2023-11-13T09:45:58-06:00 2022-12-31 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2022-01-01 520744656 THE CENTER CLUB INC CENT 4107277788 100 LIGHT STREET SUITE 16 BALTIMORE MD 21202 TONY HAYNES DIRECTOR OF FINANCE 4107277788 2023-11-09 1 TONY HAYNES 999009999 0 SUSAN KELLER P00245169 4107275735 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RONALD R PETERSON 100 LIGHT STREET SUITE 16 BALTIMORE MD 21202 7476241 0 X WWW.CENTERCLUB.ORG X 1962 MD THE ORGANIZATION OPERATES AS A SOCIAL CLUB AND PROVIDES SOCIAL ACTIVITIES TO ITS MEMBERS. 37 37 101 0 169926 6399 595725 0 3042074 3666395 -119555 8686 1858943 2713582 5377187 6388663 218 320 0 0 2343294 3185885 0 0 0 2580356 3226343 4923868 6412548 453319 -23885 7504858 12527280 5561476 10607783 1943382 1919497 X THE CENTER CLUB CREATES A DYNAMIC, INCLUSIVE ENVIRONMENT THAT SERVES A DIVERSE MEMBERSHIP OF BUSINESS AND COMMUNITY LEADERS AS BALTIMORE'S PREMIER VENUE FOR DINING, BUSINESS, SOCIAL AND FAMILY ACTIVITIES. THE SOPHISTICATED AND CONGENIAL PRIVATE CLUB ATMOSPHERE CULTIVATES MEMBER ENGAGEMENT THROUGH VIBRANT PROFESSIONAL, CULTURAL AND COMMUNITY PROGRAMS. 0 0 THE ORGANIZATION OPERATES AS A SOCIAL CLUB TO PROVIDE SOCIAL DINING ACTIVITIES AND SPECIAL EVENTS FOR ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 1 1 0 0 1 55 0 101 0 1 1 0 0 0 0 153588 209583 0 0 0 X 37 37 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MD X X TONY HAYNES 4107277788 100 LIGHT STREET BALTIMORE MD 21202 X AL HUTCHINSON GOVERNOR 1.00 X 0 0 0 ALVIN KATZ GOVERNOR 1.00 X 0 0 0 ANIRBAN BASU GOVERNOR 1.00 X 0 0 0 ANTHONY MOAG GOVERNOR 1.00 X 0 0 0 AUGUST CHIASERA GOVERNOR 1.00 X 0 0 0 BARBARA BOZZUTO GOVERNOR 1.00 X 0 0 0 BRADLEY CHAMBERS VICE PRESIDENT 1.00 X X 0 0 0 CALVIN G BUTLER JR GOVERNOR 1.00 X 0 0 0 CHARLES YOUNG GOVERNOR 1.00 X 0 0 0 CHRISTINE ASPELL GOVERNOR 1.00 X 0 0 0 DANIEL JOERRES GOVERNOR 1.00 X 0 0 0 DENISE ADAH GOVERNOR 1.00 X 0 0 0 DONALD FRY GOVERNOR 1.00 X 0 0 0 GREGORY TUCKER GOVERNOR 1.00 X 0 0 0 GUY E FLYNN GOVERNOR 1.00 X 0 0 0 JOANN IOANNOU GOVERNOR 1.00 X 0 0 0 JOEY PRICE GOVERNOR 1.00 X 0 0 0 JOHN B FRISCH GOVERNOR 1.00 X 0 0 0 JULIA MARCIARI-ALEXANDER GOVERNOR 1.00 X 0 0 0 JULIE MERCER GOVERNOR 1.00 X 0 0 0 KEITH LEE GOVERNOR 1.00 X 0 0 0 KELLY DRNEC GOVERNOR 1.00 X 0 0 0 LAWRENCE LAMOTTE GOVERNOR 1.00 X 0 0 0 LOUIS KOUSOURIS GOVERNOR 1.00 X 0 0 0 LYNN SELBY GOVERNOR 1.00 X 0 0 0 MARC BROADY GOVERNOR 1.00 X 0 0 0 MARK DEERING SECRETARY 1.00 X X 0 0 0 MARK WEIGMAN GOVERNOR 1.00 X 0 0 0 MARY PAT SEURKAMP GOVERNOR 1.00 X 0 0 0 NANCY GREENE GOVERNOR 1.00 X 0 0 0 PATRICIA MC BROWN ESQ GOVERNOR 1.00 X 0 0 0 PJ MITCHELL GOVERNOR 1.00 X 0 0 0 REDONDA MILLER GOVERNOR 1.00 X 0 0 0 RHONDA PRINGLE GOVERNOR 1.00 X 0 0 0 RONALD R PETERSON PRESIDENT 1.00 X X 0 0 0 SHANAYSHA SAULS GOVERNOR 1.00 X 0 0 0 SHELONDA STOKES GOVERNOR 1.00 X 0 0 0 STACEY ULLRICH GOVERNOR 1.00 X 0 0 0 TJ BRIGHTMAN GOVERNOR 1.00 X 0 0 0 KEVIN BONNER GENERAL MANAGER 50.00 X 216702 0 6763 CHARLES R BANNAN III EXECUTIVE CHEF 50.00 X 177184 0 22891 393886 0 29654 2 0 1 0 L&M INTERNATIONAL INC 7929 LIBERTY RD WINDSOR MILL MD 21244 TEMPORARY LABOR 288807 MPK&D PARTNERS 3114 HARFORD RD HYDES MD 21082 MARKETNG CONSULTANTS 104496 2 MEMBERSHIP FEES 900099 2301917 2301917 SERVICE CHARGE 722513 855416 812279 43137 ROOM RENTALS 722513 314828 314828 HOLIDAY FUND 722513 158174 158174 PARKING FEES 722513 36060 36060 3666395 8686 8686 3744580 1087578 2657002 2538899 118103 MISCELLANEOUS REVENUE 900099 56580 56580 56580 6388663 6218737 169926 0 320 223465 2556551 26919 160894 218056 137040 282839 53459 74320 970745 6566 15505 24702 535324 72000 OTHER GUEST SERVICE EXP 273545 HOLIDAY FUND 211874 CREDIT CARD EXPENSES 153106 REPAIRS & MAINTENANCE 141318 274000 6412548 X 2764815 2321467 