2025-04-15T17:16:18-05:00 2023-09-30 994625061 CRI ADVISORS LLC 33 SW FLAGLER AVENUE STUART FL 34994 990 2023-05-03 650302339 GRAND HARBOR GOLF & BEACH CLUB INC GRAN 7727789000 4985 CLUB TERRANCE VERO BEACH FL 32967 DOUGLAS GERMER TREASURER 7727789000 2025-04-14 1 1 JOSEPH RISSE CPA P00708318 7722832356 2025-04-14 2023 2025-03-06 01:10:19Z X MICHAEL GIBSON 4985 CLUB TERRANCE VERO BEACH FL 32967 16777503 0 X WWW.HTTPS://GRANDHARBOR.COM/ X 1991 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION 9 9 0 9 306986 138698 0 4542345 128524 420315 5091184 0 0 2528300 0 0 3310365 5838665 -747481 40766547 20045658 20720889 THE GRAND HARBOR GOLF & BEACH CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE INTERACTION OF MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES FOOD, BEVERAGE, GOLF, TENNIS, FITNESS/POOL/BEACH FACILITIES AND SERVICES TO APPROXIMATELY 900 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 252556 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X JENNIFER MOORE 7727789000 4985 CLUB TERRANCE VERO BEACH FL 32967 X THOMAS KRUGER PRESIDENT 1.00 X X 0 0 0 MARTIN DONOHUE VICE PRESIDENT 1.00 X X 0 0 0 VICKI TULLOCH THRU 72023 SECRETARY 1.00 X X 0 0 0 DICK TOMPKINS 72023 TO CURRENT SECRETARY 1.00 X X 0 0 0 LYNDA BUTLER TREASURER 1.00 X X 0 0 0 SIMON CALDECOTT GOVERNOR 1.00 X 0 0 0 DEB FLETCHER GOVERNOR 1.00 X 0 0 0 MARTIN DONOHUE GOVERNOR 1.00 X 0 0 0 ROGER ANDRUS GOVERNOR 1.00 X 0 0 0 JOE POJANOWSKI GOVERNOR 1.00 X 0 0 0 DOUG GERMER GOVERNOR 1.00 X 0 0 0 MICHAEL GIBSON COO & GENERAL MANAGER & CEO 45.00 X 0 0 0 JENNIFER MOORE CFO 45.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 713910 4206077 4206077 GOLF INCOME 713910 332039 201378 130661 TENNIS INCOME 611600 4229 4229 4542345 130916 130916 11149000 11149000 2392 0 -2392 -2392 -2392 923732 534927 388805 343396 45409 OTHER INCOME 713910 31510 31510 31510 5091184 4786590 306986 -2392 251335 1747239 48605 481121 294543 6000 93727 119140 911944 406507 GOLF COURSE MAINTENANCE 652782 BUILDING MAINTENANCE 278214 GENERAL & ADMINISTRATIV 266111 OTHER FOOD & BEVERAGE C 143592 137805 5838665 10316068 5015569 886147 365902 702094 30492857 7012090 0 23480767 0 40766547 1686321 11275852 6119328 0 964157 0 20045658 X 20720889 0 20720889 0 40766547 X -747481 21468370 X X 0 1 X 1 0 1216917 1216917 23315238 4353247 18961991 4226209 2658843 1567366 1734493 1734493 23480767 71157 MEMBERSHIP DEPOSITS 893000 964157 X 6267462 638959 638959 5628503 -537319 -537319 5091184 7014943 537319 537319 6477624 -638959 -638959 5838665 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 DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF SEPTEMBER 30, 2023, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: EMPLOYEE RETENTION CREDIT 638,959. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -534,927. LOSS ON PROPERTY AND EQUIPMENT -2,392. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 534,927. LOSS ON PROPERTY AND EQUIPMENT 2,392. PART XII, LINE 4B - OTHER ADJUSTMENTS: EMPLOYEE RETENTION CREDIT -638,959. 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: FULL (4 VOTES), GOLF, SPORTS AND GOLF & TENNIS (3 VOTES), TENNIS-SOCIAL AND TENNIS (2 VOTES), AND SOCIAL (1 VOTE). ALL HAVE VOTING RIGHTS ON MATTERS PERTAINING TO THEIR MEMBERSHIP CATEGORY. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF GOVERNORS IS RESTRICTED TO INDEBTEDNESS NOT TO EXCEED $500,000 AND CAPITAL PROGRAMS NOT TO EXCEED $1,000,000 IN ANY ONE (1) FISCAL YEAR UNLESS APPROVED BY A MAJORITY VOTE OF THE MEMBERS. THIS RESTRICTION APPLIES TO SPENDING RELATED TO CAPITAL PROGRAMS FOR FACILITIES, PROPERTY AND EQUIPMENT REPLACEMENT, IMPROVEMENTS, AND ADDITIONS ("CAPITAL PROGRAMS"). ASSESSMENTS TO FUND FACILITIES, PROPERTY AND EQUIPMENT REPLACEMENTS, IMPROVEMENTS AND ADDITIONS AND INDEBTEDNESS USED TO FUND SUCH CAPITAL EXPENDITURES ("CAPITAL ASSESSMENTS"), MAY BE MADE ONLY AFTER BEING APPROVED BY A MAJORITY VOTE OF THE VOTING MEMBERS IF THE TOTAL AMOUNT OF CAPITAL ASSESSMENTS BEING IMPOSED IS $500,000 OR MORE PER MEMBERSHIP YEAR. THE CAPITAL ASSESSMENT SHALL BE ALLOCATED AMONG THE VOTING MEMBERS AS DETERMINED BY THE BOARD OF GOVERNORS. THE ANNUAL ELECTION AND BY LAW CHANGES ALSO REQUIRE 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 TREASURER AND DELEGATED MEMBERS OF THE FINANCE COMMITTEE. THE TREASURER AND FINANCE COMMITTEE REVIEW THE ENTIRE FORM 990 WITH ITS OUTSIDE CPA PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C VENDORS KNOWN TO THE INDUSTRY ARE VETTED AND USED IN DAY TO DAY OPERATIONS; CLUB DOES NOT UTILIZE MEMBER AFFILIATED COMPANIES TO PROVIDE CLUB SERVICES; COMMITTEES MAKE RECOMMENDATIONS AS CONSULTANTS OR ADVISORS BUT BOG APPROVES RECOMMENDATIONS. GENERAL MANAGER OVERSEES DECISIONS AND RECOMMENDATIONS OF DEPARTMENT HEADS. BOARD OF GOVERNORS AND GENERAL MANAGER SUBSCRIBE TO A CODE OF ETHICS TO NOT PARTICIPATE IN PROHIBITIVE, FRAUDULENT OR ACTIVITIES INCLUDING THE MISAPPROPRIATION OF FUNDS, CLUB PROPERTY, SERVICES, OR ERRONEOUS BILLINGS. FORM 990, PART VI, SECTION B, LINE 15 COMPETITIVE STUDIES GATHERED AND SUMMARIZED FOR THE GENERAL MANAGER AND COMMITTEE CHAIR; RECOMMENDATIONS FOR COMPENSATION MADE AND PROVIDED DURING BUDGETING PROCESS; BOARD APPROVAL GIVEN THROUGH APPROVAL OF BUDGET. 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 HAS COPIES OF ITS GOVERNING DOCUMENTS AVAILABLE FOR INSPECTION AT THE CLUB. THE CLUB DOES NOT MAKE COPIES OF ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CLUB HAS COPIES OF THE CONFLICT OF INTEREST POLICY AVAILABLE FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: MEMBERSHIP CERTIFICATES ISSUED 488,500. MEMBERSHIP CERTIFICATES REDEEMED -281,600. CAPITAL CONTRIBUTIONS 679,100. TRANSFER IN 20,582,370. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE'S RESPONSIBILITIES AND PROCESSES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PREVIOUS YEAR.