2024-07-30T15:01:09-05:00 2024-03-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2023-04-01 010142660 Portland Country Club PORT 2077812340 11 Foreside Road Falmouth ME 04105 Arthur W Batson III Treasurer 2077812340 2024-07-25 1 0 Connor Smart P02285543 2078792100 2024-07-25 2023 2024-08-08 14:25:15Z Matthew J Stowell 11 Foreside Road Falmouth ME 04105 9044449 0 X www.portlandcountryclub.org X 1895 ME To promote the recreational and social activities of club members. 12 12 140 13 -6250 47812 8050 23140 5297645 5790183 2264 -70496 277882 178069 5585841 5920896 0 0 0 0 2315508 2504767 0 0 0 2681929 2603467 4997437 5108234 588404 812662 16001723 16964521 3742636 3892772 12259087 13071749 To provide members with social and recreational opportunities. 0 0 Portland Country Club is organized for social purposes, the promotion and advancement of the game of golf and other athletic sports, and the maintenance of a clubhouse and grounds in the Town of Falmouth, County of Cumberland, State of Maine, for the use of the members of the Club and all others who may, from time to time, be admitted to its privileges. 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 1 0 0 0 0 0 0 0 0 1 26 0 1 140 1 1 1 0 0 0 0 752603 494314 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X Elaine Runyon 2077812340 11 Foreside Road Falmouth ME 04105 Eugene G Ardito Governor 1.00 X 0 0 0 Joseph Bruno Governor 1.00 X 0 0 0 Stephen Eddy Governor 1.00 X 0 0 0 William P Faucher Governor 1.00 X 0 0 0 Lisa R Gorman Governor 1.00 X 0 0 0 Jake O Jones Governor 1.00 X 0 0 0 Timothy M Longstaff Governor 1.00 X 0 0 0 Edward S McKersie Governor 1.00 X 0 0 0 Lisa Noonan Governor 1.00 X 0 0 0 Thomas P Noyes Governor (end 2/2024) 1.00 X 0 0 0 Matthew J Stowell President 1.00 X X 0 0 0 Arthur W Batson III Treasurer 1.00 X X 0 0 0 Kristen G King Secretary 1.00 X X 0 0 0 James Gusella General Manager 40.00 X 272262 0 32691 Daniel Venezio Golf Pro 40.00 X 139219 0 18501 Elaine Runyon Controller 40.00 X 126099 0 16939 James Christie Golf Superintendent 40.00 X 125012 0 25511 Thomas A Dillman Head Rackets Pro 40.00 X 113645 0 16799 Kenneth MacDonald Executive Chef 40.00 X 112969 0 5455 889206 0 115896 6 0 1 0 Turf Rehab 11 Avenue A Cambridge NY 12816 Landscaping 347261 Optimum Inc 91 Auburn Street 1030 Portland ME 04103 Construction and renovations 113855 86 & Co W Appleton Road Appleton ME 04862 Staffing solutions 100401 3 23140 23140 Membership dues 713910 4425329 4425329 Admission fees 713910 461803 461803 Green fees 713910 342300 342300 Equipment rental fees 713910 316339 316339 Racket sports and pool 713910 228375 228375 16037 16037 5790183 50546 50546 9765 130807 -121042 -121042 -121042 2880015 2992746 -112731 -55935 -56796 Capital improvement fee 713910 290800 290800 290800 5920896 6025048 -6250 -121042 304953 1722383 82417 266268 128746 2455 17350 236966 36413 130365 61807 828810 30618 909042 112597 Golf expenses 134320 Sports camp/pool 57444 Racket sport expenses 25271 UBI taxes 9637 10372 5108234 152309 316000 2606645 3297429 244315 285690 343389 333222 96326 146098 24019877 11433795 12558739 12586082 16001723 16964521 547369 593821 3195267 3298951 3742636 3892772 X 12259087 13071749 12259087 13071749 16001723 16964521 812662 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 94 94 0 Part II-B, Line 1: During the period covered by this tax return, the Portland Country Club was a member of the National Club Association. To maintain this membership, which provides benefits that advance the Club's exempt purpose and mission, the Club is required to remit dues to the Association. A portion of the dues paid to the Association has been deemed to be available for lobbying purposes; the Association estimates that approximately $94, or 2.5% of $3,750 in total dues paid by the Club, was available for lobbying activities during this reporting period. The Club has disclosed this arrangement on this Schedule C for transparency and compliance purposes. 