2023-11-08T10:01:53-06:00 2022-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-01-01 650066096 THE FOREST COUNTRY CLUB INC FORE 2394828378 6100 CLUB BLVD SW FT MYERS FL 33908 MATT GAUDET GENERAL MANAGER 2394828378 2023-11-06 1 MATT GAUDET 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATT GAUDET 6100 CLUB BLVD SW FT MYERS FL 33908 9440923 0 X WWW.THEFORESTCC.COM X 1988 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 170 100 317965 0 0 0 5997540 6845038 -25463 -227326 1245890 1305863 7217967 7923575 0 0 0 0 4110628 4562259 0 0 0 4495518 6851028 8606146 11413287 -1388179 -3489712 25579455 27476540 11286110 10890054 14293345 16586486 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 12/31/22 WERE APPROXIMATELY 46,360 OF WHICH APPROXIMATELY 4,194 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 12/31/22 WAS $2,049,831 OF WHICH $220,829 WAS NON-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 0 0 0 1 38 0 170 1 1 1 0 0 0 1 1 0 411984 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 FORT MYERS FL 33908 DALE CARLSON DIRECTOR(THROUGH 3/22)/PRESIDENT (AS OF 3/22) 1.00 X X 0 0 0 KRISTY GUDOBBA PRESIDENT (THROUGH 3/22) 1.00 X X 0 0 0 JULIE BEN-SUSAN SECRETARY (THROUGH 3/22)/DIRECTOR(AS OF 3/22) 1.00 X X 0 0 0 PAUL REAGAN DIRECTOR (THROUGH 3/22)/SECRETARY (AS OF 3/22) 1.00 X X 0 0 0 BOB VERDONCK VICE PRESIDENT (THROUGH 3/22)/DIRECTOR (AS OF 3/22 1.00 X X 0 0 0 KEITH STEPHENSON TREASURER (THROUGH 3/22)/VP (AS OF 3/22) 1.00 X X 0 0 0 CHRIS RAKOS DIRECTOR (THROUGH 3/22)/ TREASURER (AS OF 3/22) 1.00 X X 0 0 0 SUE WAGNER DIRECTOR (THROUGH 3/22) 1.00 X 0 0 0 MELONIE COLAIANNE DIRECTOR 1.00 X 0 0 0 PETE CONNOR DIRECTOR (AS OF 3/22) 1.00 X 0 0 0 JIM CONRAD DIRECTOR (AS OF 3/22) 1.00 X 0 0 0 FRANK AGNELLO JR CFO 40.00 X 165260 0 15832 MATT GAUDET GENERAL MANAGER 40.00 X 251802 0 27675 JESSE METCALF DIRECTOR OF GOLF COURSE MAINTENANCE 40.00 X 158916 0 6783 SCOTT NEWHOUSE DIRECTOR OF GOLF 40.00 X 122800 0 20361 BRENDA LANZA DIRECTOR OF MEMBERSHIP 40.00 X 147000 0 13484 845778 0 84135 5 0 1 0 GULF COAST TREES 6031 S 2ND ST TAMPA FL 33611 TREE REMOVAL 846850 UNITED HEALTHCARE INSURANCE CO 444 BRICKELL AVE MIAMI FL 33131 HEALTH INSURANCE 652845 BOUCHARD INSURANCE 12800 UNIVERSITY DR SUITE 165 FORT MYERS FL 33907 GENERAL & LIABILITY INSURANCE 551802 TIDELINE STAFFING 18731 THREE OAKS PKWY STE 5 FORT MYERS FL 33967 EMPLOYMENT AGENCY 265546 4 MEMBERSHIP DUES & ASSESSMENTS 713910 5332112 5332112 GREENS AND CART FEES 713910 1447942 1252700 195242 LOCKER RENTALS 713910 46194 46194 OTHER GOLF REVENUE 713910 18790 18790 6845038 1867 1867 5000 4496 504 504 504 22000 251193 -229193 -229193 -229193 2460308 1261659 1198649 1078297 120352 FITNESS 713910 50205 50205 EQUITY EXCHANGE 713910 28025 28025 MISCELLANEOUS 713910 21558 21558 6922 6922 106710 7923575 7834803 317965 -229193 3630222 605107 326930 280539 1402906 307901 GOLF COURSE MAINTENANCE 1662500 HURRICANE EXPENSES 1635567 CLUBHOUSE 395126 GOLF ACTIVITIES 370453 796036 11413287 4899156 7094603 788129 710914 268577 252748 352957 318623 32175911 13361727 19270636 18814184 0 285468 25579455 27476540 1081277 2231301 3225312 3116952 6793645 5384950 185876 156851 11286110 10890054 X 14293345 16586486 14293345 16586486 25579455 27476540 X -3489712 5782853 X X 0 1 X 1 0 4865922 4865922 10527193 2512638 8014555 3638577 2157139 1481438 13144219 8691950 4452269 18814184 REFUNDABLE CAPITAL ASSESSMENTS 128000 DEFERRED LIFE MEMBERS 28851 156851 X 9189730 0 9189730 -1266155 -1266155 7923575 12679442 1266155 1266155 11413287 0 11413287 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 -1,261,659. RENTAL EXPENSE -4,496. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,261,659. RENTAL EXPENSE 4,496. X X X X 0 0 0 MATT GAUDET GENERAL MANAGER 198227 0 35000 0 18575 0 3068 0 24607 0 279477 0 0 0 FRANK AGNELLO JR CFO 149262 0 5000 0 10998 0 2526 0 13306 0 181092 0 0 0 JESSE METCALF DIRECTOR OF GOLF COURSE MAINTENANCE 138097 0 2500 0 18319 0 1178 0 5605 0 165699 0 0 0 BRENDA LANZA DIRECTOR OF MEMBERSHIP 134245 0 0 0 12755 0 2367 0 11117 0 160484 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, TREASURER, AND ASSISTANT CONTROLLER. 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 624,595. MEMBERSHIP ISSUANCES AND TRANSFERS 1,591,891. GOLF COURSE RENOVATION ASSESSMENTS 841,397. MEMBERSHIP REDEMPTIONS AND OTHER MEMBERSHIP ACTIVITY, NET -7,430. HURRICAN CAPITAL ASSESSMENT 2,732,400. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.