2025-02-18T13:34:14-06:00 2024-03-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-04-01 650569727 PELICAN'S NEST GOLF CLUB INC PELI 2399472282 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 JAMES SAITZ TREASURER 2399472282 2025-01-28 1 0 FRANK LUCAS P00995244 5616971785 2023 2025-03-06 01:10:19Z WAYNE BAUMAN 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 13261140 0 X WWW.NESTGOLF.COM X 1995 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 143 15 833721 166547 0 0 8952571 9975853 -201401 47155 1615615 1791774 10366785 11814782 0 0 0 0 5454769 6260574 0 0 0 7006451 7418438 12461220 13679012 -2094435 -1864230 38184146 40560342 8694776 6455866 29489370 34104476 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 03/31/24 WAS APPROXIMATELY 60,737 OF WHICH APPROXIMATELY 10,216 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $2,371,020 OF WHICH $38,580 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 44 0 1 143 1 1 1 0 0 0 1 1 0 581226 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 WAYNE BAUMAN PRESIDENT 1.00 X X 0 0 0 GEORGE HAMILTON VICE PRESIDENT 1.00 X X 0 0 0 JIM SAITZ TREASURER 1.00 X X 0 0 0 NANCY LOOMIS SECRETARY 1.00 X X 0 0 0 MICHAEL BIGFORD DIRECTOR 1.00 X 0 0 0 SARA HADLEY DIRECTOR 1.00 X 0 0 0 ALAN SHEETS DIRECTOR 1.00 X 0 0 0 JUDY GREENBERG DIRECTOR 1.00 X 0 0 0 DENNIS BURKE DIRECTOR 1.00 X 0 0 0 DAVID GILLESPIE COO 40.00 X 292679 0 28173 TIM MAURAIS CONTROLLER 40.00 X 187322 0 38917 JOE SZLACHETKA EXECUTIVE CHEF 40.00 X 134992 0 12566 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUNDS 40.00 X 212879 0 22610 ARTHUR SZYMANSKI JR SALES 40.00 X 148826 0 384 976698 0 102650 6 0 1 0 BLUE CROSS BLUE SHIELDS OF FLORIDA PO BOX 660299 DALLAS TX 75266 HEALTH INSURANCE PROVIDER 453365 BKS PO BOX 5806 DEPTFORD NJ 08096 INSURANCE BROOKER 397768 MJS GRASSING LLC 11983 TAMIAMI TRAIL N SUITE 115 NAPLES FL 34110 GOLF COURSE MAINTENANCE VENDOR 336790 23 MEMBERSHIP DUES & ASSESSMENTS 713910 7640669 7640669 GREEN & GOLF CART FEES 713910 2036017 1649031 386986 OTHER GOLF REVENUE 713910 267232 267232 UNUSED FOOD AND BEVERAGE MINIMUM 713910 31935 31935 9975853 173947 173947 1200 127992 -126792 -126792 -126792 2830332 1318366 1511966 1458187 53779 INSURANCE PROCEEDS 713910 142422 119009 23413 SOUTH FLORIDA WATER MANAGEMENT DI 713910 100000 100000 MISCELLANEOUS 713910 37386 37386 279808 11814782 11084440 833721 -103379 X 5130691 1129883 310391 1789031 458878 GOLF COURSE MAINTENANCE 2127454 CLUBHOUSE 715405 GENERAL & ADMINISTRATIV 565420 FOOD AND BEVERAGE 521465 930394 13679012 5621148 9380625 1202107 1365197 346417 345223 229102 284875 41279907 12507832 27795274 28772075 1985120 1004978 412347 38184146 40560342 898579 972269 20255 29079 7775942 5454518 8694776 6455866 X 29489370 34104476 29489370 34104476 38184146 40560342 X -1864230 6479336 X X 0 1 X 1 0 6882185 6882185 11988595 4076889 7911706 5997930 3482235 2515695 16411197 4948708 11462489 28772075 NOTES PAYABLE 5141839 CURRENT OPERATING LEASE LIABILITY 248800 CURRENT FINANCE LEASE LIABILITY 16360 OPERATING LEASE LIABILITY 35746 FINANCE LEASE LIABILITY 11773 5454518 X 13133148 1318366 1318366 11814782 0 11814782 14997378 1318366 1318366 13679012 0 13679012 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 1,318,366. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,318,366. X X 0 0 0 DAVID GILLESPIE COO 269783 0 22500 0 396 0 0 0 28173 0 320852 0 0 0 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUNDS 193379 0 19500 0 0 0 0 0 22610 0 235489 0 0 0 TIM MAURAIS CONTROLLER 168822 0 18500 0 0 0 0 0 38917 0 226239 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 IX, LINE 24E PROPERTY TAXES 399,435. GOLF ACTIVITIES 393,719. MARKETING 132,244. INTEREST RATE SWAP 4,996. FORM 990, PART XI, LINE 9: CAPITAL IMPROVEMENT ASSESSMENTS 1,181,312. DEBT REDUCTION ASSESSMENTS 1,716,974. MEMBERSHIP CONTRIBUTIONS 3,581,050. FORM 990: PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.