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Category: Club Director

2020 Election Outlook

With just a few months before the election on Nov. 3, 2020 President Trump finds himself in familiar territory as the underdog in the race. While national polls can shed some light on popular opinion around the country at a given moment in time, our

Part 2: How to Improve Member Loyalty at Your Club

Member loyalty is arguably the most important part of club leadership. Loyal members means a full roster and that makes your job easier. A full roster means higher dues revenue. More capital projects get funded and maintenance bills are no longer such a concern. You do not

Millennials: What now? What next?

MILLENNIALS ARE INDIVIDUALS born between 1981 and 1996; there are approximately 83.5 million people in this group, according to the U.S. Census. Much attention has been given to this emerging market for today’s private clubs. In fact, millennials are the future of most private clubs.

Initiation Fees and Revenue Recognition

Membership in a club is comprised of a series of separate and distinct transactions between the club and the member during the time the individual is a member. These transactions include initiation fees, annual dues, assessments and charges for usage. The Financial Accounting Standards Board

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