2024-05-10T13:24:09-05:00 2023-06-30 341874260 CBIZ MHM LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2022-07-01 251235483 BELLEVIEW BILTMORE COUNTRY CLUB CORP BELL 7274617171 ONE COUNTRY CLUB LANE BELLEAIR FL 33756 JAMES HEENAN TREASURER 7274617171 2024-05-10 1 JAMES HEENAN XXX-XX-XXXX 1 LISA BURKE P00220718 8169455500 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BELLEAIR COUNTRY CLUB MIKE PACE ONE COUNTRY CLUB LANE BELLEAIR FL 33756 22103720 0 X WWW.BELLEAIRCC.COM X 1987 FL TO PROVIDE EACH MEMBER AND THEIR FAMILY WITH A PREMIER GOLF, RECREATIONAL AND SOCIAL FACILITY. 10 10 323 75 725041 6550 335798 0 13334663 15243954 21725 7550 2905028 3453185 16597214 18704689 0 0 0 0 8423379 9725833 0 0 0 7183461 8335261 15606840 18061094 990374 643595 30151764 32740090 13750073 15523693 16401691 17216397 X THE MISSION OF THE BELLEAIR COUNTRY CLUB IS TO PROVIDE EACH MEMBER AND HIS OR HER FAMILY WITH A PREMIER PRIVATE GOLF, RECREATIONAL AND SOCIAL FACILITY. (CONTINUED ON SCHEDULE O)THIS IS ACCOMPLISHED THROUGH A DOCUMENTED QUALITY ASSURANCE SYSTEM THAT:-INVOLVES THE MEMBERSHIP IN SETTING CLUB PRIORITIES AND DIRECTIONS;-ENSURES CONTINUITY OF OFFICERS, POLICIES, PLANS AND PROGRAMS IN THE EXECUTIVE TEAM AS THE BOARD OF DIRECTORS CHANGES; AND-ENCOURAGES AND FACILITATES HIGH LEVELS OF COMPETENCY IN THE OPERATING TEAM. 0 0 BELLEAIR COUNTRY CLUB PROVIDES RESTAURANT, GOLF, FITNESS, AQUATICS, TENNIS, PICKLE BALL, CROQUET AND MARINA FACILITIES FOR THE BENEFIT, CONVENIENCE AND ENJOYMENT OF MEMBERS AND THEIR GUESTS. THE GOAL IS TO PROVIDE A FULL SERVICE AND EXCLUSIVE PRIVATE CLUB FOR ITS MEMBERS AND THEIR FAMILY AND FRIENDS TO ENJOY RECREATIONAL AND DINING EXPERIENCES TOGETHER. THERE ARE TWO BASIC CATEGORIES OF MEMBERS, GOLF AND SOCIAL/SPORT. GOLF MEMBERS HAVE FULL ACCESS AND USE OF THE FACILITIES. SOCIAL/SPORT MEMBERS ARE PERMITTED FULL USE OF THE FACILITIES WITH LIMITED GOLF PRIVILEGES. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 89 0 1 323 1 1 1 0 0 0 0 5090756 1252132 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X ELAINE WAHL 7274617171 ONE COUNTRY CLUB LANE BELLEAIR FL 33756 JIM OSTROSKY PRESIDENT 2.00 X X 0 0 0 MIKE PACE VICE PRESIDENT 2.00 X X 0 0 0 JIM HEENAN TREASURER 2.00 X X 0 0 0 GENE DELUCIA SECRETARY 2.00 X 0 0 0 MIKE BARKLEY DIRECTOR 2.00 X 0 0 0 JEAN PETERSEN DIRECTOR (TERM START 11/10/22) 2.00 X 0 0 0 ROB PIERSON DIRECTOR (TERM START 11/10/22) 2.00 X 0 0 0 TOM MCVAY DIRECTOR 2.00 X 0 0 0 JIM WATROUS DIRECTOR (TERM START 11/10/22) 2.00 X 0 0 0 EARLE COOPER PAST PRESIDENT 2.00 X 0 0 0 DR DAVID DIETERICH DIRECTOR (TERM END 11/10/22) 2.00 X 0 0 0 PHIL MOYER DIRECTOR (TERM END 12/6/22) 2.00 X 0 0 0 EDWARD J SHAUGHNESSY COO 60.00 X 341639 0 14100 ANDY NEISWENDER GOLF SUPERINTENDENT 60.00 X 224097 0 149327 JAMES SLATTERY DIRECTOR OF GOLF 60.00 X 250566 0 36768 ELAINE WAHL CFO 60.00 X 227922 0 40403 PAUL J LIPTAK EXECUTIVE CHEF 40.00 X 141642 0 34501 VUNCHAI MEKADENAUMPORN FOOD & BEVARAGE MANAGER 40.00 X 112706 0 70 1298572 0 275169 6 0 1 0 FRYSTRAKA GLOBAL GOLF COURSE DESIGN 53 NORTH HIGH ST DUBLIN OH 43017 GOLF COURSE ARCHITECTS 127067 1 MEMBERSHIP DUES 713910 11194315 11194315 GOLF 713910 3225060 3036340 188720 MARINA 713910 304796 304796 FITNESS & AQUATIC 713910 139117 139117 TENNIS 713910 87117 87117 293549 293549 15243954 7550 7550 6814788 3399031 3415757 2886986 528771 GOLF CLUB REPAIRS 713910 37428 37428 37428 18704689 17979648 725041 0 1312889 6994400 192501 561964 664079 41684 41700 323325 388164 167261 975215 295775 2272565 280715 GOLF MAINTENANCE 1241706 EQUIPMENT R&M 817520 MEMBERSHIP SUPPORT 367211 GOLF OPS & PRO SHOP 344627 777793 18061094 4368683 1453143 1279396 1284600 767937 868010 828495 963606 335749 428485 48844609 24185772 20670936 24658837 1900568 3083409 30151764 32740090 4049351 3801302 1726465 2861803 6694874 6855555 1279383 1279383 0 725650 13750073 15523693 X 16401691 17216397 16401691 17216397 30151764 32740090 643595 171111 0 X X 0 1 X 1 0 3877384 3877384 20174337 12413695 7760642 5650528 4127389 1523139 19142360 7644688 11497672 24658837 INVESTMENTS - DEFERRED COMPENSATION PLAN 2118727 DEPOSITS 42295 OTHER ASSETS - RENTAL CLUBS 66846 INTEREST RATE SWAP 199523 RIGHT OF USE ASSETS 656018 3083409 LEASE LIABILITIES 659750 REFUNDABLE INITIATION FEES 65900 725650 X 22066292 3399031 3399031 18667261 37428 37428 18704689 21422697 3361603 3361603 18061094 0 18061094 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. ALTHOUGH CLUBS EXEMPT UNDER SECTION 501(C)(7) PAY NO TAX ON THEIR EXEMPT FUNCTION INCOME, THEY CAN BE LIABLE FOR BUSINESS TAX ON INCOME THEY EARN FROM ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSE. ACCORDINGLY, WHEN APPLICABLE, A PROVISION FOR FEDERAL AND STATE INCOME TAXES IS PROVIDED. THE CLUB FOLLOWS ASC TOPIC 740, INCOME TAXES. A COMPONENT OF ASC TOPIC 740 PRESCRIBES A RECOGNITION AND MEASUREMENT THRESHOLD FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THERE WAS NO MATERIAL IMPACT ON THE CLUB'S FINANCIAL POSITION OR CHANGES IN EQUITY AS A RESULT OF THE APPLICATION OF ASC TOPIC 740. THE CLUB'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS UNDER THIS STANDARD AS A COMPONENT OF INCOME TAX EXPENSE, AND NONE WERE RECOGNIZED SINCE THERE WAS NO MATERIAL IMPACT OF THE OVERALL APPLICATION OF ASC TOPIC 740. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD DEDUCTED FROM SALES OF INVENTORY 3,399,031. PART XI, LINE 4B - OTHER ADJUSTMENTS: GOLF CLUB REPAIRS 37,428. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,399,031. GOLF CLUB REPAIRS -37,428. X 0 0 X X X 0 1 0 ANDY NEISWENDER GOLF SUPERINTENDENT 158295 0 44000 0 21802 0 20000 0 129327 0 373424 0 0 0 EDWARD J SHAUGHNESSY COO 145100 0 166870 0 29669 0 0 0 14100 0 355739 0 0 0 JAMES SLATTERY DIRECTOR OF GOLF 208876 0 20000 0 21690 0 20000 0 16768 0 287334 0 0 0 ELAINE WAHL CFO 149112 0 50000 0 28810 0 20000 0 20403 0 268325 0 0 0 PAUL J LIPTAK EXECUTIVE CHEF 124742 0 15000 0 1900 0 20000 0 14501 0 176143 0 0 0 PART I, LINE 1A THE CLUB PROVIDES A HOME FOR THE GOLF COURSE SUPERINTENDENT AND HIS FAMILY, FOR THE BENEFIT OF THE COMPANY, IN THAT THE GOLF COURSE SUPERINTENDENT IS AVAILABLE AT ALL TIMES IN THE EVENT OF AN EMERGENCY. PART I, LINE 1B ALL HOUSING EXPENSES (UTILITIES, HOMEOWNERS INSURANCE, PROPERTY TAXES, REPAIRS, ETC.) RELATED TO THE SUPERINTENDENT HOUSING IS PAID DIRECTLY BY THE CLUB. AS SUCH, NO REIMBURSEMENTS OF EXPENSES ARE MADE. PART I, LINE 4B THE CLUB PROVIDES A NON-QUALIFIED DEFERRED COMPENSATION BENEFIT PLAN, AS DESCRIBED IN SECTION 457(F) OF THE INTERNAL REVENUE CODE, FOR THREE KEY MANAGEMENT EMPLOYEES DESIGNATED BY THE BOARD OF DIRECTORS. THE PLANS OPERATES ON A CALENDAR YEAR BASIS, WHEREBY THE CLUB CAN MAKE CONTRIBUTIONS TO THE PARTICIPANT ACCOUNTS UP TO A MAXIMUM AMOUNT MANDATED BY THE INTERNAL REVENUE CODE. CONTRIBUTIONS DO NOT VEST UNTIL PARTICIPANTS MEET THE SPECIFIED YEARS OF SERVICE. THE CLUB CONTRIBUTED $80,000 TO THE 457(F) PLAN FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2022 AS FOLLOWS: ANDY NEISWENDER $20,000 JAMES SLATTERY $20,000 ELAINE WAHL $20,000 PAUL LIPTAK $20,000 DISTRIBUTION OF THE PARTICIPANT'S BENEFIT IS TO BE PAID IN THE FORM OF A LUMP SUM ON THE FIRST DAY OF THE SECOND MONTH FOLLOWING THE OCCURRENCE OF A VESTING EVENT. THERE WERE NO DISTRIBUTIONS DURING CALENDAR YEAR 2022. FORM 990, PART VI, SECTION A, LINE 6 BELLEAIR COUNTRY CLUB IS A PRIVATE MEMBER-OWNED COUNTRY CLUB. FORM 990, PART VI, SECTION A, LINE 7A THE GOLF MEMBERS IN GOOD STANDING ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. MEMBERS OF THE BOARD OF DIRECTORS MUST BE GOLF MEMBERS IN GOOD STANDING. THE BOARD ELECTS ITS OFFICERS. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE CLUB'S BYLAWS, A CAPITAL EXPENDITURES BUDGET, FOR THE ENSUING FISCAL YEAR, SHALL BE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO THE BEGINNING OF EACH FISCAL YEAR. THE APPROVAL OF A MAJORITY OF GOLF MEMBERS VOTING AT ANY ANNUAL OR SPECIAL MEETING OF THE MEMBERSHIP SHALL BE REQUIRED FOR ANY SINGLE ITEM OF EXPENDITURE (OR COMBINATION OF CLOSELY RELATED ITEMS ESSENTIALLY LINKED TO ONE PROJECT) IN EXCESS OF 10% OF THE PRIOR YEAR'S GROSS REVENUES. ANY PROPOSED EXPENDITURES, THE FINANCING OF WHICH WILL NECESSITATE A SPECIAL ASSESSMENT BEING MADE ON ANY OR ALL CATEGORIES OF MEMBERS, SHALL REQUIRE A 2/3 VOTE OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE COMPTROLLER REVIEWS IN DETAIL THE FORM 990, COMPARING THE AMOUNTS TO THE GENERAL LEDGER AND FINANCIAL STATEMENTS. SHE THEN REPORTS TO THE TREASURER OF THE FINANCE COMMITTEE WHO HAS THE OPPORTUNITY TO REVIEW THE FORM 990 AND DISCUSS THIS IN THE FINANCE COMMITTEE MEETING PRIOR TO THE FILING DATE OF THE RETURN. THE FINANCE COMMITTEE IS MADE UP PRIMARILY OF CPA'S IN PRACTICE, CEO'S AND OTHER FINANCIALLY SAVVY INDIVIDUALS. THE TREASURER OF THE FINANCE COMMITTEE THEN REPORTS TO THE BOARD OF DIRECTORS DURING THE BOARD MEETING REGARDING THE FORM 990, GIVING THE DIRECTORS AND EXECUTIVE COMMITTEE THE OPPORTUNITY TO DISCUSS AND BRING UP ANY QUESTIONS AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR DURING THE JANUARY BOARD MEETING THE BOARD OF DIRECTORS REVIEWS POLICIES AND PROCEDURES OF THE CLUB, NOTING ANY CHANGES OR ISSUES THE BOARD NEED CONSIDER. AN AUDIT IS PERFORMED EVERY YEAR BY AN INDEPENDENT EXTERNAL AUDIT FIRM. DURING THE COURSE OF THE AUDIT, THE AUDITOR MAILS OUT CONFLICT OF INTEREST QUESTIONNAIRES TO THE BOARD, FINANCE COMMITTEE MEMBERS AND MANAGEMENT STAFF. THESE ARE POSITIVE QUESTIONNAIRES WHICH REQUIRE A WRITTEN RESPONSE MAILED OR HANDED DIRECTLY TO THE EXTERNAL AUDITORS. THE AUDITORS REVIEW THE COMPLETED QUESTIONNAIRES, AND ANY CONFLICTS DISCLOSED ARE REPORTED DIRECTLY TO THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE BOARD OF DIRECTORS DESIGNATES EXECUTIVE MEMBERS OF THE BOARD TO SERVE ON THE COMPENSATION COMMITTEE. THE COMMITTEE IS RESPONSIBLE FOR THE ANNUAL REVIEW OF COMPENSATION AND BENEFITS FOR KEY MANAGEMENT STAFF. THE COMPENSATION COMMITTEE HAS FINAL APPROVAL OVER COMPENSATION AND BENEFIT ACTIONS. TO ENSURE THE PROPRIETY OF WAGES AND BENEFITS FOR KEY MANAGEMENT STAFF, THE COMPENSATION COMMITTEE REGULARLY REVIEWS COMPENSATION SURVEYS OF AREA AND NATIONAL PRIVATE COUNTRY CLUBS IN ADDITION TO RELATIVE BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB IS A PRIVATE MEMBER-OWNED COUNTRY CLUB. A COPY OF THE CLUB'S FORM 990 IS MADE AVAILABLE TO MEMBERS OR OTHER INTERESTED PARTIES UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE MEMBERS OF THE CLUB UPON REQUEST. IN ADDITION, THE CLUB WILL MAIL ANY OF THESE DOCUMENTS TO MEMBERS OR OTHER INTERESTED PARTIES UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OVERSEES THE ANNUAL FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. THERE WERE NO CHANGES TO THE PROCESS USED BY THE AUDIT COMMITTEE DURING THE FISCAL YEAR.