALUE OF THIS PERSONAL RESIDENCE IS INCLUDED IN NONTAXABLE BENEFITS ON SCHEDULE J, PART II. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CLUB CONSISTS OF TWO CATERGORIES: FOUNDER AND ANNUAL. FOUNDER MEMBERS SHALL CONSTITUTE THE VOTING MEMBERSHIP OF THE CLUB AND POSSESS THE EXCLUSIVE VOTING POWER AT ALL MEETINGS THEREOF. ANNUAL MEMBERS SHALL BE THOSE PERSONS APPROVED AND ELECTED, AS HEREINAFTER PROVIDED, FOR MEMBERSHIP FOR THE REMAINDER OF THE FISCAL YEAR FOLLOWING THEIR APPROVAL AND ELECTION. FOUNDER MEMBERS MAY ALSO BE STOCKHOLDERS, ARE RESPONSIBLE FOR ELECTING THE MEMBERS OF THE BOARD OF GOVERNORS, AND FOR APPROVING SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF GOVERNORS ARE ELECTED FROM AND BY THE FOUNDER MEMBERS AT THE ANNUAL MEETING OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7B FOUNDER MEMBERS ELECT THE MEMBERS OF THE BOARD OF GOVERNORS AND APPROVE ANY CHANGES TO THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS VARIOUS COMMITTEES THAT ARE RESPONSIBLE FOR DIFFERENT ASPECTS OF THE OPERATION OF THE CLUB. WHILE SOME COMMITTEE MEETINGS ARE FORMAL AND RESULT IN WRITTEN MINUTES, THERE ARE ALSO COMMITTEES THAT OPERATE ON A MORE INFORMAL BASIS THAT DOES NOT ALLOW FOR DOCUMENTATION OF COMMITTEE DECISIONS IN THE FORM OF MINUTES. HOWEVER, ALL COMMITTEE DECISIONS MUST GO THE BOARD OF GOVERNORS FOR FINAL APPROVAL. SINCE THE BOARD OF GOVERNORS DOES MAINTAIN MINUTES OF ITS MEETINGS, ANY COMMITTEE DECISIONS ARE DOCUMENTED IN THOSE MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE CLUB'S MANAGER BEFORE IT IS FILED. THE MANAGER OF THE CLUB REVIEWS THE FORM 990 WITH THE BOARD WHO APPROVES THE 990 PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BY-LAWS INCLUDE A CONFLICT OF INTEREST POLICY UNDER ARTICLE III -- THE BOARD OF GOVERNORS. EACH BOARD MEMBER MUST AGREE TO THIS POLICY ON AN ANNUAL BASIS. THE CLUB MANAGER MONITORS AND ENFORCES THE POLICY. ANY CONFLICTS ARISING DURING THE YEAR MUST BE PRESENTED TO THE BOARD OF GOVERNORS AND APPROVED BY THEM ON A TRANSACTION BY TRANSACTION BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE CLUB MANAGER IS CONSIDERED THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZAITON. THE EXECUTIVE COMMITTE IS RESPONSIBLE FOR PERFORMING AN ANNUAL REVIEW OF THE CLUB MANAGER'S PERFORMANCE. AT THIS TIME, THE COMMITTEE WILL UTILIZE COMPENSATION DATA FROM OTHER PRIVATE SOCIAL CLUBS IN DETERMINING THE APPROPRIATE LEVEL OF COMPENSATION FOR ITS CLUB MANAGER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION DOES MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO ITS BOARD OF GOVERNORS AND TO ITS MEMBERS AT THE ANNUAL MEETING. FORM 990, PART XI, ITEM 2C THE ORGANIZATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF ITS FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION B, ITEM 13 WHILE THE ORGANIZATION DOES NOT HAVE A WRITTEN WHISTLEBLOWER POLICY, IT DOES PROVIDE SIMILAR GUIDELINES IN ITS EMPLOYEE HANDBOOK. THE DUNES CORP 137 BOSTON NECK ROAD NARRAGANSETT RI 02882 050398290 LEASE OF REAL ESTATE RI C 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 DUNES CORPORATION D 481444 BALANCE OF BORROWINGS DUNES CORPORATION K 325000 CASH PROVIDED FOR RENT DUNES CORPORATION Q 570028 REIMBURSEMENT OF EXPENSES DUNES CORPORATION E 74000 CASH TRANSFERS DUNES CORPORATION P 17616 STORM DAMAGE EXPENSE REIMBURED