2024-04-24T09:50:54-05:00 2023-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-07-01 590706084 PALM BEACH COUNTRY CLUB INC PALM 5618443501 760 NORTH OCEAN BLVD PALM BEACH FL 334800997 ROBERT SCHLAGER PRESIDENT 5618443501 2024-04-24 1 ROBERT SCHLAGER 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2024-04-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT SCHLAGER 760 NORTH OCEAN BLVD PALM BEACH FL 334800997 16994912 0 X N/A X 1973 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 16 16 173 19 412367 342710 0 0 12163490 12986459 -9743 -2191882 1521108 1686886 13674855 12481463 0 0 0 0 8073387 8600242 0 0 0 11218669 10284568 19292056 18884810 -5617201 -6403347 30934797 45404587 2688738 7813916 28246059 37590671 PALM BEACH COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXPEMT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 FOOD AND BEVERAGE SALES TOTALED $2,588,490 FOR THE YEAR ENDING 06/30/2023, OF WHICH $5,631 WAS NON-MEMBER RELATED INCOME. THE CLUB PROVIDES GOLF AND DINING FACILITIES TO APPROXIMATELY 380 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 173 1 1 1 0 0 0 1 1 0 9469 0 0 0 X 16 16 1 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 X RICHARD KELLEMS 5618443501 760 NORTH OCEAN BLVD PALM BEACH FL 33480 ROBERT SCHLAGER PRESIDENT 1.00 X X 0 0 0 RICHARD ROTHSCHILD VICE PRESIDENT 1.00 X X 0 0 0 JOHN WALLERSTEIN VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL ROME TREASURER 1.00 X X 0 0 0 MICHAEL MARGOLIS SECRETARY 1.00 X X 0 0 0 DAVID BLUE DIRECTOR 1.00 X 0 0 0 RICHARD BORNSTEIN DIRECTOR 1.00 X 0 0 0 STEPHEN FINE DIRECTOR 1.00 X 0 0 0 TONY FROMER DIRECTOR 1.00 X 0 0 0 JEFFREY B LANE DIRECTOR 1.00 X 0 0 0 DAVID S MACK DIRECTOR 1.00 X 0 0 0 WILLIAM MACK DIRECTOR 1.00 X 0 0 0 DR ROBIN SMITH DIRECTOR 1.00 X 0 0 0 ROBERT SNYDER DIRECTOR 1.00 X 0 0 0 VINCENT TESE DIRECTOR 1.00 X 0 0 0 BENJAMIN WINTER DIRECTOR 1.00 X 0 0 0 RONALD PASSAGGIO GENERAL MANAGER 60.00 X 514342 0 19052 RICHARD KELLEMS CHIEF FINANCIAL OFFICER 60.00 X 491570 0 19052 GEORGE KERVERN GROUNDS SUPERINTENDENT 60.00 X 355586 0 25616 EZEQUIEL LOPEZ EXECUTIVE CHEF 60.00 X 307166 0 25616 ADILSON SILVA CLUBHOUSE MANAGER 60.00 X 174463 0 19052 ZACHARY BRADY GOLF PROFESSIONAL 60.00 X 230049 0 8005 JOHN BEDNAR IV GOLF PROFESSIONAL 50.00 X 213701 0 7225 KIRBY KRAUTER HEAD TENNIS PROFESSIONAL 60.00 X 331686 0 8005 PAYTON MINEAR GOLF PROFESSIONAL 50.00 X 169910 0 4670 2788473 0 136293 9 0 1 0 THE BEACON GROUP 6001 BROKEN SOUND PKWY NW 500 BOCA RATON FL 33487 INSURANCE 1008991 CHENEY BROTHERS ONE CHENEY WAY RIVIERA BEACH FL 33404 FOOD / SUPPLIES 632601 FLORIDA BLUE PO BOX 662099 DALLAS TX 75266 HEALTH INSURANCE 606335 LOPEZ GROUP INC PO BOX 2065 PALM BEACH FL 33480 LANDSCAPING 390822 4 MEMBERSHIP DUES 713910 11910384 11910384 TENNIS FEES 713910 298863 298863 GOLF LESSONS 713910 266043 266043 LOCKER RENTALS 713910 185325 185325 GREENS FEES 713910 168629 165478 3151 157215 157215 12986459 404834 404834 214850 2811566 -2596716 -2596716 -2596716 3277508 1701883 1575625 1572280 3345 MISCELLANEOUS 713910 110224 110224 TRUE SPEC COMMISSION 713910 1037 1037 111261 12481463 14665812 412367 -2596716 X 6794597 1805645 872539 2399315 385953 GOLF COURSE MAINTENANCE 1517619 CLUBHOUSE 1375181 ADMINISTRATIVE & GENERA 904709 EXCESS HURRICANE INSURA 764753 2064499 18884810 8901714 2451047 1414566 1463017 294348 378198 909395 1361991 46930913 13607661 18239055 33323252 5249582 1175719 1177500 30934797 45404587 1311026 1487475 0 116575 1377712 6209866 2688738 7813916 X 28246059 37590671 28246059 37590671 30934797 45404587 X -6403347 15747959 X X 0 1 X 1 0 727683 727683 12807726 5730342 7077384 6109038 4868482 1240556 27286466 3008837 24277629 33323252 U.S TREASURY SECURITY 5249582 F 5249582 DEFERRED COMPENSATION - ST 91408 DEFERRED COMPENSATION - LT 663458 MEMBERS' CERTIFICATES OF EQUITY, SUBJECT TO REDEMPTION 455000 LINE OF CREDIT 5000000 6209866 X 14183346 0 14183346 -1701883 -1701883 12481463 20586693 1701883 1701883 18884810 0 18884810 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 FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -1,701,883. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,701,883. X 1 1 X X X X 0 0 0 RONALD PASSAGGIO GENERAL MANAGER 423935 0 80845 0 9562 0 0 0 19052 0 533394 0 0 0 RICHARD KELLEMS CHIEF FINANCIAL OFFICER 356232 0 123500 0 11838 0 0 0 19052 0 510622 0 0 0 GEORGE KERVERN GROUNDS SUPERINTENDENT 301586 0 45000 0 9000 0 0 0 25616 0 381202 0 0 0 KIRBY KRAUTER HEAD TENNIS PROFESSIONAL 328686 0 3000 0 0 0 0 0 8005 0 339691 0 0 0 EZEQUIEL LOPEZ EXECUTIVE CHEF 278169 0 17500 0 11497 0 0 0 25616 0 332782 0 0 0 ZACHARY BRADY GOLF PROFESSIONAL 202180 0 22000 0 5869 0 0 0 8005 0 238054 0 0 0 JOHN BEDNAR IV GOLF PROFESSIONAL 199587 0 9000 0 5114 0 0 0 7225 0 220926 0 0 0 ADILSON SILVA CLUBHOUSE MANAGER 144463 0 24000 0 6000 0 0 0 19052 0 193515 0 0 0 PAYTON MINEAR GOLF PROFESSIONAL 143330 0 13000 0 13580 0 0 0 4670 0 174580 0 0 0 PART I, LINE 1A THE CLUB PROVIDES A RESIDENCE ON SITE TO THE GENERAL MANAGER FOR SECURITY PURPOSES AND AS A CONDITION OF EMPLOYMENT. THIS IS NOT TAXABLE COMPENSATION TO THE GENERAL MANAGER. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS DAVID S. MACK AND WILLIAM MACK ARE BROTHERS. 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 MEMBER CATEGORIES HAVE VOTING RIGHTS: REGULAR AND HOUSE MEMBERS. THE BOARD CANNOT SELL PROPERTY WITHOUT 2/3'S VOTE FROM THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO MEMBERSHIP APPROVAL: ELECTION OF BOARD MEMBERS AND BY-LAW CHANGES. 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 CHIEF FINANCIAL OFFICER, TREASURER AND PRESIDENT. THE CHIEF FINANICAL OFFICER, TREASURER AND PRESIDENT REVIEW THE FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION INCREASES ARE BASED ON PERFORMANCE AND THE BUDGET. THE TREASURER OF THE BOARD REVIEWS ALL COMPENSATION PACKAGES WHICH ARE THEN APPROVED BY THE PRESIDENT. 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, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E FOOD & BEVERAGE 746,643. CLUB FUNCTIONS & ENTERTAINMENT 668,818. GOLF ACTIVITIES 310,100. TENNIS & FITNESS 133,777. EMPLOYEE RETIREMENT EXPENSES 95,348. LOCKER 50,088. CARD ROOM 36,165. OTHER EXPENES 20,564. COVID-19 EXPENSE 2,996. FORM 990, PART XI, LINE 9: INITIATION FEES 7,704,059. CLUB HOUSE RENOVATION 8,043,900. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.