Shoreacres FY2024 filing

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Operation of an eighteen hole golf course, restaurant and other recreational facilities for the enjoyment and social benefit of the club's membership.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $79K a year · 1% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.3M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
-21% vs prior year
Spent
$7.0M
To programs
0%
Net assets
$11.1M
By yearFY2020–FY2025
Revenue
$6.4M
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$4.8M
FY2022$4.9M
FY2023$8.1M
FY2024$6.4M
FY2025$6.4M
Expenses
$7.0M
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.7M
FY2021$5.4M
FY2022$5.4M
FY2023$5.9M
FY2024$7.0M
FY2025$7.0M
Net assets
$11.1M
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.6M
FY2021$10.0M
FY2022$9.5M
FY2023$11.7M
FY2024$11.1M
FY2025$10.5M

From the FY2024 Form 990 (year ending October 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1939.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

24 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Grounds Superintendent
$274,271Pt VII · Sec A
Clubhouse Manager
$258,001Pt VII · Sec A
Head Golf Pro
$239,750Pt VII · Sec A
Controller
$158,537Pt VII · Sec A
Executive Chef
$155,564Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Peter McDonald——$236,284$277,765$277,223$251,857
Ryan Carroll—$239,750$276,614———
Aaron McCurdy$207,271$274,271—$183,617——
Michael Drury$267,536$258,001$196,354$189,607$200,245$173,309
Arron McCurdy——$185,655———
Dieter Wiedmayer$169,907—————
Cynthia Graf$157,923$158,537$141,583$137,899$161,473$117,847
Josuelt Rodriguez$160,107$155,564————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates a golf course, restaurant, and recreational facilities for members' enjoyment and social benefit.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

A private club providing golf, other sports, recreation and dining facilities to its members.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$6.0M
Other incomeLn 4–11$323K
Investment incomeLn 3$42K
Money outPt IX
$7.0M
Ln 25
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$655K
Total assetsLn 16$16.4M
LiabilitiesLn 26$5.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A5
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$42K
Other incomeLn 4–11$323K
Gains on assetsLn 7$12K
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$655K
SavingsLn 2$0
Cash and savings togetherLn 1–2$655K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$13.4M
Other assetsLn 15$217K
Total assetsLn 16$16.4M
LiabilitiesLn 26$5.3M
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 571
VolunteersI 612
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.8M$655K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$12.0M$13.4M
Total assetsLn 16$16.4M$16.4M
LiabilitiesLn 26$4.7M$5.3M
Net assetsLn 32$11.7M$11.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$774K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.8M
Pension plan contributionsLn 8$138K
Other employee benefitsLn 9$258K
Payroll taxesLn 10$224K
Management feesLn 11a$0
Legal feesLn 11b$35K
Accounting feesLn 11c$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$192K
Advertising and promotionLn 12$0
Office expensesLn 13$34K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$184K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$81K
InterestLn 20$105K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.1M
InsuranceLn 23$149K
Other expenses (24a–d)Ln 24$1.5M
All other expensesLn 24e$416K
Total functional expensesLn 25$7.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.4M$7.0M−$604K$10.5M 990 PDF
FY2024 Viewing $6.4M$7.0M−$585K$11.1M 990 PDF
FY2023 $8.1M$5.9M$2.2M$11.7M 990 PDF
FY2022 $4.9M$5.4M−$463K$9.5M 990 PDF
FY2021 $4.8M$5.4M−$572K$10.0M 990 PDF
FY2020 $4.3M$4.7M−$450K$10.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $6,402,964 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $8,148,790$6,037,933
I-10 Investment incomePrior year $13,750$42,157
I-11 Other revenuePrior year −$26,552$322,874
I-12 Total revenuePrior year $8,135,988$6,402,964
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,004,651$3,188,129
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,932,018$3,799,439
I-18 Total expensesPrior year $5,936,669$6,987,568
I-19 Revenue less expensesPrior year $2,199,319−$584,604
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,402,964 across 8 lines filed
Lines not itemized here account for $322,874 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,614,608 · Unrelated business $423,325$6,037,933
VIII-3 Investment incomeUnrelated business $29,704$29,704
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $12,453$12,453
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,923,991 · Unrelated business $478,973$6,402,964
Part IX · Statement of functional expenses $6,987,568 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$773,756
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$1,794,191
IX-8 Pension plan contributions$138,239
IX-9 Other employee benefits$257,610
IX-10 Payroll taxes$224,333
IX-11a Management fees$0
IX-11b Legal fees$34,588
IX-11c Accounting fees$17,775
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$191,598
IX-12 Advertising and promotion$0
IX-13 Office expenses$34,387
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$184,425
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$81,218
IX-20 Interest$104,568
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$1,061,496
IX-23 Insurance$148,711
IX-24 Other expenses (24a–d)$1,524,767
IX-24e All other expenses$415,906
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$6,987,568
Part X · Balance sheet $16,401,358 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,771,521$655,249
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,560,972$1,563,811
X-8 Inventories for sale or useStart of year $613,096$337,999
X-9 Prepaid expenses and deferred chargesStart of year $238,716$187,531
X-10c Land, buildings and equipment, netStart of year $11,995,990$13,439,526
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $217,242$217,242
X-16 Total assetsStart of year $16,397,537$16,401,358
X-17 Accounts payable and accrued expensesStart of year $628,132$721,495
X-19 Deferred revenueStart of year $1,065,019$1,110,715
X-25 Other liabilitiesStart of year $594,062$443,428
X-26 Total liabilitiesStart of year $4,672,213$5,260,638
X-27 Net assets without donor restrictionsStart of year $11,725,324$11,140,720
X-32 Total net assets or fund balancesStart of year $11,725,324$11,140,720
X-33 Total liabilities and net assetsStart of year $16,397,537$16,401,358
Part XI · Reconciliation of net assets $11,140,720 net assets at year end
XI-1 Total revenue$6,402,964
XI-2 Total expenses$6,987,568
XI-3 Revenue less expenses−$584,604
XI-4 Net assets at start of year$11,725,324
XI-10 Net assets at end of year$11,140,720

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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