2024-09-10T14:15:19-05:00 2023-10-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-11-01 860507921 BRIARWOOD COUNTRY CLUB INC BRIA 6235845600 20800 N 135TH AVENUE SUN CITY WEST AZ 85375 RAMONA PUTNAM PRESIDENT 6235845600 2024-09-06 1 1 MELISSA HANGSLEBEN P02087031 6022662248 2024-09-06 2022 2024-08-08 14:25:15Z RAMONA PUTNAM 20800 N 135TH AVENUE SUN CITY WEST AZ 85375 4903871 0 X WWW.BRIARWOODCC.COM X 1985 AZ TO PROVIDE A HIGH QUALITY SOCIAL AND GOLF EXPERIENCE FOR THE BENEFIT OF OUR MEMBERS, THEIR FAMILIES AND THEIR GUESTS WHILE MAINTAINING SOUND FISCAL POLICY. 11 11 115 100 457684 9587 743825 0 3896853 3802658 6421 10587 299132 461395 4946231 4274640 0 0 0 0 2223682 2217909 0 0 0 1831544 1841885 4055226 4059794 891005 214846 6785366 6408011 2110992 1518791 4674374 4889220 PROVIDE MEMBERS WITH A SENSE OF COMMUNITY WHERE THEY BELONG AND CAN BUILD LASTING FRIENDSHIPS THROUGH HIGH-QUALITY GOLF, DINING, AND SOCIAL EXPERIENCES. BRIARWOOD IS NOT JUST A GOLF AND SOCIAL COUNTRY CLUB IT IS AN IMPORTANT PART OF OUR MEMBERS' LIVES. 0 0 BRIARWOOD COUNTRY CLUB PROVIDES GOLF, SWIMMING, DINING, AND SOCIAL ACTIVITIES FOR APPROXIMATELY 465 MEMBERSHIPS AND 765 MEMBERS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 115 1 1 1 0 0 0 0 411173 537922 0 0 0 X 11 11 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X MAUREEN ALGERIO 6235845600 20800 N 135TH AVENUE SUN CITY WEST AZ 85375 RAMONA PUTNAM PRESIDENT 2.00 X X 0 0 0 RICHARD CISELA VICE PRESIDENT 2.00 X X 0 0 0 JOHN GOOLSBY TREASURER 2.00 X X 0 0 0 PAULA GARROTT SECRETARY 2.00 X X 0 0 0 STEVEN HALL DIRECTOR 2.00 X 0 0 0 DAN MINNIX DIRECTOR 2.00 X 0 0 0 BOB SIMON DIRECTOR 2.00 X 0 0 0 GARY MADISON DIRECTOR 2.00 X 0 0 0 DON LOGELIN DIRECTOR 2.00 X 0 0 0 TOM CHANAK DIRECTOR 2.00 X 0 0 0 JOHN BRAMBERT DIRECTOR 2.00 X 0 0 0 NATE POMEROY GENERAL MANAGER (THRU 3/6/2023) 40.00 X 110424 0 179 110424 0 179 1 0 0 0 0 MEMBERSHIP DUES 713910 1754254 1754254 BANQUET REVENUES 713910 984623 984623 SPECIAL ASSESSMENT 713910 773534 773534 GOLF FACILITY FEES AND RENTAL 713910 243488 136327 107161 ENTERTAINMENT FEES 713910 24064 24064 22695 22695 3802658 10587 10587 679453 629231 50222 -289714 339936 RESERVE FUND INCOME 900099 276937 276937 OTHER CAPITAL INCOME 900099 77586 77586 MEMBER TRANSFER FEES 713910 56650 56650 411173 4274640 3816956 457684 0 52272 1874305 135574 155758 74491 74604 27983 31396 27433 185291 58117 418996 62183 21722 386138 57289 UBIT 746 GROUNDS MAINTENANCE 227160 REPAIRS AND MAINTENANCE 93332 BAD DEBT 41420 53584 4059794 81153 168021 1707998 685277 215419 93418 148419 158157 45938 62793 17493313 12281309 4586439 5212004 0 28341 6785366 6408011 697372 394354 1002805 382668 337783 214431 73032 527338 2110992 1518791 X 5212446 5212446 3198004 3198004 -3736076 -3521230 4674374 4889220 6785366 6408011 214846 0 X X 0 1 X 1 0 2469914 2469914 5631851 4897667 734184 2935882 1482526 1453356 6421019 5901116 519903 34647 34647 5212004 DEPOSITS - MEMBERS AND OTHERS 418481 LEASE LIABILITY - OPERATING AND FINANCE 108857 527338 X 4903871 0 4903871 -629231 -629231 4274640 4689025 629231 629231 4059794 0 4059794 PART X, LINE 2: BRIARWOOD COUNTRY CLUB, INC. QUALIFIES AS A NONPROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(7) AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CLUB DOES PAY INCOME TAXES ON ITS INTEREST INCOME AND ON ANY OTHER INCOME WHICH IS UNRELATED TO ITS EXEMPT PURPOSE. THE CLUB WILL MAINTAIN ITS EXEMPT STATUS AS LONG AS THE OPERATION CONTINUES TO COMPLY WITH THE INTERNAL REVENUE CODE. CURRENTLY THE CLUB IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AND THE CLUB HAS NOT BEEN DETERMINED TO BE A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE CLUB HAS EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THEIR POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. THE CLUB'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD MOVED FROM THE FUNCTIONAL EXPENSE STATEMENT TO THE STATEMENT OF REVENUE -629,231. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD MOVED FROM THE FUNCTIONAL EXPENSE STATEMENT TO THE STATEMENT OF REVENUE 629,231. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGED IN A MANAGEMENT SERVICE AGREEMENT WITH TROON IN MARCH 2023. THE SERVICES PROVIDED BY TROON INCLUDE SUPERVISING AND ADMINISTERING DAILY OPERATIONS, ADVISING THE OWNER ON POLICIES AND STANDARDS, HIRING AND SUPERVISING EMPLOYEES, ADVISING ON PRICING, ESTABLISHING ACCOUNTING AND PAYROLL PROCEDURES, MANAGING CADDIE PROGRAMS AND SPECIAL EVENTS, PROVIDING HR SUPPORT AND TRAINING, PROVIDING LEGAL GUIDANCE AND SUPPORT, AND OVERSEEING AND MANAGING CAPITAL IMPROVEMENT PROJECTS. FORM 990, PART VI, SECTION A, LINE 6 EQUITY MEMBERS SHALL HAVE USE PRIVILEGES FOR ALL CLUB FACILITIES AND SHALL BE ENTITLED TO VOTE AND SERVE ON THE BOARD. EQUITY MEMBERS IN GOOD STANDING ARE ENTITLED TO ONE (1) VOTE PER MEMBERSHIP. IN THE CASE OF A COUPLE, ONE PERSON SHALL BE IDENTIFIED AS THE VOTING MEMBER AND THE OTHER PERSON AS THE SPOUSE OR SIGNIFICANT OTHER WHICH SHALL BE VERIFIED ANNUALLY. NON-EQUITY MEMBERSHIPS ARE NON-VOTING, NON-TRANSFERABLE, AND NON-REFUNDABLE, AND HAVE LIMITED USE OF THE GOLF FACILITIES AND OTHER FACILITIES AS DETERMINED BY THE BOARD. SOCIAL MEMBERS HAVE ACCESS TO ALL CLUB FACILITIES EXCEPT GOLF FACILITIES AND OTHER FACILITIES AS DETERMINED BY THE BOARD. THEY CAN USE PUTTING GREENS AND SERVE ON COMMITTEES. CLERGY MEMBERS WITHIN 15 MILES OF THE CLUB CAN APPLY FOR SOCIAL MEMBERSHIP WITHOUT PAYMENT OF FEES, DUES, FOOD MINIMUMS, OR ASSESSMENTS. THE NUMBER OF MEMBERSHIPS IS LIMITED TO 15. SINGLE SOCIAL MEMBERS PAY MONTHLY DUES OF AT LEAST 2/3 OF REGULAR SOCIAL MEMBERSHIP, FULL REPLACEMENT RESERVE FUND FEES AND ASSESSMENTS, AND HALF FOOD MINIMUMS. NON-RESIDENT MEMBERSHIPS ARE AVAILABLE TO INDIVIDUALS WHOSE PRIMARY RESIDENCE IS NOT IN ARIZONA. NON-RESIDENT MEMBERS HAVE LIMITED USE PRIVILEGES FOR A LIMITED PERIOD OF TIME. THE CLUB WILL HONOR EXISTING NON-RESIDENT MEMBERSHIPS. WIDOW MEMBERSHIPS ARE ISSUED TO THE WIDOW(ER) OF AN EQUITY MEMBER FOR AT LEAST 10 YEARS. THEY HAVE FULL USE PRIVILEGES BUT ARE NON-VOTING. THE CLUB WILL HONOR EXISTING WIDOW MEMBERSHIPS. HONORARY LIFETIME MEMBERSHIPS ARE ISSUED TO CERTAIN QUALIFYING INDIVIDUALS. THEY HAVE FULL USE PRIVILEGES BUT ARE NON-VOTING. THE CLUB WILL HONOR EXISTING HONORARY LIFETIME MEMBERSHIPS. THE BOARD MAY ESTABLISH OTHER NON-EQUITY MEMBERSHIPS DEEMED IN THE BEST INTEREST OF THE CLUB. ANY MEMBERSHIP AUTHORIZED UNDER THE BYLAWS WILL NOT CHANGE THE RIGHTS, PRIVILEGES, OR NUMERICAL LIMITS AUTHORIZED UNDER THESE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE EQUITY MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD SHALL NOT, WITHOUT AN AFFIRMATIVE VOTE OF THE MAJORITY OF THE EQUITY MEMBERS: (A) MAKE A CAPITAL IMPROVEMENT, FACILITY ALTERATION OR PROPERTY ACQUISITION (AS A SINGLE PROJECT OR A SERIES OF RELATED PROJECTS) IN EXCESS OF TWO-HUNDRED AND FIFTY-THOUSAND DOLLARS ($250,000) UNLESS A SITUATION INVOLVES EMERGENCY REPLACEMENT OF FIXED EQUIPMENT OR ASSET. (B) BORROW MONEY OR OTHERWISE INCUR INDEBTEDNESS EXCEEDING TWO-HUNDRED AND FIFTY-THOUSAND DOLLARS ($250,000) OUTSTANDING AT ANY GIVEN TIME OVER AND ABOVE ANY BORROWING OTHERWISE APPROVED BY THE MEMBERS. (C) LEVY ANY SPECIAL ASSESSMENTS, WHICH WILL COST EACH MEMBER MORE THAN ONE THOUSAND DOLLARS ($1,000) PER YEAR. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST QUESTIONNAIRE FORM ANNUALLY. IF AN ISSUE TO BE DECIDED BY A BOARD MEMBER INVOLVES A POTENTIAL CONFLICT OF INTEREST, IT IS THE RESPONSIBILITY OF THE BOARD MEMBER TO: 1) IDENTIFY THE POTENTIAL CONFLICT OF INTEREST, 2) NOT PARTICIPATE IN MAKING MOTIONS REGARDING THE ISSUE, 3) NOT VOTE ON THE ISSUE. THE POTENTIAL CONFLICT OF INTEREST WILL BE RECORDED INTO THE MINUTES OF THE BOARD MEETING ALONG WITH THE USE AND PROCEDURES OF THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING AND PROVIDING ADMINISTRATIVE GUIDANCE AND DIRECTION TO THE CLUB'S GENERAL MANAGER WHO IS ACCOUNTABLE FOR MANAGING THE DAY-TO-DAY OPERATION OF THE CLUB. A REVIEW AND CONTRACT IS UPDATED ANNUALLY. THE BOARD REVIEWS AND APPROVES COMPENSATION LEVELS FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ANY GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT OR THE SELECTION PROCESS FROM THE PRIOR YEAR.