2025-03-17T12:26:21-05:00 2024-04-30 221478099 COHNREZNICK LLP 2401 NW BOCA RATON BLVD BOCA RATON FL 334316632 990 2023-05-01 590970226 OCEAN CLUB OF FLORIDA INC OCEA 5613745090 6848 N OCEAN BLVD OCEAN RIDGE FL 33435 ALLEN WEAVER PRESIDENT 5613745090 2025-03-15 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 5613671040 2025-03-12 2023 2025-03-06 01:10:19Z DIANE PYE 6848 N OCEAN BLVD OCEAN RIDGE FL 33435 6974855 0 X N/A X 1962 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 143 50 70804 56397 0 0 4136231 4257506 -86 59269 1303136 1790747 5439281 6107522 0 0 0 0 4025157 3978805 0 0 0 2673414 2957651 6698571 6936456 -1259290 -828934 11645619 18533342 4197875 8451276 7447744 10082066 THE OCEAN CLUB OF FLORIDA IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 OCEAN CLUB OF FLORIDA, INC. OPERATES AND MAINTAINS A CLUBHOUSE FOR MEMBERS. THE CLUB ALSO MAINTAINS TENNIS COURT FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 25 0 1 143 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 X DIANE PYE 5613745090 6848 N OCEAN BLVD OCEAN RIDGE FL 33435 ALLEN WEAVER PRESIDENT 2.00 X X 0 0 0 ASHLEY PARRIOTT VICE PRESIDENT 2.00 X X 0 0 0 BRUCE WARWICK BOARD MEMBER 2.00 X 0 0 0 CHRISTOPHER SPENCER BOARD MEMBER (OUTGOING) 2.00 X 0 0 0 CHRISTOPHER SULLIVAN BOARD MEMBER (OUTGOING) 2.00 X 0 0 0 CRAIG WHITING BOARD MEMBER 2.00 X 0 0 0 ELEANOR BIERBOWER BOARD MEMBER 2.00 X 0 0 0 GREG ZINK BOARD MEMBER 2.00 X 0 0 0 JAMES TAMMARO BOARD MEMBER 2.00 X 0 0 0 JOHN BACKER BOARD MEMBER 2.00 X 0 0 0 JOHN BURKE BOARD MEMBER (OUTGOING) 2.00 X 0 0 0 JOE PARKE BOARD MEMBER 2.00 X 0 0 0 JUDI MCCARTY BOARD MEMBER (OUTGOING) 2.00 X 0 0 0 LARRY RITTER TREASURER AND VICE PRESIDENT 2.00 X X 0 0 0 MITCH ENGEL IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 PAUL RIDDER BOARD MEMBER 2.00 X 0 0 0 SUSAN HOOPER BOARD MEMBER 2.00 X 0 0 0 SUZANNE LYMAN SECRETARY AND VICE PRESIDENT 2.00 X X 0 0 0 WALTER BURKE VICE PRESIDENT 2.00 X X 0 0 0 JOSEPH PAVONE GENERAL MANAGER 40.00 X 332825 0 27595 ANTHONY MARAZITA EXECUTIVE CHEF 40.00 X 181640 0 11424 DIANE PYE CONTROLLER 40.00 X 161243 0 6456 FEDERICK REINMUND TENNIS PRO 40.00 X 170563 0 18562 STEVEN LOBDELL ASST. GM 40.00 X 104276 0 16052 WARREN BEAUDRY FACILITIES DIRECTOR 40.00 X 104820 0 9418 1055367 0 89507 7 0 1 0 0 MEMBERSHIP DUES 713910 3779179 3779179 TENNIS COURT AND FITNESS FEES 713910 267501 267501 CABANA AND POOL 713910 193430 193430 GUEST FEES 713910 17396 17396 4257506 59269 59269 2588225 867333 1720892 1709357 11535 69855 69855 69855 6107522 6036718 70804 0 365908 3139582 67503 146997 258815 16308 24900 98496 56246 222564 50822 82197 904933 462916 FOOD AND BEVERAGE 215136 REPAIRS AND MAINTENANCE 160243 REAL ESTATE TAX 149680 ENTERTAINMENT 139489 373721 6936456 1166066 2828911 436114 5938324 187188 173423 518362 445497 20360009 11251641 9320790 9108368 1000 1000 16099 37819 11645619 18533342 645215 720336 4550650 3552660 3180290 4197875 8451276 X 7447744 10082066 7447744 10082066 11645619 18533342 X -828934 3463256 X 0 1 X 1 0 353232 353232 15036906 7426788 7610118 3210801 2434924 775877 1759070 1389929 369141 9108368 X 10438111 4330589 4330589 6107522 0 6107522 7803789 867333 867333 6936456 0 6936456 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 FASB ACCOUNTING STANDARDS CODIFICATION ("ASC"). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 867,333. MEMBERSHIP CERTIFICATES ISSUED 2,058,136. CAPITAL ASSESSMENTS 1,405,120. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 867,333. X X X 0 0 0 JOSEPH PAVONE GENERAL MANAGER 282406 0 50419 0 0 0 13194 0 14401 0 360420 0 0 0 ANTHONY MARAZITA EXECUTIVE CHEF 167539 0 14101 0 0 0 7262 0 4162 0 193064 0 0 0 FEDERICK REINMUND TENNIS PRO 162462 0 8101 0 0 0 6819 0 11743 0 189125 0 0 0 DIANE PYE CONTROLLER 137581 0 23662 0 0 0 6456 0 0 0 167699 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 OCEAN CLUB OF FLORIDA 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: REGULAR MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD OF GOVERNORS ARE SUBJECT TO MEMBERSHIP APPROVAL: (1) TO INCUR DEBT IN EXCESS OF $500,000, (2) TO MAKE COMMITMENTS FOR ASSET ACQUISITIONS OR DIVESTITURES TOTALING IN EXCESS OF $300,000 FOR A SINGLE PROJECT, (3) TO LEASE OR DIVEST ANY ASSETS OR TO MAKE OTHER FINANCIAL ARRANGEMENTS THAT WOULD CHANGE THE BASIC CHARACTER AND OPERATIONS OF THE CLUB, (4) TO IMPOSE ASSESSMENTS OF MORE THAN $1,000 PER REGULAR MEMBER IN ANY ONE FISCAL YEAR, AND (5) TO INCREASE THE NUMBER OF REGULAR MEMBERS AS SET FORTH IN THE BYLAWS. 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 TREASURER. THIS BOARD MEMBER REVIEWS FORM 990 WITH THE ORGANIZATION'S OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANY POSSIBLE CONFLICT OF INTEREST IS BROUGHT BEFORE THE BOARD. AFTER EXERCISING DUE DILIGENCE, THE BOARD DETERMINES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. THE BOARD THEN MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB'S PROCESS FOR DETERMINING COMPENSATION OF THE GENERAL MANAGER AND KEY EMPLOYEES INLCUDES REVIEW AND APPROVAL BY THE BOARD AND EXECUTIVE COMMITTEE, USE OF COMPARABLE COMPENSATION DATA IN SIMILAR CLUBS, AND DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS. 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 DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: MEMBERSHIP CERTIFICATES ISSUED 2,058,136. CAPITAL ASSESSMENTS 1,405,120.