2024-11-12T14:05:51-06:00 2023-12-31 581433845 FRAZIER & DEETER LLC 1230 PEACHTREE STREET NE SUITE 1500 ATLANTA GA 30309 990 2023-01-01 272967414 AMELIA ISLAND EQUITY CLUB INC AMEL 9044321765 5 OCEAN CLUB DRIVE AMELIA ISLAND FL 32034 LOGAN QUATAERT CFO 9044321765 2024-11-12 1 1 JASON W NELSON P01426650 4042537500 2023 2024-10-15 13:58:12Z LOGAN QUATAERT 5 OCEAN CLUB DRIVE AMELIA ISLAND FL 32034 19325737 0 X WWW.AMELIAISLANDCLUB.COM X 2010 FL THE AMELIA ISLAND CLUB IS A PREMIER FAMILY ORIENTED PRIVATE CLUB THAT ENHANCES THE LIVES OF ITS DIVERSE MEMBERSHIP BY PROVIDING EXCEPTIONAL DINING, GOLF, TENNIS, AND OTHER RECREATIONAL AND SOCIAL EXPERIENCES FOR MEMBERS, THEIR FAMILIES AND GUESTS IN HARMONY WITH THE NATURAL SETTING OF AMELIA ISLAND. 9 9 250 75 510152 188351 0 0 12367558 14557958 232890 160331 1683510 1585877 14283958 16304166 0 0 0 0 6259067 7318753 0 0 0 7371993 8295643 13631060 15614396 652898 689770 33053657 34617915 10044759 8949731 23008898 25668184 X THE AMELIA ISLAND CLUB IS A PREMIER FAMILY ORIENTED PRIVATE CLUB THAT ENHANCES THE LIVES OF ITS DIVERSE MEMBERSHIP BY PROVIDING EXCEPTIONAL DINING, GOLF, TENNIS, AND OTHER RECREATIONAL AND SOCIAL EXPERIENCES FOR MEMBERS, THEIR FAMILIES AND GUESTS IN HARMONY WITH THE NATURAL SETTING OF AMELIA ISLAND. 0 0 PRIVATE SOCIAL CLUB PROVIDING GOLF, TENNIS, SWIMMING, AND DINING FACILITIES FOR THE BENEFIT OF THE MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 1 110 0 1 250 1 1 1 0 0 0 1 1 1969516 629084 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X LOGAN QUATAERT 9044321765 5 OCEAN CLUB DRIVE AMELIA ISLAND FL 32034 MATTHEW MILLAR PRESIDENT 10.00 X X 0 0 0 KATHY SMERAGLINOLO VICE PRESIDENT 5.00 X X 0 0 0 BILL DAVIS SECRETARY 5.00 X X 0 0 0 MIKE HASSELBERG TREASURER 5.00 X X 0 0 0 DON KYLE DIRECTOR 5.00 X 0 0 0 ALAN HERZOG DIRECTOR 5.00 X 0 0 0 JULIE HOLLAND DIRECTOR 5.00 X 0 0 0 JAMES HOCKER DIRECTOR 5.00 X 0 0 0 TED HISSEY DIRECTOR 5.00 X 0 0 0 DAVID SHEPLER GENERAL MANAGER 45.00 X 377206 0 22500 ROY QUATAERT CFO 45.00 X 198130 0 0 SEAN WOODS EXECUTIVE CHEF 45.00 X 192944 0 10000 ERNEST KIRKLAND GOLF SUPERINTENDENT 45.00 X 184358 0 0 SEAN RICE DIRECTOR OF GOLF 45.00 X 192111 0 0 KERI DRIGGERS DIRECTOR OF OCEAN CLUB 45.00 X 142076 0 0 CHRISTINA WALDEN EXECUTIVE DIRECTOR OF MEMBER SERVICES 45.00 X 129976 0 0 BARRY RICHARDSON HEAD GOLF PROFESSIONAL 45.00 X 106089 0 0 NOAH KIRKUS FACILITIES MANAGER 45.00 X 104225 0 0 1627115 0 32500 9 0 1 0 0 MEMBERSHIP DUES 713910 12499836 12499836 GOLF REVENUE 713910 2030806 1848047 182759 LATE FEES 713910 21206 21206 TENNIS REVENUE 713910 6110 6110 14557958 160331 160331 4550360 3021571 1528789 1387494 141295 MISCELLANEOUS INCOME 713910 57088 31321 25767 57088 16304166 15794014 510152 0 X 1659615 4871117 239705 548316 41995 53628 101411 26231 163848 275403 1722488 1447502 SUPPLIES 797030 UTILITIES 453035 REPAIRS & MAINTENANCE 351779 FITNESS & HEALTH FEES 329879 2531414 15614396 4882805 