TY 2023 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) Dan Harris......................................................................
PRESIDENT

15.00
.................

(2) Armistead Boyd......................................................................
VICE-PRESIDENT

2.00
.................

(3) Laura Earnhart......................................................................
SECRETARY/TREASURER

2.00
.................

(4) Steve Jeremias......................................................................
BOARD MEMBER

2.00
.................

(5) Joe Browing......................................................................
BOARD MEMBER

2.00
.................

(6) Lee Lambert......................................................................
BOARD MEMBER

2.00
.................

(7) Maria Stasios......................................................................
BOARD MEMBER

2.00
.................

(8) Clark Whitman......................................................................
BOARD MEMBER

2.00
.................

(9) Hank Carter......................................................................
BOARD MEMBER

2.00
.................

(10) Gregg Tolerico......................................................................
GENERAL MANAGER

40.00
.................

53,115

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

Hanover Seaside Club

Employer identification number

56-0733557

Return Reference	Explanation
Form 990, Part VI, Section A, line 6	Members
Form 990, Part VI, Section A, line 7a	The Hanover Seaside Club has two membership classifications - Regular and Seasonal. Regular members are entitled to hold office, are subject to assessment, and have the power to vote as defined in the Club Constitution, including the election of officers and at-large members of the Club Board of Directors. A Seasonal member is not entitled to any of those privelEges and may not be assessed but pays the same initiation fee and annual dues as Regular Members. Seasonal members may serve on Standing Committees.
Form 990, Part VI, Section A, line 7b	Decisions subject to the approval of members are defined in the Hanover Seaside Club Constitution and include election of the Board of Directors and the approval of annual and special assessments.
Form 990, Part VI, Section B, line 11b	The 990 is prepared by a CPA and then provided to the full governing body in draft form for review and comment prior to filing.
Form 990, Part VI, Section B, line 15a	The General Manager's compensation is determined by the Board of Directors and is based on compensation for comparable positions in social clubs of similar size and scope in similar regions of the United States.
Form 990, Part VI, Section C, line 19	Documents required to be open for public inspection are available from the organization upon request.
Form 990, Part IX, line 24e	Bank & Merchant Fees: Program service expenses 31,885. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,885. Janitorial: Program service expenses 16,722. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,722. Disposal of Fixed Assets: Program service expenses 15,088. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,088. Expenses related to Supporting income : Program service expenses 3,736. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,736. Supplies: Program service expenses 3,694. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,694. Capital purchases less than 5K: Program service expenses 3,587. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,587. Office & Other: Program service expenses 3,378. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,378. Storage Unit: Program service expenses 1,485. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,485. Dues, Licenses: Program service expenses 687. Management and general expenses 0. Fundraising expenses 0. Total expenses 687. Contract Labor: Program service expenses 600. Management and general expenses 0. Fundraising expenses 0. Total expenses 600. Equipment Lease: Program service expenses 308. Management and general expenses 0. Fundraising expenses 0. Total expenses 308.
Form 990, Part XI, line 9:	Cummulative effect of Accrual to Cash -37,815.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE FACILITIES FOR OCEANSIDE RECREATION TO MEMBERS AND THEIR FAMILIES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2023 (Part V, line 2a) ......	5	30
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	293,714
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	122,407

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,152,589	869,043
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	22,601	46,827
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	62,238
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,175,190	978,108
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	293,725	333,137
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	849,617	567,815
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,143,342	900,952
19	Revenue less expenses. Subtract line 18 from line 12.......	31,848	77,156
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	3,447,530	3,402,765
21	Total liabilities (Part X, line 26).............	901,554	817,448
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,545,976	2,585,317

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 900,952 including grants of $ ) (Revenue $ )
	THE CLUB PROVIDES MEALS, DINING FACILITIES, AND OTHER RECREATIONAL FACILITIES FOR MEMBERS AND THEIR GUESTS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses900,952

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	53,115	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	Member Dues	713990	423,352	423,352
b	Rental of Facilities	713990	388,028	144,901	243,127
c	Fees	721000	38,765	38,765
d	Supporting Income	713990	13,048	13,048
e
f	All other program service revenue.		5,850	2,090	3,760
g	Total. Add lines 2a–2f .....		869,043

3 Investment income (including dividends, interest, and othersimilar amounts) ......			46,827		46,827
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b
c	Gain or (loss)	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	178,760
b	Less: cost of goods sold ..		10b	116,522
c	Net income or (loss) from sales of inventory..			62,238	62,238

Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			978,108	684,394	293,714	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	53,115	53,115
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	253,744	253,744
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	26,278	26,278
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	7,500	7,500
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......	22,275	22,275
15	Royalties ..
16	Occupancy ...........	58,116	58,116
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	25,455	25,455
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	103,722	103,722
23	Insurance ...	63,186	63,186
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	UBI Taxes	32,052	32,052
b	Repairs & Maintenance	68,241	68,241
c	Property Taxes	58,976	58,976
d	Cottage Management fee	47,122	47,122
e	All other expenses	81,170	81,170
25	Total functional expenses. Add lines 1 through 24e	900,952	900,952	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			203,439	1	228,338
2	Savings and temporary cash investments .........			1,006,071	2	805,590
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4	22,224
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			6,014	8	5,789
9	Prepaid expenses and deferred charges ......				9	48,368
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	3,898,887
b	Less: accumulated depreciation	10b	1,606,431	2,232,006	10c	2,292,456
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			3,447,530	16	3,402,765

17	Accounts payable and accrued expenses .....		17	53,266
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..	901,554	24	764,182
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	901,554	26	817,448

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	2,545,976	27	2,585,317
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	2,545,976	32	2,585,317
33	Total liabilities and net assets/fund balances ........	3,447,530	33	3,402,765

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	718,470		718,470
b	Buildings ....	2,942,284	1,388,072	1,554,212
c	Leasehold improvements
d	Equipment ....	238,133	218,359	19,774
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,292,456

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII