2024-10-09T15:46:13-05:00 2023-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2023-01-01 951927084 LA CUMBRE COUNTRY CLUB LACU 8056872421 4015 VIA LAGUNA SANTA BARBARA CA 93110 MIKE NICOLAIS TREASURER 8056872421 2024-10-09 1 0 MARK J HENNELLY P00982999 8186375000 2023 2024-10-15 13:58:12Z MIKE NICOLAIS 4015 VIA LAGUNA SANTA BARBARA CA 93110 28077202 0 X HTTPS://WWW.LACUMBRECC.ORG/ X 1956 CA LA CUMBRE GOLF AND COUNTRY CLUB IS A PRIVATE SOCIAL AND RECREATIONAL ORGANIZATION. 9 9 215 0 289552 240738 136548 0 10877759 23351650 -31444 288714 2177741 -716118 13160604 22924246 0 0 0 0 7304572 4520975 0 0 0 5122011 5677526 12426583 10198501 734021 12725745 17236472 30050911 2710880 2622601 14525592 27428310 THE CLUB IS A PRIVATE SOCIAL AND RECREATIONAL ORGANIZATION WHOSE PURPOSE IS TO CREATE A SENSE OF FAMILY AND COMMUNITY AMONG ITS MEMBERS BY PROVIDING THE HIGHEST QUALITY SERVICE AND BEAUTIFUL SETTINGS WITH UNSURPASSED FACILITIES IN A FISCALLY RESPONSIBLE MANNER. 0 0 OPERATION AND MAINTENANCE OF A COUNTRY CLUB WITH GOLF, TENNIS, FITNESS AND SWIMMING FACILITIES ALONG WITH A DINING ROOM, COCKTAIL BAR, AND PATIO BAR AND GRILL. 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 32 0 215 1 1 1 0 0 0 1 1 2171170 574591 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X JEFF COWAN 8056872421 4015 VIA LAGUNA SANTA BARBARA CA 93110 X GREG MOSS PRESIDENT 5.00 X X 0 0 0 ALAN HARDEN TREASURER 2.00 X X 0 0 0 HENNING THORSON VICE PRESIDENT 2.00 X X 0 0 0 ANNETTA PATRICK SECRETARY 2.00 X X 0 0 0 JIM BUTTIMER DIRECTOR 2.00 X 0 0 0 JOHN BLAIR DIRECTOR 2.00 X 0 0 0 CHIRS PORTNEY DIRECTOR 2.00 X 0 0 0 ROD BROWN DIRECTOR 2.00 X 0 0 0 RON BUSCH DIRECTOR 2.00 X 0 0 0 ADAM ZUBEK GENERAL MANAGER 40.00 X 223579 0 13347 JEFF COWAN CONTROLLER 40.00 X 146289 0 45536 ERIC WIDMER EXECUTIVE CHEF 40.00 X 171573 0 31541 EVAN COLAVINCENZO HEAD GOLF PRO 40.00 X 154701 0 16627 WAYNE MILLS GREEN SUPERINTENDANT 40.00 X 253655 0 38802 MATT BERRY TENNIS DIRECTOR 40.00 X 207926 0 16184 1157723 0 162037 6 0 1 0 0 CAPITAL ASSESSMENT 713910 12047139 12047139 MEMBERSHIP DUES 713910 7962841 7962841 INITIATION FEES 713910 2171170 2171170 GOLF OPERATIONS 713910 731709 629303 102406 SWIMMING, FIT. & TENNIS 713910 206117 206117 232674 232674 23351650 258366 258366 30348 0 30348 30348 30348 4436838 5152956 -716118 -644898 -71220 22924246 22634694 289552 0 X 236927 3062719 102913 823528 294888 4792 1782432 109087 UTILITIES 922966 OPERATING EXPENSES F&B 545157 SUPPLIES 528985 OPERATING EXPENSES A&G 464853 1319254 10198501 2844449 1269006 11777724 1339714 3335105 402675 425394 156652 222766 35985532 22964616 12485899 13020916 7083 17236472 30050911 821723 995091 990411 941946 898746 685564 2710880 2622601 X 14525592 27428310 14525592 27428310 17236472 30050911 X 12725745 177729 -756 X 0 1 X 1 0 624328 624328 16169742 10407444 5762298 10558020 7619220 2938800 6783247 4937952 1845295 1850195 0 1850195 13020916 ACCRUED LIABILITIES 618847 FINANCE LEASE OBLIGATION 66717 685564 X 28254931 177729 