2024-11-14T09:05:13-08:00 2023-12-31 030483170 CEA Scholtes and Associates 106 Tunbridge Rd Baltimore MD 21212 990 2023-01-01 521371304 BALTIMORE MUNICIPAL GOLF CORPORATION BALT 4104444933 6131 HILLEN ROAD BALTIMORE MD 21239 Thomas Pierce Executive Director 2024-11-14 true true CHRIS SCHOLTES CPA P01607734 4103230010 2023 2024-10-15 13:58:12Z Thomas Pierce 6131 HILLEN ROAD BALTIMORE MD 21239 8725519 false X https://classic5golf.com/ X 1984 MD OPERATION OF GOLF COURSES AND DRIVING RANGES BY THE CITY OF BALTIMORE. IMPROVING AND DEVELOPING THOSE GOLF COURSES. 10 10 379 10 0 30904 72622 6844072 7409714 398 489 518832 581867 7394206 8064692 500 1870 0 4681046 4941739 0 137127 3304338 3566639 7985884 8510248 -591678 -445556 5569683 5546612 2678898 3524376 2890785 2022236 THE ORGANIZATION'S PRIMATY EXEMPT PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING AND PROMOTING RECREATIONAL GOLF ACTIVITES AND FACILITIES THAT WOULD BE PROVIDED AND MAINTAINED AT TAXPAYERS' EXPENSE. THE ORGANIZATION'S PRINCIPAL ACTIVITES INCLUDE GOLF COURSE AND DRIVING RANGE OPERATIONS AND IMPROVEMENTS AND DEVELOPMENT OF GOLF COURSES ON LAND OWNED BY THE CITY OF BALTIMORE. false false 7436253 1870 7908598 PRINCIPAL ACTIVITIES INCLUDE GOLF COURSES AND RANGE OPERATION, IMPROVEMENTS AND DEVELOPMENT OF GOLF COURSES ON LAND OWNED BY THE CITY OF BALTIMORE. PROGRAM EXPEDITURES ARE RELATED TO THE ORGANIZATION'S CHARITABLE PURPOSE OF LESSENING THE BURDENS OF GOVERNMENT OF THE CITY OF BALTIMORE. 7436253 true true false false false false false false false false true false false true true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 5 0 false 379 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false false true false true false true true false MD X X Tom Pierce 4104444933 6131 HILLEN ROAD BALTIMORE MD 21239 Thomas Pierce Executive Dir. 40.00 0.00 X 104966 0 5524 Mr Larry E Jennings Jr Chairman 1.00 0.00 X X 0 0 0 Mr Charles M Thomas Vice President 1.00 0.00 X X 0 0 0 Mr D Danard Smith Secretary 1.00 0.00 X X 0 0 0 Mr Mark D Case Director 1.00 0.00 X 0 0 0 Mr Michael Moiseyev Director 1.00 0.00 X 0 0 0 Councilman Isaac Schleifer Director 1.00 0.00 X 0 0 0 Mr Garland O Williamson Director 1.00 0.00 X 0 0 0 Ms Jill Yonowitz Director 1.00 0.00 X 0 0 0 Mr Thurman W Zollicoffer Jr Director 1.00 0.00 X 0 0 0 Mr Eric Bryant Director 1.00 0.00 X 0 0 0 104966 5524 1 false false false 0 39226 33396 72622 Baltimore Golf Academy 713910 272253 272253 Cart Rental 713910 1116047 1116047 Greens Fees 713910 5084438 5084438 Other Golf Income 713910 224835 224835 Range Fees 713910 712141 712141 7409714 489 489 0 0 44093 44093 44093 44093 0 36975 36975 36975 0 1072425 660827 411598 411598 Insurance Proceeds 900099 46008 46008 Other Operating Income 713910 43193 43193 89201 8064692 7908598 83472 1870 1870 0 0 0 110490 101404 9086 0 3971816 3645193 326623 50033 46408 3625 371464 344549 26915 437936 401922 36014 0 0 18467 18467 0 0 0 61457 56124 5333 135573 135573 257025 5317 251708 1304 1304 0 314310 314310 8914 8914 0 0 73671 73671 0 638001 638001 148717 148717 Course Supplies 828433 828433 Repairs and Maintenance 569289 569289 Credit Card and Merchant Fees 167333 167333 Cart Rental 153976 153976 190169 162124 27795 250 8510248 7436253 936868 137127 15542 70120 478637 120978 0 11186 0 0 0 183105 293789 180341 43002 12032826 7883187 3948378 4149639 0 0 0 0 763680 857898 5569683 5546612 958986 1574975 328942 318948 605724 752910 785246 877543 2678898 3524376 X 2890785 2022236 2890785 2022236 5569683 5546612 -445556 -422993 X X false true X true false X 101885 49187 597286 30904 72622 851884 6364625 6890889 8216166 7905177 8482139 