2024-11-15T11:05:33-06:00 2023-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2023-01-01 951959280 PALOS VERDES GOLF CLUB PALO 3103752533 3301 VIA CAMPESINA PALOS VERDES ESTATES CA 90274 ANDRE VUILLEUMIER TREASURER 3103752533 2024-11-15 1 0 MARK J HENNELLY P00982999 8186375000 2023 2024-10-15 13:58:12Z 3301 VIA CAMPESINA PALOS VERDES ESTATES CA 90274 18521448 0 X WWW.PVGC.COM X 1924 CA PRIVATE GOLF AND COUNTRY CLUB. TO OPERATE AND MAINTAIN A GOLF CLUB FOR MEMBERS AND PUBLIC ENJOYMENT IN COMPLIANCE WITH CONCESSION AGREEMENT WITH THE CITY OF PALOS VERDES ESTATES. 9 9 155 0 802831 326792 0 0 9833321 11370037 49125 345036 1512686 850662 11395132 12565735 0 0 0 0 3485682 4756910 0 0 0 6838901 6755457 10324583 11512367 1070549 1053368 25674082 27205903 2583545 3014532 23090537 24191371 PRIVATE GOLF AND COUNTRY CLUB. TO OPERATE AND MAINTAIN A GOLF CLUB FOR MEMBERS AND PUBLIC ENJOYMENT IN COMPLIANCE WITH CONCESSION AGREEMENT WITH THE CITY OF PALOS VERDES ESTATES. 0 0 PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 53 0 155 1 1 1 0 0 0 1 1 2108140 3515895 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X DAVID SCHREINER 3107917945 3301 VIA CAMPESINA PALOS VERDES ESTATES CA 90274 STEVE LOPES PRESIDENT 10.00 X X 0 0 0 ROGER YANG VICE PRESIDENT 5.00 X X 0 0 0 GEORGE FRANCISCO TREASURER 5.00 X X 0 0 0 CAROLBETH COZEN SECRETARY 5.00 X X 0 0 0 JOHN BARRY DIRECTOR 5.00 X 0 0 0 DAN FINNEGAN DIRECTOR 5.00 X 0 0 0 MIKE NINNIS DIRECTOR 5.00 X 0 0 0 PETER MORGAN DIRECTOR 5.00 X 0 0 0 CHAD TURNER DIRECTOR 5.00 X 0 0 0 DAVID STOCKE GENERAL MANAGER 40.00 X 349986 0 56642 BRIANNA ACOSTA-BADEL MEMBERSHIP DIRECTOR 40.00 X 157771 0 14749 JAMES GORMLEY DIR. OF GOLF 40.00 X 233891 0 30198 GARRETT YOKOYAMA EXECUTIVE CHEF 40.00 X 188309 0 41676 STEVEN MANRIQUEZ GOLF SUPERINTENDEN 40.00 X 191004 0 25217 DAVID SCHREINER CONTROLLER 40.00 X 156939 0 23873 1277900 0 192355 6 0 1 0 0 MEMBERSHIP DUES 713910 6760110 6760110 INITIATION FEES 713910 2108140 2108140 GREEN FEES 713910 914045 586565 327480 CAPITAL FUNDING FEE 713910 799135 799135 GOLF ACTIVITIES 713910 454270 412470 41800 334337 334337 11370037 345036 3325 341711 14500 5800 8700 8700 8700 6791875 5949913 841962 758822 83140 12565735 11762904 802831 0 X 406628 3146285 117508 828299 258190 1629024 182043 CITY FEES 1443239 UTILITIES 801947 OPERATING EXPENSES F&B 631329 OPERATING EXPENSES A&G 450319 1617556 11512367 3696184 164802 2594560 527015 615346 487972 517062 165047 497232 31129723 12905641 16113269 18224082 4684595 4592819 25674082 27205903 1243762 1658698 65000 142500 1274783 1213334 2583545 3014532 X 19155283 20425302 3935254 3766069 23090537 24191371 25674082 27205903 X 1053368 47455 -870 X 0 1 X 1 0 15952262 5772712 10179550 4896008 3101971 1794037 10281453 4030958 6250495 18224082 CLUB IMPROVEMENT FUND 4592819 4592819 MEMBER DEPOSITS 17500 OTHER DEPOSITS 1132083 CAPITAL LEASE 63751 1213334 X 18002145 5949913 5949913 12052232 515678 515678 12567910 16901322 5950783 5950783 10950539 563133 563133 11513672 PART X, LINE 2: THE CLUB HAS BEEN GRANTED EXEMPTION FROM