2024-10-15T16:39:59-05:00 2023-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-10-01 840166310 CHERRY HILLS COUNTRY CLUB CHER 3033505200 4125 S UNIVERSITY BLVD ENGLEWOOD CO 80113 BRADY O'DONNELL TREASURER 3033505200 2024-10-15 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2024-10-15 13:58:12Z BRADY O'DONNELL 4125 S UNIVERSITY BLVD ENGLEWOOD CO 80113 7569685 0 X WWW.CHCC.COM X 1922 CO TO MAINTAIN AN INCORPORATED NONPROFIT SOCIAL AND RECREATIONAL PRIVATE MEMBERSHIP CLUB, OPERATED EXCLUSIVELY FOR THE PLEASURE, RECREATION, AND ENJOYMENT OF ITS MEMBERS, NO PART OF THE NET EARNINGS OF WHICH INURE TO THE BENEFIT OF ANY MEMBER. 9 9 484 9 137725 11774 0 0 21000775 5160243 34058 13832 5748800 1538271 26783633 6712346 0 0 0 0 12255413 3055646 0 0 0 10694172 4137551 22949585 7193197 3834048 -480851 106803700 108960349 51325162 53962662 55478538 54997687 CHERRY HILLS COUNTRY CLUB (THE "CLUB") IS A PRIVATE, SOCIAL ATHLETIC CLUB WHICH IS ORGANIZED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. 0 0 TAX EXEMPT CLUB ACTIVITIES. 0 0 0 0 0 0 1 0 0 1 0 0 1 1 0 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 71 0 1 484 1 1 1 0 0 0 0 2463070 192467 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X X JOSH ROBBINS 3033505200 4125 S UNIVERSITY BLVD ENGLEWOOD CO 80113 M BRENT POWERS PRESIDENT 10.00 X X 0 0 0 JOHN A WOODWARD PRESIDENT-ELECT 10.00 X X 0 0 0 KIM J KOEHN PAST PRESIDENT 10.00 X X 0 0 0 TOM P SIMMONS SECRETARY 10.00 X X 0 0 0 BRADY O'DONNELL TREASURER 10.00 X X 0 0 0 ALLISON V PERKINS DIRECTOR 1.00 X 0 0 0 JOHN A HAYES DIRECTOR 1.00 X 0 0 0 JOHN FREY DIRECTOR 1.00 X 0 0 0 MATTHEW W MEAGHER DIRECTOR 1.00 X 0 0 0 JOSH ROBBINS CHIEF FINANCIAL OFFICER 40.00 X 211719 0 5985 LANCE SABELLA CHIEF OPERATING OFFICER 40.00 X 498603 0 27633 JOSHUA HESTER GROUNDS SUPERINTENDENT 40.00 X 338528 0 25426 RUBEN GARCIA DIRECTOR OF CULINARY 40.00 X 271810 0 18592 SHANE LEBARON GOLF PROFESSIONAL 40.00 X 181520 0 13573 ANDREW SHUCK HEAD GOLF PRO 40.00 X 484702 0 23951 CLINT COOK CLUBHOUSE MANAGER 40.00 X 199453 0 3518 MARSHALL CARPENTER DIRECTOR OF RACQUETS 40.00 X 173365 0 12934 2359700 0 131612 16 0 1 0 1 MEMBERSHIP DUES 713910 2697173 2697173 INITIATION FEES 713910 1638056 1638056 CAPITAL REPAIRS & REPLACEMENT FEE 713910 694245 694245 SPECIAL ASSESSMENTS 713910 130769 130769 5160243 13832 13832 21000 0 21000 21000 21000 2374610 857339 1517271 1414378 102893 6712346 6574621 137725 0 382721 2224026 50958 201953 195988 16820 94302 260826 7823 483434 380 530287 1385565 91575 OTHER SPORTS ACTIVITIES 914661 FOOD & BEV OPERATIONS 151494 LEASE EXPENSE 111537 CLUBHOUSE OPERATIONS 88847 7193197 1681834 958179 3184952 2408868 753337 595387 233997 123060 126214182 28839828 98707467 97374354 2242113 7500501 106803700 108960349 3974330 2488916 910159 1036598 44198560 42936647 2242113 7500501 51325162 53962662 X 55159167 54623075 319371 374612 55478538 54997687 106803700 108960349 -480851 0 X 0 1 X 1 0 X 0 6464571 6464571 85986401 28839828 57146573 22704051 22704051 11056076 11056076 3083 3083 97374354 ASSESSMENT RECEIVABLES 6767116 RIGHT OF USE ASSETS 