2024-12-13T11:48:48-06:00 2024-01-31 454051133 FREED MAXICK CPAS PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2023-02-01 160582510 THE PARK COUNTRY CLUB OF BUFFALO INC PARK 7166322121 4949 SHERIDAN DRIVE WILLIAMSVILLE NY 14221 MICHAEL BRADLEY TREASURER 7166322121 2024-12-15 1 0 MARY MADONIA P00405803 7168472651 2024-12-11 2023 2024-10-15 13:58:12Z ROBERT STONE 4949 SHERIDAN DRIVE WILLIAMSVILLE NY 14221 9779008 0 X WWW.PARKCLUB.ORG X 1903 NY PROVIDE MEMBERS THE OPPORTUNITY TO PARTICIPATE IN CLUB ACTIVITIES WITHIN A PRIVATE SETTING. 13 13 216 50 63272 0 0 0 6433445 7318793 3500 0 -1468498 -1685550 4968447 5633243 0 0 0 0 1213156 1344357 0 0 0 4356219 4543640 5569375 5887997 -600928 -254754 9509192 9846185 2712489 3304236 6796703 6541949 PARK COUNTRY CLUB IS A SOCIAL AND RECREATIONAL ORGANIZATION THAT PROVIDES A SENSE OF COMMUNITY FOR ITS MEMBERS AND THEIR FAMILIES AND PROVIDES AN EXCEPTIONAL GOLFING, CULINARY AND SOCIAL EXPERIENCE THAT CONTINUALLY MEETS OR EXCEEDS MEMBER EXPECTATIONS. 0 0 5887997 5569971 PARK COUNTRY CLUB OF BUFFALO, INC IS A NON-PROFIT CORPORATION WHICH PROVIDES ATHLETIC AND SOCIAL ACTIVITIES FOR THE CLUB MEMBERS. 5887997 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 25 0 1 216 1 1 1 0 0 0 0 1440911 225637 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 7166322121 4949 SHERIDAN DRIVE WILLIAMSVILLE NY 14221 JAMES RENDA BOARD MEMBER 2.00 X 0 0 0 ALEXANDRA WEHR BOARD MEMBER 2.00 X 0 0 0 KEVIN DIKEMAN BOARD MEMBER 2.00 X 0 0 0 MICHAEL D MASTERS BOARD MEMBER 2.00 X 0 0 0 AJ BANES BOARD MEMBER 2.00 X 0 0 0 ANTHONY LANA BOARD MEMBER 2.00 X 0 0 0 DAVID HILLERY BOARD MEMBER 2.00 X 0 0 0 BRUCE EATON BOARD MEMBER 2.00 X 0 0 0 DANIEL PAOLINI BOARD MEMBER 2.00 X 0 0 0 WILLIAM R CROWE BOARD MEMBER/PRESIDENT 2.00 X X 0 0 0 PAUL M MURRAY BOARD MEMBER/SECRETARY 2.00 X X 0 0 0 MICHAEL BRADLEY BOARD MEMBER/TREASURER 2.00 X X 0 0 0 SUNIL BAKSHI BOARD MEMBER/VICE PRESIDEN 2.00 X X 0 0 0 JEAN TAGGART CFO (TO MARCH, 2023) 40.00 X 21889 0 0 TERRI MOYNIHAN CFO 40.00 X 87194 0 0 ROBERT STONE GENERAL MANAGER/COO 40.00 X 204699 0 0 MICHAEL STURGIS EXECUTIVE CHEF 40.00 X 157128 0 5739 SCOTT DODSON GROUNDS SUPERINTENDENT 40.00 X 140144 0 4923 THOMAS WALTER HEAD GOLF PROFESSIONAL 40.00 X 128317 0 0 739371 0 10662 4 0 1 0 BRD INC 82 PEARL STREET BUFFALO NY 14202 CONSTRUCTION 405679 1 MEMBERSHIP DUES & ASSESSMENTS 713910 5455759 5455759 GOLF & TOURNAMENTS 713910 1042118 1009268 32850 INITIATION FEES 713910 385624 385624 MISCELLANEOUS INCOME 713910 242786 242786 SERVICE CHARGE INCOME 713910 192506 168014 24492 7318793 2460215 4145765 -1685550 -1691480 5930 5633243 5569971 63272 0 313782 813432 10954 105069 101120 51967 35000 144127 18789 283148 7376 84635 842906 156305 GROUNDS EXPENSE 1270422 GOLF AND TOURNAMENT EXP 976446 PROPERTY TAXES 152403 POOL AND TENNIS 138731 381385 5887997 1137322 1387424 145536 180149 279352 327123 163504 181398 19089060 11722468 7410373 7366592 373105 403499 9509192 9846185 389840 396004 1497032 1719015 771878 1133217 53739 56000 2712489 3304236 X 6796703 6541949 6796703 6541949 9509192 9846185 -254754 0 X X 0 1 X 1 0 175756 175756 10370609 5968956 4401653 3913158 2442075 1471083 4629537 3311437 1318100 7366592 CUSTOMER DEPOSITS 56000 56000 X PART X, LINE 2: THE CLUB IS QUALIFIED UNDER THE PROVISIONS OF SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES. HOWEVER, THE CLUB IS SUBJECT TO FEDERAL UNRELATED BUSINESS INCOME TAXES TO THE EXTENT REVENUES ARE DERIVED FROM ACTIVITIES OTHER THAN MEMBERSHIP ACTIVITIES. A TAX LIABILITY FROM UNCERTAIN TAX POSITION (ONE THAT MAY CAUSE THE CLUB TO BE SUBJECT TO UNRELATED BUSINESS INCOME TAX OR TO LOSE ITS TAX EXEMPT STATUS) MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE CLUB RECORDED NO LIABILITIES FOR THE YEARS ENDED JANUARY 31, 2024 AND 2023 FOR UNRECOGNIZED TAX POSITIONS. X 0 0 0 ROBERT STONE GENERAL MANAGER/COO 189699 0 15000 0 0 0 0 0 0 0 204699 0 0 0 MICHAEL STURGIS EXECUTIVE CHEF 125328 0 31800 0 0 0 0 0 5739 0 162867 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A COUNTRY CLUB AND HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF GOVERNORS SHALL BE ELECTED EVERY OTHER YEAR AT THE ANNUAL MEETING OF THE CLUB, WHICH SHALL BE HELD ON THE THIRD OR FOURTH SATURDAY OF SEPTEMBER EACH YEAR AS DETERMINED BY THE PRESIDENT. EXCEPT AS HEREINAFTER PROVIDED, THE BOARD OF GOVERNORS SHALL BE DIVIDED INTO TWO (2) CLASSES OF SIX (6) MEMBERS EACH WHO SHALL SERVE FOR A TERM OF FOUR (4) YEARS. THE BOARD MUST BE COMPOSED OF A MINIMUM OF TEN (10) RESIDENT OR SENIOR RESIDENT MEMBERS. THE BALANCE MAY BE MADE UP OF HOUSE OR INTERMEDIATE MEMBERS. THE TERM OF EACH CLASS OF SIX (6) GOVERNORS SHALL BE FOR A TERM OF FOUR (4) YEARS COMMENCING ON THE 1ST DAY OF FEBRUARY AFTER THEIR ELECTION SO THAT THE TERM OF GOVERNORS OF EACH CLASS SHALL EXPIRE ON JANUARY 31ST OF EVERY OTHER YEAR AND THEIR SUCCESSORS SHALL BE ELECTED AT THE PRECEDING ANNUAL MEETING. IN THE INTERIM, BETWEEN THEIR ELECTION AND TERM COMMENCEMENT, THE NEW GOVERNORS SHALL ATTEND ALL BOARD MEETINGS FOR THE PURPOSE OF ACQUAINTING THEMSELVES WITH THE OPERATION OF THE CLUB, BUT THEY WILL HAVE NO VOTING POWER DURING THIS PERIOD. FORM 990, PART VI, SECTION A, LINE 7B THE MAJORITY OF DECISIONS MADE BY THE BOARD ARE NOT SUBJECT TO THE APPROVAL OF THE MEMBERSHIP. HOWEVER, CERTAIN ISSUES AND DECISIONS MAY REQUIRE APPROVAL FROM THE MEMBERSHIP (PRIMARILY CHANGES TO THE BY-LAWS). FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE, INDEPENDENT ACCOUNTING FIRM. IT IS PRESENTED IN DRAFT FORM TO THE FINANCE COMMITTEE AND THE BOARD OF GOVERNORS AFTER IT HAS BEEN REVIEWED BY THE ORGANIZATIONS FISCAL PERSONNEL. EACH WILL HAVE THE OPPORTUNITY TO REVIEW THE RETURN AND SUGGEST ANY CHANGES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF THE PARK COUNTRY CLUB OF BUFFALO, INC IS INTENDED TO ASSURE THAT ALL OPERATIONS ARE CONDUCTED IN AN ETHICAL MANNER AND WITH A HIGH LEVEL OF ORGANIZATIONAL INTEGRITY. THIS POLICY IS DESIGNED TO ENABLE PARK COUNTRY CLUB MEMBERS TO BE FULLY INFORMED OF AND ACT RESPONSIBLY IN ALL TRANSACTIONS IN WHICH ANY BOARD MEMBER, EMPLOYEE OR MEMBERS OF THEIR FAMILY (AS HEREAFTER DEFINED) MAY HAVE A FINANCIAL INTEREST BECAUSE OF THEIR CONNECTION TO ANY PERSON, OR INTEREST IN ANY FIRM OR ENTITY WHICH DOES BUSINESS WITH PARK COUNTRY CLUB. BOARD MEMBERS AND EMPLOYEES WHO ARE COVERED INDIVIDUALS SHALL ANNUALLY SUBMIT A DISCLOSURE STATEMENT LISTING THEIR CONNECTION TO ANY EXISTING OR PROPOSED COVERED TRANSACTION WITH THE PARK COUNTRY CLUB ON THE DISCLOSURE STATEMENT, BOARD MEMBERS AND EMPLOYEES SHALL ALSO LIST ANY POSITION THAT THEY HOLD IN SENIOR MANAGEMENT, OR ON THE BOARD OF ANOTHER ORGANIZATION. THE STATEMENTS SHALL BE SUBMITTED AS FOLLOWS - BOARD MEMBERS AND THE GENERAL MANAGER SHALL SUBMIT THEIR DISCLOSURE STATEMENTS TO THE PRESIDENT OF THE BOARD - EMPLOYEES SHALL DELIVER THEIR STATEMENTS TO THE GENERAL MANAGER. ALL STATEMENTS SHALL BE COMPLETED AND DELIVERED BY FEBRUARY 1ST OF EACH YEAR. WHEN THERE IS ANY MATERIAL CHANGE IN THE INFORMATION CONTAINED IN ANY DISCLOSURE STATEMENT, THE PERSON WHO ORIGINALLY SUBMITTED IT SHALL SUBMIT WRITTEN NOTIFICATION OF THE CHANGE AS SOON AS PRACTICAL, BUT NO LATER THAN 30 DAYS FROM THE DATE OF THE CHANGE, TO THE PERSON REQUIRED TO RECEIVE SUCH CHANGES IN ACCORDANCE WITH THIS POLICY. WHENEVER A COVERED INDIVIDUAL IS INVOLVED IN A COVERED TRANSACTION, THAT PERSON SHALL IMMEDIATELY BRING THE SITUATION TO THE ATTENTION OF THE APPROPRIATE PERSON AND SHALL NOT PARTICIPATE IN THE DECISION MAKING PROCESS CONCERNING SUCH TRANSACTION AS PROVIDED IN THIS POLICY. BOARD MEMBERS SHALL DISCLOSE TO THE BOARD PRESIDENT, AND THEN ABSTAIN FROM DISCUSSION ON ANY MATTER WHICH RELATES TO A DECISION TO ENGAGE OR CONTINUE THE SERVICES OF A PERSON, FIRM OR ENTITY WHICH CONSTITUTES A COVERED TRANSACTION, INCLUDING DISCUSSIONS AND VOTING ON THE CREATION OR TERMINATION OF SUCH RELATIONSHIP OR COMPENSATION OR OTHER TERMS OF THE RELATIONSHIP NOTWITHSTANDING THE ABOVE, IF THE BOARD REQUESTS INFORMATION FROM SUCH A BOARD MEMBER WITH RESPECT TO A COVERED TRANSACTION, THE BOARD MEMBER SHALL BE FREE TO REPORT TO THE BOARD. EMPLOYEES SHALL DISCLOSE TO THE GENERAL MANAGER AND THEN ABSTAIN FROM DISCUSSION ON ANY MATTER WHICH RELATES TO A DECISION TO ENGAGE OR CONTINUE THE SERVICES OF A PERSON, FIRM OR ENTITY WHICH CONSTITUTES A COVERED TRANSACTION, INCLUDING DISCUSSIONS AND VOTING ON THE CREATION OR TERMINATION OF SUCH RELATIONSHIP, OR COMPENSATION OR OTHER TERMS OF THE RELATIONSHIP NOTWITHSTANDING THE ABOVE, IF THE BOARD REQUESTS INFORMATION FROM SUCH AN EMPLOYEE WITH RESPECT TO A COVERED TRANSACTION, THE EMPLOYEE SHALL BE FREE TO REPORT TO THE BOARD. INDIVIDUALS MAY NOT ACCEPT A PERSONAL GIFT OR ENTERTAINMENT, DIRECTLY OR INDIRECTLY, IN ANY FORM, FROM A SUPPLIER OR PROSPECTIVE SUPPLIER, WITH THE EXCEPTION OF A MEAL FOCUSED ON DISCUSSION OF PARK COUNTRY CLUB BUSINESS. DONATED GOODS AND SERVICES THAT FACILITATE THE OPERATION OF THE ORGANIZATION ARE NOT CONSIDERED GIFTS OR ENTERTAINMENT UNDER THIS POLICY. IN THE EVENT THAT A COVERED INDIVIDUAL HAS ANY DOUBT CONCERNING THE PROPRIETY OF ACCEPTING ANY GIFT OR THE APPLICABILITY OF THE REPORTING, AND PRIOR APPROVAL PROCEDURES, THE CHAIR OF THE FINANCE COMMITTEE SHOULD BE CONSULTED FOR GUIDANCE. THE CFO RETAINS COPIES OF ALL CONFLICT OF INTEREST DISCLOSURE STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 EVALUATIONS FOR ALL EMPLOYEES WILL BE DONE ON AN ANNUAL BASIS. WAGE CHANGES ARE APPROVED BY THE GM/COO. THE GM/COO ANNUAL SALARY IS APPROVED BY THE BOARD OF GOVERNORS. BONUSES ARE DETERMINED THROUGH A STRUCTURED BONUS PLAN BASED ON VARIOUS BENCHMARKING FACTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1024 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST OVER THE PHONE, IN WRITING AND VIA E-MAIL. THE ORGANIZATIONS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR. 4949 SHERIDAN INC 4949 SHERIDAN DRIVE WILLIAMSVILLE NY 14221 160903164 RENTAL NY THE PARK COUNTRY CLUB OF BUFFALO INC C 38449 403870 0.98090 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 4949 SHERIDAN INC K 36000 ACCOUNTING RECORDS 4949 SHERIDAN INC E 1089052 END OF YR LOAN BALANCE