2025-11-13T14:05:04-06:00 2024-12-31 540737372 PBMARES LLP 4114 LEGATO ROAD 5TH FLOOR FAIRFAX VA 22033 990 2024-01-01 560506447 CHARLOTTE CITY CLUB INC CHAR 7043344738 121 W TRADE STREET SUITE 3100 CHARLOTTE NC 28202 JEFF O'KEEFE PRESIDENT 7043344738 2025-11-11 1 1 EDWARD T YODER CPA P00239134 7035915200 2025-11-11 X 2024 2025-03-06 01:10:19Z JEFF O'KEEFE 121 W TRADE STREET SUITE 3100 CHARLOTTE NC 28202 5580941 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. 11 11 62 42 2113735 1507018 0 0 2631740 2116921 482256 1573012 741827 1111115 3855823 4801048 0 0 0 0 2368387 2520734 0 0 0 2118463 2367073 4486850 4887807 -631027 -86759 16346429 13763396 9417151 8605333 6929278 5158063 CHARLOTTE CITY CLUB IS AN UNPARALLELED 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 1 1 1 0 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 0 0 62 1 1 1 0 0 0 1 1 119200 676051 0 0 0 X 11 11 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 BEN MILLER PRESIDENT 5.00 X X 0 0 0 SHARAI LAVOIE TREASURER 5.00 X X 0 0 0 MIKE WILSON SECRETARY 5.00 X X 0 0 0 JEFF O'KEEFE 1ST VP - PRES ELECT 5.00 X 0 0 0 LYNNE TATUM LITTLE GOVERNOR 1.00 X 0 0 0 MARK MEAD GOVERNOR 1.00 X 0 0 0 MARSHALL MONROE GOVERNOR 1.00 X 0 0 0 JOHN MARSHALL GOVERNOR 1.00 X 0 0 0 MASON ALEXANDER GOVERNOR 1.00 X 0 0 0 CRAING DANFORTH GOVERNOR 1.00 X 0 0 0 JIM MANNIX GOVERNOR 1.00 X 0 0 0 BRETT CURLEY GENERAL MANAGER/COO 40.00 X 280121 0 1091 MICHAEL GARDNER EXECUTIVE CHEF 40.00 X 132075 0 12291 SARAH SMITH DIRECTOR OF PEOPLE OPS 40.00 X 131700 0 0 BETHANY FIELD CONTROLLER 40.00 X 132127 0 5224 676023 0 18606 4 0 1 0 TRADE STREET RISK LLC CO NEIP 1010 WASHINGTON BLVD SUITE 701 STAMFORD CT 06901 RENT & UTILITIES 637597 US FOODS PO BOX 602292 CHARLOTTE NC 282602292 FOOD PURCHASES 182499 AETNA PO BOX 775392 CHICAGO IL 606775392 HEALTH INSURANCE 165040 PREFERRED PARKING 128 SOUTH TRYON ST SUITE 1560 CHARLOTTE NC 28202 PARKING/GARAGE 122966 INTERNATIONAL GOURMET FOODS 7520-D FULLERTON RD SPRINGFIELD VA 22153 FOOD PURCHASES 107526 5 MEMBERSHIP DUES 713990 2116921 2116921 2116921 164370 164370 1408642 0 1408642 1408642 1408642 1821334 779893 1041441 500718 540723 MISC. REVENUE-RELATED-990 713990 69674 69674 69674 4801048 2687313 2113735 0 2083794 81212 199590 156138 155711 63026 228245 84986 666427 717 67621 609182 50493 REPAIRS & MAINTENANCE 244100 CLEANING & LAUNDRY 50992 MARKETING 36375 ENTERTAINMENT & MUSIC 35340 73858 4887807 123368 152782 302924 1504 359052 354168 99316 106233 39169 38272 8725902 3664692 5649801 5061210 4625936 3429402 5146863 4619825 16346429 13763396 471834 458736 239134 182228 2454476 2169978 6251707 5794391 9417151 8605333 X 6929278 5158063 6929278 5158063 16346429 13763396 -86759 -1320965 -363491 0 X 0 0 0 5785644 2134007 3651637 2940258 1530685 1409573 5061210 RIGHT OF USE ASSETS 4619825 4619825 256722 LEASE LIABILITY 5537669 5794391 X 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 0 0 0 BRETT CURLEY GENERAL MANAGER/COO 279999 0 0 0 122 0 0 0 1091 0 281212 0 0 0 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 PURCHASE 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 DIFFERENT 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.