2020-06-11T10:03:53-05:00 2019-07-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2018-08-01 650473088 BAY COLONY GOLF CLUB INC BAYC 2395929515 9740 BENT GRASS BEND NAPLES FL 34108 BASIL ANDERSON TREASURER 2395929515 2020-06-11 1 FRANK LUCAS P00995244 5616791785 23.117.155.208 2020-06-11 09:53:43 ED P 3779A27E43A4233E4D6395493C22D6D54FAEAF0C 00A38C255E670F4B9D636AF6AE6238E0058126FA 2018 2020-09-23 17:36:50Z ROBERT AMEN 9740 BENT GRASS BEND NAPLES FL 34108 9354729 0 X WWW.BAYCOLONYGOLFCLUB.COM X 1996 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 145 9 159145 0 0 0 5646150 6225890 23108 -2047009 2912140 2028316 8581398 6207197 0 0 0 0 4399348 4319537 0 0 0 5888022 5894887 10287370 10214424 -1705972 -4007227 30177874 28765349 4860266 4824066 25317608 23941283 BAY COLONY 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 AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 07/31/19 WAS APPROX. 21,202 OF WHICH APPROX 1,871 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,350,222 OF WHICH $68,722 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 16 0 1 145 1 1 1 0 0 0 1 1 0 191370 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 SAMANTHA SHEFFIELD 2394494561 9740 BENT GRASS BEND NAPLES FL 34108 ROBERT AMEN PRESIDENT 10.00 X X 0 0 0 PHIL WARREN VICE PRESIDENT 10.00 X X 0 0 0 BASIL ANDERSON TREASURER 2.00 X X 0 0 0 CURT EDWARDS SECRETARY 2.00 X X 0 0 0 GREGG DEWITT DIRECTOR 2.00 X 0 0 0 KEVIN POWDERLY DIRECTOR 2.00 X 0 0 0 JAN EVELEIGH DIRECTOR 2.00 X 0 0 0 CINDY TUCCI DIRECTOR 2.00 X 0 0 0 JOE ABRUZZESE DIRECTOR 2.00 X 0 0 0 JEROME THIRION GENERAL MANAGER - FORMER 40.00 X 285599 0 17123 MICHAEL BRADFIELD GENERAL MANAGER - CURRENT 40.00 X 122212 0 8830 CASEY COOK CLUBHOUSE MANAGER 40.00 X 116682 0 9072 JOSHUA LEVITRE SUPERINTENDENT 40.00 X 181132 0 21915 TAMMY MERCER MEMBERSHIP DIRECTOR 40.00 X 115727 0 9599 ANDREW ZULLO GOLF PRO 40.00 X 210092 0 29334 1031444 0 95873 6 0 1 0 PEACOCK & LEWIS 1295 US HIGHWAY 1 NORTH PALM BEACH FL 33408 ARCHITECTURE 572768 1 DUES REVENUE 713910 5326983 5326983 GREENS,CART & TRAIL FEES 713910 898907 776259 122648 6225890 879 879 6448 6448 0 56588 2104476 -2047888 -2047888 -2047888 1859437 1036608 822829 787211 35618 HURRICANE INSURANCE PROCEEDS 713910 940545 940545 OTHER INCOME 713910 158310 158310 FOOD & BEVERAGE MINIMUM 713910 101334 101334 5298 5298 1205487 6207197 7155395 159145 -1107343 3565292 754245 1443 1848960 147198 GOLF COURSE MAINTENANCE 1154292 HURRICANE EXPENSES 937146 GENERAL & ADMINISTRATIV 575845 FOOD & BEVERAGE 464239 765764 10214424 3349677 2706904 163713 204099 213166 191414 180492 232636 40341400 14913454 26268476 25427946 2350 2350 30177874 28765349 886073 1340723 2988061 2082955 9056 757136 977076 643252 4860266 4824066 X 25317608 23941283 25317608 23941283 30177874 28765349 X -4007227 2630902 X X 0 1 X 1 0 7405396 7405396 13229765 6464154 6765611 6085206 2973274 3111932 13621033 5476026 8145007 25427946 MEMBERSHIP DEPOSITS 485000 DEFERRED COMPENSATION 158252 643252 X 7250253 1043056 1043056 6207197 0 6207197 11257480 1043056 1043056 10214424 0 10214424 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 STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN TAXES WITHIN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,036,608. RENTAL EXPENSES 6,448. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,036,608. RENTAL EXPENSES 6,448. X X X X 0 0 0 JEROME THIRION GENERAL MANAGER - FORMER 177137 0 90684 0 17778 0 9044 0 8079 0 302722 0 0 0 JOSHUA LEVITRE SUPERINTENDENT 144499 0 29289 0 7344 0 10000 0 11915 0 203047 0 0 0 ANDREW ZULLO GOLF PRO 168865 0 29714 0 11513 0 17579 0 11755 0 239426 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: GOLF EQUITY MEMBERS, INTERMEDIATE MEMBERS, AND SOCIAL EQUITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL EXPENDITURE IN EXCESS OF $2,000,000 AND RENOVATIONS ARE SUBJECT TO MEMBER 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 CLUB'S TREASURER. THE TREASURER REVIEWS 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 BY EVALUATING ANNUAL DISCLOSURES. IN ADDITION, ANYTHING THAT IS QUESTIONABLE IS PUT BEFORE THE GENERAL MANAGER AND COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 THE YEAR END BONUSES, RAISES, AND ANNUAL REVIEWS OF THE MANAGEMENT POSITIONS ARE CONDUCTED BY THE COMPENSATION COMMITTEE AND BOARD. INDUSTRY SURVEYS ARE ALSO USED FOR COMPARISON. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE COMPENSATION PACKAGES FOR ALL DEPARTMENT HEADS AND 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 ORGANIZATION PROVIDES COPIES OF THE CONFLICT OF INTEREST POLICY UPON REQUEST. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIP CERTIFICATES 1,687,020. REDEMPTION OF MEMBERSHIP CERTIFICATES -159,200. RENOVATION ASSESSMENTS 374,802. SOCIAL INITIATION FEES 100,000. CAPITAL FUNDING OF DEPRECIATION ASSESSMENTS 628,280. FORM 990: PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.