2024-01-30T10:18:45-06:00 2023-03-31 381910111 UHY ADVISORS GREAT LAKES INC 27725 STANSBURY BLVD SUITE 210 FARMINGTON HILLS MI 48334 990 2022-04-01 380724060 KNOLLWOOD COUNTRY CLUB KNOL 2488551800 5050 WEST MAPLE ROAD WEST BLOOMFIELD MI 48322 PAUL FINKEL OFFICER 2488551800 2024-01-26 1 PAUL FINKEL 999009999 1 STEVEN KATZMAN P00950685 2483550280 2024-01-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL FINKEL 5050 WEST MAPLE ROAD WEST BLOOMFIELD MI 48322 7272602 0 X WWW.KNOLLWOODCOUNTRYCLUB.NET X 1932 MI PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS 13 13 160 0 91968 44248 0 0 4975037 5126393 291 5308 -185181 -141953 4790147 4989748 0 0 0 0 1887058 2466698 0 0 0 2154336 2405342 4041394 4872040 748753 117708 6179930 6209738 2989101 2933701 3190829 3276037 PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS 0 0 ALL EXPENSES ARE INCURRED IN PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 160 1 1 1 0 0 0 0 86958 474168 0 0 0 X 13 13 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X TRACY WILSON 2488551800 5050 WEST MAPLE ROAD WEST BLOOMFIELD MI 48322 X MARK COLTON PRESIDENT 5.00 X X 0 0 0 PAUL FINKEL TREASURER 5.00 X X 0 0 0 JORDAN BOLTON VICE PRESIDENT 5.00 X X 0 0 0 ADAM BEHRENDT DIRECTOR 5.00 X 0 0 0 MICHAEL SCHUCHMAN DIRECTOR 5.00 X 0 0 0 NANCY GOLDMAN DIRECTOR 5.00 X 0 0 0 AMY GROSINGER SECRETARY 5.00 X X 0 0 0 JJ REIFLER DIRECTOR 5.00 X 0 0 0 DR ERIC ZUCKERMAN DIRECTOR 5.00 X 0 0 0 STEPHEN WOOD DIRECTOR 5.00 X 0 0 0 LARRY SLABOTSKY DIRECTOR 5.00 X 0 0 0 STEPHEN MALERMAN DIRECTOR 5.00 X 0 0 0 DOUG LEVINE IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 713990 3812666 3812666 CARTS AND GREENS FEES 713990 661862 574066 87796 BAG, RANGE & LOCKER FEES 713990 218630 218630 PARKING REVENUE 713990 201763 201763 LESSON REVENUE 713990 94320 94320 137152 137152 5126393 5308 5308 1773990 2282854 -508864 -507728 -1136 EMPLOYEE RETENTION CREDIT 713910 186091 186091 CAPITAL RESERVE FEE 713910 180562 180562 INSURANCE PROCEEDS 713910 258 258 366911 4989748 4897780 91968 0 X 2027333 30409 238356 170600 8515 10572 45162 392193 182257 SUPPLIES 297301 UTILITIES 281024 VALET SERVICE 226585 FERTILIZER AND CHEMICAL 189186 772547 4872040 1211065 1213310 431881 474911 197388 223897 158221 43395 22298537 18070696 4181375 4227841 0 26384 6179930 6209738 449618 599378 366526 318740 996435 1005297 1176522 1010286 2989101 2933701 X 3190829 3276037 3190829 3276037 6179930 6209738 X 117708 -32500 X 0 1 X 0 0 1523200 1523200 14227502 12519864 1707638 2314645 2041283 273362 4233190 3509549 723641 4227841 RESIGNED MEMBER ASSESSMENTS 983795 CAPITAL LEASE LIABILITIES 26491 1010286 X 7272602 0 7272602 -2282854 -2282854 4989748 7154894 2282854 2282854 4872040 0 4872040 PART X, LINE 2: THE CLUB HAS ADOPTED ASC GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO STEP PROCESS. A DETERMINATION IS MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED UPON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULIMATE SETTLEMENT. AT MARCH 31, 2023, THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,282,854. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 2,282,854. FORM 990, PART VI, SECTION A, LINE 3 THE CLUB HAS A MANAGEMENT AGREEMENT WITH TROON GOLF, LLC. AS PART OF THE AGREEMENT, ALL NON-UNION EMPLOYEES ARE TROON GOLF LLC EMPLOYEES AND ALL PAYROLL IS REPORTED ON TROON GOLF LLC'S PAYROLL TAX RETURNS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS VOTING AND NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CLUB VOTE WHO IS ELECTED TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE ON VARIOUS MATTERS. FORM 990, PART VI, SECTION B, LINE 11B THE EXTERNAL AUDITOR REVIEWS FORM 990 WITH AT LEAST ONE MEMBER OF THE EXECUTIVE COMMITTEE AND/OR ONE MEMBER OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING EACH BOARD MEMBER SIGN IT, WHEN ELECTED FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS DETERMINES COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, ALL DOCUMENTS PERTAINING TO THE CLUB'S GOVERNING DOCUMENTS WILL BE MADE AVAILABLE FORM 990, PART IX, LINE 24E ENTERTAINMENT AND MEMBER PROMOTION 150,826. REPAIRS AND MAINTENANCE 143,557. PROPERTY TAXES 124,698. MANAGEMENT FEES 75,000. EQUIPMENT LEASE 72,702. FLOWERS AND LANDSCAPING 54,405. CONTRACT LABOR 38,053. COMPUTER EXPENSE 36,412. DUES AND SUBSCRIPTIONS 23,940. PROFESSIONAL FEES 23,435. MISCELLANEOUS 17,873. SECURITY 6,462. BANK AND CREDIT CARD FEES 2,785. POSTAGE 2,399. FORM 990, PART XI, LINE 9: RESIGNED MEMBER TRANSACTIONS -32,500.