37858996 0 0 0 6466510 6940076 8813452 7936081 8554761 38710880 12500 12500 0 12500 12500 38698380 52297 12275 26557 24067 44582 159778 0 52297 12275 26557 24067 44582 159778 0 70201 49600 24903 61818 126176 332698 6589008 7001951 8864912 8021966 8725519 39203356 0.98710 0.98380 0.00410 0.00370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10008722 6540142 3468580 1833991 1211416 622575 190113 131629 58484 4149639 RIGHT OF USES ASSETS, FINANCING 756145 RIGHT OF USES ASSETS, OPERATING 101753 857898 FINANCING LEASE OBLIGATIONS 753732 OPERATING LEASE OBLIGATIONS 115811 SCHOLARSHIPS PAYABLE 8000 877543 X 8725519 660827 660827 8064692 8064692 9171075 660827 660827 8510248 8510248 Part X : FIN48 Footnote The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the positions. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended December 31, 2023. The Organization files federal and state information returns. The Organizations Federal Forms 990 remain open for three years for federal and state examination. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF GOODS SOLD $660827 Part XII, Line 2d: Other expenses and losses per audited F/S COSTS OF GOODS SOLD $660827 false MINI TOURNEYS 36975 36975 36975 36975 36975 Form 990, Part VI, Section B, Line 11b AFTER THE REVEW BY THE AUDIT COMMITTEE, ALL MEMBERS OF THE GOVERNING BOARD ARE PROVIDED A COPY OF THE 990 FOR REVIEW AND APPROVAL. Form 990, Part VI, Section B, Line 15a WAGE SCALES ARE DEVELOPED USING STATISTICAL AND COMPARABLE POSITIONS IN THE REGION. THE BUDGET COMMITTEE OF THE BOARD REVIEWS DATA AND MAKES RECOMMENDATIONS TO THE BOARD. APPROVAL IS BY BOARD VOTE. Form 990, Part VI, Section C, Line 18 COPY OF FORMS 990 AND 1023 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VI, Section C, Line 19 COPY OF FORMS 990 AND THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2c AUDITORS PRESENT AUDITED FINANCIAL STATEMENTS TO THE BOARD AND EXECUTIVE STAFF AT A BOARD MEETING UPON COMPLETION OF THE AUDIT. IN MARCH 2010, THE BOARD OF DIRECTORS ESTABLISHED AND AUDIT SUB-COMMITTEE, CONSISTING OF FINANCIAL EXPERTS ON THE BOARD. THAT COMMITTEE IS CHARGED WITH THE HIRING OF OUR INDEPENDENT CPA AND REVIEWING THE FORM 990 ON BEHALF OF THE BOARD. Part XI, Line 8 The Organization entered into a management agreement (the Agreement) with the City of Baltimore in 1985 to lease and manage five golf courses, which includes the land, buildings and certain equipment, at no cost. The terms of the Agreement require the Organization to fulfill various non-financial covenants relating to the maintenance and improvements of the courses as well as managing the promotion of the sport in the Baltimore area. The Agreement indicates that there is a perpetual lease between the City and the Organization regarding the management of the golf courses, which automatically renews in five year increments. As of December 31, 2023 and 2022, the Organization had met all of the required covenants. In conjunction with the management agreement, as amended in 1996, the Organization is required to make annual payments of $400,000 to the Baltimore City Foundation by July 1 of each year, for Baltimore Citys fiscal year of July 1st through June 30th. The Organizations has not received forgiveness for the annual payment for the year ended December 31, 2022. Accordingly, an expense and corresponding liability for $400,000 was recorded in 2022 (reflected on Part XI, Line 8 as a prior period adjustment). An additional prior period adjustment has been posted to increase accounts payable and decrease net assets in the amount of $22,993 for adjustments to program fees in 2022.