PORT ROYAL CLUB INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- PORT ROYAL CLUB INC (EIN 59-0876282)
- Tax period
- 2018-08-01 to 2019-07-31
- Filed
- 2019-12-20
- IRS object ID
- 201923549349301412
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-12-20T16:06:37-06:00 | ReturnTs |
| Tax Period End | 2019-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 592840381 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Phillips Harvey Group | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 Laurel Oak Drive Suite 303 | AddressLine1Txt |
| City | Naples | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 341082764 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590876282 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Port Royal Club Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PORT | BusinessNameControlTxt |
| Phone | 2392617615 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Gordon Drive | AddressLine1Txt |
| City | Naples | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Karen Naccarato | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 2392617615 | PhoneNum |
| Signature | 2019-12-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nathan A Phillips CPA | PreparerPersonNm |
| PTIN | P00189856 | PTIN |
| Phone | 2395661600 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 74.118.234.193 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-12-20 | IPDt |
| IP Tm | 17:06:25 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F4B237863A8C377D3ABE3D4E786DBE5C70121EE2 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 7C2523F000228000571767C39583CDDFDC461DD0 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Karen Naccarato | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Gordon Drive | AddressLine1Txt |
| City | Naples | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,009,238 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.portroyalclub.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1959 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | The Port Royal Club was established in 1959. It is a private beach club offering dining, fitness, swimming and social services for its members. Port Royal property ownership is required for membership. The Club is open from mid-August to mid-July, when it closes for a month. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 172 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $877,915 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $408,935 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,114,403 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,577,517 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$512,737 | PYInvestmentIncomeAmt |
| CY Investment Income | $175,567 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,260,673 | PYOtherRevenueAmt |
| CY Other Revenue | $8,287,132 | CYOtherRevenueAmt |
| PY Total Revenue | $12,862,339 | PYTotalRevenueAmt |
| CY Total Revenue | $15,040,216 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,871,845 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,350,637 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,643,950 | PYOtherExpensesAmt |
| CY Other Expenses | $4,635,259 | CYOtherExpensesAmt |
| PY Total Expenses | $11,515,795 | PYTotalExpensesAmt |
| CY Total Expenses | $11,985,896 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,346,544 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,054,320 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $39,136,750 | TotalAssetsBOYAmt |
| Total Assets EOY | $42,470,237 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,796,548 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,932,053 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,340,202 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $34,538,184 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The mission of The Port Royal Club is to be an outstanding family beach club with excellent facilities for dining, tennis, swimming and fitness, which members will be proud to use for their personal and entertainment needs. Management will strive for excellence in all aspects of Club offerings in a fiscally responsible manner.The Port Royal Club was established in 1959 and is a private beach Club. Port Royal property ownership is required for membership. The Club is open from mid-August to mid-July, when it closes for a month.Initiation fee: $125,000 plus FL state sales tax (Due upon application for membership)Annual Dues: $9,600 plus FL state sales tax (Pro-rated from date membership application is received for fiscal year ending July 31) | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | The Port Royal Club (PRC) is a private beach club offering dining, fitness, swimming, and social facilities for its members. The Club is open from mid-August until mid July, when it closes for a month. In November, the Welcome Back Party welcomes members when they come into town bringing their families for the Season.Other parties are prepared to celebrate important dates, such as Halloween, Thanksgiving, Christmas, New Year's Eve, Super Bowl, Valentine's Day, Easter, Memorial Day and Independence Day. A continental breakfast is offered every morning from 7:30 to 10 a.m., except on Mondays, November thru May.PRC also offers a la carte lunch (12-3 p.m.) and dinner (5-9 p.m.) Tuesday through Saturday, closed Sunday evenings May to November. Most Friday nights in season, at the main dining room, there is a Seafood Buffet, and to finish the weekend, there is a Sunday Brunch and Sunday Sunset Dinner.The Club can accommodate up to 300 people for private parties including birthdays, weddings, Christmas parties.The Port Royal Club has a fitness center across the street from the clubhouse. Amenities include: Techno gym equipment - among the finest in the world, Personal Training, Pilates and Aerobics rooms. The members can also make appointments for Massage and Facial treatments.Along with the fitness facilities there are nine Hydro-Grid tennis courts and a Pro Shop. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 96 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 172 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Initiation Fees And Cap Contri | $4,345,000 | InitiationFeesAndCapContriAmt |
| Gross Receipts For Public Use | $196,858 | GrossReceiptsForPublicUseAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Karen Naccarato | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2392617615 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Gordon Drive | AddressLine1Txt |
| City | Naples | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Chad Ott | ||||||||
| President | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Stuart Materne | ||||||||
| 1st Vice President | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| George Schreiber | ||||||||
