2024-11-07T12:41:00-06:00 2023-12-31 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2023-01-01 160834954 PENFIELD COUNTRY CLUB INC PENF 5857504846 1784 JACKSON ROAD PENFIELD NY 14526 ROBERT FISHBACK TREASURER 5857504846 2024-09-15 1 1 RAYMOND J JACOBI P00160856 5854231860 2024-11-06 2023 2024-10-15 13:58:12Z DAVID SEMRAU 1784 JACKSON ROAD PENFIELD NY 14526 5049683 0 X WWW.PENFIELDCC.ORG X 1958 NY PENFIELD COUNTRY CLUB IS A PRIVATE EXEMPT SOCIAL (GOLF CLUB) WITH APPROXIMATELY 325 GOLFING MEMBERS. THE PRIMARY PURPOSE OF THE CLUB IS TO PROVIDE A SOCIAL ENVIRONMENT INCLUDING RELATED ACTIVITIES FOR MEMBERS' FAMILIES. FURTHER DETAILS ARE AVAILABLE AT THE CLUB OFFICE LOCATED AT 1784 JACKSON ROAD, PENFIELD, NY 14526. 12 12 149 90 233750 0 0 0 3295592 3420807 177 15812 900914 931177 4196683 4367796 0 0 0 0 1966148 2388521 0 0 0 1967196 2080101 3933344 4468622 263339 -100826 5321438 5140846 3335642 3256897 1985796 1883949 X PENFIELD COUNTRY CLUB IS A MEMBER OWNED COUNTRY CLUB WHOSE MISSION IS TO PROVIDE PREMIER SERVICES AND FACILITIES TO ITS MEMBERS, THEIR FAMILIES, AND GUESTS, BY DEVELOPING RELATIONSHIPS AND CREATING A SENSE OF CAMARADERIE THROUGH THE DELIVERY OF QUALITY PRODUCTS, PROGRAMS, AND SERVICES FOR THE ENJOYMENT OF THE FINEST TRADITIONS OF GOLF, SWIM, TENNIS, AND DINING, WHILE MAXIMIZING MEMBERSHIP VALUE FOR THE WHOLE FAMILY. 0 0 PROVIDING PREMIER SERVICES AND FACILITIES TO MEMBERS, THEIR FAMILIES, AND GUESTS, BY DEVELOPING RELATIONSHIPS AND CREATING A SENSE OF CAMARADERIE THROUGH THE DELIVERY OF QUALITY PRODUCTS, PROGRAMS AND SERVICES FOR THE ENJOYMENT OF THE FINEST TRADITIONS OF GOLF, SWIM, TENNIS, AND DINING, WHILE MAXIMIZING MEMBERSHIP VALUE FOR THE WHOLE FAMILY. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 149 1 1 1 0 0 0 0 193890 340810 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SUSAN WRIGHT 5857504846 1784 JACKSON ROAD PENFIELD NY 14526 CHIP YATTEAU BOARD OF DIRECTORS 1.00 X 0 0 0 ROBERT BOLTON BOARD OF DIRECTORS 1.00 X 0 0 0 BRAD PRESTON BOARD OF DIRECTORS 1.00 X 0 0 0 MICHAEL BRANDOW FIRST VICE PRESIDENT 1.00 X X 0 0 0 DWIGHT BATTLES BOARD OF DIRECTORS 1.00 X 0 0 0 ERIC ALLEN BOARD OF DIRECTORS 1.00 X 0 0 0 ROBERT FISHBACK TREASURER 1.00 X X 0 0 0 TOM CARTER SECOND VICE PRESIDENT 1.00 X X 0 0 0 DAVID SEMRAU PRESIDENT 1.00 X X 0 0 0 DAVE IGOE SECRETARY 1.00 X X 0 0 0 ROY LOTZAR BOARD OF DIRECTORS 1.00 X 0 0 0 JASON STOLER BOARD OF DIRECTORS 1.00 X 0 0 0 LEE CASTRO COO 40.00 X 148563 0 0 148563 0 0 1 0 0 0 PROLINE CONCRETE OF WNY INC 7341 SOUTHWESTERN BLVD EDEN NY 14057 POOL DECKING RESURFACING 101120 1 MEMBERSHIP DUES 713910 2682991 2682991 GOLF & GREENS FEES 713910 585331 515292 70039 LOCKER RENTALS & SVCS 713910 53720 53720 POOL INCOME 713910 50885 50885 MISCELLANEOUS INCOME 713910 47880 47880 3420807 17165 17165 1353 -1353 -1353 -1353 1581682 680534 901148 759384 141764 EMPLOYEE RETENTION CREDIT 713910 30029 25247 4782 30029 4367796 4134046 233750 0 146968 1896889 12520 111998 220146 2226 20050 58920 2457 76668 159423 80601 472572 93285 GENERAL SUPPLIES 220381 REPAIRS AND MAINTENANCE 177558 EQUIPMENT RENTAL 168742 CHEMICALS AND FERTILIZE 124907 422311 4468622 404351 505898 226184 356767 197688 208669 132835 124535 84005 117764 11530359 7828875 3876716 3701484 399659 125729 5321438 5140846 211272 248084 214350 247241 2737875 2641185 172145 120387 3335642 3256897 X 1985796 1883949 1985796 1883949 5321438 5140846 -100826 -1021 0 X X 0 1 X 1 0 111378 111378 5447714 3735561 1712153 3822513 2505656 1316857 1011024 803866 207158 1137730 783792 353938 3701484 LEASE LIABILITY 120387 120387 X 5047309 -1021 680534 679513 4367796 0 4367796 5149156 680534 680534 4468622 0 4468622 PART X, LINE 2: THE CLUB IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. HOWEVER, THE CLUB IS SUBJECT TO TAXATION ON NET INCOME DERIVED FROM NON-MEMBER FUNCTIONS, AS WELL AS FROM NET INVESTMENT INCOME. INCOME TAXES HAVE NOT BEEN PROVIDED SINCE THE PROVISION, AND WHEN FINALLY DETERMINED, WILL NOT BE SIGNIFICANT. THE CLUB HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE THEY ARE REQUIRED TO DO SO. THE CLUB FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF DECEMBER 31, 2023, THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO DECEMBER 31, 2020. THE TAX RETURNS FOR YEARS ENDED DECEMBER 31, 2020 THROUGH 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESTAURANT AND BAR COST OF GOODS SOLD 680,534. PART XII, LINE 2D - OTHER ADJUSTMENTS: RESTAURANT AND BAR COST OF GOODS SOLD 680,534. FORM 990, PART VI, SECTION A, LINE 6 THE COUNTRY CLUB CURRENTLY HAS APPROXIMATELY 438 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS AT THE COUNTRY CLUB CAN VOTE TO ELECT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ONLY DECISIONS NOT ALREADY ALLOWED BY CORPORATE BY-LAWS ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE WILL REVIEW THE 990 IN DETAIL. THE 990 WILL BE HELD IN THE FINANCE OFFICE FOR REVIEW FOR ALL OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB HAS A FORMAL CONFLICT OF INTEREST POLICY THAT IS FILLED OUT ANNUALLY BY BOARD AND COMMITTEE MEMBERS. THE POLICY IS MONITORED AND REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PRESIDENT AND COMMITTEE CHAIRMEN REVIEW THE INDIVIDUALS' PERFORMANCE AND RECOMMEND A SALARY BASED ON COMPARABLE PAY IN THE AREA WHICH IS THEN DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC USE BY REQUESTING THEM FROM PENFIELD COUNTRY CLUB DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.