2025-11-17T17:49:31-06:00 2024-12-31 813391684 PKF SAN DIEGO LLP 2020 CAMINO DEL RIO N STE 1000 SAN DIEGO CA 92108 990 2024-01-01 990347826 NANEA GOLF CLUB INC NANE 8089301302 PO BOX 1089 KAILUA KONA HI 96745 STACIE KAIWI-MACHEN TREASURER 8089301302 2025-11-17 1 0 YOUNG LEE P01298120 6192381040 2024 2025-03-06 01:10:19Z DAN ROSE PO BOX 1089 KAILUA KONA HI 96745 11245909 0 X N/A X 2000 HI TO DEVELOP AND OPERATE NANEA GOLF COURSE 223 223 89 0 -1308747 71501 0 0 9230932 9604298 762831 362504 -5106675 -5662172 4887088 4304630 0 0 0 0 2555255 2828752 0 0 0 5675934 5314507 8231189 8143259 -3344101 -3838629 39700657 38210904 1172337 1651213 38528320 36559691 TO DEVELOP AND OPERATE NANEA GOLF COURSE 0 0 1733621 DEPRECIATION: THE CLUB HAS ACQUIRED MUTIPLE FIXED ASSETS WHICH MOSTLY CONSISTS OF LEASEHOLD IMPROVEMENTS. ALL ASSETS ARE DEPRECIATED USING THE STRAIGHTLINE METHOD. 2545875 PAYROLL TO DEVELOP AND OPERATE NANEA GOLF COURSE. 3049434 NANEA GOLF CLUB INC: NANEA GOLF CLUB, INC. (FORMERLY KNOWN AS KEKAHA VENTURE, INC.), (THE "CLUB") WAS ORGANIZED ON FEBRUARY 11, 2000, BY THE TWO FOUNDING MEMBERS AS A NONPROFIT, MUTUAL BENEFIT CORPORATION FORMED UNDER THE LAWS OF THE STATE OF HAWAI'I. THE PURPOSE OF THE CLUB IS TO DEVELOP AND OPERATE THE NANEA GOLF CLUB ON THE KONA COAST OF THE ISLAND OF HAWAI'I. THE CLUB INCLUDES AN 18-HOLE GOLF COURSE AND RELATED CLUBHOUSE FACILITIES. FOR INCOME TAX PURPOSES, THE CLUB WAS CONSIDERED COMPLETED ON JUNE 30, 2004. 7328930 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 35 0 89 1 1 1 0 0 0 0 0 0 0 0 0 X 223 223 0 0 0 0 1 1 0 1 1 0 0 1 0 0 1 1 1 0 HI X X NANEA GOLF CLUB INC 8089301302 PO BOX 1089 KAILUA KONA HI 96745 CHARLES R SCHWAB DIRECTOR 1.00 X 0 0 0 GEORGE ROBERTS DIRECTOR 1.00 X 0 0 0 FRANK C HERRINGER VICE PRES., DIRECTOR 1.00 X X 0 0 0 DAN ROSE PRESIDENT, DIRECTOR 1.00 X X 0 0 0 JENNIFER SILLS SECRETARY, DIRECTOR 1.00 X X 0 0 0 ROBERT MOMSEN DIRECTOR 1.00 X 0 0 0 DAVID ZIERK DIRECTOR 1.00 X 0 0 0 ABIGAIL DURBAN DIRECTOR 1.00 X 0 0 0 GEOFFREY YANG DIRECTOR 1.00 X 0 0 0 RAUL ROBAYO EXECUTIVE CHEF 48.00 X 179322 0 26502 STACIE KAIWI-MACHEN TREASURER 48.00 X 185877 0 27807 KRISTOPHER FELTE GENERAL MANAGER 48.00 X 222710 0 33546 SCOTT MAIN GOLF COURSE SUPERINTENDENT 48.00 X 244816 0 32414 CHRISTOPHER KEITER DIRECTOR OF GOLF 48.00 X 162850 0 22751 995575 0 143020 5 0 1 0 BLUE RIBBON BUILDERS 75-5915 WALUA RD 203 KAILUAKONA HI 96740 GENERAL CONTRACTOR 169309 1 MEMBERSHIP DUES 713910 7477167 7477167 GOLFING REVENUE 713910 1700729 774589 926140 SERVICE CHARGE 713910 273589 232974 40615 GET 713910 152813 152813 9604298 360504 360504 2000 0 2000 2000 2000 1279107 6941279 -5662172 -3024166 -2638006 4304630 5613377 -1308747 0 1138596 1024736 113860 1690156 1521140 169016 1926246 1733621 192625 OPERATING EXPENSE 977986 880187 97799 UTILITIES 818892 737003 81889 LEASED EQUIPMENT EXPENS 680656 612590 68066 OVERHEAD 444523 400071 44452 466204 419584 46620 8143259 7328932 814327 0 10204043 1884657 630879 765177 1596611 1493005 204245 173739 74077926 49064804 26831686 25013122 5436218 233193 3444986 39700657 38210904 643001 1051979 529336 599234 1172337 1651213 X 0 0 0 0 38528320 36559691 38528320 36559691 39700657 38210904 X -3838629 1870000 X 1 X 0 1 0 13920538 13920538 12163463 6217562 5945901 38286769 35878933 