2020-07-16T14:10:07-05:00 2019-12-31 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2019-01-01 273966137 DESERT MOUNTAIN CLUB INC DESE 4805954000 10550 E DESERT HILLS DRIVE SCOTTSDALE AZ 85262 ANDREA RANDALL CHIEF FINANCIAL OFFICER 4805954000 2020-07-09 1 BRENDA BLUNT P00075126 6023810381 2020-07-09 65.140.217.66 2020-07-09 16:34:16 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F00CC96B76A2F3735E6CAD70FDC6067CB22599C8 2019 2020-09-23 17:36:50Z SCOTT URDANG 10550 E DESERT HILLS DRIVE SCOTTSDALE AZ 85262 77214713 0 X WWW.DESERTMOUNTAIN.COM X 2010 AZ TO PROVIDE PRIVATE GOLF COURSES, CLUBHOUSES, AND OTHER STANDARD AMENTITIES TO ITS MEMBERS. 9 9 1129 20 4842256 1075486 0 0 53950614 58714284 63656 2979020 5466405 6601914 59480675 68295218 18305 14623 0 0 31906326 35490960 0 0 0 27081204 28060188 59005835 63565771 474840 4729447 139473803 146738457 42538885 45999345 96934918 100739112 NONE 0 0 WE PROVIDED PRIVATE GOLF COURSES, CLUBHOUSES, AND OTHER STANDARD AMENTITIES TO THE CLUB'S APPROXIMATELY 2,190 MEMBERS. 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 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 345 0 1 1129 1 1 1 0 0 0 0 7012000 2133449 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X AMY IACOVELLI 4805954000 10550 E DESERT HILLS DR SCOTTSDALE AZ 85262 LEO BIRKBY DIRECTOR 8.00 X 0 0 0 STEVEN HARPER DIRECTOR 8.00 X 0 0 0 LYNN MAGNUSON DIRECTOR 8.00 X 0 0 0 WAYNE MAILLOUX DIRECTOR 8.00 X 0 0 0 CAROL ANN PETREN DIRECTOR 8.00 X 0 0 0 SCOTT URDANG PRESIDENT 8.00 X X 0 0 0 HAROLD BOYANOVSKY VICE PRESIDENT 8.00 X X 0 0 0 MARK GILMAN TREASURER 8.00 X X 0 0 0 CHRIS STORBEK SECRETARY 8.00 X X 0 0 0 DAMON DIORIO CEO 45.00 X 701265 0 37290 ANDREA RANDALL CFO 45.00 X 263114 0 23483 SHAWN EMERSON DIRECTOR OF AGRONOMY 45.00 X 324722 0 16257 CHRISTOPHE HERMINE DIR. OF CLUB OPERATIONS-THRU 12/19 45.00 X 280807 0 16670 KELI GREENBERG DIRECTOR OF HR 45.00 X 235518 0 18450 TODD BRUEN DIRECTOR OF FACILITIES & MAINTENANCE 45.00 X 239477 0 19111 AMY IACOVELLI CONTROLLER 45.00 X 159532 0 10714 GREGG LEONARD DIRECTOR OF ATHLETICS & SONORAN 45.00 X 163001 0 17113 JOHN LYBERGER PGA DIRECTOR OF GOLF 45.00 X 453881 0 20710 2821317 0 179798 9 0 1 0 NEWMAN BUILDERS LLC 5725 N SCOTTSDALE ROAD STE C-135 SCOTTSDALE AZ 85250 BUILDING SERVICES 338089 PERFORMANCE PAVING & SEALING LLC PO BOX 20584 FOUNTAIN HILLS AZ 85269 PAVING AND SEALING SERVICES 232910 FENNEMORE CRAIG PC 2394 E CAMELBACK ROAD PHOENIX AZ 85016 LEGAL SERVICES 220977 ARIZONA MACHINERY LLC 11111 W MCDOWELL ROAD AVONDALE AZ 85392 MACHINERY RENTAL 188799 NBC UNIVERSAL LLC LOCKBOX 281401 ATLANTA GA 30384 ADVERTISING FOR MEMBERSHIPS 115387 11 MEMBER DUES AND ASSESMENTS 713910 39518361 39518361 INITIATION AND TRANSFER FEES 713910 7012000 7012000 MISC CLUB INCOME 713910 3400778 3400778 GREENS AND HANDICAP FEES 713910 2855187 2855187 GOLF CART AND CLUB RENTALS 713910 2720422 2720422 3207536 3207536 58714284 429807 429807 1013209 371257 641952 641952 606417 35535 2549213 0 2549213 2549213 2549213 14508200 