733385 7500501 UNEARNED ASSESSMENT 6767116 OPERATING LEASE OBLIGATIONS 733385 7500501 7262411 857339 857339 6405072 307274 307274 6712346 7743262 857339 857339 6885923 307274 307274 7193197 PART III, LINE 1A: CLUB'S HISTORY, INCLUDING THAT OF ITS LEGACY MEMBERS AND HISTORICAL SIGNIFICANCE, ESPECIALLY IN THE FIELD OF GOLF IS FOUNDATIONAL TO THE CULTURE OF THE CLUB. THE ARTWORK, AND HERITAGE MEMORABILIA CONTRIBUTES TO THE MEMBER'S ENJOYMENT, AND HONORING OF THAT HISTORY. PART III, LINE 4: CLUB'S HISTORY, INCLUDING THAT OF ITS LEGACY MEMBERS AND HISTORICAL SIGNIFICANCE, ESPECIALLY IN THE FIELD OF GOLF IS FOUNDATIONAL TO THE CULTURE OF THE CLUB. THE ARTWORK, AND HERITAGE MEMORABILIA CONTRIBUTES TO THE MEMBER'S ENJOYMENT, AND HONORING OF THAT HISTORY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 857,339. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP OF SERVICE CHARGE 286,274. RENTAL INCOME 21,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 857,339. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP OF SERVICE CHARGE 286,274. RENTAL INCOME 21,000. X X X X X 1 0 0 LANCE SABELLA CHIEF OPERATING OFFICER 409484 0 81427 0 7692 0 11136 0 16497 0 526236 0 0 0 ANDREW SHUCK HEAD GOLF PRO 405577 0 74000 0 5125 0 8547 0 15404 0 508653 0 0 0 JOSHUA HESTER GROUNDS SUPERINTENDENT 250865 0 81663 0 6000 0 8929 0 16497 0 363954 0 0 0 RUBEN GARCIA DIRECTOR OF CULINARY 250654 0 21156 0 0 0 3872 0 14720 0 290402 0 0 0 JOSH ROBBINS CHIEF FINANCIAL OFFICER 190585 0 21134 0 0 0 0 0 5985 0 217704 0 0 0 CLINT COOK CLUBHOUSE MANAGER 170769 0 28684 0 0 0 0 0 3518 0 202971 0 0 0 SHANE LEBARON GOLF PROFESSIONAL 51327 0 1656 0 128537 0 7195 0 6378 0 195093 0 0 0 MARSHALL CARPENTER DIRECTOR OF RACQUETS 100231 0 21156 0 51978 0 6088 0 6846 0 186299 0 0 0 PART I, LINE 4A ANDREW SHUCK RECEIVED $128,077 SEVERANCE PAY. HIS TERMINATION DATE WAS 10/23/23. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CURRENT PRESIDENT, THE IMMEDIATE PAST PRESIDENT. THE PRESIDENT-ELECT, THE SECRETARY AND THE TREASURER OF THE CLUB IT MAY FORMULATE AND RECOMMEND OVERALL POLICIES AND BY-LAW CHANGES TO THE BOARD OF DIRECTORS REGARDING THE AFFAIRS OF THE CLUB THE COMMITTEE SHALL REVIEW THE PROPOSED BUDGETS SUBMITTED BY THE GENERAL MANAGER AND MAKE SUCH REVISIONS THEREIN AS IT DEEMS NECESSARY BEFORE RECOMMENDING FORMAL ADOPTION THEREOF TO THE BOARD OF DIRECTORS THE COMMITTEE SHALL HANDLE SUCH EMERGENCY OR OTHER MATTERS AS ARE DELEGATED TO THE COMMITTEE BY THE BOARD OR DIRECTORS FOR FINAL ACTION SUBJECT TO LATE RATIFICATION BY THE FULL BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE MAY ACT FOR THE BOARD IN EMERGENCY MATTERS WHERE IT IS NOT PRACTICAL OR FEASIBLE TO CONVENE A MEETING OF THE FULL BOARD ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ON THE BOARD OF DIRECTORS, EXCEPT THE IMMEDIATE PAST PRESIDENT FORM 990, PART VI, SECTION A, LINE 6 THE CHERRY HILLS COUNTRY CLUB (THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB HAS A STANDING NOMINATING COMMITTEE. THIS COMMITTEE PROPOSES THE NUMBER OF BOARD MEMBERS AS THERE ARE AVAILABLE SLOTS ON THE