131041 131041 17147972 7016282 10131690 6400987 4379352 2021635 339877 38161 301716 12586082 X 9022730 3101834 3101834 5920896 0 5920896 8210068 3101834 3101834 5108234 0 5108234 Part X, Line 2: Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. The Club has evaluated the positions taken on its filed tax returns. The Club has concluded no uncertain income tax positions exist at March 31, 2024. Part XI, Line 2d - Other Adjustments: Cost of goods sold, as net against revenues 2,980,792. Loss on sale of equipment 121,042. Part XII, Line 2d - Other Adjustments: Cost of goods sold, as net against revenues 2,980,792. Loss on sale of equipment 121,042. X X X 0 0 0 James Gusella General Manager 240528 0 31734 0 0 0 9978 0 22713 0 304953 0 0 0 Daniel Venezio Golf Pro 120515 0 2547 0 16157 0 5689 0 12812 0 157720 0 0 0 James Christie Golf Superintendent 118655 0 2447 0 3910 0 5003 0 20508 0 150523 0 0 0 Eugene G Ardito Board Member Mr. Ardito served on the Club's Board of Governors during this tax year. Mr. Ardito is also the President and CEO of cPort Credit Union. Over the course of the Club's, its members', its employees', and the Credit Union's normal operations and practices, it is possible that persons affiliated with the Club could engage in a transaction with the Credit Union, with which Mr. Ardito due to his role is deemed an interested person. The Club is not aware of any specific transactions with Mr. Ardito or the Credit Union that has impeded Mr. Ardito's independence. Accordingly, this relationship has been disclosed for transparency purposes, and Mr. Ardito is considered an independent board member on this Form 990. 0 Form 990, Part VI, Section A, line 6 Portland Country Club is a membership organization. Potential members are required to submit a proposal for membership and acceptance of their application is voted on by the Board of Governors. Each membership is comprised of a couple or an unmarried adult and their families. There are four types of memberships: Active Memberships, Social Memberships, House Memberships, and Pool & Tennis Memberships. Active and Social Memberships are entitled to one vote. All other members and their families are entitled to Club privileges as established in the rules promulgated by the Board of Governors. Form 990, Part VI, Section A, line 7a Members elect the Board of Governors each year at the annual meeting of the Club. The Board shall have the power to fill any vacancies on the Board or Club officer positions for the unexpired term. Form 990, Part VI, Section A, line 7b The Board shall not authorize the Treasurer to borrow for the use of the Club any sums exceeding in the aggregate one hundred thousand dollars ($100,000) in any one year without first obtaining the approval thereto from the annual or a special meeting of the Club membership. The organization's bylaws may only be amended by a two-thirds vote of the voting memberships present and voting, at any annual or special meeting of the Club. Form 990, Part VI, Section B, line 11b In accordance with the filing organization's financial accountability and transparency policy, the Form 990 and Form 990-T, as well as any required state or supplemental filings, are prepared by an outside independent accountant, then reviewed by the Club Manager, Controller, and Board Treasurer prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest statements are signed annually by all officers and directors and retained on file by the Organization. Form 990, Part VI, Section B, line 15 Compensation comparability data for the Club Manager position is provided to the Board of Governors. The Board Chair recommends the compensation level for the position to the full Board for approval. While there are no additional officer or key employee positions per IRS definitions, a similar review process, including referencing comparability data, is performed by the Club Manager before determining annual compensation for employees in leadership and highly compensated positions. Form 990, Part VI, Section C, line 19 These documents are available upon request. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year.