2022-09-14T13:52:57-05:00 2021-10-31 540737372 PBMARES LLP 3957 WESTERRE PARKWAY SUITE 220 RICHMOND VA 23233 990 2020-11-01 540245390 HERMITAGE COUNTRY CLUB HERM 8047845234 PO BOX 222 MANAKINSABOT VA 23103 STEPHEN BURKHART GENERAL MANAGER 8047845234 2022-09-14 1 STEPHEN BURKHART 999009999 EDWARD T YODER CPA P00239134 8043230022 2022-09-14 X 0 AAL1 IAL1 2020 2023-04-26 12:10:37Z STEPHEN BURKHART PO BOX 222 MANAKINSABOT VA 23103 14094608 0 X HERMITAGECOUNTRYCLUB.COM X 1900 VA TO PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS. 11 11 303 11 417532 0 0 0 7605834 9831809 -202742 48 1333150 2241987 8736242 12073844 0 0 0 0 5500188 4176281 0 0 0 4393902 4386279 9894090 8562560 -1157848 3511284 22972475 25643221 10333907 9491119 12638568 16152102 X HERMITAGE COUNTRY CLUB IS A TRADITIONAL, FAMILY ORIENTED PRIVATE CLUB. OUR FOCUS IS TO CONSISTENTLY PROVIDE EXCEPTIONAL SERVICE TO ALL MEMBERS AND THEIR GUESTS. OUR OBJECTIVE IS TO ENSURE CONTINUOUS IMPROVEMENT IN PROVIDING EXCELLENT WELL-MAINTAINED FACILITIES, FEATURING: QUALITY GOLF, TENNIS, ATHLETIC ACTIVITIES, SUPERB DINING VENUES AND A VARIETY OF FAMILY PROGRAMS AND SOCIAL EVENTS; ALL FOR THE BENEFIT AND CAMARADERIE OF OUR MEMBERS IN A HOME AWAY FROM HOME ATMOSPHERE. 0 0 THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO 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 23 0 1 303 1 1 1 0 0 0 1 1 673372 559979 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X X ROGER WOLFE 8047845234 PO BOX 222 MANAKINSABOT VA 23103 LARRY CUMMINGS PRESIDENT 1.00 X X 0 0 0 DOUG PIKE VICE-PRESIDENT 1.00 X X 0 0 0 KEITH REYNOLDS TREASURER 1.00 X X 0 0 0 BLAKE BEACH SECRETARY 1.00 X X 0 0 0 TIM CAMPBELL DIRECTOR 1.00 X 0 0 0 FRANK RIDGWAY DIRECTOR 1.00 X 0 0 0 JEFF MUSSATT DIRECTOR 1.00 X 0 0 0 MIKE ELLIS DIRECTOR 1.00 X 0 0 0 SYLVIA BEARER DIRECTOR 1.00 X 0 0 0 DEBBIE S DANIEL DIRECTOR 1.00 X 0 0 0 COLEMAN POLLARD DIRECTOR 1.00 X 0 0 0 TAMMY PRYOR CONTORLLER 40.00 X 130528 0 15660 STEPHEN BURKHART GENERAL MANAGER 40.00 X 223600 0 34038 MARK BERNSTINE DIRECTOR OF TENNIS & FITNESS 40.00 X 188762 0 30919 CHRISTOPHER HARRIMAN DIRECTOR OF GROUNDS 40.00 X 164538 0 34196 CRAIG CALLENS DIRECTOR OF GOLF 40.00 X 142079 0 17171 849507 0 131984 5 0 1 0 A1 ASPHALT PAVING AND SEALING PO BOX 1465 GLEN ALLEN VA 23060 PAVING 399567 CHAMBERS 1800 WASHINGTON BLVD STE 11 BALTIMORE MD 21230 DESIGN PLANNING 303247 TEEL CONSTRUCTION 2920 W BROAD ST STE 88 RICHMOND VA 23230 CONSTRUCTION 182491 3 MEMBERSHIP DUES 713910 6716847 6716847 CAPITAL DUES 713910 1164160 1164160 GOLF OPERATIONS 713910 1128988 833238 295750 INITIATION FEES 713910 673372 673372 TENNIS & POOL FEES 713910 114928 114928 33514 33514 9831809 48 48 3748369 2020764 1727605 1605823 121782 INTEREST RATE SWAP CHANGE 713910 347995 347995 MISCELLANEOUS INCOME 713910 120475 120475 LATE CHARGES 713910 27673 27673 18239 18239 514382 12073844 11656264 417532 48 360825 2893915 96721 397292 427528 523876 269934 1015212 147067 GOLF COURSE MAINTENANCE 966700 ADMINISTRATIVE & GENERA 380956 FOOD & BEVERAGE 308750 GOLF SHOP 295433 478351 8562560 3022944 3202732 1308520 1635202 337424 362832 185160 214770 34302648 16311951 17567622 17990697 50979 50986 499826 2186002 