2024-09-11T10:57:28-05:00 2023-12-31 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR ROAD SUITE 302 MILWAUKEE WI 532263255 990 2023-01-01 390165735 BIG FOOT COUNTRY CLUB BIGF 2622753000 PO BOX 140 FONTANA WI 53125 JIM SHERWOOD FINANCE OFFICER 2622753000 2024-08-15 1 1 BRIAN MECHENICH P00976753 4142717800 2024-08-15 2023 2024-08-08 14:25:15Z JIM SHERWOOD 770 SHABBONA DR FONTANA WI 53215 5778598 0 X WWW.BIGFOOTCC.ORG X 1924 WI TO PROVIDE WHOLESOME AND HEALTHFUL OUT-OF-DOOR RECREATION FOR ITS MEMBERS, PARTICULARLY THE GAME OF GOLF, AND TO PROMOTE MORAL, SOCIAL, AND PHYSICAL WELFARE AMONG ITS MEMBERS AND THEIR FAMILIES AND GUESTS. 11 11 115 11 73784 16602 0 0 5169740 4373697 85607 9401 -180864 -42016 5074483 4341082 0 0 0 0 1595594 1675224 0 0 0 2295657 2155210 3891251 3830434 1183232 510648 10329641 10448454 3026761 2612861 7302880 7835593 TO PROVIDE WHOLESOME AND HEALTHFUL OUT-OF-DOOR RECREATION FOR ITS MEMBERS, PARTICULARLY THE GAME OF GOLF, AND TO PROMOTE MORAL, SOCIAL, AND PHYSICAL WELFARE AMONG ITS MEMBERS AND THEIR FAMILIES AND GUESTS. 0 0 BIG FOOT COUNTRY CLUB IS A SOCIAL CLUB ORGANIZED FOR THE RECREATIONAL & SOCIAL ENTERTAINMENT OF ITS MEMBERS. THE CLUB OFFERS ITS MEMBERS GOLF, TENNIS, TRAP SHOOTING RANGE, DINING AND SOCIAL ACTIVITIES. AS OF DECEMBER 31, 2023, THE CLUB HAD 360 MEMBERS. 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 1 0 0 0 0 0 0 0 0 1 26 0 1 115 1 1 1 0 0 0 1 1 487494 130106 0 0 0 X 11 11 0 0 1 0 1 1 1 1 0 0 0 1 0 1 1 1 1 0 X X PAUL KEITH 2622753000 770 SHABBONA DR FONTANA WI 53125 WILLIAM ELWOOD PRESIDENT 1.00 X X 0 0 0 HUGH CONNOLLY VICE PRESIDENT 1.00 X X 0 0 0 JOHN RIGAS SECRETARY/RECORDING SECTRETARY 1.00 X X 0 0 0 JIM SHERWOOD FINANCE OFFICER/TREASURER 1.00 X X 0 0 0 BILL AURIEMMA MEMBER 1.00 X 0 0 0 DAN BRONGIEL MEMBER 1.00 X 0 0 0 FRANK CATALANO MEMBER 1.00 X 0 0 0 TIM FANNING MEMBER 1.00 X 0 0 0 SHARON HAVERSTOCK MEMBER 1.00 X 0 0 0 BILL MITCHELL MEMBER 1.00 X 0 0 0 JOHN RING MEMBER 1.00 X 0 0 0 PAUL KEITH CLUB MANAGER 40.00 X 151192 0 0 MATTHEW LEINEN COURSE SUPERINTENDENT 40.00 X 113275 0 13388 264467 0 13388 2 0 1 0 DJ HOVELSTOL CONSTRUCTION LLC N6140 COUNTY ROAD J ELKORN WI 53121 CONSTRUCTION SERVICES 166605 FORTUNE FISH AND GOURMET 1068 W SOUTH THORNDALE AVE BENSINVILLE IL 60106 FOOD SERVICE 134928 GRECO AND SONS 10451 SOUTH OAKVIEW PARKVIEW OAK CREEK WI 53154 FOOD SERVICE 109091 3 MEMBERSHIP DUES 713910 3494935 3494935 GOLF CART RENTAL 713910 330588 325044 5544 GREENS FEES 713910 267331 245656 21675 PRO SHOP SERVICE FEES 713910 106735 106735 SERVICE CHARGES 722511 100600 100600 73508 73508 4373697 18626 18626 9225 -9225 -9225 -9225 1352754 1428291 -75537 -103476 27939 MINIMUM SPENDING INCOME 713910 22625 22625 MISCELLANEOUS 713910 10896 10896 33521 4341082 4267298 73784 0 151192 1272124 27009 76330 148569 5105 22850 2030 67500 172870 56115 155923 16445 6028 62499 897758 94389 UNRELATED BUSINESS INCO 1588 SUPPLIES 243381 REPAIRS AND MAINTENANCE 181408 EVENTS AND PRIZES 53854 115467 3830434 241818 330572 758323 289441 735080 459800 113664 120251 28194 76353 15426213 7363681 8354528 8062532 1020726 98034 78387 0 10392 10329641 10448454 219904 304659 185518 230778 1794791 1413060 826548 664364 3026761 2612861 X 