2024-03-25T12:29:43-05:00 2023-10-31 050568611 SALMON SIMS THOMAS & ASSOCIATES PLLC 12720 HILLCREST ROAD SUITE 500 DALLAS TX 752302039 990 2022-11-01 750223180 DALLAS ATHLETIC CLUB DALL 9722793671 4111 DALLAS ATHLETIC CLUB DR DALLAS TX 75228 TIMOTHY O'BRIEN TREASURER 9722793671 2024-03-25 1 TIMOTHY OBRIEN 999009999 1 RYAN T SCHILHAB P01259865 9723921143 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LANCE LANE 4111 DALLAS ATHLETIC CLUB DR DALLAS TX 75228 21778552 0 X WWW.DALLASATHLETICCLUB.ORG X 1933 TX DALLAS ATHLETIC CLUB IS COMMITTED TO ENHANCING THE SOCIAL AND ATHLETIC LIFESTYLES OF OUR MEMBERS BY PROMOTING A CULTURE OF WARM HOSPITALITY, PERSONALIZED SERVICE, QUALITY AMENITIES AND RELEVANT PROGRAMS FOR THE DIVERSE NEEDS OF OUR MEMBERSHIP. 11 11 393 55 747366 175578 0 0 14193555 15891234 3604137 -35105 2646652 2582077 20444344 18438206 4685 1641 0 0 9043338 9807105 0 0 0 7331548 7005135 16379571 16813881 4064773 1624325 25203289 31043918 12245396 16461700 12957893 14582218 DALLAS ATHLETIC CLUB IS COMMITTED TO ENHANCING THE SOCIAL AND ATHLETIC LIFESTYLES OF OUR MEMBERS BY PROMOTING A CULTURE OF WARM HOSPITALITY, PERSONALIZED SERVICE, QUALITY AMENITIES AND RELEVANT PROGRAMS FOR THE DIVERSE NEEDS OF OUR MEMBERSHIP. 0 0 8705258 17902523 THE CLUB MAINTAINS A PRIVATE GOLF COURSE FOR THE USE OF ITS MEMBERS AND THEIR GUESTS IN ADDITION TO VARIOUS CLUB AND MEMBER TOURNAMENTS. A COMPLETE PRO SHOP IS ALSO PROVIDED. THE CLUB PROVIDES TENNIS FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. CLUB PROFESSIONALS TEACH TENNIS LESSONS AND HOLD LOCAL TOURNAMENTS FOR MEMBERS FOR ADDITIONAL ASSESSMENTS. THE CLUB MAINTAINS SWIMMING FACILITIES FOR ITS MEMBERS IN ADDITION TO TEACHING SWIMMING LESSONS. MEMBER AND OTHER OUTSIDE GROUPS MAY RENT THE FACILITY FOR PRIVATE PARTIES. THE CLUB MAINTAINS FITNESS FACILITIES FOR ITS MEMBERS OFFERING EXERCISE, FITNESS, WELLNESS AND PERSONAL TRAINING WITH WEIGHTS, EQUIPMENT, INDIVIDUAL AND GROUP LESSONS. MASSAGE AND GOLF PERFORMANCE PROGRAMS ARE ALSO OFFERED. 8705258 0 0 0 0 0 0 0 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 74 0 1 393 1 1 1 0 0 0 0 0 0 2143152 570788 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CASSANDRA THAMES CFO 9722793671 4111 DALLAS ATHLETIC CLUB DRIVE DALLAS TX 75228 LANCE LANE PRESIDENT/DIRECTOR 10.00 X X 0 0 0 MATT SISK 1ST VICE PRESIDENT/DIRECTOR 5.00 X X 0 0 0 JEROME ANDERSON FORMER 1ST VICE PRESIDENT/DIRECTOR 5.00 X X 0 0 0 DON GAFNER 2ND VICE PRESIDENT/DIRECTOR 5.00 X X 0 0 0 SCOTT DOOLEY FORMER 2ND VICE PRESIDENT/ 5.00 X X 0 0 0 WARREN SIBLEY SECRETARY/DIRECTOR 10.00 X X 0 0 0 PAUL BROOME FORMER SECRETARY/DIRECTOR 10.00 X X 0 0 0 TIM O'BRIEN TREASURER/DIRECTOR 5.00 X X 0 0 0 KIP WEATHERWAX DIRECTOR 2.00 X 0 0 0 JIM KOCH DIRECTOR 2.00 X 0 0 0 TERRY JARVIS DIRECTOR 2.00 X 0 0 0 WHITNEY RAGSDALE DIRECTOR 2.00 X 0 0 0 KRIS MOLDOVAN DIRECTOR 2.00 X 0 0 0 CASSANDRA THAMES CFO 50.00 X 157800 0 14574 BRENT BURKHART GENERAL MANAGER 50.00 X 340375 0 121830 TRAVIS MOORE COURSE SUPERINTENDENT 50.00 X 199598 0 19314 LANCE PATTERSON DIRECTOR OF GOLF 40.00 X 266110 0 32202 MICHAEL LAMPING EXECUTIVE CHEF 50.00 X 158178 0 6833 NATALIA PRINZ TENNIS DIRECTOR 40.00 X 199793 0 11078 PHIL CALLAHAN FOOD/BEVERAGE DIRECTOR 40.00 X 138089 0 14034 1459943 0 219865 7 0 1 0 0 MEMBERSHIP DUES 713910 10835409 10835409 INITIATION FEES 713910 2143152 2143152 GOLF GREEN FEES 713910 1363878 1307075 56803 OTHER 713910 688222 688222 TENNIS 713910 604316 604316 256257 256257 15891234 176578 176578 6000 217683 -211683 -211683 -211683 5687870 3122663 2565207 2051222 513985 MISCELLANEOUS 713910 16870 16870 16870 18438206 17902523 747366 -211683 1641 686113 7153193 135688 1138694 693417 37818 64114 116284 1252768 88011 2240147 185630 47205 328861 2112353 292084 LAUNDRY SERVICE 139869 MEMBER RELATIONS 84205 BAD DEBT EXPENSE 15786 16813881 1959780 1301183 6476770 6149223 2031510 2100015 831759 926998 258736 275683 42481948 23162617 13644734 19319331 0 971485 25203289 31043918 2539602 3484175 907865 971275 8591901 10883680 206028 1122570 12245396 16461700 X 12957893 14582218 12957893 14582218 25203289 31043918 1624325 0 X 0 1 X 1 0 2550000 1111665 3661665 2550000 2550000 2550000 2550000 2225000 325000 2550000 1910177 325000 10177 2225000 1.00000 0 0 119611 119611 21058686 8747997 12310689 206063 106648 99415 7857781 4474442 3383339 13239807 9833530 3406277 19319331 DEFERRED RENT 151085 OPERATING LEASE LIABILITY 971485 1122570 X 21560869 3122663 3122663 18438206 0 18438206 19936544 3122663 3122663 16813881 0 16813881 PART V, LINE 4: AMOUNTS DESIGNATED BY THE CLUB'S LEADERSHIP ARE FOR: SATISFYING DEBT COVENANTS: $550,000 FUTURE USE $3,111,665 TOTAL $3,661,665 PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS OR ACCRUED IN THE STATEMENTS OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE CLUB ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($3,122,663) PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($3,122,663) X X X X X 0 0 0 BRENT BURKHART GENERAL MANAGER 340375 0 0 0 0 0 101892 0 19938 0 462205 0 0 0 LANCE PATTERSON DIRECTOR OF GOLF 266110 0 0 0 0 0 9526 0 22676 0 298312 0 0 0 TRAVIS MOORE COURSE SUPERINTENDENT 199598 0 0 0 0 0 0 0 19314 0 218912 0 0 0 NATALIA PRINZ TENNIS DIRECTOR 199793 0 0 0 0 0 2362 0 8716 0 210871 0 0 0 CASSANDRA THAMES CFO 157800 0 0 0 0 0 5114 0 9460 0 172374 0 0 0 MICHAEL LAMPING EXECUTIVE CHEF 158178 0 0 0 0 0 6054 0 779 0 165011 0 0 0 PHIL CALLAHAN FOOD/BEVERAGE DIRECTOR 138089 0 0 0 0 0 5120 0 8914 0 152123 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A MEMBERSHIP ORGANIZATION. THE MEMBERS OF THE CLUB ELECT THE GOVERNING BODY. THERE ARE BOARD DECISIONS, SUCH AS CHANGES TO THE BY-LAWS, THAT HAVE TO BE RATIFIED BY THE CLUB MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB IS A MEMBERSHIP ORGANIZATION. THE MEMBERS OF THE CLUB ELECT THE GOVERNING BODY. THERE ARE BOARD DECISIONS, SUCH AS CHANGES TO THE BY-LAWS, THAT HAVE TO BE RATIFIED BY THE CLUB MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, THE MEMBERS OF THE BOARD OF DIRECTORS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY. EACH MEMBER IS ASKED TO SIGN THE COPY, LISTING ANY BUSINESS TRANSACTIONS WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITEE DETERMINES PAY SCALES, REVIEWS INDUSTRY COMPARISONS FOR THE DALLAS/FT. WORTH AREA AND MAKES RECOMMENDATIONS FOR PAY INCREASES AND ANNUAL BONUS PAYMENTS. RECENTLY, THE CLUB USED A THIRD PARTY TO ACCUMULATE DATA AND ESTABLISH PERFORMANCE STANDARDS. SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE FOR DISPLAY AT THE CLUB'S OFFICE. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST, ARE POSTED ON THE MEMBERS' WEBSITE, AND AVAILABLE FOR DISTRIBUTION IN THE MAIN CLUBHOUSE AREAS.