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Private Clubs

At Benedict Audit & Tax Group, we specialize in providing services to Private Clubs. By working with a majority of Private Clubs in the Baltimore Metro Area over the last 17 years, we have developed a more in-depth understanding of the Private Club industry and have developed expertise in topics unique to the Private Club industry. As a result, we are able to offer a wide array of benefits and helpful resources to management as well as the Board members of Private Clubs.

Some of the services and benefits that we offer include, but are certainly not limited to, the following:

  • Financial statement audits and reviews
  • Financial statement compilations
  • Preparation of Federal Forms 990 & 990T for 501(c)(7) Clubs
  • Preparation of Federal Forms 1120 for for-profit Clubs
  • Preparation of Federal Form 1065 for related real estate entities
  • Preparation of state Personal Property Tax returns
  • Preparation of other state returns as required
  • Preparation of Federal Form 4136, Fuel Tax Credit
  • Preparation of Federal forms 1096 & 1099
  • Assistance with Federal tax exempt status
  • Agreed upon procedures for inventory and other key areas
  • Local and national statistical analysis
  • Land sale consultation
  • Internal control evaluation and recommendations
  • Assistance with maintaining fixed asset and depreciation records
  • Analysis of unrelated and nontraditional income
  • Partner attendance and consultation at Board meetings
  • Active member in Private Club specific organizations
  • Ability to offer discounts on certain professional resources
  • Wide network of professional resources
  • Knowledge of federal, state and local taxes that effect Private Clubs
  • Consistency in engagement staffing


Helpful Links for Private Club Stakeholders:

Club Tax Book

Club Benchmarking

Hospitality Financial & Technology Professionals (HFTP)

Greater Baltimore Club Managers Association (GBCMA)

IRS Non-Profit Information