2025-07-30T09:46:44-05:00 2024-09-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-10-01 591556454 LOST TREE CLUB INC LOST 5616261501 11520 LOST TREE WAY NORTH PALM BEACH FL 33408 FERNANDO SANCHEZ ELIAS CFO 5616261501 2025-07-24 1 0 CHRISTOPHER CECIL P01877773 5616971785 2025-07-24 2023 2025-03-06 01:10:19Z PAUL WOOD 11520 LOST TREE WAY NORTH PALM BEACH FL 33408 23153342 0 X WWW.LOSTTREECLUB.COM X 1974 FL TO BIND ITS MEMBERS TOGETHER WITH A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 13 13 284 13 603574 0 0 0 14578627 16166329 5136 -2325180 3633617 3614681 18217380 17455830 0 0 0 0 12123009 12836930 0 0 0 8567939 9971428 20690948 22808358 -2473568 -5352528 54620935 60032129 18165183 21523505 36455752 38508624 THE LOST TREE CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 LOST TREE CLUB, INC. PROVIDES GOLF AND DINING FACILITIES FOR MEMBERS. APPROXIMATELY 500 MEMBERS BENEFIT FROM THE CLUB FACILITIES. LOST TREE CLUB SERVED FOOD & BEVERAGES IN THE DINING FACILITY TOTALING $ 4,538,438 FOR THE YEAR OF WHICH $ 276,383 WAS NON-MEMBER RELATED. LOST TREE CLUB PROVIDES GOLF FACILITIES WITH REVENUE TOTALING $ 1,764,039 FOR THE YEAR OF WHICH $212,244 WAS NON-MEMBER RELATED. 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 1 117 0 1 284 1 1 1 0 0 0 1 1 0 497695 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X FERNANDO SANCHEZ ELIAS 5616261501 11520 LOST TREE WAY NORTH PALM BEACH FL 33408 PAUL WOOD PRESIDENT 1.00 X X 0 0 0 JOHN BARNETT VICE PRESIDENT 1.00 X X 0 0 0 BARBARA WELDON SECRETARY 1.00 X X 0 0 0 GORDON SMITH TREASURER 1.00 X X 0 0 0 SEAN HANLON DIRECTOR 1.00 X 0 0 0 TINA MIKKELSEN DIRECTOR 1.00 X 0 0 0 THOMAS KANE DIRECTOR 1.00 X 0 0 0 LEE GHESQUIERE DIRECTOR 1.00 X 0 0 0 BARBARA JAFFE DIRECTOR 1.00 X 0 0 0 AARON YEARY DIRECTOR 1.00 X 0 0 0 MAUREEN WRIGHT DIRECTOR 1.00 X 0 0 0 RUSS MACDONNELL DIRECTOR 1.00 X 0 0 0 WILLIAM DAVIS DIRECTOR 1.00 X 0 0 0 FERNANDO SANCHEZ ELIAS CHIEF FINANCIAL OFFICER (AS OF 5/2024) 60.00 X 0 0 0 JONATHAN GOODMAN CHIEF FINANCIAL OFFICER (THROUGH 5/2024) 60.00 X 221878 0 42640 RICK BAYLISS GENERAL MANAGER/COO 60.00 X 759726 0 110095 CHARLES SCHAMMING GOLF COURSE SUPERINTENDENT 55.00 X 307185 0 48939 ZACHARIAH BELL EXECUTIVE CHEF 55.00 X 312576 0 40229 BRIAN PEAPER DIRECTOR OF GOLF OPERATION 55.00 X 438360 0 35420 MICHAEL KOSTELNIK HEAD GOLF PROFESSIONAL 40.00 X 200375 0 37293 STEVEN MONTI ASSISTANT GENERAL MANAGER 40.00 X 194309 0 30271 2434409 0 344887 17 0 1 0 0 MEMBERSHIP DUES 713910 12985369 12985369 GOLF CART/GREENS FEES 713910 1764039 1551795 212244 FITNESS CENTER 713910 1167336 1164411 2925 TENNIS 713910 249585 249585 16166329 228326 15057 213269 350476 350476 0 24019 2577525 -2553506 -2553506 -2553506 5948310 2769511 3178799 3011472 167327 OTHER INCOME 713990 435882 428073 7809 435882 17455830 19405762 603574 -2553506 X 10457012 1583183 796735 2313 2617429 861282 GOLF COURSE MAINTENANCE 1549908 FOOD AND BEVERAGE 957941 ADMIN AND GENERAL EXPEN 842446 MEMBERSHIP ACTIVITIES 701127 2438982 22808358 14067996 13351528 239044 143802 665376 605165 1095537 1193008 70829106 28076723 37672634 42752383 993440 880348 992803 54620935 60032129 1452695 2997919 11948727 12248147 4763761 6277439 18165183 21523505 X 36455752 38508624 36455752 38508624 54620935 60032129 X -5352528 7405400 X X 0 1 X 1 0 4844651 4844651 33084250 15771363 17312887 14267261 6801247 7466014 18632944 5504113 13128831 42752383 DEFERRED COMPENSATION PLAN PAYABLE 797441 REFUNDABLE SOCIAL MEMBERSHIPS 5430900 FINANCE LEASES 9903 OPERATING LEASES 39195 6277439 X 20248908 2793078 2793078 17455830 0 17455830 25601436 2793078 2793078 22808358 0 22808358 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 STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,769,511. RENTAL EXPENSE 350,476. RENTAL EMPLOYEE HOUSING -326,909. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,769,511. RENTAL EXPENSE 350,476. RENTAL EMPLOYEE HOUSING -326,909. X 1 1 X X 0 0 0 RICK BAYLISS GENERAL MANAGER/COO 467278 0 290000 0 2448 0 78436 0 31659 0 869821 0 0 0 BRIAN PEAPER DIRECTOR OF GOLF OPERATION 364544 0 50500 0 23316 0 10708 0 24712 0 473780 0 0 0 CHARLES SCHAMMING GOLF COURSE SUPERINTENDENT 274125 0 25000 0 8060 0 12461 0 36478 0 356124 0 0 0 ZACHARIAH BELL EXECUTIVE CHEF 282438 0 30000 0 138 0 13441 0 26788 0 352805 0 0 0 JONATHAN GOODMAN CHIEF FINANCIAL OFFICER (THROUGH 5/2 196620 0 25000 0 258 0 6747 0 35893 0 264518 0 0 0 MICHAEL KOSTELNIK HEAD GOLF PROFESSIONAL 79313 0 10600 0 110462 0 6842 0 30451 0 237668 0 0 0 STEVEN MONTI ASSISTANT GENERAL MANAGER 169249 0 25000 0 60 0 5839 0 24432 0 224580 0 0 0 PART I, LINE 1A THE GENERAL MANAGER/COO AND EXECUTIVE CHEF HAVE A SUBSTANTIATED CORPORATE SPENDING ACCOUNT PER TERMS OF THEIR CONTRACT. 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 MEMBER CATEGORIES HAVE VOTING PRIVILEGES: ACTIVE A (2 VOTES), ACTIVE B (1 VOTE). FORM 990, PART VI, SECTION A, LINE 7B THE MORTGAGE, SALE OR PLEDGE OF THE CLUB'S REAL PROPERTY AND CAPITAL ASSESSMENTS TO FUND CAPITAL PURPOSES OF THE CLUB, BY LAW CHANGES AND ASSESSMENTS REQUIRES A MAJORITY VOTE OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT 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 CFO. THE CFO REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARER PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CHIEF OPERATING OFFICER/GENERAL MANAGER REVIEWS ALL CONFLICT OF INTEREST DISCLOSURE FORMS AND ACTIONS ARE TAKEN IF NEEDED. 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'S GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE CLUB, ON THE CLUB WEBSITE, AND UPON REQUEST. THE CLUB'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE CLUB AND UPON REQUEST. FORM 990, PART IX, LINE 24E GOLF OPERATIONS 501,666. CLUBHOUSE REPAIRS & MAINTENANCE 480,902. PROPERTY TAXES 451,929. ASSESSMENTS 257,437. GROUNDS MAINTENANCE 197,152. TEMPORARY FACILITIES 153,024. BEACH HOUSE 136,903. FITNESS CENTER 103,945. PELICAN HOUSE 99,075. TENNIS 46,138. LOCKER ROOMS 7,577. FRONT DOOR 3,234. FORM 990, PART XI, LINE 9: REDEMPTION OF STOCK & SOCIAL MEMBERSHIPS -442,600. COLLECTION FROM NEW MEMBERS 3,914,700. TRANSFERS TO REFUNDABLE SOCIAL MEMBERSHIPS -1,096,200. CAPITAL ASSESSMENT 5,029,500. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.