2024-08-14T13:52:24-05:00 2023-09-30 721396621 CARR RIGGS & INGRAM LLC 3300 PGA BOULEVARD STE 700 PALM BEACH GARDENS FL 33410 990 2022-10-01 592237861 THE MOORINGS CLUB INC THEM 7722311004 100 HARBOUR DRIVE VERO BEACH FL 32963 CRAIG L LOPES GENERAL MANAGER/CEO 7722311004 2024-08-12 1 1 JOSEPH RISSE P00708318 5614270300 2024-08-12 2022 2024-08-08 14:25:15Z CRAIG L LOPES 100 HARBOUR DRIVE VERO BEACH FL 32963 47492454 0 X N/A X 1982 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 327 9 729466 500208 0 0 11789396 12845403 53060 -46160 2422919 2567237 14265375 15366480 0 0 0 0 8237506 9459027 0 0 0 7568891 8249601 15806397 17708628 -1541022 -2342148 58021734 60949800 11610148 12449115 46411586 48500685 THE MOORINGS CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE INTERACTION OF MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES FOOD, BEVERAGE, GOLF, TENNIS, FITNESS, SPA, AND DOCK FACILITIES AND SERVICES TO APPROXIMATELY 1,000 MEMBERS. 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 1 0 0 1 135 0 1 327 1 1 1 0 0 0 1 1 0 399075 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X NOELLE CASHMAN 7722311004 100 HARBOUR DRIVE VERO BEACH FL 32963 CHESTER KALETKOWSKI GOVERNOR 1.00 X 0 0 0 JEB BITTNER VICE PRESIDENT 1.00 X X 0 0 0 SHANNA MACNELLY SECRETARY 1.00 X X 0 0 0 DALE KEYSER TREASURER 1.00 X X 0 0 0 JIM FULMER ASSISTANT TREASURER 1.00 X X 0 0 0 JULIE GOODRICH GOVERNOR 1.00 X 0 0 0 KATE SCHMIDT GOVERNOR 1.00 X 0 0 0 RANDY SONES GOVERNOR 1.00 X 0 0 0 CHRIS JOHNS PRESIDENT 1.00 X X 0 0 0 CRAIG L LOPES GENERAL MANAGER 45.00 X 328118 0 17019 NOELLE CASHMAN FINANCE DIRECTOR 45.00 X 187685 0 19133 WILLIAM WEYANDT GOLF COURSE SUPERINTENDENT 40.00 X 173347 0 21239 SCOTT CAMPBELL GCM SUPERINTENDENT 40.00 X 120794 0 10187 URSULA GUNTER MEMBERSHIP DIRECTOR 40.00 X 145954 0 15529 CORY MAGGART FACILITIES DIRECTOR 40.00 X 124642 0 17908 TIMOTHY CLINTON EXECUTIVE CHEF 40.00 X 131735 0 25601 1212275 0 126616 7 0 1 0 TIDELINE STAFFING LLC PO BOX 823461 PHILADELPHIA PA 191823523 STAFFING COMPANY 322781 COLBERG COMM CLEANING 14755 89TH STREET FELLSMERE FL 32948 CLEANING SERVICES 117632 TEE-OFF TEMPS - FELLSMERE PO BOX 7971 CAROL STREAM IL 601977971 STAFFING COMPANY 115309 3 MEMBERSHIP DUES 713910 10046564 10046564 GOLF INCOME 713910 1711078 1666516 44562 FITNESS INCOME 611600 439886 438358 1528 TENNIS INCOME 611600 274031 272949 1082 SPA INCOME 812900 228022 223238 4784 145822 145822 12845403 39155 39155 44995 0 44995 44995 44995 29500000 85863 29072320 598858 427680 -512995 -85315 427680 -512995 4861374 2454796 2406578 2240898 165680 OTHER INCOME 713910 115664 115664 115664 15366480 15150009 729466 -512995 606141 6924860 114191 1813835 489653 2220207 771017 GOLF COURSE MAINTENANCE 1418068 GENERAL & ADMINISTRATIV 694322 CLUBHOUSE & GROUNDS MAI 668913 GOLF OPERATIONS 581648 1405773 17708628 315421 94004 17665010 20843828 1638719 2173834 632903 719309 397769 663440 58462143 22006758 37371912 36455385 58021734 60949800 1674016 1444875 8743316 10029700 1192816 974540 11610148 12449115 X 46411586 48500685 46411586 48500685 58021734 60949800 X -2342148 12688 4418559 X X 0 1 X 1 0 11048257 11048257 24956146 10156172 14799973 11358426 5806319 5552107 10575347 6044267 4531081 523967 523967 36455385 MEMBERSHIP DEPOSITS 676280 MEMBERS PREPAYMENTS ON ACCOUNT 298260 974540 X 18346959 12688 12688 18334271 -2967791 -2967791 15366480 20676419 2967791 2967791 17708628 0 17708628 PART X, LINE 2: 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 DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF SEPTEMBER 30, 2023, 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 FISCAL YEARS PRIOR TO 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -2,454,796. LOSS ON PROPERTY AND EQUIPMENT -512,995. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,454,796. LOSS ON PROPERTY AND EQUIPMENT 512,995. X X X X 0 0 0 CRAIG L LOPES GENERAL MANAGER 278118 0 50000 0 0 0 3938 0 13081 0 345137 0 0 0 NOELLE CASHMAN FINANCE DIRECTOR 153685 0 34000 0 0 0 1989 0 17144 0 206818 0 0 0 WILLIAM WEYANDT GOLF COURSE SUPERINTENDENT 158447 0 11000 0 3900 0 2261 0 18978 0 194586 0 0 0 URSULA GUNTER MEMBERSHIP DIRECTOR 111954 0 34000 0 0 0 1577 0 13952 0 161483 0 0 0 TIMOTHY CLINTON EXECUTIVE CHEF 119635 0 11500 0 600 0 1126 0 24475 0 157336 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION HAS CHANGED THE MAXIMUM AMOUNT OF MEMBERS OF 1,075 TO 1,050 MEMBERS. THE ORGANIZATION HAS CHANGED THE MAXIMUM AMOUNT OF EXPENDITURES FOR CAPITAL PROJECTS IN ANY ONE (1) FISCAL YEAR FROM TEN PERCENT (10%) OF ANNUAL DUES TO $1,750,000 WITHOUT MEMBERSHIP APPROVAL. 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 MEMBER CATEGORIES HAVE VOTING PRIVILEGES: FULL (4 VOTES), GOLF (3 VOTES), CLUB (TENNIS) (2 VOTES), AND SOCIAL (1 VOTE). ALL HAVE VOTING RIGHTS ON MATTERS PERTAINING TO THEIR MEMBERSHIP CATEGORY. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF GOVERNORS IS RESTRICTED TO EXPENDITURES NOT TO EXCEED $1,750,000 FOR ANY ONE (1) CAPITAL PROJECT IN ANY ONE (1) FISCAL YEAR UNLESS APPROVED BY A MAJORITY VOTE OF THE MEMBERS. THIS RESTRICTION APPLIES TO SPENDING RELATED TO NEW CONSTRUCTION, EXPANSION OF EXISTING FACILITIES, OR CHANGE IN THE ACTIVITY PROGRAM OF THE CLUB, BUT THEY DO NOT APPLY TO EQUIPMENT PURCHASES, NORMAL MAINTENANCE, COMPLIANCE WITH GOVERNMENT REGULATIONS, MEETING EMERGENCIES, NOR DO THEY APPLY IN RESPECT OF PROJECTS FUNDED IN WHOLE OR IN PART BY CAPITAL ASSESSMENTS APPROVED BY VOTE OF THE ASSESSED MEMBERS IN ACCORDANCE WITH ARTICLE XII. ASSESSMENTS FOR CAPITAL PURPOSES MAY BE MADE ONLY AFTER BEING APPROVED BY A MAJORITY OF THE MEMBERSHIP VOTES CAST IN PERSON OR BY PROXY. THE BOARD SHALL BE EMPOWERED TO APPORTION ANY SUCH ASSESSMENT AMONG ALL OR CERTAIN OF THE CLASSES OF MEMBERSHIP AS IT DEEMS FAIR AND EQUITABLE AND TO DESIGNATE WHICH ARE THE AFFECTED CLASSES ENTITLED TO VOTE THEREON. AN INFORMATIONAL MEETING OF THE MEMBERS WILL BE HELD PRIOR TO ANY VOTE. 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 TREASURER, GENERAL MANAGER, AND DIRECTOR OF FINANCE. THE TREASURER, GENERAL MANAGER, AND DIRECTOR OF FINANCE REVIEW THE ENTIRE FORM 990 WITH ITS OUTSIDE CPA PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C MANAGERS AND GOVERNORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS APPOINTED ANNUALLY BY THE PRESIDENT OF THE BOARD OF GOVERNORS AND INCLUDES THE TREASURER, GENERAL MANAGER, DIRECTOR OF FINANCE AND HUMAN RESOURCES ALONG WITH 1-2 ADDITIONAL MEMBERS OF THE CLUB WHO ARE OR HAVE SERVED ON THE BOARD. AT LEAST ANNUALLY, THE DIRECTOR OF FINANCE PROVIDES THE COMMITTEE WITH CURRENT AND HISTORICAL PAYROLL AND BENEFITS DATA, AS WELL AS INDUSTRY COMPS FOR EACH PRINCIPAL DEPARTMENT MANAGER. POSITIONS INCLUDE DIRECTORS OF GOLF, TENNIS, FITNESS, FINANCE, HUMAN RESOURCES, FACILITIES, MEMBERSHIP, GOLF MAINTENANCE, EXECUTIVE CHEF, AND GENERAL MANAGER. OTHER SECOND TIER MANAGEMENT POSITIONS ARE CONSIDERED FROM TIME TO TIME. 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 HAS COPIES OF ITS GOVERNING DOCUMENTS AVAILABLE FOR INSPECTION AT THE CLUB. THE CLUB DOES NOT MAKE COPIES OF ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CLUB HAS COPIES OF THE CONFLICT OF INTEREST POLICY AVAILABLE FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS 2,952,312. MEMBERSHIP CERTIFICATES ISSUED 664,000. MEMBERSHIP CERTIFICATES REDEEMED -518,807. WRITE-OFFS OF DELINQUENT MEMBERS 14,508. CAPITAL ASSESSMENTS 1,299,546. DONATED CAPITAL 7,000. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE'S RESPONSIBILITIES AND PROCESSES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PREVIOUS YEAR. THE MOORINGS EDUCATIONAL FOUNDATION 100 HARBOUR DRIVE VERO BEACH FL 32963 263092901 POST SECONDARY EDUCATIONAL GRANTS FL 501(C)(3) LINE 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0