2026-09-12T10:27:56-05:00 2025-10-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2024-11-01 591262000 DELRAY DUNES GOLF AND COUNTRY CLUB INC DELR 5617321600 12005 DUNES ROAD BOYNTON BEACH FL 33436 WALTER MOODIE TREASURER/FINANCE CHAIR 5617321600 2026-09-08 1 1 CHRISTOPHER CECIL P01877773 5616971785 2026-09-04 2024 JOHN ADAMOVICH 12005 DUNES ROAD BOYNTON BEACH FL 33436 12342666 0 X DELRAYDUNES.ORG X 1968 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 131 12 529561 118415 0 0 7873302 9036771 -1914451 39583 1301671 1754134 7260522 10830488 0 0 0 0 6373245 7487029 0 0 0 4372681 4983060 10745926 12470089 -3485404 -1639601 23973686 23523670 7690293 7035332 16283393 16488338 DELRAY DUNES GOLF AND COUNTRY CLUB 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 MAINTAINS AND OPERATES A GOLF COURSE, CLUBHOUSE, & DINING FACILITY FOR THE BENEFIT OF ITS MEMBERS. TOTAL GOLF REVENUE FOR THE YEAR ENDING 10/31/25 WAS $1,044,440 OF WHICH $924,104 WAS MEMBER RELATED. TOTAL FOOD AND BEVERAGE FOR THE YEAR ENDING 10/31/25 WAS $2,669,224 OF WHICH $2,338,272 WAS 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 1 0 0 1 13 0 1 131 1 1 1 0 0 0 1 1 0 532817 0 0 0 X 12 12 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X JOANNE AQUILINA CHIEF FINANCIAL OFFICER 5617321600 12005 DUNES RD BOYNTON BEACH FL 33436 TOM GLANFIELD PRESIDENT 3.00 X X 0 0 0 SUSAN MAKOS VICE PRESIDENT 3.00 X X 0 0 0 WALTER MOODIE VICE PRESIDENT/TREASURER 3.00 X X 0 0 0 MARY JO ANDERSON SECRETARY 3.00 X X 0 0 0 JOHN ADAMOVICH GOVERNOR 3.00 X 0 0 0 RICHARD ECONOMOU GOVERNOR 3.00 X 0 0 0 RICK POWELL GOVERNOR 3.00 X 0 0 0 STEVE MISKEW GOVERNOR 3.00 X 0 0 0 VIRGINIA ROHR GOVERNOR 3.00 X 0 0 0 PAGE WIGGINS GOVERNOR (THROUGH 9/16/2025) 3.00 X 0 0 0 ROBIN SHINE GOVERNOR 3.00 X 0 0 0 TERRY HAMILTON GOVERNOR 3.00 X 0 0 0 MIKE AMELUNG GOVERNOR 3.00 X 0 0 0 GERRY SMITH GOVERNOR 3.00 X 0 0 0 THOMAS JORDAN GENERAL MANAGER (THROUGH 5/31/2025) 60.00 X 395151 0 32733 KATHLEEN MCLEOD CONTROLLER (THROUGH 11/30/2024) 45.00 X 121809 0 37814 JOANNE AQUILINA CFO 45.00 X 0 0 0 MICHAEL NADEAU ASSISTANT GM (THROUGH 5/12/2025) 60.00 X 172974 0 37403 DOMINICK LAUDIA EXECUTIVE CHEF 60.00 X 183357 0 33437 ERIC SCHILLINGER DIRECTOR OF GOLF 60.00 X 127480 0 35315 DAVID TANDY GOLF COURSE SUPERINTENDENT 60.00 X 235117 0 57745 1235888 0 234447 6 0 1 0 0 MEMBERSHIP DUES 713910 8080940 8080940 GOLF 713910 955831 835495 120336 9036771 143209 143209 3000 3000 0 17303 120929 -103626 -103626 -103626 2827143 1388249 1438894 1172878 266016 OTHER INCOME 713910 174725 174725 FINANCE CHARGES 713910 73455 73455 FITNESS 713910 51807 51807 15253 15253 315240 10830488 10404553 529561 -103626 6087797 1399232 288386 1223123 303036 GOLF COURSE MAINTENANCE 804228 FOOD & BEVERAGE 709495 GENERAL & ADMINISTRATIV 495461 CLUBHOUSE & LOCKER ROOM 240193 919138 12470089 3240652 3067806 463955 605067 156095 150041 236197 274921 26695689 7448905 19560016 19246784 316771 179051 23973686 23523670 1219399 1124620 6470894 5910712 7690293 7035332 X 16283393 16488338 16283393 16488338 23973686 23523670 X -1639601 1844546 X X 0 1 X 1 0 1098677 1098677 12123587 3343236 8780351 4540413 3168625 1371788 8933012 937044 7995968 19246784 LONG TERM DEBT 5718561 DUE TO RESIGNED MEMBERS 13100 OPERATING LEASE LIABILITY 179051 5910712 X 12221737 1391249 1391249 10830488 0 10830488 13861338 1391249 1391249 12470089 0 12470089 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 STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FASB ASC. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 3,000. RENTAL EXPENSES 1,388,249. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 3,000. RENTAL EXPENSES 1,388,249. X X X 1 0 0 THOMAS JORDAN GENERAL MANAGER (THROUGH 5/31/2025) 342901 0 52250 0 0 0 10503 0 22230 0 427884 0 0 0 DAVID TANDY GOLF COURSE SUPERINTENDENT 235117 0 0 0 0 0 14552 0 43193 0 292862 0 0 0 DOMINICK LAUDIA EXECUTIVE CHEF 183357 0 0 0 0 0 0 0 33437 0 216794 0 0 0 MICHAEL NADEAU ASSISTANT GM (THROUGH 5/12/2025) 172974 0 0 0 0 0 2650 0 34753 0 210377 0 0 0 ERIC SCHILLINGER DIRECTOR OF GOLF 127480 0 0 0 0 0 3675 0 31640 0 162795 0 0 0 KATHLEEN MCLEOD CONTROLLER (THROUGH 11/30/2024) 121809 0 0 0 0 0 4042 0 33772 0 159623 0 0 0 PART I, LINE 4A MICHAEL NADEAU $77,173 FORM 990, PART VI, SECTION A, LINE 4 THE PROCESS FOR SELECTING THE NOMINATING COMMITTEE WAS CHANGED FROM A GENERAL MEMBERSHIP ELECTION TO APPOINTMENT BY THE BOARD OF GOVERNORS (BOG). THE WAITING PERIOD FOR NOMINATING COMMITTEE MEMBERS TO BE ELIGIBLE FOR THE BOG WAS REDUCED FROM THREE YEARS TO TWO. ADDITIONALLY, TERM LIMITS FOR THE NOMINATING COMMITTEE WERE EXTENDED TO THREE YEARS, WHILE LIMITS FOR OTHER STANDING COMMITTEES WERE INCREASED TO FIVE YEARS. THE MEMBERSHIP COMMITTEE WAS ALSO RENAMED THE "MEMBERSHIP AND MARKETING COMMITTEE." FOR MEMBERSHIPS HELD BY LEGAL ENTITIES, THE BYLAWS NOW CLARIFY THAT THE DESIGNATED INDIVIDUAL IS JOINTLY AND SEVERALLY LIABLE FOR ALL FINANCIAL OBLIGATIONS. FURTHERMORE, RESIDENT MEMBERS MUST NOW HOLD THEIR MEMBERSHIP FOR AT LEAST THREE YEARS PRIOR TO A PROPERTY SALE TO RETAIN THEIR MEMBERSHIP STATUS. THE CLUB ALSO FORMALIZED "LEAVE OF ABSENCE" ELIGIBILITY FOR SOCIAL MEMBERS AND CLARIFIED FINANCIAL REQUIREMENTS FOR MEMBERS TRANSITIONING BETWEEN MEMBERSHIP CLASSES. THE BOG'S AUTHORITY TO APPROVE NON-EMERGENCY CAPITAL EXPENDITURES WITHOUT A MEMBER VOTE WAS INCREASED FROM $500,000 TO $750,000. A NEW PROVISION WAS ADDED GRANTING THE BOG AUTHORITY TO APPROVE EXPENDITURES IN ANY AMOUNT FOR EMERGENCY REPAIRS NECESSITATED BY GOVERNMENT MANDATES OR NATURAL DISASTERS. REGARDING MEMBER FEES, THE ANNUAL ASSESSMENT CAP WAS RAISED FROM $250 TO $1,500, AND THE MAXIMUM DEFERRAL PERIOD FOR MEMBERSHIP CERTIFICATE FEE PAYMENTS WAS REDUCED FROM TEN YEARS TO THREE YEARS. A NEW PROVISION WAS ADOPTED TO PROHIBIT POLITICAL OR RELIGIOUS DISPLAYS AND ACTIVITIES ON CLUB PROPERTY, WHILE ALLOWING FOR TRADITIONAL SEASONAL DECORATIONS. ADMINISTRATIVELY, THE "HOUSE MEMBER" CATEGORY WAS ELIMINATED, AND A NEW REQUIREMENT WAS ESTABLISHED FOR THE BOG TO HOLD AT LEAST NINE REGULAR MEETINGS PER YEAR. FINALLY, THE BYLAWS WERE UPDATED TO PROVIDE SURVIVING SPOUSES OF HONORARY MEMBERS WITH CONTINUED ACCESS TO CLUB FACILITIES. 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 CATEGORY HAS VOTING PRIVILEGES: REGULAR GOLF MEMBER IN GOOD STANDING. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD OF GOVERNORS ARE SUBJECT TO MEMBERSHIP APPROVAL: (1) CHANGES TO THE BY-LAWS (2) CAPITAL EXPENDITURES IN EXCESS OF $750,000 (3) CAPITAL BORROWING IN EXCESS OF $500,000 (4) ASSESSMENTS IN EXCESS OF $1,500 PER MEMBER 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 CFO AND TREASURER. THE TREASURER REVIEWS FORM 990 WITH THE OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C QUESTIONNAIRES ARE COMPLETED EACH JANUARY, REVIEWED BY THE PRESIDENT AND GM/COO AND FORWARDED TO THE CHIEF FINANCIAL OFFICER FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL BY THE BOARD, USE OF COMPARABLE COMPENSATION FOR SIMILAR QUAILFIED PERSONS, AND DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS ARE USED FOR DETERMINING THE COMPENSATION OF THE GENERAL MANAGER AND OTHER TOP MANAGEMENT OFFICIALS. 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 CLUB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABE FOR INSPECTION AT THE CLUB. ADDITIONALLY, THE FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERS' CERTIFICATES REDEEMED -24,900. MEMBERSHIP CERTIFICATE FEES 1,214,367. CAPITAL ASSESSMENTS 628,500. MEMBERSHIP CERTIFICATE FEES, INSTALLMENTS COLLECTED 26,579. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. DELRAY DUNES ASSOCIATION INC 12005 DUNES ROAD BOYNTON BEACH FL 33436 591447663 PROPERTY OWNERS ASSOCIATION FL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 DELRAY DUNES ASSOCIATION INC P 139000 CASH DELRAY DUNES ASSOCIATION INC Q 67000 CASH