2025-11-14T15:10:55-06:00 2024-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2024-01-01 540698591 RIVER BEND GOLF AND COUNTRY CLUB INC RIVE 7037593030 375 WALKER ROAD GREAT FALLS VA 220663503 SUZANNE LONGO CFO 7037593030 2025-11-11 1 0 CHRISTOPHER CECIL P01877773 5617124808 2025-11-10 2024 2025-03-06 01:10:19Z LEE MACKAY 375 WALKER ROAD GREAT FALLS VA 220663503 16385967 0 X WWW.RBGCC.ORG X 1961 VA TO OPERATE AS A PRIVATE SOCIAL CLUB FOR THE SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS. 7 7 297 92 662304 99936 0 0 9375990 10169979 159485 108962 4079296 3687781 13614771 13966722 0 0 0 0 9002957 9438893 0 0 0 7569834 7514590 16572791 16953483 -2958020 -2986761 32324596 33151366 6435004 6481153 25889592 26670213 X RIVER BEND STRIVES TO BE THE BEST FAMILY-ORIENTED, MEMBER-OWNED COUNTRY CLUB IN THE AREA, WITH A FRIENDLY ENVIRONMENT AND HIGH QUALITY FACILITIES, SERVICES, PROGRAMS AND PROFESSIONAL STAFF, SO THAT EVERY ASPECT OF THE RIVER BEND EXPERIENCE CONSISTENTLY FULFILLS THE MEMBERSHIP'S EXPECTATIONS. 0 0 RIVER BEND COUNTRY CLUB OPERATES AND MAINTAINS FACILTIES FOR THE SOCIAL AND RECREATIONAL USE OF 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 25 0 1 297 1 1 1 0 0 0 1 1 0 721775 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUE LONGO 7037593030 375 WALKER ROAD GREAT FALLS VA 22066 DAN MAGUIRE PRESIDENT 8.00 X X 0 0 0 KEN KISER VICE PRESIDENT 2.00 X X 0 0 0 ALLYSON HIGGINS SECRETARY 2.00 X X 0 0 0 JON SHAMES TREASURER 4.00 X X 0 0 0 JEREMY BARDIN DIRECTOR 2.00 X 0 0 0 SOMSAK CHIVAVIBUL DIRECTOR (THROUGH 11/21/24) 2.00 X 0 0 0 MICHAEL STOLTZ DIRECTOR (THROUGH 11/21/24) 2.00 X 0 0 0 JON BUCKINGHAM DIRECTOR 2.00 X 0 0 0 BILL GOODSON DIRECTOR 2.00 X 0 0 0 KIRK BOYD DIRECTOR (AS OF 11/21/24) 2.00 X 0 0 0 CHRIS MCARDLE DIRECTOR (AS OF 11/21/24) 2.00 X 0 0 0 STEPHANIE ANDERSON CFO 55.00 X 254338 0 24781 LEE MACKAY GENERAL MANAGER/COO 55.00 X 352534 0 22730 LUKE FISHER DIRECTOR OF AGRONOMY 55.00 X 279174 0 19322 TREVOR SPRACKLIN DIRECTOR OF RACQUETS 55.00 X 314581 0 22473 ANDREW BONN DIRECTOR OF GOLF 55.00 X 265623 0 17243 TREVER TRAVIS EXECUTIVE CHEF 55.00 X 182607 0 18618 KIRK LUCAS GOLF PROFESSIONAL 55.00 X 220356 0 3823 ZACHARY ALLEN DIRECTOR OF PLAYER DEVELOPMENT 55.00 X 248064 0 7409 2117277 0 136399 13 0 1 0 0 MEMBERSHIP DUES 713910 7584651 7584651 GOLF OPERATIONS 713910 1263568 1147645 115923 TENNIS FEES 713910 816532 798466 18066 FITNESS/SPA 713910 219667 219667 LOCKER FEES 713910 155601 155601 129960 129960 10169979 127771 127771 18809 -18809 -18809 -18809 6050907 2400436 3650471 3249927 400544 MISCELLANEOUS REVENUES 713910 34730 34730 OTHER INCOME 713910 2580 2580 37310 13966722 13323227 662304 -18809 8261677 1177216 743929 52851 2778980 GOLF COURSE MAINTENANCE 976415 FOOD & BEVERAGE 676796 ADMINISTRATIVE & GENERA 641755 GOLF