2020-10-29T09:20:52-05:00 2019-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2019-01-01 941451412 MONTEREY PENINSULA COUNTRY CLUB MONT 8313731556 3000 CLUB RD PEBBLE BEACH CA 939532542 ROBERT KAVNER TREASURER 8313731556 2020-10-29 1 FRANK LUCAS P00995244 5616971785 2020-10-06 173.70.72.32 2020-10-29 09:04:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 547BB0577DF16EC1C70EE8C5DE5C6CB95F86A5CC 2019 2021-04-22 16:20:28Z ROBERT AXLEY 3000 CLUB RD PEBBLE BEACH CA 939532542 38569496 0 X WWW.MPCCPB.ORG X 1925 CA SEE SCHEDULE O.THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATION ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 9 9 391 9 2995852 535955 0 0 25331608 28968339 43948 588004 3008923 4198171 28384479 33754514 0 0 0 0 15950950 16751731 0 0 0 12035477 13661631 27986427 30413362 398052 3341152 63284629 61204190 11963345 7060379 51321284 54143811 X SEE SCHEDULE OTHE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED & OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE ORGANIZATION'S MISSION. 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 98 0 1 391 1 1 1 0 0 0 1 1 3405000 3739078 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 BRAD SPENCER 8313731556 3000 CLUB RD PEBBLE BEACH CA 93953 ROGER PEIRCE PRESIDENT 10.00 X X 0 0 0 ROBERT AXLEY VICE PRESIDENT 10.00 X X 0 0 0 ROBERT KAVNER TREASURER 10.00 X X 0 0 0 FRANK AMATO SECRETARY 10.00 X X 0 0 0 VIC SIMONE DIRECTOR 10.00 X 0 0 0 MICHAEL SHUTE DIRECTOR 10.00 X 0 0 0 KILE MORGAN DIRECTOR 10.00 X 0 0 0 PAUL WEST DIRECTOR 10.00 X 0 0 0 CHARLES WINSTON DIRECTOR 10.00 X 0 0 0 RICHARD B BUSMAN EMERITUS DIRECTOR OF FINANCE 40.00 X 151717 0 12700 JOHN WEST GENERAL MANAGER 40.00 X 366536 0 23583 BRADLEY SPENCER CONTROLLER 40.00 X 245579 0 17134 ROBERT ZOLLER GREENS & GROUNDS DIRECTOR 40.00 X 352453 0 25250 ROB ANDERSON DIRECTOR OF GOLF 40.00 X 309760 0 4485 KEVIN ROMAN TEACHING PROFESSIONAL 40.00 X 231623 0 4258 KHADIJA COLEY-MASON CATERING MANAGER 40.00 X 166484 0 3233 JENIFFER MURRAY HUMAN RESOURCES DIRECTOR 40.00 X 157249 0 1419 MORISHA DECHTER MEMBERSHIP MANAGER 40.00 X 138693 0 0 DAVID BOSWELL EXECUTIVE CHEF 40.00 X 170636 0 1849 MICHAEL BOWHAY EMERITUS GENERAL MANAGER 40.00 X 1618538 0 0 3909268 0 93911 11 1 1 0 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 70 WEST PALM BEACH FL 33401 AUDIT SERVICES 109918 1 MEMBERSHIP DUES & ASSESSMENTS 713910 24340509 24340509 GOLF ACTIVITIES AND GOLF CART STO 713910 3486667 2223739 1262928 SPECIAL PURPOSE FUNDS 713910 798486 661189 137297 LOCKER ROOMS AND FITNESS 713910 342677 342677 28968339 598298 598298 1380 11674 -10294 -10294 -10294 8497497 4803308 3694189 2696860 997329 MISCELLANEOUS INCOME 713910 503982 503982 503982 33754514 30768956 2995852 -10294 X 1509195 11080145 4162391 441562 92320 3453732 284542 INCOME TAXES 374264 GOLF COURSE MAINTENANCE 2930325 GENERAL & ADMINISTRATIV 1286459 CLUBHOUSE 951158 3847269 30413362 593851 476038 49564 76619 2648442 2579985 7440 638501 614223 233236 324418 77470752 27708130 51871390 49762622 3360073 3382010 2315132 952111 1567000 3036164 63284629 61204190 3281918 3330282 1714297 1792701 6967130 1937396 11963345 7060379 X 51321284 54143811 51321284 54143811 63284629 61204190 X 3341152 -518625 X X 0 1 X 1 0 270823 270823 34217135 10519464 23697671 12360055 7966427 4393628 30622739 9222239 21400500 49762622 DEFERRED COMPENSATION PAYABLE 1022322 LINE OF CREDIT 915074 1937396 X 38049491 4813602 4813602 33235889 518625 518625 33754514 35226964 4813602 4813602 30413362 0 30413362 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 INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 4,803,308. LOSS ON DISPOSAL OF PPE 10,294. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME FROM DEFERRED COMP PLAN NOT INCLUDED IN FINANCIAL STATEMENTS 518,625. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 4,803,308. LOSS ON DISPOSAL OF PPE 10,294. INTEREST INCOME FROM DEFERRED COMPENSATION PLAN X X X X X X 0 1 0 RICHARD B BUSMAN EMERITUS DIRECTOR OF FINANCE 107336 0 0 0 44381 0 12700 0 0 0 164417 0 0 0 JOHN WEST GENERAL MANAGER 289866 0 38400 0 38270 0 23583 0 0 0 390119 0 0 0 BRADLEY SPENCER CONTROLLER 175421 0 32000 0 38158 0 17134 0 0 0 262713 0 0 0 ROBERT ZOLLER GREENS & GROUNDS DIRECTOR 307563 0 0 0 44890 0 25250 0 0 0 377703 0 0 0 ROB ANDERSON DIRECTOR OF GOLF 260667 0 39000 0 10093 0 4485 0 0 0 314245 0 0 0 KEVIN ROMAN TEACHING PROFESSIONAL 59567 0 7500 0 164556 0 4258 0 0 0 235881 0 0 0 KHADIJA COLEY-MASON CATERING MANAGER 145650 0 19000 0 1834 0 3233 0 0 0 169717 0 0 0 JENIFFER MURRAY HUMAN RESOURCES DIRECTOR 128133 0 22000 0 7116 0 1419 0 0 0 158668 0 0 0 DAVID BOSWELL EXECUTIVE CHEF 145262 0 20000 0 5374 0 1849 0 0 0 172485 0 0 0 MICHAEL BOWHAY EMERITUS GENERAL MANAGER 1618538 0 0 0 0 0 0 0 0 0 1618538 0 0 0 PART I, LINE 4 - RECEIVED SEVERANCE, SUPPLEMENTAL NQ RETIREMENT, EQUITY- BASED COMPENSATION THE FOLLOWING EMPLOYEES PARTICIPATED IN THE CLUB'S SEC.457 TANDEM PLAN. IN 2019, THE CLUB MADE MATCHING AND DIRECT CONTRIBUTIONS TO THE SEC.457 PLAN AND TO THE SEC. 401(K) PLAN AS SHOWN BELOW. EMPLOYEES SEC 457 PLAN CONTR 401(K) PLAN CONTR --------- ------------------ ----------------- BRADLEY SPENCER $9,839 $7,295 RICHARD BUSMAN 10,773 1,926 ROBERT ZOLLER 16,850 8,400 JOHN WEST 15,053 8,530 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS PURCHASE MEMBERSHIP TO THE CLUB AND ARE CHARGED DUES MONTHLY FOR CONTINUED MEMBERSHIP. PROPRIETARY MEMBERS ARE RESPONSIBLE FOR ELECTING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS OF THE CLUB ELECT THREE NEW BOARD MEMBERS ANNUALLY. THE BOARD OF DIRECTORS ACTS ON BEHALF OF THE MEMBERS IN SETTING POLICY. FORM 990, PART VI, SECTION A, LINE 7B BY-LAW CHANGES, ASSESSMENTS OF AMOUNTS IN EXCESS OF YEARLY CAPITAL DUES, AND EXTRAORDINARY CAPITAL EXPENDITURES REQUIRE A MEMBERSHIP VOTE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CONTROLLER, PRESIDENT AND TREASURER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF DIRECTORS REVIEWS AND ACKNOWLEDGES THE CONFLICT OF INTEREST POLICIES. THE BOARD OF DIRECTORS AND MANAGEMENT THEN SIGN A COMPLIANCE AGREEMENT. MANAGEMENT HAS ONGOING ENFORCEMENT THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE COMPENSATION COMMITTEE, ESTABLISHED BY THE BOARD OF DIRECTORS, EVALUATES THE GENERAL MANAGER'S COMPENSATION AND SUBMITS COMPARABLE SALARY DATA TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMPENSATION COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT AND SURVEYS TO EVALUATE COMPENSATION VALUE FOR DIFFERENT POSITIONS. LINE 15B: KEY EMPLOYEE COMPENSATION LEVELS ARE EVALUATED BY THE GENERAL MANAGER AND SUBMITTED TO THE COMPENSATION COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON INSPECTION AT THE CLUB. FORM 990, PART IX, LINE 24E FOOD & BEVERAGE 940,759. SPECIAL PURPOSE FUND 828,813. SOCIAL ACTIVITIES 637,938. GOLF ACTIVITIES 511,912. ENERGY COSTS 399,428. LOCKER ROOM 195,529. MEMBERSHIP 137,163. GOLF PRO SHOP 75,271. CAPITAL EXPENSES 74,013. CART STORAGE, RENTALS & REPAIRS 46,443. FORM 990, PART XI, LINE 9: INTEREST INCOME FROM DEFERRED COMP PLAN NOT INCLUDED IN FINANCIAL STMTS -518,625. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.