555507 1086474 104761 137187 36603 46132 7645216 4044296 3978921 3600920 64251 5335100 7504858 12527280 562913 418401 2679925 2958540 2318638 7230842 5561476 10607783 X 1676503 1706318 266879 213179 1943382 1919497 7504858 12527280 -23885 0 X X 0 1 X 1 0 6097078 2998293 3098785 1548138 1046003 502135 3600920 REFUNDABLE DEPOSITS 5130 OTHER CURRENT ASSETS 7368 RIGHT OF USE ASSET 5322602 5335100 NOTES PAYABLE 458331 DUE TO FOUNDATION 58333 LEASE LIABILITY 6714178 7230842 X 7476241 1087578 1087578 6388663 0 6388663 7500126 1087578 1087578 6412548 0 6412548 PART X, LINE 2: THE CLUB FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE CLUB'S EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING THE CLUB'S TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT TOOK ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENTS FOR COST OF GOODS SOLD 1,087,578. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENTS FOR COST OF GOODS SOLD 1,087,578. X 0 0 0 KEVIN BONNER GENERAL MANAGER 187142 0 29560 0 0 0 6168 0 595 0 223465 0 0 0 CHARLES R BANNAN III EXECUTIVE CHEF 146425 0 30759 0 0 0 4844 0 18047 0 200075 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CENTER CLUB MEMBERS HAVE THE POWER TO ELECT OFFICERS ON THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD IS ELECTED BY THE MEMBERS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND THE TREASURER. IT IS THEN CIRCULATED AND REVIEWED BY THE FINANCE COMMITTEE. LASTLY, THE 990 IS SENT TO THE EXECUTIVE COMMITTEE AND TO THE BOARD OF GOVERNORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE TREASURER REVIEWS THE CONFLICT OF INTEREST POLICY AND THE INDIVIDUAL RESPONSES TO THE POLICY ANNUALLY. THE TREASURER AND FINANCE COMMITTEE ARE AWARE OF ALL TRANSACTIONS/RELATIONSHIPS WITH THE BOARD OF GOVERNOR COMPANIES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMMITTEE ACTS AS COMPENSATION COMMITTEE - THAT REVIEWS THE LATEST COMPENSATION SURVEY (FROM CLUB BENCHMARKING AND CMAA) FOR ALL SALARIED POSITIONS AND FORM 990S FOR OTHER ORGANIZATIONS ON AN ANNUAL BASIS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 19 THESE ITEMS ARE AVAILABLE ON GUIDESTAR AND UPON REQUEST TO TONY HAYNES AT 667-217-3544. FORM 990, PART X, LINE 15B IN FEBRUARY 2016, THE FASB ISSUED ACCOUNTING STANDARDS UPDATE 2016-02 LEASES (TOPIC 842) TO INCREASE TRANSPARENCY AND COMPARABILITY AMONG ORGANIZATIONS BY RECOGNIZING LEASE ASSETS AND THE CORRESPONDING LEASE LIABILITIES AND DISCLOSING KEY INFORMATION ABOUT LEASING ARRANGEMENTS FOR LESSEES AND LESSORS. THE NEW STANDARD APPLIES A RIGHT-OF-USE MODEL THAT REQUIRES, FOR ALL LEASES WITH A LEASE TERM OF MORE THAN 12 MONTHS, AN ASSET REPRESENTING ITS RIGHT TO USE THE UNDERLYING ASSET FOR THE LEASE TERM AND A LIABILITY TO MAKE LEASE PAYMENTS TO BE RECORDED. THE CLUB ADOPTED THE STANDARD EFFECTIVE JANUARY 1, 2022 AND RECOGNIZED AND MEASURED LEASES EXISTING AT, OR ENTERED INTO AFTER, JANUARY 1, 2022 THROUGH A CUMULATIVE EFFECT ADJUSTMENT. THE STANDARD HAD A MATERIAL IMPACT ON THE STATEMENT OF FINANCIAL POSITION BUT DID NOT HAVE A MATERIAL IMPACT ON THE STATEMENT OF ACTIVITIES NOR THE STATEMENT OF CASH FLOWS. THE MOST SIGNIFICANT IMPACT WAS THE RECOGNITION OF RIGHT-OF-USE ASSETS AND LEASE LIABILITIES FOR OPERATING LEASES. TO CONFORM WITH FASB AND TO AGREE WITH THE FINANCIAL STATEMENT, THE RIGHT OF USE ASSET HAS BEEN SEPERATELY STATED AS AN OTHER ASSET ON THIS 990. FORM 990, PART XII, LINES 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE CENTER CLUB FOUNDATION INC 100 LIGHT STREET 16TH FLOOR BALTIMORE MD 21202 833470277 CONDUIT FOR THE CENTER CLUB'S CHARITABLE AND EDUCATIONAL ACTIVITIES MD 501(C)(3) LINE 7 CENTER CLUB INC 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 THE CENTER CLUB FOUNDATION INC E 58333 CASH