BOARD. THE BOARD APPROVES THE NOMINATIONS (WHICH ARE POSTED FOR REVIEW IN ADVANCE OF THE ANNUAL MEETING, SO THAT MEMBERS ELIGIBLE TO VOTE MAY REVIEW THE NOMINEES PRIOR TO THE VOTE HELD DURING THE ANNUAL MEETING. A GROUP OF 25 OR MORE MEMBERS MAY LIKEWISE NOMINATE ADDITIONAL OR ALTERNATIVE CANDIDATES AS WELL. VOTING OCCURS BY WRITTEN BALLOT; HOWEVER WRITTEN BALLOTS MAY BE WAIVED IF THERE ARE NO MORE CANDIDATES THAN VACANCIES, IN WHICH CASE, THE PRESIDENT CALLS FOR A VERBAL CONFIRMATION VOTE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B AS PER ARTICLE III SECTION 3. OF THE BYLAWS: THE FOLLOWING ACTIONS REQUIRE A MAJORITY VOTE OF THE MEMBERS ACTUALLY VOTING AT AN ANNUAL OR SPECIAL MEETING OF THE CLUB CALLED FOR SUCH PURPOSE: (A) TO MORTGAGE THE PROPERTY OF THE CLUB IN ANY AMOUNT (B) TO PURCHASE, SELL, EXCHANGE ANY ASSETS HAVING A PRICE OF $5,000,000 OR MORE, OR MAKE ANY NON-MAINTENANCE OR NON-REPLACEMENT RELATED CAPITAL EXPENDITURE OR ASSOCIATED CAPITAL EXPENDITURES TOTALING $5,000,000 OR MORE IN ANY 12-MONTH PERIOD WHICH $5,000,000 LIMIT SHALL BE INDEXED AND ADJUSTED ANNUALLY, TO BEGIN JANUAR1, 2024 USING THE OFFICIAL GOVERNMENT CONSUMER PRICE INDEX: PROVIDED, HOWEVER, THE PROVISIONS OF SECTIONS 3(A) AND (B) REQUIRING A MEMBERSHIP VOTE SHALL NOT APPLY TO PURCHASE OF ANY STRATEGIC REAL PROPERTY (AND ANY PROPERTY-SPECIFIC MORTGAGE OR OTHER FINANCING) SO LONG AS THERE IS TO BE NO ASSESSMENT OF THE MEMBERSHIP IN CONNECTION WITH SUCH PURCHASE. (C) TO ALTER THE CATEGORIES OF THE CLUB MEMBERSHIP OR CHANGE THE NUMBER OF MEMBERS PERMITTED IN ANY PARTICULAR CATEGORY OF MEMBERSHIP; AND (D) TO HOLD MORE THAN ONE MAJOR, NATIONAL PROFESSIONAL GOLF TOURNAMENT AT THE CLUB DURING ANY TEN-YEAR PERIOD. FORM 990, PART VI, SECTION B, LINE 11B CFO/CONTROLLER PERFORMS INITIAL DETAILED REVIEW OF DRAFT RETURN PRIOR TO FILING, AFTER WHEN CFO/CONTROLLER PROVIDES TO TREASURER AND GM/COO FOR REVIEW PRIOR TO SIGNING. RETURN IS ALSO PUBLISHED FOR BOARD OF DIRECTORS TO REVIEW, ON OR JUST PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB HAS A CONFLICT OF INTEREST POLICY FOR THE MEMBERS OF THE GOVERNING BODY COLLECTED BY THE CLUB'S ATTORNEY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 UPON INITIAL HIRING/PLACEMENT, GENERAL MANAGER'S COMPENSATION IS NEGOTIATED WITH THE GUIDANCE OF INDUSTRY-SPECIFIC BENCHMARKING DATA OF COMPARABLE CLUBS. FINAL OFFER IS DETERMINED BY THE EXECUTIVE COMMITTEE. MOUNTAIN STATES EMPLOYERS COUNCIL & CLUB BENCHMARKING IS UTILIZED AS AN AID IN SETTING COMPENSATION OF OTHER KEY EMPLOYEES. ROLE & INDUSTRY-SPECIFIC RECRUITERS ARE ALSO CONSULTED, IF UTILIZED. FORM 990, PART VI, SECTION C, LINE 19 ANNUALLY, AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO ENTIRE MEMBERSHIP IN ADVANCE OF THE ANNUAL MEETING EACH YEAR IN NOVEMBER. BYLAWS ARE ALSO PUBLISHED ANNUALLY, AND DISTRIBUTED TO MEMBERS ELECTRONICALLY ON THE PRIVATE MEMBER AREA OF THE CLUB'S WEBSITE, AS WELL AS IN HARD COPY AS REQUESTED. ADDITIONAL DOCUMENTS MAY BE REVIEWED BY THE MEMBERS UPON REQUEST TO THE BOARD OR AN OFFICER, DEPENDING ON THE DOCUMENTS REQUESTED.