FEDERAL AND CALIFORNIA TAXES ON INCOME AS A NONPROFIT CORPORATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(7) AND SECTION 23701G OF THE CALIFORNIA REVENUE AND TAXATION CODE. HOWEVER, THE TAX REFORM ACT OF 1969 PROVIDES FOR THE ASSESSMENT OF TAXES ON WHAT IS TERMED UNRELATED BUSINESS INCOME. THIS IS GENERALLY DEFINED TO REPRESENT SUCH FORMS OF UNRELATED INCOME AS INVESTMENT INCOME AND RENTAL INCOME. AS A TAX EXEMPT SOCIAL CLUB, THE CLUB IS LIMITED IN THE AMOUNT OF REVENUE THAT CAN BE GENERATED FROM NONMEMBER SOURCES. INCOME TAX ON UNRELATED BUSINESS INCOME IS PROVIDED FOR IN GENERAL AND ADMINISTRATIVE EXPENSES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CLUB RECOGNIZES TAX POSITIONS IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE CLUB BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE AS OF DECEMBER 31, 2023 AND 2022. AS OF DECEMBER 31, 2023, THE CLUB'S ANNUAL TAX FILINGS FOR THE PRIOR THREE AND FOUR YEARS ARE OPEN FOR AUDIT BY FEDERAL AND STATE TAX AGENCIES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,949,913. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 515,678. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,949,913. FUEL CREDIT 870. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 515,678. UNREALIZED GAIN/LOSS 47,455. X X X X 0 0 0 DAVID STOCKE GENERAL MANAGER 349986 0 0 0 0 0 10508 0 46134 0 406628 0 0 0 JAMES GORMLEY DIR. OF GOLF 219629 0 14262 0 0 0 8210 0 21988 0 264089 0 0 0 GARRETT YOKOYAMA EXECUTIVE CHEF 179686 0 8623 0 0 0 7833 0 33843 0 229985 0 0 0 STEVEN MANRIQUEZ GOLF SUPERINTENDEN 179274 0 11730 0 0 0 0 0 25217 0 216221 0 0 0 DAVID SCHREINER CONTROLLER 144543 0 12396 0 0 0 1630 0 22243 0 180812 0 0 0 BRIANNA ACOSTA-BADEL MEMBERSHIP DIRECTOR 89639 0 68132 0 0 0 6360 0 8389 0 172520 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE ORGANIZATION IS MEMBER-OWNED. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE MEMBERS ANNUALLY ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ASSESSMENTS AND ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE CLUB TREASURER REVIEWS FORM 990 AND 990-T PRIOR TO SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENSURES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH ANNUAL DISCLOSURE FORMS, WHICH ARE REVIEWED BY THE BOARD OF DIRECTORS. INDIVIDUALS WITH CONFLICTS RECUSE THEMSELVES FROM RELATED DECISIONS, AND PERIODIC TRAINING AND AUDITS ARE CONDUCTED TO REINFORCE THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCE COMMITTEE REVIEWS EXECUTIVE AND KEY EMPLOYEE COMPENSATION AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 24E OPERATING EXPENSES GOLF ACTIVI 388,867. REPAIR & MAINTENANCE 234,577. SUPPLIES 208,171. OUTSIDE SERVICES 189,164. OPERATING EXPENSES MEMBERSHIP 146,000. PROPERTY TAXES 131,375. LAUNDRY AND LINEN 105,146. CORPORATE TAXATION 78,521. OPERATING EXPENSES CLUBHOUSE 53,276. MISC EXPENSE 40,237. OPERATING EXPENSES LOCKER ROOM 16,918. SECURITY 10,395. PROFESSIONAL FEES 7,978. POSTAGE 3,797. PRINTING & STATIONARY 3,134. FORM 990, PART XI, LINE 9: FUEL TAX CREDIT' -870.