2025-10-14T14:12:59-05:00 2024-11-30 470574775 FRANKEL LLC 11404 WEST DODGE RD SUITE 700 OMAHA NE 681542576 990 2023-12-01 470365283 HAPPY HOLLOW CLUB HAPP 4023912341 1701 S 105TH STREET OMAHA NE 681241014 TOM SIMMONS TREASURER 4023912341 2025-10-12 1 0 DAN J DAVIS P01084317 4024969100 2023 2025-03-06 01:10:19Z GIL RUSSELL 1701 S 105TH STREET OMAHA NE 681241014 17120147 0 X WWW.HAPPYHOLLOWCLUB.COM X 1907 NE CLUB ORGANIZED FOR SOCIAL, RECREATIONAL AND OTHER ACTIVITIES. 10 10 434 0 1373335 0 7233454 7849735 2262626 2478876 32407 35892 3606790 3614520 13135277 13979023 0 0 0 0 7636124 7843360 0 0 0 5892519 6053697 13528643 13897057 -393366 81966 16277325 15713233 8575704 7927271 7701621 7785962 CLUB ORGANIZED FOR SOCIAL, RECREATIONAL AND OTHER ACTIVITIES. 0 0 N/A 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 12 0 1 434 1 1 1 0 0 0 1 1 791683 2142757 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 1 1 0 X JEFF TYSON 4026149506 1701 S 105TH STREET OMAHA NE 68124 STEVE OLSEN PRESIDENT 1.00 X X 0 0 0 DAN GUINAN VICE PRESIDENT 1.00 X X 0 0 0 DAVID SHIMOKAWA TREASURER 1.00 X X 0 0 0 MELISSA HEGARTY SECRETARY 1.00 X X 0 0 0 DR GIFFITH EVANS DIRECTOR 1.00 X 0 0 0 TERESE JUNG DIRECTOR 1.00 X 0 0 0 GABE COMPTON DIRECTOR 1.00 X 0 0 0 DR JIM SMITH II DIRECTOR 1.00 X 0 0 0 TOM SIMMONS DIRECTOR 1.00 X 0 0 0 JOHN THOMAS DIRECTOR 1.00 X 0 0 0 GIL RUSSELL GENERAL MANAGER 40.00 X 138353 0 23178 JEFF TYSON FINANCIAL MANAGER 40.00 X 124967 0 20308 MIKE ANTONIO GOLF PROFESSIONAL 40.00 X 191905 0 20160 PETER SCHMIDT GREENS SUPERINTENDENT 40.00 X 165445 0 25153 DAVE SCHNEIDER GENERAL MANAGER THRU 7/15/23 40.00 X 190126 0 0 JOSHUA RAYMOND DIRECTOR OF TENNIS 40.00 X 105706 0 9672 BRENDEN BROWN EXECUTIVE CHEF 40.00 X 130895 0 19097 1047397 0 117568 7 0 1 0 0 7849735 7849735 GREEN-TENNIS-SWIM FEES 713910 971863 965791 6072 MEMBERSHIP ENTRY FEES 713910 791683 791683 RENTAL FEES 713910 300519 298502 2017 LOCKER ROOMS AND CLUB STORAGE 713910 251160 251160 MISCELLANEOUS 722100 163651 154799 8852 2478876 35892 35892 6755644 3141124 3614520 2258126 1356394 13979023 4720061 1373335 35892 762403 5594588 709753 776616 28200 303957 869527 664002 50448 256988 1733383 465882 REPAIRS AND MAINTENANCE 681908 REAL ESTATE & PERSONAL 216538 CHEMICALS AND FERTILIZE 210669 DECORATION EXPENSE 107132 465063 13897057 2300 2300 1126968 1662858 894889 897022 678935 645488 58045 54470 33258844 20888044 13386495 12370800 129693 80295 16277325 15713233 512288 623380 6686041 6076346 1377375 1227545 8575704 7927271 X 7701621 7785962 7701621 7785962 16277325 15713233 X 81966 2375 X X 0 1 X 1 0 44284 44284 20658772 10833269 9825503 8372668 7042262 1330406 4183120 3012513 1170607 12370800 DEFERRED DUES AND LOCKERS 358509 ACCRUED PAYROLL 514490 ACCRUED VACATION 215874 PROPERTY AND SALES TAXES PAYABLE 54198 OBLIGATION FOR FINANCE LEASES 19757 OBLIGATION FOR OPERATING LEASES 64717 1227545 X 17120147 3141124 3141124 13979023 0 13979023 17038181 3141124 3141124 13897057 0 13897057 PART X, LINE 2: THE CLUB IS A SOCIAL CLUB GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)7. ACCOUNTING STANDARDS REQUIRE DISCLOSURE AND RECOGNITION IN FINANCIAL STATEMENTS FOR POSITIONS TAKEN IN TAX RETURNS ABOUT THE TREATMENT OF TRANSACTIONS AND EVENTS THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. TAX POSITIONS RELATIVE TO AN EXEMPT ORGANIZATION INCLUDE ACTIVITIES THAT MAY ENDANGER ITS STATUS AS AN EXEMPT ORGANIZATION. THE CLUB BELIEVES IT COMPLIES WITH ALL RELEVANT TAX LAWS AND REGULATIONS AND HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,141,124. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 3,141,124. X X 0 0 0 MIKE ANTONIO GOLF PROFESSIONAL 168299 0 18172 0 5434 0 8215 0 11945 0 212065 0 0 0 PETER SCHMIDT GREENS SUPERINTENDENT 146943 0 15750 0 2752 0 7031 0 18122 0 190598 0 0 0 DAVE SCHNEIDER GENERAL MANAGER THRU 7/15/23 152363 0 36196 0 1567 0 0 0 0 0 190126 0 0 0 GIL RUSSELL GENERAL MANAGER 136885 0 0 0 1468 0 5984 0 17194 0 161531 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS STOCKHOLDERS AND THE STOCKHOLDERS ARE MEMBERS OR WERE FORMER MEMBERS. NO PART OF THE ASSETS OR EARNINGS OF THE CLUB SHALL INURE TO THE BENEFIT OF, OR BE DISTRIBUTABLE TO ANY MEMBER OR OFFICER OF THE CLUB, EXCEPT AS A PART OF THE BENEFITS PROVIDED TO THE MEMBERS GENERALLY. NO STOCKHOLDER OF THE CLUB MAY SELL, ASSIGN, TRANSFER, ENCUMBER OR OTHERWISE DISPOSE OF HIS/HER STOCK EXCEPT TO THE CLUB. IF A STOCKHOLDER RESIGNS, DIES OR FOR ANY OTHER REASON CEASES TO BE A MEMBER OF THE CLUB, HIS/HER STOCK AND ALL RIGHT, TITLE AND INTEREST THEREIN SHALL REVERT TO THE CLUB UPON PAYMENT TO HIM/HER OF THE PAR VALUE THEREOF. FORM 990, PART VI, SECTION A, LINE 7A THE STOCKHOLDERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B A SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL THE PROPERTY AND ASSETS OF THE CLUB MAY BE MADE ONLY UPON THE RECOMMENDATION BY RESOLUTION OF THE BOARD OF DIRECTORS FOLLOWED BY THE AUTHORIZATION OF AT LEAST TWO THIRDS OF THE STOCKHOLDERS ENTITLED TO VOTE AT AN ANNUAL OR SPECIAL MEETING OF THE STOCKHOLDERS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCIAL MANAGER AND AN OFFICER OF THE BOARD (USUALLY THE TREASURER) PROVIDE A DETAILED REVIEW OF THE FORM 990. ONCE ALL INQUIRIES HAVE BEEN ADDRESSED AND THE RETURN IS FINALIZED, THE OFFICER SIGNS AND FILES THE FORM 990. THE FINAL RETURN IS PRESENTED TO THE REST OF THE BOARD FOR APPROVAL AFTER THE RETURN HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB COMPARES COMPENSATION INFORMATION OF MANAGEMENT STAFF WITH OTHER TOP CLUBS IN THE MIDWEST. THE DIRECTORS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 18 THE RELATED TAX DOCUMENTS ARE AVAILABLE AT THE CLUB OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM THE CLUB OFFICE. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE MAILED TO ALL STOCKHOLDERS. FORM 990, PART XI, LINE 9: PURCHASE OF CAPITAL STOCK -7,250. ISSUANCE OF CAPITAL STOCK 9,625. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.