2026-09-15T16:35:22-05:00 2025-10-31 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2024-11-01 530050980 CONGRESSIONAL COUNTRY CLUB INC CONG 3014692000 8500 RIVER ROAD BETHESDA MD 20817 CHRIS TESSONE CHIEF BUSINESS OFFICER 3014692000 2026-09-12 1 1 ZACHARY SEGAL P01511850 3016529100 2026-07-15 2024 JEFFREY KREAFLE 8500 RIVER ROAD BETHESDA MD 20817 67039646 0 X WWW.CCCLUB.ORG X 1941 MD CONGRESSIONAL COUNTRY CLUB IS A FULL AMENITY PRIVATE CLUB COMMITTED TO PROVIDING ITS MEMBERS WITH ACCESS TO PROFESSIONAL LEVEL CHAMPIONSHIP QUALITY GOLF COURSES, TENNIS COURTS, SWIMMING POOLS AND FITNESS FACILITIES. THE CLUB ALSO PROVIDES MEMBERS, THEIR FAMILIES AND THEIR GUESTS WITH NUMEROUS OPTIONS FOR FINE DINING RESTAURANT EXPERIENCES AND GOURMET BANQUET AND CATERING SERVICES. 15 15 564 134 4106254 1280057 0 0 42271178 45819166 187016 697438 9279219 9335160 51737413 55851764 0 0 0 0 27636649 29971301 0 0 0 20134579 20047240 47771228 50018541 3966185 5833223 93334151 98850380 25081792 24775357 68252359 74075023 X CONGRESSIONAL COUNTRY CLUB IS A FULL AMENITY PRIVATE CLUB COMMITTED TO PROVIDING ITS MEMBERS WITH ACCESS TO PROFESSIONAL LEVEL CHAMPIONSHIP QUALITY GOLF COURSES, TENNIS COURTS, SWIMMING POOLS AND FITNESS FACILITIES. THE CLUB ALSO PROVIDES MEMBERS, THEIR FAMILIES AND THEIR GUESTS WITH NUMEROUS OPTIONS FOR FINE DINING RESTAURANT EXPERIENCES AND GOURMET BANQUET AND CATERING SERVICES. 0 0 CONGRESSIONAL COUNTRY CLUB GREENS AND GROUNDS DEPARTMENT MAINTAINS 36 HOLES OF PGA TOURNAMENT CALIBER GOLF COURSES AT THE HIGHEST INDUSTRY STANDARDS. AS A RESULT, THE CLUB IS FREQUENTLY ASKED TO HOST PGA SANCTIONED AND OTHER PRIVATE TOURNAMENTS FROM WHICH WE SELECT A FEW. CONGRESSIONAL COUNTRY CLUB BOASTS THREE STATE OF THE ART KITCHENS THAT PROVIDE GOURMET RESTAURANT AND CATERING SERVICES THROUGHOUT THE HISTORIC CLUBHOUSE AND THE SURROUNDING 580 DAZZLING ACRES. CONGRESSIONAL'S STAFF ARE SOME OF THE WORLD'S LEADING PGA CERTIFIED INSTRUCTORS. THESE PROS CAN HELP YOU IMPROVE YOUR SWING IN ONE OF THE MANY INNOVATIVE PRIVATE CLASSES, CLINICS OR PROGRAMS OFFERED. THE GOLF AND TENNIS PRO SHOPS SELL PGA AND DESIGNER BRAND CLOTHING, ACCESSORIES AND EQUIPMENT FOR ALL SEASONS. 0 0 0 0 0 1 0 0 0 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 87 0 1 564 1 1 1 0 0 0 1 1 8750100 5253258 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X JEFFREY KREAFLE 3014692000 8500 RIVER ROAD BETHESDA MD 20817 CLAY FITZGERALD PRESIDENT (UNTIL 12/24) 1.00 X X 0 0 0 GRAYSON S HANES PRESIDENT 1.00 X X 0 0 0 DEAN C BUNCH VICE PRESIDENT 1.00 X X 0 0 0 MARY NORDBERG O'CONNOR SECRETARY 1.00 X X 0 0 0 KEVIN P DESANTO TREASURER 1.00 X X 0 0 0 CREIGHTON J ARMSTRONG DIRECTOR 1.00 X 0 0 0 NICHOLAS J DENOVIO DIRECTOR 1.00 X 0 0 0 ELIZABETH ESTES ADAMS DIRECTOR 1.00 