8548238 5959962 4703143 1256819 68295218 63417427 4842256 35535 14623 1667486 27146439 441065 3937518 2298452 212809 58893 1747101 1042127 1296134 477336 4667067 116817 18059 1202608 6910466 1135217 FEDERAL AND STATE INCOM 180499 REPAIRS AND MAINTENANCE 1982020 EQUIPMENT RENTAL 1321979 FERTILIZER AND CHEMICAL 1027392 4663664 63565771 13545947 3261058 534456 11738365 5640422 6263633 11054370 5549756 1733181 1947971 1143828 1415985 164036016 54144963 98897234 109891053 997614 959711 5926751 5710925 0 139473803 146738457 9609830 5316064 1745863 1880633 27837219 26454985 3345973 12347663 42538885 45999345 X 96934918 100739112 96934918 100739112 139473803 146738457 4729447 -925253 0 X 0 1 X 1 0 2239000 4343500 6582500 1379000 61221255 11122510 51477745 9058134 7115143 1942991 85795127 35907310 49887817 109891053 245919 CAPITAL LEASES 8286758 DUES REPAYMENT PROGRAM -3735 RETIREMENT PLAN 457(B) 294555 NON-EQUITY MEM. SUR. BENEFIT 260000 CLUB LIABILITY SUPPLEMENTAL ASSESSMENT 316995 INTEREST RATE SWAP LIABILITY 1431974 AMORTIZATION OF SUPPLEMENTAL ASSESSMENT 583234 SUPPLEMENTAL ASSESSMENT 931963 12347663 X 67996152 -925253 626187 -299066 68295218 0 68295218 64191958 626187 626187 63565771 0 63565771 PART X, LINE 2: THE CLUB EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2019 AND 2018, THE UNRECOGNIZED TAX BENEFITS ACCRUAL WAS ZERO. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL COST OF SALES NETTED AGAINST REVENUE 254,816. RENTAL EXPENSES NETTED AGAINST REVENUE 371,257. MISCELLANEOUS EXPENSES RECLASSIFIED FROM FINANCIAL STATEMENTS 114. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENESS NETTED AGAINST REVENUE 371,257. ADDITIONAL COST OF SALES NETTED AGAINST REVENUE 254,816. MISCELLANEOUS EXPENSES RECLASSIFIED FROM FINANCIAL STATEMENTS 114. 1 ARIZONA COMMUNITY FOUNDATION 2201 E CAMELBACK ROAD SUITE 405B PHOENIX AZ 85016 860348306 501(C)(3) 7625 DESERT MOUNTAIN COMMUNITY PROGRAMS 1 0 PART I, LINE 2: GRANTS ARE MADE TO WELL-ESTABLISHED CHARITIES FOR UNRESTRICTED USE IN THEIR GENERAL PROGRAMS. POST-GRANT MONITORING IS NOT CONSIDERED NECESSARY. X X X X X X 0 0 0 DAMON DIORIO CEO 572817 0 125000 0 3448 0 28893 0 9371 0 739529 0 0 0 ANDREA RANDALL CFO 213594 0 40950 0 8570 0 9500 0 14956 0 287570 0 0 0 SHAWN EMERSON DIRECTOR OF AGRONOMY 265322 0 59400 0 0 0 5492 0 11751 0 341965 0 0 0 CHRISTOPHE HERMINE DIR. OF CLUB OPERATIONS-THRU 12/19 238741 0 37200 0 4866 0 6319 0 11297 0 298423 0 0 0 KELI GREENBERG DIRECTOR OF HR 193081 0 33894 0 8543 0 9079 0 10300 0 254897 0 0 0 TODD BRUEN DIRECTOR OF FACILITIES & MAINTENANCE 201600 0 37050 0 827 0 7660 0 12386 0 259523 0 0 0 AMY IACOVELLI CONTROLLER 143641 0 15891 0 0 0 5688 0 5799 0 171019 0 0 0 GREGG LEONARD DIRECTOR OF ATHLETICS & SONORAN 142269 0 17820 0 2912 0 6404 0 11513 0 180918 0 0 0 JOHN LYBERGER PGA DIRECTOR OF GOLF 333462 0 117507 0 2912 0 9305 0 12378 0 475564 0 0 0 PART I, LINE 3 AS PART OF THEIR FIDUCIARY RESPONSIBILITY, THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE WHICH OBTAINS A COMPENSATION SURVEY BY AN INDEPENDENT THIRD PARTY, AS APPROPRIATE. THE CEO AND THE COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE. WEST CREEK PARTNERS LLC OWNED BY ROBERT JONES, FORMER GENERAL MANAGER 58201 CONSULTING AGREEMENT 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS TWO CATEGORIES OF VOTING EQUITY MEMBERS: EQUITY GOLF MEMBERS AND EQUITY CLUB MEMBERS. EQUITY GOLF MEMBERS HAVE ACCESS TO ALL FACILITIES INCLUDING UNLIMITED GOLF AND TENNIS AND HAVE EACH EQUITY GOLF MEMBER HAS TWO (2) VOTES, EACH. EQUITY CLUB MEMBERS HAVE ONE (1) VOTE EACH. NON-EQUITY MEMBERSHIPS WERE ISSUED PRIOR TO DECEMBER 31, 2010. NO NEW NON-EQUITY MEMBERS ARE BEING ADMITTED. NON-EQUITY MEMBERS DO NOT VOTE ON GENERAL MATTERS; THEIR VOTING RIGHTS ARE FURTHER DESCRIBED ON LINE 7(B). FORM 990, PART VI, SECTION A, LINE 7A CERTAIN DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B AT ANNUAL MEMBER MEETINGS EQUITY MEMBERS ENTITLED TO VOTE MAY VOTE ON "MAJOR DECISIONS". MAJOR DECISIONS ARE DEFINED AS: (A) A MAJOR CAPITAL EXPENDITURE FOR NEW CAPITAL IMPROVEMENTS AND EXPANDED FACILITIES OR AS MAY BE REQUIRED, AS DETERMINED BY THE BOARD, THAT ARE NOT CAPITAL REPAIR AND REPLACEMENT ITEMS AND ARE IN EXCESS OF FIVE PERCENT (5%) OF THE THEN CURRENT CLUB ANNUAL GROSS REVENUE, INCLUDING TRANSFER FEES. (B) A SALE OF THE CLUB FACILITIES OR ANY INDIVIDUAL CLUB FACILITY, (C) A MATERIAL ADVERSE CHANGE TO THE MEMBERSHIP TRANSFER FEE, (D) A CHANGE OR ADDITION TO THE MEMBERSHIP CATEGORIES OR CHANGES IN EXISTING MEMBERSHIP CATEGORIES THAT RESULT IN AN INCREASE IN THE MAXIMUM NUMBER OF EQUITY GOLF OR EQUITY CLUB MEMBERS ABOVE THE CAPS STATED IN THE BYLAWS, AND (E) AND AMENDMENT TO THE BYLAWS. ANY AMENDMENT TO THE BYLAWS THAT DISCRIMINATES OR IMPOSES GREATER OBLIGATIONS OR FEWER RIGHTS THAT APPLY SOLELY AGAINST THE DEVELOPER RETAINED MEMBERSHIPS COMPARED TO OTHER EQUITY GOLF MEMBERSHIPS IN THE CLUB, OR MODIFIES ANY OF THE RIGHTS AND PRIVILEGES OF THE NON-EQUITY MEMBERSHIPS IN THE CLUB NOT OTHERWISE AMENDABLE UNDER THE APPLICABLE TERMS AND PROVISIONS OF THE PRIOR CLUB OF THE PRIOR PLANS, OR REVISE ANY OF THE RIGHTS OF DESERT MOUNTAIN PROPERTIES LIMITED PARTNERSHIP ("DMP") GRANTED IN THE BYLAWS, REQUIRES PRIOR WRITTEN APPROVAL OF DMP. SUCH APPROVAL CANNOT BE UNREASONABLY WITHHELD. ANY ASSESSMENT OF THE NON-EQUITY MEMBERS IS SUBJECT TO OBTAINING THE REQUIRED AFFIRMATIVE VOTE OF THE NON-EQUITY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CLUB'S CHIEF FINANCIAL OFFICER AND IS PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS WILL MEET AT LEAST 9 TIMES EACH CALENDAR YEAR TO DISCUSS ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THEIR FIDUCIARY RESPONSIBILITY, THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE WHICH OBTAINS A COMPENSATION SURVEY BY AN INDEPENDENT THIRD PARTY, AS APPROPRIATE. THE COMPENSATION OF TOP-LEVEL EMPLOYEES IS EVALUATED ANNUALLY BY THE CEO AND THE COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS KEPT READILY AVAILABLE IN THE MAIN OFFICE OF THE CLUB.