2026-09-15T15:38:48-05:00 2025-10-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-11-01 520326700 GIBSON ISLAND CLUB INC GIBS 4436373776 PO BOX 600 GIBSON ISLAND MD 21056 MITCHELL PAIGE CFO 4436373776 2026-09-15 1 1 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 MITCHELL PAIGE PO BOX 600 GIBSON ISLAND MD 21056 15710861 0 X WWW.GIBSONISLAND.COM X 1921 MD TO CATER TO ITS MEMBERS' NEEDS & PROVIDE A PLACE WHERE MEMBERS CAN SOCIALIZE WITH PEERS. THE CLUB PROVIDES FACILITIES SUCH AS A MARINA, GOLF COURSE, TENNIS COURTS, & DINING ROOM 20 20 244 20 699144 71948 0 0 5360771 7087059 5550 74668 6931142 7436368 12297463 14598095 0 0 0 0 6656752 7163218 0 0 0 5015334 5299925 11672086 12463143 625377 2134952 21311075 22177976 15674832 14861486 5636243 7316490 X SEE SCHEDULE O. 0 0 TAX EXEMPT CLUB ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 26 0 1 244 1 1 1 0 0 0 0 2760942 961343 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MITCHELL PAIGE 4436373776 PO BOX 600 GIBSON ISLAND MD 21056 X ARMOND SPIKELL PRESIDENT 3.00 X X 0 0 0 MARGARET BUTLER VICE PRESIDENT 3.00 X X 0 0 0 JESS L BAILY SECOND VICE PRESIDENT 3.00 X X 0 0 0 BENJAMIN S LENTZ TREASURER 3.00 X X 0 0 0 ANNA KIMSEY EDWARDS SECRETARY 3.00 X X 0 0 0 CHRISTINE W CROSS MEMBER-AT-LARGE 3.00 X X 0 0 0 COURTNEY B BURNHAM GOVERNOR 3.00 X 0 0 0 CASEY HARTE GOVERNOR 3.00 X 0 0 0 WILLIAM J SAUERS GOVERNOR 3.00 X 0 0 0 RICHARD C EDMUNDS GOVERNOR 3.00 X 0 0 0 MARK GOULD GOVERNOR 3.00 X 0 0 0 STEVE SCHUH GOVERNOR 3.00 X 0 0 0 THOMAS D FOARD GOVERNOR 3.00 X 0 0 0 RICHARD J SKAYHAN GOVERNOR 3.00 X 0 0 0 NINA B TRACEY GOVERNOR 3.00 X 0 0 0 FREDERICK BEDDARD GOVERNOR 3.00 X 0 0 0 ELIZABETH S HOBELMANN GOVERNOR 3.00 X 0 0 0 SARAH KANNE GOVERNOR 3.00 X 0 0 0 BONITA B HEARN GOVERNOR 3.00 X 0 0 0 SCOTT AMBLER GOVERNOR 3.00 X 0 0 0 JOHN BERISH ISLAND GENERAL MANAGER 24.00 16.00 X 193007 100887 13390 JAMES HUDOCK EXECUTIVE CHEF 40.00 X 211215 0 11816 DAVID GROSSMAN GOLF PROFESSIONAL 40.00 X 176728 0 11811 DENVER SANNER HARBORMASTER 40.00 X 136193 0 5360 TIMOTHY HEATH BOATWORKS GENERAL MANAGER 40.00 X 119032 0 5108 836175 100887 47485 5 0 1 0 0 MEMBERSHIP DUES 713910 4326117 4326117 CAPITAL FUND FEE 713910 2194419 2194419 INITIATION FEES 713910 566523 566523 7087059 74668 74668 8549134 1112766 7436368 6811892 624476 14598095 13898951 699144 0 226346 5872557 73620 482850 507845 11393 53895 58519 344572 117799 1473558 141770 654936 291250 FOOD & BEV OPERATIONS 654496 GOLF COURSE OPERATIONS 654274 OTHER DEPTS OPERATIONS 448265 UNRELATED BUS. INC. TAX 1295 393903 12463143 2276174 690647 2772562 1189774 1346786 578485 534543 151549 146820 15618630 7660012 7319182 7958618 9795911 8728000 21311075 22177976 931438 1067956 372342 14384478 4275316 358916 9145872 15674832 14861486 X 5636243 7316490 5636243 7316490 21311075 22177976 2134952 -454705 0 X 0 1 X 1 0 13918455 6866115 7052340 465634 396887 68747 1234541 397010 837531 7958618 RIGHT-OF-USE ASSET, OPERATING LEASE 8728000 8728000 OPERATING LEASES PAYABLE 9145872 9145872 15264022 1112766 1112766 14151256 446839 446839 14598095 13129070 1112766 1112766 12016304 446839 446839 12463143 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,112,766. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS UP OF SERVICE CHARGES 446,839. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,112,766. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS UP OF SALARIES AND WAGES 446,839. X X X X X 0 0 0 JOHN BERISH ISLAND GENERAL MANAGER 159091 100887 32939 0 977 0 7681 0 5709 0 206397 100887 0 0 JAMES HUDOCK EXECUTIVE CHEF 191215 0 20000 0 0 0 7649 0 4167 0 223031 0 0 0 DAVID GROSSMAN GOLF PROFESSIONAL 160617 0 15886 0 225 0 7069 0 4742 0 188539 0 0 0 PART III - LINE 1 THE GIBSON ISLAND CLUB, INC. ENHANCED BY THE UNIQUE NATURAL ENVIRONMENT OF ITS ISLAND LOCATION, IS A SPORT ORIENTATED CLUB WITH PARTICULAR EMPHASIS ON FAMILY PROGRAMS. OPERATING FROM A SOUND FINANCIAL BASIS AND SUSTAINING ITS FACILITIES IN GOOD REPAIR, THE CLUB PROVIDES SUPERIOR FOOR AND SERVICES TO MEET THE NEEDS AND INTEREST OF ITS MEMBERS, BOTH ON AND OFF THE ISLAND. FORM 990, PART VI, SECTION A, LINE 6 THE GIBSON ISLAND CLUB, INC. WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE (OUTGOING BOARD) PROPOSES NAMES AT THE ANNUAL MEETING THAT ARE UP FOR ELECTION. NOMINATIONS CAN ALSO COME FROM THE FLOOR (ANY MEMBER). MEMBERS AND PROXIES VOTE AT THE ANNUAL MEETINGS. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO MEMBER APPROVAL AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FOLLOWING PROCEDURES SHOULD BE COMPLETED: 1. FINANCIAL REVIEW RECONCILE FORM 990 REVENUE, EXPENSES, ASSETS, LIABILITIES, AND NET ASSETS TO THE FINAL GENERAL LEDGER AND AUDITED OR REVIEWED FINANCIAL STATEMENTS. SIGNIFICANT DIFFERENCES SHOULD BE INVESTIGATED AND DOCUMENTED. 2. PRIOR-YEAR COMPARISON COMPARE THE DRAFT RETURN TO THE PRIOR YEAR'S FORM 990 AND INVESTIGATE SIGNIFICANT CHANGES IN FINANCIAL RESULTS, COMPENSATION, GOVERNANCE RESPONSES, PROGRAMS, RELATED PARTIES, AND OTHER DISCLOSURES. 3. ORGANIZATIONAL AND GOVERNANCE REVIEW VERIFY THE ACCURACY OF THE ORGANIZATION'S MISSION, PROGRAM DESCRIPTIONS, OFFICERS AND DIRECTORS, BOARD INDEPENDENCE, GOVERNANCE POLICIES, CONFLICT-OF-INTEREST DISCLOSURES, AND SCHEDULE O EXPLANATIONS. 4. COMPENSATION AND RELATED-PARTY REVIEW CONFIRM COMPENSATION REPORTED FOR OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES. REVIEW TRANSACTIONS WITH BOARD MEMBERS, OFFICERS, RELATED ENTITIES, AND OTHER INTERESTED PERSONS FOR APPROPRIATE DISCLOSURE. 5. TAX COMPLIANCE REVIEW CONFIRM THAT ALL REQUIRED SCHEDULES HAVE BEEN INCLUDED AND EVALUATE MATTERS INVOLVING UNRELATED BUSINESS INCOME, FORM 990-T, PAYROLL REPORTING, LOBBYING, FOREIGN ACTIVITIES, AND OTHER APPLICABLE TAX COMPLIANCE REQUIREMENTS. 6. MANAGEMENT APPROVAL THE CFO AND CEO/EXECUTIVE DIRECTOR SHOULD REVIEW THE SUBSTANTIALLY FINAL RETURN AND RESOLVE ANY QUESTIONS WITH THE TAX PREPARER BEFORE BOARD DISTRIBUTION. 7. BOARD REVIEW A COMPLETE COPY OF THE FINAL FORM 990, INCLUDING APPLICABLE SCHEDULES, SHOULD BE PROVIDED TO ALL VOTING BOARD MEMBERS BEFORE FILING. BOARD MEMBERS SHOULD BE GIVEN AN OPPORTUNITY TO RAISE QUESTIONS OR IDENTIFY CORRECTIONS. 8. FINAL FILING FOLLOWING RESOLUTION OF COMMENTS, MANAGEMENT SHOULD CONFIRM THAT ALL AGREED CHANGES HAVE BEEN INCORPORATED, AUTHORIZE ELECTRONIC FILING, AND RETAIN THE FINAL RETURN, FILING AUTHORIZATION, AND IRS ACCEPTANCE CONFIRMATION. FORM 990, PART VI, SECTION B, LINE 12C DUE TO THE SIZE OF THE CLUB, THE BOARD IS AWARE OF EACH MEMBERS BUSINESS INTERESTS. ALSO THE MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY, ANY INTERESTS THAT ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS SURVEYS PROVIDED BY OUTSIDE ACCOUNTANTS OF COMPARABLE CLUBS WHEN DETERMINING COMPENSATION FOR TOP MANAGEMENT. THESE FINDINGS ARE THEN PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. GIBSON ISLAND CORPORATION PO BOX 600 GIBSON ISLAND MD 21056 520326710 COMMUNITY SVC MD N/A C 5743821 20923163 1.00000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 GIBSON ISLAND CORPORATION K 490062 FMV