X 0 0 0 CHRISTINA FRY GIULIERI DIRECTOR 1.00 X 0 0 0 CHARLES R HANLEY III EXECUTIVE COMMMITTEE MEMBER 1.00 X 0 0 0 DAVID H LATIMER EXECUTIVE COMMMITTEE MEMBER 1.00 X 0 0 0 JEROME J MCGRATH DIRECTOR 1.00 X 0 0 0 JOSE E MURILLO DIRECTOR 1.00 X 0 0 0 ELENI ROUMEL DIRECTOR 1.00 X 0 0 0 STEPHEN A SPENCER DIRECTOR 1.00 X 0 0 0 GEOFF TRACY DIRECTOR 1.00 X 0 0 0 JEFFREY S KREAFLE GENERAL MANAGER/CEO 40.00 X 996256 0 61772 CHRISTOPHER TESSONE CHIEF BUSINESS OFFICER 40.00 X 279943 0 18543 JASON A EPSTEIN PGA DIRECTOR OF ATHLETICS 40.00 X 722459 0 29867 PETER M WENDT DIR OF GOLF AND GROUNDS MAINTENANCE 40.00 X 529038 0 53550 MARGARITA A GRIGORYEV ASST. GENERAL MANAGER 40.00 X 324001 0 24876 ELIZABETH GREGORY DIRECTOR OF TEAM MEMBER ENGAGEMENT 40.00 X 209597 0 31977 MARSHALL CARPENTER DIRECTOR OF TENNIS 40.00 X 223999 0 24252 MATTHEW MORRISON DIRECTOR OF FOOD & BEVERAGE 40.00 X 263857 0 28002 JOHN RATTAN DIRECTOR OF INSTRUCTION 40.00 X 217791 0 33427 THERESA SOPPELSA DIRECTOR OF FITNESS 40.00 X 208073 0 33619 DANIEL PALMIOTTO DIRECTOR OF AQUATICS & BOWLING 40.00 X 177268 0 25861 4152282 0 365746 34 0 1 0 TORRES RENOVATION LLC 8800 PRIMULA DRIVE LAYTONSVILLE MD 20882 CONTRACTING SERVICES 308006 1 MEMBERSHIP DUES 713910 20439640 20439640 GOLF OPERATIONS 713910 6233253 5363008 870245 ENTRANCE FEES 713910 5324760 5324760 FOOD & BEV FEES 722513 3877334 3157966 719368 OTHER ATHLETIC FEES 713910 3834960 3834960 6109219 5643485 465734 45819166 659148 659148 2759000 2701753 18957 57247 -18957 38290 57247 -18957 17802332 8467172 9335160 8000648 1334512 55851764 51764467 4106254 -18957 3485265 21165477 1016166 2611249 1693144 30368 98372 2012099 3062832 298998 1855431 207083 249355 281497 4502022 603905 GROUNDS MAINTENANCE 1644322 REPAIRS & MAINTENANCE 851925 LAUNDRY 820912 INCOME TAXES 232008 3296111 50018541 11715342 18843720 7797563 6953580 2120883 2113217 622013 675006 128736683 62107884 67210216 66628799 1076104 1122874 1205003 319110 1587027 2194074 93334151 98850380 4885379 5325172 4785718 5034479 5441058 4440716 9969637 9974990 25081792 24775357 X 68252359 74075023 68252359 74075023 93334151 98850380 5833223 -10559 0 X 0 1 X 1 0 X 1 59.06 0 0 1 1 40.00 2219343 2219343 86022426 49132816 36889610 9457103 6027728 3429375 31037811 6947340 24090471 66628799 PROPOSAL/SOCIAL GUEST DEPOSITS 7685000 DEFERRED COMPENSATION 1940050 OPERATING LEASE LIABILITY 349940 9974990 X 64308377 -10559 8467172 8456613 55851764 0 55851764 58485713 8467172 8467172 50018541 0 50018541 PART II, LINE 9: CONGRESSIONAL COUNTRY CLUB HAS 59.06 ACRES OF LAND DESIGNATED AS AN EASEMENT FOR THE PROTECTION OF A NATURAL HABITAT. THE VALUE OF THE EASEMENT IS CONTAINED WITHIN THE VALUE OF LAND ON THE CLUB'S BALANCE SHEET. THE CLUB COMPLIES WITH GUIDELINES FROM THE