2024-03-25T11:32:53-05:00 2022-10-31 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2021-11-01 650139537 ESTERO COUNTRY CLUB INC ESTE 2392677000 19501 VINTAGE TRACE CIRCLE VILLAGE OF ESTERO FL 33967 MARK BONNER TREASURER 2392677000 2024-03-25 1 MARK BONNER 999009999 NATHAN A PHILLIPS CPA P00189856 2395661600 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARK BONNER 19501 VINTAGE TRACE CIRCLE VILLAGE OF ESTERO FL 33967 6694174 0 X WWW.ESTEROCC.COM X 1989 FL ESTERO COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 9 9 132 50 537398 0 0 0 4473019 4908212 20774 -77422 624415 -1597530 5118208 3233260 0 0 0 0 3027072 986905 0 0 0 3023444 3740779 6050516 4727684 -932308 -1494424 18084664 21374116 6022923 8738217 12061741 12635899 ESTERO COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 4128871 5694407 THE CLUB HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 10/31/22 WAS APPROXIMATELY 43,609, OF WHICH APPROXIMATELY 5,791 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 10/31/22 WAS $1,252,798, OF WHICH $71,056 WAS NON-MEMBER RELATED. 4128871 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 33 0 132 1 1 1 0 0 0 1 1 0 481791 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 FL X DAN NEWMAN DIRECTOR OF FINANCE 2392677000 19501 VINTAGE TRACE CIRCLE VILLAGE OF ESTERO FL 33967 X CLAIRE COMSTOCK PRESIDENT 5.00 X X 0 0 0 MARK BONNER TREASURER 5.00 X X 0 0 0 KAREN ADAIR SECRETARY 5.00 X X 0 0 0 BETH WARDLAW DIRECTOR 5.00 X 0 0 0 REGINE CORRADO DIRECTOR 5.00 X 0 0 0 STEVEN SCHEIBLE DIRECTOR 5.00 X 0 0 0 TOM SPAETH DIRECTOR 5.00 X 0 0 0 ARTHUR CAMIOLO VICE PRESIDENT 5.00 X X 0 0 0 BRUCE ACKERMAN DIRECTOR 5.00 X 0 0 0 JOSEPH IAFE GENERAL MANAGER 40.00 X 207019 0 8796 DAN NEWMAN DIRECTOR OF FINANCE 40.00 X 145977 0 4074 BEN PITTMAN HEAD GOLF PROFESSIONAL 40.00 X 113534 0 18921 MEG STEPANIAN MEMBERSHIP DIRECTOR 40.00 X 114597 0 2729 MARK THOMAS DIRECTOR GOLF MAINTENANCE 40.00 X 124389 0 15169 705516 0 49689 5 0 1 0 HEATHERWOOD CONSTRUCTION COMPANY 8880 TERRENCE CT 101 BONITA SPRINGS FL 34135 CONSTRUCTION 2120296 STAHLMAN-ENGLAND IRRIGATION 2063 TRADE CENTER WAY NAPLES FL 34109 IRRIGATION 310365 TECH SAVVY OF SWFL 25270 BERNWOOD DR 2 BONITA SPRINGS FL 34135 IT 145958 3 MEMBERSHIP DUES 713910 3729993 3729993 GOLF CARTS, LOCKERS, ETC. 713910 861947 688217 173730 GREENS FEES 713910 307332 100290 207042 RACQUETS 713910 8940 8940 4908212 77422 -77422 -77422 -77422 1708253 3383492 -1675239 -1831865 156626 OTHER INCOME 713910 40390 40390 FOOD AND BEVERAGE MINIMUM 713910 37319 37319 77709 3233260 2695862 537398 0 446479 29601 256000 254825 10932 28907 26244 105770 1131362 235589 GOLF COURSE MAINTENANCE 960069 FOOD AND BEVERAGE 340433 HOUSEKEEPING 246306 ADMINISTRATIVE AND GENE 202338 452829 4727684 52032 45590 2029291 1612559 585140 2845149 214938 375879 97447 94713 25677123 10052135 10370351 15624988 4735465 775238 18084664 21374116 361041 739213 3320084 3639223 1330282 4359781 1011516 0 6022923 8738217 X 12061741 12635899 12061741 12635899 18084664 21374116 X -1494424 2068582 X 0 1 X 1 0 3555945 3555945 17360954 7588747 9772207 4760224 2463388 2296836 15624988 X 6694174 3460914 3460914 3233260 0 3233260 8188598 3460914 3460914 4727684 0 4727684 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,383,492. LOSS ON SALE OF FIXED ASSETS 77,422. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,383,492. LOSS ON SALE OF FIXED ASSETS 77,422. X X 0 0 0 JOSEPH IAFE GENERAL MANAGER 184764 0 0 0 22255 0 5598 0 3198 0 215815 0 0 0 DAN NEWMAN DIRECTOR OF FINANCE 137617 0 1750 0 6610 0 4074 0 0 0 150051 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLD, SILVER, SENIOR, AND 2-YEAR WIDOW DOWNGRADE GOLF EQUITY MEMBERS, SPORT EQUITY MEMBERS, AND SOCIAL EQUITY MEMBERS. GOLD, SILVER, SENIOR, AND 2-YEAR WIDOW DOWNGRADE GOLF EQUITY MEMBERS RECEIVE 4 VOTES, SPORT EQUITY MEMBERS RECEIVE 2 VOTES, AND SOCIAL EQUITY MEMBERS RECEIVE 1 VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO MEMBERSHIP APPROVAL: 1 - CHANGES TO THE NUMBER OF GOLF EQUITY MEMBERS, SPORT EQUITY MEMBERS, OR SOCIAL EQUITY MEMBERS. 2 - CHANGES TO THE RIGHTS OF LESSEES OF AN OWNERS' COMMUNITY UNIT TO BE DESIGNATED TO USE THE CLUB FACILITIES. 3 - CHANGES TO THE RESTRICTIONS OR LIMITATION ON ASSESSMENT OF MEMBERSHIPS FOR DUES, CHARGES AND ASSESSMENTS OR ON THE USE OF PRIVATELY OWNED GOLF CARTS. 4 - CHANGES TO THE RIGHTS OF GUESTS OF MEMBERS TO USE THE CLUB FACILITIES. 5 - CHANGES TO THE RIGHTS OF OWNERS OF UNITS IN THE COMMUNITY WHO ARE MEMBERS TO ARRANGE FOR THE CLUB TO REISSUE THEIR RESIGNED MEMBERSHIPS TO THEIR SUBSEQUENT PURCHASERS. 6 - CHANGES TO THE ELIGIBILITY TO ACQUIRE MEMBERSHIPS. 7 - CHANGES TO BYLAWS, ARTICLE XXI, SECTION 2. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER, GENERAL MANAGER AND TREASURER REVIEW FORM 990, IN ITS ENTIRETY, AND DISCUSS WITH ITS OUTSIDE CPA PREPARERS PRIOR TO FILING OF THE FORM AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICTS TO THE GENERAL MANAGER. THE GENERAL MANAGER MUST REPORT ANY CONFLICTS TO THE PRESIDENT. IN ADDITION, INDEPENDENCE, CONFLICTS, AND CONFIDENTIALITY ARE DISCUSSED ON A REGULAR BASIS AT BOARD MEETINGS AND STAFF MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, EACH EMPLOYEE, INCLUDING THE GENERAL MANAGER, TOP MANAGEMENT, AND KEY EMPLOYEES HAVE THEIR COMPENSATION REVIEWED. THE GENERAL MANAGER PROVIDES THE PRESIDENT AND TREASURER WITH THE PROPOSED COMPENSATION ADJUSTMENTS FOR EACH EMPLOYEE. THE STARTING POINT IS INDEPENDENT, COMPARABLE DATA FOR THE PARTICULAR POSITION AND THEN ADJUSTED BASED ON PERFORMANCE OVER THE PAST YEAR. THE PRESIDENT AND TREASRUER USE THE SAME PROCEDURE AND INDEPENDENT DATA TO DETERMINE THE GENERAL MANAGER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH INSPECTION AT THE CLUB. THE GOVERNING DOCUMENTS ARE ALSO MADE AVAILABLE TO THE MEMBERS THROUGH THE CLUB'S WEBSITE. FORM 990, PART XI, LINE 9: MEMBERSHIP TRANSFERS AND OTHER MEMBERSHIP ACTIVITY, NET 456,100. CAPITAL IMPROVEMENT ASSESSMENT 887,741. CLUBHOUSE RENOVATION ASSESSMENT 724,741. RETURNS WERE FILED PURSUANT TO HURRICANE IDALIA RELIEF (IR-2023-159). CONSEQUENTLY, THE 990 WAS ATTEMPTED TO HAVE BEEN FILED BEFORE THE FEBRUARY 15, 2024 DEADLINE WITH FEDERAL FORM 990-T. DUE TO THE IRS SYSTEM UPGRADES PER IR-2024-15. ELECTRONIC FILING OF THIS RETURN WAS NOT AVAILABLE AND WE ATTEMPTED TO PAPER FILE. THE PAPER RETURN WAS REJECTED WITH NOTICE LTR2694C AND FORM 990 WAS THEN ELECTRONICALLY FILED WHEN THE E-FILE SYSTEM WAS AVAILABLE IN MARCH 2024.