2024-01-30T14:15:05-06:00 2023-04-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2022-05-01 570147510 COUNTRY CLUB OF CHARLESTON COUN 8437950422 ONE COUNTRY CLUB DRIVE CHARLESTON SC 29412 DEBBIE MCCLURE TREASURER/SECRETARY 8437950422 2024-01-26 1 DEBBIE MCCLURE 999009999 1 KERRI RAWCLIFFE P01398485 4016216200 2024-01-26 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEBBIE MCCLURE ONE COUNTRY CLUB CHARLESTON SC 29412 14825660 0 X WWW.COUNTRYCLUBOFCHARLESTON.COM X 1936 SC TO PROVIDE A FACILITY WHERE THE MEMBERS CAN ENJOY BOTH SOCIAL AND PHYSICAL ACTIVITIES 13 13 224 60 293182 39581 0 0 12316491 11064006 18924 13599 254824 -1391144 12590239 9686461 10000 0 0 0 6055921 3237454 0 0 0 6485444 5397403 12551365 8634857 38874 1051604 25438574 23905261 5881481 6083392 19557093 17821869 TO PROVIDE AN ENJOYABLE AND RELAXING ATMOSPHERE TO THE MEMBERS OF THE CLUB ENGAGING IN BOTH SPORTING AND SOCIAL ACTIVITIES. 0 0 THE COUNTRY CLUB OF CHARLESTON PROVIDES MEMBERS WITH ACCESS TO ITS GOLF COURSE, CLUBHOUSE, NEW AQUATICS AND WELLNESS FACILITIES, A GOLF SHOP AND AN ACTIVE TENNIS FACILITY. WITH A STORIED HISTORY AND TRADITIONS, THE CLUB IS ONE OF THE PREMIER GOLF CLUBS IN THE SOUTHEAST. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 121 0 1 224 1 1 1 0 0 0 0 1295535 982047 0 0 0 X 13 13 0 0 0 0 1 1 1 1 0 0 0 1 0 0 1 0 0 0 SC X KAREN SHERMAN 8434061150 ONE COUNTRY CLUB DRIVE CHARLESTON SC 29412 BARBARA CHRISTIE EX-OFFICIO 2.00 X 0 0 0 FRANK NORVELL PRESIDENT/STRATEGIC PLANNING 2.00 X X 0 0 0 BRIAN POWERS VICE PRESIDENT 2.00 X X 0 0 0 FORREST NORVELL CLUB SOLICITOR 2.00 X X 0 0 0 ALEX ANDREWS DIRECTOR 2.00 X 0 0 0 JUSTIN BOULWARE DIRECTOR 2.00 X 0 0 0 DAVID KUNES DIRECTOR 2.00 X 0 0 0 ERWIN MORRISON DIRECTOR 2.00 X 0 0 0 ROD MOSELEY DIRECTOR 2.00 X 0 0 0 ROB WILSON DIRECTOR 2.00 X 0 0 0 TED BRISSON DIRECTOR 2.00 X 0 0 0 DEBBIE MCCLURE TREASURER/SECRETARY 2.00 X X 0 0 0 JAMES SUTTON GENERAL MANAGER 40.00 X 242423 0 22125 MATT BOVA DIRECTOR OF GOLF 40.00 X 152564 0 14467 PAUL CORDER GOLF COURSE SUPERINTENDENT 40.00 X 168696 0 20925 JON ZEPP DIRECTOR OF TENNIS 40.00 X 163227 0 20925 TOBY SIMPSON TENNIS PROFESSIONAL 40.00 X 228708 0 6575 DANNY STEWART GOLF TEACHING PROFESSIONAL 40.00 X 135672 0 5531 KAREN SHERMAN CONTROLLER 40.00 X 137153 0 7254 1228443 0 97802 7 0 1 0 0 MEMBERSHIP DUES 713910 6430921 6430921 INITIATION FEES 713910 1295535 1295535 GOLF/PROSHOP INCOME 713910 1249811 815270 434541 CAPITAL ASSESSMENTS & DUES 713910 974673 974673 TENNIS 713910 378268 378268 734798 734798 11064006 13599 13599 3738507 5139199 -1400692 -1245734 -154958 SWAP INCOME 713910 8359 8359 TAX REFUND 713910 1189 1189 9548 9686461 9393279 293182 0 X 955618 1883430 179103 219303 19643 22000 169539 273 23283 27854 607387 25521 112278 1192833 588282 CHEMICALS/FERTILIZER 375075 TOURNAMENT/MEMBER EXPEN 364531 LEASE EXPENSE 346790 OPERATIONS CAPITAL EXPE 215865 1306249 8634857 1256568 717350 541182 2571479 1239428 709778 298779 332790 288545 242265 34553646 16277795 19841850 18275851 1972222 1055748 25438574 23905261 821207 950390 751229 170140 4053045 3822430 256000 1140432 5881481 6083392 X 19557093 17821869 19557093 17821869 25438574 23905261 1051604 8567 -2795395 0 X X 1 X 0 1 0 3039628 3039628 19439107 7073331 12365776 3587472 2818507 768965 8487439 6385957 2101482 18275851 ROU LIABILITY 912432 REFUNDABLE ASSESSMENTS 228000 1140432 X 14834227 8567 5139199 5147766 9686461 0 9686461 13774056 5139199 5139199 8634857 0 8634857 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO APRIL 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS 5,139,199. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 5,139,199. X 0 1 X X X 0 0 0 JAMES SUTTON GENERAL MANAGER 242423 0 0 0 0 0 0 0 22125 0 264548 0 0 0 TOBY SIMPSON TENNIS PROFESSIONAL 228708 0 0 0 0 0 0 0 6575 0 235283 0 0 0 PAUL CORDER GOLF COURSE SUPERINTENDENT 168696 0 0 0 0 0 0 0 20925 0 189621 0 0 0 JON ZEPP DIRECTOR OF TENNIS 163227 0 0 0 0 0 0 0 20925 0 184152 0 0 0 MATT BOVA DIRECTOR OF GOLF 152564 0 0 0 0 0 0 0 14467 0 167031 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD HAS ONE ADDITIONAL BOARD MEMBER WHO SERVES EX-OFFICIO. THIS POSITION ONLY VOTES IN THE EVENT OF A TIE. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS STOCKHOLDERS, THERE ARE TWO TYPES OF STOCK - CLASS A AND CLASS B. CLASS B STOCKHOLDERS SHALL HAVE NO VOTE WITH RESPECT TO ANY MATTER CONCERING THE REAL ESTATE OR OTHER PHYSICAL ASSETS; NOR IN THE AUTHORIZATION OF LOANS OR MORTGAGES; NOR IN THE REORGANIZATION OF THE CORPORATION OR ITS CAPITAL STRUCTURE, SHALL BE ENTITLED TO A MAXIMUM LIQUIDATING DIVIDEND OF $100 ON THE LIQUIDATION OF THE CORPORATION, SHALL ENTITLE THE HOLDER TO QUALIFY AS A MEMBER OF THE MINORITY OF THE BOARD OF DIRECTORS, AND SHALL BE VOID SHOULD THE HOLDER CEASE TO BE A MEMBER OF THE COUNTRY CLUB OF CHARLESTON. FORM 990, PART VI, SECTION A, LINE 7A ALL STOCKHOLDERS SHALL HAVE ONE VOTE FOR THE ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS. 70% OF THE BOARD OF DIRECTORS SHALL BE CLASS A STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY ONLY BE AMENDED BY AN AFFIRMATIVE VOTE OF TWO-THIRDS OF THE ELIGIBLE STOCKHOLDERS AT ANY REGULAR OR SPECIAL MEETING OF STOCKHOLDERS PROVIDED THAT AT LEAST 30 DAYS NOTICE OF THE PROPOSED AMENDMENT(S) SHALL HAVE BEEN GIVEN BY MAIL TO THE STOCKHOLDERS AT THEIR LAST KNOWN ADDRESS. AN ELIGIBLE STOCKHOLDER SHALL MEAN A STOCKHOLDER WHO IS REPRESENTED, IN PERSON OR BY PROXY, AT THE REGULAR OR SPECIAL MEETING IN WHICH SUCH PROPOSED AMENDMENT IS BEING VOTED UPON. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE TREASURER PRIOR TO FILING. A COPY OF THE RETURN IS ALSO MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE GENERAL MANAGER IS SET AND APPROVED BY THE EXECUTIVE COMMITTEE. THE GENERAL MANAGER SETS COMPENSATION FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO CLUB MEMBERS UPON REQUEST. FORM 990, PART IX, LINE 24E REPAIRS & MAINTENANCE 209,334. SUPPLIES 163,664. GRATUITY/DISCOUNTS 143,001. MEMBER CONTRIBUTIONS 94,550. LESSON/TEAM EXPENSE 56,047. GAS 53,687. ENTERTAINMENT/DECORATIONS 51,965. MISCELLANEOUS 49,373. LOSS ON DISPOSAL OF ASSETS 48,880. TREE CARE/SEED & SOD 41,365. CAMP/AFTER SCHOOL EXPENSES 39,346. WATER, IRRIGATION AND DRAINAGE 38,636. LAUNDRY & TOWELS 37,038. DUES/SUBSCRIPTIONS 36,517. TOP DRESSING 33,607. LICENSES/FEES 31,644. UNCOLLECTED INITIATION FEE 25,217. FITNESS CLASS 21,810. EMPLOYEE SEARCH 21,669. BANK CHARGES 19,439. MANAGEMENT EXPENSES 16,454. UNIFORMS 15,525. TELEPHONE 14,774. SECURITY EXPENSE 12,847. RUBBISH REMOVAL 9,349. DIRECTOR/BOARD EXPENSES 7,225. PEST CONTROL 4,220. COMPUTER EXPENSES 3,662. BACKGROUND CHECK/DRUG TESTING 3,149. GOLF LESSONS 1,151. SMALL EQUIPMENT 1,081. AUTO EXPENSE 23. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.