2024-04-29T15:33:11-05:00 2023-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-07-01 592011887 BEAR'S PAW COUNTRY CLUB INC BEAR 2399633175 2500 GOLDEN GATE PKWY NAPLES FL 341053299 SEAN P REDDING GM/COO 2399633175 2024-04-17 1 SEAN REDDING 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2024-04-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JANE SCHMITT 2500 GOLDEN GATE PKWY NAPLES FL 341053299 7614030 0 X WWW.BEARSPAWCC.ORG X 1980 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 92 9 436809 25379 191666 0 5137135 5521113 -6947 28403 1776609 1243372 7098463 6792888 0 0 0 0 3525392 3944353 0 0 0 3682101 4052427 7207493 7996780 -109030 -1203892 25017496 23402771 10034367 6741610 14983129 16661161 BEAR'S PAW COUNTRY CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 06/30/23 WAS APPROX. 31,133 OF WHICH APPROX 4,242 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,345,237 OF WHICH $189,861 WAS NON-MEMBER RELATED. 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 38 0 1 92 1 1 1 0 0 0 1 1 0 522043 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X TERRI CARSON CONTROLLER 2399633175 2500 GOLDEN GATE PARKWAY NAPLES FL 34105 JANE SCHMITT PRESIDENT 1.00 X X 0 0 0 ANTHONY HOUSE VICE PRESIDENT 1.00 X X 0 0 0 WILLIAM NORTON SECRETARY 1.00 X X 0 0 0 WILLIAM BROMLEY TREASURER 1.00 X X 0 0 0 JUDY HILTON BOARD MEMBER 1.00 X 0 0 0 LEIGH QUINN BOARD MEMBER 1.00 X 0 0 0 JUDGE PENNY CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 MARCYE GOUGH BOARD MEMBER 1.00 X 0 0 0 TERRI CARSON CONTROLLER 60.00 X 73843 0 8916 SEAN P REDDING GM/COO 50.00 X 273079 0 51521 COLEMAN TORGERSEN GOLF COURSE SUPERINTENDENT 50.00 X 145478 0 19495 WAYNE JARDIN HEAD GOLF PROFESSIONAL 50.00 X 150660 0 22862 MARIAN SANCHEZ SERVER 60.00 X 126203 0 16478 PAUL PALMER CHEF 40.00 X 127478 0 22825 VIVIANA ROMEO MEMBERSHIP & MARKETING DIRECTOR 40.00 X 107228 0 19803 1003969 0 161900 6 0 1 0 0 MEMBERSHIP DUES 713910 4770985 4770985 GREENS & CART FEES 713910 750128 484029 266099 5521113 29093 29093 10686 3848 6838 6838 6838 500 1190 -690 -690 -690 1756595 816104 940491 805712 134779 FITNESS CENTER 713910 97433 97433 INTEREST RATE SWAP AGREEMENT 713910 94516 94516 MISCELLANEOUS 713910 76890 76890 27204 27204 296043 6792888 6356769 436809 -690 X 3342088 412224 190041 261123 943598 185015 GOLF COURSE MAINTENANCE 907888 ADMINISTRATIVE & GENERA 372527 FOOD AND BEVERAGE 262988 ENERGY COST 242925 876363 7996780 4468409 2776133 569415 514978 240926 295437 148074 168212 26224941 6902836 19505327 19322105 85345 325906 25017496 23402771 857047 699459 9177320 6042151 10034367 6741610 X 14983129 16661161 14983129 16661161 25017496 23402771 X -1203892 2881924 X X 0 1 X 1 0 3457958 3457958 10612234 3247972 7364262 3484635 1066505 2418130 8670114 2588359 6081755 19322105 MILLION DOLLAR CHALLENGE 720000 LONG TERM DEBT 4927444 DOCK DEPOSITS 236950 CURRENT OPERATING LEASE LIABILITY 107003 LONG-TERM LEASE LIABILITY FOR OPERATING LEASES 50754 6042151 X 7612840 819952 819952 6792888 0 6792888 8816732 819952 819952 7996780 0 7996780 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 816,104. RENTAL EXPENSES 3,848. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 816,104. RENTAL EXPENSES 3,848. X X X X X X 0 0 0 SEAN P REDDING GM/COO 233079 0 35000 0 5000 0 13936 0 37585 0 324600 0 0 0 WAYNE JARDIN HEAD GOLF PROFESSIONAL 138674 0 11986 0 0 0 9157 0 13705 0 173522 0 0 0 COLEMAN TORGERSEN GOLF COURSE SUPERINTENDENT 132828 0 12650 0 0 0 8729 0 10766 0 164973 0 0 0 PAUL PALMER CHEF 118478 0 9000 0 0 0 872 0 21953 0 150303 0 0 0 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 THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GENERAL MEMBERS. ONLY GENERAL MEMBERS HAVE THE RIGHT TO VOTE ON ALL MATTERS BROUGHT TO THE MEMBERSHIP BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTORS DECISIONS SUBJECT TO MEMBERSHIP APPROVAL ARE CAPITAL ASSESMENTS IN EXCESS OF 10% OF DUES, GOLF COURSE OR BUILDING IMPROVEMENTS, AND OTHER MATTERS THEY FEEL NEEDED TO BE ADDRESSED TO THE GENERAL MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER AND CHIEF FINANCIAL OFFICER. THE TREASURER AND CHIEF FINANCIAL OFFICER REVIEW FORM 990 WITH ITS OUTSIDE CPA PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REVIEWING ALL CONTRACTS AND REQUIRING DISCLOSURE IF ANY CONFLICTS ARISE. ALL BOARD MEMBERS FILL OUT INDEPENDENCE AND CONFLICT FORMS FOR AUDIT. FORM 990, PART VI, SECTION B, LINE 15 GENERAL MANAGER, PRESIDENT, VICE PRESIDENT AND TREASURER REVIEW THE GENERAL MANAGER'S PROPOSAL FOR COMPENSATION INCREASES AND ANALYZE RESULTS VERSUS OBJECTIVES AND TARGETS SET FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH INSPECTION AT THE CLUB. FORM 990, PART IX, LINE 24E SECURITY 206,891. CLUBHOUSE 161,503. GOLF PROSHOP 147,503. HURRICANE EXPENSES 143,015. FITNESS CENTER 109,422. PROPERTY TAXES 108,029. FORM 990, PART XI, LINE 9: CAPITAL RESERVE ASSESSMENTS 1,021,724. ISSUANCE OF MEMBERSHIPS 1,860,200. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.