2024-01-16T13:53:17-06:00 2023-02-28 581433845 FRAZIER & DEETER LLC 1230 PEACHTREE STREET NE SUITE 1500 ATLANTA GA 30309 990 2022-03-01 580659988 CHEROKEE TOWN AND COUNTRY CLUB INC CHER 4043651200 155 WEST PACES FERRY ROAD NW ATLANTA GA 30305 KRAIG GADSBY CFO 4043651200 2024-01-16 1 KRAIG GADSBY XXX-XX-XXXX 1 JASON W NELSON P01426650 4042537500 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRAIG GADSBY 155 WEST PACES FERRY ROAD NW ATLANTA GA 30305 57700561 0 X WWW.CHEROKEETCC.ORG X 1956 GA CHEROKEE TOWN AND COUNTRY CLUB WILL PROVIDE OUR MEMBERSHIP WITH SUPERIOR SOCIAL AND RECREATIONAL EXPERIENCES THROUGH THE FINEST STAFF PRESENTING THE BEST POSSIBLE SERVICES, AMENITIES, FACILITIES AND ACTIVITIES, CONSISTENT WITH PRUDENT FISCAL MANAGEMENT. CHEROKEE TOWN AND COUNTRY CLUB WILL MAINTAIN A SELECT AND LIMITED MEMBERSHIP OF COMPATIBLE INDIVIDUALS. 13 13 873 120 2292441 149190 0 0 32521781 37040407 67689 804512 11114511 12599627 43703981 50444546 0 0 0 0 21168993 24398874 0 0 0 19584269 20468897 40753262 44867771 2950719 5576775 70405206 75173945 13038789 12230753 57366417 62943192 X CHEROKEE TOWN AND COUNTRY CLUB WILL PROVIDE OUR MEMBERSHIP WITH SUPERIOR SOCIAL AND RECREATIONAL EXPERIENCES THROUGH THE FINEST STAFF PRESENTING THE BEST POSSIBLE SERVICES, AMENITIES, FACILITIES AND ACTIVITIES, CONSISTENT WITH PRUDENT FISCAL MANAGEMENT. CHEROKEE TOWN AND COUNTRY CLUB WILL MAINTAIN A SELECT AND LIMITED MEMBERSHIP OF COMPATIBLE INDIVIDUALS. 0 0 THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 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 91 0 873 1 1 1 0 0 0 1 1 9175564 3141196 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 GA X CHEROKEE TOWN AND COUNTRY CLUB INC 4043651240 155 WEST PACES FERRY ROAD NW ATLANTA GA 30305 CLAY SNELLINGS PRESIDENT 15.00 X X 0 0 0 EDWARD HOLMES VICE PRESIDENT 15.00 X X 0 0 0 ROB HOSTETTER SECRETARY 15.00 X X 0 0 0 ROB LARMORE TREASURER 15.00 X X 0 0 0 KEVIN MCGONIGLE DIRECTOR 10.00 X 0 0 0 BOB BUCK DIRECTOR 10.00 X 0 0 0 CHARLIE CRAWFORD DIRECTOR 10.00 X 0 0 0 SHATUL PARIKH DIRECTOR 10.00 X 0 0 0 BILL TUCKER DIRECTOR 10.00 X 0 0 0 ANDY BERG DIRECTOR 10.00 X 0 0 0 JOHN HERMAN DIRECTOR 10.00 X 0 0 0 WENDY THOMPSON DIRECTOR 10.00 X 0 0 0 SONNY COHEN DIRECTOR 10.00 X 0 0 0 MICHAEL S WHEELER CHIEF OPERATING OFFICER 60.00 X 573190 0 94101 MARK A MONGELL DIRECTOR OF GOLF 60.00 X 335456 0 26649 KEN B LEE DIRECTOR OF GOLF COURSE MA 60.00 X 308911 0 28650 TODD KELLY DIRECTOR OF CULINARY, FOOD 60.00 X 313171 0 35702 JOSHUA L AARONSON DIRECTOR OF TOWN CLUB OPER 60.00 X 196826 0 15490 ROLAND R TEKENBROEK TENNIS PROFESSIONAL 60.00 X 200824 0 28718 PETER S JONES GOLF PROFESSIONAL 60.00 X 156716 0 9743 KRAIG GADSBY CHIEF FINANCIAL OFFICER 60.00 X 285394 0 16161 ANTHONY J CORDES GOLF PROFESSIONAL 60.00 X 151414 0 22402 REGIE G PACOL MASSAGE THERAPIST 60.00 X 156261 0 25539 BENJAMIN J DASHIELL TENNIS PROFESSIONAL 60.00 X 140234 0 13030 JEWELL N DUNCAN GOLF PROFESSIONAL 60.00 X 150705 0 11209 JENELL L WILLIAMS CONTROLLER 60.00 X 137982 0 13465 MILOS VASOVIC DIRECTOR OF RACQUETS 60.00 X 143419 0 6911 ALFONSO D CERQUEDA FORMER EXECUTIVE CHEF 60.00 X 146852 0 8995 RACHEL M BELL FORMER DIRECTOR OF STRATEGIC COMMUNICATIONS 60.00 X 151051 0 4904 3548406 0 361669 16 1 1 0 0 X MEMBERSHIP FEES 713910 18293045 18293045 GOLF REVENUE 713910 6499270 5598738 900532 TENNIS REVENUE 713910 1328587 1295385 33202 FITNESS REVENUE 713910 1033609 1033609 LOCKER ROOM REVENUE 713910 593867 593867 9292029 9292029 37040407 160757 160757 10600 0 10600 10600 10600 664895 16408 4732 -16408 660163 643755 -16408 660163 16004374 7234875 8769499 7565741 1203758 OTHER INCOME 713910 3819528 3819528 3819528 50444546 47491942 2292441 660163 X 3960077 16642511 500130 1808432 1487724 45639 92644 30 1414465 149815 6972512 406997 GOLF EXPENSE 1808093 UTILITIES 1078679 REPAIRS AND MAINTENANCE 946608 ADMINISTRATIVE EXPENSE 919311 6634104 44867771 13201027 11062231 4392153 5972718 1980860 2466477 1596879 1573065 133475389 89601373 43987700 43874016 74487 10137518 5172100 87920 70405206 75173945 5985985 5884919 2323093 2569167 4729711 3776667 13038789 12230753 X 57366417 62943192 57366417 62943192 70405206 75173945 5576775 0 X 0 1 X 1 0 11170552 11170552 66528403 50616853 15911550 14214138 10798127 3416011 20089543 14349168 5740375 21472753 13837225 7635528 43874016 DEPOSITS 91487 C TRUIST BROKERAGE ACCOUNT 5039107 F BANK OF AMERICA BROKERAGE ACCOUNT 5006924 F 10137518 LINE OF CREDIT 3776667 3776667 57679421 7234875 7234875 50444546 0 50444546 52102646 7234875 7234875 44867771 0 44867771 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,234,875. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,234,875. X X X X X X 0 1 0 MICHAEL S WHEELER CHIEF OPERATING OFFICER 435196 0 124009 0 13985 0 78508 0 15593 0 667291 0 0 0 MARK A MONGELL DIRECTOR OF GOLF 273111 0 61595 0 750 0 15743 0 10906 0 362105 0 0 0 TODD KELLY DIRECTOR OF CULINARY, FOOD 265340 0 47831 0 0 0 18627 0 17075 0 348873 0 0 0 KEN B LEE DIRECTOR OF GOLF COURSE MA 256000 0 39333 0 13578 0 13105 0 15545 0 337561 0 0 0 KRAIG GADSBY CHIEF FINANCIAL OFFICER 244494 0 40900 0 0 0 15566 0 595 0 301555 0 0 0 ROLAND R TEKENBROEK TENNIS PROFESSIONAL 65566 0 6896 0 128362 0 11969 0 16749 0 229542 0 0 0 JOSHUA L AARONSON DIRECTOR OF TOWN CLUB OPER 175098 0 21728 0 0 0 9613 0 5877 0 212316 0 0 0 REGIE G PACOL MASSAGE THERAPIST 7937 0 1800 0 146524 0 8890 0 16649 0 181800 0 0 0 ANTHONY J CORDES GOLF PROFESSIONAL 52207 0 4111 0 95096 0 6021 0 16381 0 173816 0 0 0 PETER S JONES GOLF PROFESSIONAL 52522 0 4452 0 99742 0 9443 0 300 0 166459 0 0 0 JEWELL N DUNCAN GOLF PROFESSIONAL 43912 0 3274 0 103519 0 5978 0 5231 0 161914 0 0 0 RACHEL M BELL FORMER DIRECTOR OF STRATEGIC COMMUNI 149451 0 1600 0 0 0 4315 0 589 0 155955 0 0 0 ALFONSO D CERQUEDA FORMER EXECUTIVE CHEF 126647 0 20205 0 0 0 8635 0 360 0 155847 0 0 0 BENJAMIN J DASHIELL TENNIS PROFESSIONAL 45711 0 2863 0 91660 0 8324 0 4706 0 153264 0 0 0 JENELL L WILLIAMS CONTROLLER 130829 0 5653 0 1500 0 8133 0 5332 0 151447 0 0 0 MILOS VASOVIC DIRECTOR OF RACQUETS 118269 0 25150 0 0 0 631 0 6280 0 150330 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO MAJOR CLASSES OF MEMBERS, GENERAL FULL-VOTING MEMBERS AND NON-VOTING MEMBERS. GENERAL FULL-VOTING MEMBERS ARE THE MEMBERS THAT PAY 100% OF THE DUES AND LEVEL SERVICE FEE FOR GENERAL MEMBERS. THESE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY AND ALSO APPROVE SIGNIFICANT DECISIONS MADE BY THE GOVERNING BODY. EXAMPLES OF THESE SIGNIFICANT DECISIONS COULD INCLUDE THE APPROVAL OF ASSESSMENTS AND APPROVAL OF RAISING DUES IN A GIVEN YEAR. THE NON-VOTING MEMBER CLASS INCLUDES THE REMAINING MEMBERS WHO DO NOT HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY OR APPROVE ANY SIGNIFICANT DECISIONS MADE BY THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A IN CASE OF A VACANCY IN THE OFFICE OF PRESIDENT, VICE-PRESIDENT, SECRETARY, OR TREASURER, OR IN THE POSITION OF A DIRECTOR, THE GOVERNING BOARD SHALL FILL SUCH VACANCY BY APPOINTMENT. THE APPOINTMENT SHALL BE FOR THE PERIOD OF TIME REMAINING UNTIL THE NEXT ANNUAL MEETING OF THE CLUB, AT WHICH TIME ANY DIRECTOR'S POSITION FOR WHICH AN UNEXPIRED TERM REMAINS SHALL BE FILLED BY ELECTION. FORM 990, PART VI, SECTION A, LINE 7B THE GENERAL FULL-VOTING MEMBERS HAVE THE RIGHT TO RATIFY SIGNIFICANT DECISIONS MADE BY THE BOARD MEMBERS. EXAMPLES OF THESE SIGNIFICANT DECISIONS COULD INCLUDE THE APPROVAL OF ASSESSMENTS AND APPROVAL OF RAISING DUES IN A GIVEN YEAR. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, FRAZIER & DEETER, LLC, THE FORM IS FIRST REVIEWED BY THE CFO FOR ACCURACY. THE FORM IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS AND THEN SIGNED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A REPORT GIVEN ANNUALLY OF ALL PURCHASE TRANSACTIONS TO ALL MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THERE IS AN ANNUAL PERFORMANCE REVIEW OF ALL MANAGEMENT. IF THERE IS AN INCREASE IN THE ANNUAL PERFORMANCE REVIEW THEN THERE IS A STANDARD COMPENSATION INCREASE FOR ALL MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AND CAN BE REVIEWED AT THE CLUB. FORM 990, PART VIII, LINE 7D: DURING THE 2022 TAX YEAR, CHEROKEE TOWN AND COUNTRY CLUB, INC. SOLD ASSETS PROCUCING NET PROCEEDS OF $660,163. WE CHOSE TO EXCLUDE THIS GAIN UNDER IRC SEC. 512(A)(3)(D) DUE TO THE FACT THAT THE CLUB USED ALL OF THE PROCEEDS TO PURCHASE PROPERTY TO BE USED IN THE CLUB'S EXEMPT FUNCTION DURING THE 2022 TAXABLE YEAR. FORM 990, PART IX, LINE 24E LANDSCAPING 770,700. FITNESS CENTER EXPENSE 755,023. TENNIS EXPENSE 660,909. PROPERTY TAXES 644,807. CLUB EVENTS 492,124. SECURITY 380,448. UNIFORMS AND LAUNDRY 341,833. EMPLOYEE MEALS 339,121. POOL EXPENSE 329,364. COMMITTEE EXPENSE 268,626. TOURNAMENT EXPENSE 262,309. MISCELLANEOUS 216,112. TRAINING 210,007. TAXES AND LICENSES 168,854. TRASH REMOVAL 153,746. FUEL 133,677. FLOWERS AND DECORATIONS 105,076. CONSULTANTS 96,156. CHINA, GLASS, AND SILVER 86,206. ENTERTAINMENT 69,470. VEHICLE EXPENSE 46,162. PRINTING AND PUBLICATIONS 43,774. CHILDCARE EXPENSE 29,290. BANK CHARGES 27,069. BAD DEBT EXPENSE 3,241. CHEROKEE ART ENDOWMENT CORPORATION 155 WEST PACES FERRY ROAD NW ATLANTA GA 30305 270238981 TO CONSERVE & DISPLAY WORKS & OBJECTS OF ART & HISTORICAL SIGNIFICANCE. GA 501(C)(3) 170(B)(1)(A) (VI)&50 N/A 0 THE CHEROKEE EMPLOYEE SCHOLARSHIP FOUNDATION INC 155 WEST PACES FERRY ROAD NW ATLANTA GA 30305 823549986 TO PROVIDE FINANCIAL SUPPORT TO EMPLOYEES OR FAMILY FOR HIGHER EDUCATION. GA 501(C)(3) 170(B)(1)(A) (VI)&50 N/A 0 THE CHEROKEE CADDY SCHOLARSHIP FOUNDATION INC 155 WEST PACES FERRY ROAD NW ATLANTA GA 30305 582489470 TO PROVIDE FINANCIAL SUPPORT TO CADDIES FOR HIGHER EDUCATION. GA 501(C)(3) 170(B)(1)(A) (VI)&50 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0