2024-11-15T12:50:36-06:00 2023-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-01-01 592607344 JOHN'S ISLAND CLUB INC JOHN 7722311700 3 JOHNS ISLAND DR INDIAN RIVER SHORES FL 329633234 RICHARD DEWOLFE PRESIDENT 7722311700 2024-11-15 1 0 CHRISTOPHER CECIL P01877773 5616971785 2024-11-15 2023 2024-10-15 13:58:12Z DAVID COLCOUGH 3 JOHNS ISLAND DR INDIAN RIVER SHORES FL 329633234 59478880 0 X WWW.JOHNSISLANDCLUB.ORG X 1985 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 14 14 840 52 3400988 823270 0 0 33628353 38784051 -1434318 -80569 11555541 11971725 43749576 50675207 0 0 0 0 29661295 31258849 0 0 0 24883459 28121659 54544754 59380508 -10795178 -8705301 131164205 136773665 34459937 33022097 96704268 103751568 JOHN'S ISLAND CLUB 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 PROVIDES GOLF, TENNIS, BEACH, AND SOCIAL CLUB RECREATION TO APPROXIMATELY 1,392 MEMBERS. 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 86 0 1 840 1 1 1 0 0 0 1 1 0 3985091 0 1 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KATHY NELSON 7722311700 3 JOHNS ISLAND DR INDIAN RIVER SHORES FL 329633234 KYLE P LEGG PRESIDENT (THROUGH 3/23) 1.00 X X 0 0 0 FREDERICK C KENTZ III VICE PRESIDENT (THROUGH 3/23) 1.00 X X 0 0 0 LOUISE P HOBLITZELL DIRECTOR (THROUGH 3/23)/VICE PRESIDENT (AS OF 3/23 1.00 X X 0 0 0 JAMES J JOHNSON SECRETARY (THROUGH 3/23) 1.00 X X 0 0 0 JOSEPH B TYSON JR SECRETARY (AS OF 3/23) 1.00 X X 0 0 0 RICHARD D DEWOLFE PRESIDENT (AS OF 3/23) 1.00 X X 0 0 0 RIORDAN B SMITH TREASURER (AS OF 3/23) 1.00 X X 0 0 0 CHARLES W CRAMB TREASURER (THROUGH 3/23) 1.00 X X 0 0 0 KATHRYN L HARRIS VICE PRESIDENT 1.00 X X 0 0 0 TAYLOR B METCALFE VICE PRESIDENT (THROUGH 3/23) 1.00 X X 0 0 0 TERRY ELIZABETH NOLAN DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 VIRGINIA H KENT DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 THOMAS P JOYCE DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 GEORGIA Y DAVALA DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 ROBERT D WILLIAMS DIRECTOR 1.00 X 0 0 0 ALAN B LEAHEY DIRECTOR 1.00 X 0 0 0 STEPHEN T WILLIAMS DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 EMILY SHERWOOD DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 JULIA PARKER DIRECTOR (THROUGH 3/23) 1.00 X 0 0 0 LAWRENCE HATHAWAY DIRECTOR (THROUGH 3/23) 1.00 X 0 0 0 ROBERT MCLEAN DIRECTOR (THROUGH 3/23) 1.00 X 0 0 0 BRIAN KROH GENERAL MANAGER 67.00 X 1047497 0 51777 KATHY NELSON CFO 67.00 X 278100 0 50190 DAVID COLCLOUGH ASSISTANT GENERAL MANAGER 67.00 X 429822 0 55885 REX WILSON FACILITIES MANAGER 67.00 X 258145 0 44230 ANTHONY COLE EXECUTIVE CHEF 67.00 X 308289 0 27105 LENNART JONASON DIRECTOR OF TENNIS 67.00 X 374490 0 43395 STEVE HUDSON DIRECTOR OF GOLF 67.00 X 318994 0 61241 JAMES GERMANA GOLF COURSE SUPERINTENDENT 67.00 X 227164 0 18005 MICHAEL SCOTT GOLF COURSE MAINTENANCE DIRECTOR 67.00 X 454389 0 18401 3696890 0 370229 28 0 1 0 TEE OFF TEMPS - FELLSMERE PO BOX 7971 CAROL STREAM IL 601977971 LABOR SERVICES 905494 TIDELINE STAFF EAST PO BOX 823461 PHILADELPHIA PA 19182 LABOR SERVICES 513865 TRIGON TURF SCIENCES LLC PO BOX 25008 DEPT 5612 BRADENTON FL 34206 TURF TESTING 331834 19 MEMBERSHIP DUES 713910 32424581 32424581 GOLF REVENUE 713910 2806340 2596581 209759 FITNESS REVENUE 713910 2553415 2450408 103007 TENNIS REVENUE 713910 923815 824893 98922 FOOD/BEV MINIMUM 713910 75900 75900 38784051 714273 714273 1053951 1000251 53700 53700 53700 745534 1540376 -794842 -794842 99288 -894130 15304845 6263046 9041799 6919760 2122039 OPERATING ASSESSMENT 713910 1277710 1277710 INSURANCE PROCEEDS 713910 922425 922425 OTHER INCOME 713910 484129 484129 191962 191962 2876226 50675207 47245924 3400988 28295 24688695 952329 5617825 13218 8768720 NORTH, SOUTH, & WEST CO 5960939 REAL ESTATE TAXES & INS 3564745 FOOD & BEVERAGE 2653466 FITNESS CENTER 1585308 5575263 59380508 17856076 19780895 4067769 4793803 1285106 1347921 2254282 2697955 194623838 97488420 100004571 97135418 6016703 5696401 5000970 131164205 136773665 10322629 8514959 24137308 24507138 34459937 33022097 X 96704268 103751568 96704268 103751568 131164205 136773665 X -8705301 15752602 X X 0 1 X 1 0 40388701 40388701 77132721 51734387 25398334 35182202 28099197 7083005 41920214 17654836 24265378 97135418 DUES PAID IN ADVANCE 20793866 DEFERRED COMPENSATION PAYABLE 2697646 LONG-TERM LEASE LIABILITY FOR OPERATING LEASES 1004539 LONG-TERM LEASE LIABILITY FOR FINANCE LEASES 11087 24507138 X 57835219 0 57835219 -7160012 -7160012 50675207 66643806 7263298 7263298 59380508 0 59380508 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -6,263,046. INTEREST INCOME FROM DEF COMP & PENSION PLAN 103,286. RENTAL EXPENSE -1,000,252. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 6,263,046. RENTAL EXPENSE 1,000,252. X 1 1 X X X 0 0 0 BRIAN KROH GENERAL MANAGER 492606 0 150000 0 404891 0 35532 0 16245 0 1099274 0 0 0 DAVID COLCLOUGH ASSISTANT GENERAL MANAGER 333471 0 75000 0 21351 0 26948 0 28937 0 485707 0 0 0 MICHAEL SCOTT GOLF COURSE MAINTENANCE DIRECTOR 386179 0 60000 0 8210 0 9637 0 8764 0 472790 0 0 0 LENNART JONASON DIRECTOR OF TENNIS 347665 0 10000 0 16825 0 16500 0 26895 0 417885 0 0 0 STEVE HUDSON DIRECTOR OF GOLF 240743 0 65000 0 13251 0 33814 0 27427 0 380235 0 0 0 ANTHONY COLE EXECUTIVE CHEF 291381 0 0 0 16908 0 0 0 27105 0 335394 0 0 0 KATHY NELSON CFO 202522 0 60000 0 15578 0 33799 0 16391 0 328290 0 0 0 REX WILSON FACILITIES MANAGER 198671 0 40000 0 19474 0 24416 0 19814 0 302375 0 0 0 JAMES GERMANA GOLF COURSE SUPERINTENDENT 197061 0 25000 0 5103 0 9393 0 8612 0 245169 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION 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 EQUITY MEMBER CATEGORIES HAVE VOTING PRIVILEGES: MEMBER AND SOCIAL. MEMBERS HAVE A DOUBLE WEIGHTED VOTE. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL ASSESSMENTS AND BY-LAW CHANGES ARE SUBJECT TO MEMBER APPROVAL. BY LAW CHANGES REQUIRES MAJORITY VOTE AFTER QUORUM. CAPITAL ASSESSMENTS REQUIRE 66.6% APPROVAL FOLLOWING QUORUM. 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 CFO, THE TREASURER AND/OR THE PRESIDENT. THESE INDIVIDUALS REVIEW THE FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. STATED AT THE FOLLOWING BOARD MEETING IS THE PREPARATION, REVIEW AND FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL RESPONSIBLE PARTIES SHALL ACT SOLELY IN THE INTEREST OF THE CLUB WITHOUT REGARD FOR HIS/HER OWN FINANCIAL INTERESTS. ON DISCOVERY OF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE RESPONSIBLE PARTY MUST DISCLOSE FACTS TO THE BOARD. AFTER DISCLOSURE, THE INTERESTED PARTY MUST LEAVE THE BOARD ROOM. CHAIRPERSON SHALL APPOINT PERSON TO INVESTIGATE ONE ALTERNATIVE TO THE PROPOSED TRANSACTION IN QUESTION. AFTER REVIEW OF ALTERNATIVE OPTION (IF AVAILABLE), THE BOARD SHALL DETERMINE BY MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CLUB'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD MEETS ANNUALLY TO DETERMINE THE COMPENSATION FOR MANAGEMENT AND KEY EMPLOYEES. COMPENSATION STUDIES, INDUSTRY STUDIES, AND EMPLOYMENT CONTRACT AGREEMENTS ARE USED IN THE DETERMINATION AND DOCUMENTATION OF COMPENSATION. 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 THE CLUB'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR INSPECTION ON THE CLUB'S PREMISES. THE FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERSHIP TRANSFER FEES 2,158,500. CAPITAL RETAINAGE 9,825,000. INTEREST INCOME FROM DEFERRED COMP PLAN NOT INCLUDED IN FINANCIAL STMTS -103,286. CAPITAL ASSESSMENT 3,872,388. FORM 990, PART VII, LINE 2C NO CHANGE FROM PRIOR YEAR.