2025-11-13T12:39:42-06:00 2024-12-31 934792291 SORREN INC 161 5TH AVE S STE 200 TWIN FALLS ID 83301 990 2024-01-01 820189612 BLUE LAKES COUNTRY CLUB INC BLUE 2087332330 PO BOX 5729 TWIN FALLS ID 833035729 SCOTT MEADE PRESIDENT 2087332330 2025-11-12 1 1 L TODD AMES P00194767 2087348932 2025-11-12 2024 2025-03-06 01:10:19Z SCOTT MEADE 427 EASTLAND DR S TWIN FALLS ID 83301 6301214 0 X WWW.BLUELAKESCC.COM X 1981 ID THE ENTITY WAS ORGANIZED EXCLUSIVELY FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. THE CLUB OPERATES A GOLF COURSE, A CLUBHOUSE, AND OTHER RECREATIONAL FACILITIES FOR SWIMMING AND FISHING. 12 12 134 12 641085 0 0 0 4863317 6157910 42507 143304 0 0 4905824 6301214 0 0 0 0 1915846 1969489 0 0 0 2339132 2332803 4254978 4302292 650846 1998922 7124672 11383024 721584 3308064 6403088 8074960 THE ENTITY WAS ORGANIZED EXCLUSIVELY FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. THE CLUB OPERATES A GOLF COURSE, A CLUBHOUSE, AND OTHER RECREATIONAL FACILITIES FOR SWIMMING AND FISHING. 0 0 NOT APPLICABLE. 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 13 0 1 134 1 1 1 0 0 0 0 0 195349 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 1 0 ID X BLUE LAKES COUNTRY CLUB INC 2087332330 PO BOX 5729 TWIN FALLS ID 83303 X SCOTT MEADE PRESIDENT 1.00 X X 0 0 0 RICK ONAINDIA VICE PRESIDENT 1.00 X X 0 0 0 TODD COOK SECRETARY/TREASURER 1.00 X X 0 0 0 MASON HARPER PAST PRESIDENT 0.50 X 0 0 0 AMBER BALBAS DIRECTOR 0.50 X 0 0 0 ALAN STUTZMAN DIRECTOR 0.50 X 0 0 0 SCOTT STANDLEY DIRECTOR 0.25 X 0 0 0 BECKY HARSHBARGER DIRECTOR 0.25 X 0 0 0 GRAYSON STONE DIRECTOR 0.25 X 0 0 0 LANCE LEBARON DIRECTOR 0.25 X 0 0 0 JASON GREENHALGH DIRECTOR 0.50 X 0 0 0 JULIE JONES DIRECTOR 0.25 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 713910 3835778 3835778 GOLF COURSE 713910 1184371 1002022 182349 FOOD & BEVERAGE SALES 713910 1137761 809329 328432 6157910 130304 130304 13000 0 13000 13000 13000 6301214 5647129 641085 13000 1778021 30388 161080 1938 27472 64101 42954 492777 27350 365975 311815 COST OF GOODS SOLD 837753 OTHER 50963 CREDIT CARD DISCOUNTS 36668 DECORATIONS 34191 38846 4302292 1527053 1030199 753622 189556 512221 138798 188106 223197 33201 34073 16021496 6350127 3942625 9671369 167844 95832 7124672 11383024 237800 260337 305669 2946189 178115 101538 721584 3308064 X 5631943 7656169 771145 418791 6403088 8074960 7124672 11383024 X 1998922 -327050 X 0 1 X 1 0 6266587 6266587 3829304 2665123 1164181 3536376 2109323 1427053 2389229 1575681 813548 9671369 RIGHT OF USE LIABILITY 101538 101538 X 5463461 0 5463461 837753 837753 6301214 3464539 0 3464539 837753 837753 4302292 PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE CLUB MAY RECOGNIZE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEARS 2024 OR 2023. THE CLUB FILES FORM 990 AND 990T IN THE U.S. FEDERAL JURISDICTION. THE CLUB IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NET FROM REVENUE 837,753. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NET FROM REVENUE 837,753. FORM 990, PART VI, SECTION A, LINE 6 AS DESCRIBED BY THE EXEMPT PURPOSE, THE ORGANIZATION PROVIDES RECREATION OPPORTUNITIES TO ITS MEMBERS. SINCE THIS ORGANIZATION IS A PRIVATE SOCIALCLUB UNDER 501(C)(7), ALL OF THE FUNDS FOR OPERATIONS COMES FROM ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS (GOVERNING BODY) IS ELECTED BY THE MEMBERS OF THECLUB. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING AND ENSURES ANY QUESTIONS ARE SATISFIED. PREPARER REVIEWS IRS GUIDELINES WITH COMMITTEE AND EXPLAINS REQUIREMENTS. UPON APPROVAL, THE FORM 990 IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST POLICY WHENVOTED TO THE BOARD. THAT POLICY REQUIRES DISCLOSURE OF CONFLICTS ORPOTENTIAL CONFLICTS DURING THE ENTIRE TIME THEY SERVE ON THE BOARD. THEBOARD COLLECTIVELY MONITORS CONFLICTS AND POTENTIAL CONFLICTS TO ENSURE THEORGANIZATION'S EXEMPT PURPOSES ARE ACCOMPLISHED AND THE INTEGRITY OF THEEXEMPT FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEE COMPENSATION IS RESEARCHED AND COMPARED TO OTHER SOCIAL CLUBSALL EMPLOYEE COMPENSATION IS RESEARCHED AND COMPARED TO OTHER SOCIAL CLUBSTO ENSURE COMPARABILITY. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST RECEIVED BY T HE ORGANIZATION. COPIES OF REQUESTED DOCUMENTS WILL BE PROVIDED IN PERSON OR SENT OUT WITHIN 30 DAYS OF A WRITTEN REQUEST. FORM 990, PART XI, LINE 9: TO REFLECT RESTATEMENT OF 2023 FINANCIAL STATEMENTS -327,050.