2025-02-12T15:12:51-06:00 2024-03-31 043138777 PKF JND PC 400 CROWN COLONY DRIVE SUITE 102 QUINCY MA 02169 990 2023-04-01 041850150 THE SOMERSET CLUB SOME 6172271731 42 BEACON STREET BOSTON MA 02108 ALASTAIR DAVID GORDON ADAM TREASURER 6172271731 2025-02-12 1 0 AMANDA WOLFE P01289269 6174220007 2025-02-12 2023 2025-03-06 01:10:19Z RICHARD BATCHELDER JR 42 BEACON STREET BOSTON MA 02108 6368933 0 X N/A X 1925 MA THE SOMERSET CLUB IS ESTABLISHED IN THE CITY OF BOSTON FOR THE PROMOTION OF SOCIAL INTERCOURSE. THE CLUB'S RESTAURANT PROVIDED 14,590 COVERS FOR ITS MEMBERS DURING FISCAL YEAR 2024. THE CLUB'S ROOMS AND LODGING FACILITY HAD 1,235 ROOMS OCCUPIED DURING FISCAL YEAR 2024. THE CLUBHOUSE IS ALSO UTILIZED BY THE MEMBERSHIP FOR SOCIAL ACTIVITIES. 15 15 107 15 -58237 52730 56500 376198 3821117 4279388 12920 52648 -1441351 -1396883 2449186 3311351 0 0 0 0 951422 1244109 0 0 0 1939307 2050676 2890729 3294785 -441543 16566 16470543 16083612 5125684 4663936 11344859 11419676 THE SOMERSET CLUB IS ESTABLISHED IN THE CITY OF BOSTON FOR THE PROMOTION OF SOCIAL INTERCOURSE. 0 0 THE CLUB'S RESTAURANT PROVIDES FOOD & BEVERAGE SERVICE FOR ITS MEMBERS. (14,590 COVERS WERE SERVED.) THE CLUB PROVIDES ROOMS AND LODGING FACILITIES FOR ITS MEMBERS (1,235 ROOMS OCCUPIED). THE CLUBHOUSE IS UTILIZED BY THE MEMBERSHIP FOR SOCIAL ACTIVITIES. 0 1 0 0 0 0 1 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 1 1 1 0 0 0 0 0 1 0 0 1 7 0 107 1 1 1 0 0 0 1 1 557375 562265 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 X BENJAMIN HALES GENERAL MANAGER 6172271731 42 BEACON STREET BOSTON MA 02108 X RICHARD D BATCHELDER JR PRESIDENT 1.00 1.50 X X 0 0 0 ALASTAIR DAVID GORDON ADAM TREASURER 1.00 1.10 X X 0 0 0 STEPHEN J PELLEGRINO SECRETARY 1.00 1.10 X X 0 0 0 JAMES BENENSON III DIRECTOR 1.00 X 0 0 0 DAVID HENDERSON BURNHAM DIRECTOR 1.00 X 0 0 0 DAVID SCOTT DESIMONE DIRECTOR 1.00 X 0 0 0 JAMIE C FAGAN DIRECTOR 1.00 X 0 0 0 EDWARD GRAEME GARMEY DIRECTOR 1.00 X 0 0 0 STEVEN JS GLICK DIRECTOR 1.00 X 0 0 0 THOMAS GRANT DIRECTOR 1.00 X 0 0 0 ANNE LITTLE POULET DIRECTOR 1.00 X 0 0 0 GREGORY CLARK SAUNDERS DIRECTOR 1.00 X 0 0 0 TERESA M STONE DIRECTOR 1.00 1.00 X 0 0 0 DEREK EDWIN TAFF DIRECTOR 1.00 X 0 0 0 NANCY BRIGGS TOOKE DIRECTOR 1.00 X 0 0 0 BEN HALES GENERAL MANAGER EFF. 7/23 40.00 X 269540 0 8392 DENNIS MICHEL GENERAL MANAGER UNTIL 8/23 40.00 X 212427 0 2549 RONNI MICHEL ASSISTANT GENERAL MANAGER UNTIL 8/23 40.00 X 168173 0 2665 MICHAEL SHANNON EXECUTIVE CHEF 40.00 X 154176 0 13774 JULIE CHARRETTE CONTROLLER 40.00 X 116591 0 29666 920907 0 57046 5 0 1 0 0 331376 44822 376198 MEMBERSHIP DUES, FEES & ASSESSMEN 713990 3913913 3913913 ROOMS & SUITES 721110 365475 169880 195595 4279388 52648 52648 1638188 3057582 -1419394 -1112914 -306480 MISC. REVENUE 713990 22511 22511 22511 3311351 2993390 -58237 0 513862 549795 10130 68368 101954 19478 31134 16870 106461 671217 409 494740 REPAIRS AND MAINTENANCE 262641 SECURITY 96045 DATA PROCESSING 91873 TAXES ON UBIT 18365 241443 3294785 1140571 1314667 1683410 2422167 738410 693485 360898 405859 35195 0 18254389 8560189 9760819 9694200 1280466 660647 1470774 892587 16470543 16083612 648615 461560 3196837 3542019 1280232 660357 5125684 4663936 X 11325750 11367699 19109 51977 11344859 