2024-08-09T08:43:40-05:00 2023-09-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-10-01 592674425 BEAR LAKES COUNTRY CLUB INC BEAR 5614780001 1901 VILLAGE BOULEVARD WEST PALM BEACH FL 33409 CHARLES J ZACHARIAS PRESIDENT 5614780001 2024-07-29 1 0 CHRISTOPHER CECIL P01877773 5616971785 2024-07-29 2022 2024-08-08 14:25:15Z CHARLES J ZACHARIAS 1901 VILLAGE BOULEVARD WEST PALM BEACH FL 33409 13681606 0 X N/A X 1986 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 13 13 121 13 1051131 307929 0 0 9196507 10529704 11124 312403 2643490 1420873 11851121 12262980 0 0 0 0 5552947 6311308 0 0 0 7349669 7326594 12902616 13637902 -1051495 -1374922 29565463 31779262 14660554 14583472 14904909 17195790 BEAR LAKES COUNTRY CLUB 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 OPERATES 2 GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED DURING THE YEAR WERE APPROXIMATELY 46,195, OF WHICH APPROXIMATELY 11,066 WERE NONMEMBER RELATED. THE CLUB OPERATES AND MAINTAINS A CLUBHOUSE FOR ITS MEMBERS. FOOD AND BEVERAGE SALES FOR THE YEAR TOTALED $1,941,457 OF WHICH APPROXIMATELY $249,554 WAS NONMEMBER 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 1 101 0 1 121 1 1 1 0 0 0 1 1 0 970290 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X BRIAN DZIUBA 5614780001 1901 VILLAGE BOULEVARD WEST PALM BEACH FL 33409 CHARLES ZACHARIAS PRESIDENT 1.00 X X 0 0 0 RAJ KRISHNASAMY VICE PRESIDENT 1.00 X X 0 0 0 JOHN KELLY SECRETARY 1.00 X X 0 0 0 JANICE DEMARCO TREASURER 1.00 X X 0 0 0 PAUL KRASKER SECRETARY 1.00 X X 0 0 0 JOHN SANFORD DIRECTOR 1.00 X X 0 0 0 JON WEBER DIRECTOR 1.00 X 0 0 0 JIM DIBIASE DIRECTOR 1.00 X 0 0 0 CHRIS SKALETSKY DIRECTOR 1.00 X 0 0 0 SARA BARRETTA DIRECTOR 1.00 X 0 0 0 JOHN CAMPBELL DIRECTOR 1.00 X 0 0 0 MIKE FLOODSTRAND DIRECTOR 1.00 X 0 0 0 RICHARD KONTOS DIRECTOR 1.00 X 0 0 0 JIM ARRIGO DIRECTOR 1.00 X 0 0 0 CHRISTIAN HULL GENERAL MANAGER/COO 40.00 X 437780 0 13995 JAMES H SLATER CFO 40.00 X 44678 0 16044 BRIAN DZIUBA CFO 40.00 X 119974 0 0 MICHAEL J RIENZI DIRECTOR OF GOLF MAINTENAN 40.00 X 280225 0 10663 JAMES M GASCOIGNE DIRECTOR OF GOLF OPERATION 40.00 X 187605 0 7484 DANIEL MAULE EXECUTIVE CHEF 40.00 X 122824 0 4919 1193086 0 53105 5 0 1 0 0 MEMBERSHIP DUES 713910 8132060 8132060 GOLF OPERATIONS 713910 2256427 1722351 534076 LOCKERS & BAGS 713910 99963 99963 TENNIS FEES 713910 41254 21753 19501 10529704 314962 314962 2559 -2559 -2559 -2559 2557043 1416067 1140976 972884 168092 OTHER INCOME 713910 141682 127182 14500 INTEREST RATE SWAP AGREEMENT 713910 138215 138215 279897 12262980 11214408 1051131 -2559 5325476 648510 337322 317898 1591647 403770 GOLF COURSE MAINTENANCE 2120769 GOLF OPERATIONS 668319 FACILITIES & MAINTENANC 651280 ADMINSTRATIVE & GENERAL 479627 1093284 13637902 9994225 11274259 516375 700312 502123 419503 376150 286675 34399766 17482171 16236929 16917595 1100000 1165374 839661 1015544 29565463 31779262 1215554 1601678 5420000 5528396 6868512 6602712 1156488 850686 14660554 14583472 X 14904909 17195790 14904909 17195790 29565463 31779262 X -1374922 3665803 X X 0 1 X 1 0 3227190 3227190 11970948 4436274 7534674 4514378 4029540 484838 14687250 9016357 5670893 16917595 DEFERRED COMPENSATION 304500 CURRENT MATURITIES OF LONG-TERM DEBT 292547 FINANCE LEASE OBLIGATIONS 253639 850686 X 13667347 0 13667347 -1404367 -1404367 12262980 15042269 1404367 1404367 13637902 0 13637902 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 FASB'S GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES RECLASS -1,416,067. INCOME TAXES 11,700. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 1,416,067. INCOME TAXES -11,700. X X X X 0 0 0 CHRISTIAN HULL GENERAL MANAGER/COO 386780 0 42000 0 9000 0 0 0 13995 0 451775 0 0 0 MICHAEL J RIENZI DIRECTOR OF GOLF MAINTENAN 255225 0 25000 0 0 0 0 0 10663 0 290888 0 0 0 JAMES M GASCOIGNE DIRECTOR OF GOLF OPERATION 173185 0 14420 0 0 0 0 0 7484 0 195089 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 ALL EQUITY BASED MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7B BY-LAW CHANGES AND CAPTIAL EXPENDITURES OVER $300,000 REQUIRE THE APPROVAL OF THE EQUITY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES ALL BOARD MEMBERS WITH A COPY OF FORM 990 TO REVIEW BEFORE THE RETURN IS FILED. THE GENERAL MANAGER/COO AND THE CFO REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED TO DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. DIRECTORS AND MEMBERS WITHOUT ANY CONFLICT OF INTEREST WILL VOTE TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST DOES EXIST, APPROPRIATE ACTION IS TAKEN AT THE GOVERNING BOARD OR COMMITTEE LEVEL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST AT THE CLUB. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE CLUB WEBSITE. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIP CERTIFICATES 1,692,771. RENOVATION ASSESSMENT REFUNDED -40,850. LAKES COURSE RENOVATION ASSESSMENT 6,500. CAPITAL CONTRIBUTIONS 1,836,758. RANGE PROJECT ASSESSMENT 170,624. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.