2025-06-11T13:10:26-05:00 2024-07-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-08-01 352367578 THE CLUB AT MEDITERRA INC CLUB 2392543007 15755 CORSO MEDITERRA CIRCLE NAPLES FL 34110 HANLEY WHEELER TREASURER 2392543007 2025-06-10 1 1 CHRISTOPHER CECIL P01877773 5616971785 2025-06-09 2023 2025-03-06 01:10:19Z CHRIS DALY 15755 CORSO MEDITERRA CIRCLE NAPLES FL 34110 25144478 0 X HTTPS://WWW.MEDITERRALIVING.COM/ X 2009 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 288 75 1673588 708345 0 0 16003780 17097273 -167991 541040 7402895 4334234 23238684 21972547 0 0 0 0 12341062 13220095 0 0 0 13936498 14488756 26277560 27708851 -3038876 -5736304 72484184 78843771 38673622 39623204 33810562 39220567 THE CLUB AT MEDITERRA, INC 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 HAS TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE FISCAL YEAR ENDED 07/31/24 WAS APPROX. 49,757 OF WHICH APPROXIMATELY 13,571 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $4,771,264 OF WHICH $284,773 WAS NON-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 41 0 1 288 1 1 1 0 0 0 1 1 0 1192752 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 X RICK LEITMAN CFO 2392543000 15755 CORSO MEDITERRA CIRCLE NAPLES FL 34110 VINCE BYRD PRESIDENT (THROUGH 4/24) 10.00 X X 0 0 0 HANLEY WHEELER TREASURER 3.00 X X 0 0 0 EDWARD GARTLAND SECRETARY 5.00 X X 0 0 0 CRAIG DIVINO VICE PRESIDENT 5.00 X X 0 0 0 CHRIS DALY PRESIDENT (AS OF 4/24) 10.00 X X 0 0 0 JULIE HEUPEL DIRECTOR 1.00 X 0 0 0 BOB DUELKS DIRECTOR 1.00 X 0 0 0 MIKE PULICK DIRECTOR (THROUGH 4/24) 1.00 X 0 0 0 MARY JO DEMPSEY DIRECTOR 1.00 X 0 0 0 SCOTT CURVEY DIRECTOR 1.00 X 0 0 0 CARMEN MAUCERI COO 40.00 X 572909 0 92450 RICK LEITMAN CFO 60.00 X 309848 0 35510 ADAM BAZALGETTE DIRECTOR OF GOLF INSTRUCTION 40.00 X 264254 0 37261 JOACHIM BUCHNER EXECUTIVE CHEF 40.00 X 291188 0 24084 TOM LIVELY DIRECTOR OF AGRONOMY 40.00 X 387266 0 41462 1825465 0 230767 5 0 1 0 0 MEMBERSHIP DUES 713910 14182335 14182335 GREEN & CART RENTAL 713910 2589634 1912017 677617 TENNIS & FITNESS 713910 325304 287953 37351 17097273 747570 747570 30807 30807 0 20000 226530 -206530 -206530 -206530 6470057 2914594 3555463 3344413 211050 HURRICANE PROCEEDS 713910 422241 422241 OTHER FOOD & BEVERAGE REVENUES 713910 179571 179571 MISCELLANEOUS 713910 109035 109035 67924 67924 778771 21972547 20505489 1673588 -206530 10556359 2663736 1013096 4955611 621678 GENERAL & ADMINISTRATIV 2203945 GOLF MAINTENANCE 1858601 CLUBHOUSE MAINTENANCE 1021276 GOLF ACTIVITIES 757161 2057388 27708851 6141184 7799965 1106760 1151556 909817 928045 1059962 1362539 80885056 33194656 41953431 47690400 17523244 16165753 3789786 3745513 72484184 78843771 1899828 3286424 7133114 7779469 29640680 28557311 38673622 39623204 X 33759540 39196570 51022 23997 33810562 39220567 72484184 78843771 X -5736304 261871 10884438 X X 0 1 X 1 0 8775605 8775605 31744796 17149682 14595114 8324562 4497228 3827334 32040093 11547746 20492347 47690400 US TREASURY SECURITIES 16165753 C 16165753 LONG-TERM DEBTS 27347269 FINANCE LEASE LIABIILITY 686189 OPERARING LEASE OBLIGATIONS 523853 28557311 X 24674223 2701676 2701676 21972547 0 21972547 30410527 2701676 2701676 27708851 0 27708851 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 PROVISION OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARD CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,914,594. RENTAL EXPENSES 30,807. INCOME TAX -243,725. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,914,594. RENTAL EXPENSES 30,807. INCOME TAX -243,725. X X X X X 0 0 0 CARMEN MAUCERI COO 423909 0 125000 0 24000 0 50446 0 42004 0 665359 0 0 0 TOM LIVELY DIRECTOR OF AGRONOMY 324677 0 48750 0 13839 0 13200 0 28262 0 428728 0 0 0 RICK LEITMAN CFO 257941 0 51600 0 307 0 10606 0 24904 0 345358 0 0 0 JOACHIM BUCHNER EXECUTIVE CHEF 246738 0 36450 0 8000 0 11276 0 12808 0 315272 0 0 0 ADAM BAZALGETTE DIRECTOR OF GOLF INSTRUCTION 263947 0 307 0 0 0 10803 0 26458 0 301515 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 THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF MEMBERS, MASTERS GOLF, SPORTS AND BEACH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF GOVERNORS, REMOVAL OF A GOVERNOR, ASSESSMENTS FOR CAPITAL EXPENDITURES (SUBJECT TO 19.3 OF THE BY-LAWS) & CHANGES TO THE BY-LAWS AND ARTICLES OF INCORPORATION ARE ALL SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE OR EFFICENT 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, CFO AND COO. THE BOARD'S TREASURER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE BOARD IS IN CHARGE OF DISTRIBUTING THE CLUB'S CONFLICT OF INTEREST POLICY TO ALL BOARD AND COMMITTEE MEMBERS. THE SECRETARY THEN COLLECTS ALL CONFLICT OF INTEREST FORMS FROM THE BOARD AND COMMITTEE AND REVIEWS THEM WITH THE LEGAL COMMITTEE. IF A MEMBER IS UNWILLING TO FILL OUT A FORM, THEY ARE NOT ALLOWED TO SERVE ON THE BOARD OR COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY EMPLOYEES IS DONE THROUGH THE CEO WHO THEN REVIEWS THIS WITH THE HR/COMPENSATION COMMITTTEE. THEN RESULTS ARE REVIWED WITH THE PRESIDENT. THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE CLUB'S PRESIDENT. 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 GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB'S WEBSITE AND UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE CLUB'S WEBSITE, UPON REQUEST AND INSPECTION AT THE CLUB. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST AND FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION FEES 7,801,463. AMENITY PRESERVATION FEES 2,170,500. MEMBER DONATIONS 132,500. MEMBERS' EQUITY WITH DONOR RESTRICTIONS -159,525. SPORTS EXPANSION ASSESSMENT 939,500. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR.