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Category: Newsletter

What are Good Governance Policies for Private, Tax-Exempt Clubs?

The Internal Revenue Service (IRS) is increasing its focus on good corporate governance for tax-exempt organizations, including tax-exempt social clubs. As of 2008, Part VI of Form 990 requests information regarding an organization’s governing body and management (Section A), policies (Section B) and disclosure (Section

Overtime Rule Sent to Court: What it Could Mean for Clubs

Two lawsuits have been filed against the Department of Labor’s (DOL’s) Overtime Exemption Rule, alleging that the rule is unconstitutional. The first lawsuit has been filed by 21 states, claiming that their state budgets and school boards cannot absorb the new rule’s higher minimum weekly

Labor and Financial Concerns for Golf: 2016 State of the Industry

Golf Course Industry magazine recently released its “2016 State of the Industry Report,” which includes golf superintendent surveys results that point to major trends in the game and its operations. Below are financial and labor findings from the report. Financial Golf facility profits regressed slightly in

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