CEDAR CREEK RACQUET CLUB INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CEDAR CREEK RACQUET CLUB INC (EIN 56-1711907)
- Tax period
- 2022-03-15 to 2022-12-31
- Filed
- 2023-08-29
- IRS object ID
- 202312419349301021
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-29T13:26:03-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561535659 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHEN L LUCAS CPA PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1357 | AddressLine1Txt |
| City | HIGHLANDS | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 287411357 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-03-15 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561711907 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CEDAR CREEK RACQUET CLUB INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CEDA | BusinessNameControlTxt |
| Phone | 8287439380 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1805 | AddressLine1Txt |
| City | CASHIERS | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28717 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TYLOR FIELD | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8281499380 | PhoneNum |
| Signature | 2023-08-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TAYLOR | PersonFirstNm |
| Person Last | FIELD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEPHEN L LUCAS | PreparerPersonNm |
| PTIN | P01049767 | PTIN |
| Phone | 8285262399 | PhoneNum |
| Preparation | 2023-08-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Principal Officer | TYLOR FIELD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 HAVEN RIDGE TRAIL | AddressLine1Txt |
| City | GLENVILLE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28736 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,908,350 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | CEDARCREEKCLUB.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1990 | FormationYr |
| Activity Or Mission | THE CLUB PROVIDES SOCIAL AND RECREATION ACTIVITIES FOR MEMBERS ONLY, INCLUDING CLUB HOUSE, FOOD AND BEVERAGES, TENNIS AND PICKLE BALL COURTS, SWIMMING AND OTHER SERVICES TO MEMBER. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 32 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $2,931,107 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | -$22,757 | CYOtherRevenueAmt |
| CY Total Revenue | $2,908,350 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| CY Other Expenses | $2,202,198 | CYOtherExpensesAmt |
| CY Total Expenses | $2,202,198 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $706,152 | CYRevenuesLessExpensesAmt |
| Total Assets EOY | $4,006,953 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $1,722,521 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances EOY | $2,284,432 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE CLUB PROVIDES SOCIAL AND RECREATION ACTIVITIES FOR MEMBERS ONLY, INCLUDING CLUB HOUSE, FOOD AND BEVERAGES, TENNIS AND PICKLE BALL COURTS, SWIMMING AND OTHER SERVICES TO MEMBER. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | THE CLUB PROVIDES SOCIAL AND RECREATION ACTIVITIES FOR MEMBERSONLY, INCLUDING CLUB HOUSE, FOOD AND BEVERAGES, TENNIS AND PICKLE BALLCOURTS, SWIMMING AND OTHER SERVICES TO MEMBER. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPRECIATION ACCOMPLISHMENT 1 | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 32 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Initiation Fees And Cap Contri | $312,504 | InitiationFeesAndCapContriAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELISSA GRANT | PersonNm |
| Phone | 8287439380 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 42 RACQUET CLUB DRIVE | AddressLine1Txt |
| Address Line2 | P O BOX 1805 | AddressLine2Txt |
| City | CASHIERS | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28717 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Key EmployeeKeyEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| TIM SHEPARDSON | |||||||
| CLUB MANAGER | 40.00 | Yes (X) | $165,000 | $0 | $0 | ||
| TOM BROWN | |||||||
| TREASURER | 2.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| SARAH CHAPIN | |||||||
| VICE PRESIDE | 2.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| TYLOR FIELD | |||||||
| PRESIDENT | 3.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| ROBERT FORTSON | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| SARAH LANE | |||||||
| SECRETARY | 2.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| GAYBIE PITTMAN | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| MARK QUICK | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| MIKE QUILLEN | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| JENNIFER WHITTLE | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $165,000 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DUES REVENUE | 713910 | $1,633,727 | $1,633,727 |
| F & B SERVICE REVENUE | 713910 | $800,550 | $800,550 |
| RENOVATION ASSESSMENT | 713910 | $196,660 | $196,660 |
| ATHLETICS REVENUE | 713910 | $130,457 | $130,457 |
| ASSESSMENT - CAPITAL PROJECTS | 713910 | $115,844 | $115,844 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,869 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,869 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,931,107 | TotalProgramServiceRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOSS ON DEEMED SALE | Desc |
