2025-02-26T14:36:36-06:00 2024-04-30 994625061 CRI ADVISORS LLC 33 SW FLAGLER AVENUE STUART FL 34994 990 2023-05-01 591275620 TURTLE CREEK CLUB INC TURT 5617468371 2 CLUB CIRCLE TEQUESTA FL 33469 JOE O'CONNOR TREASURER 5617468371 2025-02-24 1 1 JOSEPH RISSE CPA P00708318 7722832356 2023 2025-03-06 01:10:19Z JIM 'ONEIL 2 CLUB CIRCLE TEQUESTA FL 33469 9130092 0 X N/A X 1969 FL TO BIND ITS MEMBERS TOGETHER THROUGH RECREATION AND SOCIAL ACTIVITIES. 9 9 99 9 391010 194737 0 0 5294961 5992786 19127 190236 852699 1008564 6166787 7191586 0 0 0 0 3884770 4304560 0 0 0 2589473 3294971 6474243 7599531 -307456 -407945 19481405 21401781 2381257 2588348 17100148 18813433 TURTLE CREEK CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROVIDE SUPERIOR GOLF EXPERIENCES AND SOCIAL ACTIVITIES THAT FOSTER FRIENDSHIP AND CAMARADERIE AMONGST OUR MEMBERS AND THEIR GUESTS. 0 0 THE CLUB PROVIDES GOLF SERVICES, FOOD AND BEVERAGE SERVICES, AND OTHER SOCIAL ACTIVITIES TO APPROXIMATELY 400 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 X 3 0 1 99 1 1 1 0 0 0 1 1 0 269282 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 X WILMA BORMUTH 5617468371 2 CLUB CIRCLE TEQUESTA FL 33469 JIM O' NEIL PRESIDENT 1.00 X X 0 0 0 TOM GILBERT VICE PRESIDENT 1.00 X X 0 0 0 JOE O'CONNER TREASURER 1.00 X X 0 0 0 NANCY SAUNDERS SECRETARY 1.00 X X 0 0 0 ROBERT BRUNJES DIRECTOR 1.00 X 0 0 0 ROY HART DIRECTOR 1.00 X 0 0 0 JERRY MARTINO DIRECTOR 1.00 X 0 0 0 TED TRUCOTTE DIRECTOR 1.00 X 0 0 0 BILL BUSA DIRECTOR 1.00 X 0 0 0 WILMA BORMUTH CONTROLLER 50.00 X 138430 0 13917 JAMES T STRELEC GENERAL MANAGER 50.00 X 189430 0 30452 CLARENCE COVINGTON SUPERINTENDENT 50.00 X 153285 0 8557 THEODORE HILL HEAD GOLF PRO 50.00 X 130601 0 13816 PATRICK FAGEN EXECUTIVE CHEF 50.00 X 128416 0 10652 740162 0 77394 5 0 1 0 BEST ROOFING SERVICES 1600 NE 12TH TERRACE FORT LAUDERDALE FL 33305 ROOFING CONTRACTING 542781 1 MEMBERSHIP DUES 713910 4764348 4764348 GOLF FEES 713910 569973 465245 104728 TRAIL FEES 713910 309071 309071 GOLF CART RENTAL 532000 233235 233235 ALL OTHER GOLF INCOME 713910 116159 116159 5992786 190236 190236 1022000 1022000 0 1902221 916506 985715 889669 96046 MISCELLANEOUS 713910 25098 25098 INTEREST RATE SWAP AGREEMENT 523000 -2249 -2249 22849 7191586 6800576 391010 0 573657 3019421 25986 685496 94139 774872 41781 257201 CAPITAL IMPROVEMENT EXP 936257 GREENS AND GROUNDS 703550 OPERATING LEASE EXPENSE 278089 ADMIN & GENERAL 209082 7599531 709394 1268041 786854 408489 796209 581616 250119 318710 229433 265439 12822684 0 12822684 12822684 3580756 5149357 305956 587445 19481405 21401781 488216 695898 553746 554701 1027458 756919 311837 580830 2381257 2588348 X 17100148 18813433 17100148 18813433 19481405 21401781 X -407945 2121230 X X 0 1 X 1 0 1214390 1214390 1671608 1671608 9936686 9936686 12822684 LEASE LIABILITIES 580830 580830 X 8108092 916506 916506 7191586 0 7191586 8516037 916506 916506 7599531 0 7599531 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, AND TRANSITION. AS OF APRIL 30, 2024, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALITY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 916,506. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 916,506. X X X X 0 0 0 JAMES T STRELEC GENERAL MANAGER 169430 0 20000 0 0 0 8218 0 22234 0 219882 0 0 0 CLARENCE COVINGTON SUPERINTENDENT 138285 0 15000 0 0 0 777 0 7780 0 161842 0 0 0 WILMA BORMUTH CONTROLLER 118430 0 20000 0 0 0 6137 0 7780 0 152347 0 0 0 FORM 990, PART V, LINE 2B THE ORGANIZATION HAS AN EMPLOYEE LEASING ARRANGEMENT WITH PAYCHEX, WHEREBY ALL OF THE ORGANIZATION'S EMPLOYEES ARE LEASED. ALL COMPENSATION REPORTED ON FORM 990 PART VII, FORM 990 PART IX AND SCHEDULE J REPRESENTS THE AMOUNTS PAID TO PAYCHEX, AN UNRELATED ORGANIZATON. 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 MEMBER CATEGORIES HAVE VOTING PRIVILEGES: REGULAR FORM 990, PART VI, SECTION A, LINE 7B AMENDING, ALTERING, OR RESCINDING THE BYLAWS REQUIRES A 2/3 VOTE OF REGULAR MEMBERS. AMENDING, ALTERING, OR RESCINDING THE ARTICLES OF INCORPORATION REQUIRES A 3/4 VOTE OF THE REGULAR MEMBERS. REAL ESTATE OWNED BY THE CLUB SHALL NOT BE DISPOSED OF OR ANY MORTGAGES ALTERED, PREMATURELY RETIRED, OR TRANSFERRED WITHOUT THE APPROVAL OF 2/3 VOTE OF REGULAR MEMBERS. MAJOR CAPITAL PROJECTS EXCEEDING $200,000 ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL. 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 PRESIDENT, TREASURER, AND CONTROLLER. THESE INDIVIDUALS REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEWS OF ALL DEPARTMENT HEADS ARE PERFORMED BY THE PERSONNEL COMMITTEE AND ANNUAL REVIEWS ARE PERFORMED BY THE DEPARTMENT HEADS ON ALL STAFF. ANY CONFLICTS ARE REVIEWED BY DEPARTMENT HEADS AND THEN REVIEWED BY THE GENERAL MANAGER AS WELL AS THE PERSONNEL CHAIRMAN IF NEEDED. FORM 990, PART VI, SECTION B, LINE 15 COMPARISON OF SIMILAR CLUBS AND SIMILAR POSITIONS IN THE AREA AS WELL AS COMPENSATION SURVEYS. 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 DOES NOT MAKE AVAILABLE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS TO THE PUBLIC. FORM 990, PART XI, LINE 9: MEMBERSHIP CONTRIBUTIONS 2,121,230. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.