MARYLAND-NATIONAL CAPITAL PARK AND PLANNING COMMISSION, THE DEPARTMENT WITHIN THE MONTGOMERY COUNTY GOVERNMENT RESPONSIBLE FOR ENFORCEMENT AND INSPECTION OF THE EASEMENTS THROUGHOUT THE COUNTY. NO REVENUES OR EXPENSES ARE RECORDED IN CONNECTION WITH THE MAINTENACE OF THE EASEMENTS AS THE CLUB IS PROHIBITED FROM DEVELOPING OR MAINTAINING THE LAND. THE PURPOSE OF THE EASEMENT IS TO PRESERVE THE LAND SO THAT IT REMAINS IN ITS NATURAL STATE. PART X, LINE 2: THE CLUB APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE CLUB IS SUBJECT TO INCOME TAXES ON REVENUE GENERATED FROM SOURCES UNRELATED TO ITS EXEMPT PURPOSE. DUE TO ITS TAX-EXEMPT STATUS, THE CLUB IS NOT SUBJECT TO INCOME TAXES ON REVENUE THAT ARE GENERATED RELATED TO ITS EXEMPT PURPOSE. THE CLUB IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. DURING THE YEARS ENDED OCTOBER 31, 2025 AND 2024, THE CLUB EARNED UNRELATED BUSINESS INCOME FROM THE PUBLIC USE OF CLUB FACILITIES. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. THE CLUB FILES INFORMATIONAL AND INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF OCTOBER 31, 2025 AND 2024, AND FOR THE YEARS THEN ENDED, THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR TAX PENALTIES. INCOME TAX RETURNS FILED BY THE CLUB ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 8,467,172. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 8,467,172. X 1 1 X X X 0 1 0 JEFFREY S KREAFLE GENERAL MANAGER/CEO 722036 0 271170 0 3050 0 36800 0 24972 0 1058028 0 0 0 JASON A EPSTEIN PGA DIRECTOR OF ATHLETICS 554204 0 168255 0 0 0 13800 0 16067 0 752326 0 0 0 PETER M WENDT DIR OF GOLF AND GROUNDS MAINTENANCE 475127 0 51511 0 2400 0 36800 0 16750 0 582588 0 0 0 MARGARITA A GRIGORYEV ASST. GENERAL MANAGER 311290 0 12711 0 0 0 8126 0 16750 0 348877 0 0 0 CHRISTOPHER TESSONE CHIEF BUSINESS OFFICER 256129 0 22814 0 1000 0 11708 0 6835 0 298486 0 0 0 MATTHEW MORRISON DIRECTOR OF FOOD & BEVERAGE 250998 0 12859 0 0 0 10835 0 17167 0 291859 0 0 0 JOHN RATTAN DIRECTOR OF INSTRUCTION 214913 0 2878 0 0 0 9044 0 24383 0 251218 0 0 0 MARSHALL CARPENTER DIRECTOR OF TENNIS 222346 0 1653 0 0 0 0 0 24252 0 248251 0 0 0 THERESA SOPPELSA DIRECTOR OF FITNESS 195211 0 12862 0 0 0 8651 0 24968 0 241692 0 0 0 ELIZABETH GREGORY DIRECTOR OF TEAM MEMBER ENGAGEMENT 186692 0 22905 0 0 0 8661 0 23316 0 241574 0 0 0 DANIEL PALMIOTTO DIRECTOR OF AQUATICS & BOWLING 169506 0 7762 0 0 0 7068 0 18793 0 203129 0 0 0 PART I, LINE 1A THE GENERAL MANAGER HAS A DISCRETIONARY SPENDING ACCOUNT WHICH IS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B THE GENERAL MANGER/CEO, JEFFREY S KREAFLE, AND DIRECTOR OF GOLF & GROUNDS, PETER M WENDT, PARTICIPATE IN A 457(F) RETIREMENT PLAN. FORM 990, PART VI, SECTION A, LINE 6 AS OF OCTOBER 31, 2025, THE CLUB HAD 20 MEMBERSHIP CATEGORIES AND ALMOST 3,900 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS IN THE FOLLOWING CATEGORIES, RESIDENT - ACTIVE (RA, RT), RESIDENT - ABSENT (RX), SENIOR (SR), HONORARY LIFE (HL) AND BENEFICIARY (BA, BT, BS), HAVE THE RESPONSIBILITY TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE SAME MEMBERS THAT ELECT THE GOVERNING BODY, THOSE IN CATEGORIES RA, RT, RX, HL, BA, BT, AND BS, ARE REQUIRED TO VOTE ON ISSUES RELATED TO DUES AND ASSESSMENTS, CAPITAL EXPENDITURES IN EXCESS OF THREE PERCENT OF THE PRIOR YEAR'S ANNUAL REVENUES AND THE USE OF THE CLUB'S FACILITIES FOR PROFESSIONAL ATHLETIC TOURNAMENTS. FORM 990, PART VI, SECTION B, LINE 11B AS SOON AS THE CLUB'S AUDITED FINANCIAL STATEMENTS ARE FINALIZED, MANAGEMENT BEGINS TO COMPILE THE DATA REQUIRED FOR DISCLOSURE ON FORM 990. THE CLUB ENGAGES THE FIRM THAT CONDUCTS THE FINANCIAL STATEMENT AUDIT TO PREPARE FORM 990 BASED ON THE DATA COMPILED BY MANAGEMENT. THE ACCOUNTING FIRM PROVIDES THE FIRST DRAFT OF THE 990 TO THE DIRECTOR OF REPORTING AND ANALYTICS WHO REVIEWS THE RETURN. THE AUDIT COMMITTEE THEN REVIEWS THE RETURN AND SHARES GUIDANCE AND SUGGESTIONS WITH MANAGEMENT ON THE DISCLOSURES. ONCE THE REVISED DRAFT INCLUDES ANY RECOMMENDATIONS PRESENTED BY THE AUDIT COMMITTEE, THE DRAFT IS MADE AVAILABLE FOR REVIEW BY THE BOARD OF GOVERNORS. THE BOARD MEMBERS HAVE ACCESS TO MANAGEMENT AND THE AUDIT COMMITTEE IN ORDER TO RESOLVE ANY QUESTIONS AND SHARE ANY COMMENTS. THE TAX RETURNS ARE THEN PRESENTED TO THE GENERAL MANAGER FOR HIS SIGNATURE AS AN OFFICER OF THE CLUB. THE ACCOUNTING FIRM ALSO SIGNS THE RETURN AS PAID PREPARER. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB HAS IMPLEMENTED A CONFLICT OF INTEREST POLICY IN ORDER TO PREVENT THE INSTITUTIONAL OR PERSONAL INTERESTS OF CONGRESSIONAL COUNTRY CLUB BOARD OFFICERS, GOVERNORS, STANDING COMMITTEE CHAIRS OR SENIOR STAFF FROM INTERFERING WITH THE PERFORMANCE OF THEIR DUTIES TO CONGRESSIONAL COUNTRY CLUB, AND TO ENSURE THAT THERE IS NO PERSONAL, PROFESSIONAL, OR POLITICAL GAIN AT THE EXPENSE OF CONGRESSIONAL COUNTRY CLUB. A CONFLICT OF INTEREST IS DEFINED AS AN INTEREST THAT MIGHT AFFECT, OR MIGHT REASONABLY APPEAR TO AFFECT, THE JUDGMENT OR CONDUCT OF ANY BOARD OFFICER, GOVERNOR, STANDING COMMITTEE CHAIR OR SENIOR STAFF IN A MANNER THAT IS ADVERSE TO THE INTERESTS OF CONGRESSIONAL COUNTRY CLUB. THIS POLICY IS NOT DESIGNED TO ELIMINATE RELATIONSHIPS AND ACTIVITIES THAT MAY CREATE A DUALITY OF INTEREST, BUT TO REQUIRE THE DISCLOSURE OF ANY CONFLICTS OF INTEREST AND THE RECUSAL OF ANY INTERESTED PARTY IN A DECISION RELATING THERETO. WHENEVER ANY GOVERNOR HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST WITH CONGRESSIONAL COUNTRY CLUB, HE OR SHE SHALL NOTIFY THE BOARD PRESIDENT OF SUCH CONFLICT IN WRITING. WHENEVER ANY SENIOR STAFF MEMBER (PAID OR VOLUNTEER) HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST WITH CONGRESSIONAL COUNTRY CLUB, HE OR SHE SHALL NOTIFY THE CEO OF SUCH CONFLICT IN WRITING. WHEN ANY CONFLICT OF INTEREST IS RELEVANT TO A MATTER THAT COMES UNDER CONSIDERATION OR REQUIRES ACTION BY THE BOARD, OR A BOARD COMMITTEE, THE INTERESTED PERSON SHALL CALL IT TO THE ATTENTION OF THE BOARD PRESIDENT AND SHALL NOT BE PRESENT DURING BOARD OR COMMITTEE DISCUSSION OR DECISION ON THE MATTER. HOWEVER, THAT PERSON SHALL PROVIDE THE BOARD OR APPLICABLE COMMITTEE WITH ANY AND ALL RELEVANT INFORMATION ON THE PARTICULAR MATTER. THE MINUTES OF THE MEETING OF THE BOARD OR ITS COMMITTEE SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED, THAT THE INTERESTED PERSON WAS NOT PRESENT DURING DISCUSSION OR DECISION ON THE MATTER, AND DID NOT VOTE. A COPY OF THIS CONFLICT-OF-INTEREST POLICY SHALL BE FURNISHED TO EACH BOARD OFFICER, GOVERNOR, STANDING COMMITTEE CHAIR AND SENIOR STAFF THAT IS PRESENTLY SERVING THIS ORGANIZATION OR THAT MAY BECOME ASSOCIATED WITH IT. THIS POLICY AND ITS APPLICATION SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF BOARD OFFICERS, GOVERNORS, STANDING COMMITTEE CHAIRS AND SENIOR STAFF, EACH OF WHOM HAS A CONTINUING RESPONSIBILITY TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS OF INTEREST, AND MAKE SUCH DISCLOSURES AS DESCRIBED IN THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 IN ORDER TO DETERMINE THE CLUB GM'S COMPENSATION, THE CLUB'S COMPENSATION COMMITTEE, COMPRISED OF THE PRESIDENT, VICE PRESIDENT AND PAST PRESIDENT, OBTAINED COUNTRY CLUB AND PRIVATE CLUB COMPENSATION STUDIES PREPARED BY INDEPENDENT THIRD PARTIES. USING THIS DATA AS A BENCHMARK, THE COMMITTEE CONSIDERED THE CLUB'S SIZE, THE GM'S RESPONSIBILITIES AND HIS RELATED PERFORMANCE IN ORDER TO PREPARE AND AWARD THE GM'S COMPENSATION PACKAGE. THIS COMPENSATION PACKAGE WAS ALSO BELIEVED TO BE FAIR AND REFLECTIVE OF THE THEN CURRENT MARKET CONDITIONS BY SUBSEQUENT COMPENSATION COMMITTEES THAT HAVE REVIEWED THE GM'S CONSISTENT PERFORMANCE AND, AS PROVIDED FOR IN HIS CONTRACTS, AWARDED BONUSES BASED UPON HIS PERFORMANCE AGAINST PRE-ESTABLISHED CRITERIA DETERMINED BY THE BOARD OF GOVERNORS. EXECUTIVE COMPENSATION DECISIONS ARE MADE AFTER REVIEWING DATA FROM COMPARABLE ORGANIZATIONS THROUGH DATA SUBSCRIPTION SERVICES AND REVIEW OF COMPARABLE CLUB FINANCIAL DATA, INVOLVE INPUT FROM INDEPENDENT MEMBER LEADERSHIP, AND ARE DOCUMENTED PRIOR TO IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS THAT ARE REQUIRED BY STATE OR FEDERAL LAW TO BE OPEN TO PUBLIC INSPECTION SHALL BE DISTRIBUTED UPON VERBAL OR WRITTEN REQUEST - NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC.