2024-08-08T11:10:25-05:00 2023-12-31 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2023-01-01 273966137 DESERT MOUNTAIN CLUB INC DESE 4805954000 10550 E DESERT HILLS DRIVE SCOTTSDALE AZ 85262 AMY BROWN CPA CHIEF FINANCIAL OFFICER 4805954000 2024-08-07 1 0 BRENDA ANN BLUNT CPA P00075126 4803151040 2024-08-07 2023 2024-08-08 14:25:15Z STEVEN HARPER 10550 E DESERT HILLS DRIVE SCOTTSDALE AZ 85262 112909097 0 X WWW.DESERTMOUNTAIN.COM X 2010 AZ WE PROVIDE PRIVATE GOLF COURSES, CLUBHOUSES, AND OTHER STANDARD AMENTITIES TO OUR MEMBERS. 8 8 1135 13 3126521 1378275 4000 0 78231209 91641328 -103933 702095 8604581 8276423 86735857 100619846 10627 37209 0 0 47818478 52760052 0 0 0 33845331 35517641 81674436 88314902 5061421 12304944 176336434 196004499 43083691 50281092 133252743 145723407 TO CREATE EXCEPTIONAL EXPERIENCES FOR OUR MEMBERS BY ENGAGED TEAMMATES WHO INTEGRATE OUR CORE VALUES INTO EVERY ASPECT OF OUR CLUB. 0 0 WE PROVIDED PRIVATE GOLF COURSES, CLUBHOUSES, AND OTHER STANDARD AMENTITIES TO THE CLUB'S APPROXIMATELY 2,300 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 283 0 1 1135 1 1 1 0 0 0 0 19485200 2934372 0 0 0 X 8 8 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X AMY BROWN 4805954000 10550 E DESERT HILLS DR SCOTTSDALE AZ 85262 STEVE HARPER CHAIRMAN 8.00 X X 0 0 0 GEORGE NEWSTROM VICE CHAIRMAN 8.00 X X 0 0 0 PAMELA FORBES LIEBERMAN TREASURER 8.00 X X 0 0 0 ATHENA KAVIRIS SECRETARY 8.00 X X 0 0 0 STEVE CARDINAL BOARD MEMBER 8.00 X 0 0 0 RON HINDERBERGER BOARD MEMBER 8.00 X 0 0 0 JOHN SHANHOLT BOARD MEMBER 8.00 X 0 0 0 RUSSELL THORNTON BOARD MEMBER 8.00 X 0 0 0 BILL SAWYER BOARD MEMBER (THRU 08/2023) 8.00 X 0 0 0 JEFF SMITH BOARD MEMBER (THRU 04/2023) 8.00 X 0 0 0 KATHY KORY BOARD MEMBER (THRU 04/2023) 8.00 X 0 0 0 CHRIS STORBECK BOARD MEMBER (THRU 04/2023) 8.00 X 0 0 0 JEFF HEUPLE BOARD MEMBER (THRU 04/2023) 8.00 X 0 0 0 DAMON DIORIO CEO 45.00 X 969955 0 38555 ANDREA RANDALL CFO 45.00 X 370862 0 30210 JOHN LYBERGER PGA DIRECTOR OF GOLF 45.00 X 507528 0 28200 TODD BOHN DIRECTOR OF AGRONOMY 45.00 X 547896 0 26391 AMY BROWN CONTROLLER 45.00 X 208441 0 20068 WES PUDWILL DIRECTOR OF TALENT & CULTURE 45.00 X 286072 0 15682 KIM ATKINSON DIRECTOR OF ATHLETICS & SONORAN 45.00 X 259481 0 0 TODD BRUEN DIRECTOR OF FACILITIES & MAINTENANCE 45.00 X 359187 0 27423 GREGG LEONARD DIRECTOR OF CLUB OPERATIONS 45.00 X 329494 0 27371 BERTRAND BOUQUIN DIRECTOR OF CULINARY 45.00 X 325731 0 28848 4164647 0 242748 52 0 1 0 HAYDON COMPANIES 4640 E COTTON GIN LOOP PHOENIX AZ 85040 CONSTRUCTION SERVICES 14799178 WADSWORTH GOLF CONSTRUCTION 13941 VAN DYKE ROAD PLAINFIELD IL 60544 CONSTRUCTION SERVICES 4953532 DTJ DESIGN INC 3101 IRIS AVENUE STE 130 BOULDER CO 80301 ARCHITECTURAL SERVICES 1367192 MANSHIP BUILDERS PO BOX 3665 CAREFREE AZ 85377 CONSTRUCTION SERVICES 1134842 THE CHAMBERS CO PO BOX 20239 BALTIMORE MD 21284 ARCHITECTURAL SERVICES 898845 34 MEMBER DUES AND ASSESMENTS 713910 56887110 56887110 INITIATION AND TRANSFER FEES 713910 19470000 19470000 MISC CLUB INCOME 713910 3940869 3135925 804944 GREENS AND HANDICAP FEES 713910 3902621 3902621 GOLF CART AND CLUB RENTALS 713910 3124630 3124630 4316098 