2025-09-09T15:46:40-05:00 2024-10-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-11-01 591411717 BANYAN GOLF CLUB OF PALM BEACH INC BANY 5617932800 1393 LYONS ROAD WEST PALM BEACH FL 33411 COURTNEY BIBBY GENERAL MANAGER 5617932800 2025-09-09 1 0 CHRISTOPHER CECIL P01877773 5616791785 2025-09-09 2023 2025-03-06 01:10:19Z ROBERT ANTHONY 1393 LYONS ROAD WEST PALM BEACH FL 33411 8960078 0 X WWW.BANYANGOLFCLUB.COM X 1972 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 110 16 424787 275412 0 0 7299380 7717941 515063 336281 396931 467121 8211374 8521343 0 0 0 0 4293650 4518067 0 0 0 4602145 5108998 8895795 9627065 -684421 -1105722 18920120 21382248 10616432 10704067 8303688 10678181 BANYAN GOLF CLUB OF PALM BEACH, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 RESTAURANT/BAR TOTAL REVENUES DURING THE YEAR WAS $900,888 OF WHICH $46,245 WAS NON-MEMBER RELATED. GOLF COURSE- ROUNDS PLAYED DURING THE YEAR WERE 23,000 OF WHICH 570 WERE NON-MEMBER RELATED. GOLF RELATED INCOME FROM NON-MEMBERS WAS $63,782 FOR THE YEAR ENDED 10/31/24. 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 14 0 110 1 1 1 0 0 0 1 1 0 110027 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 X MARLOW YURICK 5617932800 1393 LYONS ROAD WEST PALM BEACH FL 33411 ROBERT ANTHONY PRESIDENT 10.00 X X 0 0 0 RICHARD SHEERR VICE-PRESIDENT/TREASURER 1.00 X X 0 0 0 STEVEN POKOTILOW SECRETARY 1.00 X X 0 0 0 BRETT BENIK DIRECTOR 1.00 X 0 0 0 ELLEN HARRIS DIRECTOR 1.00 X 0 0 0 WENDY KAPNEK DIRECTOR 1.00 X 0 0 0 JEFFREY KOBERNICK DIRECTOR 1.00 X 0 0 0 JAMES MOGAN DIRECTOR 1.00 X 0 0 0 JEFFREY STERN DIRECTOR 1.00 X 0 0 0 BARRY SYLVETSKY DIRECTOR 1.00 X 0 0 0 ROBERT TROW EX-OFFICIO 1.00 X 0 0 0 JANE ZIMMERMAN DIRECTOR 1.00 X 0 0 0 COURTNEY BIBBY GENERAL MANAGER 40.00 X 224670 0 5747 DAVID F EBY DIRECTOR OF GOLF 40.00 X 253014 0 561 NATHAN WALLACE SUPERINTENDENT 40.00 X 269035 0 2111 DENISE CONNELL MEMBERSHIP DIRECTOR 40.00 X 170910 0 10990 917629 0 19409 4 0 1 0 0 MEMBER DUES & ASSMTS 713910 6553479 6553479 CART RENTALS 713910 673073 673073 GREENS FEES 713910 301439 237657 63782 BAG STORAGE FEES 713910 95035 95035 LOCKER RENTALS 713910 94915 94915 7717941 336281 336281 1000 0 1000 1000 1000 900888 438735 462153 438429 23724 OTHER REVENUE 713910 3968 3968 3968 8521343 8096556 424787 0 3896502 621565 182921 1199488 INCOME TAX 65424 GOLF COURSE MAINTENANCE 1672335 ADMINISTRATIVE 641707 FOOD AND BEVERAGE 607793 739330 9627065 6328119 8943607 2301860 1773195 1828319 894125 38145 37514 281311 182822 23308807 13808325 8026368 9500482 115998 50503 18920120 21382248 625868 695402 4456643 5031238 5374098 4883099 159823 94328 10616432 10704067 X 8303688 10678181 8303688 10678181 18920120 21382248 X -1105722 3480215 X X 0 1 X 1 0 518634 518634 9138663 5823344 3315319 5444370 3469265 1975105 8207140 4515716 3691424 9500482 DUE TO RESIGNED MEMBERS 25272 CERTIFICATES OF INDEBTEDNESS 18000 FINANCE LEASE LIABILITY 31622 OPERATING LEASE LIABILITY 19434 94328 X 8908218 0 8908218 -386875 -386875 8521343 10065800 438735 438735 9627065 0 9627065 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 INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -438,735. INTEREST INCOME 51,860. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 438,735. X X X X 0 0 0 NATHAN WALLACE SUPERINTENDENT 240035 0 23000 0 6000 0 0 0 2111 0 271146 0 0 0 DAVID F EBY DIRECTOR OF GOLF 226365 0 10400 0 16249 0 0 0 561 0 253575 0 0 0 COURTNEY BIBBY GENERAL MANAGER 214912 0 0 0 9758 0 0 0 5747 0 230417 0 0 0 DENISE CONNELL MEMBERSHIP DIRECTOR 163910 0 7000 0 0 0 0 0 10990 0 181900 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: REGULAR MEMBERS FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS REQUIRE THE APPROVAL OF THE MEMBERS ELIGIBLE TO VOTE: SINGLE CAPITAL OR REPAIR EXPENDITURES IN EXCESS OF $500,000, AND THE PURCHASE, SALE, LEASE OR MORTGAGE OF ANY REAL PROPERTY OR INTEREST. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE GENERAL MANAGER AND A BOARD MEMBER. THE FORM 990 IS REVIEWED WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEE SALARIES ARE REVIEWED BY THE PRESIDENT & TREASURER DURING BUDGET PREPARATION. GOLF PRO AND GOLF COURSE SUPERINTENDENT HAVE CONTRACTS THAT SPECIFY ANNUAL REVIEW OF COMPENSATION. COMPARABLE DATA IS ALSO USED IN DETERMINING COMPENSATION. 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 GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE CLUB WEBSITE AND UPON REQUEST. THE CONFLIC OF INTEREST POLICY IS AVAILABLE THROUGH INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION FEES 1,974,250. CAPTIAL ASSESSMENTS 1,557,825. INTEREST INCOME NOT INCLUDED IN AUDITED FINANCIAL STATEMENTS -51,860. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.