2026-07-07T14:28:42-05:00 2025-08-31 540737372 PBMARES LLP 6751 PARKER FARM DR 2ND FLOOR WILMINGTON NC 28405 990 2024-09-01 560163800 CAROLINA COUNTRY CLUB COMPANY CARO 9197873621 2500 GLENWOOD AVE RALEIGH NC 276081002 J MATTHEW CAPASSO CFO 9197873621 2026-06-29 1 1 EDWARD T YODER CPA P00239134 9107629671 2026-06-29 X 2024 2025-03-06 01:10:19Z JACK S SLAUGHTER 2500 GLENWOOD AVE RALEIGH NC 276081002 23408062 0 X WWW.CAROLINACC.NET X 1918 NC THE CLUB IS A PRIVATE SOCIAL CLUB. 10 10 441 65 1026152 29672 0 0 14638211 15350884 4025 15636 4819560 4761405 19461796 20127925 0 0 0 0 13119438 13794830 0 0 0 8123001 7932602 21242439 21727432 -1780643 -1599507 30605687 31494349 9179248 9558348 21426439 21936001 THE CLUB IS A PRIVATE SOCIAL CLUB 0 0 DINING ROOM AND GRILLE ROOM MAIN BAR AND GRILLE ROOM GOLF, TENNIS, SWIMMING, AND WELLNESS & YOUTH 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 0 0 1 65 0 1 441 1 1 1 0 0 0 1 1 0 1393613 0 0 0 X 10 10 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 0 NC X J MATTHEW CAPASSO 9197873621 2500 GLENWOOD AVE RALEIGH NC 27608 OWEN WILLIAMS PRESIDENT 1.00 X X 0 0 0 JENNINGS GLENN EX-OFFICIO 1.00 X X 0 0 0 DOROTHEA BITLER SECRETARY 1.00 X X 0 0 0 JOHN CHURCH VICE PRESIDENT, TREASURER 1.00 X X 0 0 0 JOHN PACE DIRECTOR 1.00 X X 0 0 0 TERRY MIKELS DIRECTOR 1.00 X 0 0 0 CHUCK PARKER DIRECTOR 1.00 X 0 0 0 WILLIAM PLYLER DIRECTOR 1.00 X 0 0 0 CHARLES WINSTON DIRECTOR 1.00 X 0 0 0 JOHN BOYLAN DIRECTOR 1.00 X 0 0 0 JACK S SLAUGHTER GENERAL MANAGER / COO 45.00 X 503710 0 61866 J MATTHEW CAPASSO CHIEF FINANCIAL OFFICER 45.00 X 220754 0 44631 DAMON GORE WELLNESS DIRECTOR 45.00 X 209620 0 44500 KYLE A JOHNSON GOLF COURSE SUPT. 45.00 X 316936 0 61035 THEORDORE C KIEGIEL GOLF PROFESSIONAL 45.00 X 325571 0 46459 WILLIAMS S CANNON TENNIS DIRECTOR 45.00 X 336132 0 46763 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 45.00 X 202256 0 33141 PATRICK COLLEY EXECUTIVE CHEF 45.00 X 209648 0 44409 EVE SPRING HR DIRECTOR 45.00 X 153820 0 21343 2478447 0 404147 14 0 1 0 LANDSCAPES UNLIMITED LLC 1201 ARIES DRIVE LINCOLN NE 68512 GOLF COURSE SERVICES 1285849 US FOODS INC PO BOX 602211 CHARLOTTE NC 28260 FOOD SERVICE 1177538 AETNA PO BOX 804735 CHICAGO IL 60689 HEALTH INSURANCE 843399 HALPERNS' STEAK & SEAFOOD PO BOX 84943 CHICAGO IL 60689 FOOD SERVICES 345441 REGAL CHEMICAL COMPANY PO BOX 403368 ATLANTA GA 30384 FERTILIZER/CHEMICALS 316516 26 MEMBERSHIP FEES 713910 12717239 12717239 GROUNDS & GOLF FEE 713910 1195107 1020562 174545 TENNIS/SWIMMING 713910 729509 711274 18235 WELLNESS & YOUTH 713910 709029 709029 15350884 15636 0 15636 15636 15636 7920940 3280137 4640803 3807431 833372 MINIMUM CHARGES AND OTHER 713910 120602 120602 120602 20127925 19101773 1026152 0 770600 10642651 1534968 846611 132393 46878 136280 35494 907195 104508 66469 2680383 142558 MAINTENANCE & REPAIRS 743037 SUPPLIES 617319 GOLF COURSE MAINTENANCE 614378 RENTAL & LEASE EXPENSE 346909 1358801 21727432 1147924 1443491 1053627 1090793 706281 697264 271647 143730 61183775 36639963 24134522 24543812 3291686 3575259 30605687 31494349 2155478 2521231 1069701 1153162 4824637 4954020 1129432 929935 9179248 9558348 X 166400 168800 7424087 7424087 13835952 14343114 21426439 21936001 30605687 31494349 X -1599507 2109069 X X 0 1 X 1 0 664320 664320 26647722 17412184 9235538 22271145 13099015 9172130 8968982 6128764 2840218 2631606 2631606 24543812 OPERATING LEASE ASSETS 925069 457B PLAN ASSETS 2650190 3575259 LEASE LIABILITY 929935 929935 X 25516183 5388258 5388258 20127925 0 20127925 25006621 3279191 3279191 21727430 2 2 21727432 PART X, LINE 2: MANAGEMENT EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT THE CLUB HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,279,191. INITIATION FEES 2,109,067. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,279,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 2. X 1 1 X X 0 1 0 JACK S SLAUGHTER GENERAL MANAGER / COO 404560 0 73096 0 26054 0 30000 0 31866 0 565576 0 0 0 WILLIAMS S CANNON TENNIS DIRECTOR 121800 0 13593 0 200739 0 14965 0 31798 0 382895 0 0 0 KYLE A JOHNSON GOLF COURSE SUPT. 273012 0 34771 0 9153 0 29156 0 31879 0 377971 0 0 0 THEORDORE C KIEGIEL GOLF PROFESSIONAL 202041 0 27091 0 96439 0 14580 0 31879 0 372030 0 0 0 J MATTHEW CAPASSO CHIEF FINANCIAL OFFICER 186771 0 24830 0 9153 0 12732 0 31899 0 265385 0 0 0 DAMON GORE WELLNESS DIRECTOR 91281 0 13560 0 104779 0 12752 0 31748 0 254120 0 0 0 PATRICK COLLEY EXECUTIVE CHEF 180185 0 20310 0 9153 0 12510 0 31899 0 254057 0 0 0 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 164681 0 28422 0 9153 0 12362 0 20779 0 235397 0 0 0 EVE SPRING HR DIRECTOR 127819 0 16848 0 9153 0 11393 0 9950 0 175163 0 0 0 PART I, LINE 1A TRAVEL EXPENSES WERE PAID FOR A TRAVEL COMPANION FOR THE FOLLOWING INDIVIDUALS: JACK S. SLAUGHTER, GENERAL MANAGER GUSTAVO MUZZOLON, ASSISTANT GENERAL MANAGER THE BENEFITS ARE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES. PART I, LINE 1B TRAVEL EXPENSES ARE PAID FOR THE GENERAL MANAGER AND A TRAVEL COMPANION BASED ON THE PROVISIONS SET FORTH IN HIS EMPLOYMENT AGREEMENT. TRAVEL EXPENSES FOR COMPANIONS FOR ANY OTHER EMPLOYEES ARE APPROVED BY THE GENERAL MANAGER. PART I, LINE 4B JACK S. SLAUGHTER, GENERAL MANAGER, IS A PARTICIPANT IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN. THIS IS AN UNFUNDED PLAN. UPON RETIREMENT AT AGE 65, VESTING WILL BECOME 100%. UP UNTIL THAT TIME, VESTING IS ZERO. NO PAYMENTS WERE MADE DURING THE YEAR. PART I, LINE 5 CERTAIN INDIVIDUALS IN THE GOLF AND TENNIS DEPARTMENT GET PAID COMMISSIONS ON THE SALES OF THAT DEPARTMENT PART I, LINE 6 JACK S. SLAUGHTER, GENERAL MANAGER, IS COMPENSATED BASED ON CERTAIN CRITERIA OF THE CLUB. SOME OF THE CRITERIA IS BASED ON NET EARNINGS AND OTHER FINANCIAL METRICS FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO PAY MONTHLY MEMBERSHIP DUES. THE ORGANIZATION HAS CLASS A AND CLASS B COMMON STOCK. 5 SHARES OF CLASS A STOCK WERE ISSUED AND OUTSTANDING AND 3,345 SHARES OF CLASS B STOCK WERE ISSUED AND OUTSTANDING. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB'S MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL SHAREHOLDER MEETING BY VOTING THEIR SHARES IN PERSON OR BY PROXY. FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES ONLY ACT IN AN ADVISORY CAPACITY AND DO NOT HAVE AUTHORITY TO ACT OR BIND THE CLUB LEGALLY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CONTROLLER AND THE TREASURER. THE BOARD IS THEN PROVIDED A COPY OF THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB REQUIRES ALL DIRECTORS TO FILL OUT AND SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD ALSO DISCUSSES ANYTIME A POSSIBLE CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD AND THE GENERAL MANAGER SET GOALS FOR THE UPCOMING YEAR. THE GENERAL MANAGER IS THEN EVALUATED ON HOW WELL THOSE GOALS WERE MET AND IS SCORED IN SPECIFIC AREAS. FINANCIAL BONUSES AND COMPENSATION ARE DEPENDENT UPON THE OVERALL SCORE. THE BOARD APPROVES BONUS PLANS AND SALARIES FOR KEY EMPLOYEES AS RECOMMENDED BY THE GENERAL MANAGER EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: INITIATION FEES AND INTEREST INCOME 2,629,167. CHANGE IN INITION FEES RECEIVABLE -522,498. REDEEMED STOCK 2,400. FORM 990 PART XII LINE 2C NO CHANGE FROM PRIOR YEAR.