2407836 8889336 6617272 2272064 817820 351037 466783 25013122 DEPOSITS 287956 WORK IN PROCESS 3157030 3444986 LEASE PAYABLE 308842 GIFT CERTIFICATES PAYABLE 1058 401 K ER MATCH PAYABLE 151820 CAFETERIA PLAN INSURANCE PAYABLE 1682 401 K DEDUCTIONS PAYABLE 17668 LONG TERM CARE INSURANCE PAYABLE 164 JIM SAUNDERS FUND PAYABLE 118000 599234 X PART X, LINE 2: FIN 48 FOOTNOTE- NANEA GOLF CLUB, INC QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(7) AND IS ALSO EXEMPT FROM STATE OF HAWAI'I INCOME TAXES. WHILE MOST OF THE CLUB'S REVENUES FROM OPERATIONS ARE NONTAXABLE, THE CLUB IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, SUCH AS NONMEMBER AND INTEREST INCOME, AT STATUTORY CORPORATE RATES. A PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS FOR ESTIMATED INCOME TAXES PAYABLE ON UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024, AND 2023. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINITATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THE GUIDANCE, THE CLUB MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINIATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION.EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE CLUB AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2024, AND 2023. THE CLUB FILES ITS FORM 990 IN THE U.S. FEDERAL JURISDICTION AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2020. X X 1 1 X X X 0 0 0 SCOTT MAIN GOLF COURSE SUPERINTENDENT 207692 0 29589 0 7535 0 11017 0 21397 0 277230 0 0 0 KRISTOPHER FELTE GENERAL MANAGER 178846 0 39589 0 4275 0 10022 0 23524 0 256256 0 0 0 STACIE KAIWI-MACHEN TREASURER 155769 0 24589 0 5519 0 7461 0 20346 0 213684 0 0 0 RAUL ROBAYO EXECUTIVE CHEF 170000 0 8822 0 500 0 0 0 26502 0 205824 0 0 0 CHRISTOPHER KEITER DIRECTOR OF GOLF 150000 0 9589 0 3261 0 6943 0 15808 0 185601 0 0 0 PART I, LINE 1A PART III- OTHER ADDITIONAL INFORMATION EMPLOYEE HOUSING IS PROVIDED FOR THE EMPLOYERS CONVENIENCE. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERS CONTRIBUTE TO EQUITY FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS THE MEMBERS ELECT THE EXECUTIVE COMMITTEE FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE EXECUTUVE COMMITTEE OF THE GOVERNING BODY REVIEWED A DRAFT OF THE TAX RETURN AND SUGGESTS CORRECTIONS OR CLARIFICATIONS TO THE RETURN PRIOR TO THE FINAL RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 A- COMPENSATION PROCESS FOR TOP OFFICIAL THE GENERAL MANAGER IS REVIEWED BY THE CLUB PRESIDENT AND THE COMPENSATION IS THEN RATIFIED BY THE BOARD. ANNUAL REVIEW OF KEY EMPLOYEES IS PERFORMED BY THE GENERAL MANAGER. COMPENSATION IS BASED ON COMPARABILITY TO OTHER GEOGRAPHICALLY LOCATED CLUBS AND AS THE BUDGET ALLOWS. B- COMPENSATION PROCESS FOR OFFICERS COMPENSATION IS BASED ON COMPARABILITY TO OTHER GEOGRAPHICALLY LOCATED CLUBS AND AS ALLOWED BY THE BUDGET. ANNUAL REVIEWS ARE PERFORMED FOR ALL KEY EMPLOYEES AND OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCOSURE EXPLANATION THE ANNUAL FINANCIAL STATEMENTS, FORM 1024 AND THE ANNUAL TAX RETURNS ARE AVAILABLE ONLINE AT THE GUIDESTAR WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: MEMBERS CONTRIBUTIONS 1,870,000. NANEA FOUNDATION PO BOX 1089 KAILIAKONA HI 96745 990356085 GRANTS HI 501C3 PF N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0