2024-11-15T08:17:15-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-01-01 221054130 LAKE MOHAWK GOLF CLUB LAKE 9737299200 471 WEST SHORE TRAIL SPARTA NJ 07871 THOMAS SMITH GENERAL MANAGER / COO 9737299200 2024-11-14 1 1 KERRI RAWCLIFFE P01398485 4016216200 2024-11-14 2023 2024-10-15 13:58:12Z THOMAS SMITH 471 WEST SHORE TRAIL SPARTA NJ 07871 3786049 0 X WWW.LAKEMOHAWKGOLFCLUB.COM X 1928 NJ THE PURPOSE AND OBJECTIVE OF THE CLUB IS TO PROVIDE GOLF FACILITIES AND SOCIAL ACTIVITIES TO ITS MEMBERS. 8 8 78 8 166022 6375 0 0 2286660 2518609 659 39526 115977 39649 2403296 2597784 0 0 0 0 945466 1126063 0 0 0 1222188 1357693 2167654 2483756 235642 114028 4096857 4135707 3928665 3857588 168192 278119 THE PURPOSE AND OBJECTIVE OF THE CLUB IS TO PROVIDE GOLF FACILITIES AND SOCIAL ACTIVITIES TO ITS MEMBERS. 0 0 THE CLUB PROVIDES GOLF FACILITIES AND SOCIAL ACTIVITIES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 9 0 1 78 1 1 1 0 0 0 0 89350 319875 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X LAKE MOHAWK GCTHE CLUB 9737299200 471 WEST SHORE TRAIL SPARTA NJ 07871 DANIEL KANE GOLF CHAIR 3.00 X 0 0 0 JAMES OLSON HOUSE CHAIRPERSON 3.00 X 0 0 0 BRANDON O'CONNELL GREENS & GOLF CO-CHAIR 3.00 X 0 0 0 CHARLES ROBERTS PRESIDENT 3.00 X X 0 0 0 JOSEPH MOSCHELLA VICE PRESIDENT/TREASURER 3.00 X X 0 0 0 PETER GOULD GREENS CHAIR 3.00 X 0 0 0 BETSY MURPHY SECRETARY/MARKETING & MEMBERSHIP 3.00 X X 0 0 0 THOMAS G SMITH GENERAL MANAGER / COO 40.00 X 156050 0 0 WILIAM HAYES GOLF PROFESSIONAL 40.00 X 103145 0 0 TIMOTHY BURTRUM GOLF COURSE SUPERINTENDENT 40.00 X 101304 0 0 BRIAN VAUGHAN CHEF 40.00 X 113743 0 0 RUTH RHODES AR/CONTROLLER 30.00 X 121322 0 0 595564 0 0 5 0 1 0 0 MEMBER DUES 713910 1322316 1322316 GOLF CART RENTALS 713910 270362 234569 35793 CAPITAL ASSESSTMENT 713910 230414 230414 MORTGAGE ASSESSMENT 713910 207159 207159 GREENS FEES 713910 206187 170337 35850 282171 282171 2518609 5698 5698 50000 32660 48832 0 1168 32660 33828 33828 1085918 1139433 -53515 -108368 54853 MISCELLANEOUS 713990 84175 84175 TOURNAMENT 713990 8989 8989 93164 2597784 2431762 166022 0 156050 779487 51429 139097 17011 122320 3838 103058 20761 340656 105 10536 239941 75899 CHEMICALS 125683 EQUIPMENT 80209 SUPPLIES 80114 REPAIRS AND MAINTENANCE 52179 85383 2483756 337525 382712 292354 243624 127833 148218 36235 39690 8658434 5657904 2935021 3000530 322009 283580 45880 37353 4096857 4135707 243081 252604 2901076 2815628 784508 789356 3928665 3857588 X 168192 278119 168192 278119 4096857 4135707 X 114028 -4101 X X 1 X 0 1 0 100426 100426 5246840 3453461 1793379 3311168 2204443 1106725 3000530 DEFERRED CERTIFICATES PAYABLE 785868 UNREALIZED GAIN 3488 789356 X PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE 2020 TAX YEAR. X X 0 0 0 THOMAS G SMITH GENERAL MANAGER / COO 156050 0 0 0 0 0 0 0 0 0 156050 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE LAKE MOHAWK GOLF CLUB WAS FORMED AS A MEMBERSHIP ORGANIZATION. MEMBERS SHALL BE DIVIDED INTO THE FOLLOWING CLASSES: ACTIVE, INTERMEDIATE, ASSOCIATE, WEEKDAY, GOLF-SOCIAL, SOCIAL, JUNIOR, SENIOR AND HONORARY. ONLY ACTIVE, INTERMEDIATE, WEEKDAY, AND SENIOR MEMBERS ARE ENTITLED TO VOTE. ALL MEMBERS MUST BE OVER 21 YEAR OF AGE EXCEPT ASSOCIATE AND JUNIOR MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE SENIOR, INTERMEDIATE, AND WEEKDAY MEMBERS IN GOOD STANDING ARE ENTITILED TO ATTEND AND VOTE AT MEETINGS OF THE FULL MEMBERSHIP AND MAY SERVE ON THE BOARD OF GOVERNORS. ONLY ACTIVE MEMBERS, WITH FULLY PAID PARTICIPATION CERTIFICATES MAY VOTE AND SERVE ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS THAT ARE SUBJECT TO APPROVAL BY MEMBERS ARE: 1) CHANGES TO THE CLUB BY-LAWS; 2) PURCHASE OR SALE OF REAL ESTATE; AND 3) LOANS SECURED BY MORTGAGE ON THE PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE CLUB'S FORM 990 IS REVIEWED BY THE TREASURER AND PRESIDENT BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C LAKE MOHAWK GOLF CLUB HAS IN PLACE A CONFLICT OF INTEREST POLICY. THIS POLICY APPLIES TO ALL BOARD MEMBERS AND OFFICERS OF THE CLUB. ANY POSSIBLE CONFLICT OF INTEREST SHALL BE DISCLOSED BY THE PERSON OR PERSONS CONCERNED. WHEN A CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD, THE INTERESTED PERSON(S) SHALL CALL IT TO THE ATTENTION OF THE BOARD AND SAID PERSON(S) SHALL NOT VOTE ON THE MATTER. IN ADDITION, THE PERSON(S) SHALL NOT PARTICIPATE IN THE FINAL DECISION OR RELATED DELIBERATION REGARDING THE MATTER UNDER CONSIDERATION. WHEN THERE IS A DOUBT AS TO WHETHER A CONFLICT EXISTS, THE MATTER SHALL BE RESOLVED BY VOTE OF THE BOARD OF TRUSTEES, EXCLUDING THE PERSON(S) CONCERNING WHOSE SITUATION THE DOUBT HAS ARISEN. THE FORMS ARE SIGNED ANNUALLY AFTER THE NEW BOARD IS ELECTED. THE OFFICAL MINUTES OF THE BOARD SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED AND THE INTERESTED PERSON(S) DID NOT PARTICIPATE IN THE FINAL DISCUSSION OR VOTE AND DID NOT VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE TOP MANAGEMENT COMPENSATION IS DETERMINED BASED ON THE CLUB'S OPERATING BUDGET, HISTORICAL INFORMATION AND WHAT THE CLUB CAN AFFORD TO PAY. SALARIES ARE REVIEWED ANNUALLY, THE OVERALL MANAGEMENT PAYROLL HAS BEEN REDUCED SEVERAL TIMES TO OPERATE WITHIN REVENUES THE CLUB HAS TO WORK WITH. EVERYONE ON THE CLUB'S BOARD OF DIRECTORS IS A VOLUNTEER AND RECEIVES NO COMPENSATION. THE PROCESS IS USED TO ESTABLISH THE MANAGEMENT STAFF'S COMPENSATION. THE YEAR IN WHICH THIS PROCESS WAS LAST UNDERTAKEN WAS 2021 WHEN THE GENERAL MANAGER/COO WAS HIRED. THE EXECUTIVE COMMITTEE APPROVED THE AGREEMENT AND THE APPROVAL WAS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN PROPRIETARY CERTIFICATES -4,101. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.