2026-03-02T12:03:40-06:00 2025-09-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2024-10-01 350508710 MERIDIAN HILLS COUNTRY CLUB INC MERI 3172513636 7099 SPRING MILL ROAD INDIANAPOLIS IN 46260 CHAD SCHULTENOVER GENERAL MANAGER/COO 3172513636 2026-02-26 1 0 CASSE TATE P01271193 3175802000 2026-01-28 2024 2025-03-06 01:10:19Z GREGG BRASE 7099 SPRING MILL ROAD INDIANAPOLIS IN 46260 13502627 0 X WWW.MERIDIANHILLSCC.ORG X 1923 IN TO PROVIDE SOCIAL AND RECREATIONAL BENEFITS TO ITS MEMBERS. 9 9 228 10 1056185 29009 0 0 7942734 9653562 523651 20043 5574898 2375159 14041283 12048764 0 0 0 0 3679228 7049076 0 0 0 5221109 5131631 8900337 12180707 5140946 -131943 27138357 24532466 13538639 11202096 13599718 13330370 TO PROVIDE SOCIAL AND RECREATIONAL BEENFITS TO ITS MEMBERS. 0 0 THE CLUB, OPERATING IN CENTRAL INDIANA, WAS ORGANIZED IN 1923 AS A SOCIAL CLUB TO PROVIDE ITS MEMBERS WITH GOLF, RESTAURANT, CLUBHOUSE, TENNIS/RAQUET SPORTS, SWIMMING AND SOCIAL FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 228 1 1 1 0 0 0 0 1344375 1400273 0 0 0 X 9 9 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X JUAN VEGAS 3172552496 7099 SPRINGMILL RD INDIANAPOLIS IN 46260 GREGG BRASE PRESIDENT 5.00 X X 0 0 0 TERRI BENDES VICE PRESIDENT 5.00 X X 0 0 0 CHASE WILLIAMS TREASURER 5.00 X X 0 0 0 JOHN ACKERMAN DIRECTOR 2.00 X 0 0 0 BRAD RATEIKE DIRECTOR 2.00 X 0 0 0 DENNIS CASEY DIRECTOR 2.00 X 0 0 0 BRIAN WOLFF DIRECTOR 2.00 X 0 0 0 MIKE SEMLER DIRECTOR 2.00 X 0 0 0 JILL GARDNER DIRECTOR 2.00 X 0 0 0 CHAD SCHULTENOVER GENERAL MANAGER/COO 40.00 X 346410 0 24881 JUAN VEGAS CONTROLLER 40.00 X 166405 0 7265 JARED WEIGHT SUPERINTENDENT 40.00 X 209769 0 15732 LUDOVIC AARON TENNIS PRO 40.00 X 203443 0 12419 TODD FIRESTONE GOLF PRO 40.00 X 200109 0 17579 CLINT MILLER CLUBHOUSE MANAGER 40.00 X 143754 0 14446 BLAKE ELLIS EXECUTIVE CHEF 40.00 X 117580 0 16700 KELLY LETZLER MEMBERSHIP DIRECTOR 40.00 X 108061 0 4114 1495531 0 113136 9 0 1 0 0 DUES 713910 7371230 7371230 INITATION AND TRANSFER FEES 713910 1344375 1344375 CARTS, RANGE, AND STORAGE FEES 713910 362332 362332 GUEST FEES 713910 361140 361140 OTHER MEMBER RELATED FEES 713910 202401 202401 12084 12084 9653562 44427 44427 11160 35544 -24384 -24384 -24384 3793478 1418319 2375159 1724541 650618 12048764 11016963 1056185 -24384 834314 5153694 73674 543619 443775 10749 35737 211193 292260 216030 508363 59856 286424 1865159 149735 FACILITIES EXPENSE 931838 REPAIRS AND MAINTENANCE 269252 EQUIPMENT EXPENSE 234454 EVENTS AND COMMITTEES 36072 24509 12180707 2254595 690353 2648803 2903293 358339 335510 75258 99011 39697039 19943973 20660151 19753066 1141211 751233 27138357 24532466 434179 1076516 1855574 2196252 8051019 7839575 3197867 89753 13538639 11202096 X 13599718 13330370 13599718 13330370 27138357 24532466 X -131943 -137405 X X 0 1 X 1 0 162332 162332 15589827 9979482 5610345 18275029 5201554 13073475 5669851 4762937 906914 19753066 OPERATING LEASE LIABILITY 89753 89753 X 12298041 1643607 1643607 10654434 1394330 1394330 12048764 13824314 1643607 1643607 12180707 0 12180707 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED SEPTEMBER 30, 2025. THE CLUB FILES U.S. FEDERAL AND INDIANA INFORMATION AND TAX RETURNS. THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2022. MANAGEMENT BELIEVES THAT THE CLUB'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN MATERIAL CHANGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,418,319. SWAP DERIVATIVE ACTIVITY 225,288. PART XI, LINE 4B - OTHER ADJUSTMENTS: INITIATION FEES 1,344,375. CHANGE IN VALUE OF INTEREST RATE SWAP DERIVATIVE 49,955. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,418,319. SWAP DERIVATIVE ACTIVITY 225,288. X X 0 0 0 CHAD SCHULTENOVER GENERAL MANAGER/COO 287610 0 57600 0 1200 0 8560 0 16321 0 371291 0 0 0 JARED WEIGHT SUPERINTENDENT 187269 0 22500 0 0 0 0 0 15732 0 225501 0 0 0 TODD FIRESTONE GOLF PRO 188109 0 12000 0 0 0 6401 0 11178 0 217688 0 0 0 LUDOVIC AARON TENNIS PRO 193043 0 9400 0 1000 0 6606 0 5813 0 215862 0 0 0 JUAN VEGAS CONTROLLER 147305 0 18800 0 300 0 1452 0 5813 0 173670 0 0 0 CLINT MILLER CLUBHOUSE MANAGER 125554 0 17000 0 1200 0 3323 0 11123 0 158200 0 0 0 PART I, LINE 3 WHEN THE BOARD HIRED THE COO, A RECRUITING FIRM THAT SPECIALIZES IN SOCIAL CLUBS WAS ENGAGED TO PROVIDE COMPARABLE MARKET SALARY DATA. THE BOARD PRESIDENT PROVIDES AND DOCUMENTS AN ANNUAL FORMAL REVIEW OF THE COO IN ORDER TO DETERMINE THE APPROPRIATE RAISE AND BONUS PAYOUTS. THE REVIEW IS BASED ON PRIOR FISCAL YEAR ACCOMPLISHMENTS AND INCLUDES INPUT FROM THE REST OF THE BOARD OF DIRECTORS. THE CMAA (CLUB MANAGEMENT ASSOCIATION OF AMERICA) COMPENSATION SURVEY IS USED AS A GUIDELINE TO ENSURE THE SALARY IS COMMENSURATE WITH THE EXPERIENCE OF THE COO AND SIZE OF THE CLUB BASED ON REVENUE/ MARKET. JEFF HAGERMAN FORMER DIRECTOR 1210095 BUILDING CONSTRUCTION 0 SCHEDULE L PART V - ADDITIONAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2025, THE CLUB PAID $1,210,095 FOR FACILITY CONSTRUCTION SERVICES TO A FIRM IN WHICH A FORMER MEMBER OF THE CLUB'S BOARD OF DIRECTORS (JEFF HAGERMAN) IS AN OWNER AND OFFICER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS SIGNED AND APPROVED FOR FILING. THE BOARD OF DIRECTORS IS PROVIDED WITH THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLCITS OF INTEREST POLICY IS REVIEWED REGULARLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE BOARD HIRED THE COO, A RECRUITING FIRM THAT SPECIALIZES IN SOCIAL CLUBS WAS ENGAGED TO PROVIDE COMPARABLE MARKET SALARY DATA. THE BOARD PRESIDENT PROVIDES AND DOCUMENTS AN ANNUAL FORMAL REVIEW OF THE COO IN ORDER TO DETERMINE THE APPROPRIATE RAISE AND BONUS PAYOUTS. THE REVIEW IS BASED ON PRIOR FISCAL YEAR ACCOMPLISHMENTS AND INCLUDES INPUT FROM THE REST OF THE BOARD OF DIRECTORS. THE CMAA (CLUB MANAGEMENT ASSOCIATION OF AMERICA) COMPENSATION SURVEY IS USED AS A GUIDELINE TO ENSURE THE SALARY IS COMMENSURATE WITH THE EXPERIENCE OF THE COO AND SIZE OF THE CLUB BASED ON REVENUE/ MARKET. A COMPENSATION COMMITTE REVIEWS AND SUGGETS THE COMPENSATION OF KEY EMPLOYEES. THE COMPENSATION IS THEN REVIEWED BY THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE INDIVUDALS ARE PROVIDED AN OPPORTUNITY TO REVIEW THESE DOCUMENTS AT THE ORGANIZATION'S HEADQUARTERS IN INDIANAPOLIS, INDIANA, DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP DERIVATIVE -49,955. MEMBERSHIP CERTIFICATES REDEEMED -87,450. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE OVERSIGHT PROCESS FROM THE PRIOR YEAR. A NEW INDEPENDENT AUDITOR WAS SELECTED FOR THE YEAR ENDED SEPTEMBER 30, 2025.