2024-11-14T15:00:32-06:00 2023-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-01-01 941451412 MONTEREY PENINSULA COUNTRY CLUB MONT 8313731556 3000 CLUB RD PEBBLE BEACH CA 939532542 TERRY HUGGINS TREASURER 8313731556 2024-11-01 1 0 CHRISTOPHER CECIL P01877773 5616971785 2024-11-01 2023 2024-10-15 13:58:12Z TOM MACMICHAEL 3000 CLUB RD PEBBLE BEACH CA 939532542 38584837 0 X WWW.MPCCPB.ORG X 1925 CA SEE SCHEDULE O.THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATION ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 9 9 343 9 2044083 194591 0 0 26032277 29123168 51969 169263 3409823 3009556 29494069 32301987 0 0 0 0 19244481 21105899 0 0 0 14812771 15823957 34057252 36929856 -4563183 -4627869 64774167 67481952 5944166 7155510 58830001 60326442 X SEE SCHEDULE OTHE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED & OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE ORGANIZATION'S MISSION. 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 78 0 1 343 1 1 1 0 0 0 1 1 0 3507954 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X BRAD SPENCER 8313731556 3000 CLUB RD PEBBLE BEACH CA 93953 JOHN COPE PRESIDENT 10.00 X X 0 0 0 TERRY HUGGINS TREASURER 10.00 X X 0 0 0 JACK GRANDCOLAS SECRETARY 10.00 X X 0 0 0 THOMAS MACMICHAEL VICE PRESIDENT 10.00 X X 0 0 0 CHUCK DIETRICK DIRECTOR 10.00 X 0 0 0 MICHAEL MCCARVER DIRECTOR 10.00 X 0 0 0 ROBERT COLWELL DIRECTOR 10.00 X 0 0 0 ROBBIE STEARNS DIRECTOR 10.00 X 0 0 0 WALLY GORDON DIRECTOR 10.00 X 0 0 0 JJ WEST GENERAL MANAGER 50.00 X 591785 0 115806 BRADLEY SPENCER VICE PRESIDENT OF FINANCE 50.00 X 352720 0 9631 JENNIFER MURRAY DIRECTOR OF HUMAN RESOURCE 50.00 X 209364 0 35692 ALEXANDER KIRKWOOD DIRECTOR OF GOLF 50.00 X 448960 0 32758 CHRIS DALHAMMER GREENS & GROUNDS DIRECTOR 50.00 X 466916 0 58018 CY YONTZ EXECUTIVE SOUS CHEF 50.00 X 186974 0 31204 RYAN COLE GOLF COURSE SUPERINTENDENT 50.00 X 163769 0 13960 KHADIJA COLEY-MASON DIRECTOR OF FOOD & BEVERAG 50.00 X 204705 0 28842 AARON OLSON DIRECTOR OF INSTRUCTION 50.00 X 177016 0 27351 DAN FUREY EXECUTIVE CHEF 50.00 X 219468 0 18325 3021677 0 371587 10 0 1 0 JAMIESONMAE COMMUNICATIONS 250 S FOREST STREET DENVER CO 80246 COMMUNICATIONS 147757 SCUDDER ROOFING PO BOX 2596 MONTEREY CA 93942 ROOFING 115473 2 MEMBERSHIP DUES & ASSESSMENTS 713910 23494224 23494224 GOLF ACTIVITIES AND GOLF CART STO 713910 3881691 3064009 817682 SPECIAL PURPOSE FUNDS 713910 1382952 1158212 224740 LOCKER ROOMS AND FITNESS 713910 364301 364301 29123168 224693 224693 6912 62342 -55430 -55430 -55430 9230064 6220508 3009556 2232588 776968 32301987 30313334 2044083 -55430 X 2321650 13368466 5415783 550600 559 4006033 384819 INCOME TAXES 60219 GOLF COURSE MAINTENANCE 3176775 GENERAL & ADMINISTRATIV 1477568 SPECIAL PURPOSE FUND 1432418 4734966 36929856 1501151 2785514 5020 553218 3396712 3641166 1112299 949570 445884 498067 87694652 38471573 49003430 49223079 4380015 4501035 2486273 3144826 2443383 2185477 64774167 67481952 2958994 3277683 2415866 2883118 569306 994709 5944166 7155510 X 58830001 60326442 58830001 60326442 64774167 67481952 X -4627869 158566 5965744 X X 0 1 X 1 0 270823 270823 36883097 15239039 21644058 15903492 11153776 4749716 34637240 12078758 22558482 49223079 DEFERRED COMPENSATION PAYABLE 994709 994709 X 38681061 158566 6220508 6379074 32301987 0 32301987 43150364 6220508 6220508 36929856 0 36929856 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 6,220,508. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 6,220,508. X X X X X X 0 1 0 JJ WEST GENERAL MANAGER 450545 0 138600 0 2640 0 85588 0 30218 0 707591 0 0 0 CHRIS DALHAMMER GREENS & GROUNDS DIRECTOR 391502 0 75000 0 414 0 28650 0 29368 0 524934 0 0 0 ALEXANDER KIRKWOOD DIRECTOR OF GOLF 350974 0 70748 0 27238 0 3303 0 29455 0 481718 0 0 0 BRADLEY SPENCER VICE PRESIDENT OF FINANCE 300558 0 52000 0 162 0 9631 0 0 0 362351 0 0 0 JENNIFER MURRAY DIRECTOR OF HUMAN RESOURCE 163855 0 35000 0 10509 0 5474 0 30218 0 245056 0 0 0 DAN FUREY EXECUTIVE CHEF 190968 0 28500 0 0 0 2341 0 15984 0 237793 0 0 0 KHADIJA COLEY-MASON DIRECTOR OF FOOD & BEVERAG 169705 0 35000 0 0 0 6201 0 22641 0 233547 0 0 0 CY YONTZ EXECUTIVE SOUS CHEF 168347 0 18500 0 127 0 3737 0 27467 0 218178 0 0 0 AARON OLSON DIRECTOR OF INSTRUCTION 63013 0 114003 0 0 0 5373 0 21978 0 204367 0 0 0 RYAN COLE GOLF COURSE SUPERINTENDENT 146221 0 17500 0 48 0 4904 0 9056 0 177729 0 0 0 PART I, LINE 4 - RECEIVED SUPPLEMENTAL NQ RETIREMENT, EQUITY- BASED COMPENSATION THE FOLLOWING EMPLOYEES PARTICIPATED IN THE CLUB'S SEC. 457 TANDEM PLAN. IN 2023, THE CLUB MADE MATCHING AND DIRECT CONTRIBUTIONS TO THE SEC. 457 PLAN AND TO THE SEC. 401(K) PLAN AS SHOWN BELOW. EMPLOYEES SEC 457 PLAN CONTR 401(K) PLAN CONTR --------- ------------------ ----------------- JJ WEST 76,360 9,228 CHRIS DALHAMER 18,750 9,900 FORM 990, PART VI, SECTION A, LINE 6 NONMINATING COMMITTEE OF THE CLUB ELECT THREE NEW BOARD MEMBERS ANNUALLY. THE BOARD OF DIRECTORS ACTS ON BEHALF OF THE MEMBERS IN SETTING POLICY. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS OF THE CLUB ELECT THREE NEW BOARD MEMBERS ANNUALLY. THE BOARD OF DIRECTORS ACTS ON BEHALF OF THE MEMBERS IN SETTING POLICY. FORM 990, PART VI, SECTION A, LINE 7B BY-LAW CHANGES, ASSESSMENTS OF AMOUNTS IN EXCESS OF YEARLY OPERATING DUES, AND EXTRAORDINARY CAPITAL EXPENDITURES REQUIRE A MEMBERSHIP VOTE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE VP OF FINANCE, PRESIDENT AND TREASURER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF DIRECTORS REVIEWS AND ACKNOWLEDGES THE CONFLICT OF INTEREST POLICIES. THE BOARD OF DIRECTORS AND MANAGEMENT THEN SIGN A COMPLIANCE AGREEMENT. MANAGEMENT HAS ONGOING ENFORCEMENT THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE COMPENSATION COMMITTEE, ESTABLISHED BY THE BOARD OF DIRECTORS, EVALUATES THE GENERAL MANAGER'S COMPENSATION AND SUBMITS COMPARABLE SALARY DATA TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMPENSATION COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT AND SURVEYS TO EVALUATE COMPENSATION VALUE FOR DIFFERENT POSITIONS. LINE 15B: KEY EMPLOYEE COMPENSATION LEVELS ARE EVALUATED BY THE GENERAL MANAGER AND SUBMITTED TO THE COMPENSATION COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON INSPECTION AT THE CLUB. FORM 990, PART IX, LINE 24E FOOD & BEVERAGE 1,165,185. CLUBHOUSE 1,033,018. SOCIAL ACTIVITIES 598,815. ENERGY COSTS 559,652. GOLF ACTIVITIES 509,188. CAPITAL EXPENSES 443,571. LOCKER ROOM 139,686. GOLF PRO SHOP 130,669. MEMBERSHIP 105,286. CART STORAGE, RENTALS & REPAIRS 49,896. FORM 990, PART XI, LINE 9: MEMBERSHIP ENTRANCE FEES, NET OF ALLOCATION TO OPERATIONS 8,940,744. NET PROCEEDS TO SELLING MEMBER -2,975,000. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.