2026-02-16T11:54:56-06:00 2025-03-31 950858589 HUTCHINSON AND BLOODGOOD LLP 500 N BRAND BLVD SUITE 800 GLENDALE CA 91203 990 2024-04-01 950537630 BEL-AIR COUNTRY CLUB BEL- 3104729563 10768 BELLAGIO ROAD LOS ANGELES CA 900773730 ADAM FANNON CEO/GENERAL MANAGER 3104729563 2026-02-16 1 0 MARK J HENNELLY P00982999 8186375000 2024 2025-03-06 01:10:19Z 10768 BELLAGIO ROAD LOS ANGELES CA 900773730 28005815 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 9 187 0 349487 180132 0 0 18015795 20707111 168354 265206 -291449 -126766 17892700 20845551 0 0 0 0 7859345 8798308 0 0 0 6113392 8702465 13972737 17500773 3919963 3344778 90091799 90970544 53216398 50750668 36875401 40219876 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 56 0 187 1 1 1 0 0 0 1 1 4414880 271949 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 STEVE HOWE PRESIDENT 4.00 X X 0 0 0 JOE HUBER VICE PRESIDENT 4.00 X X 0 0 0 NICK VAN DYK SECRETARY 4.00 X X 0 0 0 BRETT WYARD TREASURER 4.00 X X 0 0 0 BOB LEVITT DIRECTOR 4.00 X 0 0 0 PETER BEST DIRECTOR 4.00 X 0 0 0 JOHN AHN DIRECTOR 4.00 X 0 0 0 JASON CASSIDY DIRECTOR 4.00 X 0 0 0 STEVE RENNIE DIRECTOR 4.00 X 0 0 0 ADAM FANNON - W2 REPORTED CEO\GENERAL MANAGER 60.00 X 0 0 0 JUSTIN DEPIPPO - W2 REPORTED DIRECTOR OF AGRONOMY 60.00 X 0 0 0 TOM GARDNER - W2 REPORTED DIRECTOR OF GOLF 60.00 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 DAVID PODAS - W2 REPORTED GOLF DIRECTOR 60.00 X 0 0 0 0 0 0 16 0 0 0 0 MEMBERSHIP DUES 713910 11803900 11803900 INITIATION/TRANSFER FEES 713910 4414880 4414880 CAPITAL DUES 713910 2792505 2792505 GOLF ACTIVITIES 713910 1350450 1228463 121987 OTHER 713910 203278 203278 142098 142098 20707111 104432 104432 150459 52661 97798 97798 97798 160774 0 160774 160774 160774 6883039 7107603 -224564 -249834 25270 20845551 20496064 349487 0 X 7605842 222853 729206 240407 755046 2845188 240424 SUPPLIES 966942 UTILITIES 949688 PROPERTY TAXES 722880 ENTERTAINMENT & DECORAT 450543 1771754 17500773 1163479 1576305 13030958 6869066 1196371 1384014 360000 556862 681775 960639 607143 934057 91429537 13493196 72318512 77936341 733561 753260 90091799 90970544 7156481 6306079 14819 203116 44033437 41996613 2011661 2244860 53216398 50750668 X 36875401 40219876 36875401 40219876 90091799 90970544 X 3344778 1489 -1792 X 0 1 X 1 0 4111504 4111504 53479873 1429552 52050321 1464611 602582 862029 32373549 11461062 20912487 77936341 MEMBERSHIP DEPOSITS 1491600 DEFERRED COMPENSATION 753260 2244860 X 28297970 1489 7450930 7452419 20845551 0 20845551 24953495 7452722 7452722 17500773 0 17500773 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, 2025 AND 2024, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF MARCH 31, 2025, 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 7,107,603. RENTAL EXPENSE 52,661. INTEREST 290,666. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUEL TAX CREDIT 1,792. COST OF GOODS SOLD 7,107,603. RENTAL EXPENSE 52,661. INTEREST 290,666. JUSTIN DEPIPPO X 300000 150000 0 1 1 ADAM FANNON X 300000 150000 0 1 1 TOM GARDNER X 257000 256862 0 1 1 556862 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 IX, LINE 24E OUTSIDE SERVICES 326,336. GOLF COURSE OPERATING EXPENSE 296,005. F&B OPERATING EXPENSE 186,545. A&G OPERATING EXPENSES 182,155. REPAIRS & MAINTENANCE 162,704. PROFESSIONAL FEES 119,333. CLUBHOUSE OPERATING EXPENSE 116,902. OTHER OPERATING EXPENSES 112,275. SECURITY 104,400. PRINTING & STATIONARY 71,193. TAXES & LICENSES 48,476. EQUIPMENT LEASE 20,533. POSTAGE 17,007. LOCKER ROOMS OPERATING EXPENSE 5,265. BAD DEBT 2,625. FORM 990, PART XI, LINE 9: FUEL TAX CREDIT -1,792.