2024-02-12T12:48:54-06:00 2023-03-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-04-01 941528424 SHARON HEIGHTS GOLF & COUNTRY CLUB SHAR 6506818503 2900 SAND HILL RD MENLO PARK CA 940257006 CARL A GRANT GENERAL MANAGER 6506818503 2024-02-12 1 CARL GRANT 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2024-02-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JULIA SCOCIMARA 2900 SAND HILL RD MENLO PARK CA 940257006 33568640 0 X HTTPS://WWW.SHARONHEIGHTSGCC.COM/ X 1961 CA THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATION ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 9 9 208 10 2191595 14030 0 0 11521824 12346279 -16768 20855 7716338 17784406 19221394 30151540 0 0 0 0 8279500 10782347 0 0 0 7695625 8164599 15975125 18946946 3246269 11204594 51835070 62240444 22000784 21201564 29834286 41038880 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED & OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS - SEE PART VIII FOR ADDITIONAL INFORMATION. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 86 0 1 208 1 1 1 0 0 0 1 1 13909258 3512217 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X STEFANIE LUNA 6506818503 2900 SAND HILL RD MENLO PARK CA 94025 JIM DILLER JR PRESIDENT 10.00 X X 0 0 0 JEFF EPSTEIN VICE PRESIDENT 2.00 X X 0 0 0 JULIA SCOCIMARA TREASURER 2.00 X X 0 0 0 STEPHEN SMITH DIRECTOR 2.00 X 0 0 0 TODD OLIVER DIRECTOR 2.00 X 0 0 0 KELLY KIRINCICH DIRECTOR (THROUGH 11/22) 2.00 X 0 0 0 MAUDE SCOTT DIRECTOR 2.00 X 0 0 0 MARTY BITTER DIRECTOR 2.00 X 0 0 0 JOSEPH DAVIS DIRECTOR 2.00 X 0 0 0 MARK BAKER DIRECTOR (AS OF 1/23) 2.00 X 0 0 0 THORSTEN LOTH GENERAL MANAGER (THROUGH 12/22) 40.00 X 598140 0 38901 STEFANIE LUNA CFO 40.00 X 282933 0 306 CHAD TWADDLE GOLF COURSE SUPERINTENDENT (AS OF 2/22) 40.00 X 213820 0 4610 RONITA SANGANI DIRECTOR OF HUMAN RESOURCE 40.00 X 202940 0 7280 MARK HOFF DIRECTOR OF GOLF 40.00 X 187108 0 0 RUBY BUCKLEY MEMBERSHIP & COMMUNICATION DIRECTOR 40.00 X 183171 0 1661 EFRAIN SANCHEZ F&B DIRECTOR 40.00 X 170682 0 16106 1838794 0 68864 15 0 1 0 LANCON CONSTRUCTION 3320 PHELPS STREET STOCKTON CA 95206 DESIGN SERVICES 111312 1 MEMBERSHIP DUES 713910 10879042 10879042 GOLF ACTIVITIES 713910 972786 915167 57619 SWIMMING AND TENNIS 713910 378261 378261 LOCKER ROOM 713910 116190 116190 12346279 22742 22742 55745 57632 -1887 -1887 -1887 7209953 3359468 3850485 1739251 2111234 MASTER PLAN ASSESSMENTS 713910 10708008 10708008 INITIATION AND TRANSFER FEE 713910 3201250 3201250 OTHER INCOME 713910 24663 24663 13933921 30151540 27961832 2191595 -1887 X 920280 7832454 2029613 19538 2597001 CLUBHOUSE OPERATIONS 1036495 GOLF COURSE MAINTENANCE 836108 GENERAL AND ADMINISTRAT 810986 PROPERTY TAXES & INSURA 684229 2180242 18946946 5678835 12836400 2549238 2597423 612984 658280 557269 592844 55904109 29928662 22497863 25975447 1710568 1600760 18228313 17979290 51835070 62240444 2747582 2077408 1205072 1274303 18048130 17849853 22000784 21201564 X 29834286 41038880 29834286 41038880 51835070 62240444 11204594 0 X X 0 1 X 1 0 1229659 1229659 29183408 13888222 15295186 2170117 2167454 2663 23320925 13872986 9447939 25975447 WATER RIGHTS 15916431 PREPAID LAND LEASE, NET 275224 RIGHT-OF-USE ASSETS FINANCE LEASE 329231 WATER PROJECT DEPOSIT 1458404 17979290 DEFERRED COMPENSATION PLAN 1600760 LONG TERM DEBT - WATER PROJECT LIABILITY 15617918 FINANCE LEASE OBLIGATIONS 335862 DEFERRED MASTER PLAN ASSESSMENT 295313 17849853 X 33511008 3359468 3359468 30151540 0 30151540 22306414 3359468 3359468 18946946 0 18946946 PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES ALL POSITIONS TAKEN BY THE CLUB ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,359,468. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,359,468. X X 1 1 X X X X 0 1 0 THORSTEN LOTH GENERAL MANAGER (THROUGH 12/22) 480228 0 0 0 117912 0 0 0 38901 0 637041 0 0 0 STEFANIE LUNA CFO 250000 0 20890 0 12043 0 0 0 306 0 283239 0 0 0 CHAD TWADDLE GOLF COURSE SUPERINTENDENT (AS OF 2/ 208333 0 0 0 5487 0 0 0 4610 0 218430 0 0 0 RONITA SANGANI DIRECTOR OF HUMAN RESOURCE 185000 0 15008 0 2932 0 0 0 7280 0 210220 0 0 0 MARK HOFF DIRECTOR OF GOLF 166886 0 15989 0 4233 0 0 0 0 0 187108 0 0 0 EFRAIN SANCHEZ F&B DIRECTOR 167029 0 0 0 3653 0 0 0 16106 0 186788 0 0 0 RUBY BUCKLEY MEMBERSHIP & COMMUNICATION DIRECTOR 169565 0 13606 0 0 0 0 0 1661 0 184832 0 0 0 PART I, LINE 4B THE CLUB SPONSORS A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR KEY PERSONNEL. THIS PLAN QUALIFIES UNDER SECTION 457 OF THE INTERNAL REVENUE CODE. THE PLAN PARTICIPANTS AND APPLICABLE AMOUNT INCLUDES: 1. STEFANIE LUNA, CFO - $12,083 2. MARK HOFF, DIR GOLF - $7,308 3. CHAD TWADDLE, GOLF SUPER - $7,500 4. RUBY BUCKLEY, MEMBERSHIP AND COMMUNICATIONS DIR. - $7,950 5. RONITA SANGANI, HR DIR. - $9,113 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - INDIVIDUALS PURCHASE MEMBERSHIP TO THE CLUB AND ARE CHARGED DUES MONTHLY FOR CONTINUED MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - PROPRIETARY MEMBERS OF THE CLUB VOTE TO ELECT NEW BOARD MEMBERS ANNUALLY. COMMITTEES ARE MADE UP OF PROPRIETARY MEMBERS THAT SUBMIT RECOMMENDATIONS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - A MAJORITY VOTE OF ALL PROPRIETARY MEMBERS IS NEEDED TO PASS THE FOLLOWING PROPOSALS: A CHANGE IN THE PERCENTAGE OF A MEMBER TRANSFEREE'S FEE OR INITIATION FEES TO BE RETAINED BY THE CLUB UPON TRANSFER OF A MEMBERSHIP, DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CLUB, ELECTION TO DISSOLVE THE CLUB, ESTABLISHMENT OF, OR INCREASES/DECREASES TO MEMBERSHIPS, AMENDING THE ARTICLES OF INCORPORATION AND BY-LAWS. A MAJORITY VOTE OF AT LEAST FIFTY PERCENT OF THE PROPRIETARY MEMBERS IS NEEDED TO PASS THE FOLLOWING PROPOSALS: REMOVAL OF A DIRECTOR, FILLING VACANCIES ON THE BOARD, APPROVAL OF A RELATED PARTY TRANSACTION WITH A DIRECTOR, AN INCREASE OF INDEBTEDNESS OR ASSESSMENTS IN A TWELVE-MONTH PERIOD BY AN AMOUNT EXCEEDING TWO TIMES THE MONTHLY DUES INCOME, ANY ACTION MATERIALLY OR ADVERSELY AFFECTING THE RIGHTS OF THE PROPRIETARY MEMBERS, CHANGES TO THE NUMBER OF DIRECTORS, INCREASING THE TERM OF DIRECTORS, ALLOWING ANY DIRECTOR TO HOLD OFFICE BY DESIGNATION. A MAJORITY VOTE OF AT LEAST FORTY PERCENT OF THE PROPRIETARY MEMBERS PRESENT AT REGULAR ANNUAL MEETINGS REGARDING ALL AFFAIRS OF THE ORGANIZATION AND AT SPECIAL MEETINGS REGARDING THE BUSINESS INVOLVED THAT CALLED FOR A SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE FORM 990 IS REVIEWED BY THE CFO AND GENERAL MANAGER BEFORE IT IS SUBMITTED TO AN OFFICER FOR SIGNATURE. THE BOARD OF DIRECTORS ARE ADVISED THAT THE RETURN IS AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE CONFLICT OF INTEREST NOTICE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND INCREASES ARE REVIEWED BY BOD DURING THE ANNUAL BUDGET PROCESS AND MANAGED BY GM/COO. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 24E WATER FACILITY SERVICES & INTEREST 675,200. SWIMMING AND TENNIS 455,579. FOOD 325,264. GOLF ACTIVITIES 279,417. OTHER EXPENSES 197,322. BEVERAGE 162,891. REPAIRS & MAINTENANCE 46,013. LOCKER ROOM 38,556. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.