2025-08-06T14:24:48-05:00 2024-09-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2024-01-01 592369514 OAKS CLUB CORPORATION OAKS 9419662161 301 MACEWEN DR OSPREY FL 34229 ANNE LOCKIE TREASURER 9419662161 2025-08-04 1 0 CHRISTOPHER CECIL P01877773 5616971785 2025-08-04 2024 2025-03-06 01:10:19Z HOLLY FARRELL 301 MACEWEN DR OSPREY FL 34229 17200470 0 X HTTPS://THEOAKSCLUB.COM/ X 1984 FL THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE AND MAINTAIN A CLUB WHICH AFFORDS WORLD-CLASS GOLF, TENNIS, SOCIAL FACILITIES AND ACTIVITIES FOR THE BENEFIT AND USE OF ITS MEMBERS AND GUESTS. 9 9 0 100 406523 210761 0 0 14280455 11378725 -500753 63917 5598854 4556574 19378556 15999216 0 0 0 0 7701422 6425108 0 0 0 11314787 8654989 19016209 15080097 362347 919119 46239717 54491370 16372930 21773812 29866787 32717558 THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE AND MAINTAIN A CLUB WHICH AFFORDS WORLD-CLASS GOLF, TENNIS, SOCIAL FACILITIES AND ACTIVITIES FOR THE BENEFIT AND USE OF ITS MEMBERS AND GUESTS. 0 0 PROVIDING AND MAINTAINING THE CLUB FACILITIES FOR THE BENEFIT AND USEOF ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 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 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 3509397 220568 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 FL X KIRSTY TAYLOR 9419662161 301 MACEWEN DRIVE OSPREY FL 34229 KAREN ORR BOARD MEMBER (THROUGH 3/24)/PRESIDENT (AS OF 4/24) 6.50 X X 0 0 0 JOSEPH HENRY BOARD MEMBER (THROUGH 3/24)/VICE PRESIDENT (AS OF 6.50 X X 0 0 0 WENDY LAHOOD BOARD MEMBER (THROUGH 3/24)/SECRETARY (AS OF 4/24) 6.50 X X 0 0 0 STEPHEN BLOWERS TREASURER 6.50 X X 0 0 0 LOU RICHARDSON-RHYNE PRESIDENT (THROUGH 3/24) 6.50 X X 0 0 0 KENNETH FISCHL SECRETARY (THROUGH 3/24) 6.50 X X 0 0 0 ERIC SMITH VICE PRESIDENT (THROUGH 3/24)/BOARD MEMBER (AS OF 6.50 X X 0 0 0 JAMES SAPPINGTON BOARD MEMBER 6.50 X 0 0 0 DONALD GRIMES BOARD MEMBER (AS OF 4/24) 6.50 X 0 0 0 PAUL SCHACHTER BOARD MEMBER (THROUGH 3/24) 6.50 X 0 0 0 MICHAEL HAGAN BOARD MEMBER (AS OF 4/24) 6.50 X 0 0 0 JAMES ROONEY BOARD MEMBER (AS OF 4/24) 6.50 X 0 0 0 BRUCE ZAHN GM/COO (THROUGH 9/15) 40.00 X 0 0 0 HOLLY FARRELL ASSISTANT GM (THROUGH 9/15)/GM/COO (AS OF 9/15) 40.00 X 0 0 0 0 0 0 MEMBERSHIP & DUES 713910 9922203 9922203 OTHER GOLF REVENUE 713910 978235 841459 136776 FITNESS AND WELLNESS 713910 275472 275472 TENNIS FEES 713910 118490 90003 28487 LOCKER FEES 713910 84325 84325 11378725 226397 226397 3645 166125 -162480 -162480 -162480 1940891 1035129 905762 890899 14863 CAPITAL CHARGES 713910 2815002 2815002 ASSOCIATE AND SOCIAL INITIATION F 713910 664395 664395 OTHER 713910 141415 141415 30000 30000 3650812 15999216 15755173 406523 -162480 X 5250021 1175087 17807 2064999 454905 GOLF COURSE MAINTENANCE 2192060 BUILDING AND COMMON ARE 786769 ADMINISTRATIVE AND GENE 680324 FOOD & BEVERAGE 577176 1880949 15080097 2332593 3186748 5248880 4885777 350239 335464 1158071 909165 67631080 29501102 30841916 38129978 5657984 5883152 650034 1161086 46239717 54491370 2052415 1821807 3401942 3347547 4878026 10668858 6040547 5935600 16372930 21773812 X 29866787 32717558 29866787 32717558 46239717 54491370 X 919119 60152 1871500 X X 0 1 X 1 0 9367112 9367112 17165381 14748588 2416793 11140223 1553076 9587147 29958364 13199438 16758926 38129978 U.S TREASURY BILLS 5883152 F 5883152 DUES AND FEES COLLECTED IN ADVANCE 4721418 FINANCE LEASE OBLIGATION 1024831 OPERATING LEASE OBLIGATION 24089 CONSTRUCTION PAYABLE 165262 5935600 X 17094497 60152 60152 17034345 -1035129 -1035129 15999216 16115226 1035129 1035129 15080097 0 15080097 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 CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,035,129. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,035,129. FORM 990, PART VI, SECTION A, LINE 6 PURCHASERS OF REAL ESTATE LOTS IN THE DEVELOPMENTS KNOWN AS OAKS I, OAKS II, AND OAKS III MUST PURCHASE EITHER A SOCIAL OR EQUITY MEMBERSHIP, THE COST OF WHICH IS PRESENTLY DETERMINED BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION ADHERES TO ITS BY-LAWS, WHICH REQUIRE THE EQUITY MEMBERS TO VOTE ON THE SELECTION OF ITS BOARD MEMBERS. ONLY EQUITY MEMBERS ARE ENTITLED TO VOTE. THE ORGANIZATION FOLLOWS ITS BY-LAWS TO ENSURE A QUORUM OF EQUITY MEMBERS HAVE VOTED. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION ADHERES TO ITS BY-LAWS WHICH REQUIRE APPROVAL OF THE EQUITY MEMBERS BEFORE COMMENCING WITH THE ADDITION OF ANY NEW STRUCTURE OR CLUB FACILITY, OR COMMENCING WITH THE IMPROVEMENT, REPLACEMENT OR REPAIR OF ANY EXISTING CLUB PROPERTY, WHERE THE COST OF THE ADDITION, IMPROVEMENT, REPLACEMENT OR REPAIR IS EXPECTED TO EXCEED $400,000. EXCEPT, MEMBER APPROVAL IS NOT REQUIRED FOR THE REPAIR OR REPLACEMENT OF ANY CLUB PROPERTY EXCEEDING $400,000 IF THE EXPENDITURE IS NECESSITATED BY AN UNEXPECTED EVENT OR DISCOVERY, IS NECESSARY FOR REASONS OF HEALTH, SAFETY OR TO PREVENT FURTHER DAMAGE TO THE CLUB'S EXISTING INFRASTRUCTURE AND THE EXPENDITURE IS APPROVED BY AN 80% VOTE OF THE GOVERNING BODY. IN ADDITION, APPROVAL OF THE EQUITY MEMBERS IS REQUIRED BEFORE (I) ACQUIRING OR CONTRACTING TO ACQUIRE ADDITIONAL LAND IF THE CLUB'S ASSETS, IN WHOLE OR IN PART, ARE TO BE PLEDGED AS COLLATERAL, (II) DISPOSING OF REAL PROPERTY OWNED BY THE CLUB OR (III) LEVYING AN ASSESSMENT FOR ADDITIONS TO, OR THE IMPROVEMENT, REPLACEMENT OR REPAIR OF ANY CLUB PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE MEMBERS OF THE GOVERNING BODY ARE PROVIDED A COPY OF THE RETURN PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF GOVERNORS MEMBERS, THE GENERAL MANAGER, ALL DEPARTMENT DIRECTORS, AND ALL PURCHASERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. THE ACCOUNTING OFFICE NOTIFIES MANAGEMENT IF THERE APPEARS TO BE A CONFLICT. MANAGEMENT AND THE BOARD REVIEW BEFORE ENTERING INTO AGREEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF GOVERNORS SETS THE COMPENSATION FOR COO/GM USING A COMPENSATION MARKET SURVEY AND STUDY ALONG WITH THE RESPECTIVE WRITTEN EMPLOYMENT CONTRACTS. THE COMPENSATION COMMITTEE CONSISTS OF THE PRESIDENT, VICE PRESIDENT, AND TREASURER. DUE TO THE NOT-FOR-PROFIT NATURE OF THE CLUB AND THE PURPOSE OF THE ORGANIZATION AND OPERATION, NON-EMPLOYEE OFFICERS SHALL SERVE WITHOUT COMPENSATION OR SALARY FROM THE CLUB, BUT WILL BE ENTITLED TO REIMBURSEMENT FOR ALL EXPENSES REASONABLY INCURRED IN PERFORMING ANY DUTIES PURSUANT TO THE BYLAWS. 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 GOVERNING DOCUMENTS ARE MADE AVAILABLE ON THE CLUB'S WEBSITE AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E GOLF ACTIVITIES 479,633. FITNESS AND WELLNESS 279,605. EVENTS 227,011. RACQUET SPORTS 192,145. PROPERTY TAXES 190,025. INTEREST RATE SWAP AGREEMENT 181,522. OTHER NON-OPERATING EXPENSE 147,926. MEMBERSHIP 108,452. HOUSEKEEPING 74,630. FORM 990, PART XI, LINE 9: EQUITY CERTIFICATES ISSUED AND UPGRADED 3,000,000. EQUITY CERTIFICATES REDEEMED -1,128,500. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. OAKS CLUB REALTY SERVICES LLC 301 MACEWEN DRIVE OSPREY FL 34229 833648165 REAL ESTATE BROKERAGE FL 27030 N/A