2019-07-11T08:50:35-05:00 2018-08-31 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2017-09-01 560163800 CAROLINA COUNTRY CLUB COMPANY CARO 9197873621 2500 GLENWOOD AVENUE RALEIGH NC 27608 JACK S SLAUGHTER GM/COO 9197873621 2019-07-11 1 CHRISTOPHER CECIL P01877773 3362724551 108.171.131.187 2019-07-11 09:50:25 ED P F531E206854B6962428C0A895C7039840091752F 4C1CA6CF951B9AFBB475C80B6A1091FE6A0EBE72 2017 2019-02-21 02:37:17Z JACK S SLAUGHTER 2500 GLENWOOD AVENUE RALEIGH NC 27608 17538048 0 X WWW.CAROLINACC.NET X 1918 NC THE CLUB IS A PRIVATE SOCIAL CLUB. 10 9 365 60 612599 0 0 0 10942411 12555605 350 -18929 2831753 3222629 13774514 15759305 0 0 0 0 8304216 8513844 0 0 0 6268865 6455024 14573081 14968868 -798567 790437 26027589 24982693 5597908 3762575 20429681 21220118 THE CLUB IS A PRIVATE SOCIAL CLUB 0 0 DINING ROOM AND GRILLE ROOM MAIN BAR AND GRILLE ROOM GOLF, TENNIS, SWIMMING, AND WELLNESS & YOUTH 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 1 0 0 0 0 0 0 0 0 1 51 0 1 365 1 1 1 0 0 0 1 1 1976500 981182 0 X 10 9 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 0 NC X LAURIE NUNNERY 9197873621 2500 GLENWOOD AVE RALEIGH NC 27608 ROBERT BOYETTE PRESIDENT 1.00 X X 0 0 0 BARRY D MANN VICE-PRESIDENT 1.00 X X 0 0 0 WILLIAM JAMES BLACK JR TREASURER 1.00 X X 0 0 0 DAVID M DUKE SECRETARY 1.00 X X 0 0 0 MICHAEL S PATTERSON ASST. TREASURER 1.00 X X 0 0 0 TYLER HIGHSMITH DIRECTOR 1.00 X 0 0 0 SALLY SCOTT TIPPETT DIRECTOR 1.00 X 0 0 0 JOHN F NASH DIRECTOR 1.00 X 0 0 0 W SIDNEY ALDRIDGE DIRECTOR 1.00 X 0 0 0 J ANDREWS BETTS EX-OFFICIO 1.00 X X 0 0 0 JACK S SLAUGHTER GENERAL MGR. 45.00 X 301824 0 40994 LAURIE NUNNERY CONTROLLER 45.00 X 116457 0 7737 ROBERT G YOUNG III GOLF COURSE SUPT. - OLD 40.00 X 186182 0 23884 THEODORE C KIEGIEL GOLF PROFESSIONAL 45.00 X 218954 0 30580 WILLIAM S CANNON TENNIS DIRECTOR 45.00 X 231055 0 29215 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 45.00 X 131940 0 21499 PATRICK COLLEY EXECUTIVE CHEF 45.00 X 140461 0 28668 PAUL BARON WELLNESS DIRECTOR 45.00 X 143774 0 8276 1470647 0 190853 8 0 1 0 RALEIGH EAST CONCRETE CONSTRUCTION CO 5201 BERYL ROAD RALEIGH NC 27606 CONSTRUCTION 140257 CLANCY & THEYS CONSTRUCTION CO INC 516 WEST CABARRUS STREET RALEIGH NC 27603 CONSTRUCTION 126202 RALEIGH POOLS 1400 SMITH RENO ROAD RALEIGH NC 27603 CONSTRUCTION 119166 LANDSCAPES UNLIMITED LLC 1201 ARIES DRIVE LINCOLN NE 68512 LANDSCAPING SERVICES 109245 BOZEMAN CLUB AND CORPORATE INT 456 EAST PACES FERRY ROAD NE ATLANTA GA 30305 INTERIOR DESIGN 107213 5 MEMBERSHIP FEES 713910 10260348 10260348 GROUNDS & GOLF FEE 713910 1386836 1285567 101269 TENNIS/SWIMMING 713910 509663 472965 36698 WELLNESS & YOUTH 713910 398758 398758 12555605 4150 23079 -18929 -18929 -18929 4926035 1755664 3170371 2697041 473330 MINIMUM CHARGES AND OTHER 713910 52258 50956 1302 52258 15759305 15165635 612599 -18929 642529 6255358 165125 956276 494556 93425 2803 36879 31996 44917 164640 74481 711275 50818 14437 73496 2174452 GOLF, TENNIS & FITNESS 582652 SUPPLIES 434852 MAINTENANCE & REPAIRS 396872 GOLF COURSE CHEMICALS, 361825 1205204 14968868 702673 644135 1507536 1495485 3988347 3986293 444371 439181 130902 155349 44013759 26677625 18159040 17336134 1094720 926116 26027589 24982693 1259420 1502863 3119934 1249934 1218554 1009778 5597908 3762575 X 165150 166800 9078208 7578407 11186323 13474911 20429681 21220118 26027589 24982693 790437 0 X X 0 1 X 1 0 664320 664320 17204686 10630201 6574485 7858594 4855563 3003031 18286159 11191861 7094298 17336134 A/P STOCK REDEMPTIONS 34600 CAPITAL LEASE LIABILITY 49062 DEFERRED COMPENSATION 926116 1009778 X 17514969 0 17514969 -1755664 -1755664 15759305 16724532 1755664 1755664 14968868 0 14968868 PART X, LINE 2: MANAGEMENT EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT THE CLUB HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,755,664. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,755,664. X 0 1 X 0 1 0 JACK S SLAUGHTER GENERAL MGR. 246669 0 45750 0 9405 0 22342 0 18652 0 342818 0 0 0 ROBERT G YOUNG III GOLF COURSE SUPT. - OLD 155976 0 8947 0 21259 0 10930 0 12954 0 210066 0 0 0 THEODORE C KIEGIEL GOLF PROFESSIONAL 203857 0 15010 0 87 0 11928 0 18652 0 249534 0 0 0 WILLIAM S CANNON TENNIS DIRECTOR 221657 0 9398 0 0 0 12207 0 17008 0 260270 0 0 0 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 117031 0 14844 0 65 0 10189 0 11310 0 153439 0 0 0 PATRICK COLLEY EXECUTIVE CHEF 129521 0 10814 0 126 0 10358 0 18310 0 169129 0 0 0 PAUL BARON WELLNESS DIRECTOR 134066 0 9708 0 0 0 2894 0 5382 0 152050 0 0 0 PART I, LINE 1A TRAVEL EXPENSES WERE PAID FOR A TRAVEL COMPANION FOR THE FOLLOWING INDIVIDUALS: JACK S. SLAUGHTER, GENERAL MANAGER GUSTAVO MUZZOLON, ASSISTANT GENERAL MANAGER ROBERT G. YOUNG,III, GOLF COURSE SUPERINTENDENT THE BENEFITS ARE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES. PART I, LINE 1B TRAVEL EXPENSES ARE PAID FOR THE GENERAL MANAGER AND A TRAVEL COMPANION BASED ON THE PROVISIONS SET FORTH IN HIS EMPLOYMENT AGREEMENT. TRAVEL EXPENSES FOR COMPANIONS FOR ANY OTHER EMPLOYEES ARE APPROVED BY THE GENERAL MANAGER. PART I, LINE 4B JACK S. SLAUGHTER, GENERAL MANAGER, IS A PARTICIPANT IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN. THIS IS AN UNFUNDED PLAN. UPON RETIREMENT AT AGE 65, VESTING WILL BECOME 100%. UP UNTIL THAT TIME, VESTING IS ZERO. NO PAYMENTS WERE MADE DURING THE YEAR. TYLER HIGHSMITH BOARD MEMBER 12480 PRESIDENT OF HIGHSMITH INSURANCE AGENCY WHICH REPRESENTED THE CLUB AS AN INSURANCE AGENT FOR THE YEAR ENDING AUGUST 31, 2018. 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO PAY MONTHLY MEMBERSHIP DUES. THE ORGANIZATION HAS CLASS A AND CLASS B COMMON STOCK. 7 SHARES OF CLASS A STOCK WERE ISSUED AND OUTSTANDING IN 2018 AND 3,329 SHARES OF CLASS B STOCK WERE ISSUED AND OUTSTANDING IN 2018. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB'S MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL SHAREHOLDER MEETING BY VOTING THEIR SHARES IN PERSON OR BY PROXY. FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES ONLY ACT IN AN ADVISORY CAPACITY AND DO NOT HAVE AUTHORITY TO ACT OR BIND THE CLUB LEGALLY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CONTROLLER AND THE TREASURER. THE BOARD IS THEN PROVIDED A COPY OF THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB REQUIRES ALL DIRECTORS TO FILL OUT AND SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD ALSO DISCUSSES ANYTIME A POSSIBLE CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD AND THE GENERAL MANAGER SET GOALS FOR THE UPCOMING YEAR. THE GENERAL MANAGER IS THEN EVALUATED ON HOW WELL THOSE GOALS WERE MET AND IS SCORED IN SPECIFIC AREAS. FINANCIAL BONUSES AND COMPENSATION ARE DEPENDENT UPON THE OVERALL SCORE. THE BOARD APPROVES BONUS PLANS AND SALARIES FOR KEY EMPLOYEES AS RECOMMENDED BY THE GENERAL MANAGER EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990 PART XII LINE 2C NO CHANGE FROM PRIOR YEAR.