2025-03-17T09:26:35-05:00 2024-04-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-05-01 590877007 HILLSBORO CLUB INC HILL 9549412220 901 HILLSBORO MILE HILLSBORO BEACH FL 330622801 MARK A PARKS JR CHIEF FINANCIAL OFFICER 9549412220 2025-03-16 1 1 CHRISTOPHER CECIL P01877773 5616971785 2025-03-15 2023 2025-03-06 01:10:19Z MARK A PARKS JR 901 HILLSBORO MILE HILLSBORO BEACH FL 330622801 17757077 0 X WWW.HILLSBOROCLUB.ORG X 1959 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 222 47 1898880 0 145600 507591 10345015 11345089 -563995 234605 4199211 3794624 14125831 15881909 0 0 0 0 6348139 7439451 0 0 0 8630614 8996081 14978753 16435532 -852922 -553623 21710613 22564571 7393951 6535910 14316662 16028661 THE HILLSBORO CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB OPERATES/MAINTAINS A CLUBHOUSE & DINING AREA FOR ITS MEMBERS. F&B REVENUES FOR THE YEAR END WERE $ 5,201,062 OF WHICH $ 4,134,372 WAS MEMBER RELATED. ROOM REVENUE FOR THE YEAR WAS $ 8,260,264 OF WHICH $ 7,318,888 WAS MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 1 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 35 0 1 222 1 1 1 0 0 0 1 1 0 2008066 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARK PARKS JR 9549412220 901 HILLSBORO MILE HILLSBORO BEACH FL 33062 LORA E FARKAS SECRETARY & VICE PRESIDENT 1.00 X X 0 0 0 JOHN A GIBBONS III VICE PRESIDENT & TREASURER 1.00 X X 0 0 0 HEALY M RICE PRESIDENT & CHAIRMAN 1.00 X X 0 0 0 LENNOX K ANDREWS VP/HOUSE COMMITTEE CHAIR 1.00 X X 0 0 0 ELIZABETH H DENISON VICE CHAIRMAN/YOUNG MEMBER COMMITTEE CHAIR 1.00 X X 0 0 0 ANDREW SINWELL SPORTS COMMITTEE CHAIR 1.00 X 0 0 0 MICHAEL HORWITZ PERSONNEL COMMITTEE CHAIR 1.00 X 0 0 0 LIBBY BROWN MEMBERSHIP COMMITTEE CHAIR 1.00 X 0 0 0 ELIZABETH H DENISON YOUNG MEMBER COMMITTEE CHAIR 1.00 X 0 0 0 JONATHAN U DAVIS MARKETING & ACTIVITIES COMMITTEE CHAIR 1.00 X 0 0 0 SARAH M BRAMWELL COMMUNICATIONS & TECH CHAIR 1.00 X 0 0 0 ROBERT H SCARBOROUGH III GOVERNANCE CHAIR 1.00 X 0 0 0 TOM CAMPBELL BUILDINGS & GROUNDS CHAIR 1.00 X 0 0 0 CARL HORACE GM/COO/ASSISTANT SECRETARY 45.00 X 460277 0 40850 MARK PARKS CFO 45.00 X 143108 0 0 BRETT GAEDE DIRECTOR OF TENNIS 45.00 X 337431 0 20272 RYAN WILSON EXECUTIVE CHEF 45.00 X 223756 0 23702 JONATHAN INVERSO SALES 45.00 X 151912 0 18830 RAFAEL DUARTE MAINTENANCE MANAGER 45.00 X 112781 0 4870 1429265 0 108524 6 0 1 0 WAVES POOL MANAGEMENT LLC 8000 N FEDERAL HWY 210 BOCA RATON FL 33487 LIFEGUARDS 289080 WF BAIRD & ASSOCIATES 2810 CROSSROADS DR SUITE 1200 MADISON WI 53718 ARCHITECHTURE 130369 2 507591 507591 ROOMS 713910 8260264 7318888 941376 MEMBERSHIP DUES 713910 2949464 2949464 SPA AND FITNESS 713910 135361 135361 11345089 234605 234605 103136 103136 0 5399305 1772032 3627273 2904374 722899 OTHER INCOME 713910 142351 142351 MEMBER DONATIONS 713910 25000 25000 167351 15881909 13475438 1898880 0 644235 5736898 444159 614159 1758771 149221 1716958 2042539 GENERAL AND ADMIN. 895546 REPAIRS & MAINTENANCE 801242 ROOMS & GUEST SERVICES 420671 FOOD & BEVERAGE 402884 808249 16435532 8236899 3512676 455234 688691 163524 171388 132730 186042 44048722 31541884 12480947 12506838 5126930 241279 372006 21710613 22564571 1612821 1396518 750000 450500 5031130 4688892 7393951 6535910 X 14316662 16028661 14316662 16028661 21710613 22564571 X -553623 44659 2220963 X X 0 1 X 1 0 1072671 1072671 30187784 22250703 7937081 10054780 7411141 2643639 2733487 1880040 853447 12506838 U.S TREASURY SECURITIES 5126930 F 5126930 ADVANCE DEPOSITS 260591 CURRENT MATURITIES OF LONG TERM DEBT 433114 LONG-TERM DEBT, LESS CURRENT MATURITIES 2584753 DEFERRED OPERATING ASSESSMENT 1091995 DEFERRED COMPENSATION PLAN - SHORT TERM 203112 LONG-TERM FINANCE LEASE LIABILITY 88640 SHORT-TERM FINANCE LEASE LIABILITY 26687 4688892 X 17801736 44659 1875168 1919827 15881909 0 15881909 18310700 1875168 1875168 16435532 0 16435532 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,772,032. RENTAL EXPENSE 103,136. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,772,032. RENTAL EXPENSE 103,136. X X 0 0 0 CARL HORACE GM/COO/ASSISTANT SECRETARY 412577 0 47700 0 0 0 10350 0 30500 0 501127 0 0 0 BRETT GAEDE DIRECTOR OF TENNIS 326513 0 10918 0 0 0 10136 0 10136 0 357703 0 0 0 RYAN WILSON EXECUTIVE CHEF 202556 0 21200 0 0 0 6772 0 16930 0 247458 0 0 0 JONATHAN INVERSO SALES 142637 0 9275 0 0 0 5794 0 13036 0 170742 0 0 0 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 SENIOR MEMBERS (EQUITY MEMBERS AT LEAST 21 YEARS OLD) ARE THE ONLY MEMBERSHIP CATEGORY THAT MAY PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF THE BOARD MEMBERS, DISSOLUTION OR LIQUIDATION OF THE CLUB, AND AMENDMENTS TO THE BY-LAWS REQUIRE THE APPROVAL OF THE MEMBERS ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE CLUB'S BOARD OF DIRECTORS AND CHIEF FINANCIAL OFFICER REVIEW FORM 990 IN ITS ENTIRETY. FORM 990, PART VI, SECTION B, LINE 12C CLUB MANAGEMENT IS AWARE OF THE NEED TO AVOID CONFLICTS OF INTEREST AND CONTINUALLY GUARDS AGAINST IT. ANY POSSIBLE CONFLICTS OF INTEREST ARE ALWAYS DISCLOSED AND DISCUSSED AT BOARD MEETINGS. THE ANNUAL CONFLICT OF INTEREST FORM IS COMPLETED ANNUALLY BY BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB'S PROCESS FOR DETERMINING COMPENSATION OF THE GENERAL MANAGER AND CHIEF FINANCIAL OFFICER AND KEY EMPLOYEES INCLUDES REVIEW & APPROVAL BY THE BOARD OF DIRECTORS, USE OF COMPARABLE DATA, AND DOCUMENTATION OF THE DELIBERATION & DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. 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 MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: CAPITAL IMPROVEMENT FUNDS 1,819,463. REDEMPTION OF MEMBERSHIP CERTIFICATES -14,000. ISSUANCE OF MEMBERSHIP CERTIFICATES 415,500. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.