2024-05-21T03:56:03-05:00 2023-12-31 231311005 BOYER & RITTER LLC 211 HOUSE AVENUE CAMP HILL PA 17011 990 2023-01-01 520316585 FOUNTAIN HEAD COUNTRY CLUB INCORPORATED FOUN 3017398282 13316 FOUNTAIN HEAD ROAD HAGERSTOWN MD 21742 RICHARD DIAMOND PRESIDENT 3017916649 2024-05-15 1 RICHARD DIAMOND 999009999 1 DAVID J MANBECK CPA P00773661 7177617210 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z RICHARD DIAMOND 13316 FOUNTAIN HEAD ROAD HAGERSTOWN MD 21740 4596086 0 X WWW.FHCC1924.COM X 1924 MD TO PROVIDE SOCIAL SERVICES AND RECREATIONAL FACILITIES FOR MEMBERS. 11 11 136 11 237246 23133 135224 175400 2325576 2422046 86 41 1450437 1282863 3911323 3880350 0 0 0 0 2044231 2069159 0 0 0 2085056 1914351 4129287 3983510 -217964 -103160 6604953 6223761 5992840 5793530 612113 430231 PROVIDING SOCIAL SERVICES AND RECREATIONAL FACILITIES FOR THE ENJOYMENT OF THE CLUB'S MEMBERS AND THEIR GUESTS 0 0 PROVIDED SOCIAL SERVICES AND RECREATIONAL FACILITIES FOR THE ENJOYMENT OF THE CLUB'S MEMBERS AND THEIR GUESTS PROVIDED FOOD AND BEVERAGE CONSUMPTION TO THE CLUB'S MEMBERS AND THEIR GUESTS 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 28 0 1 136 1 1 1 0 0 0 0 0 0 49561 274219 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MOLLY TANTILLO FINANCIAL CONTROLLER 3017398282 13316 FOUNTAIN HEAD ROAD HAGERSTOWN MD 21740 PATRICK CASEY START 2282023 CLUB MANAGER 40.00 X 120467 0 11462 SCOTT IRWIN THRU 2272023 CLUB MANAGER 40.00 X 33594 0 3156 KAYLA SHANK FINANCIAL CONTROLLER 40.00 X 53931 0 1460 RICHARD DIAMOND PRESIDENT 10.00 X X 0 0 0 CORY MOSKOWITZ VICE PRESIDENT 10.00 X X 0 0 0 BILL HENRY SECRETARY 10.00 X X 0 0 0 DAN FISHER TREASURER 10.00 X X 0 0 0 DAVE ABELES GOVERNOR 5.00 X 0 0 0 SCOTT COLEMAN GOVERNOR 5.00 X 0 0 0 DR MITESH KOTHARI GOVERNOR 5.00 X 0 0 0 MICHAEL MANSPEAKER GOVERNOR 5.00 X 0 0 0 SUSAN O'BOYLE GOVERNOR 5.00 X 0 0 0 JONATHAN SCHUPP GOVERNOR 5.00 X 0 0 0 PETER SPELLAR GOVERNOR 5.00 X 0 0 0 207992 0 16078 1 0 0 0 0 175400 175400 MEMBERSHIP DUES AND ASSESSMENTS 713910 2102253 2102253 GOLF CART RENTALS 713910 222490 222490 GREENS FEES 713910 95231 95231 TENNIS COURTS 713910 2072 2072 2422046 41 41 1816411 715736 1100675 992597 108078 INITIATION FEES 713910 48661 48661 ROOM RENTALS 713910 32086 32086 GOLF PROFESSIONAL 713910 30820 30820 70621 68811 1810 182188 3880350 3467704 237246 0 224070 1509716 27321 117199 190853 18472 95305 335288 48573 28253 141427 12209 224495 352290 84095 SUPPLIES 324352 VEHICLE EXPENSE 78792 TAXES AND LICENSES 68540 EQUIPMENT MAINTENANCE 58068 44192 3983510 83520 428184 640620 75538 514308 592101 237023 237516 45857 16720 12801653 8246271 4781168 4555382 302457 318320 6604953 6223761 297163 187579 288157 386343 5100864 4993462 306656 226146 5992840 5793530 X 610424 430231 1689 0 612113 430231 6604953 6223761 X -103160 -78822 100 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78741 78741 8736402 4637420 4098982 2094819 1921763 173056 1891691 1687088 204603 4555382 FINANCE RIGHT-OF-USE ASSETS 9638 OPERATING RIGHT-OF-USE ASSETS 213641 MORTGAGE LOAN ESCROW 95041 318320 FINANCE LEASE LIABILITY 12505 OPEARTING LEASE LIABILITY 213641 226146 X 4596086 715736 715736 3880350 0 3880350 4699246 715736 715736 3983510 0 3983510 PART X, LINE 2: MANAGEMENT HAS ASSESSED THE CORPORATION'S EXPOSURE TO INCOME TAXES AT THE ENTITY LEVEL AS A RESULT OF UNCERTAIN TAX POSITIONS TAKEN IN CURRENT AND PREVIOUSLY-FILED TAX RETURNS. EXAMPLES OF TAX POSITIONS TAKEN AT THE ENTITY LEVEL INCLUDE THE CONTINUING VALIDITY OF THE CORPORATION'S EXEMPT STATUS, BEING SUBJECT TO THE FILING REQUIREMENT FOR UNRELATED BUSINESS INCOME, AND OTHER TAX POSITIONS THAT COULD RESULT IN INCOME TAX LIABILITIES TO THE CORPORATION UPON EXAMINATION BY TAXING AUTHORITIES. PRESENTLY, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING ANY APPEALS AND LITIGATION, SUCH THAT THE CORPORATION HAS NO EXPOSURE TO INCOME TAX LIABILITIES FROM UNCERTAIN TAX POSITIONS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS FROM INVENTORY SALES 715,736. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS FROM INVENTORY SALES 715,736. FORM 990, PART VI, SECTION A, LINE 6 AS OF DECEMBER 31, 2023, THE CLUB HAD 968 SHARES OF CAPITAL STOCK OUTSTANDING; EACH SHARE HAS A PAR VALUE OF $100 AND CARRIES A SINGLE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB'S BOARD OF GOVERNORS IS ELECTED AT THE CLUB'S ANNUAL STOCKHOLDERS' MEETING BY THOSE MEMBERS ENTITLED TO VOTE AT SAID MEETING. FORM 990, PART VI, SECTION A, LINE 7B ANNUAL OPERATING AND CAPITAL BUDGETS ARE SUBJECT TO THE APPROVAL OF THE CLUB'S STOCKHOLDERS AS ARE DECISIONS TO ENCUMBER THE CLUB'S ASSETS FOR THE PURPOSE OF CAPITAL EXPENDITURES AND IMPROVEMENTS. AMENDMENTS AND RESTATEMENTS OF THE CLUB'S ORGANIZATIONAL DOCUMENTS ARE ALSO SUBJECT TO STOCKHOLDERS' APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORMS 990 AND 990-T ARE REVIEWED BY THE CLUB'S ACTING CONTROLLER, TREASURER, FINANCE COMMITTEE AND BOARD OF GOVERNORS PRIOR TO THEIR FILINGS WITH THE APPROPRIATE INTERNAL REVENUE SERVICE CENTERS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EXISTING OR POTENTIAL CONFLICTS-OF-INTEREST ARE REQUIRED TO BE DISCLOSED BY DIRECTLY-INVOLVED PARTIES. THESE DISCLOSURES ARE REVIEWED AND RESOLVED BY THE CLUB'S BOARD OF GOVERNORS. FORM 990, PART VI, SECTION B, LINE 15 AN ANNUAL PERSONNEL PERFORMANCE REVIEW OF THE CLUB'S GENERAL MANAGER IS PERFORMED BY THE CLUB'S BOARD OF GOVERNORS, AND ANNUALLY, THE PERFORMANCE OF DEPARTMENT MANAGERS IS REVIEWED BY THE CLUB'S GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AND AT 13316 FOUNTAIN HEAD ROAD, HAGERSTOWN, MD 21742 ON TUESDAY THROUGH FRIDAY FROM THE HOURS OF 8:00 A.M. TO 4:00 P.M. FORM 990, PART XI, LINE 9: NET CHANGE IN UNRESTRICTED MEMBERSHIP EQUITY 100. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE YEAR. FORM 990, SCHEDULE R, PART V, LINE 2: FHCC NOMINEE CORPORATION WAS FORMED FOR THE PURPOSE OF OBTAINING MORTGAGE FINANCING ON BEHALF OF FOUNTAIN HEAD COUNTRY CLUB. FOUNTAIN HEAD COUNTY CLUB, INC. HAS GUARANTEED THIS DEBT. THE OUTSTANDING BALANCE ON FHCC NOMINEE CORPORATION'S MORTGAGE LOAN WHICH FOUNTAIN HEAD COUNTY CLUB, INC. HAS GUARANTEED WAS $4,516,667 AT DECEMBER 31, 2023. FHCC NOMINEE CORPORATION 13316 FOUNTAIN HEAD ROAD HAGERSTOWN MD 21742 202269999 FHCC NOMINEE CORPORATION GUARANTEES A MORTGAGE LOAN ON BEHALF OF FHCC, INC. MD N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FHCC NOMINEE CORPORATION E 4516667