2024-02-14T12:00:59-06:00 2023-03-31 540737372 PBMARES LLP 300 N 3RD ST 5TH FLOOR WILMINGTON NC 28401 990 2022-04-01 562101396 VOR CLUB CORPORATION DBA RAINTREE COUNTRY CLUB VORC 7045428150 8600 RAINTREE LANE CHARLOTTE NC 28277 JAMES HERRING PRESIDENT 7045428150 2024-02-10 1 JAMES HERRING 999009999 1 EDWARD T YODER CPA P00239134 9107629671 2024-02-10 X 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES HERRING 8600 RAINTREE LANE CHARLOTTE NC 28277 9667843 0 X WW.RAINTREECOUNTRYCLUB.ORG X 1999 NC PRIATE CLUB THAT OFFERS RECREATIONAL FACILITIES AND SOCIAL ACTIVITIES FOR ITS MEMBERS AND THEIR GUESTS. 15 15 265 15 170147 0 0 0 6401886 6831301 5644 -45916 1089370 1331983 7496900 8117368 0 0 0 0 3207602 4605924 0 0 0 3684153 3584911 6891755 8190835 605145 -73467 8365754 9312006 5572397 5537754 2793357 3774252 X RAINTREE COUNTRY CLUB IS A PRIVATE, MEMBER-ORIENTED CLUB, DEDICATED TO MEETING THE SOCIAL, DINING, AND RECREATIONAL NEEDS OF ITS MEMBERS BY PROVIDING QUALITY PRODUCTS, FACILITIES, AND SERVICES IN A FISCALLY RESPONSIBLE MANNER. THE CLUB WILL ENDEAVOR TO MAINTAIN THE TRADITION OF A WIDE RANGE OF ACTIVITIES AND FACILITIES INCLUDING TWO OUTSTANDING GOLF COURSES AS WELL AS PROVIDING A FRIENDLY ATMOSPHERE AMONG MEMBERS, GUESTS AND STAFF. THE CLUB'S ELECTED AND APPOINTED GOVERNING BODIES AND MANAGEMENT STAFF ARE EXPECTED TO APPLY THE CLUB'S RESOURCES IN AN HONEST AND RESPONSIVE WAY TO FULFILL THE NEEDS OF CURRENT AND FUTURE MEMBERS. 0 0 8190835 RAINTREE COUNTRY CLUB PROVIDES FOOD AND BEVERAGES FOR ITS MEMBERS. TOTAL FOOD AND BEVERAGE SALES FOR THE YEAR ENDED 3/31/23 WAS $2,129,101, OF WHICH $99,008 WAS NON-MEMBER RELATED APPROXIMATELY 76,492 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 3/31/23. ALL ROUNDS WITH THE EXCEPTION OF 3,613, WERE MEMBER RELATED. 8190835 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 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 265 1 1 1 0 0 0 1 1 0 210496 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NC X MELISSA RODGERS 7045428150 8600 RAINTREE LANE CHARLOTTE NC 28277 JAY HERRING PRESIDENT 2.00 X X 0 0 0 LAURA SULLIVAN VICE PRESIDENT 2.00 X X 0 0 0 THOM GOEKEN TREASURER 2.00 X X 0 0 0 STUART HOGGE SECRETARY 2.00 X X 0 0 0 MATT ARNOLD BOARD MEMBER 1.00 X 0 0 0 KRISTEN BERNARD BOARD MEMBER 1.00 X 0 0 0 DAVID BOYCE BOARD MEMBER 1.00 X 0 0 0 KATIE EGGERS BOARD MEMBER 1.00 X 0 0 0 ZACH HALL BOARD MEMBER 1.00 X 0 0 0 KIM MARKS BOARD MEMBER 1.00 X 0 0 0 SHANE MCKIERNAN BOARD MEMBER 1.00 X 0 0 0 CRYSTAL ROWE BOARD MEMBER 1.00 X 0 0 0 VICKY SHANNON BOARD MEMBER 1.00 X 0 0 0 STEPHEN WINTERS BOARD MEMBER 1.00 X 0 0 0 RICHARD WOODCOCK BOARD MEMBER 1.00 X 0 0 0 MELISSA RODGERS CONTROLLER 40.00 X 83717 0 36658 JIM TROUTMAN GENERAL MANAGER 50.00 X 185750 0 34597 BRAD FELLRATH COURSE SUPERINTENDENT 50.00 X 168230 0 26550 437697 0 97805 2 0 1 0 0 MEMBERSHIP DUES 713910 5169697 5169697 GOLF 713910 1593518 1482030 111488 TENNIS 713910 45601 45601 POOL 713910 22485 22485 6831301 535 535 46451 -46451 -46451 -46451 2813826 1504024 1309802 1251678 58124 OTHER INCOME 713910 22181 22181 22181 8117368 7947221 170147 0 3920629 3920629 55649 55649 296135 296135 333511 333511 6254 6254 45444 45444 236373 236373 12656 12656 99957 99957 57841 57841 494073 494073 5717 5717 51155 51155 569824 569824 92115 92115 GOLF 642283 642283 REPAIRS & MAINTENANCE 302483 302483 SUPPLIES 280325 280325 RENTAL 272428 272428 415983 415983 8190835 8190835 0 0 970521 384918 1354607 465222 623945 498942 248704 318244 59727 129575 13522867 6434651 5073849 7088216 34401 426889 8365754 9312006 968275 966143 824293 810652 976679 975410 2803150 2785549 5572397 5537754 X 2793357 3774252 2793357 3774252 8365754 9312006 X -73467 1054362 X 0 1 X 1 0 150000 150000 7604471 3639198 3965273 3219666 2476313 743353 2548730 319140 2229590 7088216 LEASE LIABILITY 2785549 2785549 X 9621392 0 9621392 -1504024 -1504024 8117368 9711320 0 9711320 -1520485 -1520485 8190835 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE TAX REFORM ACT OF 1969 IMPOSED A CORPORATE INCOME TAX ON THE UNRELATED BUSINESS TAXABLE INCOME OF AN OTHERWISE TAX-EXEMPT CLUB. THE CLUB HAS EVALUATED TAX POSITIONS AND CONCLUDED THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THE INCOME TAX TOPIC OF THE FASB ASC. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,504,024. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,504,024. BAD DEBT EXPENSE -16,461. 0 0 0 JIM TROUTMAN GENERAL MANAGER 173250 0 12500 0 0 0 22162 0 12435 0 220347 0 0 0 BRAD FELLRATH COURSE SUPERINTENDENT 161496 0 6734 0 0 0 25904 0 646 0 194780 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE BOARD OF DIRECTORS SHALL EXERCISE ALL POWERS OF THE CORPORATION, AND DO ALL ACTS NECESSARY TO CARRY OUT THE PURPOSES OF THE CORPORATION. THE MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF RAINTREE COUNTRY CLUB MAY ELECT BOARD REPRESENTATIVES ONLY. THEY DO NOT VOTE ON ANYTHING ELSE. MEMBERS OF RAINTREE COUNTRY CLUB HAVE VOTING RIGHTS AS FOLLOWS: -FULL GOLF MEMBERS HAVE 1 VOTE - SENIOR MEMBERS HAVE 1 VOTE - SOCIAL MEMBERS HAVE 1/4 VOTE - SWIM/DINE MEMBERS HAVE 0 VOTING RIGHTS - RESIDENT/DINE MEMBERS HAVE 0 VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION INFORMS MEMBERS OF THE BOARD OF DIRECTORS THAT THE 990 HAS BEEN FILED AND CAN BE REVIEWED UPON REQUEST BY ANY BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. COMPLIANCE IS MONITORED THROUGH MONTHLY BOARD MEETINGS THAT FOLLOW ROBERTS RULE OF ORDER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE GENERAL MANAGER'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AT ANNUAL MEMBERSHIP MEETINGS AND UPON REQUEST BY THE PUBLIC FOR THE PERIOD OF DISCLOSURE AS REQUIRED BY LAW. FORM 990, PART XI, LINE 9: MEMBER DEPOSITS ACTIVITY, NET 14,400. INITIATION FEES 597,600. CAPITAL IMPROVMENT FUND ASSESSMENT PHASE 458,823. BAD DEBT EXPENSE -16,461.