2024-08-06T13:11:17-05:00 2023-12-31 430765316 RUBINBROWN LLP 1900 16TH STREET SUITE 1700 DENVER CO 80202 990 2023-01-01 840966000 COUNTRY CLUB AT CASTLE PINES INC COUN 3036887400 6400 COUNTRY CLUB DRIVE CASTLE ROCK CO 80108 RICK EARL CFO 3036887400 2024-08-02 1 1 KIMBERLY A RYAN P00829977 3036981883 2023 2024-08-08 14:25:15Z RICK EARL 6400 COUNTRY CLUB DRIVE CASTLE ROCK CO 80108 14501325 0 X WWW.CCATCASTLEPINES.COM X 1984 CO THE PURPOSE OF THE CLUB IS TO OPERATE AS A PRIVATE, NONPROFIT, SOCIAL AND RECREATIONAL CLUB WITHIN THE MEANING OF SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE (THE "CODE"). 9 9 235 65 169025 0 9624832 9199663 3256977 4713020 -143201 -12937 11418 59678 12750026 13959424 0 0 0 0 5705329 6894318 0 0 0 5702041 7344073 11407370 14238391 1342656 -278967 40042852 39745998 15838987 15848851 24203865 23897147 THE PURPOSE OF THE CLUB IS TO OPERATE AS A PRIVATE, NONPROFIT, SOCIAL AND RECREATIONAL CLUB WITHIN THE MEANING OF SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE (THE "CODE"). 0 0 THIS IS A SOCIAL CLUB OPERATING FOR THE MEMBERS. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 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 17 0 235 1 1 1 0 0 0 0 2030658 168268 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X RICK EARL CFO 3036606808 6400 COUNTRY CLUB DRIVE CASTLE ROCK CO 80108 FRANK SEGRAVE PRESIDENT 5.00 X X 0 0 0 RICHARD GILBERT VICE PRESIDENT 5.00 X X 0 0 0 MATT O'NEILL TREASURER 5.00 X X 0 0 0 MARCY BLAIR SECRETARY 5.00 X X 0 0 0 JACK VICKERS III FOUNDING MEMBER 5.00 X 0 0 0 DON BECK DIRECTOR 5.00 X 0 0 0 DAN EZRA DIRECTOR 5.00 X 0 0 0 MICHAEL MYERS DIRECTOR 5.00 X 0 0 0 TODD PORCH DIRECTOR 5.00 X 0 0 0 PERRY KENNEY CHIEF OPERATING OFFICER 50.00 X 233077 0 0 RICHARD EARL CHIEF FINANCIAL OFFICER 50.00 X 144554 0 12651 JAMES TERRY ASST GENERAL MANAGER 50.00 X 189695 0 26240 SEAN MCCUE DIRECTOR OF GROUNDS (THRU 6/23) 50.00 X 180658 0 18809 CHRISTOPHER LEWICKI DIRECTOR OF SALES AND MARKETING 50.00 X 176425 0 21483 CADE HASSEL DIRECTOR OF GOLF 50.00 X 148147 0 29329 LANCE LAUER DIRECTOR OF GROUNDS (AS OF 6/23) 50.00 X 144967 0 7248 1217523 0 115760 8 0 1 0 0 8686505 513158 9199663 FOOD FEES AND SALES 713910 3096533 3028098 68435 GOLF FEES AND SALES 713910 1552147 1452314 99833 LOCKER ROOM 713910 64240 64240 MEMBER EVENT CHARGES 713910 100 100 4713020 757 757 13694 -13694 -13694 -13694 486055 528207 -42152 -42152 TENNIS REVENUES 713910 35594 35594 MISCELLANEOUS REVENUE 713910 32738 32738 POOL REVENUES 713910 24145 24145 9353 9353 101830 13959424 4604430 169025 -13694 390282 5011365 63176 918551 510944 123246 6560 36380 425542 11126 13710 561315 2305188 165482 FOOD AND BEVERAGE EXPEN 1659542 CLUBHOUSE EXPENSE 932487 PROPERTY TAXES 332652 GROUNDS MAINTENANCE 302274 468569 14238391 1057959 1389736 880708 1317578 270801 439697 53744 142531 47619168 13391141 35504562 34228027 481074 481074 1794004 1747355 40042852 39745998 1349862 1568777 479642 663402 14009483 13616672 15838987 15848851 X 0 0 0 0 24203865 23897147 24203865 23897147 40042852 39745998 X -278967 -27751 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3974056 3974056 29181042 5766058 23414984 10511888 5723748 4788140 3951457 1901335 2050122 725 725 34228027 X 14487631 528207 528207 13959424 0 13959424 14766598 528207 528207 14238391 0 14238391 PART X, LINE 2: IN 2007, THE COUNTRY CLUB APPLIED FOR AND RECEIVED TAX-EXEMPT STATUS AS A 501(C)(7) ORGANIZATION UNDER THE INTERNAL REVENUE CODE (IRC). PREVIOUSLY, THE COUNTRY CLUB WAS A TAXABLE ORGANIZATION UNDER IRC 277 WHERE MEMBER- AND NONMEMBER-RELATED OPERATIONS WERE SUBJECT TO INCOME TAXES, IF PROFITABLE. AS PART OF THIS CONVERSION, NET OPERATING LOSS CARRY-FORWARDS ARE AVAILABLE AS OF BOTH DECEMBER 31, 2023 AND 2022 TO OFFSET FUTURE NONMEMBER INCOME. SINCE THERE IS NO ASSURANCE THAT FUTURE TAXABLE INCOME WILL BE GENERATED, A VALUATION ALLOWANCE HAS BEEN ESTABLISHED FOR THE FULL AMOUNT OF THE NET OPERATING LOSS CARRY-FORWARDS. AS A TAX-EXEMPT ORGANIZATION, CERTAIN INTEREST INCOME AND NONMEMBER REVENUE IS CONSIDERED TAXABLE. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION DID NOT INCUR TAXES ON UNRELATED TAXABLE BUSINESS ACTIVITIES IN 2023 AND 2022. THE CLUB EVALUATES ITS TAX POSITIONS TAKEN AND BELIEVES NONE ARE CONSIDERED TO BE UNCERTAIN. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD 528,207. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD 528,207. X X 1 0 0 PERRY KENNEY CHIEF OPERATING OFFICER 223077 0 10000 0 0 0 0 0 0 0 233077 0 0 0 JAMES TERRY ASST GENERAL MANAGER 169760 0 19935 0 0 0 0 0 26240 0 215935 0 0 0 SEAN MCCUE DIRECTOR OF GROUNDS (THRU 6/23) 104566 0 26092 0 50000 0 0 0 18809 0 199467 0 0 0 CHRISTOPHER LEWICKI DIRECTOR OF SALES AND MARKETING 87862 0 88563 0 0 0 0 0 21483 0 197908 0 0 0 CADE HASSEL DIRECTOR OF GOLF 129615 0 17000 0 1532 0 0 0 29329 0 177476 0 0 0 RICHARD EARL CHIEF FINANCIAL OFFICER 124748 0 19806 0 0 0 0 0 12651 0 157205 0 0 0 LANCE LAUER DIRECTOR OF GROUNDS (AS OF 6/23) 137036 0 7931 0 0 0 0 0 7248 0 152215 0 0 0 PART I, LINE 4A SEAN MCCUE - $50,000 PART I, LINE 6 "NET FROM OPERATIONS" BONUSES ARE ACCRUED FOR THE EXECUTIVE MANAGEMENT TEAM. THOSE RANGE FROM $5,000 TO $10,000 PER PERSON FOR THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE VAST MAJORITY OF THE CLUB'S MEMBERS ARE VOTING MEMBERS WHOSE PRIMARY FUNCTION IS TO ELECT DIRECTORS AT THE ANNUAL MEETING PER THE PROCESSES OUTLINED IN THE CLUB BYLAWS. THERE ARE A SMALL NUMBER OF NON-VOTING MEMBERSHIPS, WHICH INCLUDE NON-RESIDENT MEMBERSHIPS, CORPORATE MEMBERSHIPS, AND SOCIAL MEMBERSHIPS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS INCLUDE THE FOLLOWING: (1) REGULAR MEMBERS, WHO ARE ENTITLED TO FULL PRIVILEGES; (2) ONE FOUNDER MEMBER; AND ONE PRE - 2016 JUNIOR MEMBERS, WHO ARE MEMBERS WITH FULL PRIVILEGES BUT ARE UNDER A SPECIFIC AGE. IN ORDER TO BE ELIGIBLE TO VOTE, A VOTING MEMBER MUST BE IN GOOD STANDING IN REGARDS TO THE PAYMENT OF ANY CLUB OBLIGATIONS AND INITIATION FEES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS ARE SUBJECT TO THE APPROVAL OF THE VOTING MEMBERS OF THE CLUB: (1) THE ELECTION AND REMOVAL OF DIRECTORS; (2) AN INCREASE OR DECREASE IN THE MEMBERSHIP NUMBER; (3) LARGE CAPITAL EXPENDITURES; (4) LARGE REAL ESTATE TRANSACTIONS; (5) CERTAIN ASSESSMENTS; (6) A MERGER OF THE CLUB WITH OR INTO ANOTHER ENTITY; (7) THE SALE OR DISSOLUTION OF THE CLUB; AND (8) AMENDING THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 IN DETAIL AND THEN PROVIDES A COMPLETE COPY TO THE PRESIDENT BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL MANAGER REVIEWS THE CONFLICT OF INTEREST POLICY. HE THEN FOCUSES ON AND REVIEWS THE POLICY WITH MANAGERS AND MEMBERS SERVING THE CLUB, INCLUDING THE BOARD OF DIRECTORS. AFTER THESE REVIEWS, HE THEN PROVIDES A REPORT DURING A REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE GENERAL MANAGER AND THE DEPARTMENT HEADS IS DETERMINED BY THE COMPENSATION COMMITTEE, WHICH IS A THREE-MEMBER SUB-COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE'S PROCESS OF SETTING COMPENSATION INCLUDES GATHERING INDUSTRY COMPENSATION DATA. THIS INFORMATION IS COMPARED TO THE MANAGERS' CURRENT COMPENSATION, THEN IS RANKED ACCORDINGLY AND USED TO ASSIST IN DETERMINING THE PROPOSED NEW COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: NEW MEMBER INITIATION FEE 196,648. REFUNDS AND FORFEITURES OF EQUITY OF RESIGNED MEMBERS -246,701. REFUNDS AND FORFEITURES OF SUBSCRIPTION FEES FOR RESIGNED MEMBERS -52,000. ADJUSTMENT FOR CHANGE IN SCHOLARSHIP FOUNDATION EQUITY 74,302. PART XII LINE 2C THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.