2026-03-27T10:30:14-05:00 2025-09-30 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2024-10-01 590818061 HOLE-IN-THE-WALL GOLF CLUB INC HOLE 2396590164 3600 GOODLETTE ROAD NORTH NAPLES FL 34103 JOHN KIELY TREASURER 2392616481 2026-03-27 1 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2024 2025-03-06 01:10:19Z MIKE CARSON 3600 GOODLETTE ROAD NORTH NAPLES FL 34103 8009221 0 X WWW.HOLEINTHEWALLGOLF.ORG X 1957 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 103 65 352541 347753 0 0 5557068 5828567 340317 299473 2180733 789590 8078118 6917630 0 0 0 0 3141048 3250064 0 0 0 3899894 3450867 7040942 6700931 1037176 216699 23300123 23837502 4467744 4836420 18832379 19001082 HOLE-IN-THE-WALL GOLF CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 A PRIVATE CLUB OFFERING GOLF, GOLF INSTRUCTION, AND RELATED SERVICES AND CLUBHOUSE FACILITIES FOR ITS MEMBERS. 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 29 0 1 103 1 1 1 0 0 0 1 1 835000 51752 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DAVID R WHITE CHIEF FINANCIAL OFFICER 2396590164 3600 GOODLETTE ROAD N NAPLES FL 34103 X COLLEEN ARNOLD PRESIDENT 10.00 X X 0 0 0 ROBERT CURREY TREASURER/2ND VICE PRESIDE 10.00 X X 0 0 0 SANDY TAYLOR SECRETARY 4.00 X X 0 0 0 RICHARD SCHWOB 2ND VICE PRESIDENT/DIRECTOR 10.00 X X 0 0 0 JOHN WHITTEMORE DIRECTOR 10.00 X 0 0 0 JOHN KIELY TREASURER/DIRECTOR 4.00 X X 0 0 0 LIZ WINEBRENNER DIRECTOR 10.00 X 0 0 0 JAMES HEALEY VICE PRESIDENT/DIRECTOR 10.00 X X 0 0 0 LARRY JACOBSON DIRECTOR 10.00 X 0 0 0 MIKE CARSON PRESIDENT/1ST VICE PRESIDENT 10.00 X X 0 0 0 NICK NICHOLSON DIRECTOR 4.00 X 0 0 0 MICHAEL FARR DIRECTOR 4.00 X 0 0 0 DIANE MCCUAIG DIRECTOR 4.00 X 0 0 0 TOM HOGENKAMP DIRECTOR 4.00 X 0 0 0 DAPHNE FOSTER DIRECTOR 4.00 X 0 0 0 DAVID WHITE CHIEF FINANCIAL OFFICER 40.00 X 184834 0 16996 JONATHAN BUDDENHAGEN GOLF PROFESSIONAL 40.00 X 197977 0 15365 NICHOLAS SABATINO GOLF COURSE SUPERINTENDENT 40.00 X 287843 0 19885 BRUCE COLYER HEAD CHEF/CLUBHOUSE MANAGE 40.00 X 143498 0 32154 814152 0 84400 4 0 1 0 SHAW CHAMBERS DESIGN 851 FOURTH AVENUE S NAPLES FL 34102 DESIGN SERVICES 396000 1 MEMBERSHIP DUES 713910 5081895 5081895 GREENS & CART FEES 713910 746672 733681 12991 5828567 372693 372693 73220 -73220 -73220 -73220 548968 1018371 -469403 -436260 -33143 INITIATION FEES, NET 713910 835000 835000 CAPITAL FEES 713910 225000 225000 EMPLOYEE HOLIDAY FUND 713910 152125 152125 46868 46868 1258993 6917630 6565089 352541 0 670655 2148211 49906 182441 198851 165 27220 14304 44648 3419 11582 1200737 239553 INCOME TAX EXPENSE 51972 GOLF COURSE MAINTENANCE 938516 CLUBHOUSE OPERATIONS 318946 GOLF COURSE OPERATIONS 305705 294100 6700931 122935 59065 10051746 6767514 59047 37297 37418 23216 219801 220160 28094298 15376386 11767268 12717912 583251 458657 4012338 23300123 23837502 431050 656982 3779810 4002455 256884 176983 4467744 4836420 X 18832379 19001082 18832379 19001082 23300123 23837502 216699 -47996 0 X 0 1 X 1 0 766070 766070 12465982 7197920 5268062 9776555 5773414 4003141 5085691 2405052 2680639 12717912 CONSTRUCTION-IN-PROGRESS 3846558 RIGHT OF USE ASSET - FINANCE, NET 165780 4012338 FINANCE LEASE LIABILITY - CURRENT 91482 FINANCE LEASE LIABILITY - NON-CURRENT 85501 176983 X 7961225 -47996 1091591 1043595 6917630 0 6917630 7792522 1091591 1091591 6700931 0 6700931 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITION AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MATERIALS 215,660. COST OF SALES - LABOR 802,711. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 73,220. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MATERIALS 215,660. COST OF SALES - LABOR 802,711. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 73,220. X X X 0 0 0 NICHOLAS SABATINO GOLF COURSE SUPERINTENDENT 227817 0 36900 0 23126 0 10336 0 9549 0 307728 0 0 0 JONATHAN BUDDENHAGEN GOLF PROFESSIONAL 162788 0 12000 0 23189 0 5816 0 9549 0 213342 0 0 0 DAVID WHITE CHIEF FINANCIAL OFFICER 141603 0 11900 0 31331 0 7447 0 9549 0 201830 0 0 0 BRUCE COLYER HEAD CHEF/CLUBHOUSE MANAGE 123327 0 10700 0 9471 0 5953 0 26201 0 175652 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION 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 REGULAR MEMBERS CAN PARTICIPATE IN THE ELECTION OF THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL EXPENDITURES FOR ADDITIONS OR IMPROVEMENTS TO THE FACILITIES OF THE CLUB, EXCLUSIVE OF REPLACEMENTS, WHICH SHALL INVOLVE A TOTAL COST IN ANY ONE FISCAL YEAR IN EXCESS OF $200,000 WITHOUT FIRST OBTAINING THE APPROVAL OF A MAJORITY OF ALL REGULAR MEMBERS (RMS), UNLESS SUCH CAPITAL EXPENDITURE IS COVERED BY INSURANCE. CAPITAL ASSESSMENTS LEVIED DUE TO A NATURAL DISASTER OR EMERGENCY THAT EXCEED $1,000 MUST BE APPROVED BY A MAJORITY OF RMS. CAPITAL ASSESSMENTS LEVIED IN ANY FISCAL YEAR, IF THE BOARD DETERMINES THAT NEW MEMBER INITIATION FEES WILL NOT BE SUFFICIENT TO MEET CAPITAL FUNDING REQUIREMENTS, THAT IS IN EXCESS OF $2,000, MUST BE APPROVED BY A MAJORITY OF THE RMS. CAPITAL ASSESSMENTS LEVIED IN ANY FISCAL YEAR FOR REASONS OTHER THAN A NATURAL DISASTER OR EMERGENCY OR INSUFFICIENT INITIATION FEES, IN EXCESS OF $400, MUST BE APPROVED BY A MAJORITY OF THE RMS. CAPITAL ASSESSMENTS LEVIED FOR REASONS OTHER THAN THOSE PREVIOUSLY NOTED REQUIRE APPROVAL BY A MAJORITY OF ALL RMS, PURSUANT TO ARTICLE X OF THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE OR EFFICIENT TO REQUIRE THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. ALTHOUGH THE BOD RECEIVES A COPY OF FORM 990, THE BOD DELEGATES A REVIEW OF FORM 990 TO THE FINANCE COMMITTEE. A DRAFT COPY OF FORM 990 IS EMAILED TO THE FINANCE COMMITTEE AND THE BOD IN ADVANCE OF THE DUE DATE, PROVIDING ADEQUATE TIME FOR REVIEW AND QUESTIONS. THE FINANCE COMMITTEE APPROVES THE FILING OF FORM 990. THE BOD RATIFIES THE FINANCE COMMITTEE'S APPROVAL TO FILE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOD MEMBERS COMPLETE THE CLUB'S CONFLICT OF INTEREST DISCLOSURE AGREEMENT. ANY CONFLICTS WOULD THEN BE MONITORED AND REVIEWED BY THE CFO AND BOD. THE CLUB HAS CREATED A CULTURE OF ETHICS AND TRUST WITH THE BOD SETTING THE RIGHT TONE. CONFLICTS OF INTEREST ARE AVOIDED AT ALL COSTS. ESTABLISHED POLICIES ARE CLEAR ABOUT WHAT CONSTITUTES A CONFLICT OF INTEREST AND WHICH NEED TO BE DISCLOSED. MANAGEMENT IS AWARE OF WHO INTERESTED PERSONS ARE, AND WHAT TYPE OF RELATIONSHIPS REPRESENT CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB HAS A HUMAN RESOURCE COMMITTEE (THE COMMMITTEE) WHICH IS CHAIRED BY A BOD MEMBER AND CONSISTS OF AT LEAST (4) CLUB MEMBERS WITH PRIMARY RESPONSIBILITY TO REVIEW AND MONITOR ALL COMPENSATION AND BENEFITS FOR ALL EMPLOYEES. ANNUALLY, THE COMMITTEE REVIEWS RECOMMENDATIONS FOR COMPENSATION ADJUSTMENT, MERIT INCREASES, BONUSES, AND OTHER BENEFITS FOR THE CLUB'S EMPLOYEES. INDEPENDENT COMPENSATION SURVEY AND BENCHMARKING ANALYTICS, WHICH INCLUDE BOTH LOCAL AND NATIONAL INDUSTRY DATA, ARE UTILIZED BY THE COMMITTEE TO ASSIST WITH THE DETERMINATION OF SALARIES, WAGES AND BENEFITS. THE COMMITTEE THEN SHARES ITS FINDINGS WITH THE RESPECTINVE CHAIRPERSONS OF COMMITTEES THAT OVERSEE EACH DEPARTMENT; GOLF, MAINTENANCE, HOUSE AND ADMINISTRATIVE. THESE CHAIRPERSONS, WITH THE SUPPORT OF THE HUMAN RESOURCE COMMITTEE, THEN MAKE SALARY, WAGE AND BENEFIT RECOMMENDATIONS TO THE BOD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 ON THE CLUB WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND VIA INSPECTION AT THE CLUB. COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAIALABLE ON THE CLUB'S WEBSITE.