2022-02-11T14:14:31-06:00 2021-03-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2020-04-01 650569727 PELICAN'S NEST GOLF CLUB INC PELI 2399472282 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 MICHAEL MARTINO TREASURER 2399472282 2022-02-11 1 MICHAEL MARTINO 999009999 CHRISTOPHER CECIL P01877773 5616971785 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z EDWARD MILLIKEN 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 10070716 0 X WWW.NESTGOLF.COM X 1995 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 173 9 450222 0 0 0 7789869 7842406 -4530401 11 821510 1369501 4080978 9211918 0 0 0 0 4490962 4853033 0 0 0 5529218 6022249 10020180 10875282 -5939202 -1663364 30306854 31357222 11121899 9376701 19184955 21980521 PELICAN'S NEST GOLF 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 03/21/21 WAS APPROXIMATELY 52,000 OF WHICH APPROXIMATELY 5,691 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,528,192 OF WHICH $76,980 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 28 0 1 173 1 1 1 0 0 0 1 1 10650 499616 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 0 0 0 X TIM MAURAIS CONTROLLER 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 EDWARD MILLIKEN PRESIDENT 1.00 X X 0 0 0 MARK PEARLSTONE VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL MARTINO TREASURER 1.00 X X 0 0 0 DANA BRIGGS SECRETARY 1.00 X X 0 0 0 MARIE HATTON DIRECTOR 1.00 X 0 0 0 SUSAN GOLDY DIRECTOR 1.00 X 0 0 0 TOM MACCRORY DIRECTOR 1.00 X 0 0 0 GARY SCHWANDT DIRECTOR 1.00 X 0 0 0 DAVID DE ROULET DIRECTOR 1.00 X 0 0 0 DAVID GILLESPIE CEO 40.00 X 278612 0 12359 TIM MAURAIS CONTROLLER 40.00 X 174391 0 11233 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUND 40.00 X 169998 0 7082 DANIEL GAWRONSKI DIRECTOR OF GOLF 40.00 X 143439 0 3917 JEO SZLACHETKA EXECUTIVE CHEF 40.00 X 138989 0 4804 A J SZYMANSKI MEMBERSHIP MARKETING 40.00 X 149739 0 6400 1055168 0 45795 6 0 1 0 MVP WORKFORCE PO BOX 6690 CAROL STREAM IL 60197 GOLF GROUNDS CONTRACT LABOR 206935 RYVOR GOLF LLC PO BOX 98 BUFFALO OH 43722 GOLF COURSE REPAIRS/RENOVATION 154500 2 MEMBERSHIP DUES & ASSESSMENTS 713910 5898439 5898439 GREEN & GOLF CART FEES 713910 1672634 1380966 291668 OTHER GOLF REVENUE 713910 221788 221788 UNUSED FOOD AND BEVERAGE MINIMUM 713910 49545 49545 7842406 2388 2388 2377 -2377 -2377 -2377 1799463 856421 943042 892909 50133 INTEREST RATE SWAP 713910 288725 288725 DESIGNATED USER FEES 713910 106033 106033 MISCELLANEOUS 713910 31701 31701 426459 9211918 8764073 450222 -2377 3967819 885214 436292 1377814 332678 GOLF COURSE MAINTENANCE 1747268 CLUBHOUSE 537885 GENERAL & ADMINISTRATIV 429198 FOOD AND BEVERAGE 330562 830552 10875282 4438318 5951033 886206 942287 215139 230306 181793 301122 37244928 13321286 24576566 23923642 8832 8832 30306854 31357222 1221118 929051 24999 10600 9875782 8437050 11121899 9376701 X 19184955 21980521 19184955 21980521 30306854 31357222 X -1663364 4458930 X X 0 1 X 1 0 6882185 6882185 12634880 2954240 9680640 5292865 2614856 2678009 12434998 7752190 4682808 23923642 NOTES PAYABLE 7738894 CAPITAL LEASE OBLIGATIONS 133376 INTEREST RATE SWAP AGREEMENT 564780 8437050 X 10068339 856421 856421 9211918 0 9211918 11731703 856421 856421 10875282 0 10875282 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 STANDARD CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 856,421. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 856,421. X X 0 0 0 DAVID GILLESPIE CEO 229688 0 25000 0 23924 0 6964 0 5395 0 290971 0 0 0 TIM MAURAIS CONTROLLER 137370 0 18000 0 19021 0 4807 0 6426 0 185624 0 0 0 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUND 141070 0 15500 0 13428 0 4374 0 2708 0 177080 0 0 0 A J SZYMANSKI MEMBERSHIP MARKETING 50451 0 87479 0 11809 0 3138 0 3262 0 156139 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 FULL (2 VOTES) AND SINGLE (1 VOTE) GOLF MEMBERS ARE THE ONLY MEMBERSHIP CATEGORIES WHICH HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF MEMBERSHIPS VOTE ON OPERATING BUDGET, CAPITAL BUDGET, ELECT BOARD MEMBERS, AND VOTE ON BYLAW CHANGES (2/3RD VOTE). FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND TREASURER RECEIVE A COPY OF THE RETURN BEFORE FILING. THE CONTROLLER AND TREASURER REVIEW TO THE NECESSARY EXTENT. IF ANY QUESTIONS ARISE, THEY ARE DISCUSSED WITH THE TREASURER OR THE OUTSIDE CPA IF NEEDED. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AS A GENERAL POLICY THAT MEMBERS ARE NOT PERMITTED TO CONDUCT BUSINESS WITH THE CLUB. GENERAL MANAGER MONITORS ALL NEW VENDOR ADDITIONS EACH MONTH. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND GENERAL MANAGER REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR ALL DEPARTMENT HEADS BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. ALL COMPENSATION BEYOND NORMAL PERCENTAGE INCREASE MUST BE APPROVED BY BOTH THE PRESIDENT AND GENERAL MANAGER. THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR THE GENERAL MANAGER BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. 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 ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH INSPECTION AT THE CLUB. THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE. FORM 990, PART XI, LINE 9: CAPITAL IMPROVEMENT ASSESSMENTS 789,795. DEBT REDUCTION ASSESSMENTS 1,497,430. MEMBERSHIP CONTRIBUTIONS 2,171,705. FORM 990: PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.