2024-09-12T15:25:01-05:00 2023-10-31 860985325 LOHMAN COMPANY PLLC 1630 S STAPLEY DR SUITE 108 MESA AZ 85204 990 2022-11-01 860047000 PHOENIX COUNTRY CLUB PHOE 4802423817 2901 NORTH 7TH STREET PHOENIX AZ 85014 RON CASTRO PRESIDENT 4802423817 2024-08-23 1 1 DENNIS M HARE P01241957 4803551100 2022 2024-08-08 14:25:15Z RON CASTRO 2901 NORTH 7TH STREET PHOENIX AZ 85014 18069273 0 X PHOENIXCC.ORG X 1919 AZ TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 9 9 0 9 1877970 355905 0 0 12818318 14330688 30825 357460 2552867 2501882 15402010 17190030 0 0 0 0 6859033 7560059 0 0 0 7896790 8594561 14755823 16154620 646187 1035410 21458619 23689481 18256934 18050122 3201685 5639359 TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 0 0 THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO 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 58 0 1 0 1 1 0 0 0 0 2267312 1521065 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X TROON GOLF 4802423817 2901 NORTH 7TH STREET PHOENIX AZ 85014 RONALD CASTRO JR PRESIDENT 5.00 X X 0 0 0 RYAN LUKE VICE PRESIDENT 5.00 X X 0 0 0 TOM GRAND TREASURER 5.00 X X 0 0 0 CHERI BRADY SECRETARY 5.00 X X 0 0 0 GARRET MCKNIGHT DIRECTOR 1.00 X 0 0 0 ANDY FEDERHAR DIRECTOR 1.00 X 0 0 0 JILL ESTEP DIRECTOR 1.00 X 0 0 0 JOHN WELCH DIRECTOR 1.00 X 0 0 0 DAN BUDZIUS CEO 40.00 X 306614 0 29260 PAUL GRIFFIN DIRECTOR OF GOLF 40.00 X 121000 0 3689 MARCUS DEKONING EXECUTIVE CHEF 40.00 X 142033 0 0 MAX RASCON CFO 40.00 X 131000 0 0 WILLIAM PARKER ASSISTANT GM 40.00 X 109500 0 0 810147 0 32949 5 0 1 0 0 MEMBERSHIP DUES 713910 8071750 8071750 BANQUET REVENUES 713910 3973481 3374917 598564 FACILITY FEES, RENTAL AND OTHER 713910 2285457 1362956 922501 14330688 357460 555 356905 1061807 879243 182564 182564 INITIATION AND TRANSFER FEES 713910 2267312 2267312 OTHER INCOME 900099 52006 52006 2319318 17190030 15312060 1877970 0 791464 5610000 616802 541793 200000 35497 26371 16276 17805 186159 102298 988999 12757 7432 663404 2053892 130499 UBI TAX EXPENSE 454 BANQUET FOOD/BEV COST 1645802 LANDSCAPING & CHEMICALS 677275 REPAIRS AND MAINTENANCE 564172 1265469 16154620 3272323 2478 4865534 8392056 780982 523094 528841 499425 188915 249017 42600903 28810382 11822024 13790521 0 232890 21458619 23689481 2337087 2478993 15434474 14870134 485373 700995 18256934 18050122 X 3201685 5639359 3201685 5639359 21458619 23689481 X 1035410 18572 1383692 X X 0 1 X 1 0 357702 357702 21550346 16530538 5019808 8584705 5013301 3571404 6022193 4409933 1612260 6085957 2856610 3229347 13790521 OPERATING & FINANCING LEASES 700995 700995 X 13276916 -1645802 -1645802 14922718 2267312 2267312 17190030 14508818 0 14508818 1645802 1645802 16154620 PART X, LINE 2: THE CLUB IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, SO LONG AS NO MORE THAN 35% OF ITS GROSS RECEIPTS COME FROM SOURCES OUTSIDE OF ITS MEMBERSHIP, INCLUDING NO MORE THAN 