2024-08-28T13:11:45-05:00 2023-10-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-11-01 590687396 VERO BEACH COUNTRY CLUB INC VERO 7725673320 800 30TH STREET VERO BEACH FL 32960 PRISCILLA HAMMOND TREASURER 7725673320 2024-08-21 1 0 CHRISTOPHER CECIL P01877773 5616971785 2022 2024-08-08 14:25:15Z BILL LYNCH 800 30TH STREET VERO BEACH FL 32960 8039012 0 X WWW.VBCOUNTRYCLUB.COM X 1968 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 11 11 130 65 201013 18156 0 0 5121736 5221421 7118 83425 1275364 1411498 6404218 6716344 0 0 0 0 3711348 3914413 0 0 0 3424917 3597656 7136265 7512069 -732047 -795725 11406849 12047700 1464115 1703005 9942734 10344695 VERO BEACH COUNTRY CLUB 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'S REVENUE FROM FOOD AND BEVERAGE SALES TOTALED $2,132,885 FOR THE YEAR ENDED 10/31/23 OF WHICH $71,925 WAS NON-MEMBER RELATED. IN ADDITION APPROXIMATELY 27,909 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 10/31/23 OF WHICH 2,763 WERE NON-MEMBER RELATED. 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 36 0 1 130 1 1 1 0 0 0 1 1 0 235945 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 0 0 0 X JUDY FOLCK CONTROLLER 7725673320 800 30TH STREET VERO BEACH FL 32960 NICK GEESLIN SECRETARY 20.00 X X 0 0 0 PRISCILLA HAMMOND TREASURER/FINANCE CHAIRMAN 20.00 X X 0 0 0 JIMMY ANSELL VICE PRESIDENT 20.00 X X 0 0 0 BILL LYNCH PRESIDENT 20.00 X X 0 0 0 DANE ULLIAN DIRECTOR 10.00 X 0 0 0 RON SMALL DIRECTOR 10.00 X 0 0 0 JAMIE ABRAMS DIRECTOR 10.00 X 0 0 0 JENNIFER WATSON DIRECTOR 10.00 X 0 0 0 SANDY STREETMAN DIRECTOR 10.00 X 0 0 0 MARY WRIGHT DIRECTOR 10.00 X 0 0 0 RANDY SEXTON DIRECTOR 10.00 X 0 0 0 TIMOTHY STRALEY GENERAL MANAGER 50.00 X 175294 0 31723 JUDY FOLCK CONTROLLER 45.00 X 127440 0 11029 BRUCE MEIER EXECUTIVE CHEF 45.00 X 145488 0 13477 R SHANE WRIGHT GOLF COURSE SUPERINTENDENT 45.00 X 143757 0 30906 RANDY HEDGECOCK GOLF PROFESSIONAL 50.00 X 137276 0 8201 729255 0 95336 5 0 1 0 0 MEMBERSHIP DUES & ASSESSMENTS 713910 4382256 4382256 CART RENTAL & GREEN FEES 713910 747545 701689 45856 PRO AM TOURNAMENT 713910 91620 50725 40895 5221421 32422 32422 96195 45192 51003 51003 51003 2599437 1277476 1321961 1240121 81840 MISCELLANEOUS 713910 89537 89537 89537 6716344 6464328 201013 51003 3133431 780982 10605 1188777 212569 GOLF COURSE MAINTENANCE 798632 FOOD & BEVERAGE EXPENSE 303724 CLUBHOUSE 255692 ADMINISTRATIVE AND GENE 200445 627212 7512069 307177 684568 719399 700895 221811 262808 166498 198509 22871177 13361101 9886998 9510076 517647 104966 173197 11406849 12047700 1290253 1569864 173862 133141 1464115 1703005 X 9942734 10344695 9942734 10344695 11406849 12047700 X -795725 1197686 X X 0 1 X 1 0 1121735 1121735 8980564 4608448 4372116 3745088 1444941 2300147 9023790 7307712 1716078 9510076 FINANCE LEASE OBLIGATION 111131 OPERATING LEASE OBLIGATION 22010 133141 X 7902200 0 7902200 -1185856 -1185856 6716344 8700144 1277476 1277476 7422668 89401 89401 7512069 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITION AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,277,476. PRO AM TOURNAMENT INCOME 91,620. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,277,476. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRO AM EXPENSE 89,401. X X X 0 0 0 TIMOTHY STRALEY GENERAL MANAGER 165794 0 3000 0 6500 0 3622 0 28101 0 207017 0 0 0 R SHANE WRIGHT GOLF COURSE SUPERINTENDENT 137952 0 3000 0 2805 0 2805 0 28101 0 174663 0 0 0 BRUCE MEIER EXECUTIVE CHEF 140368 0 3000 0 2120 0 2120 0 11357 0 158965 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: REGULAR AND PREMIER GOLFING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO MEMBERSHIP APPROVAL: BY-LAW AMENDMENTS AND PROPOSITIONS, GENERAL ASSESSMENTS THAT EXCEED 10% OF THE MEMBER ANNUAL DUES, CAPITAL ASSESSMENT INCREASES OR NEW THAT CREATE INDEBTEDNESS BY BORROWING MONIES BEYOND 20% OF TOTAL CLUB ASSETS, AND MAKE ANY COMMITMENT OR INCUR INDEBTEDNESS REQUIRING EXPENDITURE IN EXCESS OF $250,000. 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, GENERAL MANAGER, AND TREASURER. THE CONTROLLER AND TREASURER REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 IN ORDER TO DETERMINE THE COMPENSATION OF THE GENERAL MANAGER AND KEY EMPLOYEES, THE CLUB USES COMPENSATION DATA OF SIMILAR QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR CLUBS. THE COMPENSATION MUST ALSO BE REVIEWED AND APPROVED BY THE BOARD MEMBERS. 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 CLUB PROVIDES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: PRO AM TOURNAMENT NOT RECORDED ON BOOKS -2,219. INITIATION FEES 598,750. CAPITAL ASSESSMENTS 601,155. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR