2024-08-12T10:54:32-05:00 2023-09-30 540737372 PBMARES LLP 3957 WESTERRE PARKWAY SUITE 220 RICHMOND VA 23233 990 2022-10-01 540756598 SALISBURY COUNTRY CLUB LTD SALI 8047946841 13620 SALISBURY ROAD MIDLOTHIAN VA 23113 EVAN SHERWOOD GENERAL MANAGER 8047946841 2024-08-09 1 1 EDWARD T YODER CPA P00239134 8043230022 2024-08-09 X 2022 2024-08-08 14:25:15Z EVAN SHERWOOD 13620 W SALISBURY ROAD MIDLOTHIAN VA 23113 11830524 0 X WWW.SALISBURYCOUNTRYCLUB.COM X 1963 VA MEMBERSHIP AT A COUNTRY CLUB WITH GOLF, TENNIS, POOL, FITNESS AND CLUBHOUSE FACILITIES. 9 9 361 70 123252 0 0 0 7142234 7683404 -310266 -32014 2243287 2399391 9075255 10050781 0 0 0 0 4678897 4858285 0 0 0 3139580 3480148 7818477 8338433 1256778 1712348 15663562 15715651 4445076 2791317 11218486 12924334 THE PURPOSE AND OBJECTIVE OF THE CLUB IS TO OPERATE AS A PRIVATE SOCIAL CLUB FOR THE RECREATIONAL AND SOCIAL BENEFIT OF ITS MEMBERS. 0 0 DINING ROOM & CLUBHOUSE FACILITIES; OPEN TO MEMBERS AND THEIR GUESTS FOR FOOD, BEVERAGE AND SOCIAL ACTIVITIES GOLF COURSE AND RELATED FACILITIES; TWENTY-SEVEN HOLE GOLF COURSE AND RELATED FACILITIES OPEN TO MEMBERS AND THEIR GUESTS. TENNIS FACILITIES; INDOOR AND OUTDOOR TENNIS COURTS - OPEN TO MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 12 0 1 361 1 1 1 0 0 0 1 1 1449540 164461 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X ELIZABETH ACCASHIAN 8047946841 13620 SALISBURY ROAD MIDLOTHIAN VA 23113 DREW HOLTZMAN PRESIDENT 2.00 X X 0 0 0 TRAVIS MILLER TREASURER 2.00 X X 0 0 0 JEN BURNS VICE PRESIDENT 2.00 X X 0 0 0 STEPHEN MARSHALL SECRETARY/DIRECTOR 2.00 X X 0 0 0 LAUREN CECIL DIRECTOR 1.00 X 0 0 0 KAREN FRANKS DIRECTOR 1.00 X 0 0 0 KEITH KITTINGER DIRECTOR 1.00 X 0 0 0 G SHRESTHA DIRECTOR 1.00 X 0 0 0 EVAN SHERWOOD GENERAL MANAGER & SECRETAR 40.00 X 230600 0 29092 CINDY BIRSINGER DIRECTOR 1.00 X 0 0 0 ELIZABETH ACCASHIAN CONTROLLER 40.00 X 80550 0 3448 MIKE HOTT GOLF PROFESSIONAL 40.00 X 173910 0 37623 JAMES NICK GOLF COURSE SUPERINTENDENT 40.00 X 144586 0 24228 DANIEL JORDAN CLUBHOUSE MANAGER 40.00 X 110803 0 34667 740449 0 129058 4 0 1 0 0 MEMBERSHIP DUES 713910 6990156 6990156 GOLF CART RENTAL 713910 280434 280434 GREEN FEES 713910 128070 128070 OTHER 713910 121337 121337 PRO SHOP MISC 713910 89327 89327 74080 74080 7683404 55166 55166 87180 -87180 -87180 -87180 2952159 1692563 1259596 1191510 68086 ERC CREDIT 713910 1137906 1137906 MISC INCOME 713910 1889 1889 1139795 10050781 9927529 123252 0 263676 3839527 129991 258249 366842 1476 15330 16178 110898 205456 1501 121325 1114264 166272 REPAIRS & MAINTENENCE 935558 SUPPLIES 304423 TAXES & LICENSES 156771 EQUIPMENT RENTAL 100606 230090 8338433 2220465 2806277 727128 590357 530942 511368 111896 33507 25076911 13336117 12073131 11740794 0 33348 15663562 15715651 977668 408439 793118 562210 2668715 1639824 5575 180844 4445076 2791317 X 11218486 12924334 11218486 12924334 15663562 15715651 X 1712348 -6500 X X 1 X 0 1 0 356648 356648 6358339 3331417 3026922 3794350 2050237 1744113 14567574 7954463 6613111 11740794 CAPITAL LEASES 180844 180844 X 11743344 1692563 1692563 10050781 0 10050781 10083366 1744933 1744933 8338433 0 8338433 PART X, LINE 2: THE NORMAL OPERATIONS OF THE CLUB ARE EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). THE CLUB IS TAXED ON ANY UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE CODE AND APPLICABLE REGULATIONS, REVENUE PROCEDURES, AND COURT DECISIONS. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE CLUB INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, IN ADMINISTRATIVE AND GENERAL EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS 1,692,563. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 1,692,563. BAD DEBT 52,370. X 0 0 0 EVAN SHERWOOD GENERAL MANAGER & SECRETAR 200000 0 30600 0 0 0 28411 0 681 0 259692 0 0 0 MIKE HOTT GOLF PROFESSIONAL 159867 0 850 0 13193 0 29067 0 8556 0 211533 0 0 0 JAMES NICK GOLF COURSE SUPERINTENDENT 137500 0 550 0 6536 0 20233 0 3995 0 168814 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS MEMBERS WHO USE THE FACILITIES FOR GOLF, TENNIS, POOL, FITNESS AND CLUBHOUSE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CLUB ELECT THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CLUB ELECT MEMBERS TO THE BOARD AND ALSO HAVE THE RIGHT TO REMOVE MEMBERS OF THE BOARD BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND GENERAL MANAGER PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE, MAILINGS AND PER REQUEST. FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ISSUANCE OF STOCK 45,870. BAD DEBT -52,370. FORM 990 PART XII LINE 2C THE BOARD OF DIRECTORS SELECTS THE ACCOUNTING FIRM AND OVERSEES THE ANNUAL REVIEW OF THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.