| Total Revenue Column | -$22,757 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$22,757 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$22,757 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,908,350 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,908,350 | RelatedOrExemptFuncIncomeAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,072 | TotalAmt |
| Program Services | $161,072 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| ADMINISTRATIVE EXPENSE | $787,190 | $787,190 | |
| FOOD & BEVERAGE EXPENSE | $609,906 | $609,906 | |
| COST OF SALES FOOD | $259,643 | $259,643 | |
| ATHLETICS EXPENSE | $242,210 | $242,210 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,177 | TotalAmt |
| Program Services | $142,177 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,202,198 | TotalAmt |
| Program Services | $1,415,008 | ProgramServicesAmt |
| Management And General | $787,190 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,285,377 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $13,397 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $52,154 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,943,924 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,324,151 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,619,773 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $26,064 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $10,188 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,006,953 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $168,140 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,554,381 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,722,521 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,578,280 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $706,152 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,284,432 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,006,953 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $706,152 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,420,951 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $399,786 | OtherCostOrOtherBasisAmt |
| Book Value | $399,786 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,208,332 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,215,595 | DepreciationAmt |
| Book Value | $1,992,737 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,392,523 | TotalBookValueLandBuildingsAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIM SHEPARDSON | PersonNm |
| Title | CLUB MANAGER | TitleTxt |
| Base Compensation Filing Org | $165,000 | BaseCompensationFilingOrgAmt |
| Total Compensation Filing Org | $165,000 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | HISTORY OF CEDAR CREEK RACQUET CLUB, INC. CEDAR CREEK RACQUET CLUB, INC. WAS FORMED AUGUST 16, 1990, AS A MEMBERS ONLY SOCIAL CLUB. IT PROVIDES MEMBERS WITH A CLUBHOUSE, FOOD AND BEVERAGE, TENNIS AND PICKLE BALL COURTS, CROQUET COURT, SWIMMING, AND OTHER RELATED SERVICES. IT WAS A TAXABLE CORPORATION FILING FORM 1120 UNTIL MARCH 15, 2022. UNDER THE PROVISIONS OF IRC SECTION 277, MEMBERS EXPENSES WERE DEDUCTED TO THE EXTENT OF MEMBERS INCOME AND ANY EXCESS EXPENSE CARRIED FORWARD. NON-MEMBER INCOME LESS DIRECT EXPENSES WAS TAXABLE. THE CLUB HAS HAD LITTLE TO NO NON-MEMBER INCOME BECAUSE OF THE RESTRICTIONS ON MEMBERS USE ONLY. 2022 THE CLUB FILED FORM 1024 FOR RECOGNITION AS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(7). THIS WAS GRANTED EFFECTIVE MARCH 15, 2022 (SEE EXEMPTION LETTER ATTACHED). THE CLUB FILED A SHORT YEAR TAX RETURN FROM JANUARY 1, 2022 TO MARCH 14, 2022 AS A TAXABLE CLUB. IN THAT RETURN, IT RECOGNIZED A DEEMED SALE OF THE CLUB ASSETS UNDER IRC SECTION 337(D)(1) AND THE REGULATIONS THERE UNDER, BASED ON AN APPRAISAL BY A QUALIFIED APPRAISERS SPECIALIZING IN SOCIAL CLUBS. THIS RETURN ON FORM 990 THE INITIAL PERIOD AS A TAX-EXEMPT CLUB UNDER IRC SECTION 501(C)(7) AND IS FOR A SHORT YEAR OF MARCH 15, 2022 THROUGH DECEMBER 31, 2022. THE BEGINNING EQUITY REPORTED, CARRIED FROM THE BALANCE SHEET AT THE END OF THE SHORT PERIOD ENDED MARCH 14, 2022, FILED ON FORM 1120. THE PRIOR YEAR BALANCE SHEET ON THIS RETURN US BLANK AS THE SHORT YEAR ENDED DECEMBER 31, 2022, WAS THE FIRST YEAR AS A NONPROFIT. |
| FORM 990, PAGE 2, PART III, LINE 4D | DEPRECIATION ACCOMPLISHMENT 1 |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE CLUB HAS MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | ALL MEMBERS HAVE CERTAN VOTING RIGHTS AS DESCRIBED IN THE BY-LAWS |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THE TREASURER. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ANNUALLY REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE CONFLICT OF INTEREST POLICY WAS ADOPTED JULY OF 2023. |
| FORM 990, PAGE 6, PART VI, LINE 15A | TRY TO VERIFY THAT COMPENSATION IS COMPARABLE TO OTHER CLUBS AND ORGANIZATION |
| FORM 990, PAGE 6, PART VI, LINE 15B | TRY TO ESTABLISH COMPARABLE TO OTHER IS LIKE POSITION IN THE AREA. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST |
| FORM 990, PART VIII | WE SHOW A CONFLICT OF INTEREST POLICY. IT WAS ADOPTED IN JULY OF 2023. |
| FORM 990, PART XI, LINE 9 | BOOK / TAX DEPRECIATION DIFFERENCE 4,081 BEGINNING BALANCE 1,416,870 TOTAL 1,420,951 |
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