2024-11-18T17:04:08-05:00 2023-12-31 570661343 JENNINGS COOK & CO CPA'S PA PO BOX 25937 GREENVILLE SC 29616 990 2023-01-01 570227800 POINSETT CLUB POIN 8642423062 807 EAST WASHINGTON STREET GREENVILLE SC 29601 BRENT REEDER GM/COO 8642423062 2024-11-07 true false JENNIFER E NEFF P00455016 8642974700 2024-11-08 2023 2024-10-15 13:58:12Z BRENT REEDER 807 EAST WASHINGTON STREET GREENVILLE SC 29601 5362307 false X WWW.POINSETTCLUB.ORG X 1935 SC PROVISION OF FINE FOOD, EXCELLENT SERVICE AND OUTSTANDING VALUE TO ITS MEMBERS. 13 13 99 482797 22101 0 5155614 5294375 4824 21863 38665 46069 5199103 5362307 0 0 915320 950496 0 0 3978078 4300429 4893398 5250925 305705 111382 4797493 4914946 968200 959067 3829293 3955879 X THE MISSION IS TO BE THE PREMIER SOCIAL CLUB IN THE SOUTHEAST BY PROVIDING OUTSTANDING, QUALITY FOOD AND SERVICE IN A PLEASING ENVIRONMENT AT A RECOGNIZED VALUE TO MEMBERS. false false NAMED A PLATINUM CLUB OF THE WORLD SINCE 2020, IN ADDITION TO A PLATINUM CLUB OF AMERICA SINCE 2003, THE POINSETT CLUB IS CLASSIFIED AS ONE OF ONLY 35 FIVE-STAR PRIVATE CLUBS IN THE UNITED STATES. DURING THE CURRENT YEAR, THE CLUB SERVICED APPROXIMATELY 1,222 MEMBERS. NAMED A PLATINUM CLUB OF THE WORLD SINCE 2020, IN ADDITION TO A PLATINUM CLUB OF AMERICA SINCE 2003, THE POINSETT CLUB IS CLASSIFIED AS ONE OF ONLY 35 FIVE-STAR PRIVATE CLUBS IN THE UNITED STATES. DURING THE CURRENT YEAR, THE CLUB SERVICED APPROXIMATELY 1,222 MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 16 0 true 99 true true true false false false true true 80300 459696 false false false X 13 13 false false false false true true true true true false false false true true true false false true true false SC X SUZANNE VAN SPLINTER 8642423062 807 E WASHINGTON STREET GREENVILLE SC 29601 BRENT REEDER GM/COO 50.00 X 320538 0 6247 THOMAS M BATES PRESIDENT EL 5.00 X X 0 0 0 GARY F CALDWELL IMMEDIATE PA 5.00 X X 0 0 0 THOMAS H COKER BOARD MEMBER 5.00 X 0 0 0 PHYLLIS P GRAYDON BOARD MEMBER 5.00 X 0 0 0 MACK L HOWARD VICE PRESIDE 5.00 X X 0 0 0 W TAFT MATNEY PRESIDENT 5.00 X X 0 0 0 MICHAEL W MIDDLETON BOARD MEMBER 5.00 X 0 0 0 KEITH L MILLER BOARD MEMBER 5.00 X 0 0 0 ARTHUR F MCLEAN BOARD MEMBER 5.00 X 0 0 0 ROSS B PLYER BOARD MEMBER 5.00 X 0 0 0 DAVID D RAMSEUR SECRETARY 5.00 X X 0 0 0 ELIZABETH A SEMAN BOARD MEMBER 5.00 X 0 0 0 K MICHAEL SHORT SECRETARY 5.00 X X 0 0 0 320538 6247 2 false true false FOOD & BEVERAGE 722511 2976836 2976836 DUES 722511 1604774 1604774 FOOD & BEVERAGE 722511 459696 459696 ACCOUNT MAINTENANCE FEES 722511 171531 171531 INITIATION FEES 722511 80300 80300 1238 1238 5294375 21863 21863 MISCELLANEOUS REVENUE 900099 46069 46069 46069 5362307 4879510 482797 418079 335161 31052 113738 52466 52788 36430 196410 16307 121584 286205 60053 FOOD & BEVERAGE EXPENSE 2244234 COST OF SALES 1000028 MAINTENANCE & REPAIRS 98231 PROGRAM SUPPLIES 34808 153351 5250925 0 0 0 2000 2000 1344133 787762 1291569 1091881 211199 202961 44449 48020 9113689 7243541 1904143 1870148 912174 4797493 4914946 521076 510480 310064 337087 137060 111500 968200 959067 X 3829293 3955879 3829293 3955879 4797493 4914946 X 111382 15204 X X false true X true false 227750 227750 6628943 5200261 1428682 2256996 2043280 213716 1870148 OTHER DEPOSITS 111500 111500 X 2133249 15204 15204 2118045 3244262 3244262 5362307 2006663 2006663 3244262 3244262 5250925 SCHEDULE D, PAGE 3, PART X THE CLUB IS A TAX EXEMPT CORPORATION UNDER INTERNAL REVENUE CODE 501(C)7 FOR FEDERAL AND STATE INCOME TAX PURPOSES. INCOME TAXES ARE PROVIDED ON INCOME, NET RELATED EXPENSES, FROM ACTIVITIES UNRELATED TO THE CLUB'S TAX EXEMPT PURPOSES. MANAGEMENT EVALUATES THE CLUB'S TAX POSITIONS ON A PERIODIC BASIS AND HAS CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE CLUB IS NO LONGER SUBJECT TO INCOME EXAMINATIONS BY THE FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2019. SCHEDULE D, PAGE 4, PART XI, LINE 4B COST OF SALES NET WITH REVENUE ON AUDITED FINANCIAL STMTS 3,244,262 SCHEDULE D, PAGE 4, PART XII, LINE 4B COST OF SALES NET WITH REVENUE ON AUDITED FINANCIAL STMTS 3,244,262 X true true X X X X false false false BRENT REEDER GM/COO 237000 59250 24288 6247 326785 FORM 990, PAGE 2, PART III, LINE 4D NAMED A PLATINUM CLUB OF THE WORLD SINCE 2020, IN ADDITION TO A PLATINUM CLUB OF AMERICA SINCE 2003, THE POINSETT CLUB IS CLASSIFIED AS ONE OF ONLY 35 FIVE-STAR PRIVATE CLUBS IN THE UNITED STATES. DURING THE CURRENT YEAR, THE CLUB SERVICED APPROXIMATELY 1,222 MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 AS A 501(C)(7) ORGANIZATION, THIS ENTITY HAS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS VOTE ANNUALLY FOR THE OFFICERS AND BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES MADE TO THE BYLAWS, IF ANY, ARE VOTED ON BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PROVIDED TO THE AUDIT & FINANCE COMMITTEE CHAIR, PRESIDENT, COO AND CONTROLLER. SUGGESTED COMMENTS AND CHANGES ARE CONSIDERED AND MADE PRIOR TO FILING AS DEEMED APPROPRIATE. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICTS OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS. IN THE EVENT THAT A POTENTIAL CONFLICT SHALL ARISE DURING THE YEAR, THE INTERESTED BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND/OR VOTE. FORM 990, PAGE 6, PART VI, LINE 15A EACH YEAR A COMMITTEE, MADE UP OF PAST AND PRESENT PRESIDENTS OF THE BOARD, IS SURVEYED REGARDING THE GM/COO'S PERFORMANCE IN ORDER TO DETERMINE ANNUAL COMPENSATION. THE COMMITTEE ALSO UTILIZES A COMPENSATION AND BENEFITS REPORT COMPILED BY THE CLUB MANAGERS ASSOCIATION OF AMERICA (CMAA), WHICH COMPARES MANAGEMENT SALARIES OF 862 CMAA MEMBERS. THIS REPORT ENSURES THAT COMPENSATION IS REASONABLE. THE DECISION IS DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 15B EACH YEAR A COMMITTEE, MADE UP OF PAST AND PRESENT PRESIDENTS OF THE BOARD, IS SURVEYED REGARDING THE GM/COO'S PERFORMANCE IN ORDER TO DETERMINE ANNUAL COMPENSATION. THE COMMITTEE ALSO UTILIZES A COMPENSATION AND BENEFITS REPORT COMPILED BY THE CLUB MANAGERS ASSOCIATION OF AMERICA (CMAA), WHICH COMPARES MANAGEMENT SALARIES OF 862 CMAA MEMBERS. THIS REPORT ENSURES THAT COMPENSATION IS REASONABLE. THE DECISION IS DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 COST OF SALES NET WITH REVENUE ON AUDITED FINANCIAL STMTS -3,244,262 COST OF SALES NET WITH REVENUE ON AUDITED FINANCIAL STMTS 3,244,262 FORM 990, PAGE 12, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. POINSETT CLUB FOUNDATION 807 EAST WASHINGTON STREET GREENVILLE SC 29601 271264027 SUPPORT SC 501C3 7 POINSETT POINSETT CLUB false false false true false true false false false false false false true false true true false true true false