OPERATIONS 529333 1114531 16953483 140570 261549 5017546 3766751 1529232 1790401 641694 656004 495137 876115 57315219 32679279 21932721 24635940 1676564 498171 891132 666435 32324596 33151366 1056446 1389005 890111 1169838 3712369 3358919 776078 563391 6435004 6481153 X 25849137 26629169 40455 41044 25889592 26670213 32324596 33151366 X -2986761 3767382 X X 0 1 X 1 0 2969449 2969449 30583700 19835638 10748062 1440367 977194 463173 22321703 11866447 10455256 24635940 DEFERRED COMPENSATION LIABILITY 50641 OPERATING LEASE LIABILITY - CURRENT 268830 OPERATING LEASE LIABILITY - LONG-TERM 243920 563391 X 16367158 0 16367158 -2400436 -2400436 13966722 19353919 2400436 2400436 16953483 0 16953483 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,400,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,400,436. X X X X X 0 0 0 LEE MACKAY GENERAL MANAGER/COO 294955 0 57579 0 0 0 8684 0 14046 0 375264 0 0 0 TREVOR SPRACKLIN DIRECTOR OF RACQUETS 303382 0 11199 0 0 0 8427 0 14046 0 337054 0 0 0 LUKE FISHER DIRECTOR OF AGRONOMY 233661 0 45513 0 0 0 10268 0 9054 0 298496 0 0 0 ANDREW BONN DIRECTOR OF GOLF 229748 0 35875 0 0 0 7078 0 10165 0 282866 0 0 0 STEPHANIE ANDERSON CFO 212023 0 42315 0 0 0 10735 0 14046 0 279119 0 0 0 ZACHARY ALLEN DIRECTOR OF PLAYER DEVELOPMENT 246915 0 1149 0 0 0 4555 0 2854 0 255473 0 0 0 KIRK LUCAS GOLF PROFESSIONAL 219368 0 988 0 0 0 0 0 3823 0 224179 0 0 0 TREVER TRAVIS EXECUTIVE CHEF 162591 0 20016 0 0 0 6805 0 11813 0 201225 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ARTICLE 3 - MEMBERSHIP 3.1 GENERAL PROVISIONS 3.1.1 MEMBERS. MEMBERS SHALL BE DIVIDED INTO THREE (3) GENERAL CATEGORIES: REGULAR, LIMITED AND SENIOR, AND SUCH SUBCATEGORIES AS ARE PROVIDED FOR IN THESE BYLAWS. MEMBERS SHALL HAVE THE PRIVILEGES AND OBLIGATIONS AS SET FORTH IN THESE BYLAWS AND THE RULES. EACH MEMBER SHALL BE AT LEAST TWENTY-ONE (21) YEARS OF AGE. IN THE CASE OF A MARRIED COUPLE UNLESS BOTH SPOUSES ARE MEMBERS, ONLY ONE (1) SPOUSE WILL BE DEEMED TO BE THE MEMBER AS DESIGNATED ON THE ORIGINAL MEMBERSHIP ACKNOWLEDGEMENT. THE TOTAL NUMBER OF ALL MEMBERSHIPS WHICH ARE ACTIVE SHALL BE AS DETERMINED AND PUBLISHED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ARTICLE 3 - MEMBERSHIP 3.2 CATEGORIES OF MEMBERSHIP. UPON PAYMENT OF ALL THE REQUIRED PORTION(S) OF THE INITIATION CONTRIBUTION, THE FOLLOWING SHALL APPLY TO MEMBERS SUBJECT TO, AND IN ACCORDANCE WITH, THE RESTRICTIONS SET FORTH IN THE RULES AND REGULATIONS. 3.2.1 REGULAR MEMBER. A REGULAR MEMBER HAS THE RIGHT TO VOTE, TO HOLD OFFICE, AND TO A PROPRIETARY INTEREST IN THE ASSETS OF THE CLUB, SUBJECT TO FULL PAYMENT OF THE TOTAL INITIATION CONTRIBUTION. 