2025-03-12T21:28:49-05:00 2024-04-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2023-05-01 860912114 TERRAVITA GOLF CLUB INC TERR 4804886956 34034 N 69TH WAY SCOTTSDALE AZ 85266 WILLIAM KELLY TREASURER 4804886956 2025-03-12 1 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2025-03-12 2023 2025-03-06 01:10:19Z RAY TENNISON 34034 N 69TH WAY SCOTTSDALE AZ 85266 5543922 0 X WWW.TERRAVITA.COM X 1998 AZ TO PROVIDE A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITITES TO ITS MEMBERS. 7 7 0 42 317094 46329 0 0 4878998 5173670 17266 50349 42743 54806 4939007 5278825 0 0 0 0 2041195 2310352 0 0 0 2128649 2755715 4169844 5066067 769163 212758 14725118 15065178 5091304 5208142 9633814 9857036 PROVIDED A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES TO ITS MEMBERS. 0 0 PROVIDE A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES TO 317 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 51 0 1 0 1 1 0 0 0 0 685109 296218 0 0 0 X 7 7 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 X TROON GOLF MANAGED PROPERTIES 4804770526 15044 N SCOTTSDALE ROAD SUITE 300 SCOTTSDALE AZ 85254 X RAY TENNISON VICE PRESIDENT 5.00 X X 0 0 0 BOB VON PENTZ PRESIDENT 5.00 X X 0 0 0 WILLIAM KELLY TREASURER 5.00 X X 0 0 0 DEBBIE WAYMIRE SECRETARY 5.00 X X 0 0 0 JIM GUILMART DIRECTOR 5.00 X 0 0 0 DAN YOUNGMAN DIRECTOR 5.00 X 0 0 0 MONTY SUMMA DIRECTOR 5.00 X 0 0 0 RICH RIFFLE GENERAL MANAGER 40.00 X 0 0 0 0 0 0 0 0 0 0 TROON GOLF 15044 N SCOTTSDALE ROAD SCOTTSDALE AZ 85254 CLUB MANAGEMENT 168647 1 MEMBERSHIP DUES 713910 4140845 4140845 OTHER MEMBER SERVICES 713910 529812 529812 CART RENTALS / GREEN F 713910 354019 100461 253558 GOLF LESSONS 713910 90933 81491 9442 GOLF RANGE AND RENTALS 713910 58061 58061 5173670 50349 50349 319903 265097 54806 51061 3745 5278825 4961731 317094 0 1919937 25 241054 149336 132000 2995 29450 15798 30485 37028 542855 3816 148999 730973 51636 UBIT 3142 LANDSCAPING AND GROUNDS 310260 EQUIPMENT RENTAL AND MA 163163 TOURNAMENTS 159235 393880 5066067 288666 260048 932001 1205010 100631 161627 138989 111546 28697 50943 15337150 3111077 12370661 12226073 754488 968897 110985 81034 14725118 15065178 331104 360690 6554 1991 3928951 3553256 824695 1292205 5091304 5208142 X 9633814 9857036 9633814 9857036 14725118 15065178 212758 10464 0 X 0 1 X 1 0 3307174 3307174 946273 691681 254592 728596 560336 168260 10355107 1859060 8496047 12226073 MEMBERSHIP DEPOSITS 669223 MEMBER CREDITS AND CERTIFICATES 83725 THIRD-PARTY REIMBURSEMENTS 68688 OPERATING LEASE LIABILITY 81034 FINANCE LEASE LIABILITY 389535 1292205 X 5137073 265097 265097 4871976 406849 406849 5278825 5182165 265097 265097 4917068 148999 148999 5066067 PART X, LINE 2: THE CLUB BELIEVES THAT THE ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 265,097. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBER CONTRIBUTION - TRANSFER FEES 356,500. INTEREST INCOME 50,349. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 265,097. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 148,999. FORM 990, PART VI, SECTION A, LINE 3 TERRAVITA GOLF CLUB, INC. ("THE CLUB") OPERATES UNDER A PRIVATE GOLF MANAGEMENT AGREEMENT WITH TROON GOLF, LLC ("TROON"). TROON OPERATES THE CLUB'S DAY-TO-DAY ACTIVITIES AS DIRECTED BY THE ORGANIZATION'S BOARD OF DIRECTORS. THE CLUB HAS NO EMPLOYEES OF ITS OWN. THE CONTRACT CALLS FOR A BASE MANAGEMENT FEE AND CERTAIN FIXED AND VARIABLE COSTS SPECIFICALLY IDENTIFED TO RUNNING THE CLUB. THE SPECIFICALLY IDENTIFIED COSTS ARE NOT INCLUDED AS PART OF THE MANAGEMENT FEE REPORTED ON PART VII, SECTION B. INSTEAD, THEY ARE REPORTED ON THE APPROPRIATE NATURAL EXPENSE LINE ON PART IX, INCLUDING $1,919,937 IN REIMBURSED SALARIES AND WAGES, $241,054 OF "EMPLOYEE" BENEFITS AND $149,336 OF PAYROLL TAXES. THE FOLLOWING INDIVIDUAL WAS DENTIFIED AS THE CLUB'S TOP MANAGEMENT OFFICIAL AND IS LISTED AS AN OFFICER IN PART VII. IN 2023, HE RECEIVED COMPENSATION FROM TROON GOLF, LLC FOR HIS SERVICES. RICH RIFFLE - REPORTABLE COMP: $112,500 - OTHER COMP: $0 FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERS WITH THE RIGHTS TO ELECT THE DIRECTORS OF THE BOARD, APPROVE SIGNIFICANT DECISIONS OF THE BOARD AND RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS ARE ELECTED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE REGARDING ASSESSMENTS, INCREASE IN ANNUAL DUES, CHANGES TO THE BYLAWS, AND DISTRIBUTION OF ASSETS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED BY THE CLUB'S CONTROLLER AND IS MADE READILY AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION DOES NOT MAKE ITS DOCUMENTS AVAILABLE TO THE PUBLIC. ONLY GOLF MEMBERS HAVE ACCESS TO THE DOCUMENTS THROUGH THE WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS KEPT READILY AVAILABLE IN THE ACCOUNTING OFFICE OF THE CLUB.