2025-11-17T12:27:22-06:00 2024-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2024-01-01 951927084 LA CUMBRE COUNTRY CLUB LACU 8056872421 4015 VIA LAGUNA SANTA BARBARA CA 93110 TRACY JENKINS PRESIDENT 8056872421 2025-11-17 1 0 MARK J HENNELLY P00982999 8186375000 2024 2025-03-06 01:10:19Z TRACY JENKINS 4015 VIA LAGUNA SANTA BARBARA CA 93110 17975860 0 X HTTPS://WWW.LACUMBRECC.ORG/ X 1956 CA LA CUMBRE GOLF AND COUNTRY CLUB IS A PRIVATE SOCIAL AND RECREATIONAL ORGANIZATION. 9 9 264 0 635206 681135 0 0 23351650 13382245 288714 792381 -716118 -1882773 22924246 12291853 0 0 0 0 4520975 6043341 0 0 0 5677526 6554977 10198501 12598318 12725745 -306465 30050911 30485961 2622601 3662828 27428310 26823133 THE CLUB IS A PRIVATE SOCIAL AND RECREATIONAL ORGANIZATION WHOSE PURPOSE IS TO CREATE A SENSE OF FAMILY AND COMMUNITY AMONG ITS MEMBERS BY PROVIDING THE HIGHEST QUALITY SERVICE AND BEAUTIFUL SETTINGS WITH UNSURPASSED FACILITIES IN A FISCALLY RESPONSIBLE MANNER. 0 0 OPERATION AND MAINTENANCE OF A COUNTRY CLUB WITH GOLF, TENNIS, FITNESS AND SWIMMING FACILITIES ALONG WITH A DINING ROOM, COCKTAIL BAR, AND PATIO BAR AND GRILL. 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 2 0 264 1 1 1 0 0 0 1 1 2004947 419080 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X JEANNINE SERBANICH 8055631614 4015 VIA LAGUNA SANTA BARBARA CA 93110 ALAN HARDEN PRESIDENT 15.00 X X 0 0 0 MIKE NICOLOAIS TREASURER 10.00 X X 0 0 0 HENNING THORSON VICE PRESIDENT 5.00 X X 0 0 0 RON BUSCH DIRECTOR 2.00 X X 0 0 0 CHRIS PORTNEY DIRECTOR 2.00 X 0 0 0 JOHN BLAIR DIRECTOR 2.00 X 0 0 0 JIM BUTTIMER DIRECTOR 2.00 X 0 0 0 KEN BADISH DIRECTOR 2.00 X 0 0 0 TRACY JENKINS DIRECTOR 2.00 X 0 0 0 ADAM ZUBEK GENERAL MANAGER 40.00 X 466442 0 43727 JEFF COWAN CONTROLLER 40.00 X 167952 0 47476 ERIC WIDMER EXECUTIVE CHEF 40.00 X 177781 0 32065 TRAVIS BREGMAN 1ST ASSISTANT GOLF PRO 40.00 X 228718 0 34224 WAYNE MILLS GREEN SUPERINTENDANT 40.00 X 244897 0 38932 MATT BERRY TENNIS DIRECTOR 40.00 X 230240 0 17024 THOMAS NAROZONICK DIRECTOR OF OPERATIONS 40.00 X 230000 0 8496 BOBBI HOUGHTON DIRECTOR OF AQUATICS 40.00 X 179544 0 7322 1925574 0 229266 8 1 1 0 0 MEMBERSHIP DUES 713910 9905271 9905271 INITIATION FEES 713910 2004947 2004947 GOLF OPERATIONS 713910 751822 648081 103741 CAPITAL ASSESSMENT 713910 271144 271144 SWIMMING, FIT. & TENNIS 713910 204008 204008 245053 245053 13382245 792381 117992 674389 3801234 5684007 -1882773 -1739849 -142924 12291853 11656647 635206 0 X 510169 4032099 106616 1051190 343267 16600 1919226 134775 UTILITIES 854713 OPERATING EXPENSES A&G 844584 SUPPLIES 571349 OPERATING EXPENSES GOLF 478850 1734880 12598318 1269006 1450278 11777724 10081221 3335105 2108136 425394 410312 222766 160737 40812004 24536727 13020916 16275277 30050911 30485961 995091 1218406 941946 909021 500000 685564 1035401 2622601 3662828 X 27428310 26823133 27428310 26823133 30050911 30485961 X -306465 -298105 -607 X 0 1 X 1 0 624328 624328 19091883 11214078 7877805 7305170 5248384 2056786 13790623 8074265 5716358 16275277 ACCRUED LIABILITIES 988106 FINANCE LEASE OBLIGATION 47295 1035401 X 17677755 -298105 5684007 5385902 12291853 0 12291853 18282932 5684614 5684614 12598318 0 12598318 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL AND STATE TAXES RELATED TO REVENUE RECEIVED IN CONNECTION WITH EXEMPT PROGRAMS, UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701(G) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE CLUB IS SUBJECT TO ASSESSMENT OF INCOME TAXES ON WHAT IS TERMED UNRELATED BUSINESS INCOME. THE CLUB CAN GENERATE UP TO 15% OF REVENUE, AS DEFINED IN THE IRC, FROM NON-MEMBER SOURCES. THE CLUB POLICY IS TO MONITOR AND TRACK NON-MEMBER REVENUES TO ENSURE THE CLUB COMPLIES WITH SECTION 501(C)(7) OF THE IRC. IN ADDITION, THE CLUB IS SUBJECT TO TAXATION ON INVESTMENT INCOME. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS BEEN ESTABLISHED IN THE FINANCIAL STATEMENTS. FOR FINANCIAL STATEMENT REPORTING PURPOSES, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2024, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2024, THE CLUB'S ANNUAL TAX FILINGS FOR THE PRIOR THREE (3) YEARS ARE OPEN FOR AUDIT BY THE INTERNAL REVENUE SERVICE AND FOR THE PRIOR FOUR (4) YEARS BY THE FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,684,007. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,684,007. FUEL CREDIT 607. X X 0 0 0 ADAM ZUBEK GENERAL MANAGER 436442 0 30000 0 0 0 0 0 43727 0 510169 0 0 0 JEFF COWAN CONTROLLER 161952 0 6000 0 0 0 5970 0 41506 0 215428 0 0 0 ERIC WIDMER EXECUTIVE CHEF 163281 0 14500 0 0 0 6476 0 25589 0 209846 0 0 0 TRAVIS BREGMAN 1ST ASSISTANT GOLF PRO 127104 0 2000 0 99614 0 8435 0 25789 0 262942 0 0 0 WAYNE MILLS GREEN SUPERINTENDANT 242611 0 0 0 2286 0 9822 0 29110 0 283829 0 0 0 MATT BERRY TENNIS DIRECTOR 76198 0 2000 0 152042 0 5806 0 11218 0 247264 0 0 0 THOMAS NAROZONICK DIRECTOR OF OPERATIONS 230000 0 0 0 0 0 0 0 8496 0 238496 0 0 0 BOBBI HOUGHTON DIRECTOR OF AQUATICS 72232 0 2000 0 105312 0 7102 0 220 0 186866 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE CLUB HAS FIVE CLASSES OF MEMBERSHIP: PROPRIETARY, ASSOCIATE, EMERITUS, SOCIAL, AND NONRESIDENT. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE BOARD IS ELECTED BY A VOTE OF THE PROPRIETARY MEMBERS ONLY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE MEMBERS OF THE CLUB APPROVE ANY CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE AUDIT COMMITTEE AND TREASURER REVIEW FORM 990 AND 990-T PRIOR TO THE SIGNING AND FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, DEPARTMENT HEADS, AND THE GENERAL MANAGER RECEIVE THE POLICY AND ARE ASKED TO COMPLETE THE CONFLICT OF INTEREST STATEMENT UPON ELECTION OR HIRE, AND ANNUALLY IN JANUARY THEREAFTER. NO INCIDENTS OF POTENTIAL CONFLICTS OF INTEREST WERE IDENTIFIED OR INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE SUCH DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E REPAIRS AND MAINTENANCE 384,020. OPERATING EXPENSES F&B 360,607. CAPITAL EXPENSES 289,357. PROPERTY TAXES 239,310. OPERATING EXPENSES CARTS, RANGE & STORAGE 200,355. CORPORATE TAXATION 103,000. PROFESSIONAL FEES 49,178. OPERATING EXPENSES OTHER SPORTS 46,808. POSTAGE 34,385. SECURITY 25,372. OPERATING EXPENSES LOCKER ROOM 2,488. FORM 990, PART XI, LINE 9: FUEL TAX CREDIT -607.