2024-10-14T08:45:51-05:00 2023-11-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-12-01 591216007 THE BEACH CLUB INC BEAC 5618424874 755 NORTH COUNTY ROAD PALM BEACH FL 33480 VICTORIA JOHNSTON TREASURER 5618424874 2024-10-02 1 0 FRANK LUCAS P00995244 5616971785 2022 2024-10-15 13:58:12Z E CRAIG COATS 755 NORTH COUNTY ROAD PALM BEACH FL 33480 11634683 0 X N/A X 1967 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 11 11 141 11 1014685 246493 0 0 6630341 8188125 -2177336 -1316354 2374934 1835793 6827939 8707564 0 0 0 0 5621139 7130790 0 0 0 5949605 6696593 11570744 13827383 -4742805 -5119819 43282976 45944937 13252666 17027231 30030310 28917706 THE BEACH CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 FOOD AND BEVERAGE SALES TOTALED $ 2,954,033 FOR THE YEAR ENDING 11/30/23, OF WHICH $ 1,175,151 WAS NON-MEMBER RELATED INCOME. THE BEACH CLUB PROVIDES SERVICES TO APPROXIMATELY 700 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 58 0 1 141 1 1 1 0 0 0 1 1 0 1203686 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X DAVID MOSS 5618424874 755 NORTH COUNTY ROAD PALM BEACH FL 33480 E CRAIG COATS PRESIDENT 1.00 X X 0 0 0 DR BRUCE OUELLETTE VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL H AGNELLO 2ND VICE PRESIDENT 1.00 X X 0 0 0 LEIGH LARMOYEUX SECRETARY 1.00 X X 0 0 0 VICTORIA JOHNSTON TREASURER 1.00 X X 0 0 0 DAVID THOMAS DIRECTOR 1.00 X 0 0 0 SAMUEL DASHIELL DIRECTOR 1.00 X 0 0 0 JASON J GUARI DIRECTOR 1.00 X 0 0 0 CAROL HICKMAN DIRECTOR 1.00 X 0 0 0 GARY WOODFIELD DIRECTOR 1.00 X 0 0 0 DEBORAH BRINKER DIRECTOR 1.00 X 0 0 0 DAVID SHAW GENERAL MANAGER 40.00 X 330384 0 10850 DAVID MOSS COMPTROLLER 40.00 X 120731 0 6982 MATTHEW SOBON CHEF 40.00 X 194846 0 10442 LARRY KLIMANTIRIS DIRECTOR OF FINANCE/HR 40.00 X 153558 0 10593 FRANK VERMEER TENNIS DIRECTOR 40.00 X 182878 0 11541 982397 0 50408 5 0 1 0 0 MEMBERSHIP DUES AND ASSESSMENTS 713910 6789221 6789221 TENNIS 713910 614818 614818 CABANA RENTALS 713910 539948 539948 LOCKER RENTALS 713910 190669 190669 CROQUET 713910 53469 24934 28535 8188125 296029 296029 1612383 -1612383 -1612383 -1612383 3072030 1314736 1757294 1067173 690121 MEMBER FINANCING 713910 64351 64351 MISC. INCOME 713910 14148 14148 78499 8707564 9305262 1014685 -1612383 X 5423753 187186 1519851 2449211 586153 FOOD 736397 TENNIS 595822 ADMIN & GENERAL 436559 ENERGY COSTS 394973 1497478 13827383 13234051 8012054 607344 490866 147329 185834 192071 195545 46149492 10650546 23958069 35498946 958045 5144112 603647 43282976 45944937 744054 732515 5880530 6949080 6628082 9345636 13252666 17027231 X 30030310 28917706 30030310 28917706 43282976 45944937 X -5119819 4007215 X X 0 1 X 1 0 535999 535999 32586800 7209641 25377159 10386441 3422323 6964118 2640252 18582 2621670 35498946 ADVANCED PAYMENTS RECEIVED FROM PROVISIONAL MEMBERS 9200814 FINANCE LEASE LIABILITY 92767 OPERATING LEASE LIABILITY 52055 9345636 X 10022300 0 10022300 -1314736 -1314736 8707564 15142119 1314736 1314736 13827383 0 13827383 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITION AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -1,314,736. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,314,736. X X X X 0 0 0 DAVID SHAW GENERAL MANAGER 225884 0 104500 0 0 0 0 0 10850 0 341234 0 0 0 MATTHEW SOBON CHEF 169796 0 25050 0 0 0 0 0 10442 0 205288 0 0 0 FRANK VERMEER TENNIS DIRECTOR 148378 0 34500 0 0 0 0 0 11541 0 194419 0 0 0 LARRY KLIMANTIRIS DIRECTOR OF FINANCE/HR 133308 0 20250 0 0 0 0 0 10593 0 164151 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: STOCK HOLDERS IN GOOD STANDING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER. THIS TREASURER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS ANY TRANSACTIONS THAT COULD VIOLATE THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE BOARD OF DIRECTORS CONSIDERS COMPARABLE RATES AND OTHER MARKET FACTORS AFFECTING COMPENSTION, WHICH IS FURTHER APPROVED BY A BOARD OF DIRECTORS VOTE. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E BUILDINGS AND GROUNDS 317,384. ENTERTAINMENT 257,026. REAL ESTATE & PERSONAL PROPERTY TAXES 254,999. CABANA AND POOL 238,338. BEVERAGE 145,251. CROQUET 112,817. LOCKER ROOMS 109,140. HOUSEKEEPING 35,519. LAUNDRY 18,736. OTHER EXPENSES 8,268. FORM 990, PART XI, LINE 9: ADDITONAL PAID IN CAPITAL 3,052,750. MEMBERSHIP CERTIFICATES REDEEMED -1,100. CAPITAL IMPROVEMENT ASSESSMENT 895,685. SPECIAL CAPITAL ASSESSMENT 57,480. MEMBERSIHP CERTIFICATES ISSUED 2,400. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.