See forecasts for the private club industry and how hospitality leaders can navigate the challenge of the pandemic impact on revenue.
Learn what the 2024 economic forecast looks like for private clubs and how to remain relevant moving ahead.
Many private clubs experienced membership growth as a result of the pandemic. To maintain this level of club engagement for current and prospective members, clubs are recognizing the need to upgrade their facilities and create new amenities. Learn more about the pros and cons of various funding options and explore additional considerations for club managers to consider.
Private clubs stay profitable by running an efficient operation and staying on top of complex accounting responsibilities. Here are 10 tips to unlock your organization's potential.
Final IRS regulations will require most social clubs and tax-exempt organizations to rework their unrelated business taxable income worksheets to avoid using an outdated expense allocation method.
The application of sales and use tax to the activity of exempt organizations is complex and nuanced. State tax and exempt organizations specialists explain what you need to know.
There’s a lot of economic uncertainty at the moment. So, with the private club industry's overall health at its best in a while, how do clubs keep the momentum?
Investment Policy Statements dictate how a nonprofit’s investment program operates. How is performance measured? Learning how to benchmark and measure success and organize the investment committee helps to ensure investment committee members satisfy their fiduciary duties.
Every not-for-profit manages funds, but not every organization has an established and well-documented Investment Policy Statement. Learn how the investment committee can review the IPS and safeguard against unnecessary investment risk.
The use of an “Employee Hardship and Disaster Relief Fund Program” is one way to get money donated by members out to employees quickly and tax-free. This article explores the eligibility requirements clubs need to meet to ensure the funds can qualify as tax-exempt distributions,