2024-04-13T08:14:26-05:00 2023-05-31 721396621 CARR RIGGS & INGRAM PLLC PO BOX 1547 NEW BERN NC 28563 990 2022-06-01 560581092 NEW BERN GOLF & COUNTRY CLUB INC NEWB 2526374061 4301 COUNTRY CLUB ROAD NEW BERN NC 28562 CRAIG HOLTON PRESIDENT 2526374061 2024-04-09 1 CRAIG HOLTON 999009999 0 WILLIAM O AUSTIN CPA P00620584 2526335821 2024-04-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRAIG HOLTON 4301 COUNTRY CLUB ROAD NEW BERN NC 28562 4923206 0 X NBGCC.COM X 1943 NC TO PROVIDE DINING & RECREATION FOR MEMBERS. 9 9 160 0 115612 0 0 0 3264500 3458878 -3439 0 968658 688693 4229719 4147571 0 0 0 0 2020238 2239877 0 0 0 1752108 1970439 3772346 4210316 457373 -62745 7728993 7579111 3037272 2950335 4691721 4628776 TO PROVIDE DINING & RECREATION FOR MEMBERS. 0 0 THE CLUB PROVIDES FOOD, BEVERAGE, GOLF, TENNIS, AND FITNESS FACILITIES AND SERVICES TO APPROXIMATELY 700 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 160 1 1 1 0 0 0 1 1 389760 183256 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 X THERESA MUELLER 2526374061 4301 COUNTRY CLUB RD NEW BERN NC 28562 CRAIG HOLTON PRESIDENT 2.00 X X 0 0 0 SHARON MAXEY SECRETARY 2.00 X X 0 0 0 PARKER O'DANIEL TREASURER 2.00 X X 0 0 0 MARK HARTMAN DIRECTOR 2.00 X 0 0 0 PATRICK MCKEE DIRECTOR 2.00 X 0 0 0 JOHN MITCHELL JR DIRECTOR 2.00 X 0 0 0 WENDY STALLINGS DIRECTOR 2.00 X 0 0 0 DAVID WANG VICE PRESIDENT 2.00 X X 0 0 0 WILLIAM FAULKENBERRY DIRECTOR 2.00 X 0 0 0 DAN ARGENTIERI GENERAL MANAGER 40.00 X 115000 0 18690 115000 0 18690 1 0 0 0 0 DUES AND ASSESSMENTS 713910 3163884 3163884 PRO SHOP 713910 242572 191422 51150 TENNIS, POOL & FITNESS 713910 52422 48022 4400 3458878 1464328 775635 688693 628631 60062 4147571 4031959 115612 0 134240 1628824 18655 298662 159496 591292 63830 413755 67097 SUPPLIES 526564 OTHER EXPENSES 272397 LEASES 35504 4210316 609361 364080 365252 402176 80449 59569 67169 39423 12701388 6163887 6599395 6537501 7367 5311 0 171051 7728993 7579111 232328 228684 244484 266885 2269206 2087726 291254 367040 3037272 2950335 X 4691721 4628776 4691721 4628776 7728993 7579111 X -62745 -200 X X 1 X 0 1 0 579157 579157 5961633 3550812 2410821 2597408 1672959 924449 3563190 940116 2623074 6537501 FINANCE LEASE PAYABLE 201482 OPERATING LEASE LIABILITY 165558 367040 X PART X, LINE 2: THE CLUB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF MAY 31, 2023, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED EACH YEAR AT THE ANNUAL MEMBERS' MEETING BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MAY VOTE TO REMOVE THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE TREASURER, WHO ALSO MEETS WITH THE ENTIRE BOARD TO REVIEW THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB HAS A CONFLICT OF INTEREST POLICY. THE POLICY DEFINES A CONFLICT OF INTEREST AS A SITUATION WHERE AN "INTERESTED PERSON" HAS AN OWNERSHIP OR INVESTMENT INTEREST IN AN ENTITY WITH WHICH THE CLUB HAS A TRANSACTION OR ARRANGEMENT; OR, A COMPENSATION ARRANGEMENT WITH AN ENTITY WITH WHICH THE CLUB HAS A TRANSACTION OR ARRANGEMENT; OR, A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST OR COMPENSATION ARRANGEMENT WITH AN ENTITY WITH WHICH THE CLUB IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON IS DEFINED AS A DIRECTOR, MEMBER OF ANY COMMITTEE WITH BOARD DELEGATED POWERS, OR OFFICER OF THE CLUB. THE POLICY REQUIRES THE IMMEDIATE AND FULL DISCLOSURE OF ANY FINANCIAL INTEREST DESCRIBED ABOVE IN WRITING TO THE BOARD. SUCH DISCLOSURE SHALL BE MADE A MATTER OF RECORD. THE BOARD, WITH THE INTERESTED PERSON ABSENT, SHALL DISCUSS THE SITUATION AND DETERMINE WHETHER THE DISCLOSED FINANCIAL INTEREST GIVES RISE TO A CONFLICT OF INTEREST. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, IT SHALL INFORM THE PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PERSON THE OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. THE BOARD WILL THEN CONSIDER THE FACTS AND TAKE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ESTABLISHES COMPENSATION FOR THE CLUB MANAGER. CLUBS IN EASTERN NORTH CAROLINA ARE CONTACTED TO SURVEY WAGE RATES FOR THE COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE AVAILABLE TO THE GENERAL PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: MEMBERSHIP CERTIFICATES ISSUED 1,700. MEMBERSHIP CERTIFICATES REDEEMED -1,900. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS RESPONSIBILITIES AND PROCESSES FOR OVERSIGHT OF THE COMPILATION AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR.