2024-08-07T13:53:05-04:00 2023-09-30 COACHELLA VALLEY ACCOUNTING & AUDITING 43675 ALBA CT LA QUINTA CA 92253 990 2022-10-01 330775273 THE PALMS GOLF CLUB PALM 7607712606 57000 PALMS DRIVE LA QUINTA CA 92253 OLYNN ROACH JR CURRENT BOARD PRES. 7607712606 2024-08-05 false ANDREA L OLIVERI P01890398 4423250089 2024-08-07 2022 2024-08-08 14:25:15Z OLYNN ROACH JR 57000 PALMS DRIVE LA QUINTA CA 92253 4811652 false X X 1997 ORGANIZATION OF PRIVATE GOLF CLUB. 5 5 45 15635 0 4575046 4781938 574 436797 -2452 5011843 4780060 0 0 1968856 2358845 0 0 3553289 4090836 5522145 6449681 -510302 -1669621 8665345 8826296 1593876 3424448 7071469 5401848 ORGANIZATION OF PRIVATE GOLF CLUB. false false 6449681 4780060 OPERATION AND MAINTENANCE OF GOLF CLUB FOR THE EXCLUSIVE PLEASURE AND RECREATION OF ITS MEMBERS. 6449681 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 14 0 false 45 true true true false false false false 3260000 1521938 false false false X 5 5 false false true false true false false true true false false false false false false false false false CA JOEY C REDMAN 7607712606 57000 PALMS DRIVE LA QUINTA CA 92253 P DAVID BAUCOM CM/COO 40.00 X 192814 0 42000 RIGOBERTO REGALADO COURSE MAINT 40.00 X 163858 0 40000 RICHARD KNEE BOARD PRESID 2.00 X 0 0 0 TJ GORENCE BOARD MEMBER 2.00 X 0 0 0 JIM KING BOARD MEMBER 2.00 X 0 0 0 SUE MCCOY BOARD MEMBER 2.00 X 0 0 0 MARK HOPEE BOARD MEMBER 2.00 X 0 0 0 356672 82000 2 false true false COACHELLA VALLEY CATERING 57000 PALMS DRIVE LA QUINTA CA 92253 CATERING SRVCS 320703 1 MEMBERSHIP DUES & ASSESSMENTS 3260000 3260000 GOLF RELATED 996681 996681 FOOD & BEVERAGE RELATED 498852 498852 GOLF RELATED - NM 713910 26405 26405 4781938 574 574 2715 2715 2715 2715 20248 31592 -11344 -11344 MEMBER LATE FEES 6177 6177 6177 4780060 4764425 15635 192814 1642983 364172 158876 179183 17610 55332 48607 390802 93951 GOLF RELATED EXPENSES 1629062 LEGAL SETTLEMENT 700000 F&B RELATED EXPENSES 383712 ADMIN EXPENSES 376778 215799 6449681 0 0 0 X 1398206 1165172 593282 398557 152225 190300 26159 54345 13397189 6415859 6421289 6981330 74184 36592 8665345 8826296 259963 122572 1259729 1371417 74184 1930459 1593876 3424448 X 7071469 5401848 7071469 5401848 8665345 8826296 X -1669621 X false true X true false 2621742 2621742 2080145 2080145 4980015 4980015 3157653 3157653 557634 6415859 -5858225 6981330 FINANCE LEASE 831563 PPP LOAN SETTLEMENT 700000 OTHER PAYABLES 217304 NOTE PAYABLE 145000 OPERATING LEASE 36592 1930459 4662760 -117300 -117300 4780060 4780060 6332381 -117300 -117300 6449681 6449681 SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUES IN EXPENSES -8,892 MEMBER REFUNDS IN REVENUE -140,000 EXPENSES IN REVENUES 31,592 SCHEDULE D, PAGE 4, PART XII, LINE 2D REVENUES IN EXPENSES -8,892 MEMBER REFUNDS IN REVENUE -140,000 EXPENSES IN REVENUE 31,592 false false false P DAVID BAUCOM CM/COO 192814 42000 234814 RIGOBERTO REGALADO COURSE MAINT SUPER 163858 40000 203858 FORM 990, PAGE 6, PART VI, LINE 4 THE BOARD OF DIRECTORS OF THE CLUB HAS THE AUTHORITY TO MAKE SPECIAL ASSESSMENTS, AS AUTHORIZED BY THE CLUB'S BYLAWS, THAT ARE NECESSARY TO PAY THE EXPENSES OF OPERATIONS AND MAINTENANCE OF THE CLUB FACILITY, INCLUDING CAPITAL ADDITIONS AND IMPROVEMENTS, PROVIDING SUCH FUNDS ARE NOT AVAILABLE FROM TRANSFER FEES. THE CURRENT POLICY OF THE CLUB IS TO ASSESS REGULAR MEMBERS FOR THE OPERATING LOSS, IF ANY, FOR THE PRIOR YEAR. FOUNDING MEMBERS ARE NOT SUBJECT TO THE PAYMENT OF DUES, ASSESSMENTS, GUEST, CART, LOCKER RENTAL OR DRIVING RANGE FEES FOR THE DURATION OF THEIR MEMBERSHIP. REGENT MEMBERS ARE NOT SUBJECT TO DUES, ASSESSMENTS, OR CART FEES FOR THE DURATION OF THEIR MEMBERSHIP. REGULAR MEMBERS ARE SUBJECT TO DUES, ASSESSMENTS, CART, AND ALL OTHER FEES PRESCRIBED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 6 ORGANIZATION HAS MEMBERS OR STOCKHOLDERS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW PROCESS WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART X THE CLUB MAY BE SUBJECT TO VARIOUS CLAIMS AND ACTIONS WHICH ARISE IN THE ORDINARY COURSE OF BUSINESS. THE CLUB WILL ESTABLISH AN ACCRUED LIABILITY FOR LITIGATION WHEN THESE MATTERS PRESENT LOSS CONTINGENCIES THAT ARE BOTH PROBABLE AND ESTIMABLE. IN ANY CASES, THERE MAY BE AN EXPOSURE TO LOSSES IN EXCESS OF ANY SUCH AMOUNTS WHETHER ACCRUED OR NOT. A LEGAL CLAIM WAS FILED AGAINST THE CLUB RELATED TO PAYCHECK PROTECTION PROGRAM (PPP) FUNDING RECEIVED IN PRIOR YEARS. THE CLUB HAS REACHED A SETTLEMENT WITH THE U.S. ATTORNEYS OFFICE TO PAY 700,000 PLUS ATTORNEYS FEES. THE SETTLEMENT AMOUNT HAS BEEN ACCRUED FOR AND IS INCLUDED ON THE STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2023. THE FUNDS NEEDED TO REPAY THE SETTLEMENT WILL BE FUNDED BY MEMBERSHIP THROUGH A SPECIAL ASSESSMENT. FORM 990, PART XI, LINE 9 REVENUES IN EXPENSES -8,892 MEMBER REFUNDS IN REVENUE -140,000 EXPENSES IN REVENUES 31,592 REVENUES IN EXPENSES 8,892 MEMBER REFUNDS IN REVENUE 140,000 EXPENSES IN REVENUE -31,592