6044170 797144 2073289 1982543 2062691 390854 370687 331266 341185 32350548 8841838 24338652 23508710 330393 217183 33053657 34617915 1008837 1113198 1548893 1440152 7299874 6224607 187155 171774 10044759 8949731 X 23008898 25668184 23008898 25668184 33053657 34617915 X 689770 1969516 X 0 1 X 1 0 1480000 1480000 14961952 2847453 12114499 9985916 2782891 7203025 5699950 3211494 2488456 222730 222730 23508710 MEMBER REFUNDS 132319 EVENT DEPOSITS 39455 171774 19325737 0 19325737 -3021571 -3021571 16304166 18635967 0 18635967 -3021571 -3021571 15614396 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -3,021,571. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -3,021,571. X X 0 0 0 DAVID SHEPLER GENERAL MANAGER 291472 0 79734 0 6000 0 22500 0 0 0 399706 0 0 0 SEAN WOODS EXECUTIVE CHEF 177664 0 15280 0 0 0 10000 0 0 0 202944 0 0 0 ROY QUATAERT CFO 180048 0 18082 0 0 0 0 0 0 0 198130 0 0 0 SEAN RICE DIRECTOR OF GOLF 169759 0 15582 0 6770 0 0 0 0 0 192111 0 0 0 ERNEST KIRKLAND GOLF SUPERINTENDENT 158097 0 17861 0 8400 0 0 0 0 0 184358 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO MAJOR CLASSES OF MEMBERS, EQUITY MEMBERS AND NON-EQUITY MEMBERS. EQUITY MEMBERS SHALL MEAN MEMBERS WHO HAVE AN (I) AMELIA GOLF EQUITY MEMBERSHIP, (II) AMELIA TENNIS EQUITY MEMBERSHIP, (III) AMELIA SOCIAL EQUITY MEMBERSHIP, WHO ARE ENTITLED TO VOTE, HOLD OFFICE, AND SHARE IN LIQUIDATION PROCEEDS ARE DEEMED "EQUITY" MEMBERS. EQUITY MEMBERS MAY BE ELIGIBLE TO VOTE AT OFFICIAL CLUB MEETINGS AND ARE ENTITLED TO ONE (1) VOTE PER MEMBERSHIP. NO OTHER MEMBERS SHALL BE ELIGIBLE TO VOTE. TO BE ELIGIBLE TO VOTE, MEMBERS MUST BE CURRENT ON ALL DUES, ASSESSMENTS, CHARGES AND ANY OTHER OBLIGATIONS TO THE CLUB. MEMBERS WHO ARE NOT ENTITLED TO VOTE, HOLD OFFICE, OR SHARE IN LIQUIDATION PROCEEDS ARE DEEMED "NON-EQUITY" MEMBERS. NON-EQUITY MEMBERS ARE SUBJECT TO LIMITATIONS AND NOT SUBJECT TO ASSESSMENTS. IN THE EVENT OF A DISSOLUTION AND LIQUIDATION OF THE CLUB, EQUITY MEMBERS IN GOOD STANDING WILL BE ENTITLED TO RECEIVE A PRO RATA SHARE OF SUCH REMAINING ASSETS, BASED ON MEMBERSHIP CONTRIBUTION AMOUNTS, AS DETERMINED BY THE BOARD OF DIRECTORS. NON-EQUITY MEMBERS ARE NOT ENTITLED TO RECEIVE ANY PORTION OF THE CLUB'S REMAINING ASSETS IN THE EVENT OF DISSOLUTION AND LIQUIDATION OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNMENT AND GENERAL MANAGEMENT OF THE CLUB SHALL BE VESTED IN A BOARD OF DIRECTORS (HEREIN THE 'BOARD') CONSISTING OF NINE (9) ELECTED MEMBERS, WHICH WILL INCLUDE THE FOUR (4) OFFICERS OF THE CLUB, NAMELY: A PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER. THE FIRST BOARD UNDER THIS MEMBERSHIP PLAN AND BYLAWS CONSISTED OF THE BOARD OF DIRECTORS OF AMELIA ISLAND CLUB, INC. WITH THEIR REMAINING RESPECTIVE TERMS. ON FEBRUARY 4, 2011, THE FIRST ELECTION WAS HELD TO FILL THE THREE (3) VACANT BOARD POSITIONS AT THAT TIME. THEREAFTER, EACH MEMBER OF THE BOARD OF DIRECTORS WAS AND SHALL BE ELECTED FOR A THREE (3) YEAR TERM. NO MEMBER MAY RUN FOR A CONSECUTIVE THREE (3) YEAR TERM. EXCEPT AS OTHERWISE PROVIDED BY A RESOLUTION ADOPTED BY THE MEMBERS, THE TERM OF A NEWLY ELECTED DIRECTOR SHALL BEGIN AT THE CONCLUSION OF THE ANNUAL MEETING AT WHICH HIS OR HER ELECTION IS ANNOUNCED. OFFICERS SHALL EACH SERVE A ONE (1) YEAR TERM, WITH A LIMIT OF TWO CONSECUTIVE TERMS. THE BOARD SHALL HAVE THE AUTHORITY TO INVITE THE OUTGOING PRESIDENT AND ANY OTHER OUTGOING BOARD MEMBERS, ON A CASE BY CASE BASIS, TO PARTICIPATE AS AN EX-OFFICIAL NON-VOTING PARTICIPANT AT BOARD MEETINGS TO ASSIST IN AN ORDERLY TRANSITION. THE PARTICIPATION OF THE OUTGOING PRESIDENT, OUTGOING OTHER BOARD MEMBERS OR A REPRESENTATIVE OF THE RESORT OWNER SHALL BE AT THE SOLE DISCRETION OF THE BOARD AND FOR SUCH TIME PERIOD AS DETERMINED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE EQUITY MEMBERS HAVE THE RIGHT TO RATIFY AND VOTE ON SIGNIFICANT DECISIONS MADE BY THE BOARD MEMBERS. EXAMPLES OF THESE SIGNIFICANT DECISIONS COULD INCLUDE THE APPROVAL OF ANNUAL CAPITAL ASSESSMENTS IN EXCESS OF $500,000 AND APPROVAL OF ANNUAL OPERATING ASSESSMENTS THAT EXCEED FIFTEEN PERCENT (15%) OF A MEMBER'S ANNUAL DUES. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, FRAZIER & DEETER, LLC, THE FORM IS FIRST REVIEWED BY THE CFO AND GENERAL MANAGER FOR ACCURACY. THE FORM IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS AND THEN SIGNED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AT THE TIME OF DECISION MAKING. NO OFFICER OR BOARD MEMBER SHALL USE HIS OR HER POSITION FOR PERSONAL GAIN. SUCH ACTIVITY SHALL BE DEEMED A CONFLICT OF INTEREST AND SHALL BE A CAUSE FOR REMOVAL. FORM 990, PART VI, SECTION B, LINE 15 THERE IS AN ANNUAL PERFORMANCE REVIEW OF ALL MANAGEMENT. THE FINANCE COMMITTEE SHALL ADVISE AND ASSIST THE BOARD IN REVIEWING ANNUAL SALARIES OF THE GENERAL MANAGER AND OTHER EMPLOYEES AND RECOMMENDING APPROPRIATE SALARY ADJUSTMENTS. THE BOARD OF DIRECTORS MUST APPROVE THE GENERAL MANAGER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AND CAN BE REVIEWED AT THE CLUB. FORM 990, PART IX, LINE 24E REAL ESTATE TAXES 263,000. LANDSCAPING 249,058. EQUIPMENT RENTALS 248,075. RESORT EXPENSES 226,140. UNIFORMS & LINEN 192,685. MEMBER/GUEST EXPENSE 167,497. CONTRACT SERVICES 165,394. DUES & SUBSCRIPTIONS 149,475. ENTERTAINMENT 149,317. MISCELLANEOUS EXPENSE 129,000. PROFESSIONAL FEES 120,896. FUEL 70,634. COMMISSIONS 67,534. WORKERS COMPENSATION 65,959. EMPLOYEE TRAINING 35,449. TOURNAMENT EXPENSE 32,600. WASTE REMOVAL FEE 31,514. FLOWERS & DECORATIONS 28,373. CHINA, GLASS, & SILVERWARE 27,397. BANK CHARGES 17,678. MARKETING EXPENSE 16,447. HANDICAP EXPENSE 14,904. CONSULTING 13,698. POSTAGE & SHIPPING 11,223. BAD DEBT EXPENSE 10,116. PRINTING & PUBLICATIONS 9,322. VEHICLE EXPENSE 8,400. PERMITS & LICENSES 6,164. RECRUITING EXPENSE 2,051. SECURITY 1,414. FORM 990, PART XI, LINE 9: INITIATION FEES 1,969,516.