| 2nd Vice President | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Karen Scott | ||||||||
| Secretary | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Richard Eide | ||||||||
| Treasurer | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Ted Rorer | ||||||||
| Director | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Lilly Burke | ||||||||
| Director | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert Coletti | ||||||||
| Director | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Shellie Baur | ||||||||
| Director | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Bernard Poussot | ||||||||
| Director | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Jean-Pierre Garnier | ||||||||
| Director | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Armstrong | ||||||||
| Director | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| Tom Birmingham | ||||||||
| Chief Operating Officer | 40.00 | $305,798 | $0 | $46,118 | Yes (X) | |||
| James Millet | ||||||||
| Assistant General Manager | 40.00 | $133,944 | $0 | $5,550 | Yes (X) | |||
| Thomas McGraw | ||||||||
| Director of Tennis | 40.00 | $146,928 | $0 | $5,550 | Yes (X) | |||
| Charles Hartung | ||||||||
| Executive Chef | 40.00 | $156,150 | $0 | $24,737 | Yes (X) | |||
| Karen Naccarato | ||||||||
| Chief Financial Officer | 40.00 | $154,316 | $0 | $22,899 | Yes (X) | |||
| Kathleen Hoeft | ||||||||
| Director of Fitness | 40.00 | $124,479 | $0 | $5,550 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,021,615 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $110,404 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lockton Companies | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 SW 160th Ave Ste 200 | AddressLine1Txt |
| City | Miramar | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33027 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Insurance | ServicesDesc |
| Compensation | $589,809 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Membership Dues and Fees | 900099 | $6,575,666 | $6,524,808 | $50,858 |
| Guest Fees | 900099 | $1,851 | $1,851 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,577,517 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $482,149 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $482,149 | UnrelatedBusinessRevenueAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $7,000 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $12,011 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$5,011 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$5,011 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$5,011 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $5,345 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $311,927 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$306,582 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$306,582 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$306,582 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $4,361,463 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,645,084 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,716,379 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,612,283 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $104,096 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Initiation fees | 900099 | $4,345,000 | $4,281,250 | $63,750 |
| Fitness Sports Income and Other | 900099 | $1,056,300 | $1,032,878 | $23,422 |
| Wait List Fees | 900099 | $174,464 | $17,664 | $156,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,575,764 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,040,216 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,162,301 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $877,915 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $311,653 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,702,588 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $193,652 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $644,598 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,146 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,280 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,925 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,488 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,233,032 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $647,186 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Unrelated business inco | $105,800 |
| Clubhouse | $628,883 |
| Grounds | $488,555 |
| Food/beverage | $474,376 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $922,734 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,985,896 | TotalAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,130,885 | BOYAmt |
| EOY | $9,782,273 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,708 | BOYAmt |
| EOY | $186,851 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,513 | BOYAmt |
| EOY | $143,046 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $651,853 | BOYAmt |
| EOY | $691,570 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $31,977,117 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,571,016 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,315,373 | BOYAmt |
| EOY | $16,406,101 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,681,952 | BOYAmt |
| EOY | $15,188,257 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,466 | BOYAmt |
| EOY | $72,139 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,136,750 | BOYAmt |
| EOY | $42,470,237 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,662,872 | BOYAmt |
| EOY | $1,106,747 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,305,057 | BOYAmt |
| EOY | $5,701,564 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $828,619 | BOYAmt |
| EOY | $1,123,742 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,796,548 | BOYAmt |
| EOY | $7,932,053 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,340,202 | BOYAmt |
| EOY | $34,538,184 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,340,202 | BOYAmt |
| EOY | $34,538,184 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,136,750 | BOYAmt |
| EOY | $42,470,237 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,054,320 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $143,662 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $817,688 | InvestmentCostOrOtherBasisAmt |
| Book Value | $817,688 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $23,785,925 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $11,348,062 | DepreciationAmt |
| Book Value | $12,437,863 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $7,357,277 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $4,222,954 | DepreciationAmt |
| Book Value | $3,134,323 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $16,227 | InvestmentCostOrOtherBasisAmt |
| Book Value | $16,227 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $16,406,101 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Refundable capital assessments | $783,000 |
