2024-09-10T11:02:55-05:00 2023-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-01-01 030119660 THE EKWANOK COUNTRY CLUB EKWA 8023622223 PO BOX 467 MANCHESTER VT 05254 MARK L REFFNER TREASURER 8023622223 2024-08-28 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2024-08-08 14:25:15Z JAMES LIANG PO BOX 467 MANCHESTER VT 05254 5402269 0 X WWW.EKWANOK.COM X 1899 VT TO FOSTER, ENCOURAGE AND ENGAGE IN GOLFING AND RELATED ACTIVITIES FOR MEMBERS AND THEIR GUESTS. 25 25 115 24 148051 97221 0 0 3354641 3705269 9990 104762 1494808 1358476 4859439 5168507 0 0 0 0 2467379 2686325 0 0 0 1887262 2093139 4354641 4779464 504798 389043 9107454 9377043 485223 365623 8622231 9011420 THE PRIMARY PURPOSE OF THE CLUB IS TO FOSTER, ENCOURAGE AND ENGAGE IN GOLFING AND RELATED ACTIVITIES FOR MEMBERS AND THEIR GUESTS. 0 0 TAX EXEMPT CLUB ACTIVITIES. 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 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 36 0 1 115 1 1 1 0 0 0 0 862090 47079 0 0 0 X 25 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X HEATHER STAKE 8023622220 C/O THE CLUB PO BOX 467 MANCHESTER VT 05254 X MARK L REFFNER PRESIDENT & GOVERNOR 2.00 X X 0 0 0 JAMES L LIANG TREASURER & GOVERNOR 2.00 X X 0 0 0 KATHERINE P KAUFMAN SECRETARY & GOVERNOR 2.00 X X 0 0 0 RICK ANDERSON GOVERNOR 2.00 X 0 0 0 MICHAEL BACON GOVERNOR 2.00 X 0 0 0 DONALD LUKE GOVERNOR 2.00 X 0 0 0 REBECCA S MONTGELAS GOVERNOR 2.00 X 0 0 0 RANDY MYER GOVERNOR 2.00 X 0 0 0 PHIL O'ROURKE GOVERNOR 2.00 X 0 0 0 MICHAEL ROONEY GOVERNOR 2.00 X 0 0 0 BILL STERNS GOVERNOR 2.00 X 0 0 0 WENDY DARRAGH GOVERNOR 3.00 X 0 0 0 ROBERT LEWIS GOVERNOR 4.00 X 0 0 0 KATHARINE SENN GOVERNOR & TRUSTEE 2.00 X 0 0 0 WILLIAM N WIGHT TRUSTEE 2.00 X 0 0 0 CONSTANTINE RALLI TRUSTEE 2.00 X 0 0 0 TIM THOMPSON TRUSTEE 2.00 X 0 0 0 RICHARD ADAMS TRUSTEE 2.00 X 0 0 0 BRIAN BAREFOOT TRUSTEE 2.00 X 0 0 0 LARRY BELL TRUSTEE 2.00 X 0 0 0 DON KENDALL TRUSTEE 2.00 X 0 0 0 LEVERING MCCORMICK TRUSTEE 2.00 X 0 0 0 BILL PHILIP TRUSTEE 2.00 X 0 0 0 SALLY WOODRUFF TRUSTEE 2.00 X 0 0 0 LAURENCE V SENN TRUSTEE 2.00 X 0 0 0 ANDREW TARWATER FORMER GENERAL MANAGER 40.00 X 142500 0 7370 ALDEN MADDOCKS COURSE SUPERINTENDENT 40.00 X 124000 0 27837 THAD BUCK CHEF 40.00 X 110000 0 22064 TOM MACKEY GOLF PROFESSIONAL 40.00 X 125000 0 5527 501500 0 62798 4 0 1 0 0 MEMBERSHIP DUES 713910 2843179 2843179 INITIATION FEES 713910 459796 459796 CAPITAL CHARGES 713910 402294 402294 3705269 104762 104762 1592238 233762 1358476 1315187 43289 5168507 5020456 148051 0 2198522 75000 182594 230209 22952 345 295373 322602 57765 263264 15912 507414 66412 GOLF COURSE OPERATIONS 376594 OTHER DEPTS. OPERATIONS 121924 UNRELATED BUS. INC. TAX 24500 FOOD & BEV OPERATIONS 18082 4779464 79024 459691 2204521 2413340 192482 42697 8513 20151 44037 12943 16237917 10022917 6389496 6215000 13359 13505 176022 199716 9107454 9377043 124340 165907 4367 356516 199716 485223 365623 X 8395129 8784163 34262 34417 8622231 9011420 9107454 9377043 389043 146 0 X 0 1 X 1 0 X X 0 34262 580 425 34417 36428 -2102 64 34262 39100 -245 2427 36428 62345 5000 988 29233 39100 95478 86000 836 119969 62345 1.00000 0 0 291286 291286 7845749 4716819 3128930 2328219 1535897 792322 4802242 2928889 1873353 970421 841312 129109 6215000 OPERATING LEASES PAYBALE 199716 199716 5269619 146 233762 233908 5035711 132796 132796 5168507 4880430 233762 233762 4646668 132796 132796 4779464 PART III, LINE 4: SINCE ITS INCEPTION, THE CLUB HAS ACQUIRED A COLLECTION OF ART WORK, PRINCIPALLY THROUGH CONTRIBUTIONS FROM ITS MEMBERS, AND CERTAIN ARTIFACTS OF HISTORICAL SIGNIFICANCE TO THE CLUB. SUCH ITEMS ARE MAINTAINED FOR THE MEMBERS AND USED TO PREPARE PRESENTATIONS TO THE PUBLIC TO ENHANCE APPRECIATION AND UNDERSTANDING OF THE HISTORICAL SIGNIFICANCE OF THE CLUB AND ITS MEMBERS TO THE MANCHESTER AREA AND THE GAME OF GOLF AND NOT FOR FINANCIAL GAIN. IN KEEPING WITH STANDARD PRACTICE AND RELEVANT GENERALLY ACCEPTED ACCOUNTING STANDARDS, SUCH ITEMS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASE OF ANY SUCH ITEMS ARE RECORDED AS DECREASES IN NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PART V, LINE 4: THE CHARLES W. NICHOLS, JR. TRUST (THE "NICHOLS TRUST") WAS RECEIVED AS A SUCCESSOR TRUSTEE IN MARCH 2015 WITH A $9,421 GIFT. THE CORPUS IS TO BE HELD AND INVESTED BY THE CLUB AND THE INVESTMENT RETURN IS TO BE USED TO PURCHASE A CUP OR TROPHY TO BE AWARDED EVERY YEAR TO THE WINNER OF THE EKWANOK COUNTRY CLUB WOMEN'S GOLF CHAMPIONSHIP. THE CLUB IS PERMITTED TO CHARGE FOR ITS SERVICES, AS OUTLINED IN THE TRUST AGREEMENT. UPON TERMINATION OF THE TRUST, AS OUTLINED IN THE TRUST AGREEMENT, THE CORPUS SHALL VEST IN AND BE PAID TO THE NICHOLS FOUNDATION INC. DURING 2020 AND 2019, THE CLUB RECEIVED $5,000 AND $86,000, RESPECTIVELY, FROM SEVERAL MEMBERS THAT MADE VOLUNTARY CONTRIBUTIONS PRIMARILY TO FUND THE PURCHASE OF PROPERTY ADJACENT TO THE GOLF COURSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 233,762. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP OF REVENUE 132,796. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 233,762. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP OF SALARIES AND WAGES 132,796. X 1 0 X 0 0 0 ALDEN MADDOCKS COURSE SUPERINTENDENT 110000 0 14000 0 0 0 5773 0 22064 0 151837 0 0 0 PART I, LINE 1A TED A. MADDOCKS, GENERAL MANAGER RESIDES IN THE SUPERINTENDENTS HOUSE LOCATED ON THE CLUB PROPERTY. FORM 990, PART VI, SECTION A, LINE 6 THE EKWANOK COUNTRY CLUB (THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. EKWANOK HAS SHAREHOLDERS WHOM APPROVE THE PRESIDENT OF THE BOARD OF GOVERNORS, AS PRESENTED AND ENDORSED BY THE TRUSTEES. THERE ARE 13 CLASSES OF MEMBERSHIP: ACTIVE, ACTIVE INDIVIDUAL, NON-RESIDENT, NON-RESIDENT INDIVIDUAL, NATIONAL/INTERNATIONAL, TENNIS, TENNIS INDIVIDUAL, HOUSE, HOUSE INDIVIDUAL, EMERITUS, HONORARY, JUNIORS UNDER 30 YEARS OLD, JUNIORS 30 YEARS OLD TO 34 YEARS OLD. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB HAS A BOARD OF TRUSTEES WHICH ARE RESPONSIBLE FOR ELECTING THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B AT THE SHAREHOLDERS ANNUAL MEETING, THE SHAREHOLDERS ELECT THE GOVERNORS AND OFFICERS AND RATIFY THE ACTIONS OF THE OFFICERS AND GOVERNORS FOR THE PREVIOUS YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE TREASURER AND BUSINESS MANAGER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OUR CONFLICT OF INTEREST POLICY IS REVIEWED EVERY YEAR AT THE GOVERNORS' MEETING AND FORMS ARE SIGNED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION IS DETERMINED BY GOVERNORS AND SUPPORTED BY TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO GENERAL PUBLIC.