2023-11-13T10:25:09-06:00 2022-12-31 540737372 PBMARES LLP 12150 MONUMENT DRIVE SUITE 350 FAIRFAX VA 22033 990 2022-01-01 560506447 CHARLOTTE CITY CLUB INC CHAR 7043344738 121 W TRADE STREET SUITE 3100 CHARLOTTE NC 28202 BEN MILLER PRESIDENT 7043344738 2023-11-09 1 BEN MILLER XXX-XX-XXXX 1 EDWARD T YODER CPA P00239134 7033858577 2023-11-09 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BEN MILLER 121 W TRADE STREET SUITE 3100 CHARLOTTE NC 28202 3510099 0 X WWW.CHARLOTTECITTYCLUB.COM X 1947 NC THE PURPOSE OF CHARLOTTE CITY CLUB, INC. (THE CLUB) IS TO OPERATE A PRIVATE DINING FACILITY FOR MEMBERS AND THEIR GUESTS. TO PROVIDE THE MEMBERS THE OPPORTUNITY TO CONVENE, SOCIALIZE AND RECREATE IN ORDER TO FORM A COMMON BOND OF FRIENDSHIP AND COMMUNITY. THE CLUB IS NOT OPEN TO THE GENERAL PUBLIC. 15 15 66 52 116993 26007 0 0 1666571 1407732 758104 59931 861805 1388473 3286480 2856136 0 0 0 0 1903144 1523202 0 0 0 2197827 2344944 4100971 3868146 -814491 -1012010 14589819 12113469 5345151 4721319 9244668 7392150 CHARLOTTE CITY CLUB IS AN UNPARALLEDED PRIVATE HAVEN IN THE HEART OF UPTOWN. OUR MEMBER COMMUNITY ENGAGES IN FELLOWSHIP, CULTURE, SPORTS, ARTS AND ENTERTAINMENT TO CONNECT AND SHARE IN LIFE'S GREATEST MOMENTS. 0 0 THE PURPOSE OF CHARLOTTE CITY CLUB, INC. (THE CLUB) IS TO OPERATE A PRIVATE DINING FACILITY FOR MEMBERS AND THEIR GUESTS. TO PROVIDE THE MEMBERS THE OPPORTUNITY TO CONVENE, SOCIALIZE AND RECREATE IN ORDER TO FORM A COMMON BOND OF FRIENDSHIP AND COMMUNITY. THE CLUB IS NOT OPEN TO THE GENERAL PUBLIC. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 66 1 1 1 0 0 0 0 0 268973 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X THE CLUB 7043344738 121 W TRADE STREET SUITE 3100 CHARLOTTE NC 28202 RONNIE BRYANT PRESIDENT 5.00 X X 0 0 0 GREG JAMES TREASURER 5.00 X X 0 0 0 MASON ALEXANDER SECRETARY 5.00 X X 0 0 0 DIANE ELDER 1ST VP - PRES ELECT 5.00 X X 0 0 0 MERCER CAULEY VICE PRESIDENT 5.00 X X 0 0 0 MARK MEAD GOVERNOR 1.00 X 0 0 0 LYNNE TATUM LITTLE GOVERNOR 1.00 X 0 0 0 BEN MILLER GOVERNOR 1.00 X 0 0 0 MARSHALL MONROE GOVERNOR 1.00 X 0 0 0 JAMES MANNIX GOVERNOR 1.00 X 0 0 0 CAMERON CAUDLE GOVERNOR 1.00 X 0 0 0 JOHN MARSHALL GOVERNOR 1.00 X 0 0 0 KELLY YAKSCOE GOVERNOR 1.00 X 0 0 0 CAMERON CAUDLE GOVERNOR 1.00 X 0 0 0 TOM NASH PAST PRESIDENT 5.00 X X 0 0 0 ELISHA CICERONE GENERAL MANAGER/COO 40.00 X 288884 0 12242 288884 0 12242 2 0 1 0 TR 121 W TRADE LLC 160 MINE LAKE CT STE 200 RALEIGH NC 276156417 RENT & UTILITIES 550030 HARKER LLC 122 WEST BLAND STREET SUITE A CHARLOTTE NC 28203 CONSTRUCTION 237030 UNITED HEALTHCARE PO BOX 959782 ST LOUIS MO 63195 HEALTH INSURANCE 113705 PREFERRED PARKING 128 SOUTH TRYON ST SUITE 1560 CHARLOTTE NC 28202 PARKING/GARAGE 102647 4 MEMBERSHIP DUES 713990 1407732 1407732 1407732 88681 88681 57997 86747 -28750 -28750 -28750 1887789 567216 1320573 1263511 57062 MISC. REVENUE-RELATED-990 713990 67900 67900 67900 2856136 2739143 116993 0 1646212 43664 128466 -295140 20007 114384 173094 60984 733905 2365 77395 642453 40622 INCOME TAX EXPENSE 59516 REPAIRS & MAINTENANCE 125964 SUPPLIES 85544 MARKETING 56336 152375 3868146 409308 113213 13859 26351 491791 444845 66735 86690 112362 20848 8671680 2474256 6871950 6197424 6623814 5224098 14589819 12113469 514152 277335 1070227 1439548 2799767 2531076 961005 473360 5345151 4721319 X 9244668 7392150 9244668 7392150 14589819 12113469 -1012010 -840508 0 X 0 1 X 1 0 5785645 1619737 4165908 2886035 854519 2031516 6197424 134270 DEFFERED LEASE INCENTIVE 339090 473360 X 2856136 0 2856136 0 2856136 3868146 0 3868146 0 3868146 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBERS' TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. FEDERAL INCOME TAXES ARE CALCULATED ON UNRELATED BUSINESS INCOME. FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE CLUB'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FASB ASC. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSES AND OTHER EXPENSES, RESPECTIVELY. 1 X X X X X X 1 1 0 ELISHA CICERONE GENERAL MANAGER/COO 261274 0 27500 0 110 0 0 0 12242 0 301126 0 0 0 PART I, LINES 4A-B JOHN SCHARER (FORMER GENERAL MANAGER) WAS THE ONLY PARTICIPANT IN A 457(F) DEFERRED COMPENSATION PLAN WHICH CHARLOTTE CITY CLUB CONTRIBUTED TO. DURING 2021, $0 CONTRIBUTIONS WERE MADE TO THE 457(F) PLAN BY EITHER THE PARTICIPANT OR THE CLUB, AND THE BALANCE OF $96,666.81 WAS PAID OUT TO MR. SCHARER IN ADDITION TO SEVERANCE OF $96,666.84 AND A BONUS OF $90,955.03. FORM 990, PART VI, SECTION A, LINE 6 CHARLOTTE CITY CLUB, INC. IS ORGANIZED AS A NON-PROFIT CORPORATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A RESIDENT, EXECUTIVE RESIDENT, AND SENIOR MEMBERS ALL HAVE VOTING RIGHTS. A BALLOT IS SENT TO EACH OF THESE THREE CATEGORIES LISTING THE MEMBERS NOMINATED FOR THE BOARD. BALLOTS ARE COUNTED AND THE NEWLY ELECTED BOARD MEMBERS ARE ANNOUNCED AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD CONSISTS OF 15 ELECTED RESIDENT OR EXECUTIVE MEMBERS. THEIR POWERS WITH A QUORUM OF 8 GOVERNORS SHALL INCLUDE TO MAKE OR AMEND BYLAWS, RULES AND REGULATIONS, RECEIVE AND REDRESS COMPLAINTS, AND TO CARE FOR AND AUTHORIZE THE EXPENDITURES OF THE FUNDS OF THE CLUB. THE BOARD ALSO HAS ABILITY TO FIX AND ENFORCE OR REMIT PENALTIES FOR VIOLATIONS OF BYLAWS, RULES AND REGULATIONS, AND TO BIND THE CLUB IN LEASES OR OTHER CONTRACTS. THE BOARD CAN ELECT MEMBERS AND OFFICERS OF THE CLUB AND PERFORM ACTS THAT ARE CONSISTENT WITH THE CHARTER AND BYLAWS AS NECESSARY FOR THE WELFARE OF THE CLUB. INCLUDING BUT NOT LIMITED TO, FILLING VACANCIES ON THE BOARD FOR UNEXPIRED TERMS AND AUTHORIZING THE PURCAHSE OF INSURANCE ON BEHALF OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER AND THE FINANCE COMMITTEE REVIEW A DRAFT TAX RETURN. AFTER THEIR APPROVAL, A COPY IS SENT TO EACH BOARD MEMBER. AT THE NEXT REGULAR BOARD MEETING THE TREASURER DISCUSSES THE 990 AND ASKS FOR QUESTIONS. AFTER QUESTIONS ARE RESOLVED THE 990 IS SIGNED AND FILED WITH THE INTERNAL REVENUE SERVICE. THE SAME PROCEDURE IS USED FOR THE 990T AND THE STATE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE FINANCE COMMITTEE REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY. EACH NEW MEMBER OF THE BOARD OF GOVERNORS MUST READ AND SIGN THE POLICY, AND ANNUALLY THEREAFTER. IN THE EVENT OF SUCH CONFLICT, INTERESTED PARTIES ARE REQUIRED TO GIVE NOTICE OF ANY CONFLICT THAT ARISES DURING HIS/HER TERM. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE IS ALSO THE COMPENSATION COMMITTEE. THE COMMITTEE IS MADE UP OF THE OFFICERS OF THE CLUB AND THE EX-OFFICIO. THE COMMITTEE HAS THE POWER TO APPOINT THE GENERAL MANAGER, TO SET THEIR COMPENSATION AND PERFORM REVIEWS. REVIEWS MAY LEAD TO INCREASES IN COMPENSATION BUT INCREASES ARE NOT GUARANTEED. RESEARCH IS PREPARED FROM DIFFERT SOURCES SUCH AS THE CLUB MANAGER ASSOCIATION OF AMERICA AND FROM RETRIEVING ANNUAL COMPENSATION FOR GENERAL MANAGERS OF EXEMPT PRIVATE CLUBS FROM OTHER CLUB'S FORMS 990. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB MAKES ITS GOVERNING DOCUMENTS AVAILABLE ON THE CLUB'S WEBSITE AND UPON REQUEST. THE CLUB'S CONFLICT OF INTEREST POLICY IS AVAILABLE FOR INSPECTION AT THE CLUB. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND FOR INSPECTION AT THE CLUB. ALL MEMBERS WHO ATTEND THE ANNUAL MEMBERSHIP MEETING ARE OFFERED A COPY OF THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS AVAILABLE ON THE CLUB'S WEBSITE AND UPON REQUEST. THE CLUB'S CONFLICT OF INTEREST POLICY IS AVAILABLE FOR INSPECTION AT THE CLUB. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND FOR INSPECTION AT THE CLUB. ALL MEMBERS WHO ATTEND THE ANNUAL MEMBERSHIP MEETING ARE OFFERED A COPY OF THE AUDITED FINANCIAL STATEMENTS.