| Capital lease obligation | $340,742 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,123,742 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $17,140,555 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $143,662 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,963,677 | OtherRevenueAmt |
| Revenue Not Reported | $2,107,339 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,033,216 | RevenueSubtotalAmt |
| Other Revenues Not Included | $7,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $7,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,040,216 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $13,942,573 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,963,677 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,963,677 | ExpensesNotReportedAmt |
| Expenses Subtotal | $11,978,896 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $7,000 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $7,000 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $11,985,896 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The Club has evaluated its tax positions and concluded that the Club has taken no uncertain tax positions. |
| Part XI, Line 2d - Other Adjustments: | Cost of Goods Sold 1,645,084. Room rental - allocated expenses 12,011. Loss on Disposal of Assets 306,582. |
| Part XI, Line 4b - Other Adjustments: | Room rental - private event 7,000. |
| Part XII, Line 2d - Other Adjustments: | Cost of Goods Sold 1,645,084. Loss on Sale of Asset 306,582. Room rental - allocated expenses 12,011. |
| Part XII, Line 4b - Other Adjustments: | Room rental - private event 7,000. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tom Birmingham | ||||||||||||||
| Chief Operating Officer | $275,798 | $0 | $30,000 | $0 | $0 | $0 | $16,470 | $0 | $29,648 | $0 | $351,916 | $0 | $0 | $0 |
| Thomas McGraw | ||||||||||||||
| Director of Tennis | $139,278 | $0 | $2,000 | $0 | $5,650 | $0 | $0 | $0 | $5,550 | $0 | $152,478 | $0 | $0 | $0 |
| Charles Hartung | ||||||||||||||
| Executive Chef | $137,910 | $0 | $12,000 | $0 | $6,240 | $0 | $0 | $0 | $24,737 | $0 | $180,887 | $0 | $0 | $0 |
| Karen Naccarato | ||||||||||||||
| Chief Financial Officer | $134,546 | $0 | $13,000 | $0 | $6,770 | $0 | $13,853 | $0 | $9,046 | $0 | $177,215 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Lockton Companies LLC | |||
| Club Member | $589,809 | Lockton Companies, LLC provides property / casualty insurance to the Club. | 0 |
| Forte Designs | |||
| Club Member | $80,078 | Design services | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | The Club is a 501(c)(7) club with members. |
| Form 990, Part VI, Section A, line 7a | The members of the Club may elect members to the governing body. |
| Form 990, Part VI, Section A, line 7b | The Board of Director's decision to sell or otherwise encumber Club land or real property, levy assessments in excess of $250 in any fiscal year, or decisions to adopt, alter, amend, or rescind the Club's by-laws are subject to member approval. |
| Form 990, Part VI, Section B, line 11b | The Chief Financial Officer reviews the Federal Forms 990/990T and F-1120 and if she has questions, she contacts the preparer. Then, the governing body reviews the Federal Forms 990/990T and F-1120 prior to filing. |
| Form 990, Part VI, Section B, line 12c | Management staff completes and signs a disclosure statement indicating organizations to which they are affiliated that transact with the Club. The disclosure statement specifies the duty to disclose any financial interest prior to negotiating any proposed transaction to the Board of Directors. New vendors are required to complete a New Vendor form which is approved by Management. The Club's New Vendor form requests the identification of potential related-party situations. If a related-party situation is created by the selection of a particular vendor, the Club follows its established policies and procedures for identifying and approving such relationships, including the completion of an approved Conflict of Interest form. |
| Form 990, Part VI, Section B, line 15 | The Board of Directors perform a formal review of the General Manager annually. The formal review form is divided into Sections with the reviewer noting whether the General Manager has "exceed requirements, meet requirements, does not meet requirements and no opinion". The reviewer is also allowed comments for each section. Section A evaluates the end results of the Club's activities that directly affect members; PRC believes the General Manager is directly or indirectly responsible for quality in these areas. The areas include: Food and Beverage, Private Parties, Club Events, Fitness, Tennis, Clubhouse and Grounds. The second section evaluates other important operations of the Club that are more internal and not directly apparent to membership as a whole. The GM's individual performance relative to these activities are evaluated. These activities include: Personnel Management, Member Relations, Board Relations, Financial Management, Construction Management. The next section of the evaluation evaluates the personal characteristics of the General Manager. The personal characteristics evaluated include: Knowledge of the Club, Knowledge of Club Management, Work Ethic, Leadership, Candor, Flexibility, Problem Management. The last section allows the reviewer to provide an opportunity for overall evaluation of the General Manager. The General Manager performs a formal review of the Chief Financial Officer annually. The formal review form is divided into Evaluation Topics (Quantity of Work, Quality of Work, Punctuality of work, Initiative, Creativity and Judgment, Commitment to the Club's Goals, Ability to Work with Others, Responsiveness to Supervision, Compliance with Club Policy and Practices and Overall Performance). For each Evaluation topic, the General Manager reviews the Chief Financial Officer using a sliding rating scale of A through E ratings. Then the General Manager may comment and make suggestions, as needed. At the end of the evaluation, the General Manager notes any additional comments, primary areas of future focus for the Chief Financial Officer. There are also sections for comments on Supervisor's Comments, Areas for Improvement and Employee Comments. The form is signed by both the General Manager and Chief Financial Officer. |
| Form 990, Part VI, Section C, line 19 | Governing documents are published in PRC's Member Directory Book and distributed to each Member every year as well as posted on the PRC website (www.portroyalclub.org). Financial statements and Club policies are available for Members upon request, Printed copies of financials are provided for Members at the annual meeting. The Federal Forms 990/990T are available for viewing on Guidestar. |
Comments