3.2.4 LIMITED MEMBER. A LIMITED MEMBER DOES NOT HAVE THE RIGHT TO VOTE, TO HOLD OFFICE OR TO A PROPRIETARY INTEREST IN THE ASSETS OF THE CLUB. THE BOARD OF DIRECTORS HAS THE AUTHORITY TO ESTABLISH THE ADMISSION REQUIREMENTS AND LIMITS ON THE NUMBER OF MEMBERSHIPS IN ANY OF THE FOLLOWING SUBCATEGORIES OF LIMITED MEMBERSHIP. 3.2.5 SENIOR MEMBER. A SENIOR MEMBER DOES NOT HAVE THE RIGHT TO VOTE OR HOLD OFFICE, BUT DOES HAVE A PROPRIETARY INTEREST IN THE ASSETS OF THE CLUB. A SENIOR MEMBER AND HIS/HER IMMEDIATE FAMILY SHALL BE ENTITLED TO USE ALL OF THE CLUB FACILITIES WITH LIMITED GOLF PRIVILEGES IN ACCORDANCE WITH THE RULES. A SENIOR MEMBERSHIP MAY ONLY BE GRANTED TO A REGULAR FAMILY MEMBER OR REGULAR SINGLE MEMBER WHO HAS ATTAINED SIXTY-FIVE (65) YEARS OF AGE AND HAS BEEN A MEMBER FOR TWENTY (20) CONTINUOUS YEARS OR MORE. SENIOR MEMBERS SHALL NOT BE SUBJECT TO ANY CAPITAL ASSESSMENTS, BUT SHALL BE SUBJECT TO OPERATING ASSESSMENTS. NO ELIGIBLE MEMBER MAY BE ADMITTED TO THIS CATEGORY OF MEMBERSHIP IF SUCH ADMISSION WOULD CAUSE THE TOTAL NUMBER OF SENIOR MEMBERS TO EXCEED SIX PERCENT (6%) OF ACTIVE MEMBERSHIPS. ARTICLE 9 - MEMBERSHIP MEETINGS SECTION 9.1 ANNUAL MEMBER MEETING. THE ANNUAL MEETING OF THE MEMBERS ("ANNUAL MEETING") SHALL BE HELD AT THE CLUB AT A TIME AND PLACE DESIGNATED IN THE NOTICE DELIVERED BY REGULAR MAIL OR ELECTRONICALLY AT LEAST TEN (10) DAYS PRIOR TO SUCH MEETING. ALTERNATIVELY, THE ANNUAL MEETING MAY BE HELD ELECTRONICALLY, IF DETERMINED BY THE BOARD TO BE IN THE BEST INTEREST OF THE CLUB AND MEMBERS MAY PARTICIPATE IN THE ELECTRONIC MEETING IN A MANNER SIMILAR TO AN IN-PERSON MEETING. TEN PERCENT (10%) OF THE MEMBERSHIP ELIGIBLE TO VOTE IN ATTENDANCE, WHETHER IN PERSON, ELECTRONICALLY, OR BY PROXY SHALL CONSTITUTE A QUORUM. THE AFFIRMATIVE VOTE OF A MAJORITY OF THE ELIGIBLE VOTING INTERESTS CAST SHALL BE THE ACT OF THE CLUB, EXCEPT AS OTHERWISE PROVIDED BY LAW, BY THE ARTICLES OF INCORPORATION, OR THESE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE 15 - INTERPRETATION SECTION 15.1 THE INTERPRETATION OF THESE BYLAWS SHALL REST WITH THE BOARD UNLESS AND UNTIL SUPERSEDED BY A TWO-THIRDS (2/3) MAJORITY OF THE ELIGIBLE VOTING INTERESTS CAST AT AN ANNUAL MEETING OR SPECIAL MEETING CALLED FOR SUCH PURPOSE. ARTICLE 16 - LIQUIDATION. SECTION 16.1 DISSOLUTION. A SALE OR DISPOSITION OF SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CLUB OR THE DISSOLUTION OF THE CLUB SHALL REQUIRE A VOTE IN FAVOR OF SUCH SALE OR DISSOLUTION BY A TWO-THIRDS (2/3) MAJORITY OF THE TOTAL ELIGIBLE VOTING INTERESTS. SECTION 16.2 PROCEDURES. UPON A DISSOLUTION AND LIQUIDATION OF THE CLUB FOR ANY REASON, THE BOARD SHALL CAUSE THE CLUB'S INDEPENDENT ACCOUNTANTS TO MAKE A FULL AND PROPER ACCOUNTING OF THE ASSETS, LIABILITIES AND OPERATIONS OF THE CLUB, AS OF AND INCLUDING THE LAST DAY OF THE MONTH IN WHICH THE DISSOLUTION OCCURS, AND SHALL LIQUIDATE THE ASSETS AS PROMPTLY AS IS CONSISTENT WITH OBTAINING THE FAIR VALUE THEREOF, AND SHALL APPLY AND DISTRIBUTE THE PROCEEDS THERE FROM AS FOLLOWS AND IN THE FOLLOWING ORDER OF PRIORITY: 16.2.1 LIABILITIES. ALL LIABILITIES AND OBLIGATIONS OF THE CLUB SHALL BE PAID AND DISCHARGED, OR ADEQUATE PROVISIONS SHALL BE MADE THEREFORE. 