2024-04-24T14:07:12-04:00 2023-12-31 541247987 BROCKMAN DRINKARD & PENNINGTON PC 104 ARCHWAY CT LYNCHBURG VA 24502 990 2023-01-01 540145640 BOONSBORO COUNTRY CLUB BOON 4343842111 P O BOX 805 LYNCHBURG VA 24505 J TODD SCRUGGS FIN CHAIR / TREAS 4343842111 2024-04-24 true CABELL DUDLEY XXX-XX-XXXX true TIMOTHY A BLANKS P00111139 4348468458 2024-04-24 2023 2023-04-26 12:10:37Z CHARLES A EVANS 1616 LINDEN AVE LYNCHBURG VA 24503 8512566 false X WWW.BOONSBOROCC.COM X 1923 VA TO PROVIDE AN ATMOSPHERE FOR RECREATION, PLEASURE & ACTIVITIES FOR CLUB MEMBERS 16 16 85 511544 14167 0 4764127 5948246 3270 15167 1268830 1504528 6036227 7467941 0 0 2756186 3007333 0 0 3049825 3297543 5806011 6304876 230216 1163065 8224474 9425048 4133244 4282553 4091230 5142495 X TO PROVIDE AN ATMOSPHERE FOR RECREATION, PLEASURE & ACTIVITIES FOR CLUB MEMBERS false false TO PROVIDE AN ATMOSPHERE FOR MEMBER ACTIVITIES, RECREATION AND PLEASURE. TO PROVIDE AN ATMOSPHERE OF RECREATION, PLEASURE AND ACTIVITIES TO ITS CLUB MEMBERS false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 85 true true true false false false false false false false X 16 16 false false false false true true false true true false false false true true true true false true false false VA X VIKKI STERNE OFFICE ADMINISTRATOR 4343842111 P O BOX 805 LYNCHBURG VA 24503 X RICHARD BENDALL DIRECTOR X 0 0 0 STEVE BLICKENSTAFF DIRECTOR X 0 0 0 GORDON T CUDD VICE - PRES X 0 0 0 NORMAN DARDEN DIRECTOR X 0 0 0 PETER DOYLE DIRECTOR X 0 0 0 CHARLES A EVANS PRES X 0 0 0 ELIZABETH GILL DIRECTOR X 0 0 0 KATHLEEN S GRAVES DIRECTOR X 0 0 0 G EDGAR DAWSON III DIRECTOR - S X 0 0 0 EARL M WEAVER JR DIRECTOR X 0 0 0 ERIC J SORENSON JR DIRECTOR X 0 0 0 JASON LANDES DIRECTOR X 0 0 0 JOHN A OWEN DIRECTOR X 0 0 0 GRETCHEN M PERKINS DIRECTOR X 0 0 0 J TODD SCRUGGS FIN CHAIR / X 0 0 0 SARAH STERNE DIRECTOR X 0 0 0 false false false DUES 713910 2982709 2982709 CAPITAL PROJECT ASSESSMENTS 713910 1165667 1165667 INITIATION FEES 713910 493635 493635 GOLF CART INCOME 713910 325261 325261 OTHER GOLF REVENUE 713910 260053 260053 720921 708205 12716 5948246 15167 15167 2205923 1044625 1161298 937690 223608 MISCELLANEOUS 309593 309593 MINIMUM SPENDING 26277 26277 FINANCE CHARGE 7360 7360 343230 7467941 6956397 511544 X 2608859 149010 249464 229894 35098 106655 679102 285487 TOURNAMENT EXPENSES 423723 EQUIP RENTALS 400886 MISCELLANEOUS 223635 SEEDS, FERTILIZER, SAND, 216427 696636 6304876 0 0 0 374603 892624 514929 602641 47002 57804 234356 241399 48319 34016 19649457 12358953 6675527 7290504 10634 9010 319104 297050 8224474 9425048 44699 409018 259158 307593 2728628 2434915 351715 344698 749044 786329 4133244 4282553 X 4091230 5142495 4091230 5142495 8224474 9425048 X 1163065 -111800 X false true X true false 109448 109448 10629870 5683089 4946781 4338116 3184462 1153654 4572023 3491402 1080621 7290504 PENDING STOCK REFUNDS 431100 ACCRUED LIABILITIES 201498 ROU LEASE LIABILITY 96748 CAPITAL LEASE OBLIGATIONS 56983 786329 X 7467941 7467941 7467941 6304876 6304876 6304876 SCHEDULE D, PAGE 3, PART X THE CLUB IS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE; HOWEVER, THE CLUB, AS A 501(C)(7) ORGANIZATION, IS RESPONSIBLE FOR FERDERAL AND STATE INCOME TAXES ON ITS GENERAL INVESTMENT INCOME AND REVENUE FROM NON-MEMBER SALES. THE CLUB INCURRED 3,647 AND 477 INCOME TAX EXPENSE FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, RESPECTIVELY. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY PROFESSIONAL STANDARDS REGARDING UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE CLUB HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. THE CLUB'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS INCLUDE ITS YEARS ENDING DECEMBER 31, 2020 THROUGH 2023. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 0 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 0 FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE AN ATMOSPHERE OF RECREATION, PLEASURE AND ACTIVITIES TO ITS CLUB MEMBERS FORM 990, PAGE 6, PART VI, LINE 6 BOONSBORO COUNTRY CLUB, INC. HAS MEMBERS WHO HAVE THE RIGHTS AND RESPONSIBILITIES AS RECORDED IN THE ORGANIZING DOCUMENTS FORM 990, PAGE 6, PART VI, LINE 7A THE CLUB MEMBERS ELECT MEMBERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED WITH THE CLUB'S EXECUTIVE COMMITTEE PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C BEGINNING OF EACH YEAR, BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. ANY NEW CONFLICTS DISCLOSED AT THIS POINT. FORM 990, PAGE 6, PART VI, LINE 15A APPROVAL OF THE CLUB MANAGER'S COMPENSATION PACKAGE IS ACCOMPLISHED AS PART OF THE BOARD OF DIRECTORS REVIEW AND APPROVAL OF THE ANNUAL OPERATING BUDGET. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E CLUB PROMOTIONS 170,920 0 0 SUPPLIES 126,868 0 0 GAS & FUEL 75,806 0 0 REAL ESTATE TAXES 69,285 0 0 LAUNDRY 59,418 0 0 PROFESSIONAL FEES 56,138 0 0 AMORTIZATION - GOLF CARTS 55,910 0 0 CHINA, SILVERWARE, ETC. 21,507 0 0 DUES & SUBSCRIPTIONS 13,996 0 0 POSTAGE 12,181 0 0 UNIFORMS 11,503 0 0 WASTE WATER PLANT 9,695 0 0 TAXES, OTHER 7,985 0 0 PRINTING 3,470 0 0 TRAINING 1,954 0 0 TOTAL 696,636 0 0 FORM 990, PART XI, LINE 9 PREFERRED STOCK ISSUED 36,600 NET CHANGE IN STOCK REC 0 REDEMPTION OF PREFERRED STOCK -139,200 NET CHANGE IN PFD STOCK REC -9,200 TOTAL -111,800