2025-10-31T11:10:27-05:00 2024-12-31 050405576 OTRANDO PORCARO & ASSOCIATES LTD 2258 POST ROAD WARWICK RI 02886 990 2024-01-01 050283267 LINCOLN COUNTRY CLUB LINC 4013343925 31 DEXTER ROCK ROAD PO BOX 436 LINCOLN RI 02865 GERRY LOON PRESIDENT 4013343925 2025-10-30 1 0 GREGORY PORCARO CPAABV MST P00633303 4017399250 2025-10-30 2024 2025-03-06 01:10:19Z GERRY LOON 31 DEXTER ROCK ROAD PO BOX 436 LINCOLN RI 02865 1081250 0 X HTTP://WWW.LINCOLNCOUNTRYCLUB.COM/ X 1956 RI THE CLUB OFFERS ITS MEMBERS COUNTRY CLUB FACILITIES INCLUDING GOLF, DINING AND SOCIAL ACTIVITITES. 11 11 16 0 34961 0 10000 0 858235 1037738 5755 5604 0 37908 873990 1081250 0 0 0 0 404531 417430 0 0 0 580817 633708 985348 1051138 -111358 30112 1169480 1208854 910628 919891 258852 288963 THE CLUB PROVIDES ITS MEMBERS WITH COUNTRY CLUB FACILITIES. 0 0 THE CLUB PROVIDES THE FACILITIES NECESSARY FOR INDIVIDUALS AND THEIR FAMILIES TO ENJOY THE SPORT OF GOLF. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 16 1 1 1 0 0 0 0 125855 44403 0 0 0 X 11 11 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 X THE ORGANIZATION 4013343925 31 DEXTER ROCK ROAD PO BOX 436 LINCOLN RI 02865 MICHAEL KAROLEWSKI DIRECTOR 1.00 X 0 0 0 MARIO LEMME DIRECTOR 1.00 X 0 0 0 LINDA PEDRO DIRECTOR 1.00 X 0 0 0 JAMES SULLIVAN DIRECTOR 1.00 X 0 0 0 DENNIS TRIPODI DIRECTOR 1.00 X 0 0 0 ALFRED ZANNINI DIRECTOR 1.00 X 0 0 0 GERRY LOON PRESIDENT 1.00 X 0 0 0 MICHAEL COTE TREASURER 1.00 X 0 0 0 JANICE GEDDES SECRETARY 1.00 X 0 0 0 DAVID TICE 1ST VICE PRESIDENT 1.00 X 0 0 0 JOSEPH MCCOART 2ND VICE PRESIDENT 1.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 713910 711281 711281 MEMBER SERVICE 713910 173695 171245 2450 MEMBER ASSESSMENTS 713910 125855 125855 FOOD SERVICE 713910 22650 22650 TOURNAMENTS & PARTIES 713910 4257 4257 1037738 5604 5604 INSURANCE PROCEEDS 713910 37908 37908 37908 1081250 1046289 34961 0 X 355712 11240 50478 32363 312 26654 27620 99480 33985 REPAIRS 150853 SUPPLIES 101905 UTILITIES 69806 PROPERTY TAXES 45270 45460 1051138 36493 18503 295035 270439 6243 60565 3165471 2311980 825548 853491 3461 3156 2700 2700 1169480 1208854 31202 51908 112183 121522 762231 741449 5012 5012 910628 919891 X 258852 288963 258852 288963 1169480 1208854 30112 0 X 1 X 0 0 0 128051 128051 1042947 597571 445376 1994473 1714409 280064 853491 SECURITY DEPOSIT-VENDOR 5012 5012 X PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CLUB'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE CLUB IS REQUIRED TO RECOGNIZE AND DISCLOSE ITS UNCERTAIN TAX POSITIONS WHEN IT IS "MORE LIKELY THAN NOT" THAT SUCH POSITION, BASED ON ITS TECHNICAL MERITS, WILL BE SUSTAINED UPON EXAMINATION. THE CLUB HAS EVALUATED ANY POTENTIAL LIABILITY THAT MIGHT ARISE FROM THE VALIDITY OF ITS STATUS AS A NON-PROFIT ORGANIZATION AND ASSESSMENTS RELATED TO UNRELATED BUSINESS TAXABLE INCOME, WHICH RESULTS WHEN AN ORGANIZATION GENERATES INCOME FROM AN ACTIVITY THAT IS NOT IN FURTHERANCE OF ITS EXEMPT PURPOSE. BASED UPON THAT EVALUATION, THE CLUB DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. IN THE EVENT THAT A TAX ACCRUAL IS DEEMED NECESSARY, THE TAX AND RELATED PENALTIES AND INTEREST WOULD BE INCLUDED IN INCOME TAX EXPENSE ON THE FINANCIAL STATEMENTS. THE STATUTE OF LIMITATIONS FOR ALL TAXING JURISDICTIONS IS THREE YEARS FROM THE DATE OF FILING. FORM 990, PART VI, SECTION A, LINE 6 THE VOTING MEMBERS ARE THE OFFICERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT MEMBERS OF THE GOVERNING PARTY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS ARE ALL SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B A SINGLE MEMBER CAN NOT MAKE DECISIONS FOR THE GOVERNING PARTY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO THE TREASURER FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E EQUIPMENT RENTAL 28,711. HANDICAP FEES 13,575. BAD DEBT 3,174.