2026-02-11T10:43:32-06:00 2025-03-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2024-04-01 941528424 SHARON HEIGHTS GOLF & COUNTRY CLUB SHAR 6506818503 2900 SAND HILL RD MENLO PARK CA 940257006 CARL A GRANT GENERAL MANAGER 6506818503 2026-02-06 1 1 KYLE RAKOVITCH P02463285 5617124808 2026-02-06 2024 2025-03-06 01:10:19Z KEN PELOWSKI 2900 SAND HILL RD MENLO PARK CA 940257006 29226962 0 X HTTPS://WWW.SHARONHEIGHTSGCC.COM/ X 1961 CA THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATION ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 9 9 166 10 1642506 259164 0 0 11895502 14831430 -459889 293551 10926694 11324004 22362307 26448985 0 0 0 0 9876186 11441004 0 0 0 7373082 9673671 17249268 21114675 5113039 5334310 74004108 81650719 27852189 30164490 46151919 51486229 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED & OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS - SEE PART VIII FOR ADDITIONAL INFORMATION. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 82 0 1 166 1 1 1 0 0 0 1 1 8333195 2346731 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X STEFANIE LUNA 6506818503 2900 SAND HILL RD MENLO PARK CA 940257006 JOSEPH DAVIS PRESIDENT 10.00 X X 0 0 0 JOHN ROBINSON TREASURER 2.00 X X 0 0 0 MARTY BITTER VICE PRESIDENT 2.00 X X 0 0 0 KEN PELOWSKI DIRECTOR 2.00 X 0 0 0 JULIANNE WAGNER DIRECTOR 2.00 X 0 0 0 MARK BAKER DIRECTOR 2.00 X 0 0 0 MAUDE SCOTT DIRECTOR 2.00 X 0 0 0 JOE HOGAN DIRECTOR 2.00 X 0 0 0 CORITO TOLENTINO DIRECTOR 2.00 X 0 0 0 STEFANIE LUNA CFO 40.00 X 335172 0 979 AARON GRANT GENERAL MANAGER 40.00 X 731822 0 31268 GARY ALSUP EXECUTIVE CHEF 40.00 X 200230 0 11951 CHAD TWADDLE GOLF COURSE SUPERINTENDENT 40.00 X 409779 0 8212 RONITA SANGANI DIRECTOR OF HR (THROUGH 5/24) 40.00 X 160276 0 4242 SHAWN COX DIRECTOR OF GOLF (AS OF 2/24) 2.00 X 309775 0 12949 AUGUSTO CORREA ASSISTANT GM (THROUGH 12/24) 2.00 X 218027 0 33502 2365081 0 103103 5 0 1 0 0 MEMBERSHIP DUES 713910 13539955 13539955 GOLF ACTIVITIES 713910 784613 585301 199312 SWIMMING AND TENNIS 713910 395697 395697 LOCKER ROOM 713910 111165 111165 14831430 292210 292210 16900 15559 1341 1341 1341 5709249 2762418 2946831 1795847 1150984 MEMBER CONTRIBUTIONS 713910 5292200 5292200 MASTER PLAN ASSESSMENTS 713910 3040995 3040995 INSURANCE PROCEEDS 713910 32233 32233 11745 11745 8377173 26448985 24772905 1642506 33574 X 1099242 8218855 2122907 81102 3392818 CLUBHOUSE OPERATIONS 1017803 GOLF COURSE MAINTENANCE 848080 FOOD 798603 WATER FACILITY SERVICES 788392 2746873 21114675 7828016 11395978 2021064 2715823 673199 764380 713170 985054 67350805 22742735 43493741 44608070 1919974 1926580 17354944 19254834 74004108 81650719 2874468 3362741 1369022 1600852 23608699 25200897 27852189 30164490 X 46151919 51486229 46151919 51486229 74004108 81650719 5334310 0 X X 0 1 X 1 0 1229659 1229659 29638622 15238610 14400012 1642907 1537304 105603 34839617 5966821 28872796 44608070 WATER RIGHTS 15118440 PREPAID LAND LEASE, NET 255024 RIGHT-OF-USE ASSETS FINANCE LEASE 2369854 WATER PROJECT DEPOSIT 1458404 RIGHT-OF-USE ASSETS OPERATING LEASE 53112 19254834 DEFERRED COMPENSATION PLAN 1926580 LONG TERM DEBT - WATER PROJECT LIABILITY 14599387 FINANCE LEASE OBLIGATIONS 2398960 DEFERRED MASTER PLAN ASSESSMENT 420000 DEFERRED ASSOCIATE JUNIOR INITIATION FEES 812550 OPERATING LEASE OBLIGATION 53112 CONSTRUCTION LOAN 4990308 25200897 X 29211403 2762418 2762418 26448985 0 26448985 23877093 2762418 2762418 21114675 0 21114675 PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES ALL POSITIONS TAKEN BY THE CLUB ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,762,418. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,762,418. X X 1 1 X X X X X 1 1 0 AARON GRANT GENERAL MANAGER 527360 0 87811 0 116651 0 0 0 31268 0 763090 0 0 0 CHAD TWADDLE GOLF COURSE SUPERINTENDENT 350000 0 41000 0 18779 0 0 0 8212 0 417991 0 0 0 STEFANIE LUNA CFO 288750 0 38000 0 8422 0 0 0 979 0 336151 0 0 0 SHAWN COX DIRECTOR OF GOLF (AS OF 2/24) 260227 0 43388 0 6160 0 0 0 12949 0 322724 0 0 0 AUGUSTO CORREA ASSISTANT GM (THROUGH 12/24) 194189 0 17307 0 6531 0 0 0 33502 0 251529 0 0 0 GARY ALSUP EXECUTIVE CHEF 184035 0 11000 0 5195 0 0 0 11951 0 212181 0 0 0 RONITA SANGANI DIRECTOR OF HR (THROUGH 5/24) 155236 0 0 0 5040 0 0 0 4242 0 164518 0 0 0 PART I, LINES 4A-B RONITA SANGANI RECEIVED A SEVERANCE PAYMENT OF $74,000. THE CLUB SPONSORS A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR KEY PERSONNEL. THIS PLAN QUALIFIES UNDER SECTION 457 OF THE INTERNAL REVENUE CODE. THE PLAN PARTICIPANTS AND APPLICABLE AMOUNT INCLUDES: 1. AARON GRANT, GENERAL MANAGER - $20,831 2. STEFANIE LUNA, CFO - $11,414 3. CHAD TWADDLE, DIRECTOR OF GROUNDS - $14,103 4. RONITA SANGANI, HR DIR. - $1,440 6. JIM KNIPP, DIRECTOR OF GOLF - $320 7. SHAWN COX, DIRECTOR OF GOLF - $10,000 8. AUGUSTO CORREA - ASST. GENERAL MANAGER- $6,531 9. RUBY BUCKLEY, MEMBERSHIP AND COMMUNICATIONS DIR. - $3,470 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - INDIVIDUALS PURCHASE MEMBERSHIP TO THE CLUB AND ARE CHARGED DUES MONTHLY FOR CONTINUED MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - PROPRIETARY MEMBERS OF THE CLUB VOTE TO ELECT NEW BOARD MEMBERS ANNUALLY. COMMITTEES ARE MADE UP OF PROPRIETARY MEMBERS THAT SUBMIT RECOMMENDATIONS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - A MAJORITY VOTE OF ALL PROPRIETARY MEMBERS IS NEEDED TO PASS THE FOLLOWING PROPOSALS: A CHANGE IN THE PERCENTAGE OF A MEMBER TRANSFEREE'S FEE OR INITIATION FEES TO BE RETAINED BY THE CLUB UPON TRANSFER OF A MEMBERSHIP, DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CLUB, ELECTION TO DISSOLVE THE CLUB, ESTABLISHMENT OF, OR INCREASES/DECREASES TO MEMBERSHIPS, AMENDING THE ARTICLES OF INCORPORATION AND BY-LAWS. A MAJORITY VOTE OF AT LEAST FIFTY PERCENT OF THE PROPRIETARY MEMBERS IS NEEDED TO PASS THE FOLLOWING PROPOSALS: REMOVAL OF A DIRECTOR, FILLING VACANCIES ON THE BOARD, APPROVAL OF A RELATED PARTY TRANSACTION WITH A DIRECTOR, AN INCREASE OF INDEBTEDNESS OR ASSESSMENTS IN A TWELVE-MONTH PERIOD BY AN AMOUNT EXCEEDING TWO TIMES THE MONTHLY DUES INCOME, ANY ACTION MATERIALLY OR ADVERSELY AFFECTING THE RIGHTS OF THE PROPRIETARY MEMBERS, CHANGES TO THE NUMBER OF DIRECTORS, INCREASING THE TERM OF DIRECTORS, ALLOWING ANY DIRECTOR TO HOLD OFFICE BY DESIGNATION. A MAJORITY VOTE OF AT LEAST FORTY PERCENT OF THE PROPRIETARY MEMBERS PRESENT AT REGULAR ANNUAL MEETINGS REGARDING ALL AFFAIRS OF THE ORGANIZATION AND AT SPECIAL MEETINGS REGARDING THE BUSINESS INVOLVED THAT CALLED FOR A SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE FORM 990 IS REVIEWED BY THE CFO AND GENERAL MANAGER BEFORE IT IS SUBMITTED TO AN OFFICER FOR SIGNATURE. THE BOARD OF DIRECTORS ARE ADVISED THAT THE RETURN IS AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE CONFLICT OF INTEREST NOTICE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND INCREASES ARE REVIEWED BY EXEC COMMITTEE DURING THE ANNUAL BUDGET PROCESS AND MANAGED BY GM/COO. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 24E PROPERTY TAXES & INSURANCE 737,238. GENERAL AND ADMINISTRATIVE 729,027. GOLF ACTIVITIES 481,134. SWIMMING AND TENNIS 443,824. REPAIRS & MAINTENANCE 113,868. BEVERAGE 88,391. LOCKER ROOM 77,391. OTHER EXPENSES 76,000. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.