2024-04-23T08:18:33-07:00 2023-12-31 592142260 Christopher Smith Leonard Et Al 1515 Ringling Blvd Suite 900 Sarasota FL 34236 990 2023-01-01 590813992 The Field Club Inc FIEL 9419252977 1400 Field Road Sarasota FL 34231 Eileen A Sarris CFO 2024-04-19 true Eileen A Sarris 999009999 true Jeffrey M Gerhard P01300665 9419544040 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Robert Papazian 1400 Field Road Sarasota FL 34231 10027191 false X www.thefieldclub.com X 1957 FL The objectives of the club are to establish, maintain and conduct a club for the accommodation of its members, to provide a clubhouse and other conveniences for its members and their guests and, generally, to afford members and their guests the privileges, advantages, conveniences and accommodations of a club established to promote social, recreational and athletic activities. 15 15 174 125 386982 189055 8425 4882136 6045505 1819 134764 2053656 2204775 6937611 8393469 0 0 4133445 4631674 0 0 2652381 2944157 6785826 7575831 151785 817638 10187441 11108122 820316 923359 9367125 10184763 The objectives of the club are to establish, maintain and conduct a club for the accommodation of its members, to provide a clubhouse and other conveniences for its members and their guests and, generally, to afford members and their guests the privileges, advantages, conveniences and accommodations of a club established to promote social, recreational and athletic activities. false false The club provides a clubhouse, restaurant, tennis courts, swimming pool, and yacht basin for a maximum of 600 full members (average 640 full and provisional members in 2023) to promote personal contact and co-mingling among members. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false true false false false false false false false false false false true 38 0 true 174 true true true false false false true true 1428053 334745 false false false X 15 15 false false false false true true true true true false false true true true true true true true true false X Eileen A Sarris CFO 9419252977 1400 Field Road Sarasota FL 34231 Robert Papazian General Manager 40.00 0.00 X 399719 0 28946 Winston Owen Director of Tennis 40.00 0.00 197825 0 30802 Eileen A Sarris CFO 40.00 0.00 X 179206 0 29178 Mary Evelyn Guyton Director 1.00 0.00 X 0 0 0 E John Wagner Past Commodore 1.00 0.00 X X 0 0 0 Edmund W Morton Commodore 1.00 0.00 X X 0 0 0 Kraig H Koach Vice Commodore 1.00 0.00 X X 0 0 0 Duncan R Yull Rear Commodore 1.00 0.00 X X 0 0 0 Kirk G Boylston Director 1.00 0.00 X 0 0 0 Paul J Bispham Director 1.00 0.00 X 0 0 0 Rodney W Hollingsworth Director 1.00 0.00 X 0 0 0 Gregory P Hanes MD Director 1.00 0.00 X 0 0 0 John L Hutchens Treasurer 1.00 0.00 X X 0 0 0 Robert A Morris III Secretary 1.00 0.00 X X 0 0 0 Randall L Natherson Director 1.00 0.00 X 0 0 0 Douglas C Sutter Director 1.00 0.00 X 0 0 0 John B Leeming II Director 1.00 0.00 X 0 0 0 Michael R Voigt Director 1.00 0.00 X 0 0 0 776750 88926 3 false true false Holliday Group LLC 1551 2nd Street Sarasota FL 34236 Construction services 153163 1 8425 8425 Membership dues & assessm 713990 6045505 6045505 6045505 199160 6325 192835 0 0 0 64396 -64396 -64396 -64396 0 0 3692467 1569326 2123141 1928994 194147 Misc Income 713940 81634 81634 81634 8393469 7998062 386982 0 0 0 0 637049 0 3130301 96917 442604 324803 0 1636 15885 0 0 0 0 17994 76492 50666 0 1057671 4720 0 6140 0 0 574387 47257 Repairs and maintenance 296480 Supplies 266332 Entertainment 170032 Uniforms 89087 269378 7575831 0 0 0 7524 12522 3596622 4207256 0 1046591 1155296 0 0 0 194333 194145 60849 144879 14023100 8691900 5213135 5331200 0 0 0 0 68387 62824 10187441 11108122 430475 437890 389841 485469 820316 923359 X 9367125 10184763 9367125 10184763 10187441 11108122 817638 X false true X true false 480757 480757 6873591 4216905 2656686 1749967 1182374 567593 4918785 3292621 1626164 5331200 Other refundable deposits 71165 Refundable initiation deposits 414304 485469 X 9962795 9962795 -1569326 -1569326 8393469 9145157 9145157 -1569326 -1569326 7575831 Part X : FIN48 Footnote The Club is a not-for-profit Florida corporation and is exempt from income taxation under Section 501(c)(7) of the Internal Revenue Code. The Club is, however, taxable with respect to certain income arising from sales to non-members and investment income. The Club makes allocations of expenses to calculate the net taxable income arising from sales to non-members. The Club offsets its federal income tax liability with a credit under Section 45B of the Internal Revenue Code for employer Social Security and Medicare taxes paid on employee tips. The credit claimed in 2023 and 2022 was $39,702 and $2,522, respectively. The unused credit amount of $380,681 at December 31, 2023 is carried forward to offset future federal income tax. The Club recognized no Florida income tax expense in 2023 or 2022. No interest or penalties resulting from an underpayment of income taxes have been recognized in the statements of revenues and expenses and changes in membership equity or in the statements of financial position. The Club has no positions for which it believes it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next twelve months. The Clubs tax returns for the three previous years remain subject to examination by the Internal Revenue Service and the Florida Department of Revenue. X X X X false false false Eileen A Sarris CFO 152823 25183 1200 7168 22010 208384 Robert Papazian General Manager 325269 72050 2400 13200 15746 428665 Winston Owen Director of Tennis 187685 10140 7081 23721 228627 Atlas Insurance Former Director 583978 Insurance false Schedule L, Part V Supplemental Information Schedule L, Part V - Mr. Robert W. Brown, former Director, is the President of Atlas Insurance, which is the insurance provider for the club's property, liability, and worker's compensation insurance. Form 990, Part VI, Section A, Line 6 The membership of the club is composed of such individuals as may be acceptable under such rules, regulations and conditions as provided in the bylaws and as provided from time to time by the Board of Directors. The total number of active members of the club shall not exceed 600 persons. Form 990, Part VI, Section A, Line 7a At the annual meeting of the members of the club, five Directors shall be elected to serve a term of three years. The Board of Directors shall exercise general charge of the affairs of the club, shall control and manage club property and shall enforce the preservation of order and adherence to club rules. All appropriations of the funds of the club shall be made by the Board of Directors. The Board shall make or authorize all necessary purchases and contracts incidental to the operation of the club. At each annual meeting, the Board shall report its proceedings, and at any time may recommend such measures as it deems advisable. The Board shall not incur an expenditure in excess of $250,000 in a board year for the acquisition of any asset, construction of any new improvement, or the remodeling of any portion of the club facilities without first obtaining the approval of a majority of the active members of the club. Amendments to the bylaws may be made at any meeting of the membership by a two-thirds vote of the active members present. Form 990, Part VI, Section A, Line 7b The Board shall not incur an expenditure in excess of $250,000 in a board year for the acquisition of any asset, construction of any new improvement, or the remodeling of any portion of the club facilities without first obtaining the approval of a majority of the active members of the club. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the tax department of the audit firm from information provided by the CFO. The CFO reviews the Form 990 for any necessary changes. The Form 990 is distributed to the Board of Directors for review prior to filing of the form. Form 990, Part VI, Section B, Line 12c Any items involving material expenditures have to be approved by the Board of Directors. The Board requires disclosure of any conflict of interest. If it is determined that a conflict of interest exists, the board member is excused and does not vote on the motion to approve or deny the relationship with the club. All new board members are informed of the club's conflict of interest policy. Annually, board members sign a conflict of interest statement. Form 990, Part VI, Section B, Line 15a The Executive Committee reviews materials provided by the CFO which gives comparable data on the club industry for compensation of key executives. Compensation is determined as part of the budgeting process. The budgets are then approved by the Board. Form 990, Part VI, Section B, Line 15b The Executive Committee reviews materials provided by the CFO which gives comparable data on the club industry for compensation of key executives. Compensation is determined as part of the budgeting process. The budgets are then approved by the Board. Form 990, Part VI, Section C, Line 19 The Articles of Incorporation, bylaws, financial statements, and tax returns are available to the membership upon request.