2025-10-30T12:00:16-05:00 2024-12-31 840930288 BROCK AND COMPANY CPAS PC 3711 JFK PARKWAY SUITE 317 FORT COLLINS CO 80525 990 2024-01-01 751372118 EMERALD BAY CLUB INC EMER 9038253388 208 S BAY DR BULLARD TX 75757 JOHN MILLER TREASURER 9038253388 2025-10-29 1 0 LEE P ACKERMAN P01224102 9702237855 2024 2025-03-06 01:10:19Z JOHN MILLER 208 S BAY DR BULLARD TX 75757 3959477 0 X WWW.EMERALDBAYCLUB.ORG X 1971 TX ALL PROGRAM SERVICES LISTED IN PART III ARE USED TO ACCOMPLISH THE EXEMPT PURPOSE OF THE ORGANIZATION WHICH IS TO PROVIDE A SOCIAL/RECREATIONAL CLUB FOR APPROXIMATELY 567 MEMBERS. 9 9 69 100 118843 65307 0 10659 2395132 2610890 12905 -8771 535517 630283 2943554 3243061 0 0 0 0 2011166 2160307 0 0 0 1011617 1183667 3022783 3343974 -79229 -100913 4931597 4920061 294989 270204 4636608 4649857 X ALL PROGRAM SERVICES LISTED IN PART III ARE USED TO ACCOMPLISH THE EXEMPT PURPOSE OF THE ORGANIZATION WHICH IS TO PROVIDE A SOCIAL/RECREATIONAL CLUB FOR APPROXIMATELY 567 MEMBERS. 0 0 FOOD & BEVERAGE PROVIDED FOR APPROXIMATELY 567 MEMBERS. GOLF COURSE OPERATIONS PROVIDED FOR APPROXIMATELY 567 MEMBERS. PRO SHOP OPERATIONS PROVIDED FOR APPROXIMATELY 567 MEMBERS. VARIOUS OTHER PROGRAMS AND SERVICES, INCLUDING MEMBER DUES, FOR APPROXIMATELY 567 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 0 1 21 0 1 69 1 1 1 0 0 0 1 1 142500 299233 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X EMERALD BAY CLUB INC 9038253388 208 S BAY DRIVE BULLARD TX 75757 SCOTT HAGY FOOD & BEVERAGE 1.00 X 0 0 0 ED HARE PRESIDENT 3.00 X X 0 0 0 RICH COLE SECRETARY 1.00 X X 0 0 0 JOHN MILLER TREASURER 1.00 X X 0 0 0 NANCY KEELING - DE LA CRUZ ACTIVITIES 1.00 X 0 0 0 REBECCA WILSON PROPERTY COMPLIANCE 1.00 X 0 0 0 EDD CLARK VICE PRESIDENT 5.00 X X 0 0 0 WANDA SHAEFFER MEMBERSHIP 1.00 X 0 0 0 SETH SULLIVAN LEGAL 1.00 X 0 0 0 SHAUN POE GENERAL MANAGER 40.00 X 183909 0 39681 JAMES JONES GOLF COURSE SUPERINTENDENT 40.00 X 123531 0 10718 MARIAN GARDNER BUSINESS MANAGER 40.00 X 103838 0 10608 411278 0 61007 3 0 1 0 BRATTLOF BOATHOUSES PO BOX 2068 FLINT TX 75762 CONSTRUCTION 104000 1 10659 10659 MEMBERSHIP DUES & ASSE 713910 2444287 2444287 GOLF OPERATIONS 713910 166603 77145 89458 2610890 42557 42557 25403 7940 17463 17463 17463 40316 91644 -51328 -51328 -51328 987401 616832 370569 460346 -89777 MISCELLANEOUS REVENUE 713910 169911 160761 9150 INTERCOMPANY REVENUE 713910 49992 49992 BUSINESS INTERRUPTION 713910 22348 22348 242251 3243061 3113559 118843 0 X 411278 1434278 26742 124554 163455 4183 10625 36423 4847 16911 46490 115139 29362 610 346394 91524 NATURAL DISASTER CLEANU 150683 SEED, CHEMICALS, AND FE 83652 REPAIRS & MAINTENANCE 72233 SUPPLIES 48787 125804 3343974 235639 172218 1017679 1091145 204016 172034 102131 119971 89098 107031 7685480 4486815 3181566 3198665 101468 58997 4931597 4920061 139031 152796 155958 117408 294989 270204 X 4636608 4649857 4636608 4649857 4931597 4920061 X -100913 114162 X 1 X 0 1 0 134127 134127 2343562 1414455 929107 311812 61315 250497 1998579 1485300 513279 2897400 1525745 1371655 3198665 LGA & MGA PAYABLE 11370 DEPOSITS PAYABLE 24869 HOA BILLINGS PAYABLE 36545 FINANCE LEASE LIABILITY 14646 OPERATING LEASE LIABILITY 29978 117408 X PART X, LINE 2: THE CLUB IS A NONPROFIT SOCIAL AND RECREATION ORGANIZATION. UNDER THE PROVISIONS OF SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, THE CLUB IS SUBJECT TO INCOME TAX ON ITS NET UNRELATED BUSINESS INCOME. THE INCOME SUBJECT TO TAX UNDER THIS PROVISION RELATES PRIMARILY TO NONMEMBER, INVESTMENT, RENTAL, ADVERTISING, AND ADMINISTRATIVE SERVICES INCOME. THE ORGANIZATION UTILIZES PROVISIONS OF ASC 740, PERTAINING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE PRONOUNCEMENT REQUIRES THE USE OF A MORE-LIKELY-THAN-NOT RECOGNITION CRITERIA BEFORE AND SEPARATE FROM THE MEASUREMENT OF A TAX POSITION. AN ENTITY SHALL INITIALLY RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. WITH RESPECT TO THE ORGANIZATION, THIS WOULD PRIMARILY RELATE TO THE DETERMINATION OF UNRELATED BUSINESS TAXABLE INCOME, AND TO THE MAINTENANCE OF ITS TAX EXEMPT STATUS. MANAGEMENT HAS EVALUTATED THE POLICIES AND PROCEDURES THAT HAVE BEEN IMPLEMENTED TO PROVIDE ASSURANCE THAT INCOME IS PROPERLY CHARACTERIZED AND ACTIVITIES THAT JEOPARDIZE ITS TAX EXEMPT STATUS ARE WITHIN LIMITS ESTABLISHED UNDER EXISTING TAX CODE AND REGULATIONS. MANAGEMENT HAS DETERMINED THE EFFECTS OF UNCERTAIN TAX POSITIONS ARE NOT MATERIAL TO THE ORGANIZATION FOR RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AND, ACCORDINGLY, NO INCOME TAX LIABILITY HAS BEEN RECORDED FOR UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE TAX YEARS AVAILABLE FOR EXAMINATION ARE SUBJECT TO PENALTIES AND INTEREST MAY BE ASSESSED ON INCOME TAXES THAT ARE DELINQUENT. THERE WERE NO SUCH ASSESSMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. ADDITIONALLY, PENALTIES AND INTEREST MAY BE ASSESSED ON INCOME TAXES THAT ARE DELINQUENT. X X 0 0 0 SHAUN POE GENERAL MANAGER 183909 0 0 0 0 0 5870 0 33811 0 223590 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS MEMBERS, ALL OF WHOM ARE OWNERS OF REAL ESTATE IN EMERALD BAY. EACH MEMBER HAS AN EQUAL VOTE. FORM 990, PART VI, SECTION A, LINE 7A THERE ARE ANNUAL ELECTIONS OF THE BOARD OF DIRECTORS (THE GOVERNING BOARD)BY THE MEMBERS . FORM 990, PART VI, SECTION A, LINE 7B CAPITAL EXPENDITURES IN EXCESS OF $10,000 MUST BE APPROVED BY THE MEMBERSHIP, IF NOT INCLUDED IN THE BOARD-APPROVED CAPITAL BUDGET. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN IS GIVEN TO THE OFFICE MANAGER AFTER IT IS SIGNED BY THE TREASURER. IT IS AVAILABLE FOR REVIEW BY ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST DISCLOSE IF HE/SHE HAS A CONFLICT OF INTEREST WITH ANY ITEM THAT MUST BE VOTED ON AND THAT MEMBER IS NOT ALLOWED TO VOTE ON THAT ITEM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, GENERAL MANAGER, IS REVIEWED BY A COMMITTEE OF THE GOVERNING BOARD AND RECOMMENDATIONS ARE MADE. ANY COMPENSATION ADJUSTMENTS MUST BE APPROVED BY THE GOVERNING BOARD. THE COMPENSATION OF EACH MANAGEMENT EMPLOYEE IS REVIEWED BY THE GENERAL MANAGER. SALARY ADJUSTMENTS ARE APPROVED BY THE GOVERNING BOARD ON AN OVERALL BASIS BY DEPARTMENT, RATHER THAN BY INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE ADMINISTRATION OFFICES AND ARE AVAILABLE FOR VIEWING AND EXAMINATION BY ALL MEMBERS DURING REGULAR BUSINESS HOURS. FORM 990, PART IX, LINE 24 DURING 2024, THE CLUB EXPERIENCED TWO WEATHER EVENTS, INCLUDING A TORNADO. THE CLUB INCURRED CLEANUP COSTS IN RECOVRING FROM THE NATURAL DISASTERS, INCLUDING TREE TRIMMING OF BROKEN BRANCHES, TREE REMOVAL, AND FILL DIRT, DEBRIS HAULING, AND REPAIRS. OTHER EXPENSES INCLUDE $150,683 IN COSTS ASSOCIATED WITH THE STORM CLEANUP, NET OF INSURANCE PROCEEDS RECEIVED. FORM 990, PART XI, LINE 9: NEW MEMBER FEES 120,000. PAYROLL TAX EXPENSE REDUCTION FOR TIP CREDIT BENEFIT -5,838. SCHEDULE R, PART V, LINE 1R THE CLUB COLLECTS MONTHLY DUES AND CHARGES FROM MEMBERS OF THE EMERALD BAY HOMEOWNERS ASSOCIATION. THE COLLECTIONS ARE REMITTED TO THE HOA AND ARE REPORTED ON LINE 1R. EMERALD BAY HOMEOWNERS ASSOCIATION 208 SOUTH BAY DRIVE BULLARD TX 75757 752200573 HOA SERVICES TX BOARD OF DIRECTORS C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 EMERALD BAY HOMEOWNERS ASSOCIATION L 49992 PER GENERAL LEDGERS EMERALD BAY HOMEOWNERS ASSOCIATION Q 55770 PER GENERAL LEDGERS EMERALD BAY HOMEOWNERS ASSOCIATION R 502180 PER GENERAL LEDGERS EMERALD BAY HOMEOWNERS ASSOCIATION P 0 PER GENERAL LEDGERS