Using this template.
A 501(c)(7) social club should be able to show an advisor where money came from. This worksheet separates member amounts, nonmember-use amounts, investment income, and amounts you have not classified yet.
Guest charges start in the undetermined column. Do not move them to nonmember use until an advisor reviews who was invited, who paid, and whether the public could attend. Public facility rentals and public merchandise are in the nonmember-use column because those facts are already public use. Investment income stays in its own column.
The sheet totals each column. It does not score the club. Outside receipts, including investment income, are discussed near 35% of gross receipts. Receipts from the general public's use of club facilities are discussed near 15% of gross receipts and sit inside that outside-income discussion. They are not two independent pass/fail scores. This sheet does not score or apply those references.
This resource is educational only. It is not legal, tax, or accounting advice.