2024-05-07T11:50:36-05:00 2023-07-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-08-01 352367578 THE CLUB AT MEDITERRA INC CLUB 2392543007 15755 CORSO MEDITERRA CIRCLE NAPLES FL 34110 HANLEY WHEELER TREASURER 2392543007 2024-05-01 1 HANLEY WHEELER 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VINCENT BYRD 15755 CORSO MEDITERRA CIRCLE NAPLES FL 34110 26794415 0 X HTTPS://WWW.MEDITERRALIVING.COM/ X 2009 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 302 75 1350108 304318 0 0 14308223 16003780 103362 -167991 8768082 7402895 23179667 23238684 0 0 0 0 11585070 12341062 0 0 0 12574817 13936498 24159887 26277560 -980220 -3038876 64386577 72484184 39311422 38673622 25075155 33810562 THE CLUB AT MEDITERRA, INC IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE FISCAL YEAR ENDED 07/31/23 WAS APPROX. 51,080 OF WHICH APPROXIMATELY 13,122 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $4,898,527 OF WHICH $352,994 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 1 0 1 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 35 0 1 302 1 1 1 0 0 0 1 1 0 1325944 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X RICK LEITMAN CFO 2392543000 15755 CORSO MEDITERRA CIRCLE NAPLES FL 34110 VINCENT BYRD PRESIDENT 3.00 X X 0 0 0 CHRIS DALY VICE PRESIDENT 3.00 X X 0 0 0 BILL SCOTT SECRETARY 1.00 X X 0 0 0 HANLEY WHEELER TREASURER (AS OF 4/23) 3.00 X X 0 0 0 JOEL MCKOAN TREASURER (THROUGH 3/23) 2.00 X X 0 0 0 RENEE ALDERSON DIRECTOR 1.00 X 0 0 0 CRAIG DIVINO DIRECTOR 1.00 X 0 0 0 MARY JO DEMPSEY DIRECTOR 1.00 X 0 0 0 MIKE PULICK DIRECTOR 1.00 X 0 0 0 BUD GARTLAND DIRECTOR 1.00 X 0 0 0 JULIE HEUPEL DIRECTOR 1.00 X 0 0 0 RICK LEITMAN CFO 60.00 X 275051 0 22196 CARMEN MAUCERI COO 40.00 X 525097 0 66887 KEVIN SWAN DIRECTOR OF GOLF 50.00 X 191663 0 25937 TOM LIVELY DIRECTOR OF AGRONOMY 40.00 X 360600 0 26030 MANON PASSINO DIRECTOR OF MEMBERSHIP & MARKETING 40.00 X 198111 0 18271 JOACHIM BUCHNER EXECUTIVE CHEF 40.00 X 272666 0 17321 ADAM BAZALGETTE GOLF INSTRUCTOR 40.00 X 232190 0 27538 2055378 0 204180 27 0 1 0 0 MEMBERSHIP DUES 713910 13180642 13180642 GREEN & CART RENTAL 713910 2452096 1729535 722561 TENNIS & FITNESS 713910 371042 344009 27033 16003780 341102 341102 29160 29160 0 32158 541251 -509093 -509093 -509093 6564533 2985320 3579213 3319801 259412 INTEREST RATE SWAP AGREEMENT 713910 2919114 2919114 HURRICANE PROCEEDS 713910 558055 558055 OTHER FOOD & BEVERAGE REVENUES 713910 163818 163818 182695 182695 3823682 23238684 22397669 1350108 -509093 9795946 2545116 1249518 4771965 604417 GENERAL & ADMINISTRATIV 2092765 GOLF MAINTENANCE 1725243 CLUBHOUSE MAINTENANCE 942756 GOLF ACTIVITIES 760071 1789763 26277560 16293273 6141184 943292 1106760 716254 909817 1065198 1059962 71424761 29471330 45359020 41953431 17523244 9540 3789786 64386577 72484184 2207148 1899828 6543695 7133114 30560579 29640680 39311422 38673622 X 24994698 33759540 80457 51022 25075155 33810562 64386577 72484184 X -3038876 173526 11600757 X X 0 1 X 1 0 8775605 8775605 31894360 15464213 16430147 7837336 3799989 4037347 22917460 10207128 12710332 41953431 US TREASURY SECURITIES 17523244 C 17523244 DEPOSIT 49426 RIGHT-OF-USE ASSETS FOR FINANCE LEASES 504169 RIGHT-OF-USE ASSETS FOR OPERATING LEASES 804908 INTEREST RATE SWAP AGREEMENT 2431283 3789786 LONG-TERM DEBTS 28427415 FINANCE LEASE LIABIILITY 408357 OPERARING LEASE OBLIGATIONS 804908 29640680 X 26253164 3014480 3014480 23238684 0 23238684 29292040 3014480 3014480 26277560 0 26277560 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISION OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARD CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,985,320. RENTAL EXPENSES 29,160. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,985,320. RENTAL EXPENSES 29,160. X X X X X 0 0 0 CARMEN MAUCERI COO 340097 0 120000 0 65000 0 48983 0 17904 0 591984 0 0 0 TOM LIVELY DIRECTOR OF AGRONOMY 283085 0 44378 0 33137 0 12200 0 13830 0 386630 0 0 0 RICK LEITMAN CFO 215418 0 32633 0 27000 0 9832 0 12364 0 297247 0 0 0 JOACHIM BUCHNER EXECUTIVE CHEF 205033 0 32633 0 35000 0 10642 0 6679 0 289987 0 0 0 ADAM BAZALGETTE GOLF INSTRUCTOR 222556 0 0 0 9634 0 9634 0 17904 0 259728 0 0 0 KEVIN SWAN DIRECTOR OF GOLF 154878 0 24735 0 12050 0 8033 0 17904 0 217600 0 0 0 MANON PASSINO DIRECTOR OF MEMBERSHIP & MARKETING 161033 0 25080 0 11998 0 8180 0 10091 0 216382 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF MEMBERS, MASTERS GOLF, SPORTS AND BEACH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF GOVERNORS, REMOVAL OF A GOVERNOR, ASSESSMENTS FOR CAPITAL EXPENDITURES (SUBJECT TO 19.3 OF THE BY-LAWS) & CHANGES TO THE BY-LAWS AND ARTICLES OF INCORPORATION ARE ALL SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE OR EFFICENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER, CFO AND COO. THE BOARD'S TREASURER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE BOARD IS IN CHARGE OF DISTRIBUTING THE CLUB'S CONFLICT OF INTEREST POLICY TO ALL BOARD AND COMMITTEE MEMBERS. THE SECRETARY THEN COLLECTS ALL CONFLICT OF INTEREST FORMS FROM THE BOARD AND COMMITTEE AND REVIEWS THEM WITH THE LEGAL COMMITTEE. IF A MEMBER IS UNWILLING TO FILL OUT A FORM, THEY ARE NOT ALLOWED TO SERVE ON THE BOARD OR COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY EMPLOYEES IS DONE THROUGH THE CEO WHO THEN REVIEWS THIS WITH THE HR/COMPENSATION COMMITTTEE. THEN RESULTS ARE REVIWED WITH THE PRESIDENT. THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE CLUB'S PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB'S WEBSITE AND UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE CLUB'S WEBSITE, UPON REQUEST AND INSPECTION AT THE CLUB. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST AND FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION FEES 3,546,642. AMENITY PRESERVATION FEES 2,191,675. MEMBER DONATIONS 383,595. MEMBERS' EQUITY WITH DONOR RESTRICTIONS -413,030. SPORTS EXPANSION ASSESSMENT 5,891,875. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR.