2017-11-07T11:51:10-06:00 2016-12-31 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2016-01-01 560506447 CHARLOTTE CITY CLUB INC CHAR 7043344738 121 WEST TRADE STREET SUITE 3100 CHARLOTTE NC 28202 GEORGE ROHE TREASURER 7043344738 2017-11-07 1 TAMELA L GAINEY P00437957 3362724551 108.171.131.188 2017-11-07 12:50:58 ES P 649BA7A2613644E4C9EDD3B68E14EF9D121B7C54 78AD83B5FA2E7A3067856A1228F0D44D7CAB4093 2016 2018-03-14 21:41:22Z JOHN SCHARER 121 WEST TRADE STREET SUITE 3100 CHARLOTTE NC 28202 6231490 0 X WWW.CHARLOTTECITYCLUB.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. 15 15 82 65 351938 122379 0 0 1669131 1732633 601642 201836 867220 937298 3137993 2871767 1377 2013 0 0 1215076 1272341 0 0 0 1489743 1384079 2706196 2658433 431797 213334 12504049 12845875 750599 626436 11753450 12219439 THE CHARLOTTE CITY CLUB WILL BE THE "VENUE OF CHOICE" FOR OUR MEMBERS' BUSINESS AND SOCIAL ENTERTAINING NEEDS BY PROVIDING SUPERB FOOD, PERSONALIZED SERVICE, MEMORABLE EXPERIENCES AND FELLOWSHIP IN A DISTINCTIVE PRIVATE CLUB ATMOSPHERE. 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 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 1 0 0 1 28 0 1 82 1 1 1 0 0 0 0 229658 789091 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X DEBORAH MULLINS 7043343200 121 WEST TRADE STREET SUITE 3100 CHARLOTTE NC 28202 X LYNNE LITTLE PRESIDENT 1.00 X X 0 0 0 GEORGE ROHE TREASURER 1.00 X X 0 0 0 DAVE PERKINS SECRETARY 1.00 X X 0 0 0 MIKE HAWLEY 1ST VP-PRES ELECT 0.30 X X 0 0 0 JOHN SNYDER VICE PRESIDENT 0.30 X X 0 0 0 MASON ALEXANDER EX-OFFICIO 0.30 X X 0 0 0 BRIAN COFFEY RETIRED 2/2016 0.30 X X 0 0 0 MARK ERWIN GOVERNOR 0.30 X 0 0 0 MATT FERGUSON GOVERNOR 0.30 X 0 0 0 JOHN SHELL GOVERNOR 0.30 X 0 0 0 GREG JAMES GOVERNOR 0.30 X 0 0 0 CHARLES HORTON GOVERNOR 0.30 X 0 0 0 FRED HILL GOVERNOR 0.30 X X 0 0 0 CHARLES GREER GOVERNOR 0.30 X 0 0 0 MICHELLE MENARD GOVERNOR 0.30 X 0 0 0 MARTIN WHITE GOVERNOR 0.30 X 0 0 0 JOHN C SCHARER GENERAL MANAGER 40.00 X 392738 0 48493 DEBORAH J MULLINS CONTROLLER 40.00 X 113460 0 22445 DANA C LOWNEY EXECUTIVE CHEF 40.00 X 131755 0 38991 NATHAN HOFFMAN DIRECTOR OF PRIVATE EVENTS 40.00 X 117034 0 21908 754987 0 131837 4 0 1 0 TDC GREEN TRADE & TRYON LLC PO BOX 603048 CHARLOTTE NC 28260 RENT & UTILITIES 393670 1 MEMBERSHIP FEES 722100 1257854 1257854 ROOM RENTALS 721000 245121 245121 INITIATION FEES 722100 229658 229658 1732633 251567 140394 111173 1403704 2450 1452592 3293 -48888 -843 -49731 -48888 -843 2841136 1903838 937298 676866 260432 2871767 2409499 351938 110330 2013 577137 386982 80582 176069 51571 38161 48219 37772 52130 22974 445934 13061 11722 454323 33696 REPAIRS & MAINTENANCE 69474 INCOME TAX EXPENSE 42299 114314 2658433 712913 464118 886654 599477 220465 288435 57276 66610 95766 116665 6745496 5044870 2042591 1700626 8443854 9422469 44530 187475 12504049 12845875 468037 457777 207062 168659 75500 0 750599 626436 X 11753450 12219439 11753450 12219439 12504049 12845875 213334 252655 0 X X 0 1 X 1 0 4433931 3215947 1217984 2311565 1828923 482642 1700626 X 5017883 252655 252655 4765228 11220 -1904681 -1893461 2871767 4551894 1904681 1904681 2647213 11220 11220 2658433 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS GRANTED THE CLUB AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE TAX REFORM ACT OF 1969 IMPOSED A CORPORATE INCOME TAX ON THE "UNRELATED BUSINESS TAXABLE INCOME" OF AN OTHERWISE TAX-EXEMPT CLUB. PROVISION FOR APPLICABLE FEDERAL AND STATE INCOME TAXES IS MADE IN ACCORDANCE WITH THESE STATUTES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS SHOWN WITH MISC. EXPENSE ON FINANCIAL STATEMENT -843. COST OF GOODS SOLD SHOWN WITH EXPENSES ON FINANCIAL STATEMENTS -1,903,838. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN WITH EXPENSES ON FINANCIAL STATEMENTS 1,903,838. LOSS ON SALE OF FIXED ASSETS SHOWN WITH MISC. EXPENSE ON FINANCIAL STATEMENT 843. 1 X X X X X 0 1 0 JOHN C SCHARER GENERAL MANAGER 213852 0 177007 0 1879 0 23850 0 24643 0 441231 0 0 0 DANA C LOWNEY EXECUTIVE CHEF 93613 0 36774 0 1368 0 11946 0 27045 0 170746 0 0 0 PART I, LINE 4B JOHN C SCHARER (GENERAL MANAGER) IS A PARTICIPANT IN A 457(F)DEFERRED COMPENSATION PLAN WHICH CHARLOTTE CITY CLUB CONTRIBUTES TO ANNUALLY. DURING 2016 AN ANNAUL CONTRIBTION OF $36,000. WAS CONTRIBUTED. FORM 990, PART 1, LINE 6, TOTAL NUMBER OF VOLUNTEERS THE ESTIMATE FOR THE NUMBER OF VOLUNTEERS IS BASED ON THE NUMBER OF COMMITTEES THE CLUB HAS. THE ONLY BENEFIT VOLUNTEERS RECEIVE IS SOME COMMITTEES MEET OVER A COMPLIMENTARY MEAL. 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 THE NOMINATING COMMITTEE PREPARES A LIST OF CANDIDATES, FROM WHICH THE MEMBERS ELECT THE BOARD OF GOVERNORS. THE BOARD OF GOVERNORS HAVE THE RIGHT TO APPOINT MEMBERS BETWEEN ELECTIONS IN THE EVENT OF A VACANCY. MEMBERS MAY ALSO WRITE IN CANDIDATES FOR ELECTION TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER, CONTROLLER AND TREASURER WILL REVIEW THE FORMS 990 AND 990-T. A COPY OF A DRAFT SHALL BE PROVIDED TO THE FINANCE COMMITTEE AS WELL. ONCE ALL REVISIONS ARE COMPLETE, THE TREASURER WILL SIGN THE FORMS AND THE FORMS WILL BE FILED. COPIES WILL BE MADE AVAILABLE TO THE BOARD OF GOVERNORS PRIOR TO FILING WITH THE IRS AND THE STATE OF NORTH CAROLINA. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE FINANCE COMMITTEE REVIEWS THE CONFLICT OF INTEREST POLICY. 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 MEETS ANNUALLY WITH THE GENERAL MANAGER TO CONDUCT A PERFORMANCE REVIEW AND ESTABLISH AN EXECUTIVE COMPENSATION PACKAGE FOR THE NEXT TWELVE MONTHS. AS PART OF THE COMPENSATION REVIEW, A STUDY IS DONE OF COMPARABLE CITY CLUBS AND TOP EXECUTIVE COMPENSATION. MINUTES OF THIS MEETING, ALONG WITH A FORMAL WRITTEN AGREEMENT, ARE SUBMITTED TO THE CONTROLLER FOR RECORD KEEPING PURPOSES. THE GENERAL MANAGER'S PERFORMANCE IS REVIEWED BY THE EXECUTIVE COMMITTEE AS OUTLINED IN THE CLUB'S BY-LAWS. THE EXECUTIVE COMMITTEE IS MADE UP OF ALL THE OFFICERS OF THE CLUB AND THE CHAIR OF THE HOUSE COMMITTEE. THE GENERAL MANAGER IS THE ONLY KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, CLUB DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR REVIEW. FORM 990, PART VII, SECTION A, COLUMN F: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 2C, FINANCE COMMITTEE THE FINANCE COMMITTEE'S PROCESS OF AUDIT EVALUATION HAS NOT CHANGED FROM THE PRIOR YEAR. CHARLOTTE CITY CLUB FOUNDATION INC 121 WEST TRADE STREET SUITE 3100 CHARLOTTE NC 28202 453816272 PUBLIC CHARITABLE ORGANIZATION NC 501(C)(3) LINE 7 CHARLOTTE CITY CLUB INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0