2011-10-27T13:53:31-05:00 2011-03-31 RSM MCGLADREY INC 7200 GLEN FOREST DR STE 200 RICHMOND VA 23226 990 2010-04-01 530152390 THE SULGRAVE CLUB SULG 2024625800 1801 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 ROBERT K ST FRANCIS 2024625800 2011-10-21 1 8042822121 2010 2016-03-07 17:11:31Z ROBERT ST FRANCIS 1801 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 4320002 0 X WWW.SULGRAVECLUB.ORG X 1932 DC MEMBERSHIP ORGANIZATION FOR LITERARY, MUSICAL, ARTISTIC, AND PHILANTHROPIC PURPOSES. 18 18 94 18 424990 28984 323414 456250 2334641 2481150 48681 31084 813185 880232 3519921 3848716 0 0 0 0 2423854 2430453 0 0 0 946101 1166573 3369955 3597026 149966 251690 6873629 7320709 2067154 2204966 4806475 5115743 MEMBERSHIP ORGANIZATION FOR LITERARY, MUSICAL, ARTISTIC, AND PHILANTHROPIC PURPOSES, MUTUAL IMPROVEMENT, AND THE PROMOTION OF SOCIAL INTERACTION. 0 0 PROVIDE SOCIAL AND RECREATIONAL ATMOSPHERE FOR MEMBERS 0 1 0 0 0 1 0 1 1 1 0 0 1 0 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 0 1 10 0 94 1 1 1 0 0 0 1 1 205450 513191 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X MICHAEL GALLIGHER 2024626416 1801 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 MRS CHARLES B KING 2.00 X X 0 0 0 MRS RICHARD F SCHUBERT 2.00 X X 0 0 0 MRS PHILIP S DICKSON 2.00 X X 0 0 0 MRS ROBERT W DUEMLING 2.00 X X 0 0 0 MRS PATRICK J HOLLEY 2.00 X 0 0 0 MRS JOHN M MEENAN 2.00 X 0 0 0 MRS ALLAN B MOORE 2.00 X X 0 0 0 MRS DOUGLAS B RIXEY 2.00 X 0 0 0 MRS I TOWNSEND BURDEN III 2.00 X 0 0 0 MRS MARTIN R DUNETZ 2.00 X X 0 0 0 MRS OUTERBRIDGE HORSEY 2.00 X 0 0 0 MRS ROBIN D ROBERTS 2.00 X 0 0 0 MS PAMELA JENKINSON 2.00 X 0 0 0 MRS GLENN R REICHARDT 2.00 X 0 0 0 MRS YORKE ALLEN III 2.00 X 0 0 0 MRS CHARLES STUART INGERSOLL JR 2.00 X 0 0 0 MRS DONALD ARY O'KIEFFE 2.00 X 0 0 0 MRS C JACKSON RITCHIE JR 2.00 X 0 0 0 ROBERT ST FRANCIS 60.00 X 148667 0 31115 MICHAEL GALLIGHER 40.00 X 111577 0 8973 JAMES HUDOCK 60.00 X 126429 0 20285 386673 0 60373 3 0 1 0 CORBETT CONSTRUCTION 2810 DORR AVE FAIRFAX VA 22031 CONSTRUCTION CONTRACTOR 391442 THE GILL GROUP 2128 ESPEY COURT CROFTON MD 21114 EQUIPMENT CONTRACTOR 157747 ATLANTIC VALET PARKING 2131 K STREET NW 200 WASHINGTON DC 20037 PARKING SERVICES 124014 3 456250 456250 MEMBERSHIP DUES 713910 2044057 1990551 53506 INITIATION FEES 713910 205450 205450 GUEST ROOM RENTALS 713910 153673 30780 122893 VALET PARKING 713910 76504 76504 CLUB MERCHANDISE 713910 1466 1466 2481150 25619 25619 5465 5465 5465 5465 1330645 471286 859359 641852 217507 OTHER INCOME 713910 20873 20873 20873 3848716 2967476 424990 0 300332 1625051 55360 294610 155100 8552 29748 6678 221950 1009 237520 108804 SUPPLIES 114316 PARKING FEES 108301 REPAIRS AND MAINTENACE 85156 PRINTING 39102 ENTERTAINMENT 37923 167514 3597026 1500291 1221474 1135331 738504 723500 1237379 96465 89787 39951 62836 6267774 3083431 2719895 3184343 648317 756721 9879 29665 6873629 7320709 243455 284865 1762501 1861244 61198 58857 2067154 2204966 X 4748087 4987925 58388 127818 4806475 5115743 6873629 7320709 X 251690 57578 X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X EDUCATION 0 678156 65271 78674 822101 530863 31184 116109 678156 594060 41858 -105055 530863 1.00000 0 0 69259 69259 4520433 2061636 2458797 702252 414916 287336 975830 606879 368951 3184343 MUTUAL FUNDS 756721 F 756721 CAPITAL LEASE OBLIGATION 11092 DEPOSITS 18100 DEFERRED COMPENSATION 29665 58857 3848716 3597026 251690 57578 57578 309268 4377580 57578 57578 4320002 -471286 -471286 3848716 4068312 471286 471286 3597026 0 3597026 PART III, LINE 1A: THE CLUB HAS COLLECTIONS MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND THE ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUALLY. THE COLLECTIONS ARE SUBJECT TO A PRIVACY POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLECTIONS, WHICH ARE ACQUIRED THROUGH CONTRIBUTIONS SINCE THE CLUB'S INCEPTION, ARE NOT RECOGNIZED ON THE FINANCIAL STATEMENTS. PART III, LINE 4: THE SILVER AND OTHER ANTIQUES ARE DISPLAYED THROUGHOUT THE SULGRAVE CLUB FOR THE VIEWING PLEASURE OF ITS MEMBERS. PART XII, LINE 4B AND PART XIII, LINE 2D: COST OF GOODS SOLD RECORDED AS EXPENSE ON FINANCIAL STATEMENTS AND AS REVENUE ON FORM 990. PART X, FIN 48 FOOTNOTE: THE CLUB ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AS SET FORTH IN FASB ASC TOPIC 740, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CLUB MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSED DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THE CLUB HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT THE CLUB HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE CLUB IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR DISTRICT OF COLUMBIA TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED MARCH 31, 2008. X X X 0 1 0 ROBERT ST FRANCIS 148667 0 0 0 0 0 14752 0 16363 0 179782 0 0 0 PART I, LINE 4B ROBERT ST. FRANCIS - $10,000 JAMES HUDOCK - $5,000 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERSHIP: THERE ARE 8 CLASSES OF MEMBERSHIP: HONORARY, RESIDENT, JUNIOR RESIDENT, NON-RESIDENT, JUNIOR NON-RESIDENT, ASSOCIATE, SPECIAL GUEST AND INACTIVE. FORM 990, PART VI, SECTION A, LINE 7A CLASSES AND VOTING RIGHTS OF THE MEMBERS ALL RESIDENT AND JUNIOR MEMBERS IN GOOD STANDING SHALL CONSTITUTE THE VOTING MEMBERSHIP OF THE CLUB. THEY ELECT THE BOARD OF GOVERNORS. THE VOTING MEMBERSHIP ALSO APPROVES THE ADOPTION OR AMENDMENT OF BYLAWS AND OTHER REGULATIONS AND AMENDMENTS OF THE CONSTITUTION PROPOSED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE CLUB'S CHIEF OPERATING OFFICER AND THE CONTROLLER REVIEW ALL SIGNIFICANT TRANSACTIONS. BUSINESS TRANSACTIONS OF A SIGNIFICANT NATURE ARE THOROUGHLY REVIEWED WITH THE CLUB PRESIDENT AND THE EXECUTIVE VOLUNTARY LEADERSHIP OF THE CLUB. SHOULD ANY POTENTIAL TRANSACTION OCCUR THAT WOULD INVOLVE CONFLICT OF INTEREST, THE TRANSACTION WOULD BE DISCUSSED AMONG THE EXECUTIVE COMMITTEE OF THE CLUB AND APPROVED OR DISAPPROVED. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE CONTROLLER, CHIEF OPERATING OFFICER/GM, AND THE TREASURER PRIOR TO FILING. THE TREASURER ADVISES THE FINANCE COMMITTEE AND THE BOARD OF GOVERNORS THAT THE 990 HAS BEEN THOROUGHLY REVIEWED AND IS AVAILABLE IN THE CONTROLLER'S OFFICE FOR REVIEW AND/OR COPYING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND MANAGEMENT STAFF DISCUSS AND SIGN THE POLICY ANNUALLY.THE CLUB'S CHIEF OPERATING OFFICER AND THE CONTROLLER REVIEW ALL SIGNIFICANT TRANSACTIONS. BUSINESS TRANSACTIONS OF A SIGNIFICANT NATURE ARE THOROUGHLY REVIEWED WITH THE CLUB PRESIDENT AND THE EXECUTIVE VOLUNTARY LEADERSHIP OF THE CLUB. SHOULD ANY POTENTIAL TRANSACTION OCCUR THAT WOULD INVOLVE CONFLICT OF INTEREST, THE TRANSACTION WOULD BE DISCUSSED AMONG THE EXECUTIVE COMMITTEE OF THE CLUB AND APPROVED OR DISAPPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB PRESIDENT AND EXECUTIVE COMMITTEE REVIEW THE GM/COO CONTRACT ANNUALLY FOR COMPENSATION AND BENEFITS. THE CONTRACT, IF CHANGED, IS REVIEWED BY THE CLUB'S ATTORNEY. THE REVIEW OF UPPER MANAGEMENT STAFF IS CONDUCTED BY THE GM/COO AND ASSOCIATED COMPENSATION INCREASES ARE BASED UPON THE BUDGET OF THE CLUB AS WELL AS MERIT. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 57,578.