2024-11-25T16:09:12-05:00 2024-03-31 382622626 FREEDMAN & GOLDBERG CPAS PC 31150 NORTHWESTERN HIGHWAY SUITE 2 FARMINGTON HILLS MI 483342573 990 2023-04-01 380724060 KNOLLWOOD COUNTRY CLUB KNOL 2488551800 5050 WEST MAPLE ROAD WEST BLOOMFIELD MI 48322 PAUL FINKEL TREASURER 2488551800 2024-11-07 true false MICHAEL GOLDBERG P00160942 2486262400 2024-11-25 2023 2024-10-15 13:58:12Z PAUL FINKEL 5050 WEST MAPLE ROAD WEST BLOOMFIELD MI 48322 9456734 false X WWW.KNOLLWOODCOUNTRYCLUB.NET X 1932 MI PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS 13 13 128 286718 103114 0 5126393 5168042 5308 54765 -141953 2104661 4989748 7327468 0 0 2466698 2696301 0 0 2405342 2327921 4872040 5024222 117708 2303246 6209738 8110704 2933701 2538221 3276037 5572483 X PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS false false ALL EXPENSES ARE INCURRED IN PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS ALL EXPENSES ARE INCURRED IN PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS. false false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 53 0 128 true true true false false false false 50019 635851 false false false X 13 13 false true false false true true true true true false false true true true true true true true true false MI X TRACY WILSON 2488551800 5050 WEST MAPLE ROAD WEST BLOOMFIELD MI 48322 X ADAM BEHRENDT DIRECTOR 5.00 X 0 0 0 JORDAN BOLTON VICE PRESIDE 5.00 X X 0 0 0 MARK COLTON PRESIDENT 5.00 X X 0 0 0 PAUL FINKEL TREASURER 5.00 X X 0 0 0 NANCY GOLDMAN DIRECTOR 5.00 X 0 0 0 AMY GROSINGER SECRETARY 5.00 X X 0 0 0 MARC ISSNER DIRECTOR 5.00 X 0 0 0 DOUG LEVINE IMMEDIATE PA 5.00 X X 0 0 0 STEPHEN MALERMAN DIRECTOR 5.00 X 0 0 0 MICHAEL SCHUCHMAN DIRECTOR 5.00 X 0 0 0 LARRY SLABOTSKY DIRECTOR 5.00 X 0 0 0 STEPHEN WOOD DIRECTOR 5.00 X 0 0 0 DR ERIC ZUCKERMAN DIRECTOR 5.00 X 0 0 0 false false false COST PLUS CONSTRUCTION LLC 300 HICKORY NUT DRIVE WATERFORD MI 48327 CONSTRUCTION 140899 ASPHALT SPECIALTIES LLC 1780 E HIGHWOOD PONTIAC MI 48340 CONSTRUCTION 113045 TROON GOLF LLC 15044 B SCOTTSDALE ROAD STE 300 SCOTTSDALE AZ 85254 MANAGEMENT 104615 3 MEMBERSHIP DUES 713990 3443334 3443334 CARTS AND GREEN FEES 713990 434559 434559 OTHER PROGRAM SERVICE REVENUE 713990 432081 432081 BAG, RANGE, & LOCKER FEES 713990 248251 248251 NON-MEMBER-GOLF OUTING 713990 242071 242071 367746 367746 5168042 54765 54765 1708053 2129266 -421213 -411095 -10118 CAPITAL ASSESSMENT 2318940 2318940 CAPITAL RESERVE FEE 156915 156915 INITIATION FEES 50019 50019 2525874 7327468 7040750 286718 X 2220010 32755 239351 204185 8182 9056 40176 402311 171244 UTILITIES 287458 VALET SERVICE 219461 FERTILIZER AND CHEMICAL 177710 ENTERTAINMENT AND PARTIES 170726 841597 5024222 0 0 0 1213310 2121425 474911 835649 223897 240015 43395 68186 23309403 18473006 4227841 4836397 26384 9032 6209738 8110704 599378 227216 318740 353265 1005297 958113 1010286 999627 2933701 2538221 X 3276037 5572483 3276037 5572483 6209738 8110704 X 2303246 -6800 X true false false false 1523200 1523200 15072182 12677377 2394805 2314645 2111187 203458 4399376 3684442 714934 4836397 RESIGNED MEMBER ASSESSMENTS 990595 OPERATING LEASE LIABILITIES 9032 999627 X 9456383 9456383 -2128915 -2128915 7327468 7153137 2128915 2128915 5024222 5024222 SCHEDULE D, PAGE 3, PART X THE CLUB HAS ADOPTED ASC GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO STEP PROCESS. A DETERMINATION IS MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED UPON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULTIMATE SETTLEMENT. AT MARCH 31, 2024, THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL. SCHEDULE D, PAGE 4, PART XI, LINE 4B COST OF GOODS SOLD -2,128,915 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 2,128,915 FORM 990, PAGE 2, PART III, LINE 4D ALL EXPENSES ARE INCURRED IN PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS. FORM 990, PAGE 6, PART VI, LINE 3 THE CLUB HAS A MANAGEMENT AGREEMENT WITH TROON GOLF, LLC. AS PART OF THE AGREEMENT, ALL NON-UNION EMPLOYEES ARE TROON GOLF, LLC EMPLOYEES AND ALL PAYROLL IS REPORTED ON TROON GOLF, LLC'S PAYROLL TAX RETURNS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS VOTING AND NON-VOTING MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF THE CLUB VOTE WHO IS ELECTED TO THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS VOTE ON VARIOUS MATTERS. FORM 990, PAGE 6, PART VI, LINE 11B THE EXTERNAL REVIEWER REVIEWS FORM 990 WITH AT LEAST ONE MEMBER OF THE EXECUTIVE COMMITTEE AND / OR ONE MEMBER OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING EACH BOARD MEMBER SIGN IT, WHEN ELECTED. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS DETERMINES COMPENSATION LEVELS. FORM 990, PAGE 6, PART VI, LINE 15B SAME AS LINE 15A FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST, ALL DOCUMENTS PERTAINING TO THE CLUB'S GOVERNING DOCUMENTS WILL BE MADE AVAILABLE. FORM 990, PART IX, LINE 24E SUPPLIES 155,088 0 0 COGS 145,365 0 0 REPAIRS AND MAINTENANCE 118,665 0 0 PROPERTY TAXES 79,511 0 0 MANAGEMENT FEES 75,000 0 0 EQUIPMENT LEASE 70,706 0 0 FLOWERS AND LANDSCAPING 50,866 0 0 COMPUTER EXPENSE 35,054 0 0 PROFESSIONAL FEES 25,272 0 0 DUES & SUBSCRIPTIONS 21,721 0 0 BAD DEBTS 21,110 0 0 MISCELLANEOUS 18,377 0 0 CONTRACT LABOR 11,431 0 0 SECURITY 6,385 0 0 BANK AND CREDIT CARD FEES 4,658 0 0 POSTAGE 2,388 0 0 TOTAL 841,597 0 0 FORM 990, PART XI, LINE 9 RESIGNED MEMBER TRANSACTIONS -6,800