11419676 16470543 16083612 X 16566 58251 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 X 0 212311 212311 16099040 6993451 9105589 1943038 1566738 376300 9694200 COLLECTION - COPLEY PAINTING 50286 ARTWORK - SEARS PAINTINGS 112000 A/R AFFILIATES SEARS HOUSE ASSOCIATION 730301 892587 OPERATING LEASE LIABILITIES 648221 FINANCE LEASE LIABILITY 12136 660357 6350568 3039217 3039217 3311351 0 3311351 6334002 3057582 3057582 3276420 18365 18365 3294785 PART III, LINE 4: THE CLUB HAS ART OBJECTS, ANTIQUES, AND OTHER VALUABLE ITEMS THAT ARE DISPLAYED IN THE CLUBHOUSE FOR THE ENJOYMENT AND USE OF THE MEMBERS OF THE CLUB. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,057,582. TAXES ON INVESTMENT INCOME -18,365. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,057,582. PART XII, LINE 4B - OTHER ADJUSTMENTS: TAXES ON INVESTMENT INCOME 18,365. X 0 0 0 BEN HALES GENERAL MANAGER EFF. 7/23 125040 0 144500 0 0 0 0 0 8392 0 277932 0 0 0 DENNIS MICHEL GENERAL MANAGER UNTIL 8/23 119986 0 92441 0 0 0 0 0 2549 0 214976 0 0 0 RONNI MICHEL ASSISTANT GENERAL MANAGER UNTIL 8/23 68173 0 100000 0 0 0 2665 0 0 0 170838 0 0 0 MICHAEL SHANNON EXECUTIVE CHEF 115676 0 38500 0 0 0 4590 0 9184 0 167950 0 0 0 RONNI MICHEL ASSISTANT GM 168173 WAGES 0 SEARS HOUSE ASSOCIATION INC COMMON OFFICERS 50000 NET RENTAL EXPENSE 0 SEARS HOUSE ASSOCIATION INC COMMON OFFICERS 331376 CONTRIBUTION 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS ORGANIZED AS A NON-STOCK, NOT-FOR-PROFIT CORPORATION WITH MEMBERS THAT HAVE THE RIGHT TO VOTE FOR THE PRESIDENT, TREASURER, SECRETARY AND MEMBERS OF THE EXECUTIVE COMMITTEE AT THE ANNUAL MEETING OF THE CLUB. THE EXECUTIVE COMMITTEE HAS THE MANAGEMENT AND CONTROL OF THE CLUB AND OF ITS PROPERTY, SUBJECT TO THE CONSTITUTION. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT, TREASURER, AND SECRETARY ARE CHOSEN BY BALLOT AT THE REGULAR ANNUAL MEETING OF THE CLUB FOR THE TERM OF ONE YEAR. AT EACH ANNUAL MEETING THERE ARE FOUR MEMBERS OF THE EXECUTIVE COMMITTEE THAT ARE CHOSEN FOR A TERM OF THREE YEARS. FORM 990, PART VI, SECTION B, LINE 11B A RESPONSIBLE PERSON IS PROVIDED WITH THE FORM 990 TO REVIEW IT FOR COMPLETENESS AND ACCURACY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE IN THE ACCOUNTING OFFICE UPON REQUEST. THE FINANCIAL STATEMENTS OF THE CLUB ARE NOT PUBLIC INFORMATION. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF ADOPTING FASB ASC 326 58,251. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SEARS HOUSE ASSOCIATION 42 BEACON STREET BOSTON MA 02108 311717127 HISTORICAL BUILDING PRESERVATION MA 501(C)(3) LINE 7 THE SOMERSET CLUB 0 THE SOMERSET CHARITABLE TRUST 42 BEACON STREET BOSTON MA 02108 046112332 PROVIDE RELIEF TO EMPLOYEES WHO PROVIDED SERVICE TO THE CLUB MA 501(C)(3) PF THE SOMERSET CLUB 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 SEARS HOUSE ASSOCIATION K 650000 MARKET VALUE SEARS HOUSE ASSOCIATION J 600000 MARKET VALUE SEARS HOUSE ASSOCIATION C 331376 ACTUAL AMOUNT PAID PART V SEARS HOUSE ASSOCIATION, INC. USES ITS ASSETS TO RESTORE AND RENOVATE THE HISTORIC ASPECTS OF THE SOMERSET CLUB FACILITY AND THAT RESTORATION, MADE CONSISTENT WITH THE EXEMPT PURPOSES OF THE SEARS HOUSE, BENEFITS THE PUBLIC INCLUDING THE MEMBERS OF THE CLUB.