5152956 5330685 22924246 0 22924246 15352213 5153712 5153712 10198501 0 10198501 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL AND STATE TAXES RELATED TO REVENUE RECEIVED IN CONNECTION WITH EXEMPT PROGRAMS, UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701(G) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE CLUB IS SUBJECT TO ASSESSMENT OF INCOME TAXES ON WHAT IS TERMED UNRELATED BUSINESS INCOME. THE CLUB CAN GENERATE UP TO 15% OF REVENUE, AS DEFINED IN THE IRC, FROM NON-MEMBER SOURCES. THE CLUB POLICY IS TO MONITOR AND TRACK NON-MEMBER REVENUES TO ENSURE THE CLUB COMPLIES WITH SECTION 501(C)(7) OF THE IRC. IN ADDITION, THE CLUB IS SUBJECT TO TAXATION ON INVESTMENT INCOME. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS BEEN ESTABLISHED IN THE FINANCIAL STATEMENTS. FOR FINANCIAL STATEMENT REPORTING PURPOSES, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2023, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023, THE CLUB'S ANNUAL TAX FILINGS FOR THE PRIOR THREE (3) YEARS ARE OPEN FOR AUDIT BY THE INTERNAL REVENUE SERVICE AND FOR THE PRIOR FOUR (4) YEARS BY THE FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,152,956. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,152,956. FUEL CREDIT 756. X X 0 0 0 WAYNE MILLS GREEN SUPERINTENDANT 242611 0 9286 0 1758 0 9866 0 28936 0 292457 0 0 0 ADAM ZUBEK GENERAL MANAGER 181442 0 0 0 42137 0 0 0 13347 0 236926 0 0 0 MATT BERRY TENNIS DIRECTOR 76101 0 1500 0 130325 0 5416 0 10768 0 224110 0 0 0 ERIC WIDMER EXECUTIVE CHEF 158827 0 12746 0 0 0 6401 0 25140 0 203114 0 0 0 JEFF COWAN CONTROLLER 136506 0 9132 0 651 0 4958 0 40578 0 191825 0 0 0 EVAN COLAVINCENZO HEAD GOLF PRO 140001 0 10755 0 3945 0 5908 0 10719 0 171328 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE CLUB HAS FIVE CLASSES OF MEMBERSHIP: PROPRIETARY, ASSOCIATE, EMERITUS, SOCIAL, AND NONRESIDENT. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE BOARD IS ELECTED BY A VOTE OF THE PROPRIETARY MEMBERS ONLY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE MEMBERS OF THE CLUB APPROVE ANY CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE AUDIT COMMITTEE AND TREASURER REVIEW FORM 990 AND 990-T PRIOR TO THE SIGNING AND FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, DEPARTMENT HEADS, AND THE GENERAL MANAGER RECEIVE THE POLICY AND ARE ASKED TO COMPLETE THE CONFLICT OF INTEREST STATEMENT UPON ELECTION OR HIRE, AND ANNUALLY IN JANUARY THEREAFTER. NO INCIDENTS OF POTENTIAL CONFLICTS OF INTEREST WERE IDENTIFIED OR INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE SUCH DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E OPERATING EXPENSES GOLF MAINTENANCE 395,202. REPAIRS AND MAINTENANCE 349,493. PROPERTY TAXES 211,732. PROFESSIONAL FEES 182,449. OPERATING EXPENSES CARTS, RANGE & STORAGE 66,733. CORPORATE TAXATION 57,000. POSTAGE 45,196. SECURITY 7,989. OPERATING EXPENSES LOCKER ROOM 3,210. OPERATING EXPENSES OTHER SPORTS 250. FORM 990, PART XI, LINE 9: FUEL TAX CREDIT -756.