2024-05-14T07:55:50-05:00 2023-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-07-01 591149087 THE COUNTRY CLUB OF NAPLES INC COUN 2392611032 185 BURNING TREE DRIVE NAPLES FL 34105 LAURIS TURCK TREASURER 2392611032 2024-05-09 1 LAURIS TURCK 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BLAYNE GILBERT 185 BURNING TREE DRIVE NAPLES FL 34105 7770953 0 X WWW.CCNAPLES.NET X 1963 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 6 6 106 41 482600 224009 0 0 5393980 5653077 -2518 -769395 1469075 1063445 6860537 5947127 0 0 0 0 4029564 4574659 0 0 0 3698873 3776949 7728437 8351608 -867900 -2404481 20698309 24411690 6009575 7554690 14688734 16857000 THE COUNTRY CLUB OF NAPLES, 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 AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 06/30/2023 WAS APPROX. 21,964 OF WHICH APPROX 1,816 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,242,728 OF WHICH $117,247 WAS NON-MEMBER RELATED AND/OR MEMBER-TAXABLE. 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 1 112 0 1 106 1 1 1 0 0 0 1 1 0 304786 0 0 0 X 6 6 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ELIZABETH HOYER-BOOTH 2392611032 185 BURNING TREE DRIVE NAPLES FL 34105 MICHAEL MILONE PRESIDENT 10.00 X X 0 0 0 SUZANNE ZELLER VICE PRESIDENT 10.00 X X 0 0 0 LAURIS TURCK SECRETARY 10.00 X X 0 0 0 DAVID REIF TREASURER 10.00 X X 0 0 0 LAURA DAUSMAN DIRECTOR 10.00 X 0 0 0 MICHAEL MCDONNELL DIRECTOR 10.00 X 0 0 0 JOHN LOSIER DIRECTOR 10.00 X 0 0 0 BLAYNE GILBERT GENERAL MANAGER 40.00 X 237513 0 60382 ELIZABETH HOYER-BOOTH CONTROLLER 40.00 X 154149 0 15976 WILLIAM DAVIDSON JR GOLF COURSE SUPERINTENDENT 40.00 X 163911 0 30806 NATHAN JOHNSON GOLF PROFESSIONAL 40.00 X 157170 0 14448 LAURIANE MELLOR DIRECTOR OF MEMBERSHIP 40.00 X 211334 0 17635 MIGUEL TELLEZ-GARCIA EXECUTIVE CHEF 40.00 X 113370 0 11315 ERIC WELSH CLUBHOUSE MANAGER 40.00 X 116739 0 11636 1154186 0 162198 7 0 1 0 0 MEMBERSHIP DUES & ASSESSMENTS 713910 5039481 5039481 GREENS & CART FEE 713910 595719 461299 134420 OTHER FEES 713910 17877 17877 5653077 258723 258723 35680 1063798 -1028118 -1028118 -1028118 1585291 760028 825263 743306 81957 INTEREST RATE SWAP AGREEMENT 713910 182426 182426 MISCELLANEOUS 713910 55756 48256 7500 238182 5947127 6492645 482600 -1028118 662737 3235139 100962 293732 282089 197434 855602 408750 INCOME TAXES 57357 GOLF COURSE MAINTENANCE 988654 ADMINISTRATIVE AND GENE 503349 FOOD & BEVERAGE 297398 468405 8351608 8918101 9342935 717405 781872 272832 417477 236217 440989 20027340 7070680 10537922 12956660 15832 471757 20698309 24411690 432206 2166772 861955 960959 4715414 4426959 6009575 7554690 X 14688734 16857000 14688734 16857000 20698309 24411690 X -2404481 17947 4554800 X X 0 1 X 1 0 613517 613517 9172767 4466853 4705914 4142503 2017270 2125233 6098553 586557 5511996 12956660 REFUNDABLE DEPOSITS 20000 TAXES PAYABLE 24972 LONG-TERM DEBT 3540885 CURRENT MATURITIES OF LONG TERM DEBT 560672 OPERATING LEASE LIABILITY - SHORT TERM 152272 OPERATING LEASE LIABILITY - LONG TERM 128158 4426959 X 6667745 17947 702671 720618 5947127 0 5947127 9054279 702671 702671 8351608 0 8351608 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - FOOD/BEVERAGE & GOLF MERCHANDISE 760,028. INCOME TAXES -57,357. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - FOOD/BEVERAGE & GOLF MERCHANDISE 760,028. INCOME TAXES -57,357. X X X X 0 0 0 BLAYNE GILBERT GENERAL MANAGER 186457 0 50000 0 1056 0 53666 0 6716 0 297895 0 0 0 LAURIANE MELLOR DIRECTOR OF MEMBERSHIP 61896 0 17000 0 132438 0 10946 0 6689 0 228969 0 0 0 WILLIAM DAVIDSON JR GOLF COURSE SUPERINTENDENT 137241 0 17250 0 9420 0 23646 0 7160 0 194717 0 0 0 NATHAN JOHNSON GOLF PROFESSIONAL 83928 0 16960 0 56282 0 7732 0 6716 0 171618 0 0 0 ELIZABETH HOYER-BOOTH CONTROLLER 108593 0 17500 0 28056 0 9295 0 6681 0 170125 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 REMOVED REFERENCES TO SWIMMING POOL WHICH WAS REMOVED DURING THE YEAR. CORRECTED DUES INCREASES ARE APPROVED BY A MAJORITY OF THOSE VOTING, NOT A MAJORITY OF THE VOTING MEMBERS. RAISED LIMIT FOR ASSESSMENTS WITHOUT A VOTE OF THE MEMBERS FROM $800 TO $1,000 REMOVED REFERENCES TO THE CCN FOUNDATION WHICH WAS DISBANDED PROVIDED FOR NO REFUND OF $1.00 EQUITY CERTIFICATES CONTINGENCY RESERVE WAS RAISED FROM $100,000 TO $500,000 RAISED THE LIMIT ON PROPOSED CAPITAL EXPENDURES REQUIRING A MEMBER VOTE FROM $100,000 TO $500,000 CLARIFIED THE RULES FOR ELECTRONIC VOTING 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. ALL FULL ACTIVE GOLF MEMBERS ARE STOCKHOLDERS AS ARE MEDALLION MEMBERS AND THOSE YOUNG EXECUTIVE MEMBERS WHO HAVE PAID THE FULL INITIATION FEE REQUIRED FORM 990, PART VI, SECTION A, LINE 7A FULL GOLF MEMBERS AND MEDALLION MEMBERS AND ANY YOUNG EXECUTIVE MEMBERS WHO HAVE PAID THE FULL INITIATION FEE AND BEEN GIVEN THEIR VOTING RIGHT EVEN IF THEY ARE NOT YET PAYING FULL DUES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO MEMBERSHIP APPROVAL: (1) ANNUAL DUES INCREASE OVER 10% AND ASSESSMENTS IN EXCESS OF $1000 PER YEAR, (2) ANY SINGLE CAPITAL EXPENDITURE IN EXCESS OF $500,000, EXCEPT FOR REPAIRS & MAINTENANCE OR REPLACEMENT OF THE ASSETS OF THE CLUB IN THE NORMAL COURSE OF OPERATIONS, AND (3) ANY CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT 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 CONTROLLER, TREASURER, AND GENERAL MANAGER. THE CONTROLLER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS AND THEN THE CONTROLLER REVIEWS THE FORM 990 WITH THE TREASURER AND THE GENERAL MANAGER PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS IN THE GOVERNANCE HANDBOOK WHICH IS DISTRIBUTED TO EVERY DIRECTOR BEFORE AND AFTER ELECTION. THEY SIGN OFF ACKNOWLEDGING THEIR RESPONSIBILITES. WITHIN 5 MONTHS OF ELECTION THEY ARE ASKED TO COMPLETE THE GOVERNING BODY QUESTIONNAIRE. ANY CONFLICTS WOULD BE DISCOVERED AT THAT TIME IF NOT KNOWN ALREADY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE LOOKS AT SURVEYS AND, WHILE REVIEWING THE OFFICER'S PERFORMANCE AND SETTING GOALS FOR THE YEAR, DETERMINES A SALARY FOR THE YEAR. THE COMPENSATION COMMITTEE IS MADE UP OF THE PRESIDENT AND SELECTED MEMBERS OF THE BOARD OF DIRECTORS. FOR THE DEPARTMENT HEADS, THE GM LOOKS AT THE SURVEYS AND THE EMPLOYEES' PERFORMANCE AND RECOMMENDS A RAISE, WHICH THE COMPENSATION COMMITTEE EITHER APPROVES OR ADJUSTS. THE GM WAS HIRED BY THE FULL BOARD AND HIS COMPENSATION WAS SET BY THE BOARD WHEN PREPARING HIS EMPLOYMENT AGREEMENT. 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 ORGANIZATION PROVIDES COPIES OF THE CONFLICT OF INTEREST POLICY UPON REQUEST. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: CAPITAL CHARGES 450,521. RENOVATION ASSESSMENT 805,295. ENTRANCE CONTRIBUTIONS 3,205,030. GOLF COURSE PROJECT ASSESSMENT 145,751. REDEMPTION OF MEMBERSHIP NOTES -28,800. REDEMPTION OF MEMBERSHIP CERTIFICATES -23,016. ISSUANCE OF NEW MEMBERSHIP CERTIFICATES 19. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR.