2023-12-13T11:48:21-06:00 2023-02-28 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-03-01 160446600 GENESEE VALLEY CLUB GENE 5852711010 421 EAST AVENUE ROCHESTER NY 14607 ANNEMARIE COOK TREASURER 5852711010 2024-01-15 1 ANNEMARIE COOK XXX-XX-XXXX 1 KATHERINE WELC P01523969 5854231860 2023-12-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN M COREY 421 EAST AVENUE ROCHESTER NY 14607 7624545 0 X WWW.GVALLEYCLUB.ORG X 1885 NY PURPOSE OF THE CLUB IS TO PROMOTE SOCIALIZATION AMONG ITS MEMBERS, THEIR FAMILIES AND GUESTS BY PROVIDING THEM THE COMFORTS AND CONVENIENCES OF A CLUBHOUSE, INCLUDING A SPORTS CLUB, READING ROOM, LIBRARY, RESTAURANT AND BAR. 15 15 168 18 -469681 0 810435 705717 3541789 3835925 0 0 -1969896 -2094507 2382328 2447135 0 0 0 0 1237103 1487256 0 0 0 831812 837145 2068915 2324401 313413 122734 5904025 5490318 4321543 3785102 1582482 1705216 X THE GENESEE VALLEY CLUB IS COMMITTED TO PROVIDING ITS MEMBERS, THEIR FAMILIES AND GUESTS AN INVITING AND REWARDING MEMBERSHIP EXPERIENCE THROUGH ITS FINE PROGRAMS AND ENVIRONMENT FOR SOCIAL AND BUSINESS DINING, PRIVATE FUNCTIONS, RACQUET SPORTS, FITNESS AND OTHER ATHLETIC ACTIVITIES. MEMBERSHIP IS BY INVITATION TO MEN AND WOMEN OF AFFABILITY, GOOD CHARACTER AND REPUTATION WHO ARE DEEMED ACCEPTABLE ON THEIR INDIVIDUAL MERITS. 0 0 THE CLUB HAS SERVED TO PROMOTE SOCIALIZATION AMONG ITS MEMBERS AND HAS PROVIDED THEM WITH A CLUBHOUSE, INCLUDING A SPORTS CLUB, READING ROOM, RESTAURANT AND BAR AND HAS APPROXIMATELY 593 MEMBERS. 0 1 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 0 0 0 1 18 0 168 1 1 1 0 0 0 0 449360 942150 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 X GENESEE VALLEY CLUB 5852711010 421 EAST AVENUE ROCHESTER NY 14607 M KAREN WEBBER GOVERNOR 1.00 X 0 0 0 RICHARD L GOLDSTEIN TREASURER - RESIGNED DURING YEAR 1.00 X X 0 0 0 MEGAN HENRY PRESIDENT 1.00 X X 0 0 0 AARON HILGER VICE PRESIDENT - RESIGNED DURING YEAR 1.00 X X 0 0 0 DONALD KITCHEN GOVERNOR 1.00 X 0 0 0 DANIEL M MEYERS GOVERNOR - RESIGNED DURING YEAR 1.00 X 0 0 0 ROBERT SALMON VICE PRESIDENT 1.00 X X 0 0 0 JOHN C MEALEY GOVERNOR 1.00 X 0 0 0 KATHERINE VA MCCURDY GOVERNOR 1.00 X 0 0 0 SANDEEP MANNAVA GOVERNOR 1.00 X 0 0 0 MITHRA GONZALEZ GOVERNOR 1.00 X 0 0 0 PETER J GREGORY SECRETARY 1.00 X X 0 0 0 DENT WILKENS GOVERNOR 1.00 X 0 0 0 NAOMI SILVER GOVERNOR 1.00 X 0 0 0 MICHAEL TAMBE GOVERNOR 1.00 X 0 0 0 ANNEMARIE COOK TREASURER - JOINED DURING YEAR 1.00 X X 0 0 0 MICHAEL GIOJA GOVERNOR - JOINED DURING YEAR 1.00 X 0 0 0 MELISSA GESKA GOVERNOR - JOINED DURING YEAR 1.00 X 0 0 0 JOHN M COREY GM/COO 40.00 X 205490 0 34953 ILHAN ERKEK EXECUTIVE CHEF 40.00 X 131013 0 16062 SEAN M KELLEY TENNIS PROFESSIONAL 40.00 X 114133 0 0 450636 0 51015 3 0 1 0 0 705717 705717 MEMBERSHIP DUES & ASSESSMENTS 713910 3105731 3105731 OTHER ANCILLARY FEES 713910 565301 459278 106023 ATHLETICS 713910 164893 164893 3835925 3082903 5177410 -2094507 -1518803 -575704 2447135 2211099 -469681 0 242298 1057599 27600 43657 116102 2936 22320 48388 16230 54765 70639 74535 24826 101307 40753 OTHER 222659 REPAIRS AND MAINTENANCE 148293 COST OF MERCHANDISE 9494 2324401 1783826 1670729 470923 470303 125624 141644 87052 96737 17582440 14939199 2873647 2643241 562953 467664 5904025 5490318 462925 468652 90433 90182 2499515 2758604 705717 562953 467664 4321543 3785102 X 1582482 1705216 1582482 1705216 5904025 5490318 122734 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 268629 268629 9146912 7608306 1538606 8103059 7330893 772166 63840 63840 2643241 EMPLOYEE BENEFIT FUND 194177 DEFERRED COMPENSATION FUND 273487 467664 DEFERRED COMPENSATION FUND 273487 EMPLOYEE BENEFIT FUND 194177 467664 X 7624545 5177410 5177410 2447135 0 2447135 7501811 5177410 5177410 2324401 0 2324401 PART X, LINE 2: THE CLUB IS TAX-EXEMPT UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE. THE CLUB FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ALSO FILES IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF FEBRUARY 28, 2023, THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO FEBRUARY 29, 2020. THE TAX RETURNS FOR THE YEARS ENDED FEBRUARY 29, 2020 THROUGH FEBRUARY 28, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND THE TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE CLUB BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES ALLOCABLE TO RESTAURANT AND BEVERAGE REVENUE 5,177,410. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES ALLOCABLE TO RESTAURANT AND BEVERAGE REVENUE 5,177,410. X 1 1 X X X X 0 0 0 JOHN M COREY GM/COO 181700 0 23790 0 0 0 10000 0 24953 0 240443 0 0 0 PART I, LINE 1A THE FOLLOWING POSITIONS RECEIVE PROFESSIONAL DEVELOPMENT ALLOWANCES ANNUALLY - THE GENERAL MANAGER/COO $10,000. THE EXECUTIVE CHEF $4,500 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS MEMBER OWNED. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING GOVERNORS ARE MEMBER ELECTED. FORM 990, PART VI, SECTION A, LINE 7B SOME DECISIONS MADE BY THE GOVERNING BOARD ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE AND REVIEWED FOR ACCURACY. THE FINDINGS ARE REPORTED TO THE BOARD AND THE RETURN IS THEN FILED UPON APPROVAL. THE BOARD IS PROVIDED THE OPPORTUNITY TO REVIEW THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED TO DISCLOSE TO THE BOARD OF GOVERNORS WHAT, IF ANY, CONFLICTS OF INTEREST HAVE ARISEN. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS COMPRISED OF THE EXECUTIVE COMMITTEE. THE COMMITTEE'S DUTIES ARE LIMITED TO MATTERS CONCERNING COMPENSATION OF THE GENERAL MANAGER/CHIEF OPERATING OFFICER. THE CLUB PRESIDENT PREPARES AN ANNUAL PERFORMANCE EVALUATION FOR THE GENERAL MANAGER/CHIEF OPERATING OFFICER. KEY FACTORS EVALUATED INCLUDE: BOARD SUPPORT/RELATIONS FINANCIAL MANAGEMENT MEMBER SERVICES LEADERSHIP COMMUNICATION HUMAN RESOURCE MANAGEMENT FACILITY MANAGEMENT THE GENERAL MANAGER/CHIEF OPERATING OFFICER IS ELIGIBLE TO RECEIVE A BONUS TO BE PAID ANNUALLY ON JUNE 1 IN ADDITION TO HIS OR HER BASE COMPENSATION. THE ACCOMPLISHMENT OF MUTUALLY ACCEPTABLE PRE-ESTABLISHED MANAGEMENT OBJECTIVES WILL SERVE AS THE BASIS FOR ANY BONUS. THESE OBJECTIVES WILL INCLUDE BOTH QUANTITATIVE AND QUALITATIVE ASSESSMENTS. UPON COMPLETION OF THE ANNUAL PERFORMANCE EVALUATION, THE CLUB'S PRESIDENT WILL PRESENT TO THE COMMITTEE FOR ITS REVIEW AND ENDORSEMENT, HIS OR HER RECOMMENDATION REGARDING SALARY, BONUS OR BENEFIT CHANGES. WHEN CONSIDERING ANY POTENTIAL SALARY INCREASE, THE COMMITTEE WILL TAKE INTO CONSIDERATION BOTH JOB PERFORMANCE AS DOCUMENTED IN THE ANNUAL PERFORMANCE EVALUATION AS WELL AS SALARY COMPARABILITY DATA FOR PRIVATE CLUB MANAGERS. ONCE THE COMMITTEE HAS REVIEWED THE PERFORMANCE EVALUATION AND REACHED AGREEMENT AS TO A BONUS PAYMENT AND ANY SALARY ADJUSTMENT, THE CLUB PRESIDENT AND TREASURER WILL MEET WITH THE GENERAL MANAGER/CHIEF OPERATING OFFICER TO PRESENT THE EVALUATION AND DISCUSS ANY BONUS PAYMENT AND SALARY OR BENEFIT ADJUSTMENTS. SO LONG AS THE COMMITTEE'S RECOMMENDATIONS FOR THE GENERAL MANAGER/CHIEF OPERATING OFFICER'S BONUS, SALARY AND BENEFITS DO NOT CAUSE THE AMOUNT FOR TOTAL EMPLOYEE COMPENSATION TO EXCEED THAT AMOUNT ESTABLISHED IN THE CURRENT FISCAL YEAR'S APPROVED BUDGET, THE RECOMMENDATIONS OF THE COMMITTEE SHALL BE DEEMED APPROVED BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST DURING THE CLUB'S NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.