2022-11-14T08:13:15-06:00 2021-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2021-01-01 650066096 THE FOREST COUNTRY CLUB INC FORE 2394828378 6100 CLUB BLVD SW FT MYERS FL 33908 MATT GAUDET GENERAL MANAGER 2394828378 2022-11-09 1 MATT GAUDET 999009999 CHRISTOPHER CECIL P01877773 5616971785 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MATT GAUDET 6100 CLUB BLVD SW FT MYERS FL 33908 8286444 0 X WWW.THEFORESTCC.COM X 1988 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 159 100 226855 0 0 0 5450787 5997540 -8605 -25463 1451694 1245890 6893876 7217967 0 0 0 0 3896666 4110628 0 0 0 4181711 4495518 8078377 8606146 -1184501 -1388179 24511283 25579455 11750311 11286110 12760972 14293345 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 12/31/21 WERE APPROXIMATELY 49,085 OF WHICH APPROXIMATELY 5,043 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 12/31/21 WAS $1,792,711 OF WHICH $127,691 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 32 0 159 1 1 1 0 0 0 1 1 0 278761 0 0 0 X 9 9 0 0 1 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 PRESIDENT (THROUGH 3/21)/DIRECTOR (AS OF 3/21) 1.00 X X 0 0 0 RON SLATER VICE PRESIDENT (THROUGH 3/21) 1.00 X X 0 0 0 KRISTY GUDOBBA SECRETARY (THROUGH 3/21)/PRESIDENT (AS OF 3/21) 1.00 X X 0 0 0 ED BELL TREASURER (THROUGH 3/21) 1.00 X X 0 0 0 SCOTT WILFONG DIRECTOR (THROUGH 3/21) 1.00 X 0 0 0 JULIE BEN-SUSAN DIRECTOR (THROUGH 3/21)/SECRETARY (AS OF 3/21) 1.00 X X 0 0 0 PAUL REAGAN DIRECTOR 1.00 X 0 0 0 BOB VERDONCK DIRECTOR (THROUGH 3/21)/VICE PRESIDENT (AS OF 3/21 1.00 X X 0 0 0 SUE WAGNER DIRECTOR 1.00 X 0 0 0 KEITH STEPHENSON TREASURER (AS OF 3/21) 1.00 X X 0 0 0 MELONIE COLAIANNE DIRECTOR (AS OF 3/21) 1.00 X 0 0 0 CHRIS RAKOS DIRECTOR (AS OF 3/21) 1.00 X 0 0 0 FRANK AGNELLO JR CFO 40.00 X 150626 0 14118 MATT GAUDET GENERAL MANAGER 40.00 X 234841 0 34721 JOHN GALLAGHER DIRECTOR OF GOLF COURSE MA 40.00 X 118979 0 10344 SCOTT NEWHOUSE DIRECTOR OF GOLF 40.00 X 112271 0 17748 BRENDA LANZA DIRECTOR OF MEMBERSHIP 40.00 X 128918 0 14142 745635 0 91073 5 0 1 0 TIDELINE STAFFING 18731 THREE OAKS PKWY STE 5 FORT MYERS FL 33967 EMPLOYMENT AGENCY 429747 FLORIDA BLUE PO BOX 45296 JACKSONVILLE FL 32232 HEALTH INSURANCE 295504 BOUCHARD INSURANCE 12800 UNIVERSITY DR SUITE 165 FORT MYERS FL 33907 GENERAL & LIABILITY INSURANCE 252530 3 MEMBERSHIP DUES & ASSESSMENTS 713910 4356932 4356932 GREENS AND CART FEES 713910 1577697 1426627 151070 LOCKER RENTALS 713910 45608 45608 OTHER GOLF REVENUE 713910 17303 17303 5997540 1286 1286 2000 2000 0 3000 29749 -26749 -26749 -26749 2152772 1036728 1116044 1041545 74499 FITNESS 713910 46234 46234 MISCELLANEOUS 713910 39482 39482 EQUITY EXCHANGE 713910 35300 35300 8830 8830 129846 7217967 7017861 226855 -26749 3272407 546056 292165 337604 1304567 247171 GOLF COURSE MAINTENANCE 1233084 CLUBHOUSE 375961 GOLF ACTIVITIES 273788 RESTAURANT 238581 484762 8606146 3666252 4899156 561489 788129 272267 268577 250872 352957 32244153 12973517 19760403 19270636 24511283 25579455 1103482 1081277 2553492 3225312 7877012 6793645 216325 185876 11750311 11286110 X 12760972 14293345 12760972 14293345 24511283 25579455 X -1388179 2920552 X X 0 1 X 1 0 4865922 4865922 10555159 2282955 8272204 4375254 2442193 1933061 12447818 8248369 4199449 19270636 REFUNDABLE CAPITAL ASSESSMENTS 129000 DEFERRED LIFE MEMBERS 56876 185876 X 8256695 0 8256695 -1038728 -1038728 7217967 9644874 1038728 1038728 8606146 0 8606146 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 -1,036,728. RENTAL EXPENSE -2,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,036,728. RENTAL EXPENSE 2,000. X X X X 0 0 0 MATT GAUDET GENERAL MANAGER 189114 0 28000 0 17727 0 2857 0 31864 0 269562 0 0 0 FRANK AGNELLO JR CFO 135228 0 4000 0 11398 0 2308 0 11810 0 164744 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE CLUB UPDATED ITS BY-LAWS TO INCLUDE AN ANNUAL REVIEW OF A STRATEGIC PLAN AND ELECTRONIC VOTING. 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 LEE 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 STAFF ACCOUNTANT. 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 651,050. MEMBERSHIP ISSUANCES AND TRANSFERS 1,289,390. GOLF COURSE RENOVATION ASSESSMENTS 1,004,836. MEMBERSHIP REDEMPTIONS AND OTHER MEMBERSHIP ACTIVITY, NET -24,724. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.