2024-07-15T09:58:23-05:00 2023-08-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33444 990 2022-09-01 592144636 QUAIL CREEK COUNTRY CLUB INC QUAI 2395972831 13300 VALEWOOD DR NAPLES FL 34119 JACK HAUGSLAND PRESIDENT 2395972831 2024-07-15 1 JACK HAUGSLAND 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACK HAUGSLAND 13300 VALEWOOD DR NAPLES FL 34119 17353383 0 X WWW.QUAILCREEKCC.COM X 1980 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 250 71 1174369 192170 0 0 10662696 11655734 3865 186174 6010307 3293474 16676868 15135382 0 0 0 0 8147157 8605320 0 0 0 9121273 9236905 17268430 17842225 -591562 -2706843 44403739 46253185 25513571 24895846 18890168 21357339 QUAIL CREEK COUNTRY 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 THE CLUB HAS TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 08/31/23 WAS APPROXIMATELY 61,680 OF WHICH APPROXIMATELY 13,318 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $3,525,566 OF WHICH $676,583 WAS NON-MEMBER RELATED. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 165 0 1 250 1 1 1 0 0 0 1 1 0 1331584 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 ANGELO BIONDO DIRECTOR OF FINANCE 2392547436 13300 VALEWOOD DRIVE NAPLES FL 34119 KAREN WHITNEY TREASURER (THROUGH 3/23) 10.00 X X 0 0 0 JAMES OROHO PRESIDENT 10.00 X X 0 0 0 BERNARD HIRL DIRECTOR (THROUGH 3/23) 5.00 X 0 0 0 DREXEL BUNCH VICE PRESIDENT 5.00 X X 0 0 0 DR TIMOTHY SCHILLER DIRECTOR 5.00 X 0 0 0 KEN TENCZA SECRETARY (THROUGH 3/23); TREASURER (AS OF 3/23) 10.00 X X 0 0 0 DAN LATINO DIRECTOR (THROUGH 11/22) 5.00 X 0 0 0 CHERIE FIELDMAN DIRECTOR (AS OF 11/22) 5.00 X 0 0 0 GARY JOHNSON DIRECTOR (AS OF 11/22) 5.00 X 0 0 0 BOB RICKETTS DIRECTOR (AS OF 10/22) 5.00 X 0 0 0 JACK HAUGSLAND DIRECTOR (AS OF 10/22) 5.00 X 0 0 0 WILLIAM STARBUCK SECRETARY (AS OF 11/22) 5.00 X X 0 0 0 STEPHANIE OHLOFF DIRECTOR OF FINANCE 40.00 X 187448 0 36292 CHAD SCHULTENOVER MANAGING DIRECTOR 40.00 X 328237 0 36292 JOSE PASTRELLO DIRECTOR OF COURT SPORTS 40.00 X 190381 0 31231 KEVIN LEO GOLF COURSE SUPERINTENDENT 40.00 X 231373 0 26056 JONATHAN BALYEAT DIRECTOR OF GOLF 40.00 X 207827 0 36292 BRAD FISHER EXCECUTIVE CHEF 40.00 X 174468 0 30819 DONNA LYNN DICKSON CLUBHOUSE MANAGER 40.00 X 128048 0 14984 1447782 0 211966 7 0 1 0 0 MEMBERSHIP DUES AND ASSESSMENTS 713910 9222047 9222047 GREENS, CARTS, & TRAIL FEES 713910 2002894 1507691 495203 FITNESS & TENNIS FEES 713910 407029 332088 74941 LOCKER FEES 713910 23764 23764 11655734 184594 184594 26400 976 25424 25424 25424 1580 0 1580 1580 1580 4268395 2217025 2051370 1657163 394207 INTEREST RATE SWAP AGREEMENT 713910 1206788 1206788 MISCELLANEOUS 713910 9892 9892 1216680 15135382 13959433 1174369 1580 588269 6072980 1944071 3325301 386771 GENERAL AND ADMINISTRAT 1465318 GOLF COURSE MAINTENANCE 1308824 INTEREST EXPENSE 1005215 FOOD & BEVERAGE 663075 1082401 17842225 7294110 9991483 1302682 1307411 446149 473110 386571 544764 66305224 34067710 34954350 32237514 19877 1698903 44403739 46253185 1452955 1410069 24060616 23485777 25513571 24895846 X 18890168 21357339 18890168 21357339 44403739 46253185 X -2706843 5174014 X X 0 1 X 1 0 2994208 2994208 29489107 16023818 13465289 16056791 8724954 7331837 17765118 9318938 8446180 32237514 REFUNDABLE ASSESSMENT 28800 PREPAID DUES & FEES 2951995 LONG-TERM DEBT 19756710 REFUNDABLE EQUITY 32500 OPERATING LEASE LIABILITY 259074 FINANCE LEASE LIABILITY 456698 23485777 X 17353383 2218001 2218001 15135382 0 15135382 20060226 2218001 2218001 17842225 0 17842225 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,217,025. RENTAL EXPENSES 976. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,217,025. RENTAL EXPENSES 976. X X X X X 0 0 0 CHAD SCHULTENOVER MANAGING DIRECTOR 266487 0 41250 0 20500 0 0 0 36292 0 364529 0 0 0 KEVIN LEO GOLF COURSE SUPERINTENDENT 186260 0 22145 0 22968 0 0 0 26056 0 257429 0 0 0 JONATHAN BALYEAT DIRECTOR OF GOLF 160080 0 32997 0 14750 0 0 0 36292 0 244119 0 0 0 STEPHANIE OHLOFF DIRECTOR OF FINANCE 164273 0 23175 0 0 0 0 0 36292 0 223740 0 0 0 JOSE PASTRELLO DIRECTOR OF COURT SPORTS 169558 0 10000 0 10823 0 0 0 31231 0 221612 0 0 0 BRAD FISHER EXCECUTIVE CHEF 144266 0 22500 0 7702 0 0 0 30819 0 205287 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE 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 THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: CLASS A GOLF MEMBERS AND CLASS B SOCIAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CLASS A AND B MEMBERS HAVE FULL VOTING RIGHTS ON ALL MATTERS THAT ARE ADDRESSED IN THE BYLAWS. SENIOR, ASSOCIATE GOLF, SOCIAL, AND SENIOR SOCIAL MEMBERS ONLY HAVE VOTING RIGHTS WITH RESPECT TO GOLF FACILITY RENOVATIONS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE RETURN ARE PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. HOWEVER, THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE DIRECTOR OF FINANCE AND BOARD TREASURER. THESE TWO INDIVIDUALS REVIEW FORM 990 IN ITS ENTIRETY WITH ITS OUTSIDE CPA PREPARER PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS THE CONFLICT OF INTEREST POLICY BY REQUESTING BOARD MEMBERS TO FILL OUT QUESTIONNAIRE DURING AUDIT PROCESS THAT SEEKS TO GAIN INFORMATION OF ANY KNOWN CONFLICT OF INTEREST. ALSO, ALL PROJECTS AND MAJOR PURCHASES ARE SENT OUT TO BID TO AT LEAST 3 VENDORS/PROVIDERS. THE BOARD REVIEWS THE CONTRACTOR AND/OR PROVIDERS TO PREVENT ANY INDIVIDUAL TO UNDULY INFLUENCE MANAGEMENT IN CONTRACTING WITH PARTICULAR PROVIDERS OF GOODS AND SERVICES. ADDITIONALLY, ANY MEMBER-OWNED VENDORS WITH WHICH THE ORGANIZATION MIGHT DO BUSINESS ARE DISCLOSED TO OUTSIDE AUDITORS AND THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS & APPROVES THE COMPENSATION AGREEMENTS FOR THE GENERAL MANAGER AND OTHER MANAGEMENT POSITION EMPLOYEES. THE BOARD USES THIRD PARTY COMPENSATION SURVEY DATA TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS VIA THE CLUB WEBSITE, FOR INSPECTION AT THE CLUB, AND UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE BY INSPECTION AT THE CLUB AND UPON REQUEST. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIPS 2,436,250. REDEMPTION OF CERTIFICATES -149,000. RENOVATION ASSESSMENT -16,000. MEMBER CAPITAL CONTRIBUTIONS 2,653,264. NONEQUITY SOCIAL MEMBERSHIP INITIATION FEES 249,500. PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.