2024-01-15T09:42:05-06:00 2023-02-28 751056027 CONDLEY AND COMPANY LLP PO BOX 2993 ABILENE TX 796042993 990 2022-03-01 750101320 ABILENE COUNTRY CLUB ABIL 3256922583 4039 SOUTH TREADAWAY ABILENE TX 79602 STACY WATSON COO/GM 3256922583 2024-01-15 1 STACY WATSON 999009999 0 GAYE DAVIS CPA P00277460 3256776251 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STACY WATSON 4039 SOUTH TREADAWAY ABILENE TX 79602 12525604 0 X WWW.ABILENECOUNTRYCLUB.COM X 1922 TX THE PURPOSE TO BE SERVED BY THE CLUB IS THAT OF A SOCIAL ORGANIZATION. THE CLUB SHALL OWN, OPERATE, AND MAINTAIN A CLUB HOUSE WITH DINING FACILITIES, FITNESS ROOMS, GOLF COURSES, TENNIS COURTS, RACQUETBALL COURTS, AND SWIMMING POOLS. 1184 1184 370 0 119661 0 0 0 7249156 8199753 0 0 1679161 2010993 8928317 10210746 0 0 0 0 4209016 4917780 0 0 0 4405262 4152796 8614278 9070576 314039 1140170 11257096 13847309 922677 2372820 10334419 11474489 THE PURPOSE TO BE SERVED BY THE CLUB IS THAT OF A SOCIAL ORGANIZATION. THE CLUB SHALL OWN, OPERATE, AND MAINTAIN A CLUB HOUSE WITH DINING FACILITIES, FITNESS ROOMS, GOLF COURSES, TENNIS COURTS, RACQUETBALL COURTS, AND SWIMMING POOLS. 0 0 THE CLUB SERVED APPROXIMATELY 135,273 PATRONS AT OUR 10 DIFFERENT FOOD AND BEVERAGE VENUES OVER 363 AVAILABLE DAYS. THE CLUB REPORTED 42,852 ROUNDS OF GOLF PLAY OVER 359 AVAILABLE DAYS. THE CLUB REPORTED 10,318 POOL ENTRIES OVER 92 DAYS, 12,952 TENNIS COURT ENTRIES OVER 362 DAYS, AND 9,421 FITNESS ROOM ENTRIES OVER 363 DAYS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 11 0 1 370 1 1 1 0 0 0 0 50215 187370 0 0 0 X 1184 1184 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE CLUB COO 3256922583 4039 SOUTH TREADAWAY ABILENE TX 79602 ASHTON ANDERSON DIRECTOR 1.00 X 0 0 0 DOTTIE PRESTON DIRECTOR 1.00 X 0 0 0 MIKE WOLVERTON DIRECTOR 1.00 X 0 0 0 CHRIS PROCTOR DIRECTOR 1.00 X 0 0 0 JOHANNA WELTZIN DIRECTOR 1.00 X 0 0 0 BILL WOOD DIRECTOR 1.00 X 0 0 0 PAUL LOVELACE PRESIDENT 1.00 X X 0 0 0 KYLE MCVEY VICE PRESIDENT 1.00 X X 0 0 0 KEN SHIRA SECRETARY 1.00 X X 0 0 0 STACY WATSON COO 60.00 X 228663 0 0 BENNY MORENTIN DIRECTOR OF TENNIS 45.00 X 138438 0 0 JAMES TIDWELL JR DIRECTOR OF GOLF 45.00 X 163527 0 0 530628 0 0 3 0 1 0 0 MEMBERSHIP DUES & ASSESSMENTS 900099 6384751 6384751 OTHER GOLF INCOME 713910 888608 888608 GOLF CART RENTALS 713910 360102 360102 GREEN FEES 713910 212870 212870 MOTORIZED TRAIL FEE 713910 205575 205575 147847 147847 8199753 4234132 2314858 1919274 1799613 119661 LATE CHARGES 713910 36738 36738 OTHER INCOME 713910 28837 28837 NON-OPERATING INCOME 713910 26135 26135 9 9 91719 10210746 10091085 119661 0 X 246565 3837212 419872 414131 280 27139 406555 20565 46865 3112 752279 317132 UTILITIES AND SUBSCRIPT 482876 REPAIRS & MAINTENANCE 423942 TOURNAMENT EXPENSE 413691 BEAUTIFICATION 266658 991702 9070576 837121 1250818 502152 627287 284141 410302 40393 32019 26521162 15475935 9593289 11045227 0 481656 11257096 13847309 685803 1068545 226478 190263 10396 631913 0 482099 922677 2372820 X 10334419 11474489 10334419 11474489 11257096 13847309 X 1140170 -100 X X 0 1 X 1 0 58627 58627 15223007 7072103 8150904 4242733 3172036 1070697 5756629 4235788 1520841 1240166 996008 244158 11045227 OPERATING LEASE LIABILITIES 467028 FINANCE LEASE LIABILITIES 15071 482099 X 12525604 0 12525604 -2314858 -2314858 10210746 11385434 2314858 2314858 9070576 0 9070576 PART X, LINE 2: MANAGEMENT EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT THE CLUB HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO FINANCIAL STATEMENTS AND THEREFORE NO ADJUSTMENTS HAVE BEEN INCLUDED IN THE FINANCIAL STATEMENTS FOR 2023 OR 2022. WITH FEW EXCEPTIONS, THE CLUB IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FOLLOWING THE MOST RECENT TAX FILING. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED ON STATEMENT OF REVENUE -2,314,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED ON STATEMENT OF REVENUE 2,314,858. X X X 0 0 0 STACY WATSON COO 228663 0 0 0 0 0 0 0 0 0 228663 0 0 0 JAMES TIDWELL JR DIRECTOR OF GOLF 163527 0 0 0 0 0 0 0 0 0 163527 0 0 0 KYLE MCVEY THE CREDITOR'S CHIEF ACCOUNTING OFFICER IS THE VP ON THE BOARD 631913 A LINE OF CREDIT 0 FORM 990, PART VI, SECTION A, LINE 6 ALL FULL GOLF MEMBERS HAVE THE SAME VOTING RIGHTS. CLUB MEMBERS THAT ARE ONLY TENNIS AND SOCIAL MEMBERS DO NOT HAVE VOTING RIGHTS DUE TO THEIR LIMITED MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ALL FULL GOLF MEMBERS AND STOCKHOLDERS HAVE THE SAME VOTING RIGHTS. THERE ARE NO PREFERENTIAL VOTING RIGHTS FOR ELECTIONS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS FORM 990 LINE BY LNE AND PRESENTS SUMMARY TO ENTIRE BOARD FOR APPROVAL. MEMBERS OF THE GOVERNING BOARD ARE OFFERED ACCESS TO THE FORM 990 UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS ARE REPORTED TO THE BOARD OF DIRECTORS IN MONTHLY MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 REGIONAL COMPENSATION INFORMATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST TO ALL MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST TO ALL MEMBERS. FORM 990, PART IX, LINE 24E TAXES AND LICENSES 200,796. EQUIPMENT RENTAL 170,430. ENTERTAINMENT 146,800. LAUNDRY/UNIFORMS 87,252. COMPUTER CONSULTING 65,525. NEW MEMBER PROMOTION 64,340. BEVERAGE TAX 60,314. GAS & OIL 58,817. PROFESSIONAL FEES 55,405. BULLETINS/ADVERTISING 54,671. BAD DEBTS 34,899. RANGE EXPENSE 17,545. RANDOM DRUG TESTING 5,618. MISCELLANEOUS -30,710. FORM 990, PART XI, LINE 9: CANCELLATION OF MEMBERSHIPS -100. FORM 990, PART XII, LINE 2C NO CHANGES HAVE BEEN MADE FROM PRIOR YEAR.