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ruth lake country club initiation fee

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30 Mar

ruth lake country club initiation fee

If a member buys property in Sherwood, then it becomes easier for them to get into this exclusive club with an initiation fee of only $200,000. Route 83 was a two lane highway until 1967 when it was widened and the 55th Street interchange was begun. The Country Club, Brookline One of the oldest country clubs in the United States, it has welcomed multiple U.S. The first thing that's striking at an all-male club, besides the high quality of the courses, is that few people are playing. The IRS Form 990 is an annual information return that most organizations claiming federal tax-exempt status must file yearly. Please dont delay this matter any longer. These fees are estimates based on the numbers we sourced online and will not be guaranteed to be accurate. According to reports, the plane swooped to earth fast at a steep angle. It is a limited market. The buildings were white clapboard, trimmed with green; the initiation fee to join as a social member was reported to be $400. The owners made a restaurant out of their living room and dining room and an area in back of the house. Louisville Ky. 40245. A family member of a current or former officer, director, trustee, or key employee? This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly. Sign up to get ProPublicas biggest stories delivered straight to your inbox. This poses special dangers when the club is owned by investors rather than the members or is subsequently sold to investors, who may have no special allegiance or loyalty to the members as opposed to increasing the profitability of the owners. Some hot summer days the horses would get loose and head for Ruth Lake and take a swim. Country clubs have a wide range of costs. Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization? At a golf club, all you have to do is show up. Did the organization report an amount for investments-program related that is 5% or more of its total assets? Marilyn remembers hearing cows mooing in the morning around what is now Lake Hinsdale Village. Did the organization acquire a direct or indirect interest in any applicable insurance contract? Most of these clubs have a strict dress code and standards for conduct. Regular Regular members are considered full members as per the club. Memberships include the spouse of the primary membership holder and all unmarried children up to the age of (23) years of age still living at home. Usually, these initiation fees or membership deposits are marketed as . Did the organization report more than $15,000 of gross income from gaming activities? Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? . Usually, these initiation fees or membership deposits are marketed as refundable but the membership contract does not require the club to hold these fees in escrow and they immediately go to the clubs bottom line profit. Was there a liquidation, dissolution, termination, or substantial contraction during the year? They maintain places like Butler and Old Elm offer them an alternative to what they experience at a country club. Benefits of Membership. Ruth Lake Country Club 6 reviews Unclaimed Country Clubs Edit See all 9 photos Write a review Add photo Location & Hours 6200 S Madison St Hinsdale, IL 60521 Get directions Edit business info You Might Also Consider Sponsored Topgolf 409 Full Golf Membership - $50,000 Initiation Fee with $11,800 in Yearly Dues ($983.33 monthly) Burlingame Country Club Full Golf Membership - $40,000 Initiation Fee with $9575 in Annual Dues ($797.92 monthly) Associate Golf Membership - $30,000 Initiation Fee with $4788 in Annual Dues until age 55 ($399 monthly) Highlands Falls Country Club Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? To make the decision to move to The Springs of Mill Lakes even easier, the new 55+ master-planned community in Opelika has partnered with the area's renowned Saugahatchee Country Club. Review your golf club membership contract and history of deposits to assess claim validity. Lake Forest Country Club. Butler National famously gave up the Western Open golf tournament in 1991 rather than change its all-male policy. Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? All Rights Reserved. 55+ Community's Active Adult Lifestyle Now Also Includes Superb Golf, Added Amenities. Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? New Members receive 1/2 off Initiation Fee with 2 year contract. Keep in mind that these are going to be the higher-end clubs that cost a lot more than the typical country club up the road. "There's a market for it," said Solano, who hopes to lure 200 members. Nonprofit Tax Code Designation: 501 (c) (7) Defined as: Social and recreational clubs. RUTH LAKE COUNTRY CLUB. The initiation fee at Butler National is more than $100,000, one of the highest in the Midwest. As of the date of publication, the Golf Membership Spot indicated that initiation fees range from about $1,000 to more than $100,000. All tasty home cooking. 83 was prairie (and hay fever haven) in the fall you could hear hunters shooting pheasants and mallards. HINSDALE, IL 60521-5164 | Tax-exempt since July 1941. Frank said the fresh turkey sandwiches they served were delicious. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Click here to read our response to COVID-19. About Us Use this Link for the url of the callout. Initiation fees -- which sometimes are payable in installments -- vary according to the exclusivity of the club. Right now, with some initiation fees cut in half, a Gold member in the top tier of membership has a $2,500 individual initiation fee and monthly dues of $370. Elmo Lincoln. Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? The Augusta National Golf Club's fee is anywhere from $250,000 to $500,000. Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? Clubs with a pool cost more: The average monthly dues. Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? Since most cell phones have a camera and video capabilities, the club prohibits/restricts the use of cell phones in the pool locker rooms and wet areas of the mens and ladies locker rooms. Boasting a rich history, it is clear why many generations have made Ruth Lake Country Club their home away from home over the past 100 years. Additionally there is a structured Ladies Weekly Play Program. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? An official country club (shaker, beechmont, Canterbury, the country club) will run you $5k-$10k initiation fee (usually waived), around $500-700 a month, locker rental, and you still have to pay greens fees. The rest of the area is now Ruth Lake Woods condominiums. As Justice of the Peace, he was authorized to perform marriages. Some can be as low as $600 to join, while others may cost you up to $600,000 or more. Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? The wife was known for making great pies. At the area's oldest club, Kent, at 1600 College Ave. NE, the $7,500 initiation fee has been the same for years. Did the organization liquidate, terminate, or dissolve and cease operations? But in November, it granted its new "transfer opportunity" to waive initiation fees. Copyright 2021 Pro Publica Inc. 1910 Founded in 1910, Edgewood Valley Country Club is a member-owned private club featuring a challenging 18-hole golf course and adjacent Tudor-style clubhouse, home to various leisure activities, modern amenities, and family-oriented programs. Godair Retirement Home at 63rd and Madison was torn down and those residents moved to King Bruwaert Retirement Home. Until recently, these membership joining fees can be very substantial and may range from $5,000 to $100,000 or more. TWA officials reported that the bolt had been lost on impact when the plane hit the ground. Make a case for a maximum award of damages under the relevant state law. And if you do know the difference, you certainly belong to the latter.". Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. Were substantially all dues nondeductible by members? Likewise, there are four paddle courts and a paddle hut where members can play indoor paddle games during the winter. The balance of the initiation fee less any payments towards the initiation fee will be payable upon obtaining age 40. Member Dues. Types Clubs may offer equity memberships or non-equity memberships. Cell phones must be in silent or vibrating mode, and cell phones are not permitted inside the Grill or Butterfield Rooms. Opened in 1920, it was Reverend John Code and a group of his friends who belonged to the Whos Who in the business industry that forged the idea of having a club on the west side of Chicago. (928) 443-3500 . There were a couple of lovely farms east of Rt. The following entries are several of these reminiscences. These audits are copied from the Federal Audit Clearinghouse. Among the others who have graced their shores was Rich King, sports announcer for Channel 9, and Paul Malloy Sr., Sun Times reporter and author of Eight Is Enough, which was based on his family. . Dues, assessments, and similar amounts from members, Section 162(e) lobbying and political expenditures, Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices, Taxable amount of lobbying and political expenditures. a Membership Application, or complete the Membership Inquiry on this page to learn more about membership at Seminole Lake Country Club. 6200 S MADISON STREET, HINSDALE, IL 60521 ruthlakecc.org Total Revenue $9,236,231 Total Expenses $7,697,042 Net Assets $16,389,116 Organizations Filed Purposes: TO PROVIDE FOR THE MEMBERSHIP EXCELLENT SERVICES PROVIDED BY AN OUTSTANDING STAFF IN A QUALITY CLUBHOUSE, EXCELLENT MAINTAINED GOLF COURSE, TENNIS, AND SWIMMING FACILITIES. We offer 3 membership categories to help you choose which best suits your lifestyle. Golf Shop: (708) 352-1564, Copyright 2023 They have pools, tennis courts, dances and many other social functions for families and couples. Oxmoor's dues are $280 a month with a $3,000 initiation fee. They were disappointed to find they had only horse bones, no Tyrannosaurus Rexs. Some clubs are responding by stretching their scope beyond golf. Membership at Old Elm Golf Club and Bob O'Link in Highland Park, Butler National in Oak Brook and Black Sheep Golf Club in Sugar Grove are closely guarded secrets. The impact on the willingness of golf clubs to refund initiation fees to former members when they were not receiving incoming initiation fees was predictable as unscrupulous investors directed the managers to administer the refund policies to dramatically reduce if not eliminate refunds of initiation fees to former or deceased members. Initiation Fees $10,000 Monthly Dues $264 Social Membership Dining privileges at the Country Club's Crescent Grille & Patio, Midway on the Green, Sports Club Snack Shack (seasonal) and access to Club Events at the Country Club & Yacht Club. The average monthly dues (what a person or family pays monthly to belong) is roughly $730. Another restaurant they recall is the Country Kitchen, which was on Frontage Road near Dell Rheas. Thomas Vincere, 45, a management consultant, joined in early April. Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year? Moreover, the clubhouse hosts special celebrations sponsored by members such as weddings, meetings, private parties and other social functions. Click here to get the full experience on your screen. Need Assistance? Ruth Lake Country Club in Hinsdale, Illinois (IL) Table of contents: Overview Detailed Reports Checklist Statements Regarding Other IRS Filings and Tax Compliance Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Statement of Revenue Statement of Functional Expenses Initiation Fee. Use of Marina and swimming pool facilities. It recently was reduced again, to $12,000. Sundays the gravel parking lot would be crowded with cars parked willy-nilly. Former United States Golf Association President Buzz Taylor has been a member of Old Elm, as well as Augusta National. It crashed only four minutes after takeoff. Members go, play 18 holes, have a cocktail, maybe a meal, and then go home. Dining amenities include fine dining in the Butterfield Room and casual dining in the Grill Room or the Pub Patio. The club doesoffer a hole by hole description on its official website. Most early settlers in Golfview Hills remember that rainy night. ClubHub.comnotesformer Dallas Cowboys player and Chicago Bears coachMike Ditka is one of the clubs most prominent members. This Bob Cupp design was private when it opened in 2003, but opened for public play in 2005. The joke goes that many of them are in danger of breaking the "14-club rule" because of their multiple memberships. The air of exclusivity and access to abundant amenities seem to justify the upfront initiation fee expense paid by many members especially when they are told this money will come back to them upon resignation or at some future date. Loretta Mourecek, old-santa-car2assistant village secretary, would play Mrs. Claus. The Internal Revenue Service is substantially delayed in processing and releasing nonprofit filings, so documents available here may not be the most recent an organization has filed. The New York Times article of September 28, 1961 reported that the Civil Aeronautics Board believed the cause of the accident to be a missing bolt vital to the operation of the hydraulic control system. The Lockheed L-049 Constellation, named Star of Dublin was about nine miles west of Midway Airport when it went down at 2:07 a.m. on September 1, 1961 killing all seventy-three passengers and the crew of five. Did the sponsoring organization make any taxable distributions under section 4966? Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? Two parking lots away was Patricks at the corner of Madison Street and Route 66 across from the air field. Frank fondly remembers marrying 16 or 17 couples in his living room which his kids really enjoyed. There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. Facilities such as Olympia Fields, site of the 2003 U.S. Open, and Medinah, site of the 2006 PGA Championship, are country clubs. Hunters Run is a mandatory membership country club. This is a great value for a club that offers 2 Signature Jack Nicklaus courses to choose from. In addition to a great deal of aesthetic changes, The Country Club in . Private Golf Club sites by MembersFirst | Terms of Use | Privacy Policy | Request My Information. Does the organization have a written conflict of interest policy? Kermit Coddington was the owner and manager. Read the IRS instructions for 990 forms. International Harvester had a huge testing lab that reached from County Line Road along Plainfield Road to Madison Street and on south a couple miles. In most instances, resigned or deceased members are placed on a waiting list and are forced to rely on the golf clubs good faith to advise them when they are entitled to their refund, without any transparency into how the list is administered or whether the golf club has accurately accounted for new members or the current membership count. In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. These four do not generally allow women on the premises. Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? Those who owned individual homes in Godair Park remained. There is no charge for an initial consultation. All of our initiation fees are due on receipt of your membership application, unless otherwise specified on the membership promotion. fbq('init', '371193014174136');
What is the most prestigious country club? There are four private tennis courts for members. Ruth Lake Country Club provides our membership with a multitude of golfing opportunities including many events such as Member-Guest Days, Mixed Couples Social Play, and Men's and Ladies Competitions. The harshest mayor's race in years is being fueled by unions and Citadel donors, Developers unveil plans to turn LaSalle Street offices into apartments, Fertilizer giant slashes HQ space with move to Northbrook, The inside story of how Chicago won the $250M Chan Zuckerberg Initiative biotech research lab. The Los Angeles Country Club in Los Angeles, CA Fees: Unknown Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? Did the organization notify the donor of the value of the goods or services provided? Clubs differ in how they treat initiation fees once theyve been paid. Sometimes Kermies kids would ride their horses down Madison St. On most days, Augusta National won't see more than 30 golfers. Then there was Kobels Tavern and grocery store before it became the Country House Restaurant. Tribune Co. Chairman John Madigan has been a member of Old Elm, though it is unclear whether he remains one. Amount of tax imposed on the organization during the year under: section 4911, Amount of tax imposed on the organization during the year under: section 4912, Amount of tax imposed on the organization during the year under: section 4955. Monthly Charge (includes dues, debt retirement, capital and sales . Ruth Lake Country Club is a full-service, family-oriented, private social and golf club offering the . Has it filed a Form 720 to report these payments? The terms sometimes require new members to be admitted to the club within the same category or classification in order for a resigning or deceased member to receive a refund. Memberships are. Diagnosing the Health of Your Dues Engine. There is something for everyone! Green fees peak at $115. Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? Top tier Florida country club Joined as a summer member for this year Unrestricted golf access from May 1st to October 31st $800 down, $300 F & B, $12 to walk 18, $24 to ride 12k initiation fee and $900 monthly dues so I don't plan to join anytime soon Associate member is 1k down and $200 a month with $400 annual F & B. Did the organization have unrelated business gross income of $1,000 or more during the year? Use this Link for the url of the callout. The cook was famous for her pies and her chicken pot pie. On any given day, half the members are going to each other's funerals.". The Vintage Club is also home to 11 championship tennis courts, as well as two beautiful award-winning 18-hole golf courses designed by Tom Fazio. Members and guests may have to pay for green fees, cart rentals, club storage, lockers, and use of pool and tennis facilities. Compensation of current officers, directors, key employees, etc. Tillinghast, a well-known course designer of the era. Contact the golf club on your behalf to inquire as to the status of your initiation fee refund. The club, however, is a private-equity country club and requires sponsorship by current club members, and new members have to seek approval from the Board of Governors. Welcome to Edgewood Valley Country Club Est. . In Woodstock, Bull Valley Golf Club with 160 members in a facility built for 350 dropped its initiation fee to $3,000 from $8,000, and monthly dues for new members have been sliced to $430 from $575. Yacht Club. . (adsbygoogle=window.adsbygoogle||[]).push({}); Advertising Disclosure: This content may include referral links. All Rights Reserved. Did the organization receive more than $25,000 in non-cash contributions? These four clubs go a step further than Augusta National Golf Club, currently under fire for having no female members. Legacy Memberships are for children or spouses of children of Equity members, Life, and Surviving Spouse members who are aged 24-39. The club is known to have one the finest caddy programs in the United States. She said it was the only grade school serving the community at that time. If you retain our services, we will: Gary Graifman of KGG and Robert Dowd of Dowd Law have teamed up to prosecutelawsuits which seek to recover the membership or initiation fees paid by members of golf clubs and golf coursesacross the United States. Membership Information and Fees. Enjoy! Once the initiation fees and equity are fully paid, the member will then be considered as owners of the club and will have voting rights. Did the organization file all required federal employment tax returns? A Social member may be able to apply to a Regular Membership upon application to the Board of Governors. Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals? One year (1965 or thereabouts) my son and a friend started pulling bones out of Ruth Lake. A faltering economy, such as during the Great Recession, and declining interest in golf has had a very negative effect on the administration of refund policies, especially by investor-owned golf and country clubs. Boca Pointe Country Club, 7144 Boca Pointe Drive. Are you tired of waiting for your refund or question the manner your club is administering its refund policay? If this organization has filed an amended return, it may not be reflected in the data below. , Non-representatives - add comments about Ruth Lake Country Club, You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated, (additional info to increase the weight and the placement of your review and ratings), NonProfitFacts.com is not associated with, endorsed by, or sponsored by Ruth Lake Country Club and has no official or unofficial affiliation with Ruth Lake Country Club, Would you recommend Ruth Lake Country Club to others? Copyright 2023 by Ruth Lake Country Club. information about Ruth Lake Country Club The organization is not a private foundation because it is: Contributions, gifts, grants, and similar amounts received, Program service revenue including government fees and contracts, Interest on savings and temporary cash investments, Gain or (loss) from sales of assets other than inventory, Gross amount from sales of assets other than inventory, Less: cost or other basis and sales expenses, Net income or (loss) from special events and activities, Less: direct expenses other than fundraising expenses, Gross profit or (loss) from sales of inventory, Net assets or fund balances at end of year, Net assets or fund balances at beginning of year, Other changes in net assets or fund balances, Statement of Functional Expenses (for 2007). Site by Clubessential. Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? Ruth Lake Country Club in Hinsdale, Illinois (IL), NonProfitFacts.com - Tax-Exempt Organizations, Statements Regarding Other IRS Filings and Tax Compliance, Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors, Revenue, Expenses, and Changes in Net Assets or Fund Balances, Reconciliation of Revenue per Audited Financial Statements With Revenue per Return, Reconciliation of Expenses per Audited Financial Statements With Expenses per Return, Current Officers, Directors, Trustees, and Key Employees, Information Regarding Taxable Subsidiaries and Disregarded Entities, Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees, Lobbying Expenditures by Electing Public Charities, Organizations performing similar types of work, Country club, Cafeteria, restaurant, snack bar, food services, etc., Other social activities, National Taxonomy of Exempt Entities (NTEE), Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club. Dell Rheas Chicken Basket and Country Kitchen were near each other on old Rt. Jul 20, 2019 Updated Jul 20, 2019. Members of these male-only clubs dismiss claims they are anti-women. In general, though, expect an average price between $700 and $25,000 for initial fees and then monthly rates on top of that, which will vary from around $70 all the way up to over $1,500 per month. Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? For those interested in acquiring the original data from the source, heres where our data comes from: Enter a nonprofit's name, a keyword, or city, https://projects.propublica.org/nonprofits, Income from public use of club facilities. "The convenience of being able to play close to my White Eagle home was important," Mr. Vincere says. Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? Social Social Members enjoy the same privileges as Regular members, however, they will not have ownership, no voting rights and no access to the golf course and its amenities. Today, the Village has a population of over eight thousand and is home to a new shopping development. "These kinds of fees make it very easy to join.". Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services? Did the organization make only in-house lobbying expenditures of $2,000 or less? Family Dining in our Grille Room and Outdoor Patio. n.callMethod.apply(n,arguments):n.queue.push(arguments)};
Frank recalls the fun his children (two boys and a girl) had fishing and ice skating on their hidden pond, which is now a lake bordering Stanhope Square and the Knolls. Membership Inquiry. January 11, 2023. Special thanks to the Golfview Hills Womans Club and especially to Jan Kaminski and Ann Diedrich for sharing some of their memories of Golfview Hills and the surrounding area which includes Willowbrook. Former General Electric Chairman Jack Welch and Warren Buffett wear Augusta's green jackets, as does Christopher Galvin, chairman and CEO of Schaumburg-based Motorola Inc. A Georgia radio station recently reported that Microsoft founder Bill Gates has been asked to join. A current or former officer, director, trustee, or key employee? Golf's rule limiting 14 clubs in the bag has a different meaning to these men. Tony and Florence Borse donated the toys and other goodies. Homeowner association fees in the community include . Some of it is bawdy, and some doesn't rise to the level of Howard Stern. n.queue=[];t=b.createElement(e);t.async=!0;
Let us help you recover that initiation fee as soon as possible. 14000 Landmark Drive. The members of such clubs are among the wealthiest men in the country--chief executive officers, business leaders and top investors. It was very popular and its reputation went as far as Park Ridge. REMEMBERING WILLOWBOOK However, a Social member does have access to the tennis courts, swimming pool, dining options and all social activities are available for themembers family. Whatever the story was, we had a lot of bones in our garage!! . "It's hard to find people with enough disposable income to come up with big initiation fees today," he says. He is proud of the plaque his received in 1988 from the Fire and Rescue Service acknowledging his years of distinguished service and loyalty to the Village of Western Springs where he was a volunteer for 30 years. Regular members also have full voting rights. Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B), Salaries and wages of employees not included above, Pension plan contributions not included above, Accounts receivable less allowance for doubtful accounts, Pledges receivable less allowance for doubtful accounts, Receivables from current and former officers, directors, trustees, and key employees, Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B), Other notes and loans receivable less allowance for doubtful accounts, Investments - land, buildings, and equipment less accumulated depreciation, Land, buildings, and equipment less accumulated depreciation, Other assets, including program-related investments, Loans from officers, directors, trustees, and key employees, Total liabilities and net assets/fund balances, Total revenue, gains, and other support per audited financial statements, Total expenses and losses per audited financial statements, Total number of officers, directors, and trustees permitted to vote on organization business at board meetings.

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ruth lake country club initiation fee