2024-02-15T14:25:11-06:00 2023-03-31 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-04-01 581747071 ST IVES COUNTRY CLUB INC STIV 7706231239 ONE ST IVES COUNTRY CLUB DRIVE DULUTH GA 30097 PATRICK O'KEEFE GM/SECRETARY 7706231239 2024-02-12 PATRICK OKEEFE 999009999 0 GARY H BOTELER P00052048 7703948000 2024-02-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK O'KEEFE ONE ST IVES COUNTRY CLUB DRIVE DULUTH GA 30097 11739285 0 X WWW.STIVESCOUNTRYCLUB.ORG X 1987 GA TO DELIVER THE HIGHEST QUALITY ATHLETIC, RECREATIONAL, AND SOCIAL EXPERIENCES AVAILABLE TO OUR MEMBERS. TO DELIVER A DIVERSE, ENJOYABLE AND CHALLENGING RANGE OF ACTIVITIES FOR ALL MEMBERS. TO OPERATE THE MOST SUCCESSFUL AND HIGHLY REGARDED MEMBER-OWNED CLUB IN METRO ATLANTA. 7 7 218 0 1017388 719 1181398 0 7250736 7701846 651 8852 2264110 2371239 10696895 10081937 0 0 0 0 4369752 4577777 0 0 0 4526263 4797206 8896015 9374983 1800880 706954 14181586 14753926 4563251 4428637 9618335 10325289 X TO DELIVER THE HIGHEST QUALITY ATHLETIC, RECREATIONAL, AND SOCIAL EXPERIENCES AVAILABLE TO OUR MEMBERS. TO DELIVER A DIVERSE, ENJOYABLE AND CHALLENGING RANGE OF ACTIVITIES FOR ALL MEMBERS. TO OPERATE THE MOST SUCCESSFUL AND HIGHLY REGARDED MEMBER-OWNED CLUB IN METRO ATLANTA. 0 0 FULL SERVICE GOLF AND COUNTRY CLUB: GOLF, TENNIS, SWIMMING, AND DINING FACILITIES. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 218 1 1 1 0 0 0 1 1 1975003 1311975 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X JOHN BRESCIA 7706231239 ONE ST IVES COUNTRY CLUB DRIVE DULUTH GA 30097 BOB CLARK PRESIDENT 1.00 X X 0 0 0 DANIEL P DIMAGGIO TREASURER 1.00 X X 0 0 0 AMANDA BEATON VICE PRESIDENT 1.00 X 0 0 0 LEEANN BERNER DIRECTOR 1.00 X 0 0 0 STEPHEN JORDAN DIRECTOR 1.00 X 0 0 0 KIRVEN BRANTLEY DIRECTOR 1.00 X 0 0 0 ROBERT SMITH DIRECTOR 1.00 X 0 0 0 JOHN BRESCIA FINANCIAL DIRECTOR 55.00 X X 130170 0 6293 DENNIS M GOUDY DIRECTOR 1.00 X 0 0 0 MIKE DAVIS EXECUTIVE DIRECTOR 55.00 X 117753 0 11428 MELISSA FURBISH DIRECTOR OF MEMBERSHIP 55.00 X 115753 0 6212 TIM BUSEK GOLF COURSE SUPERINTENDENT 55.00 X 130141 0 11034 GREG VOLLE EXECUTIVE CHEF 55.00 X 103334 0 13325 597151 0 48292 5 0 0 0 0 MEMBERSHIP DUES 713910 3804068 3804068 GOLF REVENUE 713910 1828343 1355672 472671 CAPITAL ASSESSMENTS 713910 1357360 1357360 INITIATION FEES 713910 617643 617643 LOCKER ROOM REVENUE 713910 47932 47932 46500 32501 13999 7701846 9035 9035 393126 393309 -183 -183 -183 3435815 1264039 2171776 1650093 521683 MISCELLANEOUS INCOME 900099 158382 158382 LATE FEES 900099 41081 41081 199463 10081937 9064732 1017388 -183 244741 3512896 516225 303915 793952 436698 587565 7812 20146 1122994 36020 TOURNAMENTS 445684 FERTILIZERS AND CHEMICA 303127 MEMBER RELATIONS AND PR 264971 REPAIRS AND MAINTENANCE 231278 546959 9374983 2092388 903120 877371 833342 345738 365692 176794 170640 31721470 20281104 10689295 11440366 1004119 0 36647 14181586 14753926 1079411 951771 740132 692788 2281765 2023557 294822 596493 167121 164028 4563251 4428637 X 9618335 10325289 9618335 10325289 14181586 14753926 706954 0 X X 0 1 X 1 0 1793652 1793652 10288359 6359095 3929264 14114830 10624149 3490681 5332951 3297860 2035091 191678 191678 11440366 SECURITY DEPOSITS 164028 164028 X 11345976 1264039 1264039 10081937 0 10081937 10639022 1264039 1264039 9374983 0 9374983 PART X, LINE 2: UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, THE CLUB IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM NONMEMBER FOOD AND BEVERAGE REVENUE AS WELL AS INVESTMENT INCOME. SUCH TAXES ARE TYPICALLY NOT SIGNIFICANT AND ARE NETTED AGAINST OTHER INCOME IN THE STATEMENT OF ACTIVITIES AND CHANGES IN MEMBERS' EQUITY. THE CLUB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF MARCH 31, 2023 AND 2022, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,264,039. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,264,039. FORM 990, PART VI, SECTION A, LINE 6 ST IVES COUNTRY CLUB IS A PRIVATE, MEMBER OWNED FACILITY. THERE ARE TWO MAJOR CLASSES OF MEMBERS, EQUITY MEMBERS AND NON-EQUITY MEMBERS. MEMBERS WHO PURCHASE A REDEEMABLE, PARTIALLY REDEEMABLE OR NON-REDEEMABLE MEMBERSHIP CERTIFICATE ARE DEEMED "EQUITY" MEMBERS. THEY ARE ENTITLED TO VOTE, HOLD OFFICE, SERVE ON CLUB COMMITTEES AND SHARE IN LIQUIDATION PROCEEDS. MEMBERS WHO ARE NOT ENTITLED TO VOTE, HOLD OFFICE, OR SHARE IN LIQUIDATION PROCEEDS AND WHO HAVE NOT PURCHASED A REDEEMABLE OR PARTIALLY REDEEMABLE MEMBERSHIP CERTIFICATE ARE DEEMED "NON-EQUITY" MEMBERS. NON-EQUITY MEMBERS ARE ENTITLED TO SERVE ON THE CLUB COMMITTEES, BUT SUBJECT TO LIMITATIONS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS TO A THREE (3) YEAR TERM TO MAKE DECISIONS ON BEHALF OF THE ENTIRE MEMBERSHIP. SOME DECISIONS, AS OUTLINED IN THE BYLAWS REQUIRE A VOTE OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE EQUITY MEMBERS HAVE THE RIGHT TO RATIFY SIGNIFICANT DECISIONS MADE BY THE BOARD MEMBERS. EXAMPLES OF THESE SIGNIFICANT DECISIONS COULD INCLUDE THE APPROVAL OF GOING INTO DEBT OF MORE THAN A SPECIFIED AMOUNT AND APPROVAL OF RAISING DUES MORE THAN 10% IN A GIVEN YEAR. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, THE FORM IS FIRST REVIEWED BY THE CLUB CONTROLLER FOR ACCURACY. THE FORM IS THEN PRESENTED TO THE BOARD AND REVIEWED BY THE EXECUTIVE COMMITTEE (PRESIDENT, VICE PRESIDENT, TREASURER, AND COO) AND THEN SIGNED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH MEMBER OF THE LEADERSHIP TEAM AND ANY CANDIDATE FOR ELECTION TO THE BOARD OF DIRECTORS SHALL BE REQUIRED TO COMPLETE A LEADERSHIP TEAM DISCLOSURE STATEMENT. IN CONNECTION THEREWITH, IF THERE IS ANY QUESTION IN THE MEMBER OF THE LEADERSHIP TEAM'S MIND ABOUT WHETHER OR NOT TO DISCLOSE HIS OR HER INTEREST IN A TRANSACTION OR ARRANGEMENT, THE MEMBER OF THE LEADERSHIP TEAM SHOULD DISCLOSE THE INTEREST. THE ANNUAL STATEMENT WILL AFFIRM THAT EACH MEMBER OF THE LEADERSHIP TEAM HAS RECEIVED A COPY OF THE CONFLICT-OF-INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CLUB IS A TAX EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE COO, BOARD OF DIRECTORS, AND OR HIRING COMMITTEE CAN DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS AND KEY EMPLOYEES. COMPENSATION COMPARISONS ARE CONDUCTED VIA CLUB COMPARISON AGENCIES. THE COO IS RESPONSIBLE FOR APPROVING THIS. FORM 990, PART VI, SECTION C, LINE 19 COPY AVAILABLE UPON REQUEST IN PERSON OR BY MAIL. FORM 990, PART XII, LINE 2C: THE PROCESS OF SELECTING THE AUDIT PROCEDURE DID NOT CHANGE FROM PREVIOUS YEAR.