2015-04-21T12:48:13-05:00 2014-12-31 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2014-01-01 940362320 CALIFORNIA TENNIS CLUB CALI 4153463611 1770 SCOTT STREET SAN FRANCISCO CA 94115 TIM ODENWELLER GENERAL MANAGER 4153463611 2015-03-16 1 MIKE MINGRAM P00351216 4155436900 2014 2016-02-25 16:41:14Z TIM ODENWELLER 1770 SCOTT STREET SAN FRANCISCO CA 94115 3070218 0 X WWW.CALCLUBTENNIS.COM X 1884 CA TO PROMOTE THE GAME OF TENNIS AND RELATED SOCIAL ACTIVITIES. 9 9 32 0 10592 8744 0 0 2376394 2543302 0 0 213812 224264 2590206 2767566 0 0 0 0 1364121 1453181 0 0 0 1186683 1261946 2550804 2715127 39402 52439 7423664 7178538 3203732 2906167 4219932 4272371 TO PROMOTE THE GAME OF TENNIS BY PROVIDING TENNIS AND SOCIAL FACILITIES PRINCIPALLY FOR ITS MEMBERS. 0 0 TO PROMOTE THE GAME OF TENNIS BY PROVIDING TENNIS AND SOCIAL FACILITIES PRINCIPALLY FOR ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 23 0 1 32 1 1 1 0 0 0 0 318870 10592 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X TIM ODENWELLER 4153463611 1770 SCOTT STREET SAN FRANCISCO CA 94115 ALEEM CHOUDHRY PRESIDENT 1.00 X X 0 0 0 JULIE FELDSTEIN VICE PRESIDENT 1.00 X X 0 0 0 WILL LYON TREASURER 1.00 X X 0 0 0 STEPHANIE FREDERICKS SECRETARY 1.00 X X 0 0 0 MELINDA HENDERSON DIRECTOR 1.00 X 0 0 0 ANN ROBERTS DIRECTOR 1.00 X 0 0 0 VICKI MCNALLY DIRECTOR 1.00 X 0 0 0 STEWART BARRY DIRECTOR 1.00 X 0 0 0 ROB PENNER DIRECTOR 1.00 X 0 0 0 ANDREW WERNER DIRECTOR 1.00 X 0 0 0 TIM ODENWELLER GENERAL MANAGER 40.00 X 179251 0 18192 STEVE JACKSON TENNIS DIRECTOR 40.00 X 171816 0 18014 351067 0 36206 2 0 1 0 SYSCO PO BOX 5019 FREMONT CA 94537 FOOD SERVICE SUPPLIES 114779 1 MEMBERSHIP DUES AND AS 713910 2299162 2299162 TOURNAMENTS AND SPECIA 713910 125142 125142 GUEST AND LOCKER FEES 713910 118998 108406 10592 2543302 526916 302652 224264 224264 2767566 2756974 10592 0 194507 954092 33595 181474 89513 7360 28552 258193 91375 125013 96474 452405 34458 TAXES - UBTI 2160 MISCELLANEOUS 89351 TAXES AND LICENSES 42137 RENTALS AND LEASES 20123 14345 2715127 76178 52344 518812 662010 284751 266780 71070 84620 8277 5527 9931252 3844321 6441859 6086931 22717 20326 7423664 7178538 214937 155087 86021 92665 2902774 2658415 3203732 2906167 X 4219932 4272371 4219932 4272371 7423664 7178538 52439 0 X X 0 1 X 1 0 53497 53497 8972973 3006936 5966037 904782 837385 67397 6086931 X 3070218 302652 302652 2767566 0 2767566 2715127 0 2715127 0 2715127 PART X, LINE 2: THE CLUB IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE CLUB IS LIABLE FOR TAXES ON ITS NET UNRELATED BUSINESS TAXABLE INCOME AND INTEREST INCOME AT STANDARD CORPORATE RATES. THE CLUB HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN AND REQUIRES THE AFFIRMATIVE EVALUATION THAT IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS OF A TAX POSITION, THAT AN ENTERPRISE IS ENTITLED TO ECONOMIC BENEFITS RESULTING FROM TAX POSITIONS TAKEN IN INCOME TAX RETURNS. FOR TAX EXEMPT ENTITIES, FAVORABLE TAX STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. IF A TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO REQUIRES ORGANIZATIONS TO DISCLOSE ADDITIONAL QUANTITATIVE AND QUALITATIVE INFORMATION IN THEIR FINANCIAL STATEMENTS ABOUT UNCERTAIN TAX POSITIONS. THE CLUB'S EVALUATION ON DECEMBER 31, 2014 REVEALED NO POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2011 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE 2010 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD. THE CLUB DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 302,652. X X 0 0 0 TIM ODENWELLER GENERAL MANAGER 179251 0 0 0 0 0 5860 0 12332 0 197443 0 0 0 STEVE JACKSON TENNIS DIRECTOR 171816 0 0 0 0 0 6733 0 11281 0 189830 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A TENNIS CLUB WHICH HAS APPROXIMATELY 900 MEMBERS. THERE ARE VARIOUS CLASSIFICATIONS OF MEMBERS, WITH DIFFERENT RIGHTS AND PRIVILEGES AS SPECIFIED IN THE CLUB BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A "VOTING MEMBERS" AS DEFINED IN THE CLUB BY-LAWS, ELECT ALL BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B RESPONSIBILITY FOR THE MANAGEMENT OF AFFAIRS OF THE CLUB IS VESTED IN THE BOARD. HOWEVER, CERTAIN DECISIONS MUST HAVE APPROVAL OF THE VOTING MEMBERS, INCLUDING BUT NOT LIMITED TO : -SUBJECTING PROPERTY TO LIEN OR ENCUMBRANCE -CHANGING THE SURFACE OF A TENNIS COURT -ELIMINATING A CLUB FACILITY -INCREASING OR INITIATING INDEBTEDNESS -TRANSACTIONS IN REAL PROPERTY -MERGER OF THE CLUB -LIQUIDATION OF ASSETS -DISSOLUTION OF THE CLUB FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES OTHER THAN THE GOVERNING BOARD MAKE SUGGESTIONS OR PROPOSALS, THE BOARD ACTS UPON THEM. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD REVIEWS THE 990 DURING A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN CONFLICT OF INTEREST POLICY FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 AT THE END OF EACH CALENDAR YEAR, KEY EMPLOYEES RECEIVE EVALUATIONS AND ANY INCREASE IN SALARY BASED ON SUCCESSFUL COMPLETION OF ESTABLISHED GOALS AND OBJECTIVES. CONSIDERATION OF SALARIES IS COMPARED TO INDUSTRY AND LOCAL STANDARDS. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CLUB'S FACILITIES. FORM 990, PART XII, LINE 2C: PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE CLUB'S PROCESS FOR OVERSIGHT OF THE AUDIT.