2024-11-14T11:50:04-06:00 2023-12-31 941585562 PISENTI & BRINKER LLP 3562 ROUND BARN CIRCLE SUITE 200 SANTA ROSA CA 95403 990 2023-01-01 141943437 FOUNTAINGROVE GOLF & ATHLETIC CLUB FOUN 7075213207 1525 FOUNTAINGROVE PARKWAY SANTA ROSA CA 95403 DONALD ZAUNER GENERAL MANAGER 7075213207 2024-11-11 1 1 BRETT BRADFORD P01962060 7075423343 2024-11-11 2023 2024-10-15 13:58:12Z DONALD ZAUNER 1525 FOUNTAINGROVE PARKWAY SANTA ROSA CA 95403 15755196 0 X WWW.FOUNTAINGROVEGOLF.COM X 2003 CA THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATIONARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 9 9 224 9 973140 563858 0 0 8330599 9299527 -2726378 489627 13544305 4842824 19148526 14631978 0 0 0 0 4800167 5026419 0 0 0 4167115 4327400 8967282 9353819 10181244 5278159 38325168 43793042 1159816 1349531 37165352 42443511 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED & OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE ORGANIZATION'S MISSION. 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 24 0 1 224 1 1 1 0 0 0 0 483667 408282 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X LAURA MOLINARI 7077013053 1525 FOUNTAINGROVE PARKWAY SANTA ROSA CA 95403 MARSHALL ANDREW PRESIDENT 3.00 X X 0 0 0 LINDA NOWACK SECRETARY 2.00 X X 0 0 0 RYAN BUXBAUM BOARD MEMBER 2.00 X 0 0 0 STUART CRANDALL BOARD MEMBER 2.00 X 0 0 0 VINNY BAGALA BOARD MEMBER 2.00 X 0 0 0 BRIAN RIGNEY VICE PRESIDENT 2.00 X X 0 0 0 ROBERT CHOVICK TREASURER 2.00 X X 0 0 0 MANUEL CHAVEZ BOARD MEMBER 2.00 X 0 0 0 MARLA JUROSEK BOARD MEMBER 2.00 X 0 0 0 RUSS BOND LEFT 012023 GENERAL MGR. 40.00 X 56629 0 1365 LAURA MOLINARI CFO/ASSISTANT GENERAL MA 40.00 X 186418 0 10054 E VANDER WERFF BEGAN 022023 GENERAL MGR. 40.00 X 215279 0 5286 JESSE G HALSTAD HEAD GOLF PROFESSIONAL 40.00 X 114628 0 0 ANDREW LINDLOFF GOLF COURSE SUPERINTENDENT 40.00 X 157047 0 7145 730001 0 23850 4 0 1 0 FACILITY DEVELOPMENT COMPANY LLC 5329 SKYLANE BLVD SANTA ROSA CA 95403 FACILITY DEVELOPMENT 1345802 MJS CONSTRUCTION AND RESTORATION 2318 GADS HILL ST SANTA ROSA CA 95401 CONSTRUCTION 128665 2 MEMBERSHIP DUES 713910 5026465 5026465 ATHLETIC OPERATIONS 713910 3096366 3066176 30190 GOLF OPERATIONS 713910 1147625 816395 331230 OTHER 713910 29071 29071 9299527 501796 501796 12169 -12169 -12169 -12169 1502490 1111049 391441 344579 46862 LEGAL SETTLEMENT 713910 4451383 4388321 63062 4451383 14631978 13658838 973140 0 753296 3475647 42740 395600 359136 162000 12499 63893 190318 21158 1227160 130742 736891 15524 14241 1111191 453024 TAX UBIT 188759 9353819 9582003 373418 12628336 212504 231450 266943 272326 108699 143288 34525039 4726693 28135019 29798346 20000 345878 38325168 43793042 685255 835569 51610 474561 462352 1159816 1349531 X 37165352 42443511 37165352 42443511 38325168 43793042 5278159 0 X X 0 1 X 1 0 956693 956693 26111699 3931497 22180202 2516296 378865 2137431 2765129 416331 2348798 2175222 2175222 29798346 124694 FINANCE LEASE LIABILITY 105443 OPERATING LEASE LIABILITY 232215 462352 X 11303813 0 11303813 3328165 3328165 14631978 10430330 1123218 1123218 9307112 46707 46707 9353819 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL TAXATION ON ITS NONPROFIT ACTIVITY OF PROVIDING GOLF AND RELATED RECREATION TO ITS MEMBERS UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). THE CLUB IS SUBJECT TO TAX ON NET INCOME UNRELATED TO ITS EXEMPT ACTIVITIES. THE CLUB ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") 740 "INCOME TAXES" WHICH REQUIRES AN ASSET AND LIABILITY APPROACH TO RECOGNIZE DEFERRED TAX ASSETS AND LIABILITIES FOR THE EXPECTED FUTURE TAX CONSEQUENCES OF TEMPORARY DIFFERENCES BETWEEN THE CARRYING AMOUNTS AND THE TAX BASES OF ASSETS AND LIABILITIES. TAX LAW AND RATE CHANGES ARE REFLECTED IN INCOME IN THE PERIOD SUCH CHANGES ARE ENACTED. ASC 740 PROVIDES GUIDANCE ON AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES THAT POSITIONS TAKEN ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. THE CLUB'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE OF FILING AND A PERIOD OF FOUR YEARS FOR CALIFORNIA TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON FORM 990, PART VIII, LINE 10B -1,111,049. LOSS ON BUILDING CONSTRUCTION REPORTED ON FORM 990, PART VIII, LINE 7D -12,169. LEGAL SETTLEMENT DETERMINED IN 2022, RECEIVED IN 2023, REPORTED ON FORM 990, PART VIII, LINE 11 4,451,383. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON FORM 990, PART VIII, LINE 10B 1,111,049. LOSS ON BUILDING CONSTRUCTION REPORTED ON FORM 990, PART VIII, LINE 7D 12,169. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEAR UBIT TAX PAID IN 2023, REPORTED ON FORM 990, PART IX, LINE 24 46,707. X 0 0 0 E VANDER WERFF BEGAN 022023 GENERAL MGR. 215279 0 0 0 0 0 0 0 5286 0 220565 0 0 0 LAURA MOLINARI CFO/ASSISTANT GENERAL MA 186418 0 0 0 0 0 0 0 10054 0 196472 0 0 0 ANDREW LINDLOFF GOLF COURSE SUPERINTENDENT 157047 0 0 0 0 0 0 0 7145 0 164192 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION OF THE DIRECTORS. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION FOUNTAINGROVE GOLF & ATHLETIC CLUB 1525 FOUNTAINGROVE PARKWAY SANTA ROSA, CA 95403 EMPLOYER IDENTIFICATION NUMBER: 14-1943437 FOR THE YEAR ENDING: DECEMBER 31, 2023 FOUNTAINGROVE GOLF & ATHLETIC CLUB IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER SECTION 1.263(A)-1(F). FORM 990, PART VI, SECTION A, LINE 3 THE CLUB ENTERED INTO AN AGREEMENT WITH TROON GOLF, LLC ("TROON") ON JANUARY 7, 2019 TO SUPERVISE AND DIRECT THE MANAGEMENT AND OPERATION OF THE CLUB FACILITIES. ON APRIL 1, 2019 ALL CLUB EMPLOYEES BECAME EMPLOYEES OF TROON. THE CLUB REIMBURSES TROON FOR ALL PAYROLL EXPENSES AND REPORTS THE REIMBURSEMENT AS SALARIES AND WAGES. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB OFFERS A LIMITED NUMBER OF MEMBERSHIPS IN DIFFERENT CATEGORIES. CLASSES OF MEMBERSHIP INCLUDE REGULAR, YOUNG EXECUTIVE, SENIOR, ATHLETIC, AND SOCIAL. REGULAR MEMBERS AND YOUNG EXECUTIVE MEMBERS ARE VOTING MEMBERS OF THE CLUB. VOTING MEMBERS HAVE THE RIGHT TO VOTE ON MATTERS AS DETERMINED BY THE BYLAWS AND THE BOARD, AND THEY ARE ELIGIBLE TO SERVE ON THE BOARD AND ITS COMMITTEES. ALL OTHER MEMBERSHIP CLASSES HAVE NO VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS SERVE STAGGERED TERMS SO THAT EVERY YEAR THREE DIRECTORS' SEATS BECOME AVAILABLE, WHILE SIX CARRY FORWARD. POLICIES ESTABLISHED BY THE BOARD ARE NOT SUBJECT TO MEMBER APPROVAL, BUT MEMBERS MUST APPROVE AMENDMENTS TO THE CLUB'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B A FIFTY PERCENT PLUS ONE VOTE OF THE VOTING MEMBERS AND AT LEAST TWO-THIRD OF THE DIRECTORS ARE REQUIRED TO AUTHORIZE OR APPROVE ANY OF THE FOLLOWING ACTIONS: A. REMOVING A DIRECTOR FROM OFFICE WITHOUT CAUSE B. FILLING VACANCIES ON THE BOARD UNDER THOSE CIRCUMSTANCES WHERE A VOTE OF THE MEMBER IS REQUIRED C. AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS D. APPROVING ANY CONTRACT OR TRANSACTION BETWEEN THE CLUB AND ONE OR MORE OF ITS DIRECTORS, OR BETWEEN THE CLUB AND ANY CORPORATION, FIRM OR ASSOCIATION OF WHICH ONE OR MORE OF ITS DIRECTORS HAS A MATERIAL FINANCIAL INTEREST E. VOTING UPON ANY PROPOSAL TO VOLUNTARILY DISSOLVE THE CLUB FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE RETURN WERE PROVIDED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MANAGEMENT PERSON ANNUALLY RECEIVES, SIGNS, AND DATES A STATEMENT WHICH AFFIRMS RECEIPT OF A COPY OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE MANAGEMENT COMPANY, TROON GOLF, LLC, IS RESPONSIBLE FOR FIXING ALL EMPLOYEE COMPENSATION AND THEIR BENEFITS. THE CLUB'S BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING, RETAINING AND DISCHARGING THE MANAGEMENT COMPANY. THE BOARD OF DIRECTORS WORKS WITH THE MANAGEMENT COMPANY TO DETERMINE THE GENERAL MANAGER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE OVERSIGHT OR SELECTION PROCESS FOR CHOOSING AN INDEPENDENT ACCOUNTANT.