2024-05-28T13:40:05-05:00 2023-07-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-08-01 650473088 BAY COLONY GOLF CLUB INC BAYC 2395929515 9740 BENT GRASS BEND NAPLES FL 341081933 HARRY HOOPIS TREASURER 2395929515 2024-05-23 1 HARRY HOOPIS 999009999 0 CHRISTOPHER CECIL P01877773 5616791785 2024-05-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGG DEWITT 9740 BENT GRASS BEND NAPLES FL 34108 12611606 0 X WWW.BAYCOLONYGOLFCLUB.COM X 1996 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 137 9 513571 0 0 0 7204740 8117674 340 24435 1904209 2483255 9109289 10625364 0 0 0 0 5331968 6269757 0 0 0 6246303 6817292 11578271 13087049 -2468982 -2461685 33013478 34300425 4865711 4187450 28147767 30112975 BAY COLONY GOLF CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 07/31/23 WAS APPROX. 21,361 OF WHICH APPROX 691 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $2,682,458 OF WHICH $783,546 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 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 16 0 1 137 1 1 1 0 0 0 1 1 529771 986961 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X SAMANTHA SHEFFIELD 2395929515 9740 BENT GRASS BEND NAPLES FL 341081933 GREGG DEWITT PRESIDENT 10.00 X X 0 0 0 JOE ABRUZZESE VICE PRESIDENT 10.00 X X 0 0 0 MARK MULLIN TREASURER 8.00 X X 0 0 0 DREW MEYER SECRETARY 2.00 X X 0 0 0 JOHN GRISWOLD DIRECTOR 2.00 X 0 0 0 CINDY TUCCI DIRECTOR 2.00 X 0 0 0 KATHERINE PRYOR DIRECTOR 2.00 X 0 0 0 DAVID MCAVOY DIRECTOR 2.00 X 0 0 0 HARRY HOOPIS DIRECTOR 2.00 X 0 0 0 MICHAEL BRADFIELD GENERAL MANAGER 40.00 X 307690 0 28164 SAMANTHA SHEFFIELD CFO 40.00 X 228311 0 9126 TYLER FIELD EXECUTIVE CHEF 40.00 X 213626 0 36214 JOSHUA LEVITRE SUPERINTENDENT 40.00 X 219298 0 25318 TAMMY MERCER MEMBERSHIP DIRECTOR 40.00 X 172111 0 14919 ANDREW ZULLO GOLF PRO 40.00 X 239881 0 31346 MLADEN STOEV SOMMELIER 40.00 X 170356 0 17832 1551273 0 162919 8 0 1 0 17 DUES REVENUE 713910 7186116 7186116 GREENS,CART & TRAIL FEES 713910 931558 842081 89477 8117674 8451 8451 43500 43500 0 30450 14466 15984 15984 15984 3464416 1928276 1536140 1120497 415643 HURRICANE INSURANCE PROCEEDS 713910 529771 529771 OTHER INCOME 713910 333615 333615 FOOD & BEVERAGE MINIMUM 713910 83729 83729 947115 10625364 10095809 513571 15984 5265964 1003793 18159 2220730 274464 GOLF COURSE MAINTENANCE 1361253 FOOD & BEVERAGE 902589 GENERAL & ADMINISTRATIV 589209 HURRICANE EXPENSES 533834 917054 13087049 5642089 5614321 95588 186627 331554 365972 702812 474717 49245887 21676650 26239085 27569237 2350 89551 33013478 34300425 1364028 1359006 1940809 2048344 1174174 0 386700 780100 4865711 4187450 X 27823092 29680225 324675 432750 28147767 30112975 33013478 34300425 X -2461685 4426893 X X 0 1 X 1 0 7405396 7405396 17136087 9274232 7861855 8541520 4622761 3918759 16162884 7779657 8383227 27569237 MEMBERSHIP DEPOSITS 606499 DEFERRED COMPENSATION 86400 OPERATING LEASE LIABILITY 87201 780100 X 12579663 1971776 1971776 10607887 17477 17477 10625364 15041348 1971776 1971776 13069572 17477 17477 13087049 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN TAXES WITHIN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,928,276. RENTAL EXPENSES 43,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER GOLF REVENUE 17,477. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,928,276. RENTAL EXPENSES 43,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER GOLF REVENUE 17,477. X X X X 0 0 0 MICHAEL BRADFIELD GENERAL MANAGER 262690 0 45000 0 0 0 10507 0 17657 0 335854 0 0 0 ANDREW ZULLO GOLF PRO 224881 0 15000 0 0 0 9000 0 22346 0 271227 0 0 0 TYLER FIELD EXECUTIVE CHEF 198626 0 15000 0 0 0 6962 0 29252 0 249840 0 0 0 JOSHUA LEVITRE SUPERINTENDENT 188548 0 30750 0 0 0 7784 0 17534 0 244616 0 0 0 SAMANTHA SHEFFIELD CFO 218311 0 10000 0 0 0 7615 0 1511 0 237437 0 0 0 MLADEN STOEV SOMMELIER 167874 0 2482 0 0 0 0 0 17832 0 188188 0 0 0 TAMMY MERCER MEMBERSHIP DIRECTOR 161861 0 10250 0 0 0 5942 0 8977 0 187030 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF EQUITY MEMBERS, INTERMEDIATE MEMBERS, AND SOCIAL EQUITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LOANS OVER $2,000,000 AND RENOVATIONS ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CLUB'S TREASURER. THE TREASURER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY EVALUATING ANNUAL DISCLOSURES. IN ADDITION, ANYTHING THAT IS QUESTIONABLE IS PUT BEFORE THE GENERAL MANAGER AND COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 THE YEAR END BONUSES, RAISES, AND ANNUAL REVIEWS OF THE MANAGEMENT POSITIONS ARE CONDUCTED BY THE COMPENSATION COMMITTEE AND BOARD. INDUSTRY SURVEYS ARE ALSO USED FOR COMPARISON. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE COMPENSATION PACKAGES FOR THE GENERAL MANAGER. THE GENERAL MANAGER DETERMINES COMPENSATION PACKAGES FOR DEPARTMENT HEADS AND REVIEWS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF THE CONFLICT OF INTEREST POLICY UPON REQUEST. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIP CERTIFICATES 4,390,398. REDEMPTION OF MEMBERSHIP CERTIFICATES -3,227,837. SOCIAL INITIATION FEES 270,000. CAPITAL FUNDING OF DEPRECIATION ASSESSMENTS 1,211,946. MEMBER DONATIONS 160,934. NET ASSETS WITH DONOR RESTRICTIONS RELEASED FROM RESTRCTIONS -52,859. CAPITAL ASSESSMENTS 1,674,311. FORM 990: PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.