2024-11-20T07:57:06-06:00 2023-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-01-01 590302870 INDIAN CREEK COUNTRY CLUB INC INDI 3058665751 55 INDIAN CREEK ISLAND ROAD INDIAN CREEK VILLAGE FL 33154 MIKE JACKSON TREASURER 3058665751 2024-11-18 1 0 CHRISTOPHER CECIL P01877773 5616971785 2023 2024-10-15 13:58:12Z THOMAS J BALTIMORE JR 55 INDIAN CREEK ISLAND ROAD INDIAN CREEK VILLAGE FL 33154 12841086 0 X WWW.INDIANCREEKCOUNTRYCLUB.ORG X 1938 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 146 60 638277 0 0 0 7827921 9315993 -2052650 -483264 1157925 2054806 6933196 10887535 0 0 0 0 5818931 7258683 0 0 0 5965078 8206316 11784009 15464999 -4850813 -4577464 34953984 39591635 14756522 14568987 20197462 25022648 INDIAN CREEK COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDED RESTAURANT, GOLFING, TENNIS, CROQUET, AQUATICS, AND FITNESS ACTIVITIES FOR ITS 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 57 0 1 146 1 1 1 0 0 0 1 1 0 1062827 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X CLARECE DEPKIN GENERAL MANAGER 3058665751 55 INDIAN CREEK ISLAND ROAD INDIAN CREEK VILLAGE FL 33154 THOMAS J BALTIMORE JR PRESIDENT 0.50 X X 0 0 0 WILLIAM W BURKE VICE PRESIDENT 0.50 X X 0 0 0 KRISTI W JERNIGAN TREASURER 0.50 X X 0 0 0 DOUGLAS M HALSEY DIRECTOR 0.50 X 0 0 0 BEN F AYCOCK DIRECTOR 0.50 X 0 0 0 NANCY H BAILEY DIRECTOR 0.50 X 0 0 0 G JOSEPH DIPPELL JR DIRECTOR 0.50 X 0 0 0 DAVID P VIEAU DIRECTOR 0.50 X 0 0 0 DEAN C COLSON DIRECTOR 0.50 X 0 0 0 JEFFREY J HICKS DIRECTOR 0.50 X 0 0 0 DAVID R PARKER DIRECTOR 0.50 X 0 0 0 GEERT-JAN BAKKER DIRECTOR 0.50 X 0 0 0 DORIAN K DAMOORGIAN DIRECTOR 0.50 X 0 0 0 WILLIAM L MORRISON DIRECTOR 0.50 X 0 0 0 RICHARD S YOUNGMAN DIRECTOR 0.50 X 0 0 0 CLARECE R DEPKIN GENERAL MANAGER 55.00 X 349344 0 28036 HELEN KARPEL CHIEF FINANCIAL OFFICER 55.00 X 277674 0 28305 BRETT HARRIS COURSE SUPERINTENDENT 55.00 X 171901 0 4347 JOE COMPITELLO DIRECTOR OF GOLF 55.00 X 326456 0 37235 LUKE LIVINGSTON EXECUTIVE CHEF 55.00 X 201040 0 32746 AARON C BARNETT DIRECTOR OF AGRONOMY 55.00 X 230696 0 17011 1557111 0 147680 6 0 1 0 LUCKY 24 TRANSPORT LLC PO BOX 778 OKAHUMPKA FL 34762 FREIGHT HAULING SERVICES 245589 ANGELA'S FLOWER'S MIAMI 3685 NE 2ND AVE LOT 55 MIAMI FL 33137 FLORIST 109034 2 MEMBER DUES 713910 8586289 8586289 GOLF AND RELATED 713910 533593 468905 64688 LOCKER ROOMS 713910 157202 157202 TENNIS AND POOL 713910 38909 36880 2029 9315993 420 420 483684 -483684 -483684 -483684 3510072 1469867 2040205 1469065 571140 OTHER 713910 14601 14601 14601 10887535 10732942 638277 -483684 6035854 130288 563577 528964 159810 1256730 1269740 GOLF COURSE MAINTENANCE 2914061 REPAIRS & MAINTENANCE 523957 ADMIN. & GENERAL 449004 ENTERTAINMENT 345849 1287165 15464999 280623 830675 1495434 1189504 689271 595017 640148 882240 48651484 12844879 31474841 35806605 373667 287594 34953984 39591635 1657299 1858464 8727726 10401199 4371497 2309324 14756522 14568987 X 20197462 25022648 20197462 25022648 34953984 39591635 X -4577464 9402650 X X 0 1 X 1 0 3826761 3826761 12216465 6541049 5675416 7484319 5091853 2392466 25123939 1211977 23911962 35806605 PROPRIETARY MEMBERSHIP CERTIFICATE DEPOSITS 40000 OPERATING LEASE LIABILITY 269324 LONG-TERM DEBT 2000000 2309324 X 12357402 1469867 1469867 10887535 0 10887535 16934866 1469867 1469867 15464999 0 15464999 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,469,867. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,469,867. X 1 1 X X 0 0 0 CLARECE R DEPKIN GENERAL MANAGER 296767 0 45000 0 7577 0 10554 0 17482 0 377380 0 0 0 JOE COMPITELLO DIRECTOR OF GOLF 174478 0 125000 0 26978 0 9069 0 28166 0 363691 0 0 0 HELEN KARPEL CHIEF FINANCIAL OFFICER 221174 0 56500 0 0 0 11222 0 17083 0 305979 0 0 0 AARON C BARNETT DIRECTOR OF AGRONOMY 196096 0 30000 0 4600 0 5942 0 11069 0 247707 0 0 0 LUKE LIVINGSTON EXECUTIVE CHEF 175940 0 25000 0 100 0 8247 0 24499 0 233786 0 0 0 BRETT HARRIS COURSE SUPERINTENDENT 45978 0 0 0 125923 0 1241 0 3106 0 176248 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 CATEGORY HAS VOTING PRIVILEGES: PROPRIETARY MEMBERS FORM 990, PART VI, SECTION A, LINE 7B PROPOSED AMENDMENTS OR REVISIONS TO THE ARTICLES OR BYLAWS AND SALES OF ASSETS WITH FAIR MARKET VALUE IN EXCESS OF $250K (WOULD COVER DISSOLUTION OF THE CLUB) ARE SUBJECT TO THE APPROVAL OF THE MEMBERS ELIGIBLE TO VOTE. 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 FOR 990 AND THE RELATED SCHEDULES TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE REPORTS ANY SIGNIFICANT ITEMS ON THE 990 TO THE BOARD. THE TREASURER AND DIRECTOR OF FINANCE ALSO REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE CLUB OPERATES IN A CONSISTENT MANNER AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED BY THE AUDIT COMMITTEE. THE PERIODIC REVIEW, AT A MINIMUM, INCLUDES THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE CLUB'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENT FOR GOODS AND SERVICES, AND DO NOT RESULT IN INURNMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. WHEN CONDUCTING PERIODIC REVIEWS, THE CLUB MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE GOVERNING BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 CONTRACTS FOR KEY EMPLOYEES ARE NEGOTIATED IN EXECUTIVE BOARD SESSIONS. IN MAY EACH YEAR, THE GENERAL MANAGER DETERMINES THE BONUS AMOUNTS FOR ALL SALARIED EMPLOYEES. THE BONUS FOR THE GENERAL MANAGER IS DETERMINED BY THE PRESIDENT IN LINE WITH THEIR CONTRACT AGREEMENT. SALARIED STAFF ARE REVIEWED FOR RAISES IN MAY FOR AN EFFECTIVE DATE OF JUNE 1ST. FINAL DETERMINATIONS VIA A SIGNED DOCUMENT SHOWING THE APPROVED BONUSES AND RAISE STATUS ARE PROVIDED TO ACCOUNTING. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND VIA INSPECTION AT THE CLUB. THE FINACIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND AVAILABLE FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: ISSUANCE OF PROPRIETARY MEMBERSHIP CERTIFICATES 11,000. REDEMPTION OF PROPRIETARY MEMBERSHIP CERTIFICATES -10,000. INITIATION FEES, CAPITAL 8,987,500. CAPITAL IMPROVEMENT ASSESSMENTS 414,150. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.