We are entering a period of profound change in the United States. Demographic, lifestyle and economic factors are swirling in varied directions. The population is aging; the types of activities—social and recreational—that pique our interests are changing; and a smaller middle class is the barbell
Q. What does it take to be a “well-governed” club in the eyes of the IRS? A: Tax-exempt clubs that file Form 990 (Federal Return of Organization Exempt from Income Tax) annually with the Internal Revenue Service (IRS) Part VI, Section B questions 12, 13 and 14
This summer, the members of Merion Golf Club gathered to celebrate the grand opening of the Hugh Wilson Pavilion, our newest space. A large, light-filled room, with a soaring ceiling and expansive views of the East Course, the pavilion appears as a natural extension of
Q. What does it take to be a “well-governed” club in the eyes of the IRS? A: Tax-exempt clubs that file Form 990 (Federal Return of Organization Exempt from Income Tax) annually with the Internal Revenue Service (IRS) Part VI, Section B questions 12, 13 and 14
For decades, luxury club practices have been built on offering elite lifestyle experiences for a demographic of affluent communities and club members. However, with today’s new generation of members seeking advanced ways to improve the quality of their overall health and lifestyle, there is a
Capital project funding is an ongoing reality for private clubs and it is virtually guaranteed to foster discussion and debate among the various “communities of interest” within a club’s membership. Usually, club members take a conservative approach to deploying those funds and focus habitually on
Private clubs are capital-intensive facilities, in terms of both operations and physical improvements.Buildings, grounds and outdoor facilities generally have a fixed life span and require continuous attention. Maintaining and improving a club’s facilities can involve some of the most expensive, and difficult decisions a club
Renovations are a necessity to maintain a strong club. They provide new and improved amenities, invigorate current members and attract new ones. Although they can be complicated and large in scope, the right renovation will pay dividends down the road. Staying up to date on
Q: I always seem to be caught between budgeting Capital Expenditure (CAPEX) funds for a possible emergency and losing any excess funds at the end of the year. How can I spend my CAPEX dollars more wisely? A: Every year, the same thing happens. Club executives
Cyber-related data breach incidents increased in both frequency and severity in 2013. In fact, more than 13 million Americans were victims of identity fraud last year according to the various research reports. Both corporate and personal information stored electronically in a company’s network offer tremendous