4316098 91641328 1181080 1181080 1038787 106953 931834 931834 931834 15200 494185 -478985 -478985 15200 -494185 19032702 11688113 7344589 7151126 193463 100619846 97987510 3126521 -494185 37209 2752960 40629000 591529 5428001 3358562 228842 84090 2586858 1321720 1409809 941846 5645973 178909 39825 1075483 8898300 1230793 FEDERAL AND STATE INCOM 490812 REPAIRS AND MAINTENANCE 2159375 EQUIPMENT RENTAL 2153616 FERTILIZER AND CHEMICAL 1847953 5223437 88314902 4578757 8184217 30014293 18671723 7575367 8310471 941539 504936 2928312 3148637 1461345 1606214 225177771 85245799 120111997 139931972 5038058 4882779 3686766 10763550 176336434 196004499 9329389 13812869 2468936 2688564 24794382 23586752 6490984 10192907 43083691 50281092 X 133252743 145723407 133252743 145723407 176336434 196004499 12304944 165720 0 X 0 1 X 1 0 2239000 5248792 7487792 2467185 71005621 18402893 55069913 10107989 9143460 964529 134109184 57699446 76409738 139931972 DEFERRED INCOME TAXES 1611148 INTEREST RATE SWAP 1573251 OPERATING LEASE RIGHT OF USE ASSETS 7579151 10763550 273151 OPERATING AND FINANCE LEASES 7884954 DUES REPAYMENT PROGRAM 44993 RETIREMENT PLAN 457(B) 520309 NON-EQUITY MEM. SUR. BENEFIT 312500 CLUB LIABILITY SUPPLEMENTAL ASSESSMENT 1157000 10192907 X 102207011 165720 1421445 1587165 100619846 0 100619846 89736347 1421445 1421445 88314902 0 88314902 PART X, LINE 2: THE CLUB EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2023 AND 2022, THE UNRECOGNIZED TAX BENEFITS ACCRUAL WAS ZERO. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL COST OF SALES NETTED AGAINST REVENUE 508,232. RENTAL EXPENSES NETTED AGAINST REVENUE 106,953. MISCELLANEOUS EXPENSES RECLASSIFIED FROM FINANCIAL STATEMENTS 309,321. LOSS ON DISPOSAL 496,939. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENESS NETTED AGAINST REVENUE 106,953. ADDITIONAL COST OF SALES NETTED AGAINST REVENUE 508,232. MISCELLANEOUS EXPENSES RECLASSIFIED FROM FINANCIAL STATEMENTS 309,321. LOSS ON DISPOSAL 496,939. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVEL EXPERIENCES FOR CLUB MEMBERS 97120 0 0 0 0 0 0 97120 0 97120 0 0 0 0 0 0 PART I, LINE 3 DESERT MOUNTAIN CLUB USED 4 CATEGORIES TO ACCOUNT FOR THE REGION EXPENDITURES. THOSE 4 CATEGORIES ARE: 1. FOOD AND BEVERAGE 2. GUIDE TIPS 3. LODGING 4. INTRA-COUNTRY FLIGHT EXPENSES 1 ARIZONA COMMUNITY FOUNDATION 2201 E CAMELBACK ROAD SUITE 405B PHOENIX AZ 85016 860348306 501(C)(3) 15602 0 DESERT MOUNTAIN COMMUNITY PROGRAMS 1 0 PART I, LINE 2: GRANTS ARE MADE TO WELL-ESTABLISHED CHARITIES FOR UNRESTRICTED USE IN THEIR GENERAL PROGRAMS. POST-GRANT MONITORING IS NOT CONSIDERED NECESSARY. X X X X X X 0 0 0 DAMON DIORIO CEO 779478 0 176227 0 14250 0 29200 0 10759 0 1009914 0 0 0 TODD BOHN DIRECTOR OF AGRONOMY 450896 0 85000 0 12000 0 8270 0 18282 0 574448 0 0 0 JOHN LYBERGER PGA DIRECTOR OF GOLF 415278 0 78000 0 14250 0 10080 0 19014 0 536622 0 0 0 ANDREA RANDALL CFO 301103 0 56000 0 13759 0 12090 0 19524 0 402476 0 0 0 TODD BRUEN DIRECTOR OF FACILITIES & MAINTENANCE 291623 0 54000 0 13564 0 9302 0 19416 0 387905 0 0 0 GREGG LEONARD DIRECTOR OF CLUB OPERATIONS 266100 0 50000 0 13394 0 9250 0 19273 0 358017 0 0 0 BERTRAND BOUQUIN DIRECTOR OF CULINARY 263672 0 50000 0 12059 0 12708 0 17556 0 355995 0 0 0 WES PUDWILL DIRECTOR OF TALENT & CULTURE 230498 0 42000 0 13574 0 9285 0 7116 0 302473 0 0 0 KIM ATKINSON DIRECTOR OF ATHLETICS & SONORAN 207692 0 38000 0 13789 0 0 0 130 0 259611 0 0 0 AMY BROWN CONTROLLER 189400 0 18000 0 1041 0 7239 0 13821 0 229501 0 0 0 PART I, LINE 3 AS PART OF THEIR FIDUCIARY RESPONSIBILITY, THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE WHICH OBTAINS A COMPENSATION SURVEY BY AN INDEPENDENT THIRD PARTY. THE SURVEY IS ORDERED AS APPROPRIATE TO EVALUATE COMPENSATION. THE COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 IN SEPTEMBER OF 2023, THE BYLAWS WERE AMENDED TO REFLECT THE ADDED UPGRADE/DOWNGRADE TRANSFER PROGRAM AND INCLUDED SEVEN GOLF IN UPGRADE/DOWNGRADE TRANSFER PROGRAM. THEY ALSO UPDATED LANGUAGE WITHIN TO NOTE THAT "OTHER COMMITTEES" REPORT TO THE CEO. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS THREE CATEGORIES OF VOTING FULL MEMBERS: FULL GOLF MEMBERS, FULL SEVEN GOLF AND FULL LIFESTYLE MEMBERS. FULL GOLF MEMBERS HAVE ACCESS TO ALL FACILITIES INCLUDING UNLIMITED GOLF AND TENNIS. FULL GOLF MEMBERS HAVE TWO (2) VOTES EACH, SEVEN GOLF MEMBERS HAVE ONE AND A HALF (1.5) VOTES EACH AND FULL LIFESTYLE MEMBERS HAVE ONE (1) VOTE, EACH. LIMITED (FORMERLY NON-EQUITY) MEMBERSHIPS WERE ISSUED PRIOR TO DECEMBER 31, 2010. LIMITED MEMBERS DO NOT VOTE ON GENERAL MATTERS; THEIR VOTING RIGHTS ARE FURTHER DESCRIBED ON LINE 7(B). FORM 990, PART VI, SECTION A, LINE 7A CERTAIN DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B AT ANNUAL MEMBER MEETINGS FULL MEMBERS ENTITLED TO VOTE MAY VOTE ON "MAJOR DECISIONS". THE TERM "MAJOR DECISIONS" MEANS (I) A CAPITAL EXPENDITURE FOR NEW CAPITAL IMPROVEMENTS, EXPANDED CLUB FACILITIES AND RELATED OBLIGATIONS FOR THE CLUB THAT ARE NOT CAPITAL REPAIRS AND REPLACEMENT ITEMS AND THAT ARE IN EXCESS OF FIVE PERCENT (5%) OF THE ANNUAL GROSS REVENUE; (II) A SALE OF ANY CLUB FACILITY, OR THE SALE OF ANY OTHER ITEM OF CLUB PROPERTY HAVING A FAIR VALUE IN EXCESS OF FIVE PERCENT (5%) OF THE ANNUAL GROSS REVENUE; (III) A CHANGE OR ADDITION TO MEMBERSHIP CATEGORIES OR CLASSIFICATIONS THEREUNDER THAT COULD RESULT IN AN INCREASE IN THE TOTAL MEMBERSHIP CAP AND/OR THE GOLF MEMBERSHIP CAP OR THE LIFESTYLE MEMBERSHIP CAP, SUBJECT TO LIFESTYLE MEMBERSHIP LIMITATIONS DEFINED IN THE BYLAWS; AND (V) AN AMENDMENT TO THE BYLAWS, IF SUCH AMENDMENT WERE MATERIALLY ADVERSE TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CLUB'S CHIEF FINANCIAL OFFICER AND IS PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MEET NINE TIMES A YEAR TO DISCUSS ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THEIR FIDUCIARY RESPONSIBILITY, THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE WHICH OBTAINS A COMPENSATION SURVEY BY AN INDEPENDENT THIRD PARTY, AS APPROPRIATE. THE COMPENSATION OF TOP-LEVEL EMPLOYEES IS EVALUATED ANNUALLY BY THE CEO AND THE COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FULL MEMBERS CAN ACCESS THE GOVERNING DOCUMENTS ON THE MEMBER PORTION OF THE ORGANIZATION'S WEBSITE OR BY REQUESTING THEM AT THE MAIN OFFICE OF THE CLUB.