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Nonprofit · EIN 57-0951170

CYPRESS CLUB INC

Tax-exempt · HILTON HEAD, SC 29926

Financials

$24.4M$25.8M2023$25.9M$27.6M2024
Revenue Expenses · by fiscal year end
Financials of CYPRESS CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$25,926,090$27,573,206-$1,647,116$36,815,019$2,780,253$34,034,766
December 31, 2023990$24,386,975$25,765,316-$1,378,341$34,996,919$2,167,047$32,829,872
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$25,700,752
Investment income
$4,263
Net rental income
$15,795
Other revenue
$221,075

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$12,714,902
Salaries, compensation and benefits (total)
$15,426,890
Professional fundraising fees
$0
Legal fees
$12,163
Accounting fees
$109,093
Occupancy
$2,182,369
Travel
$30,208
Depreciation
$64,727
Program services (functional)
$21,569,553
Management and general (functional)
$6,003,653

Balance sheet and other

Total assets, start of year
$34,996,919
Total assets, end of year
$36,815,019
Total liabilities, end of year
$2,780,253
Net assets, end of year
$34,034,766
Land, buildings and equipment
$392,438
Net assets without donor restrictions
$34,034,766
Gross receipts
$25,926,090
Employees
458
Volunteers
0
Year formed
1991
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Daniel HartDir. of Finance
Highest-paid employee
40$118,107
Brigdee MabelleDir. Of Nursing
Highest-paid employee
40$114,125
GALEN MILLERDIR. OF TECHNOLOGY
Highest-paid employee
40$111,795
Sheila GloverEmployee
Highest-paid employee
40$111,641
Joan SatoEmployee
Highest-paid employee
40$109,772
BOB RAEHNDIRECTOR
Trustee or director
0.3$0
JAMES P COLEMANDIRECTOR
Trustee or director
0.3$0
JEFF BRADLEYDIRECTOR
Trustee or director
0.3$0
MARC PUNTERERIDIRECTOR
Trustee or director
0.3$0
Randy DolynukDIRECTOR
Trustee or director
0.3$0
Barbara SepichEXECUTIVE DIRECTOR (Partial Year)
Officer
40$0
Michael FinkExecutive Director (Partial Year)
Officer
40$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Christopher SmithDIR. OF FOOD & BEVERAGE
Highest-paid employee
40$120,212
GALEN MILLERDIR. OF TECHNOLOGY
Highest-paid employee
40$106,976
Brigdee MabelleDIR. OF NURSING
Highest-paid employee
40$104,589
BOB RAEHNDIRECTOR
Trustee or director
0.3$0
JAMES P COLEMANDIRECTOR
Trustee or director
0.3$0
JEFF BRADLEYDIRECTOR
Trustee or director
0.3$0
MARC PUNTERERIDIRECTOR
Trustee or director
0.3$0
Randy DolynukDIRECTOR
Trustee or director
0.3$0
Barbara SepichEXECUTIVE DIRECTOR
Officer
40$0

Address and contacts

Address (IRS master file)
20 LADYSLIPPER LN, HILTON HEAD, SC 29926-1372
Principal officer (990 for 2024)
Michael Fink, 20 LADY SLIPPER LANE, HILTON HEAD ISLAND, SC 29926
Signed the 990
Michael Fink, Executive Director
Phone
(843) 689-7000
Return prepared by
Forvis Mazars LLP

Mission

THE CYPRESS CLUB, INC. WAS ESTABLISHED AS A NON-PROPRIETARY, NON- SHAREHOLDER, NOT-FOR-PROFIT MUTUTAL BENEFIT CORPORATION UNDER THE LAWS OF SOUTH CAROLINA, EXCLUSIVELY TO MAINTAIN HOUSING FOR THE ELDERLY, TO DIRECTLY PROVIDE HEALTH CARE FOR THE PHYSICAL AND MENTAL WELL-BEING OF ITS RESIDENTS, AND TO OPERATE THE FACILITY AT ITS LOWEST FEASIBLE AND ACCEPTABLE COST.

990 for the year ended December 31, 2024

Program accomplishments

  • LIFE CARE SERVICES HAS BEEN ENGAGED AS A MANAGEMENT COMPANY AND IS RESPONSIBLE FOR IMPLEMENTING POLICIES AND PROCEDURES ESTABLISHED BY THE CLUB, SUPERVISING DAY TO DAY MANAGEMENT OF THE CLUB, AND PROVIDING/RECOMMENDING OPERATIONAL PROJECTIONS AND GOALS FOR THE CLUB. AS A PART OF THE MANAGEMENT AGREEMENT, LIFE CARE SERVICES HIRES AND COMPENSATES THE EXECUTIVE DIRECTOR OF THE CLUB, SANDY GRIFFIN-BUKOSKEY AND THE ADMINISTRATOR, MONIQUE MCRAE. THE CLUB REIMBURSES LIFE CARE SERVICES FOR ALL SUCH PAYROLL EXPENSES IN ADDITION TO CONTRACTED MANAGEMENT FEES. ADDITIONAL INFORMATION REGARDING THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS FOUND ON PART VII OF THIS 990 AS WELL AS SCHEDULE J.
    Expenses $11,430,960 · revenue $13,061,226
  • THE CYPRESS HAS AN ON-SITE HEALTH CARE CENTER WHICH IS LICENSED TO PERFORM NURSING CARE SERVICES.
    Expenses $6,456,653 · revenue $7,970,370
  • The Cypress offers in-home assisted living and clinic services for its members.
    Expenses $3,681,940 · revenue $4,684,951

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
57-0951170
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible (Pub 78)
Organization other than a public charity or private foundation
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$36,815,019
Income (IRS master file)
$25,926,090

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$25,926,090$27,573,206$36,815,019XML
990December 2023$24,386,975$25,765,316$34,996,919IRS
990December 2022$23,570,745$21,783,503$35,189,945IRS
990December 2021$20,067,120$18,214,072$31,122,152IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0951170).

Questions about CYPRESS CLUB INC

What is the EIN of CYPRESS CLUB INC?
The employer identification number (EIN) of CYPRESS CLUB INC is 57-0951170.
Is CYPRESS CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1997.
Are donations to CYPRESS CLUB INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
Which annual return does CYPRESS CLUB INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CYPRESS CLUB INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CYPRESS CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CYPRESS CLUB INC?
The 990 for the year ended December 31, 2024 names Michael Fink.
Who are the officers and directors of CYPRESS CLUB INC?
The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $118,107 (Daniel Hart, Dir. of Finance).
How much revenue does CYPRESS CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $25,926,090, expenses of $27,573,206 and total assets of $36,815,019 at year end.

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