2025-08-18T12:33:54-05:00 2023-06-30 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2022-07-01 471198276 TRAVERSE CITY CURLING CLUB INC TRAV 2314127748 1712 S GARFIELD AVE TRAVERSE CITY MI 49686 SCOTT ALMQUIST PRESIDENT 2314127748 2025-07-22 1 0 JEFFREY E HERT CPA P00066715 2319463230 2025-07-22 2022 2025-03-06 01:10:19Z X SCOTT ALMQUIST 1712 S GARFIELD AVE TRAVERSE CITY MI 49686 8260224 0 X PRESIDENT@TCCURLING.ORG X 2014 MI THE MISSION OF THE TRAVERSE CITY CURLING CLUB IS TO PROMOTE LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMPETITION IN THE SPORT OF CURLING AND TO OWN AND/OR PROVIDE GROUNDS, BUILDINGS, EQUIPMENT, AND FACILITIES FOR THIS USE, AND TO EDUCATE THE COMMUNITY ABOUT THE SPORT OF CURLING. BUILDING A STRONG COMMUNITY THROUGH THE SPORT OF CURLING. 10 10 0 90 52440 0 312876 2345661 47512 79651 7553 97192 521 22919 368462 2545423 0 0 0 0 0 0 0 0 18800 267382 841808 267382 841808 101080 1703615 4365906 6945010 3790325 4694578 575581 2250432 X THE MISSION OF THE TRAVERSE CITY CURLING CLUB IS TO PROMOTE LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMPETITION IN THE SPORT OF CURLING AND TO OWN AND/OR PROVIDE GROUNDS, BUILDINGS, EQUIPMENT, AND FACILITIES FOR THIS USE, AND TO EDUCATE THE COMMUNITY ABOUT THE SPORT OF CURLING. BUILDING A STRONG COMMUNITY THROUGH THE SPORT OF CURLING. 0 0 551051 THE CLUB PROVIDED AN INTRODUCTION TO THE SPORT OF CURLING TO THE COMMUNITY AND CONTINUES PROMOTING THE SPORT AND LEAGUE PLAY. THE CURLING CLUB WAS ABLE TO HOST OUR FIRST OPENING CEREMONY AND OUR ANNUAL TOURNAMENT, THE CHERRY BOMBSPIEL, IN OUR OWN VENUE IN APRIL. WE WELCOMED HUNDREDS OF COMMUNITY MEMBERS INTO OUR CLUB TO SEE THE FACILITY, MEET VISITING OLYMPIC CURLERS AND SHOWCASE THE SPORT OF CURLING. OVER 60 VOLUNTEERS HELPED RUN THESE EVENTS. WE ALSO HOSTED OUR FIRST 5-WEEK SPRING LEAGUE FOR ADULTS IN MAY AND HOSTED MANY BEGINNER CURLER CLASSES FOR NON-CLUB MEMBERS TO TRY CURLING TO PREPARE MORE PEOPLE TO JOIN THE CLUB AS MEMBERS AND LEAGUE PLAYERS IN THE NEXT YEAR. 551051 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MI X KATE STERKEN 2314127748 1712 S GARFIELD AVE TRAVERSE CITY MI 49686 X SCOTT ALMQUIST PRESIDENT 8.00 X X 0 0 0 LOWELL GRUMAN TREASURER 5.50 X X 0 0 0 KEVIN BYRNE VICE PRESIDENT 5.50 X X 0 0 0 DANIEL LADD SECRETARY 2.00 X X 0 0 0 KEVIN QUERY BOARD MEMBER 5.00 X 0 0 0 DAVID KOLONAY BOARD MEMBER 5.00 X 0 0 0 JILL REICKE BOARD MEMBER 5.50 X 0 0 0 JOANN HANNAFI BOARD MEMBER 4.00 X 0 0 0 TYLER BAER BOARD MEMBER 2.00 X 0 0 0 OTTO JENSEN BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 26667 2000000 318994 2345661 LEAGUE FEES 711210 79651 79651 79651 97192 52440 44752 2290 0 2290 2290 2290 5706273 5706273 0 21622 8528 13094 13094 REFUNDS RECEIVED 900099 7535 7535 7535 2545423 89476 52440 57846 73533 73533 24412 24412 5214 5214 17921 17921 45848 45848 7725 7725 81000 60750 20250 3335 3335 1142 1142 219242 219242 61695 61695 28529 28529 UTILITIES 94086 94086 PROPERTY TAXES 41399 41399 EQUIPMENT AND SUPPLIES 39481 39481 CONSTRUCTION MANAGEMENT 36921 36921 60325 29921 11604 18800 841808 551051 271957 18800 199195 38344 11508 500 0 400 1000 16372 0 7140 2180437 16648 3958667 2163789 10000 185536 4718465 4365906 6945010 15195 737978 0 3775130 3794516 0 162084 3790325 4694578 X 575581 2250432 575581 2250432 4365906 6945010 X 1703615 -28764 X 0 0 0 X 70811 27309 75166 133764 2104030 2411080 43037 42690 18112 49618 102501 255958 113848 69999 93278 183382 2206531 2667038 30450 43500 73950 0 30450 43500 73950 2593088 217 53 44752 45022 217 53 44752 45022 150000 150000 113848 69999 93495 183435 2401283 2862060 0.90600 0.86390 0.01570 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 881889 881889 1298548 16648 1281900 2163789 FINANCING LEASE RECEIVABLE 3742941 INTEREST SUPPORT RECEIVABLE 879024 DUE FROM CLEAR CENTER 96500 4718465 INVESTMENT - TRAVERSE CITY INTERNATIONAL CURLING CENTER 81084 DUE TO CLEAR CENTER 81000 162084 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PROVIDED TO THE EXECUTIVE MEMBERS OF THE BOARD FOR REVIEW. AFTER THE EXECUTIVE MEMBERS REVIEW THE FORM 990 IT IS SENT TO THE REMAINING BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF THE FISCAL YEAR THE POLICY AND AN ACKNOWLEDGMENT FORM ARE DISTRIBUTED TO ALL CURRENT BOARD MEMBERS FOR REVIEW AND SIGNATURE. DURING THE COURSE OF THE YEAR SHOULD A CONFLICT ARISE BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 N/A NO COMPENSATION IS PROVIDED FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INVESTMENT IN SUBSIDIARY -28,764. AMENDED RETURN EXPLANATION: THIS AMENDED FORM 990 IS BEING FILED TO REFLECT SEVERAL CHANGES RELATED TO A FINANCING LEASE TRANSACTION THAT WAS ENTERED INTO ON JANUARY 1, 2023. THE FOLLOWING UPDATES HAVE BEEN MADE TO ACCURATELY PRESENT THE FINANCIAL AND OPERATIONAL IMPACT OF THIS TRANSACTION: CORE FORM 990 ADJUSTMENTS: 1. PROGRAM SERVICE EXPENSE ADJUSTMENT (PART III, LINE 4A): THE AMOUNT REPORTED ON PART III, LINE 4A HAS BEEN UPDATED FROM $596,478 TO $551,051. THIS CHANGE REFLECTS ADJUSTMENTS TO PROGRAM SERVICE EXPENSES REPORTED IN PART IX, WHICH ARE DESCRIBED IN LATER SECTIONS. 2. RECOGNITION OF INTEREST INCOME (PART VIII, LINE 3A): INTEREST INCOME OF $97,192 HAS BEEN RECOGNIZED IN CONNECTION WITH THE FINANCING LEASE AND IS REPORTED ON PART VIII, LINE 3. THIS AMOUNT INCLUDES INCOME DERIVED FROM BOTH THE FINANCING LEASE RECEIVABLE AND THE INTEREST SUPPORT RECEIVABLE, CALCULATED USING THE EFFECTIVE INTEREST METHOD OVER THE LEASE TERM. 3. SALE OF PROPERTY AND RECOGNITION OF LOSS (PART VIII, LINE 7): THE TRANSACTION HAS BEEN ACCOUNTED FOR AS A SALE OF THE PROPERTY UNDER A FINANCING LEASE ARRANGEMENT. AS A RESULT, A SALE HAS BEEN REPORTED ON PART VIII, LINE 7. CORRESPONDING CHANGES HAVE BEEN MADE TO THE BALANCE SHEET IN PART X: - LINE 10A (LAND, BUILDINGS, AND EQUIPMENT): DECREASED FROM $7,937,658 TO $2,180,437, REPRESENTING THE REMOVAL OF SOLD ASSETS. THE REMAINING $2,180,437 REFLECTS LEASEHOLD IMPROVEMENTS TO THE PROPERTY ($1,298,548) AND LAND HELD SEPARATELY AND NOT INCLUDED IN THE FINANCING LEASE ($881,889). - LINE 10B (ACCUMULATED DEPRECIATION): DECREASED FROM $183,773 TO $16,648. - LINE 10C (NET FIXED ASSETS): DECREASED FROM $7,753,885 TO $2,163,789. 4. LEASE EXPENSE TO NEW OWNER (PART IX, LINE 16): FOLLOWING THE TRANSFER OF THE PROPERTY, THE ORGANIZATION IS NOW LEASING THE PROPERTY FROM THE NEW OWNER. THE RENT PAID UNDER THIS LEASE IS NOW REPORTED AS AN OPERATING EXPENSE. LINE 16 HAS BEEN UPDATED FROM $0 TO $81,000. 5. DEPRECIATION EXPENSE ADJUSTMENT (PART IX, LINE 22): AS THE ASSETS WERE SOLD AS OF JANUARY 1, 2023, DEPRECIATION EXPENSE HAS BEEN ADJUSTED. LINE 22 HAS BEEN REDUCED FROM $167,872 TO $61,695. 6. EXPENSE REIMBURSEMENTS FOR PROPERTY MANAGEMENT (PART IX, LINE 24E): THE RETURN HAS BEEN UPDATED TO INCLUDE EXPENSE REIMBURSEMENTS RECEIVED FOR PROPERTY MANAGEMENT SERVICES. LINE 11A HAS BEEN ADJUSTED FROM $88,533 TO $73,533, REFLECTING A $15,000 REDUCTION IN FACILITY MANAGEMENT EXPENSES. 7. FINANCING LEASE RECEIVABLE AND INTEREST SUPPORT RECEIVABLE (PART X, LINE 15): NEW RECEIVABLES HAVE BEEN ADDED TO THE BALANCE SHEET. LINE 15 INCREASED FROM $0 TO $4,718,465, CONSISTING OF: - $3,742,941 FOR THE FINANCING LEASE RECEIVABLE. - $879,024 FOR THE INTEREST SUPPORT RECEIVABLE. - $96,500 DUE FROM A RELATED PARTY. 8. LIABILITY ADJUSTMENT - DEBT ASSUMED BY LESSEE (PART X, LINE 23): AS PART OF THE FINANCING LEASE TRANSACTION, $1,100,000 OF THE ORGANIZATION'S DEBT WAS ASSUMED BY THE LESSEE. LINE 23 HAS BEEN REDUCED FROM $4,894,516 TO $3,794,516. 9. INCREASE IN PAYABLES - RENT DUE TO LESSEE (PART X, LINE 25): THE ORGANIZATION RECORDED AN INCREASE IN AMOUNTS DUE TO THE LESSEE FOR RENT. LINE 25 INCREASED FROM $81,084 TO $162,084. 10. CHANGE IN NET ASSETS (PART X, LINES 27 AND 32; PART XI). DUE TO THE CUMULATIVE IMPACT OF THE ABOVE CHANGES: - LINE 27 (NET ASSETS OR FUND BALANCES): INCREASED FROM $2,061,392 TO $2,250,432. - LINE 32 (TOTAL LIABILITIES AND NET ASSETS): REFLECTS THIS CHANGE. - THESE ADJUSTMENTS ARE ALSO REFLECTED IN PART XI (RECONCILIATION OF NET ASSETS). SCHEDULE ADJUSTMENTS: 1. SCHEDULE A ADJUSTMENT - PUBLIC SUPPORT CALCULATION: SCHEDULE A, SECTION A, PART III, LINE 10A HAS BEEN UPDATED TO INCLUDE $44,752 OF INTEREST INCOME RELATED TO THE FINANCING LEASE. 2. SCHEDULE D ADJUSTMENT - SUPPLEMENTAL FINANCIAL STATEMENTS: SCHEDULE D HAS BEEN AMENDED TO REFLECT CHANGES FROM THE FINANCING LEASE AND RELATED FINANCIAL UPDATES. SPECIFICALLY, PARTS VI (LAND, BUILDINGS, AND EQUIPMENT), IX (OTHER ASSETS), AND X (OTHER LIABILITIES) HAVE BEEN ADJUSTED TO ALIGN WITH THE REVISED FORM 990. 3. SCHEDULE R ADJUSTMENT - RELATED ORGANIZATIONS AND UNRELATED PARTNERSHIPS: SCHEDULE R HAS BEEN AMENDED TO REFLECT UPDATES RELATED TO THE FINANCING LEASE AND RELATED PARTY TRANSACTIONS. PART V, LINE 2 HAS BEEN UPDATED TO REFLECT TRANSACTIONS WITH RELATED ORGANIZATIONS. TRAVERSE CITY INTERNATIONAL CURLING CENTER 1600 CHARTWELL DR STE A TRAVERSE CITY MI 49696 853449345 REAL ESTATE HOLDING COMPANY MI 98838 0 0 FRIENDS OF TRAVERSE CITY CURLING CLUB LLC PO BOX 2245 TRAVERSE CITY MI 49685 854345546 INVESTMENT MI 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 TRAVERSE CITY INTERNATIONAL CURLING CENTER J 81000 FMV TRAVERSE CITY INTERNATIONAL CURLING CENTER K 66000 FMV TRAVERSE CITY INTERNATIONAL CURLING CENTER Q 15000 FMV