2024-11-15T20:11:14-06:00 2023-12-31 202122306 GBQ PARTNERS LLC 5580 MONROE STREET SUITE 210 SYLVANIA OH 43560 990 2023-01-01 344269760 INVERNESS CLUB INVE 4195789000 4601 DORR STREET TOLEDO OH 43615 JUSTIN BLACK GOVENOR 4195789000 2024-11-15 1 1 KATHY M MOSELEY P00116760 4198858338 2024-11-15 2023 2024-10-15 13:58:12Z FREDERICK L DEICHERT III 4601 DORR STREET TOLEDO OH 43615 13846158 0 X WWW.INVERNESSCLUB.COM X 1903 OH TO ESTABLISH AND MAINTAIN A PERMANENT GOLF COURSE, TENNIS, SWIMMING POOL, AND APPROPRIATE BUILDINGS FOR THE GENERAL USE AND ENTERTAINMENT OF THE MEMBERS OF THE CLUB AND THEIR GUESTS AND TO OBTAIN AND HOST MAJOR GOLF TOURNAMENTS AND CHAMPIONSHIPS. 9 9 296 0 583559 0 0 0 8548200 8945823 3000 0 3021893 2820387 11573093 11766210 0 0 0 0 5659142 6098571 0 0 0 4711733 4910538 10370875 11009109 1202218 757101 18088891 16969331 7044071 5170821 11044820 11798510 TO ESTABLISH AND MAINTAIN A PERMANENT GOLF COURSE, TENNIS, SWIMMING POOL, AND APPROPRIATE BUILDINGS FOR THE GENERAL USE AND ENTERTAINMENT OF THE MEMBERS OF THE CLUB AND THEIR GUESTS. 0 0 GOLF COURSE OPERATION, INCLUDING GREENS FEES AND GOLF CART RENTALS, FOR THE PLEASURE AND RECREATION OF THE CLUB'S MEMBERS AND GUESTS. TENNIS COURTS AND PADDLE TENNIS AREAS FOR THE PLEASURE AND RECREATION OF THE CLUB'S MEMBERS AND GUESTS. SWIMMING POOL AND RELATED FACILITIES FOR THE PLEASURE AND RECREATION OF THE CLUB'S MEMBERS AND GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 81 0 1 296 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 1 1 1 0 X JANET BARNHILL 4195789000 4601 DOOR ST TOLEDO OH 43615 RON WELTY GOVERNOR 3.00 X 0 0 0 FREDRICK L DEICHERT III PRESIDENT 5.00 X X 0 0 0 AUSTIN IRVING SECRETARY 5.00 X X 0 0 0 RON DONNAL GOVERNOR 3.00 X 0 0 0 LORI JOHNSTON GOVERNOR 3.00 X 0 0 0 MIKE MCCULLOUGH GOVERNOR 3.00 X 0 0 0 JUSTIN BLACK TREASURER 3.00 X X 0 0 0 EDMAN LEE IV GOVENOR 3.00 X 0 0 0 MAX VALENTINE VICE PRESIDENT 5.00 X X 0 0 0 JOHN F ZIMMERS GOLF COURSE SUPERINTENDENT 50.00 X 354000 0 24912 JOHN J WEAVER DIRECTOR OF GOLF 50.00 X 159301 0 0 MATHEW SPENGENBERG GENERAL MANAGER 50.00 X 215000 0 6469 ANDREW J SIKULA HEAD GOLF PROFESSIONAL 50.00 X 144270 0 1642 RICK E SPITLER BUILDING SUPERINTENDENT 50.00 X 129810 0 16644 1002381 0 49667 5 0 1 0 TROON GOLF 15044 N SCOTTSDALE RD SCOTTSDALE AZ 85254 CADDLE SERVICES 1193665 1 MEMBERSHIP DUES 713910 6495746 6495746 GREENS FEES 713910 1674575 1475184 199391 GUEST HOUSE 713910 279641 252491 27150 GOLF CART RENTAL 713910 266037 262649 3388 OTHER REVENUE 713910 229824 64618 165206 8945823 3875 12644 -8769 -8769 -8769 4896460 2067304 2829156 2640732 188424 11766210 11191420 583559 -8769 759682 4494252 88938 311147 444552 219504 25177 707544 524909 220980 1058435 363811 LANDSCAPING COSTS 606823 REPAIRS & MAINTENANCE 601780 ACTIVITIES AND PRIZES 205770 EMPLOYEE TRAINING 136497 239308 11009109 656056 268251 1714177 788186 828794 923075 241020 653389 25324516 11920409 13523408 13404107 1125436 932323 18088891 16969331 769029 928671 74000 51750 4240939 2574675 1960103 1615725 7044071 5170821 X 562186 440775 2312146 2430146 8170488 8927589 11044820 11798510 18088891 16969331 757101 -3411 0 X 0 0 0 1699804 1699804 19690592 9852198 9838394 3657964 2068211 1589753 276156 276156 13404107 FINANCE/OPERATING RIGHT OF USE ASSET 932323 932323 MEMBER DEPOSITS 920075 OPERATING/FINANCING RIGHT OF USE LIABILTIES 695650 1615725 X PART X, LINE 2: FASB ASC 740, INCOME TAXES, PROVIDES GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND CLARIFIES HOW TAX BENEFITS FOR UNCERTAIN TAX POSITIONS ARE TO BE RECOGNIZED, MEASURED, AND REPORTED IN FINANCIAL STATEMENTS AND REQUIRES CERTAIN DISCLOSURES OF UNCERTAIN TAX MATTERS. AT DECEMBER 31, 2022 AND 2021, THE CLUB DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS. X X 0 0 0 JOHN F ZIMMERS GOLF COURSE SUPERINTENDENT 309000 0 45000 0 0 0 21461 0 3451 0 378912 0 0 0 MATHEW SPENGENBERG GENERAL MANAGER 180000 0 35000 0 0 0 5290 0 1179 0 221469 0 0 0 JOHN J WEAVER DIRECTOR OF GOLF 113301 0 46000 0 0 0 0 0 0 0 159301 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE CLUB'S OFFICERS, ELECTED OFFICIALS OF THE BOARD, MAKE UP THE EXECUTIVE COMMITTEE WHICH GUIDES THE POLICIES AND GOVERNANCE OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 6 REGULAR CERTIFICATE HOLDING MEMBERS (RCHM) HAVE THE RIGHT TO APPROVE BY-LAW CHANGES, ELECT THE BOARD OF GOVERNORS AND CALL FOR SPECIAL MEETINGS OF THE MEMBERSHIP. EACH RCHM IS ENTITLED TO ONE VOTE. RCHM IN GOOD STANDING ARE ENTITLED TO VOTE AND TO HOLD OFFICE IN THE ORGANIZATION. RCHM SHALL NOT EXCEED 325. FORM 990, PART VI, SECTION A, LINE 7A REGULAR CERTIFICATE HOLDING MEMBERS (RCHM) HAVE THE RIGHT TO APPROVE BY-LAW CHANGES, ELECT THE BOARD OF GOVERNORS AND CALL FOR SPECIAL MEETINGS OF THE MEMBERSHIP. EACH RCHM IS ENTITLED TO ONE VOTE. RCHM IN GOOD STANDING ARE ENTITLED TO VOTE AND TO HOLD OFFICE IN THE ORGANIZATION. RCHM SHALL NOT EXCEED 325. FORM 990, PART VI, SECTION A, LINE 7B REGULAR CERTIFICATE HOLDING MEMBERS (RCHM) HAVE THE RIGHT TO APPROVE BY-LAW CHANGES, ELECT THE BOARD OF GOVERNORS AND CALL FOR SPECIAL MEETINGS OF THE MEMBERSHIP. EACH RCHM IS ENTITLED TO ONE VOTE. RCHM IN GOOD STANDING ARE ENTITLED TO VOTE AND TO HOLD OFFICE IN THE ORGANIZATION. RCHM SHALL NOT EXCEED 325. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS AVAILABLE TO THE BOARD OF GOVERNORS BEFORE IT IS FILED WITH THE IRS. THE BOARD OF GOVERNORS DELEGATES TO THE TREASURER THE RESPONSIBILITY OF REVIEWING THE RETURN PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIALS, OFFICERS, & KEY EMPLOYEES, INVERNESS CLUB USES COMPENSATION SURVEYS OR STUDIES. THE BOARD OF GOVERNORS THEN APPROVES THE SUGGESTED COMPENSATION OR SUGGESTS POTENTIAL CHANGES TO THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE ON GUIDESTAR.ORG AND UPON REQUEST.