2024-02-15T10:15:26-06:00 2022-12-31 570776381 WEBSTERROGERS LLP PO BOX 1999 BLUFFTON SC 29910 990 2022-01-01 570905091 SPRING ISLAND CLUB SPRI 8439872002 174 CALLAWASSIE DRIVE OKATIE SC 29910 WILLIAM GRIFFON GENERAL MANAGER/COO 8439872002 2024-02-14 1 WILLIAM GRIFFON XXX-XX-XXXX 0 TABATHA R BELLFLOWERSEA P01314866 8437068440 2024-02-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM GRIFFON 174 CALLAWASSIE DRIVE OKATIE SC 29910 12185928 0 X WWW.SPRINGISLAND.COM X 1990 SC COUNTRY CLUB WHICH PROVIDES ITS MEMBERS WITH VARIOUS SOCIAL FUNCTIONS AND SERVICES. 10 10 128 0 49116 0 0 0 7496846 8239926 7923 108218 3242251 2694100 10747020 11042244 0 0 0 0 3985274 4299532 0 0 0 5695710 6362729 9680984 10662261 1066036 379983 20372733 21560413 5102213 5909910 15270520 15650503 TO PROVIDE THE MEMBERS WITH SERVICES THAT INCLUDE GOLF, TENNIS, FITNESS CENTER AND DINING FACILITIES. 0 0 PROVIDE CLUB MEMBERS WITH VARIED SOCIAL FUNCTIONS AND GATHERINGS. PROVIDE MEMBERS WITH VARIOUS AMENITIES SUCH AS FOOD AND BEVERAGE, GOLF, HUNTING, TENNIS AND FITNESS CENTER. MAINTAIN THE CLUB FACILITIES THROUGHOUT THE YEAR. 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 1 0 0 0 0 0 0 0 0 0 1 0 0 1 93 0 1 128 1 1 1 0 0 0 0 0 0 1400000 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 SC X CRAIG J SIMONSON 8439872127 174 CALLAWASSIE DRIVE OKATIE SC 29909 GEOFF HARGADON DIRECTOR 5.00 X 0 0 0 GLORIA PINZA DIRECTOR 5.00 X 0 0 0 CECILY STONE DIRECTOR 5.00 X 0 0 0 THOMAS LODGE DIRECTOR 5.00 X 0 0 0 SHANNON PRICE DIRECTOR 5.00 X 0 0 0 SALLY SWIFT DIRECTOR 5.00 X 0 0 0 MICHAEL SCHMITTLEIN TREASURER 5.00 X 0 0 0 RUTHANN RAY PRESIDENT 5.00 X 0 0 0 WILLIAM MCMAHON SECRETARY 5.00 X 0 0 0 JUDY GRASSI VICE-PRESIDENT 5.00 X 0 0 0 JAY GRATTON DIRECTOR OF GROUNDS AND CO 40.00 X 246619 0 23899 TAMMY RANDOLPH DIRECTOR OF RECREATION AND 40.00 X 141260 0 12781 WILLIAM SAMPSON DIRECTOR OF GOLF INSTRUCTI 40.00 X 172723 0 27390 DEBRA GERLACH DIRECTOR OF CLUB OPERATION 40.00 X 150701 0 19523 DOUGLAS GADDY DIRECTOR OF FACILITIES 40.00 X 117508 0 4448 CHIP SWANSON DIRECTOR OF GOLF 40.00 X 174256 0 19915 JEREMY HALKER EXECUTIVE CHEF 40.00 X 135400 0 3752 LARRY ANGUS TENNIS PROFESSIONAL 40.00 X 157450 0 13822 ADAM CRIBITT GOLF COURSE SUPERINTENDENT 40.00 X 110168 0 4162 1406085 0 129692 9 0 1 0 PALMA ENTERPRISES PO BOX 21428 HILTON HEAD ISLAND SC 29925 TEMPORARY LABOR 585217 USI INSURANCE PO BOX 62819 VIRGINIA BEACH VA 23466 INSURANCE BROKER 370875 PHOENIX FINANCIAL SERVICES LLC 174 CALLAWASSIE DR OKATIE SC 29909 ACCOUNTING SERVICES 287040 RESORT HOTEL INSURANCE SERVICES 6641 W BROAD STREET RICHMOND VA 23230 INSURANCE UNDERWRITER 139107 BEHIND THE MOON ENTERTAINMENT PO BOX 69 RUPERT VT 05768 ENTERTAINMENT AGENT 135392 5 MEMBERSHIP DUES AND ASSESSMENTS 713910 7339085 7339085 GOLF OPERATION REVENUES 713910 577682 577682 LATE FEES CHARGED 713910 303255 303255 GOLF COURSE ASSESSMENT 713910 19904 19904 8239926 850 850 9364 98004 0 0 9364 98004 107368 107368 1716675 1143684 572991 523875 49116 MEMBERSHIP TRANSFER FEE 713910 900000 900000 PROGRAM REVENUES - ART, MUSIC & R 713910 730264 730264 ALL OTHER REVENUE 713910 490845 490845 2121109 11042244 10884910 49116 108218 1406085 2486023 74626 332798 14085 301740 286396 8561 1097616 906426 SUPPLIES 1113828 GENERAL AND ADMINISTRAT 717854 REPAIRS AND MAINTENANCE 516158 BAD DEBT EXPENSE 442162 957903 10662261 1914395 1601700 1366251 1823423 4241909 4588132 20000 15000 216932 289536 44284 17111 27359743 15296383 12548809 12063360 20153 1162151 20372733 21560413 723066 457484 3771797 4126989 391388 