15% OF ITS GROSS RECEIPTS FROM THE USE OF ITS FACILITIES BY NON-MEMBERS. IF SUCH THRESHOLDS WERE TO BE EXCEEDED, THE CLUB COULD LOSE ITS TAX-EXEMPT STATUS. HISTORICALLY, THE CLUB'S GROSS RECEIPTS FROM OUTSIDE OF ITS MEMBERSHIP HAVE NOT EXCEEDED SUCH THRESHOLDS AND THE CLUB DOES NOT EXPECT THAT THOSE THRESHOLDS WILL BE EXCEEDED IN THE FUTURE. THE CLUB IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON THE PORTION OF ITS BUSINESS RELATED TO THE USE OF ITS FACILITIES BY NON-MEMBERS AND ON ITS INVESTMENT INCOME. SUCH INCOME IS REFERRED TO AS UNRELATED BUSINESS TAXABLE INCOME OR "UBTI". THE CLUB ALSO EARNS FEDERAL TAX CREDITS FOR EMPLOYMENT TAXES IT PAYS ON TIP INCOME EARNED BY ITS EMPLOYEES AND ON TAXES PAID ON ITS FUEL PURCHASES. THESE TAX CREDITS HAVE EFFECTIVELY MITIGATED THE CLUB'S FEDERAL AND STATE INCOME TAXES IN RECENT YEARS AND RESULTED IN A REFUNDABLE CREDIT FOR TAXES PAID ON ITS FUEL PURCHASES. THE CLUB EVALUATED ITS VARIOUS HISTORICAL TAX POSITIONS AND CONCLUDED THAT IT HAD TAKEN NO POSITIONS THAT REQUIRE ADJUSTMENT TO THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON FUNCTIONAL EXPENSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: INITIATION FEES PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON FUNCTIONAL EXPENSES. X X X 0 0 0 DAN BUDZIUS CEO 267850 0 38764 0 0 0 11211 0 18049 0 335874 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TO A MANAGEMENT COMPANY, TROON GOLF, IN REPLACEMENT OF UTILIZING ORGANIZATION EMPLOYEES. ALL FINANCIALS AND REPORTING IS STILL REVIEWED BY THE OFFICERS AND DIRECTORS OF THE PHOENIX COUNTRY CLUB. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A MEMBER BASED ORGANIZATION, EACH MEMBER IS A STOCKHOLDER. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB'S MEMBERS ELECT THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS REQUIRE AN ACTIVE MEMBERSHIP VOTE: INDEBTEDNESS FOR CAPITAL IMPROVEMENTS, POWER TO MORTGAGE OR ENCUMBER, AND ANNUAL ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS SIGNED A CODE OF ETHICS THAT INCLUDES A CONFLICT OF INTEREST SECTION. THEY ANNUALLY REVIEW THE BIDDING PROCESS AND MONITOR ANY NEW PURCHASES AND CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE COMPARED TO OTHER CLUBS IN THE AREA. INDEPENDENT STUDIES ARE CONTRACTED PERIODICALLY AS REQUESTED BY THE BOARD OF DIRECTORS. THE BOARD REVIEWS AND APPROVES THE COMPENSATION PACKAGE OF THE CEO AND OTHER OFFICERS AND KEY EMPLOYEES AND MINUTES ARE KEPT OF THE DELIBERATION AND DECISION. THE COMPENSATION PROCESS WAS LAST ACCOMPLISHED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 ANY WRITTEN POLICIES OR DOCUMENTS ARE AVAILABLE UPON REQUEST. THE YEAR END AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. FORM 990, PART XI, LINE 9: PROCEEDS FROM ISSUANCE OF EQUITY MEMBERSHIPS 585,000. REFUNDS ON REISSUANCE OF EQUITY MEMBERSHIPS -435,000. CAPITAL DUES 1,233,692.