2024-11-14T08:43:53-06:00 2023-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-01-01 650066096 THE FOREST COUNTRY CLUB INC FORE 2394828378 6100 CLUB BLVD SW FT MYERS FL 33908 KYLE RUCH GENERAL MANAGER 2394828378 2024-10-30 1 0 CHRISTOPHER CECIL P01877773 5616971785 2024-10-30 2023 2024-10-15 13:58:12Z KYLE RUCH 6100 CLUB BLVD SW FT MYERS FL 33908 11386158 0 X WWW.THEFORESTCC.COM X 1988 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 190 100 676098 106226 0 0 6845038 7329751 -227326 -99990 1305863 2396282 7923575 9626043 0 0 0 0 4562259 5290282 0 0 0 6851028 5693948 11413287 10984230 -3489712 -1358187 27476540 30278054 10890054 11189938 16586486 19088116 THE FOREST COUNTRY CLUB, INC. 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 HAS TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 12/31/23 WERE APPROXIMATELY 48,526 OF WHICH APPROXIMATELY 5,819 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 12/31/23 WAS $2,580,495 OF WHICH $427,875 WAS NON-MEMBER RELATED. 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 62 0 1 190 1 1 1 0 0 0 1 1 0 748044 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X FRANK AGNELLO JR 2394828378 6100 CLUB BLVD SW FT MYERS FL 33908 DALE CARLSON PRESIDENT (THROUGH 3/23)/DIRECTOR (AS OF 3/23) 1.00 X X 0 0 0 PAUL REAGAN SECRETARY (THROUGH 3/23) 1.00 X X 0 0 0 CHRIS RAKOS TREASURER (THROUGH 3/23)/ VP (AS OF 3/23) 1.00 X X 0 0 0 KEITH STEPHENSON VP (THROUGH 3/23)/PRESIDENT (AS OF 3/23) 1.00 X X 0 0 0 PETE CONNOR DIRECTOR (AS OF 3/23)/ TREASURER (AS OF 3/23) 1.00 X X 0 0 0 MELONIE COLAIANNE DIRECTOR (THROUGH 3/23)/ SECRETARY (AS OF 3/23) 1.00 X X 0 0 0 JEFF LUMSDEN DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 RICH JOHNSON DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 BOB FRISCH DIRECTOR (AS OF 3/23) 1.00 X 0 0 0 JULIE BEN-SUSAN DIRECTOR (THROUGH 3/23) 1.00 X 0 0 0 JIM CONRAD DIRECTOR 1.00 X 0 0 0 BOB VERDONCK DIRECTOR (THROUGH 3/23) 1.00 X 0 0 0 FRANK AGNELLO JR CFO 40.00 X 181001 0 26890 MATT GAUDET GENERAL MANAGER 40.00 X 261875 0 36843 WILLIAM BERG CLUBHOUSE MANAGER 40.00 X 112112 0 22627 SCOTT NEWHOUSE DIRECTOR OF GOLF 40.00 X 133672 0 38053 JESSE METCALF DIRECTOR OF GOLF COURSE MAINTENANCE(THROUGH 11/23) 40.00 X 168021 0 12238 DREW TAIT EXECUTIVE CHEF 40.00 X 121768 0 38602 978449 0 175253 6 0 1 0 FLORIDA BLUE PO BOX 660299 DALLAS TX 75266 HEALTH INSURANCE 620449 BOUCHARD INSURANCE 12800 UNIVERSITY DR SUITE 165 FORT MYERS FL 33907 GENERAL & LIABILITY INSURANCE 369811 A BETTER CHOICE STAFFING LLC PO BOX 823461 PHILIDELPHIA PA 19182 EMPLOYMENT AGENCY 249499 REFRAMED SOLUTIONS LLC 7950 DANI DRIVE SUITE 140 90 FORT MYERS FL 33966 MARKETING 100300 4 MEMBERSHIP DUES & ASSESSMENTS 713910 5556818 5556818 GREENS AND CART FEES 713910 1706987 1386818 320169 LOCKER RENTALS 713910 47881 47881 OTHER GOLF REVENUE 713910 18065 18065 7329751 117243 117243 2871 1343 1528 1528 1528 28510 