This session will examine the rules governing 501(c)(7) private clubs and the practical tradeoffs club leaders face when balancing non-member revenue, exempt status and the member experience. Drawing on more than 35 years of experience, relevant case law and benchmarking data from approximately 400 private clubs across the U.S., Condon O'Meara McGinty & Donnelly LLP (COMD LLP) partners Alexander Lazzaruolo, CPA, Esq., and Chris Murphy, CPA, will provide practical perspectives on how successful clubs navigate the balance between preserving exempt status and delivering the member experience that defines a private club. The session will highlight common operational and strategic mistakes, share industry best practices and discuss practical approaches to protecting exempt status while maintaining a financially healthy and sustainable club.
Presented by:
Alexander Lazzaruolo, CPA, Esq., Tax Partner, Condon O'Meara McGinty & Donnelly LLP
Chris Murphy, CPA, Audit Partner, Condon O'Meara McGinty & Donnelly LLP
This webcast is free for current NCA Member Clubs’ Staff and Board of Directors and $99 for non-NCA Members. NCA Members must be logged in to nationalclub.org to register at no cost.