2024-02-23T21:27:24-06:00 2023-06-30 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2022-07-01 990050650 OAHU COUNTRY CLUB OAHU 8085956331 150 COUNTRY CLUB ROAD HONOLULU HI 96817 JOHN KRAUSE GENERAL MANAGER 8085956331 2024-02-21 1 JOHN KRAUSE 999009999 1 WON J LEE P01286148 8085242255 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN KRAUSE 150 COUNTRY CLUB ROAD HONOLULU HI 96817 15210168 0 X WWW.OAHUCOUNTRYCLUB.COM X 1906 HI TO PROVIDE GOLF AND SOCIAL FACILITIES TO A FAMILY-ORIENTED MEMBERSHIP. 9 9 204 120 762329 11160 1231265 1643545 8160417 8904318 -834 13892 2032415 3032617 11423263 13594372 0 0 0 0 6002463 7658980 0 0 0 5011030 5113716 11013493 12772696 409770 821676 21871149 22441492 8259252 8008254 13611897 14433238 TO PROVIDE GOLF AND SOCIAL FACILITIES TO A FAMILY-ORIENTED MEMBERSHIP CONSISTENT WITH THE TRADITIONS OF THE CLUB THROUGH QUALITY SERVICES AND SOUND FINANCIAL POLICIES. 0 0 OPERATIONS AND MANAGEMENT OF A COUNTRY CLUBHOUSE. AS OF 6/30/23, THE ORGANIZATION HAD 1,051 VOTING MEMBERS UTILIZING ITS GOLF COURSE OPERATIONS. 0 0 0 0 0 0 1 0 1 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 18 0 1 204 1 1 1 0 0 0 0 0 0 2466645 978457 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X GRACIE GRACE 8085956331 150 COUNTRY CLUB ROAD HONOLULU HI 96817 GREGORY PERRY PRESIDENT 5.00 X X 0 0 0 ERIC SONNENBERG FIRST VICE PRESIDENT 5.00 X X 0 0 0 JOHN R PENEBACKER SECOND VICE PRESIDENT 5.00 X X 0 0 0 ROBERT MARSHALL TREASURER 5.00 X X 0 0 0 GARY OKAMOTO SECRETARY / DIRECTOR 5.00 X X 0 0 0 FRANCIS SCOTTY ANDERSON DIRECTOR 5.00 X 0 0 0 DONALD SCHMUS DIRECTOR 5.00 X 0 0 0 BRUCE SOLL DIRECTOR 5.00 X 0 0 0 PETER BURNS DIRECTOR 5.00 X 0 0 0 STEVEN BAKER EX OFFICIO 5.00 X 0 0 0 MATTHEW HALL EX OFFICIO 5.00 X 0 0 0 MICHAEL GANGLOFF EX OFFICIO 5.00 X 0 0 0 DANIEL DOLAN EX OFFICIO 5.00 X 0 0 0 JOHN JACK KRAUSE GENERAL MANAGER 40.00 X 184782 0 16902 GRACIE GRACE CONTROLLER/DIR. OF HUMAN R 40.00 X 161590 0 15264 MICHAEL LONGWORTH EXECUTIVE CHEF 40.00 X 134636 0 14217 STEPHEN SIM GOLF PROFESSIONAL 40.00 X 155567 0 8387 636575 0 54770 4 0 1 0 0 1643545 1643545 MEMBERSHIP DUES 900099 7411002 7411002 GREENS AND GOLF 713990 838683 653793 184890 GOLF CART RENTALS 713990 489050 411472 77578 LOCKER ROOM REVENUE 900099 165583 165583 8904318 13892 12942 950 4578611 1615796 2962815 2478901 483914 OTHER REVENUE 900099 69467 66797 2670 FUEL TAX CREDIT 900099 335 335 69802 13594372 11187548 762329 950 188619 5537441 1436575 496345 98883 292431 1064298 6452 215210 1238150 158857 SUPPLIES 578392 CONTRACT EXPENSE 402542 REPAIRS AND MAINTENANCE 222659 DUES PAYOUT 199000 636842 12772696 2711720 3366621 529022 597165 299301 345820 32390 24791 31446643 13649956 18212208 17796687 86508 310408 21871149 22441492 450777 434971 7121300 6701363 687175 871920 8259252 8008254 X 13532836 14356451 79061 76787 13611897 14433238 21871149 22441492 X 821676 -335 X X 0 1 X 1 0 304888 X EXHIBITION IN CLUBHOUSE 0 27054 8 27062 7000 20054 27054 7000 7000 7000 7000 7000 7000 1.00000 0.00000 0.00000 0 0 135583 135583 18673366 6388494 12284872 6291688 4966432 1325256 6346006 2295030 4050976 17796687 ACCRUED PENSION AND OTHER 7063 ACCRUED PAYROLL TAXES AND OTHER 50646 UNEARNED MEMBERSHIP DUES 221540 ACCRUED SALARIES, WAGES AND VACATION 592671 871920 X 15209833 1615796 1615796 13594037 335 335 13594372 14388492 1615796 1615796 12772696 0 12772696 PART III, LINE 4: THE ART FUND IS COLLECTED FROM MEMBERS AND USED TO PURCHASE ART THAT THE ORGANIZATION'S BOARD OF DIRECTORS BELIEVE THAT THE MEMBERS WILL ENJOY IN THE CLUBHOUSE WHILE THEY ARE AT THE CLUB. PART V, LINE 4: THE INTENDED USE OF THE CONTRIBUTION HAS NOT YET BEEN DETERMINED BY THE DONOR. PART X, LINE 2: OAHU COUNTRY CLUB (THE CLUB) IS RECOGNIZED AS A TAX-EXEMPT ORGANIZATION PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(7). THE CLUB IS ALSO EXEMPT FROM STATE INCOME TAXES. AS AN EXEMPT ORGANIZATION, HOWEVER, THE CLUB IS SUBJECT TO A TAX ON UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME INCLUDES INCOME FROM INVESTMENTS AND INCOME GENERATED FROM NON-MEMBERS OR THE GENERAL PUBLIC LESS ALLOWABLE EXPENSES DIRECTLY RELATED TO THE PRODUCTION OF SUCH INCOME. THE CLUB RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION AFTER AN AUDIT BASED ON THE TECHNICAL MERITS OF THE POSITION. THE CLUB HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRO SHOP - COST OF GOODS SOLD 315,754. FOOD & BEVERAGE - COST OF GOODS SOLD 1,300,042. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUEL TAX CREDIT 335. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRO SHOP - COST OF GOODS SOLD 315,754. FOOD & BEVERAGE - COST OF GOODS SOLD 1,300,042. X X 0 0 0 JOHN JACK KRAUSE GENERAL MANAGER 170832 0 13950 0 0 0 7708 0 9194 0 201684 0 0 0 GRACIE GRACE CONTROLLER/DIR. OF HUMAN R 133335 0 27254 0 1001 0 6400 0 8864 0 176854 0 0 0 STEPHEN SIM GOLF PROFESSIONAL 126871 0 28000 0 696 0 724 0 7663 0 163954 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S VOTING MEMBERS ELECT THREE NEW DIRECTORS ANNUALLY AND APPROVE CERTAIN DECISIONS OF THE BOARD INVOLVING REAL PROPERTY, LOANS OR EXPENDITURES EXCEEDING A STATED DOLLAR THRESHOLD OR SUBSTANTIAL CHANGES TO THE GOLF COURSE. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S VOTING MEMBERS ELECT THREE NEW DIRECTORS AT EACH ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE BOARD INVOLVING REAL PROPERTY, LOANS OR EXPENDITURES EXCEEDING A STATED DOLLAR THRESHOLD AND SUBSTANTIAL CHANGES TO THE GOLF COURSE REQUIRE PRIOR AUTHORIZATION FROM THE ORGANIZATION'S VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FINANCIAL CONTROLLER REVIEWS THE FORM 990 AND FORWARDS IT TO THE TREASURER AND FINANCE COMMITTEE FOR REVIEW AND FOR SIGNATURE PRIOR TO FILING OF THE FORM. THE FORM 990 IS MADE AVAILABLE TO ITS MEMBERS AT ITS BUSINESS OFFICE. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY WHEN THEY ARE APPOINTED AND SIGNS AN ACKNOWLEDGEMENT & CONSENT FORM. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE GENERAL MANAGER POSITION WHICH WAS FILLED BY JOHN KRAUSE WAS REVIEWED BY THE MANAGEMENT COMMITTEE USING COMPARATIVE INDUSTRY STANDARDS SUCH AS THE CLUB INDUSTRY REPORT. THE LAST COMPENSATION REVIEW WAS IN JANUARY 2021. OFFICERS AND DIRECTORS ARE NOT COMPENSATED AND THE ORGANIZATION DID NOT HAVE ANY KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FUEL TAX CREDIT -335. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.