7302880 7835593 7302880 7835593 10329641 10448454 510648 22065 0 X X 0 1 X 1 0 12069320 5219421 6849899 2658915 1893312 765603 697978 250948 447030 8062532 REFUNDABLE EQUITY AND ASSESSMENT 575584 DEFERRED COMPENSATION 78387 OPERATING LEASE LIABILITY 10393 664364 X 5225530 22065 863020 885085 4340445 285 352 637 4341082 4692817 863020 863020 3829797 285 352 637 3830434 PART X, LINE 2: THE CLUB HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING,INTEREST, PENALTIES AND DISCLOSURE REQUIREMENTS. MANAGEMENT OF THE CLUB EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE CLUB RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS - LABOR 863,020. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FROM DEFERRED COMPENSATION 352. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS - LABOR 863,020. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FROM DEFERRED COMPENSATION 352. X X 0 0 0 PAUL KEITH CLUB MANAGER 151192 0 0 0 0 0 0 0 0 0 151192 0 0 0 BIG FOOT CORPORATION MEMBERS OF BFCC OWN BIG FOOT CORPORATION 54000 RENT EXPENSE 0 FORM 990, PART VI, SECTION A, LINE 4 THE CLUB'S BYLAWS WERE AMENDED ON SEPTEMBER 16, 2023. THE MAJOR CHANGES TO THE BYLAWS WERE AS FOLLOWS: ARTICLE III MEMBERSHIP SECTION 6 LEAVE OF ABSENSE - THE EXECUTIVE COUNCIL MAY GRANT A LEAVE OF ABSENSE FOR ONE YEAR TO REGULAR MEMBERS ON TERMS AND CONDITIONS THAT THE EXECUTIVE COUNCIL DETERMINES APPROPIATE; ARTICLE IV EXECUTIVE COUNCIL SECTION 2 NOMINATION - EACH EXECUTIVE COUNCIL MEMBER SHALL SUBMIT A NAME TO TO PLACED ON A BALLOT FOR A VOTE BY THE MEMBERSHIP AND THE MEMBERS OF THE NOMINATING COMMITTEE SHALL SERVE FOR TWO YEARS WITH STAGGERED TERMS, 4 SELECTED ONE YEAR AND 3 SELECTED IN THE SUBSEQUENT YEAR, WHICH WILL REQUIRE A PHASE IN FOR THE FIRST YEAR SIMILAR TO THE EXECUTIVE COUNCIL STAGGERED TERMS; AND ARTICLE VIII FINANCIAL SECTION 6 ASSESSMENT, DUES AND CAP SPEND - THE EXECUTIVE COUNCIL SHALL HAVE THE POWER TO ASSESS THE MEMBERSHIP AN AMOUNT SUFFICIENT TO BALANCE ANY DEFICIT WHICH THE CLUB MAY HAVE INCURRED DURING THE PRECEDING YEAR PROVIDED THAT SUCH AN ASSESSMENT SHALL NOT EXCEED IN ANY ONE FISCAL YEAR, AN AMOUNT EQUAL TO ONE MONTHS' REGULAR MEMBER'S DUES AND CHARGES FOR ANY MEMBER CLASSIFICATION. THE AMOUNT OF ASSESSMENT BY CLASSIFICATION SHALL BE AT THE SOLE DISCRETION OF THE EXECUTIVE COUNCIL. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB'S BYLAWS PROVIDE VARIOUS CLASSES OF MEMBERSHIP INCLUDING REGULAR, HONORARY, SENIOR, JUNIOR, SOCIAL, AND SURVIVING SPOUSE. FORM 990, PART VI, SECTION A, LINE 7A ONLY REGULAR MEMBERS SHALL BE ENTITLED TO VOTE AND HOLD OFFICE. FORM 990, PART VI, SECTION A, LINE 7B DISSOLUTION OF THE CLUB REQUIRES APPROVAL OF THE CERTIFICATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES CURRENTLY MEET BUT DO NOT KEEP MINUTES OF MEETINGS; HOWEVER, AN AGENDA IS PREPARED AND A COMMITTEE REPORT IS REPORTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMMITTEE CHAIRS PERFORM REVIEWS OF KEY PERSONNEL AND MAKE RECOMMENDATIONS TO THE BOARD FOR SALARY ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE UPON REQUEST AND ON 3RD PARTY WEBSITES SUCH AS GUIDESTAR.COM FORM 990, PART XII, LINE 2 THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS