2026-09-14T22:37:08-04:00 2025-10-31 200260950 ROSTAD & ENGLISH CPA'S PC 149 SE 3RD AVE STE 500 HILLSBORO OR 971234094 990 2024-11-01 930298400 THE TOWN CLUB TOWN 5032264084 2115 SW SALMON STREET PORTLAND OR 972051559 CINDY NORSTROM GENERAL MANAGER 5032264084 2026-09-14 true true MICHAEL W ENGLISH P00383937 5036484471 2026-09-14 2024 MRS RICHARD CHURCH 2115 SW SALMON ST PORTLAND OR 97205 3791196 false X WWW.THETOWNCLUB.ORG X 1928 OR PRIVATE MEMBERSHIP SOCIAL CLUB WHOSE ACTIVITIES ARE SOLELY FOR THE RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS. 5 5 31 277357 224898 27224 26826 1492092 1465160 385771 369343 34604 56447 1939691 1917776 0 0 867510 857335 0 0 874570 1015825 1742080 1873160 197611 44616 7681109 8189287 120055 430030 7561054 7759257 PRIVATE MEMBERSHIP SOCIAL CLUB WHOSE ACTIVITIES ARE SOLELY FOR THE RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS. false false PRIVATE MEMBERSHIP SOCIAL CLUB WHOSE ACTIVITIES ARE SOLELY FOR THE RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS. false false false false false false true false false true false false false true true true false false false false false 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 true 31 true true true false false false true true 139500 false false false X 5 5 false false false false true false false true true false false false true true true true true true false false X CINDY NORSTROM 5032264084 2115 SW SALMON STREET PORTLAND OR 97205 MRS RICHARD CHURCH PRESIDENT X 0 0 0 MRS DONALD R HOLMAN 1ST VICE PR X 0 0 0 MRS STEPHEN A ROTH 2ND VICE PRE X 0 0 0 MRS NORMAN D DUFFETT TREASURER X 0 0 0 MRS BARBARA KIMBERLEY SECRETARY X 0 0 0 CINDY NORSTROM GENERAL MANA 40.00 X 125568 0 14193 125568 14193 1 false false false 26826 26826 MEMBERSHIP DUES & ASSESSMENTS 900099 1465160 1465160 1465160 221318 153869 67449 1102951 954926 148025 148025 24537 123488 909845 918494 -8649 -8649 MISCELLANEOUS 65096 65096 65096 1917776 1546144 277357 67449 125568 432327 40298 140687 118455 44775 39097 25471 34586 42336 143025 179073 110058 PROPERTY TAXES 148517 UTILITIES 78796 INCOME TAXES 73772 SUPPLIES 51905 44414 1873160 0 0 0 14520 195623 373508 373076 84048 210207 35017 39754 82519 75694 5834069 2947338 2951624 2886731 4139873 4408202 7681109 8189287 120055 138170 104780 187080 120055 430030 X 5564363 5504923 1996691 2254334 7561054 7759257 7681109 8189287 44616 196222 -42635 X false true X true false 458647 false 119433 119433 3166219 1626076 1540143 458647 2089770 1321262 1227155 2886731 PROPERTY TAXES PAYABLE 148517 INCOME TAXES PAYABLE 38563 187080 X 2892992 196222 918494 1114716 1778276 139500 139500 1917776 2791654 918494 918494 1873160 1873160 SCHEDULE D, PAGE 3, PART X THE CLUB IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (C)(7) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION, AND THEREFORE NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. HOWEVER, FEDERAL, STATE AND LOCAL TAXES ARE ASSESSED ON INTEREST AND DIVIDEND INCOME AND FROM REALIZED GAINS FROM THE CLUB'S INVESTMENTS AND NON-MEMBER BUSINESS. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THE CLUB'S TAX RETURNS REMAIN SUBJECT TO AUDIT BY THE IRS FOR THREE YEARS AFTER FILING. AT OCTOBER 31, 2025, THE RETURNS FOR TAX YEARS, 2021, 2022, 2023 AND 2024 REMAIN OPEN. SCHEDULE D, PAGE 4, PART XI, LINE 2D DINING ROOM EXPENSES OFFSET TO REVENUE 918,494 SCHEDULE D, PAGE 4, PART XI, LINE 4B NEW MEMBER CAPITAL ASSESSMENTS 139,500 SCHEDULE D, PAGE 4, PART XII, LINE 2D DINING ROOM EXPENSES OFFSET TO REVENUE 918,494 FORM 990, PAGE 6, PART VI, LINE 6 ALL MEMBERS ARE INDIVIDUALS FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE GENERAL MANAGER BEFORE FILING AND COPIES ARE PROVIDED TO GOVERNING BODY AFTER FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THE FINANCE COMMITTEE MONITORS CONFLICTS OF INTEREST ON A ONGOING BASIS. FORM 990, PAGE 6, PART VI, LINE 15A ON AN ANNUAL BASIS THE GOVERNING BOARD REVIEWS THE GENERAL MANAGER'S COMPENSATION AND CONSIDERS MANY FACTORS INCLUDING BUT NOT LIMITED TO PERFORMANCE, LENGTH OF SERVICE AND COMPARABLE COMPENSATION IN SIMILAR ORGANIZATIONS. AS PART OF THE REVIEW THE BOARD OBTAINS INFORMATION ON COMPARABLE SALARIES PAID BY OTHER SOCIAL CLUBS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICIES ARE ONLY AVAILABLE TO MANAGEMENT, BOARD OF GOVERNORS AND TO MEMBERS UPON REQUEST.