2025-12-09T16:45:08-06:00 2024-12-31 331827687 CRC ADVISORY LLC POBOX 3188 REDMOND WA 980733188 990 2024-01-01 990347546 THE CLUB AT HOKULIA INC CLUB 4258618500 PO BOX 2633 REDMOND WA 98073 D EDSON CLARK TREASURER 4258618500 2025-12-09 1 0 D EDSON CLARK CPA P00003908 4258618500 2025-12-09 2024 2025-03-06 01:10:19Z D EDSON CLARK PO BOX 3188 REDMOND WA 98073 10592344 0 X HOKULIACLUB.COM X 1999 HI THE CLUB WAS STARTED AND CONTINUES TO FUNCTION WITH THE PURPOSE OF OWNING AND OPERATING A PRIVATE GOLF AND SOCIAL CLUB FOR RECREATION, PLEASURE AND BENEFIT OF ITS MEMBERS, THEIR FAMILIES AND GUESTS. THE CLUB PROVIDES AN OPPORTUNITY FOR PERSONAL CONTACT AMONG MEMBERS THROUGH RECREATIONAL ACTIVITIES AT THE GOLF COURSE 255 0 91 0 20084 0 7224072 8666617 1783074 1925727 0 0 0 0 9007146 10592344 0 0 0 0 4715484 4273784 0 0 0 4833929 6318560 9549413 10592344 -542267 0 52256342 52783759 8671820 9300690 43584522 43483069 X THE CLUB AT HOKULI'A WAS STARTED AND CONTINUES TO FUNCTION WITH THE PURPOSE OF OWNING AND OPERATING A PRIVATE GOLF AND SOCIAL CLUB FOR THE RECREATION, PLEASURE AND BENEFIT OF ITS MEMBERS, THEIR FAMILIES AND GUESTS. THE CLUB'S GOLF COURSE IS LOCATED ON THE OCEANSIDE OF THE HOKULI'A COMMUNITY DEVELOPMENT CONSISTING OF 1,550 ACRES ON THE KONA COAST ON THE ISLAND OF HAWAII. MEMBERSHIPS TO THE CLUB INCLUDE BOTH EQUITY AND NON EQUITY OPTIONS. CHARTER MEMBERSHIPS ARE ALSO AVAILABLE TO SOME HOKULI'A COMMUNITY OWNERS THROUGH SELECT PROPERTY PURCHASES. THE CLUB ACTIVITIES ARE MAINLY FUNDED THROUGH MEMBERSHIP DUES AND GOLF REVENUE. ALL EMPLOYEE ACTIVITIES PERFORMED ON CLUB PROPERTY IS COMPLETED WITH THE PURPOSE OF SUPPORTING THE OPERATIONS OF THE CLUB.THE CLUB AT HOKULI'A PROVIDES AN OPPORTUNITY FOR PERSONAL CONTACT AMONG MEMBERS THROUGH RECREATIONAL ACTIVITIES AT THE GOLF COURSE. 0 0 THE CLUB PROVIDES AN OPPORTUNITY FOR PROMOTING AND ENCOURAGING SOCIAL INTERACTION AMONG MEMBERS THROUGH RECREATIONAL ACTIVITES AT THE GOLF COURSE 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 91 0 1 1 0 0 0 0 360000 0 0 0 0 X 255 0 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 HI X JAMES LJUNGHAMMAR 8083904108 PO BOX 247 KEALAKEKUA HI 96750 X CHRISTOPER WILLIAMS PRESIDENT & OFFICER 20.00 X X 0 0 0 JOHN LOPEZ VICE-PRESIDENT & OFFICER 10.00 X X 0 0 0 TIM GRAFF DIRECTOR & OFFICER 10.00 X X 0 0 0 JASON PAMMER DIRECTOR & OFFICER 10.00 X X 0 0 0 D EDSON CLARK DIRECTOR & TREASURER 10.00 X 0 0 0 BRUCE WEBSTER DIRECTOR 10.00 X 0 0 0 LEE COCHRAN DIRECTOR 10.00 X 0 0 0 0 0 0 0 0 0 0 0 8666617 8666617 GOLF OPERATIONS 713910 694802 680906 13896 FOOD & BEVERAGES 713910 618776 612588 6188 HOKULI'A SPECIAL EVENTS 713910 123212 123212 SPA & FITNESS 713910 27110 27110 461827 461827 1925727 10592344 1905643 20084 0 X 4273784 463105 448855 630271 313313 SPA & AMENITIES EXPENSE 1581986 OTHER PAYROLL EXPENSES 867992 EQUIPMENT LEASES 395344 REPAIRS & MAINTENANCE 390197 1227497 10592344 310954 216877 1114126 1318642 347860 448871 42828 42828 57152503 12850530 45024647 44301973 1 1 5415926 6454567 52256342 52783759 316328 622129 2892989 2402883 5462503 6275678 8671820 9300690 X 0 0 48812448 49202775 -5227926 -5719706 43584522 43483069 52256342 52783759 X 0 -101453 X X 1 X 0 1 0 8630441 8630441 46190847 12850530 33340317 1185884 1185884 1145331 1145331 44301973 ASSESSMENTS RECEIVABLE 515289 DEFERRED DEVELOPER RECEIVABLE 4547033 DEFERRED DEVELOPER SPECIAL ASSESSMENT 202703 LONG-TERM SUSPENDED RECEIVABLES 24104 FINANCE ROU ASSET 610860 OTHER ASSETS 554578 6454567 ACCRUED PAYROLL 207576 ACCRUED TAXES 25813 OTHER PAYABLES 205545 OTHER CURRENT LOAN NOTES PAYABLE 585952 LT - FINANCE LEASE 373019 LT - DEFERRED DEVELOPER FEES 4547033 ACCRUED OPERATING EXPENSES 71407 CURRENT PORTION OF FINANCE LEASE 259333 6275678 32175 0 HOKULI'A COMMUNITY SERVICES ASSOCIATION CLUB IS MEMBER OF THE ASSOCIATION 1260000 THE CLUB REIMBURSES A PORTION OF THE GENERAL EXPENSES INCURRED BY THE ASSOCIATION FOR THE OWNERSHIP, OPERATION AND MAINTENANCE OF THE INFRASTRUCTURE 0 FORM 990, PART VI, SECTION A, LINE 6 THE BOARD SHALL BE ELECTED BY MEMBERS WHO ARE EQUITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD CONTEMPORANEOUSLY DOCUMENTS THE BOARD MEETINGS AND RESOULTIONS CONCULED AT THE MEETING FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING PERSONS REVIEWED AND APPROVED THE FORM 990 PRIOR TO FILING THE RETURN FORM 990, PART VI, SECTION C, LINE 18 POLICIES AND DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 POLICIES AND DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART IX, LINE 24E UTILITIES 382,367. FERTILIZER 241,222. OTHER EXPENSES 184,155. TAXES & LICENSES 149,272. TOURNAMENT EXPENSES 123,912. EMPLOYEE EXPENSES 103,446. IRC SEC 277 EXCESS PRIOR YEAR EXPENSES 43,123. FORM 990, PART XI, LINE 9: OTHER -101,453. FORM 990M PART XII, LINE 2C ORGANIZATION'S FINANCIALS HAVE BEEN REVIEWED BY DWC CPA'S AND RECEIVED THE INDEPENDENT ACCOUNTANT'S REVIEW REPORT FOR THE YEAR FORM 990 SCHEDULE O - VOLUNTARY DISCLOSURE DURING THE TAX YEAR, THE ORGANIZATION ENGAGED THE PROFESSIONAL SERVICES OF CLARK, RAYMOND & COMPANY, PLLC, CPA, WHOSE PARTNER D EDSON CLARK, ALSO SERVING AS DIRECTOR & TREASURER. THE CPA PROVIDED ACCOUNTING SERVICES TO THE ORGANIZATION FOR TOTAL FEES OF $32,175 (WHICH IS LESS THAN $100,000, AND NOT REPORTABLE UNDER SCHEDULE L). THE TRANSACTION WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT-OF-INTEREST POLICY. THE BOARD DETERMINED THAT THE FEES WAS REASONABLE AND CONSISTENT WITH FAIR MARKET VALUE FOR SIMILAR PROFESSIONAL SERVICES. THIS DISCLOSURE IS MADE VOLUNTARILY. FORM 990 SCHEDULE O - DISCLOSURE NOTE FOR IRC SEC277 MEMBER CARRYOVER THE CLUB ACCOUNTS FOR MEMBER AND NONMEMBER ACTIVITIES SEPARATELY IN ACCORDANCE WITH INTERNAL REVENUE CODE SEC 277. FOR THE YEAR ENDED DECEMBER 31, 2024, THE CLUB HAD MEMBER INCOME OF $10,592,344 AND MEMBER-RELATED EXPENSES OF $10,549,221 RESULTING IN AN EXCESS OF MEMBER INCOME OVER MEMBER EXPENSES OF $43,123. THE CLUB APPLIED A PRIOR-YEAR CUMULATIVE EXCESS OF MEMBER EXPENSES OVER INCOME OF $9,835,260 UNDER SEC 277 TO FULLY OFFSET THE $43,123 CURRENT-YEAR EXCESS. THE REMAINING CUMULATIVE CARRYOVER OF MEMBER EXPENSES TO FUTURE YEARS IS $9,792,137.