2025-01-13T11:54:26-06:00 2024-03-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2023-04-01 950537630 BEL-AIR COUNTRY CLUB BEL- 3104729563 10768 BELLAGIO ROAD LOS ANGELES CA 900773730 ADAM FANNON CEO/GENERAL MANAGER 3104729563 2025-01-12 1 0 MARK J HENNELLY P00982999 8186375000 2023 2024-10-15 13:58:12Z 10768 BELLAGIO ROAD LOS ANGELES CA 900773730 23483678 0 X WWW.BEL-AIRCC.GOLF X 1925 CA PROMOTE THE BENEFIT, PLEASURE, AND RECREATION OF ITS MEMBERS BY OWNING, OPERATING, AND MANAGING A GOLF AND SOCIAL CLUB 9 9 148 0 464879 195937 0 0 16758278 18015795 12999 168354 164913 -291449 16936190 17892700 0 0 0 0 7422901 7859345 0 0 0 6410236 6113392 13833137 13972737 3103053 3919963 63696335 90091799 30785920 53216398 32910415 36875401 PROMOTE THE BENEFIT, PLEASURE, AND RECREATION OF ITS MEMBERS BY OWNING, OPERATING, AND MANAGING A GOLF AND SOCIAL CLUB 0 0 ALL PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 148 1 1 1 0 0 0 1 1 3350843 464621 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 X BEL-AIR COUNTRY CLUB 3104729563 10768 BELLAGIO ROAD LOS ANGELES CA 900773730 HARRY CHUNG PRESIDENT 8.00 X X 0 0 0 PETER MATHES VICE PRESIDENT 8.00 X X 0 0 0 ED WILSON SECRETARY 8.00 X X 0 0 0 STEPHEN HOWE TREASURER 8.00 X X 0 0 0 JASON CASSIDY DIRECTOR 8.00 X 0 0 0 STEVE RENNIE DIRECTOR 8.00 X 0 0 0 BOB LEVITT DIRECTOR 8.00 X 0 0 0 JOE HUBER DIRECTOR 8.00 X 0 0 0 PETER BEST DIRECTOR 8.00 X 0 0 0 ADAM FANNON - W2 REPORTED CEO\GENERAL MANAGER 60.00 X 0 0 0 JUSTIN DEPIPPO - W2 REPORTED GOLF COURSE SUPER 60.00 X 0 0 0 DAVID PODAS - W2 REPORTED GOLF DIRECTOR 60.00 X 0 0 0 JOHN SLOOTWEG - W2 REPORTED DIRECTOR TENNIS 40.00 X 0 0 0 ANTHONY COTRONEO - W2 REPORTED EXECUTIVE CHEF 60.00 X 0 0 0 DARYN WOOD - W2 REPORTED CONTROLLER 60.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 713910 10515050 10515050 INITIATION/TRANSFER FEES 713910 3350843 3350843 CAPITAL DUES 713910 2750430 2750430 GOLF ACTIVITIES 713910 1315347 1187942 127405 OTHER 713910 78707 78707 5418 5418 18015795 165288 165288 146077 51127 94950 94950 94950 3066 0 3066 3066 3066 5153452 5539851 -386399 -463635 77236 17892700 17427821 464879 0 6848757 232080 591061 187447 117889 1953931 205545 SUPPLIES 1062272 UTILITIES 647828 OUTSIDE SERVICES 434188 ENTERTAINMENT & DECORAT 382852 1308887 13972737 1034255 1163479 2342341 13030958 875069 1196371 420000 360000 543514 681775 600302 607143 86845169 14526657 57249802 72318512 631052 733561 63696335 90091799 6917481 7156481 15374 14819 21949793 44033437 1903272 2011661 30785920 53216398 X 32910415 36875401 32910415 36875401 63696335 90091799 X 3919963 46643 -1620 X 0 1 X 1 0 4111504 4111504 852482 467272 385210 4524806 3380965 1143841 77356377 10678420 66677957 72318512 MEMBERSHIP DEPOSITS 1278100 DEFERRED COMPENSATION 733561 2011661 X 23950601 46643 6011258 6057901 17892700 0 17892700 19985615 6012878 6012878 13972737 0 13972737 PART X, LINE 2: THE CLUB IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND SECTION 23701G OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE CLUB IS SUBJECT TO THE ASSESSMENT OF TAXES ON WHAT IS TERMED "UNRELATED BUSINESS INCOME." THIS IS GENERALLY DEFINED AS INTEREST INCOME, RENTAL INCOME, AND NONMEMBER INCOME FROM SOURCES SUCH AS FOOD, BEVERAGE, AND GOLF REVENUES. THE CLUB RECOGNIZES TAX POSITIONS IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF MARCH 31, 2024 AND 2023, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF MARCH 31, 2024, THE CLUB'S ANNUAL TAX FILINGS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,539,851. RENTAL EXPENSE 51,127. INTEREST 420,280. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUEL TAX CREDIT 1,620. COST OF GOODS SOLD 5,539,851. RENTAL EXPENSE 51,127. INTEREST 420,280. JUSTIN DEPIPPO X 300000 180000 0 1 1 ADAM FANNON X 300000 180000 0 1 1 360000 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE CLUB HAS EQUITY MEMBERS FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - ALL REGULAR MEMBERS ARE VOTING MEMBERS AND ANNUALLY ELECT THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 7B AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE MEMBERS OF THE CLUB APPROVE ANY CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE TAX RETURNS ARE FIRST REVIEWED BY THE ORGANIZATION'S CONTROLLER WHICH INCLUDES A COMPARATIVE REVIEW TO THE ORGANIZATION'S FINANCIAL STATEMENTS. AFTER REVIEW, THE CONTROLLER REVIEWS WITH THE CEO. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY RELATIONSHIP OR INTEREST DIRECT OR INDIRECT WITH THE CLUB FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEE COMPENSATION IS SUBMITTED BY THE GENERAL MANAGER AFTER REVIEW WITH THE EMPLOYEE AND REVIEW OF WAGE SURVEYS WITH THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE. A GENERAL MANAGER'S REVIEW AND APPROVAL IS DONE ANNUALLY BY THE CLUB PRESIDENT AND BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: FUEL TAX CREDIT -1,620.