2025-08-12T13:13:17-05:00 2024-09-30 934739451 PPCO ADVISORS LLC 333 W SANTA CLARA ST SUITE 800 SAN JOSE CA 951131716 990 2023-10-01 941399755 UNIVERSITY CLUB OF PALO ALTO UNIV 6504933972 3277 MIRANDA AVENUE PALO ALTO CA 94304 NELLIS FREEMAN PRESIDENT 6504933972 2025-08-12 1 1 SCOTT WATTERS P01246213 4082877911 2023 2025-03-06 01:10:19Z NELLIS FREEMAN 3277 MIRANDA AVENUE PALO ALTO CA 94304 5218675 0 X HTTP://WWW.UCPALOALTO.COM X 1952 CA TO PROVIDE SOCIAL AND RECREATIONAL BENEFITS TO CLUB MEMBERS. 10 10 72 47 244746 6896 0 0 2718366 2875514 -21147 -4896 1007603 2044125 3704822 4914743 0 0 0 0 2304796 2257419 0 0 0 1719886 1935380 4024682 4192799 -319860 721944 5923934 6449475 1937833 1806338 3986101 4643137 X THE UNIVERSITY CLUB OF PALO ALTO EXISTS AS A RECREATIONAL AND SOCIAL CENTER FOR ITS MEMBERS. ALTHOUGH ITS PHYSICAL PLANT IS IMPORTANT, ITS CORE PURPOSE IS TO PROVIDE A GATHERING PLACE AND SOCIAL SETTING FOR ITS MEMBERS TO ENJOY ON A FULL LIFE CYCLE. AS A SWIM, TENNIS AND FITNESS FACILITY, THE CLUB OFFERS A PICTURESQUE AND COMFORTABLE ENVIRONMENT FOR THE RECREATIONAL ENJOYMENT OF THESE ACTIVITIES, BUT IT ALSO PROVIDES AN OUTLET FOR THOSE SEEKING HEALTHY COMPETITION. IN PROVIDING FOOD SERVICES THE CLUB STRIVES TO BE USER-FRIENDLY, OFFERING A MENU ATTRACTIVE TO BOTH THE CASUAL DINER AND THE OCCASIONAL GOURMET. THE CLUB ALSO SERVES AS A MEETING PLACE SUITABLE FOR BUSINESS AND CLIENT ENTERTAINMENT AS WELL AS PURELY SOCIAL ENGAGEMENTS.IN OFFERING A VARIETY OF ATHLETIC, SOCIAL AND BUSINESS DEVELOPMENT OPPORTUNITIES, THE CLUB INTENDS TO PROVIDE A RELAXING AND FRIENDLY ENVIRONMENT, ATTRACTIVE WITHOUT BEING FANCY, IN SHORT, A PLACE FOR MEMBERS AND THEIR FAMILIES TO VISIT AND ENJOY. 0 0 TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS FOR CLUB MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 5 0 1 72 1 0 0 0 0 0 1399201 287138 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JULIE MAHOWALD 6504933972 3277 MIRANDA AVENUE PALO ALTO CA 94304 GLEN KERNICK PRESIDENT 3.00 X X 0 0 0 NELLIS FREEMAN JR VICE PRESIDENT 3.00 X X 0 0 0 JULIE MAHOWALD TREASURER 3.00 X X 0 0 0 KIM GAVENMAN SECRETARY 3.00 X X 0 0 0 TOM BREHME DIRECTOR 3.00 X 0 0 0 TIM ROPER DIRECTOR 3.00 X 0 0 0 SUZANNE SHULTZ DIRECTOR 3.00 X 0 0 0 DINRAJ SHETTY DIRECTOR 3.00 X 0 0 0 JENNY LEE DIRECTOR 3.00 X 0 0 0 CRAIG MOYE DIRECTOR 3.00 X 0 0 0 ROBYN VANDERLUIT GENERAL MANAGER 40.00 X 49271 0 1763 RANDY BECKER TENNIS/PICKLEBALL DIRECTOR 40.00 X 189837 0 11269 MILES BENTLEY HEAD TENNIS/PICKLEBALL PRO 40.00 X 155690 0 7868 JANELL HANSON ASST. GENERAL MANAGER 40.00 X 156166 0 7316 HEINZ HOFMANN GENERAL MANAGER (FORMER) 40.00 X 188266 0 560 739230 0 28776 4 1 1 0 0 MEM DUES & ASSESSMENTS 713940 2104193 2104193 TENNIS REVENUE 713940 416796 370179 46617 AQUATICS REVENUE 713940 265156 217917 47239 FITNESS ROOM AND DAY C 713940 89369 82802 6567 2875514 11676 11676 1495 18067 -16572 -16572 -16572 930789 285865 644924 512277 132647 CAPITAL ASSESSMENT 713940 1140536 1140536 TRANSFER FEES 713940 258665 258665 1399201 4914743 4669997 244746 0 X 221783 1710098 16740 141045 167753 79596 254 59559 522068 FEDERAL INCOME TAX 2298 STATE INCOME TAX 1062 UTILITIES 269453 REPAIRS & MAINTENANCE 140656 860434 4192799 453087 196932 50084 936559 423772 439024 56495 38839 101947 127393 12007049 7432294 4826473 4574755 12076 135973 5923934 6449475 332789 233465 1434198 1395847 170846 177026 1937833 1806338 X 3986101 4643137 3986101 4643137 5923934 6449475 X 721944 -64908 X X 0 1 X 1 0 6537581 3783424 2754157 1901467 1155899 745568 3568001 2492971 1075030 4574755 DUES - DEFERRED CREDITS 177026 177026 X 5200608 285865 285865 4914743 0 4914743 4478664 285865 285865 4192799 0 4192799 PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES ALL POSITIONS TAKEN BY THE CLUB ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. THE CLUB'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED AND A PERIOD OF FOUR YEARS FOR CALIFORNIA TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 285,865. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 285,865. SCHEDULE D - GENERAL THE CLUB IS EXEMPT FROM TAXATION ON ITS NONPROFIT ACTIVITY OF PROVIDING TENNIS AND RELATED RECREATION TO ITS MEMBERS UNDER INTERNAL REVENUE CODE SECTION 501(C)(7) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(G). THE CLUB IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT ACTIVITIES. THE U.S. SUPREME COURT RULED THAT IN MOST CASES, INVESTMENT INCOME IS NOT RELATED TO A CLUB'S EXEMPT FUNCTION; THEREFORE, IT IS SUBJECT TO INCOME TAX. THE CLUB DID INCUR INCOME TAX EXPENSE FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND SEPTEMBER 30, 2023. X X X 0 0 0 RANDY BECKER TENNIS/PICKLEBALL DIRECTOR 189837 0 0 0 0 0 0 0 11269 0 201106 0 0 0 HEINZ HOFMANN GENERAL MANAGER (FORMER) 188266 0 0 0 0 0 0 0 560 0 188826 0 0 0 MILES BENTLEY HEAD TENNIS/PICKLEBALL PRO 155690 0 0 0 0 0 0 0 7868 0 163558 0 0 0 JANELL HANSON ASST. GENERAL MANAGER 156166 0 0 0 0 0 0 0 7316 0 163482 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CLUB FORM 990, PART VI, SECTION A, LINE 7A ALL EQUITY MEMBERS HAVE TWO VOTES FORM 990, PART VI, SECTION A, LINE 7B APPROVAL BY THE EQUITY MEMBERS OF THE CLUB IS REQUIRED FOR ALL CHANGES TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE CLUB PROVIDES COPIES OF THE FORM 990 TO BOARD MEMBERS. THE CONTROLLER & THE TREASURER REVIEW AND THEN SIGN AND SUBMIT FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: UNIVERSITY CLUB OF PALO ALTO IS CONCERNED WITH CONFLICTS OF INTEREST THAT CREATE ACTUAL OR POTENTIAL JOB RELATED CONCERNS, ESPECIALLY IN THE AREAS OF CONFIDENTIALITY, CUSTOMER RELATIONS, SAFETY, SECURITY, AND MORALE. ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST BETWEEN AN EMPLOYEE OF UCPA AND A COMPETITOR, SUPPLIER, DISTRIBUTOR, OR CONTRACTOR TO UCPA, MUST BE DISCLOSED BY THE EMPLOYEE TO HUMAN RESOURCES. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, UCPA WILL TAKE SUCH STEPS AS IT DEEMS NECESSARY TO REDUCE OR ELIMINATE THIS CONFLICT. OUTSIDE EMPLOYMENT WHICH CREATES A CONFLICT OF INTEREST OR WHICH AFFECTS THE QUALITY OR VALUE OF YOUR WORK PERFORMANCE OR AVAILABILITY AT UCPA IS PROHIBITED. UCPA RECOGNIZES THAT EMPLOYEES MAY SEEK ADDITIONAL EMPLOYMENT DURING OFF HOURS, BUT EXPECTS, IN THESE CASES, THAT ANY OUTSIDE EMPLOYMENT WILL NOT AFFECT JOB PERFORMANCE, WORK HOURS, OR SCHEDULING, OR OTHERWISE ADVERSELY AFFECT THE EMPLOYEE'S ABILITY TO EFFECTIVELY PERFORM HIS OR HER DUTIES. ANY CONFLICTS SHOULD BE REPORTED TO YOUR SUPERVISOR. FAILURE TO ADHERE TO THIS POLICY MAY RESULT IN DISCIPLINE UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 OFFICERS AND KEY EMPLOYEES' COMPENSATIONS ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND COMPARED TO ANNUAL DATA REQUESTED FROM LOCAL CLUBS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICY STATEMENTS AND FINANCIAL STATEMENTS ARE HELD BY THE CLUB'S GENERAL MANAGER AND CONTROLLER, WHO PRESENT THE DOCUMENTS UPON REQUEST. FORM 990, PART IX, LINE 24E PROFESSIONAL SERVICES 129,630. INSURANCE 127,598. SUPPLIES 92,470. INTERNET / WEB SERVICES 91,480. PROPERTY TAXES 72,058. WORKERS COMP 58,666. MISCELLANEOUS 44,827. LANDSCAPING 43,530. DINING ROOM EXPENSES 40,933. TELEPHONE 25,793. EQUIPMENT RENTAL & MAINT 23,959. BANQUET EXPENSE 18,113. EMPLOYEE MEALS 17,660. ENTERTAINMENT 13,728. LICENSES AND PERMITS 10,307. PRINTING & COPYING 8,397. SWIMMING EXPENSES 7,725. PAYROLL EXPENSE 7,447. MARKETING EXPENSE 6,641. DUES AND SUBSCRIPTIONS 5,859. BANK FEES 5,355. EDUCATION 4,396. SIGNAGE AND PAINTING EXPENSE 1,281. POSTAGE 1,030. DAY CAMP EXPENSE 746. EMPLOYEE TRAVEL 557. OTHER TAXES 148. TOURNAMENT EXPENSES 100. FORM 990, PART XI, LINE 9: MEMBER'S EQUITY DISTRIBUTIONS -88,908. DONOR RESTRICTED CONTRIBUTIONS 24,000. PART XII, LINE 2 C NO CHANGE FROM THE PRIOR YEAR.