2024-11-07T09:29:55+00:00 2023-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-01-01 560141970 Biltmore Forest Country Club Inc BILT 8282741261 31 Stuyvesant Road Asheville NC 28803 PAUL WARLICK JR President 2024-11-07 false true Amy Bibby P00445891 2024-11-07 2023 2024-10-15 13:58:12Z Paul Warlick Jr 31 Stuyvesant Road Asheville NC 28803 11589449 false X www.biltmoreforestcc.com X 1922 NC Biltmore Forest Country Club is a private country club which provides programs and facilities to serve the golf, tennis, athletic, social, and other lifestyle desires of its member families. The well-maintained facilities are an inviting setting for the recreational activities and social interaction of its members. 12 12 220 465698 133568 0 0 7310679 8392281 4878 120680 1668865 1878718 8984422 10391679 0 0 0 0 5699977 6840029 0 0 0 3958618 5212285 9658595 12052314 -674173 -1660635 32057783 38518926 7300549 12558344 24757234 25960582 The Biltmore Forest Country Club is a family oriented social organization with a rich history and long standing traditions. Its mission is to provide exceptional recreational and social experiences for the members, their families, and guests with quality services and facilities in a fiscally responsible manner. false false Golf programs - provided golf course for the recreation of members and their guests (24,617 rounds played) Food and beverage programs - provided restaurant facilities for a la carte dining and banquets for members and their guests (69,728 meals served) Fitness programs - provided fitness facilities and instruction for members and their guests (19,529 fitness center visits) 0 false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 44 0 true 220 true true true false false false false 88800 350324 false false false X 12 12 false true false false true true true true true false false false true true true true true true true false NC X Angela Powers 8283503275 31 Stuyvesant Road Asheville NC 28803 Anthony Adams Vice President 1.0 X X 0 0 0 Garza Baldwin III Secretary 1.0 X X 0 0 0 Kenneth Hughes President 1.0 X X 0 0 0 Max Cogburn Jr Secretary (Jan-Feb) 1.0 X X 0 0 0 Paul Warlick Jr President (Jan-Feb) 1.0 X X 0 0 0 T Jeff Covington IV Treasurer 1.0 X X 0 0 0 Chadwick Wood Governor 1.0 X 0 0 0 D Todd Blevins Governor 1.0 X 0 0 0 H Stephen Hodge Governor 1.0 X 0 0 0 Henry Garbee Jr Governor 1.0 X 0 0 0 James Hyler Jr Governor (Jan-Feb) 1.0 X 0 0 0 Jennifer Bock Governor 1.0 X 0 0 0 Jill Rose Governor 1.0 X 0 0 0 Michael Freeman Governor 1.0 X 0 0 0 Thomas Lynch Governor 1.0 X 0 0 0 Angela Powers Chief Financial Officer 40.0 X 155483 0 7773 Robert Nock COO/Assistance Secretary 40.0 X 289202 0 8502 Michael Heustis Golf Course Superintendent 40.0 X 259167 0 8602 Jonathan Rector Head Golf Professional 40.0 X 127061 0 8267 Thomas Hand Head Tennis Professional 40.0 X 116691 0 5435 947604 0 38579 7 false true false 0 0 Membership Dues & Initiation Fees 713910 6282638 6282638 Golf Operations & Tournaments 713910 1166983 1091032 75951 Room Rental Fees 713910 654931 627616 27315 Tennis & Fitness Fees 713910 193981 193981 Locker Rental & Shoe Shine 713910 78328 78328 15420 15420 0 0 8392281 144620 134119 10501 0 0 23940 0 -23940 -23940 -23940 2906799 1173830 1732969 1504656 228313 Other F&B Revenue 713910 109618 109618 Late Fees 713910 12748 12748 Miscellaneous Income 713910 23383 23383 0 0 0 0 145749 10391679 9939420 465698 -13439 703852 4688397 137451 863424 446905 110443 7538 27300 557158 260568 156102 682096 34682 13713 287836 1578194 177238 Supplies 1059821 Miscellaneous 111088 Equipment Lease 85548 Other Taxes 62960 0 12052314 908646 317047 1978309 4371208 708875 869193 0 0 0 235442 204996 121250 118327 33723 39304 47674822 15302410 28071538 32372412 0 0 0 226439 32057783 38518926 815457 1940630 0 5985413 9453663 499679 1164051 7300549 12558344 X 24757234 25960582 24757234 25960582 32057783 38518926 X -1660635 2863983 X false true X true false 424989 424989 26661417 6687219 19974198 5966550 2703279 3263271 14621866 5911912 8709954 32372412 Capital Lease Payable 937612 OPERATING LEASE LIABILITY 226439 1164051 X 14453432 4061753 4061753 10391679 0 0 10391679 13250084 0 0 13250084 -1197770 -1197770 12052314 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Club is exempt from federal and state income tax under Section 501(c)(7) of the Internal Revenue Code except for amounts representing unrelated business income and interest income. The Club's net unrelated business income resulted in federal and state income tax expense in the amount of $30,524 and $560 for the years ended December 31, 2023 and 2022, respectively. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Cost of Goods Sold - 1173830 Capital Assessments from New Members - 1467100 Capital Dues - 1048068 Assessment for Capital Project - 348815 Loss on Disposal of Fixed Assets - 23940 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Cost of Goods Sold - -1173830 Loss on Disposal of Fixed Assets - -23940 X X X false false false Robert Nock COO/Assistance Secretary 231762 0 49840 0 7600 0 0 0 8502 0 297704 0 0 0 Angela Powers Chief Financial Officer 145993 0 9390 0 100 0 0 0 7773 0 163256 0 0 0 Michael Heustis Golf Course Superintendent 227502 0 26665 0 5000 0 0 0 8602 0 267769 0 0 0 Form 990, Part VI, Line 3 Delegation of management duties Swim Club Management Group received $110,443 for swimming pool management. Form 990, Part VI, Line 6 Classes of members or stockholders The organization is a private social club whose candidates for membership shall be elected or excluded by the Board of Governors by ballot after having been recommended by the Membership Committee. the organization has stockholders who may also be club members. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Members on the active membership roster, whether Stockholders or not, paying dues as required by the ByLaws, shall have voting privileges. A Resident Membership entitles Resident Member to two votes. A Senior Membership, Spousal Membership, and Junior Membership entitles the Senior Member, Spousal Member, or Junior Member (as applicable) to one vote. A NonResident Membership is a nonvoting membership and the NonResident Member is not entitled to vote. However, a Stockholder who is a NonResident member is entitled to one vote. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Amendments to certain articles of the ByLaws shall not be amended, and no provision thereof rescinded, except by the affirmative vote of at least one-half of the Members holding stock in the Club, or a majority of all votes case, in compliance with Article VII, Section (f) of the Charter. Certain other articles of the ByLaws may be amended at any annual meeting of the members, or special meeting called for that purpose. Form 990, Part VI, Line 11b Review of form 990 by governing body The President of the Board of Governors reviews the Form 990 and all supporting schedules prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy Each Governor assigns and discloses any conflict of interest at the beginning of each term. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Club uses annual comparative data from the Club Managers Association of America, National Club Association, Master Club Advisors, and Club Benchmarking to monitor compensation levels for all staff members including top management positions. Form 990, Part VI, Line 19 Required documents available to the public The Club does not make its governing documents, conflicts of interest policy, and financial statements available to the public. Form 990, Part VIII, Line 2f Other Program Service Revenue Swim Fees - Total Revenue: 15420, Related or Exempt Function Revenue: 15420, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Capital Assessments from New Members - 1467100; Capital Dues - 1048068; Assessment for Capital Project - 348815;