2025-11-13T03:56:07-06:00 2024-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2024-01-01 113774878 SHADOW WOOD COUNTRY CLUB INC SHAD 2399926000 22801 OAKWILDE BLVD BONITA SPRINGS FL 34135 RICHARD BUTLER PRESIDENT 2399926000 2025-11-07 1 1 CHRISTOPHER CECIL P01877773 5616971785 2025-11-07 2024 2025-03-06 01:10:19Z RICHARD BUTLER 22801 OAKWILDE BOULEVARD BONITA SPRINGS FL 34135 26965915 0 X WWW.SHADOWWOODCC.COM X 2006 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 398 9 1570671 675254 0 0 18908222 19652621 175323 192420 3589262 3204633 22672807 23049674 0 0 0 0 13517083 13355586 0 0 0 13034954 13983003 26552037 27338589 -3879230 -4288915 65169222 73427907 18882328 21285210 46286894 52142697 SHADOW WOOD COUNTRY CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS THREE (3) 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 12/31/24 WAS APPROXIMATELY 99,149 OF WHICH APPROXIMATELY 4,200 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $5,235,320 OF WHICH $1,103,329 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 1 101 0 1 398 1 1 1 0 0 0 1 1 0 1391709 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JASON ANGELL CFO 2399926000 22801 OAKWILDE BLVD BONITA SPRINGS FL 34135 RICHARD BUTLER PRESIDENT 20.00 X X 0 0 0 RICK JACKSON VICE PRESIDENT 20.00 X X 0 0 0 DAVID TURNER TREASURER 20.00 X X 0 0 0 ROBERT NERO SECRETARY 20.00 X X 0 0 0 DAVID VANVLIET DIRECTOR 20.00 X 0 0 0 RAYMOND FISHER DIRECTOR 20.00 X 0 0 0 SUSAN GANZ DIRECTOR 20.00 X 0 0 0 WENDY KENNEDY DIRECTOR 20.00 X 0 0 0 GREG DEVOU DIRECTOR 20.00 X 0 0 0 BRIAN BARTOLEC GENERAL MANAGER 40.00 X 1515065 0 45316 JASON ANGELL CFO (AS OF 12/13/24) 40.00 X 41700 0 8300 MATTHEW SPIERS CFO (THRU 12/13/24) 40.00 X 224686 0 3654 ANDREW SCRIVNER ASSISTANT GENERAL MANAGER 40.00 X 365134 0 40771 ERIC RUHA DIRECTOR OF AGRONOMY 40.00 X 362974 0 40603 RICHARD CRISANTI EXECUTIVE CHEF 40.00 X 361288 0 31227 DANITA OSBORN MEMBERSHIP DIRECTOR 40.00 X 225529 0 36931 BRYAN MCCOMB DIRECTOR OF GOLF 40.00 X 209399 0 26319 3305775 0 233121 19 0 1 0 MJS GRASSING LLC 11983 TAMIAMI TRAIL NORTH 115 NAPLES FL 34110 GCM SUPPLIES AND PROJECT LABOR 1172872 PROFESSIONAL GREEN CARE 25504 LUCI DR BONITA SPRINGS FL 34135 TREE SERVICE 800588 AM ARCHITECTURE & INTERIOR DESIGN GROUP 2223 TRADE CENTER WAY NAPLES FL 34109 ARCHITECTURE & INTERIOR DESIGN 681763 MVP WORKFORCE LLC PO BOX 6690 CAROL STREAM IL 60197 GCM LABOR 677205 25 MEMBERSHIP DUES 713910 16008592 16008592 GREENS & CART FEES 713910 3503316 3316888 186428 LOCKER FEES 713910 97070 97070 TENNIS FEES 713910 43643 43643 19652621 740535 740535 548115 -548115 -548115 -548115 6560002 3368126 3191876 2548168 643708 OTHER INCOME 713910 12757 12757 12757 23049674 22027118 1570671 -548115 11136396 2219190 278404 3636651 705371 GOLF COURSE MAINTENANCE 3116468 GENERAL & ADMINSTRATIVE 2683579 FOOD & BEVERAGE 976392 GOLF ACTIVITIES 787930 1798208 27338589 3205499 17422413 1867019 1935895 1333469 1360446 116340 217431 71445385 22257211 46705589 49188174 8700458 0 3240848 3303548 65169222 73427907 3018420 4010518 5734894 7245303 10129014 10029389 18882328 21285210 X 46286894 52142697 46286894 52142697 65169222 73427907 X -4288915 10144718 X X 0 1 X 1 0 3383062 3383062 32474133 7566328 24907805 11239610 6557771 4681839 24348580 8133112 16215468 49188174 OTHER LIABILITIES 444758 LONG TERM DEBT 6853260 LEASE LIABILITIES 2731371 10029389 X 26259148 3209474 3209474 23049674 0 23049674 30706715 3368126 3368126 27338589 0 27338589 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 STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,368,126. INTEREST NOT INCLUDED ON AUDITED FINANCIAL STATEMENTS -158,652. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,368,126. X X X X X 1 1 0 BRIAN BARTOLEC GENERAL MANAGER 758445 0 338510 0 418110 0 17250 0 28066 0 1560381 0 0 0 ANDREW SCRIVNER ASSISTANT GENERAL MANAGER 263844 0 101290 0 0 0 9855 0 30916 0 405905 0 0 0 ERIC RUHA DIRECTOR OF AGRONOMY 290548 0 72426 0 0 0 16990 0 23613 0 403577 0 0 0 RICHARD CRISANTI EXECUTIVE CHEF 302221 0 59067 0 0 0 17250 0 13977 0 392515 0 0 0 DANITA OSBORN MEMBERSHIP DIRECTOR 208963 0 16566 0 0 0 11622 0 25309 0 262460 0 0 0 BRYAN MCCOMB DIRECTOR OF GOLF 184247 0 25152 0 0 0 8931 0 17388 0 235718 0 0 0 MATTHEW SPIERS CFO (THRU 12/13/24) 181334 0 18352 0 25000 0 0 0 3654 0 228340 0 0 0 PART I, LINES 4A-B MATTHEW SPIERS, $25,000 SEVERANCE BRIAN BARTOLEC, $418,110 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 MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF, EXECUTIVE, SENIOR, LIFESTYLE, SOCIAL, AND CLUBHOUSE ALL CAN VOTE IN THE ELECTION OF OFFICERS AND DIRECTORS, BUT DO NOT RECEIVE EQUALLY WEIGHTED VOTES. GOLF RECEIVES 6 VOTES, SPORTS RECEIVES 4, TENNIS RECEIVES 2, AND SOCIAL RECEIVES 1. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD ARE SUBJECT TO MEMBERSHIP APPROVAL: (1)ANY MEMBERSHIP ASSESSMENT BEYOND OPERATING AND CAPITAL DUES, (2) ANY BYLAW CHANGES AND (3) ANY CAPITAL EXPENDITURES GREATER THAN $600,000. 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. THE TREASURER THEN REVIEWS FORM 990 IN ITS ENTIRETY WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL MANAGER & CFO REVIEW EACH PAYMENT TRANSACTION IN ORDER TO MONITOR TRASACTIONS FOR CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE DETERMINES THE COMPENSATION FOR THE GM/COO, CFO, DIRECTOR OF GOLF, DIRECTOR OF TENNIS, DIRECTOR OF MEMBERSHIP, DIRECTOR OF MAINTENANCE AND AGRONOMY, DIRECTOR OF F&B, AND THE EXECUTIVE CHEF. THE COMMITTEE USES MARKET DATA FROM EXTERNAL SOURCES TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB'S WEBSITE. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: PROCEEDS FROM NON-REFUNDABLE EQUITY MEMBERSHIP SALES 7,752,754. REDEMPTION OF CHARTER EQUITY MEMBERSHIPS -1,204,800. CAPITAL DUES 2,456,586. CAPITAL REPLACEMENT FUNDING 1,298,830. INTEREST NOT INCLUDED ON AUDITED FINANCIAL STATEMENTS -158,652. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.