News & Articles
Request Our Publications
COMD is a leader in organizing, compiling, and sharing business intelligence. Since our inception, we have shared the best practices and relevant data drawn from the nonprofit industry.
For Nonprofits
Request the highly-praised Annual Survey of Not-For-Profit Organizations in the Tri-State Area and TaxViews, our tax periodical geared towards the needs and interests of nonprofit organizations.
For Private Clubs
Request our three well-regarded publications designed for club managers. We offer the annual Statistical Study of Private Clubs and its benchmarking tools for management. We also offer The Little Club Book, which has become a classic resource, and TaxViews, a tax periodical for the private club community.
Please provide your information and check the publications you’d like to receive.
Social Clubs and Employee Retention A Breakdown of Definition and Rules
The insights social clubs need to know about the Employee Retention Credit (ERC). This refundable tax credit is designed to support businesses, including social clubs, in retaining their employees during the challenges posed by the COVID-19 pandemic. The brief...
What are some of the best practices for hiring club employees? Are background checks necessary?
By Daniel T Condon From a financial perspective, the cost of a bad hire can be considerable, from the amount of time and money spent on hiring the individual to the unnecessary disruption it can cause club operations. Putting in place the right steps to properly hire...
What are Good Governance Policies for Private, Tax-Exempt Clubs?
By Daniel T Condon The Internal Revenue Service 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...
What are some of the trends in financing capital expenditures?
By Daniel T. Condon In reviewing financing for proposed capital expenditure projects, clubs can consider the following alternatives: finance from operations, assess the membership, set aside all or a portion of initiation fees, borrow funds, sell property, combining...
What are some ways clubs can operate at maximum efficiency and cut down on their expenses?
By Daniel T Condon The single biggest expense at a club is payroll, consuming more than 50 percent of each operating income dollar spent. If a club cannot control its payroll and other related expenses, it will become extremely difficult to break even on the...
What does it take to be a “well governed” club in the eyes of the IRS?
By Daniel T Condon Clubs strive to be the best that they can be in providing services to their members. In this pursuit of perfection, club leadership is generally interested in not only what other well-run clubs do, but also in what would be described as “best...
How should a club structure financing of capital expenditures?
By Daniel T Condon How private clubs should structure financing for capital projects to ensure long-term financial health. Partner Daniel T. Condon emphasizes the importance of funding ongoing capital needs and large projects without threatening the club's financial...
How are clubs dealing with regulations governing annual contributions to pension plans combined with low interest rates?
By Daniel T Condon & Matthew P O’Dell Over the last decade, clubs that offer a traditional defined benefit plan have seen changes in both financial reporting standards as well as modification to pension laws governing the funding of such plans. Most notable...
What are the most common issues addressed in the management letter following a club audit? How should management respond?
By Daniel T Condon Club operations have garnered increased attention from club boards during the recent economic downtown. Pressure to cut costs inevitably results in internal controls suffering – specifically segregation of duties. Crucial to an...
How important are separation of duties and strong internal controls in a club environment that does not handle cash and runs on a limited budget?
By Daniel T Condon Daniel T. Condon, a founding partner at COMD with extensive experience in private membership clubs, discusses the importance of internal controls and separation of duties in a club environment, even if the club does not handle cash and operates on a...
News
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer quis risus nec lorem lobortis porta fringilla et mauris. Sed sem diam, gravida id velit in, interdum elementum neque. Nulla et tincidunt magna, sed condimentum lorem. Maecenas ac velit enim. Donec pharetra odio at est molestie ultrices.
Published Article
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer quis risus nec lorem lobortis porta fringilla et mauris. Sed sem diam, gravida id velit in, interdum elementum neque. Nulla et tincidunt magna, sed condimentum lorem. Maecenas ac velit enim. Donec pharetra odio at est molestie ultrices.
News
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer quis risus nec lorem lobortis porta fringilla et mauris. Sed sem diam, gravida id velit in, interdum elementum neque. Nulla et tincidunt magna, sed condimentum lorem. Maecenas ac velit enim. Donec pharetra odio at est molestie ultrices.