| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 1 | On April 29, 2024, a fire completely destroyed the Club's clubhouse and contents. Management determined all of the Club's fixed assets should be written off. The Club received $852,066 of insurance proceeds. Management decided to build a new clubhouse and construction began in 2024. A $199,405 liability is recorded on the balance sheet in Part X. This $199,405 liability consists of the following: Insurance Proceeds $ 852,066 Assets Destroyed and Written Off Building 31,953 Improvements 135,671 Furniture & Equipment 158,008 Total Written Off (325,632) Clean Up Expenses (3,681) New Clubhouse Construction in Progress (323,348) Insurance Proceeds from Fire (Net) $ 199,405 |
| Form 990, Part VI, Section A, line 2 | Anton H. George, Laura L. George, and Anton H. George Jr. are all family members. |
| Form 990, Part VI, Section B, line 11b | Copies of Form 990 are made available to all board members for review prior to submission. |
| Form 990, Part VI, Section C, line 19 | All of the Organization's governing documents, policies, and financial statements are publicly available upon request. |
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