245743 -217233 -217233 -217233 3043416 1513029 1530387 1293229 237158 HURRICANE INSURANCE PROCEEDS 713910 781937 781937 FITNESS 713910 40730 40730 EQUITY EXCHANGE 713910 20663 20663 21037 21037 864367 9626043 8385241 676098 564704 4135642 724081 430559 251727 1402977 396716 GOLF COURSE MAINTENANCE 1652009 CLUBHOUSE 481693 GOLF ACTIVITIES 436222 RESTAURANT 338103 734501 10984230 7094603 5698992 710914 1158957 252748 360714 318623 460954 31899236 12430737 18814184 19468499 1627891 285468 1502047 27476540 30278054 2231301 1507618 3116952 3447244 5384950 6093038 156851 142038 10890054 11189938 X 16586486 19088116 16586486 19088116 27476540 30278054 X -1358187 3859817 X X 0 1 X 1 0 4865922 4865922 11155762 2621497 8534265 3767608 1873948 1893660 12109944 7935292 4174652 19468499 U.S TREASURY BILLS 1627891 F 1627891 REFUNDABLE CAPITAL ASSESSMENTS 125000 DEFERRED LIFE MEMBERS 17038 142038 X 11140415 0 11140415 -1514372 -1514372 9626043 12498602 1514372 1514372 10984230 0 10984230 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 STATEMENT TO COMPLY WITH THE PROVISION OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -1,513,029. RENTAL EXPENSE -1,343. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,513,029. RENTAL EXPENSE 1,343. X X X X 0 0 0 MATT GAUDET GENERAL MANAGER 220575 0 35000 0 6300 0 2240 0 34603 0 298718 0 0 0 FRANK AGNELLO JR CFO 170620 0 10000 0 381 0 2610 0 24280 0 207891 0 0 0 JESSE METCALF DIRECTOR OF GOLF COURSE MAINTENANCE( 157455 0 5000 0 5566 0 2233 0 10005 0 180259 0 0 0 SCOTT NEWHOUSE DIRECTOR OF GOLF 114066 0 13149 0 6457 0 2093 0 35960 0 171725 0 0 0 DREW TAIT EXECUTIVE CHEF 116741 0 5000 0 27 0 1713 0 36889 0 160370 0 0 0 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 CATEGORIES HAVE VOTING PRIVILEGES: EQUITY MEMBERS HAVE VOTING PRIVILEGES AND USE OF ALL FACILITIES (GOLF, SOCIAL, TENNIS, EQUITY EXCHANGE, AND EXECUTIVE). FORM 990, PART VI, SECTION A, LINE 7B SPECIAL CAPITAL PURCHASES, ANY DEBT OVER $200,000 AND ANY CHANGES TO THE BY-LAWS ARE SUBJECT TO MEMBERSHIP APPROVAL. 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 GENERAL MANAGER, CFO, AND TREASURER. THEY REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY DURING MONTHLY BOARD MEETINGS AND THE REVIEWING OF ALL CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE. THE BOARD COMPLETES THE PERFORMANCE REVIEW AND THE COMPENSATION COMMITTEE REVIEWS SALARY DATA FOR THE LOCAL AREA. THE CHIEF FINANCIAL OFFICER IS REVIEWED ANNUALLY BY THE GENERAL MANAGER. 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 DOES NOT MAKE IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CAPITAL ASSESSMENTS 741,593. MEMBERSHIP ISSUANCES AND TRANSFERS 1,269,067. GOLF COURSE RENOVATION ASSESSMENTS 1,402,616. MEMBERSHIP REDEMPTIONS AND OTHER MEMBERSHIP ACTIVITY, NET -56,959. HURRICAN CAPITAL ASSESSMENT 503,500. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.