The Internal Revenue Service (IRS) recently provided clubs with insight to the IRS’s analysis regarding whether an activity is the active conduct of business not traditionally carried by tax-exempt clubs. A club must be vigilant regarding the identification of nontraditional business activities because such activities do not
Private status matters! In the latest “Club Industry Brief,” we looked at the The Wing, a club network catered to women, which has seen growing tension in its membership stemming from men using the club. While the club’s mission focuses on females, The Wing was
The Internal Revenue Service (IRS) put the private club industry on notice this month when it delivered letters, unannounced, to 501(c)(7) private clubs encouraging them to monitor their gross receipts from nonmember sources and to notify them that the agency will increase its enforcement of
You already have zero privacy. Get over it. -Scott McNealy, CEO of Sun Microsystems Inc. It is amazing this quote was said in 1999, 20 years ago and before social media impacted every aspect of our life. Today, Sun Microsystem no longer exists except as
The food and alcohol delivery and to-go industries are booming and ever-changing to meet the desires of consumers. As a result, clubs are working overtime to keep up with these trends by offering ready-to-consume food and alcohol to-go or delivered right to members’ homes. However,
Private clubs share certain common bonds. Each is a platform for socialization; people choose each medium to connect with those who share similar interests and activities. Social media is extremely relevant to Generation X and millennials because it is where they meet and interact with
FOR YEARS, the National Club Association (NCA) has been educating club leaders about the importance of maintaining a club’s private status. As truly private facilities, clubs are exempt from federal laws that every other business must comply with and are able to establish their own
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
Many new directors come from business backgrounds where they are continually challenged to increase sales and profit. They naturally think that this is one of the roles they are going to play on the club board. As they start out, they want to share their