2025-07-30T16:37:47-04:00 2024-09-30 COACHELLA VALLEY ACCOUNTING & AUDITING 43675 ALBA CT LA QUINTA CA 92253 990 2023-10-01 330775273 THE PALMS GOLF CLUB PALM 7607712606 57000 PALMS DRIVE LA QUINTA CA 92253 OLYNN ROACH JR BOARD PRESIDENT 7607712606 2025-07-30 false ANDREA L OLIVERI P01890398 4423250089 2025-07-30 2023 2025-03-06 01:10:19Z OLYNN ROACH JR 57000 PALMS DRIVE LA QUINTA CA 92253 6384335 false X X 1997 ORGANIZATION OF PRIVATE GOLF CLUB. 5 5 45 5 43585 13656 0 4781938 6274957 574 53040 -2452 33416 4780060 6361413 0 0 2358845 2291255 0 0 4090836 3515580 6449681 5806835 -1669621 554578 8826296 9589451 3424448 3633023 5401848 5956428 ORGANIZATION OF PRIVATE GOLF CLUB. false false 5806835 6317829 OPERATION AND MAINTENANCE OF GOLF CLUB FOR THE EXCLUSIVE PLEASURE AND RECREATION OF ITS MEMBERS. 5806835 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 15 0 45 true true true false false false false 4882531 1407543 false false false X 5 5 false false true false true false false true true false false false false false false false false false CA STEVE RICHARDS 7607712606 57000 PALMS DRIVE LA QUINTA CA 92253 FRANK HEINEN CEO 40.00 X 93462 0 0 RIGOBERTO REGALADO COURSE MAINT 40.00 X 163858 0 0 OLYNN ROACH JR BOARD PRESID 2.00 X 0 0 0 EDDIE FADEL SECRETARY 2.00 X 0 0 0 SHAWN BOYD BOARD MEMBER 2.00 X 0 0 0 MARK SHEEHAN BOARD MEMBER 2.00 X 0 0 0 JEFF STRAUSS BOARD MEMBER 2.00 X 0 0 0 257320 1 false true false COACHELLA VALLEY CATERING 57000 PALMS DRIVE LA QUINTA CA 92253 CATERING SRVCS 373520 1 MEMBERSHIP DUES & ASSESSMENTS 3982629 3982629 GOLF RELATED 927349 927349 ASSESSMENT INCOME 899902 899902 FOOD & BEVERAGE RELATED 439207 439207 GOLF RELATED - NM 713910 25870 25870 6274957 17205 17205 2600 2600 2600 2600 44150 8315 35835 35835 35835 15117 14607 510 510 DONATIONS 26950 26950 MEMBER LATE FEES 3356 3356 30306 6361413 6317828 43585 62769 1721839 353216 153431 160623 24080 55332 142276 548970 90440 GOLF RELATED EXPENSES 1610327 F&B RELATED EXPENSES 339718 ADMIN EXPENSES 268566 LEGAL SETTLEMENT 120000 155248 5806835 0 0 0 X 1165172 1839408 398557 261226 190300 71173 54345 60953 14189270 6844143 6981330 7345127 36592 11564 8826296 9589451 122572 80134 1371417 1483267 1930459 2069622 3424448 3633023 X 5401848 5956428 5401848 5956428 8826296 9589451 X 554578 X false true X true false 2621742 2621742 2080145 1750748 329397 4980016 3082604 1897412 3864315 1609242 2255073 557634 401549 156085 7259709 FINANCE LEASE 1343608 NOTE PAYABLE 342453 OTHER PAYABLES 251997 ACCRUED SETTLEMENT 120000 OPERATING LEASE 11564 2069622 6307277 -54136 -54136 6361413 6361413 5752699 -54136 -54136 5806835 5806835 SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUES IN EXPENSES -77,057 EXPENSES IN REVENUES 22,921 SCHEDULE D, PAGE 4, PART XII, LINE 2D REVENUES IN EXPENSES -77,057 EXPENSES IN REVENUE 22,921 false false false RIGOBERTO REGALADO COURSE MAINT SUPER 163858 163858 FORM 990, PAGE 6, PART VI, LINE 4 EFFECTIVE JANUARY 1, 2024, THE CLUB ADOPTED NEW BYLAWS WHICH INCLUDED CHANGES TO THE MEMBERSHIP STRUCTURE AND CATEGORIES (SEE NOTE 5). UNDER THESE NEW BYLAWS, NO MEMBERS SHALL HAVE RIGHTS TO REFUNDABLE MEMBERSHIP EQUITY OR REFUNDABLE CAPITAL FEES PREVIOUSLY PAID TO THE CLUB. ADDITIONALLY, NO MEMBERS SHALL BE ABLE TO SELL OR TRANSFER THEIR EXISTING MEMBERSHIP TO ANOTHER PARTY. AS OF JANUARY 1, 2024, THERE SHALL BE NO MORE THAN A COMBINED TOTAL OF 390 FOUNDING MEMBERS, REGENT MEMBERS, AND REGULAR MEMBERS AT ANY TIME. HONORARY FOUNDING MEMBERS ARE LIMITED TO THIRTEEN MEMBERS AND ARE EXCLUDED FROM THE COMBINED MAXIMUM NUMBER OF MEMBERSHIPS. HOWEVER, THE BOARD SHALL DETERMINE THE EXACT NUMBER OF MEMBERS IN EACH CLASSIFICATION AND THE ACTUAL NUMBER OF MEMBERS WHICH CONSTITUTE THE ORGANIZATION OF THE CLUB AT ANY GIVEN TIME. NO NEW FOUNDING MEMBERSHIPS OR REGENT MEMBERSHIPS SHALL BE SOLD, ISSUED CREATED, OR TRANSFERRED AFTER JANUARY 1, 2024. AS OF THE SEPTEMBER 30, 2024, THE MEMBERSHIP CATEGORIES ALLOWED ARE AS FOLLOWS: MEMBER TYPE 2024 REGULAR 324 REGENT 50 FOUNDERS 16 SUBTOTAL 390 ADDITIONALLY, UP TO SIX JUNIOR GOLFERS AND ONE DESIGNATED PERSONS PER MEMBER MAY BE GRANTED AFFILIATE PRIVILEGES. THE MAXIMUM NUMBER OF DESIGNATED PERSONS IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 6 ORGANIZATION HAS MEMBERS OR STOCKHOLDERS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW PROCESS WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART X DURING THE YEAR ENDED SEPTEMBER 30, 2024 A LEGAL CLAIM WAS FILED AGAINST THE CLUB BY A FORMER EMPLOYEE. THE CLUB HAS REACHED A SETTLEMENT WITH THE EMPLOYEE TO PAY 120,000. THE SETTLEMENT AMOUNT HAS BEEN ACCRUED FOR AND IS INCLUDED ON THE STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2024. THIS AMOUNT WAS SUBSEQUENTLY PAID IN NOVEMBER 2024. DURING THE YEAR ENDED SEPTEMBER 30, 2023 A LEGAL CLAIM WAS FILED AGAINST THE CLUB RELATED TO PAYCHECK PROTECTION PROGRAM (PPP) FUNDING RECEIVED IN PRIOR YEARS. THE CLUB HAS REACHED A SETTLEMENT WITH THE U.S. ATTORNEYS OFFICE TO PAY APPROXIMATELY 700,000 PLUS ATTORNEYS FEES. THE SETTLEMENT AMOUNT HAS BEEN ACCRUED FOR AND INCLUDED ON THE STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2023. THE SETTLEMENT WAS PAID IN FULL DURING THE YEAR ENDED SEPTEMBER 30, 2024. FORM 990, PART XI, LINE 9 REVENUES IN EXPENSES -77,057 EXPENSES IN REVENUES 22,921 REVENUES IN EXPENSES 77,057 EXPENSES IN REVENUE -22,921