0 215962 1325437 5102213 5909910 X 15270520 15650503 15270520 15650503 20372733 21560413 379983 0 X X 0 1 X 1 0 392342 392342 14103505 4965980 9137525 2371998 1509352 862646 10491898 8821051 1670847 12063360 DUE TO/FROM OTHER ENTITIES 3228 OPERATING LEASE- ROU ASSET 1158923 1162151 GIFT CERTIFICATES - SPORTS COMPLEX 2318 CHIRSTMAS FUND 51590 SALES TAX PAYABLE 18698 BEAUFORT COUNTY ACCOMODATIONS TAX 237 BEAUFORT COUNTY HOSPITALITY TAX 4292 LIQUOR EXCISE TAX 911 ACCOMMODATIONS TAX PAYABLE 554 BEAUFORT COUNTY ADMISSIONS TAX 358 ADMISSIONS TAX PAYABLE 716 GRATUITY PAYABLE 34182 GOLF LESSONS PAYABLE 148 RIDING LESSONS PAYABLE 1035 SHOOTING LESSONS PAYABLE 70 DUE TO/FROM OTHER ENTITIES 41247 HOUSEKEEPING SERVICE CHARGE 5839 TENNIS MERCHANDISE LIABILITY 739 COTTAGE RENTAL PAYABLE 6248 LEASE LIABILITY 731408 OPERATING LEASE LIABILITY- CURRENT 424847 1325437 X 12185928 1143684 1143684 11042244 0 11042244 11805945 1143684 1143684 10662261 0 10662261 PART X, LINE 2: THE CLUB IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). ACCORDINGLY, INCOME OR LOSS FROM NET MEMBERSHIP ACTIVITIES IS DEEMED EXEMPT FOR INCOME TAX PURPOSES. NON-MEMBER NET INCOME AND INVESTMENT NET INCOME IS CONSIDERED TAXABLE; HOWEVER, NO PROVISION FOR INCOME TAXES HAS BEEN MADE FOR THE YEAR ENDED DECEMBER 31, 2022, AS THERE IS NO NET TAXABLE INCOME FROM NON-MEMBER AND INVESTMENT ACTIVITIES DURING THIS YEAR. THERE WERE NO DEFERRED INCOME TAXES IN 2022. THE CLUB EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE CLUB HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD CHARGED AGAINST REVENUE 1,143,684. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD CHARGED AGAINST REVENUE 1,143,684. X 1 1 X X 0 0 0 JAY GRATTON DIRECTOR OF GROUNDS AND CO 232119 0 14500 0 0 0 0 0 23899 0 270518 0 0 0 WILLIAM SAMPSON DIRECTOR OF GOLF INSTRUCTI 167723 0 5000 0 0 0 0 0 27390 0 200113 0 0 0 CHIP SWANSON DIRECTOR OF GOLF 151977 0 22279 0 0 0 0 0 19915 0 194171 0 0 0 LARRY ANGUS TENNIS PROFESSIONAL 154450 0 3000 0 0 0 0 0 13822 0 171272 0 0 0 DEBRA GERLACH DIRECTOR OF CLUB OPERATION 134201 0 16500 0 0 0 0 0 19523 0 170224 0 0 0 TAMMY RANDOLPH DIRECTOR OF RECREATION AND 134260 0 7000 0 0 0 0 0 12781 0 154041 0 0 0 TAMMY RANDOLPH CURRENT DIRECTOR OF FITNESS RETENTION INCENTIVE X 50000 15000 0 1 1 15000 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS APPROVE CERTAIN DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B THE CLUB DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT. ONLY THE GOVERNING BODY HAS AUTHORITY TO ACT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, PRESIDENT, TREASURER AND GENERAL MANAGER, WHO PRESENT THE TAX RETURN TO THE EXECUTIVE BOARD MEMBERS FOR THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB REQUESTS CONFLICTS OF INTEREST DOCUMENTATION ON AN ANNUAL BASIS AND REVIEWS RESULTS FOR ANY OMISSIONS OR DISCLOSURES THAT REQUIRE FURTHER ACTION BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION IS A PRIVATE CLUB, ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVALIABLE TO THE PUBLIC. THESE DOCUMENTS ARE AVALIABLE TO THE PRIVATE CLUB MEMBERS AT THEIR REQUEST. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES OVER THE PRIOR YEAR. SPRING ISLAND TRUST 174 CALLAWASSIE DR OKATIE SC 29909 570905093 SC 501(C)(3) LINE 10 0 SPRING ISLAND PROPERTY OWNERS ASSOCIATION 174 CALLAWASSIE DR OKATIE SC 29909 570905361 PROPERTY OWNER ASSOCIATION SC C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SPRING ISLAND PROPERTY OWNERS ASSOCIATION N 0 SPRING ISLAND PROPERTY OWNERS ASSOCIATION O 390292