2024-02-13T15:30:44-06:00 2023-03-31 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2022-04-01 361956470 WESTMORELAND COUNTRY CLUB WEST 8472514600 2601 OLD GLENVIEW ROAD WILMETTE IL 60091 DAVID HAWKINS TREASURER 8472514600 2024-02-08 1 DAVID HAWKINS 999009999 0 PAUL J ROZEK P00542258 6309541400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDWARD NEILD 2601 OLD GLENVIEW ROAD WILMETTE IL 60091 15078834 0 X WWW.WESTMORELANDCC.ORG X 1911 IL A PRIVATE SOCIAL CLUB, PROVIDING GOLF, TENNIS, DINING, AND RECREATIONAL FACILITIES FOR THE EXCLUSIVE BENEFIT OF ITS MEMBERS. 11 11 250 11 305272 41003 0 0 10478828 10522203 3921 45899 2477714 2529690 12960463 13097792 0 0 0 0 6128165 7272487 0 0 0 5265172 5689201 11393337 12961688 1567126 136104 31536434 31556817 5942332 5626775 25594102 25930042 A PRIVATE SOCIAL CLUB, PROVIDING GOLF, TENNIS, DINING, AND RECREATIONAL FACILITIES FOR THE EXCLUSIVE BENEFIT OF ITS MEMBERS. 0 0 A PRIVATE SOCIAL CLUB, PROVIDING GOLF, TENNIS, DINING, AND RECREATIONAL FACILITIES FOR THE EXCLUSIVE BENEFIT OF ITS 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 0 0 0 0 0 0 0 0 0 1 10 0 1 250 1 1 1 0 0 0 0 1802950 312106 0 0 0 X 11 11 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 IL X MATT ULRYCH 8472514600 2601 OLD GLENVIEW ROAD WILMETTE IL 60091 EDWARD F NEILD PRESIDENT 5.00 X X 0 0 0 WILLIAM F MCCARTY III END 1222 PRESIDENT 5.00 X X 0 0 0 WILLIAM WORTH VICE PRESIDENT 5.00 X X 0 0 0 ROBERT G FOX III TREASURER 5.00 X X 0 0 0 BRYAN D DUNCAN SECRETARY 5.00 X 0 0 0 CHRIS CRAWSHAW EX OFFICIO 5.00 X 0 0 0 STWEART BRADLEY COMMITTEE CHAIRMAN 5.00 X 0 0 0 MYLES P CUNNINGHAM END 1222 COMMITTEE CHAIRMAN 5.00 X 0 0 0 JIM L FARRELL COMMITTEE CHAIRMAN 5.00 X 0 0 0 KEVIN FITZGERALD END 1222 COMMITTEE CHAIRMAN 5.00 X 0 0 0 CHAD GARDNER COMMITTEE CHAIRMAN 5.00 X 0 0 0 DAVID GIBSON COMMITTEE CHAIRMAN 5.00 X 0 0 0 WILLIAM PHILLIPS COMMITTEE CHAIRMAN 5.00 X 0 0 0 MATTHEW B VOLLMER END 1222 COMMITTEE CHAIRMAN 5.00 X 0 0 0 MARK CONSTANTINOU GM/COO 50.00 X 140000 0 17495 MATT FLORY GROUNDS SUPERINTENDENT 50.00 X 152827 0 32359 AUSTEN ONO EXECUTIVE CHEF 50.00 X 159535 0 15007 HANS LARSON GOLF PRO 40.00 X 193738 0 36446 DAVID BUKOWSKI TENNIS PRO 50.00 X 266796 0 34404 912896 0 135711 5 0 1 0 CREATIVE FINANCIAL STAFFING PO BOX 95111 CHICAGO IL 60694 TEMPORARY CONTROLLER SERVICES 130870 1 MEMBERSHIP DUES 713910 5494778 5494778 INITIATION FEES AND CAPITAL ASSES 713910 1802950 1802950 CAPITAL DUES 713910 1109806 1109806 GOLF OPERATIONS 713910 777044 714554 62490 FOOD AND BEVERAGE 713910 712765 690462 22303 624860 624860 10522203 45899 45899 4510732 1981042 2529690 2355110 174580 13097792 12792520 305272 0 157495 5890846 681255 542891 248148 95264 709678 37372 212547 2114785 111668 SUPPLIES 912114 EQUIPMENT RENTAL/MAINTE 420155 ENTERTAINMENT 302988 CONTRACT SERVICES 208553 315929 12961688 514096 1210831 6070696 5294170 605386 740909 477279 634936 199293 222922 61105464 39033674 23659215 22071790 1263209 10469 118050 31536434 31556817 862238 1195530 68635 169548 4909437 4251930 102022 9767 5942332 5626775 X 25594102 25930042 25594102 25930042 31536434 31556817 X 136104 199836 X 0 1 X 1 0 190314 190314 28628392 15236705 13391687 15345929 7928321 7417608 16940829 15868648 1072181 22071790 DEFERRED COMP AGREEMENT 9767 9767 X 14565905 0 14565905 -1468113 -1468113 13097792 14229965 1268277 1268277 12961688 0 12961688 PART X, LINE 2: THE CLUB IS A PRIVATE MEMBERSHIP CLUB AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE ("IRC"). UNDER THIS SECTION, UNRELATED BUSINESS INCOME AND INVESTMENT INCOME, AS DEFINED, ARE SUBJECT TO FEDERAL AND STATE TAXES AT CORPORATE RATES. AS OF MARCH 31, 2023, THE CLUB'S INCOME TAX RETURNS FOR FISCAL YEARS 2020 AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," REQUIRES THAT UNCERTAIN INCOME TAX POSITIONS BE RECORDED IN THE FINANCIAL STATEMENTS AT AN AMOUNT THAT WOULD MOST LIKELY BE REALIZED ASSUMING A REVIEW BY THE TAX AUTHORITIES. MANAGEMENT HAS ASSESSED ITS INCOME TAX POSITIONS AND BELIEVES ANY POTENTIAL LIABILITY THAT MIGHT ARISE FROM A REVIEW BY TAX AUTHORITIES WOULD NOT HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,981,042. FIXED SERVICE CHARGE NETTED AGAINST EXPENSE ON AUDITED FINANCIAL STATEMENTS 712,765. UNREALIZED LOSS ON SWAP AGREEMENT -199,836. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,981,042. FIXED SERVICE CHARGE NETTED AGAINST EXPENSE ON AUDITED FINANCIAL STATEMENTS -712,765. X 1 1 X X 0 1 0 DAVID BUKOWSKI TENNIS PRO 161391 0 8933 0 96472 0 19508 0 14896 0 301200 0 0 0 HANS LARSON GOLF PRO 178880 0 14858 0 0 0 17475 0 18971 0 230184 0 0 0 MATT FLORY GROUNDS SUPERINTENDENT 106629 0 13998 0 32200 0 20854 0 11505 0 185186 0 0 0 AUSTEN ONO EXECUTIVE CHEF 129435 0 30100 0 0 0 5759 0 9248 0 174542 0 0 0 MARK CONSTANTINOU GM/COO 100000 0 40000 0 0 0 2154 0 15341 0 157495 0 0 0 PART I, LINE 1A THE CLUB PROVIDES HOUSING ARRANGEMENTS ON THE GROUNDS OF THE CLUB TO THE GROUNDS SUPERINTENDENT AS A CONDITION OF EMPLOYMENT FOR THE BENEFIT OF THE CLUB'S ARGONOMIC OPERATIONS. THE BENEFIT IS NOT TAXABLE COMPENSATION TO THE GROUNDS SUPERINTENDENT. PART I, LINE 4B MARK CONSTANTINOU FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO CLASSES OF MEMBERS, EQUITY MEMBERS AND NON-EQUITY MEMBERS. EQUITY MEMBERS HAVE THE RIGHT TO VOTE, ARE ENTITLED TO A REFUND OF EQUITY UPON REGISTRATION, AND WOULD SHARE IN THE ALLOCATION OF COMPANY ASSETS UPON DISSOLUTION. NON-EQUITY MEMBERS DO NOT HAVE THE RIGHT TO VOTE, DO NOT RECEIVE A REFUND OF EQUITY UPON REGISTRATION, AND DO NOT SHARE IN THE LIQUIDATION PROCEEDS. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB IS GOVERNED BY AN ELEVEN PERSON BOARD OF DIRECTORS WHICH IS LIMITED TO ONLY THOSE EQUITY MEMBERS WHO ARE IN GOOD STANDING WITH THE CLUB. THE MEMBERS OF THIS BOARD OF DIRECTORS ARE NOMINATED BY A COMMITTEE OF THEIR PEERS AND ARE SUBMITTED TO THE EQUITY MEMBERSHIP FOR VOTE VIA CLOSED BALLOT AT THE ANNUAL GENERAL MEMBERSHIP MEETING. IN THE EVENT A MEMBER OF THE BOARD RESIGNS MID-TERM, THE PRESIDENT HAS THE AUTHORITY TO APPOINT AN INTERIM MEMBER TO HOLD THE POSITION UNTIL THE SUBSEQUENT GENERAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS HAS THE AUTHORITY TO GOVERN THE CLUB PURSUANT TO THE CLUB'S BY-LAWS AND RULES IN ALL MATTERS. THE EQUITY MEMBERS BY VIRTUE OF THE ESTABLISHED BY-LAWS GRANT APPROVAL ONLY FOR THOSE ISSUES PERTAINING TO THE FOLLOWING: - YEAR END CONGRESSIONAL ASSESSMENT - ANY SIGNIFICANT CAPITAL ASSESSMENT - ANY INCOMING MEMBERS OF THE BOARD OF DIRECTORS - APPROVAL FOR ANY PROPOSED CHANGES TO THE CLUB'S BY-LAWS FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER REVIEWS THE TAX RETURN WITH THE CONTROLLER, FINANCE COMMITTEE, AND THE BOARD OF DIRECTORS BEFORE SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES A COMPENSATION SURVEY OR STUDY TO DETERMINE THE COMPENSATION OF THE GENERAL MANAGER. THE GENERAL MANAGER'S COMPENSATIN IS THEN APPROVED BY THE BOARD. THE GENERAL MANAGER DETERMINES THE STAFF'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 A PRIVATE MEMBER CLUB IS NOT REQUIRED TO MAKE GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990 IS AVALIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP 199,836.