2024-09-13T10:51:44-05:00 2023-10-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2022-11-01 133863688 GOLF CLUB OF PURCHASE INC GOLF 9143285047 10 COUNTRY CLUB DRIVE PURCHASE NY 10577 MICHAEL RANKOWITZ TREASURER 9143285047 2024-05-15 1 1 KERRI RAWCLIFFE P01398485 4016216200 2024-09-12 2022 2024-08-08 14:25:15Z MICHAEL RANKOWITZ 10 COUNTRY CLUB DRIVE PURCHASE NY 10577 8878264 0 X N/A X 1992 NY THE GOLF CLUB OF PURCHASE, INC. WAS INCORPORATED UNDER NEW YORK STATE NOT FOR PROFIT CORPORATION LAW FOR THE PURPOSE OF OPERATING A PRIVATE RECREATIONAL GOLF CLUB EXCLUSIVELY FOR THE PLEASURE AND RECREATION OF ITS MEMBERS, THEIR FAMILIES AND GUESTS. THE CLUB IS FUNDED BY DUES, FEES AND CHARGES TO THE MEMBERSHIP FOR THE USE OF THE FACILITIES. 14 14 73 10 123038 89691 0 0 6244398 7205525 5411 69712 -369904 -417477 5879905 6857760 0 0 0 0 3463174 3950989 0 0 0 3587880 3493564 7051054 7444553 -1171149 -586793 35261045 37599998 1466847 1864836 33794198 35735162 THE CLUB MAINTAINS A CLUBHOUSE AND GOLF GROUNDS TO CULTIVATE A SOCIAL SPIRIT AMONG ITS MEMBERS TO PROVIDE THEM WITH LAWFUL RECREATION TO DO GENERALLY WHATEVER MAY SERVE FOR THE ADVANCEMENT, BENEFIT, DIVERSION OR PLEASURE OF THE MEMBERS. 0 0 THE CLUB'S PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE ITS PREMIER JACK NICKLAUS SIGNATURE EIGHTEEN HOLE GOLF COURSE AND FACILITIES WHICH ARE OPEN YEAR ROUND TO THE MEMBERSHIP TO ENJOY FOR ITS MEMBERS AND THEIR GUESTS. THE FOOD AND BEVERAGE OPERATION OFFERS LUNCH AND DINNER SERVICE TO THE MEMBERS AND IS AVAILABLE IN MULTIPLE LOCATIONS FOR THE MEMBERS TO ENJOY SUCH AS IN THE MAIN DINING ROOM, THE GRILL ROOM AND TERRACE. THE CLUB HAS A STATE OF THE ART TEACHING FACILITY WHERE THE MEMBERS CAN WORK ON THEIR GOLF SWING TWELVE MONTHS OF THE YEAR BY WORKING WITH THE GOLF PROFESSIONALS AND USING VIDEO EQUIPMENT TO HELP MONITOR AND IMPROVE THEIR SWING. 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 16 0 1 73 1 1 1 0 0 0 0 30000 256535 0 0 0 X 14 14 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X NIKI LACERDA 9143285047 10 COUNTRY CLUB DRIVE PURCHASE NY 10577 ROBERT WISE PRESIDENT 2.00 X X 0 0 0 JOHN MACK CHAIRMAN 2.00 X X 0 0 0 MICHAEL RANKOWITZ TREASURER 2.00 X X 0 0 0 LEONARD BOXER SECRETARY 2.00 X X 0 0 0 RONALD BLAYLOCK BOARD MEMBER 2.00 X 0 0 0 MARK F DZIALGA BOARD MEMBER 2.00 X 0 0 0 WES EDENS BOARD MEMBER 2.00 X 0 0 0 SARA WEINHEIMER BOARD MEMBER 2.00 X 0 0 0 ISAAC ZION BOARD MEMBER 2.00 X 0 0 0 MATTHEW BOSTOCK BOARD MEMBER 2.00 X 0 0 0 SOPHIE MOND GENERAL MANAGER 50.00 X 278558 0 13418 CARL ALEXANDER DIRECTOR OF GOLF 50.00 X 532685 0 30000 AARON CROUSE GOLF COURSE SUPERINTENDENT 50.00 X 250692 0 7244 NIKI LACERDA COMPTROLLER 45.00 X 163154 0 950 1225089 0 51612 4 0 1 0 0 MEMBER DUES 713910 6546454 6546454 GREENS FEES AND CART RENTALS 713910 629071 539669 89402 INITIATION FEES 713910 30000 30000 7205525 69712 69712 1512606 2020504 -507898 -463772 -44126 OTHER REVENUE 900099 90421 82371 8050 90421 6857760 6734722 123038 0 978726 2301104 19106 315503 336550 105341 7275 24902 38148 18591 192056 73604 491416 16192 1722 1204496 215778 SUPPLIES & CHEMICALS 572270 REPAIRS AND MAINTENANCE 278555 EQUIPMENT 220138 FOOD & BEVERAGE 15968 17112 7444553 760712 546367 348462 1862646 344847 671636 261028 309933 107707 145298 61538236 27711857 33438289 33826379 0 237739 35261045 37599998 199218 238118 872186 988989 395443 637729 1466847 1864836 X 33794198 35735162 33794198 35735162 35261045 37599998 X -586793 2527757 X 0 1 X 0 0 24739158 24739158 30164738 22844267 7320471 6634340 4867590 1766750 33826379 ROU LEASE LIABILITY 237739 OTHER LIABILITIES 399990 637729 X 8878264 2020504 2020504 6857760 0 6857760 9465057 2020504 2020504 7444553 0 7444553 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-REPORTED IN PART VIII, LINE 10B 2,020,504. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-REPORTED IN PART VIII, LINE 10B 2,020,504. 0 0 0 CARL ALEXANDER DIRECTOR OF GOLF 532685 0 0 0 0 0 0 0 30000 0 562685 0 0 0 SOPHIE MOND GENERAL MANAGER 278558 0 0 0 0 0 0 0 13418 0 291976 0 0 0 AARON CROUSE GOLF COURSE SUPERINTENDENT 250692 0 0 0 0 0 7244 0 0 0 257936 0 0 0 NIKI LACERDA COMPTROLLER 163154 0 0 0 0 0 950 0 0 0 164104 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES AN OUTSIDE MANAGEMENT COMPANY, INSPERITY, INC., A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO") AS A CO-EMPLOYER. ALL INDIVIDUALS LISTED IN PART VII ARE PAID BY THE PEO. THEIR CALENDAR YEAR 2022 COMPENSATION IS REPORTED IN PART VII, SECTION A. IN 2022, THE ORGANIZATION PAID $105,341 IN MANAGEMENT FEES. FORM 990, PART VI, SECTION A, LINE 6 THE GOLF CLUB OF PURCHASE IS A PRIVATE RECREATIONAL GOLF CLUB EXCLUSIVELY FOR THE PLEASURE AND RECREATION OF ITS MEMBERS, THEIR FAMILIES AND GUESTS. THE CLUB IS FUNDED BY MEMBER DUES, FEES AND CHARGES TO THE MEMBERSHIP FOR THE USE OF THE FACILITIES. THE MEMBERSHIP OF THE CLUB SHALL CONSIST OF 250 REGULAR MEMBERS, 100 INTERNATIONAL AND 100 NATIONAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE SHALL RECOMMEND, AT LEAST THIRTY DAYS PRIOR TO THE MEMBERS ANNUAL MEETING, THE NAMES OF THE MEMBERS SELECTED BY A MAJORITY VOTE OF THE NOMINATING COMMITTEE TO BE SUBMITTED TO THE MEMBERS OF THE CLUB AT ANY ANNUAL MEETING AT WHICH AN ELECTION TO THE BOARD IS HELD. TEN PERCENT (10%) OR MORE OF THE TOTAL NUMBER OF MEMBERS ENTITLED TO VOTE WHO ARE NOT MEMBERS OF THE NOMINATING COMMITTEE OR THE BOARD OF DIRECTORS MAY ALSO NOMINATE CANDIDATES FOR THE BOARD OF DIRECTORS BY PETITION SIGNED BY THESE MEMBERS AND FILED WITH THE SECRETARY OF THE CLUB AT LEAST THIRTY (30) DAYS PRIOR TO THE MEMBERS' ANNUAL MEETING. THE NAMES OF THESE NOMINEES, AFTER HAVING BEEN CERTIFIED BY THE SECRETARY OF THE CLUB OR ANY OTHER OFFICER THAT THEY QUALIFIED FOR ELECTION AND HAVE BEEN NOMINATED IN ACCORDANCE WITH THE PROVISIONS OF THESE BY-LAWS, SHALL BE POSTED ON THE OFFICIAL BULLETIN BOARD AT THE CLUBHOUSE AND SHALL BE INCLUDED ON ANY PROXY MAILING TO MEMBERS OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B THE GOLF CLUB OF PURCHASE, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IT IS REVIEWED BY MANAGEMENT AND SUBMITTED ELECTRONICALLY OR BY HAND, TO MEMBERS OF THE CLUB'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE GOLF CLUB OF PURCHASE, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY WILL OPENLY REVIEW THE SITUATION AND ADDRESS THE CONFLICT. ANY MEMBER OF THE BOARD WHO IS INVOLVED WITH THE CONFLICT MAY NOT PARTICIPATE ON THE BOARD UNTIL THE CONFLICT IS RESOLVED. THE BOARD WILL TAKE A VOTE ON HOW TO RESOLVE THE CONFLICT AND ONCE IT HAS BEEN RESOLVED, THAT BOARD MEMBER MAY BE ALLOWED TO RETURN TO THEIR POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN CERTIFICATES 2,527,757.