2024-02-13T10:49:06-06:00 2023-09-30 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2022-10-01 590818061 HOLE IN THE WALL GOLF CLUB INC HOLE 2396590164 3600 GOODLETTE ROAD N NAPLES FL 34103 ROBERT CURREY TREASURER 2392616481 2024-02-13 1 ROBERT CURREY 999009999 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z COLLEEN ARNOLD 3600 GOODLETTE ROAD N NAPLES FL 34103 9221885 0 X WWW.HOLEINTHEWALLGOLF.ORG X 1957 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 90 65 215946 158644 0 0 4500827 5048102 37607 257173 2163334 2922845 6701768 8228120 0 0 0 0 2585194 2806116 0 0 0 3242109 3640650 5827303 6446766 874465 1781354 19630877 21745220 3681785 3963420 15949092 17781800 HOLE-IN-THE-WALL GOLF CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 A PRIVATE CLUB OFFERING GOLF, GOLF INSTRUCTION, AND RELATED SERVICES AND CLUBHOUSE FACILITIES FOR ITS 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 0 0 0 1 19 0 1 90 1 1 1 0 0 0 1 1 2750000 96337 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DAVID R WHITE CHIEF FINANCIAL OFFICER 2396590164 3600 GOODLETTE ROAD N NAPLES FL 34103 X COLLEEN ARNOLD PRESIDENT 10.00 X X 0 0 0 ROBERT CURREY TREASURER/2ND VICE PRESIDENT 10.00 X X 0 0 0 FRED SCHULTE 1ST VICE PRESIDENT 10.00 X X 0 0 0 SANDY TAYLOR SECRETARY 4.00 X 0 0 0 RICHARD SCHWOB DIRECTOR 10.00 X 0 0 0 JOHN WHITTEMORE DIRECTOR 10.00 X 0 0 0 LIZ WINEBRENNER DIRECTOR 4.00 X 0 0 0 JAMES HEALEY DIRECTOR 10.00 X 0 0 0 LARRY JACOBSON DIRECTOR 10.00 X X 0 0 0 MIKE CARSON DIRECTOR 10.00 X 0 0 0 NICK NICHOLSON DIRECTOR 4.00 X 0 0 0 JAMEE TODD DIRECTOR 4.00 X 0 0 0 CHRIS CAMPBELL FORMER ASST. SECRETARY 4.00 X 0 0 0 JOHN VAN RODEN FORMER PRESIDENT 10.00 X 0 0 0 DAVID WHITE CHIEF FINANCIAL OFFICER 40.00 X 164961 0 15229 JONATHAN BUDDENHAGEN GOLF PROFESSIONAL 40.00 X 179610 0 13761 NICHOLAS SABATINO GOLF COURSE SUPERINTENDENT 40.00 X 225169 0 17637 BRUCE COLYER HEAD CHEF/CLUBHOUSE MANAGE 40.00 X 123469 0 29598 693209 0 76225 4 0 1 0 JON BUDD GOLF LLC 3600 GOODLETTE FRANK ROAD N NAPLES FL 34103 GOLF SERVICES 437031 1 MEMBERSHIP DUES 713910 4231399 4231399 GREENS & CART FEES 713910 816703 757738 58965 5048102 181480 181480 87050 11357 75693 75693 75693 593394 982408 -389014 -364515 -24499 INITIATION FEES 713910 2750000 2750000 CAPITAL FEES 713910 232000 232000 CAPITAL ASSESSMENTS 713910 145000 145000 184859 184859 3311859 8228120 8012174 215946 0 564663 1889794 35632 139519 176508 25660 27664 47196 3942 10507 1504128 204294 INCOME TAX EXPENSE 39000 GOLF COURSE MAINTENANCE 1012109 CLUBHOUSE OPERATIONS 283444 GOLF COURSE OPERATIONS 233861 248845 6446766 516663 187151 5634774 7627917 51725 43532 25256 39265 99903 191579 27715111 14906606 13263007 12808505 804772 39549 42499 19630877 21745220 248748 387318 3121824 3449744 311213 126358 3681785 3963420 X 15949092 17781800 15949092 17781800 19630877 21745220 1781354 51354 0 X 0 1 X 1 0 766070 766070 11032836 6581717 4451119 11756217 6545567 5210650 4159988 1779322 2380666 12808505 RETAINAGE PAYABLE 126358 126358 X 9261882 51354 982408 1033762 8228120 0 8228120 7429174 982408 982408 6446766 0 6446766 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITION AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MATERIALS 220,061. COST OF SALES - LABOR 762,347. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MATERIALS 220,061. COST OF SALES - LABOR 762,347. X X X 0 0 0 NICHOLAS SABATINO GOLF COURSE SUPERINTENDENT 192843 0 11700 0 20626 0 9058 0 8579 0 242806 0 0 0 JONATHAN BUDDENHAGEN GOLF PROFESSIONAL 146984 0 12000 0 20626 0 5182 0 8579 0 193371 0 0 0 DAVID WHITE CHIEF FINANCIAL OFFICER 126469 0 11700 0 26792 0 6650 0 8579 0 180190 0 0 0 BRUCE COLYER HEAD CHEF/CLUBHOUSE MANAGE 105101 0 10400 0 7968 0 5148 0 24450 0 153067 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION 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 REGULAR MEMBERS CAN PARTICIPATE IN THE ELECTION OF THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL IMPROVEMENT AND ADDITIONS TO THE FACILITIES IN EXCESS OF $100,000 ARE SUBJECT TO APPROVAL OF A MAJORITY OF REGULAR MEMBERS (RMS). CAPITAL ASSESSMENTS DUE TO A NATURAL DISASTER OR EMERGENCY IN EXCESS OF $1,000 PER RM MUST BE APPROVED BY A MAJORITY OF RMS. CAPITAL ASSESSMENTS NOT DUE TO A NATURAL DISASTER OR EMERGENCY OR, NOT DUE TO INITIATION FEES FROM NEW MEMBER ADMISSIONS IN A GIVEN YEAR BEING INSUFFICIENT TO SUPPORT CAPITAL FUNDING REQUIREMENTS NECESSESARY TO REPLACE, REPAIR OR MAINTAIN THE THEN EXISTING FACILITIES OF THE CLUB AND ALSO EXCEEDING $400 PER RM MUST BE APPROVED BY A MAJORITY OF RMS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE OR EFFICIENT TO REQUIRE THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. ALTHOUGH THE BOD RECEIVES A COPY OF FORM 990, THE BOD DELEGATES A REVIEW OF FORM 990 TO THE FINANCE COMMITTEE. A DRAFT COPY OF FORM 990 IS EMAILED TO THE FINANCE COMMITTEE AND THE BOD IN ADVANCE OF THE DUE DATE, PROVIDING ADEQUATE TIME FOR REVIEW AND QUESTIONS. THE FINANCE COMMITTEE APPROVES THE FILING OF FORM 990. THE BOD RATIFIES THE FINANCE COMMITTEE'S APPROVAL TO FILE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOD MEMBERS COMPLETE THE CLUB'S CONFLICT OF INTEREST DISCLOSURE AGREEMENT. ANY CONFLICTS WOULD THEN BE MONITORED AND REVIEWED BY THE CFO AND BOD. THE CLUB HAS CREATED A CULTURE OF ETHICS AND TRUST WITH THE BOD SETTING THE RIGHT TONE. CONFLICTS OF INTEREST ARE AVOIDED AT ALL COSTS. ESTABLISHED POLICIES ARE CLEAR ABOUT WHAT CONSTITUTES A CONFLICT OF INTEREST AND WHICH NEED TO BE DISCLOSED. MANAGEMENT IS AWARE OF WHO INTERESTED PERSONS ARE, AND WHAT TYPE OF RELATIONSHIPS REPRESENT CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB HAS A HUMAN RESOURCE COMMITTEE (THE COMMMITTEE) WHICH IS CHAIRED BY A BOD MEMBER AND CONSISTS OF AT LEAST (4) CLUB MEMBERS WITH PRIMARY RESPONSIBILITY TO REVIEW AND MONITOR ALL COMPENSATION AND BENEFITS FOR ALL EMPLOYEES. ANNUALLY, THE COMMITTEE REVIEWS RECOMMENDATIONS FOR COMPENSATION ADJUSTMENT, MERIT INCREASES, BONUSES, AND OTHER BENEFITS FOR THE CLUB'S EMPLOYEES. INDEPENDENT COMPENSATION SURVEY AND BENCHMARKING ANALYTICS, WHICH INCLUDE BOTH LOCAL AND NATIONAL INDUSTRY DATA, ARE UTILIZED BY THE COMMITTEE TO ASSIST WITH THE DETERMINATION OF SALARIES, WAGES AND BENEFITS. THE COMMITTEE THEN SHARES ITS FINDINGS WITH THE RESPECTINVE CHAIRPERSONS OF COMMITTEES THAT OVERSEE EACH DEPARTMENT; GOLF, MAINTENANCE, HOUSE AND ADMINISTRATIVE. THESE CHAIRPERSONS, WITH THE SUPPORT OF THE HUMAN RESOURCE COMMITTEE, THEN MAKE SALARY, WAGE AND BENEFIT RECOMMENDATIONS TO THE BOD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 ON THE CLUB WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND VIA INSPECTION AT THE CLUB. COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAIALABLE ON THE CLUB'S WEBSITE.