16.2.2 REQUIRED RETURN, TRANSFER OR CONVEYANCE OF ASSETS. ASSETS HELD BY THE CLUB UPON CONDITION REQUIRING RETURN, TRANSFER, OR CONVEYANCE, WHICH CONDITION OCCURS BY REASON OF DISSOLUTION, SHALL BE RETURNED, TRANSFERRED OR CONVEYED IN ACCORDANCE WITH SUCH REQUIREMENTS. 16.2.3 OUTSTANDING CERTIFICATES. ALL OUTSTANDING CERTIFICATES SHALL BE REDEEMED PURSUANT TO THESE BYLAWS AS IF THE MEMBERS OR FORMER MEMBERS AND OWNERS OF THE CERTIFICATES HAVE RESIGNED AS MEMBERS AND THERE WERE REPLACEMENT MEMBERS ADMITTED TO SUCCEED THEM. 16.2.4 REMAINING ASSETS. THE REMAINING ASSETS, IF ANY, SHALL BE DISTRIBUTED EQUALLY AMONG THOSE MEMBERS HOLDING A PROPRIETARY INTEREST IN THE ASSETS OF THE CLUB AS STATED ELSEWHERE IN THESE BYLAWS. SECTION 16.3 RIGHTS. MEMBERS SHALL LOOK SOLELY TO THE ASSETS OF THE CLUB FOR RETURN OF THEIR CERTIFICATE CONTRIBUTIONS. IF THE CLUB'S ASSETS REMAINING AFTER THE PAYMENT OR DISCHARGE OF ALL DEBTS AND LIABILITIES OF THE CLUB ARE INSUFFICIENT TO RETURN THEIR CONTRIBUTION EITHER IN PART OR IN FULL, THEY SHALL HAVE NO RECOURSE AGAINST THE CLUB, THE OFFICERS, THE BOARD, OR THE EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND MEMBERS OF THE FINANCE COMMITTEE AS APPOINTED. THE TREASURER PROVIDES COPIES TO THE BOARD OF DIRECTORS AFTER THE REVIEW AND THE CFO SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD AND COMMITTEES REVIEWS THE POLICY AND DISCLOSES ANY POTENTIAL CONFLICTS. ALL CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED AND APPROVED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER/COO AND KEY EMPLOYEES HAVE NEGOTIATED CONTRACTS WHICH ARE DISCUSSED, REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ANNUAL PERFORMANCE REVIEWS ARE CONDUCTED BY THE GENERAL MANAGER/COO FOR THE KEY EMPLOYEES WHICH ARE THEN DISCUSSED BY THE BOARD OF DIRECTORS WITH SALARY ADJUSTMENTS AND BONUSES BASED ON CONTRACT TERMS. THE PRESIDENT OF THE CLUB REVIEWES THE PERFORMANCE OF THE GENERAL MANAGER/COO WHICH IS DISCUSSED WITH THE BOARD OF DIRECTORS WITH SALARY ADJUSTMENTS AND BONUSES BASED ON CONTRACT TERMS. BOARD OF DIRECTORS DISCUSSIONS ARE DOCUMENTED IN EXECUTIVE SESSION MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE BY INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION FEES 2,627,588. CERTIFICATE REDEMPTIONS -221,355. CAPITAL ASSESSMENT 609,840. R. SARGEANT JUNIOR SCHOLARSHIP FUND 721. NET ASSETS WITH DONOR RESTRICTIONS RELEASED FROM RESTRICTIONS -132. MAINTENANCE, REPAIR AND REPLACEMENT ASSESSMENT 750,720. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.