22972475 25643221 1463034 1108590 664075 847588 7447678 7123816 759120 411125 10333907 9491119 X 12638568 16152102 12638568 16152102 22972475 25643221 3511284 2250 0 X X 0 1 X 1 0 248371 248371 13909352 8633320 5276032 5200712 1925849 3274863 13801230 5157801 8643429 1142983 594981 548002 17990697 INITIATION FEE RECEIVABLE 2186002 2186002 FAIR VALUE OF INTEREST RATE SWAP 411125 411125 X 15893807 3819963 3819963 12073844 0 12073844 12382523 3819963 3819963 8562560 0 8562560 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBERS' TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE CLUB IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. MANAGEMENT HAS DETERMINED THAT UNRELATED BUSINESS INCOME TAXES FOR THE YEARS ENDED OCTOBER 31, 2021 AND 2020 WERE NOT MATERIAL TO THE FINANCIAL STATEMENTS. FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CLUB'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS TO ITS FINANCIAL STATEMENTS. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AND HAS NOT ACCRUED THE EFFECT OF ANY UNCERTAIN TAX POSITIONS AS OF OCTOBER 31, 2021 AND 2020. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,020,764. EMPLOYEE RETENTION TAX CREDIT 1,799,199. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,020,764. EMPLOYEE RETENTION TAX CREDIT 1,799,199. X X X X X 0 0 0 STEPHEN BURKHART GENERAL MANAGER 223600 0 0 0 0 0 9738 0 24300 0 257638 0 0 0 MARK BERNSTINE DIRECTOR OF TENNIS & FITNESS 79986 0 0 0 108776 0 6891 0 24028 0 219681 0 0 0 CHRISTOPHER HARRIMAN DIRECTOR OF GROUNDS 159538 0 0 0 5000 0 9896 0 24300 0 198734 0 0 0 CRAIG CALLENS DIRECTOR OF GOLF 134400 0 0 0 7679 0 8502 0 8669 0 159250 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE SEVERAL GROUPS OF MEMBERSHIP: FAMILY, SINGLE, JUNIOR ASSOCIATE, SOCIAL/ATHLETIC, NON-RESIDENT, JUNIOR/STUDENT, LIFE, HONORARY, SUPER SENIOR, AND SENIOR SOCIAL. FORM 990, PART VI, SECTION A, LINE 7A ONLY THOSE STOCKHOLDERS WHO ARE DULY ELECTED MEMBERS OF THE CLUB SHALL BE ENTITLED TO VOTE AT ANY MEETINGS OF THE STOCKHOLDERS, EXCEPT FOR MEMBERS IN THE SUPER SENIOR MEMBERSHIP CATEGORY. FORM 990, PART VI, SECTION A, LINE 7B NO REAL PROPERTY SHALL BE BOUGHT, SOLD, OR ENCUMBERED UNLESS THE TRANSACTION IS APPROVED BY VOTE OF AT LEAST TWO-THIRDS OF THE MBMERS OF THE BOARD OF DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B THE COPY OF FORM 990 IS REVIEWED BY ALL MEMBERS OF THE CLUB'S FINANCE COMMITTEE, THE BOARD OF DIRECTORS, THE GENERAL MANAGER, AND CONTROLLER BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST SIGN CONFLICT OF INTEREST POLICY, AND IT IS THEN MONITORED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 HIGHEST PAID EMPLOYEES' SALARY STRUCTURES, INCLUDING THE COO ARE ESTABLISHED IN PART BY INDUSTRY STANDARDS FOR LIKE SIZE REVENUE CLUBS. ALL HIGHEST PAID EMPLOYEES' SALARIES ARE DETERMINED AND SET BY THE COO. THE COO'S SALARY IS DETERMINED AND SET BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB MAKES ITS FORM 990 AND FORM 1024 AVAILABLE ON THE CLUB'S WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE ON THE CLUB'S WEBSITE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE CLUB. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.