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 951959280 PALOS VERDES GOLF CLUB PALO 3103752533 3301 VIA CAMPESINA PALOS VERDES ESTATES CA 90274 JOHN NENDICK TREASURER 3103752533 2025-11-14 1 0 MARK J HENNELLY P00982999 8186375000 2024 2025-03-06 01:10:19Z 3301 VIA CAMPESINA PALOS VERDES ESTATES CA 90274 19700558 0 X WWW.PVGC.COM X 1924 CA PRIVATE GOLF AND COUNTRY CLUB OPERATED FOR MEMBERS AND PUBLIC ENJOYMENT. 9 9 147 0 527103 334616 0 0 11370037 12714609 345036 357805 850662 442932 12565735 13515346 0 0 0 0 4756910 4956734 0 0 0 6755457 7126792 11512367 12083526 1053368 1431820 27205903 28724575 3014532 3098095 24191371 25626480 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 43 0 147 1 1 1 0 0 0 1 1 2114494 3344939 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 X GEORGE FRANCISCO PRESIDENT 10.00 X X 0 0 0 DAN FINNEGAN VICE PRESIDENT 5.00 X X 0 0 0 JOHN BARRY VICE PRESIDENT 5.00 X X 0 0 0 ANDRE VUILLEUMIER TREASURER 10.00 X X 0 0 0 GREG GOMEZ SECRETARY 5.00 X 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 WILLY MCALLISTER DIRECTOR 5.00 X 0 0 0 DAVID STOCKE GENERAL MANAGER/COO 40.00 X 445000 0 8430 BRIANNA ACOSTA-BADEL MEMBERSHIP DIRECTOR 40.00 X 145444 0 780 JAMES GORMLEY DIR. OF GOLF 40.00 X 268383 0 1920 GARRETT YOKOYAMA EXECUTIVE CHEF 40.00 X 195409 0 840 STEVEN MANRIQUEZ GOLF SUPERINTENDENT 40.00 X 191478 0 5580 DAVID SCHREINER CONTROLLER 40.00 X 158471 0 780 1404185 0 18330 12 0 1 0 0 MEMBERSHIP DUES 713910 7507713 7507713 INITIATION FEES 713910 2114494 2114494 CAPITAL FUNDING FEE 713910 1205005 1205005 GREEN FEES 713910 981037 653682 327355 GOLF ACTIVITIES 713910 485898 450157 35741 420462 420462 12714609 357805 488 357317 10000 4000 6000 6000 6000 6618144 6181212 436932 636242 -199310 13515346 12988243 527103 0 X 453430 3267259 125076 830194 280775 263004 1753735 CITY FEES 1507561 UTILITIES 961155 OPERATING EXPENSES A&G 576703 OPERATING EXPENSES GOLF 353469 1711165 12083526 164802 1018255 2594560 1591951 615346 756269 517062 566156 497232 453103 36048735 14319233 18224082 21729502 4592819 2609339 27205903 28724575 1658698 1368720 142500 52500 1213334 1676875 3014532 3098095 X 20425302 24271679 3766069 1354801 24191371 25626480 27205903 28724575 X 1431820 4397 -1108 X 0 1 X 1 0 17701563 6338763 11362800 5932401 3394010 2538391 12414771 4586460 7828311 21729502 CLUB IMPROVEMENT FUND 2034795 RIGHT OF USE ASSETS - OPERATING LEASES 574544 2609339 MEMBER DEPOSITS 13800 OTHER DEPOSITS 1088531 OPERATING LEASE OBLIGATIONS 574544 1676875 X 19758125 4397 6610027 6614424 13143701 371645 371645 13515346 18323016 6611135 6611135 11711881 371645 371645 12083526 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, 2024 AND 2023. AS OF DECEMBER 31, 2024, 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 6,181,212. EMPLOYEE RETENTION CREDIT 428,815. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGE 371,645. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 6,181,212. FUEL CREDIT 1,108. EMPLOYEE RETENTION CREDIT 428,815. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGE 371,645. X X X X 0 0 0 DAVID STOCKE GENERAL MANAGER/COO 375000 0 70000 0 0 0 0 0 8430 0 453430 0 0 0 JAMES GORMLEY DIR. OF GOLF 246152 0 22100 0 131 0 0 0 1920 0 270303 0 0 0 STEVEN MANRIQUEZ GOLF SUPERINTENDENT 180045 0 11433 0 0 0 0 0 5580 0 197058 0 0 0 GARRETT YOKOYAMA EXECUTIVE CHEF 187470 0 7939 0 0 0 0 0 840 0 196249 0 0 0 DAVID SCHREINER CONTROLLER 150509 0 7962 0 0 0 0 0 780 0 159251 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 F&B 272,291. OPERATING EXPENSES MEMBERSHIP 207,549. OUTSIDE SERVICES 190,093. SUPPLIES 180,232. LEASES EXPENSE 175,714. REPAIR & MAINTENANCE 164,136. PROPERTY TAXES 143,543. LAUNDRY AND LINEN 104,951. CORPORATE TAXATION 81,586. OPERATING EXPENSES CLUBHOUSE 70,342. PROFESSIONAL FEES 40,314. MISC EXPENSE 37,262. OPERATING EXPENSES LOCKER ROOM 19,182. SECURITY 12,299. PRINTING & STATIONARY 5,991. POSTAGE 5,680. FORM 990, PART XI, LINE 9: FUEL TAX CREDIT -1,108.