2019-06-12T13:35:24-05:00 2018-07-31 420714325 RSM US LLP 5551 RIDGEWOOD DRIVE SUITE 401 NAPLES FL 34108 990 2017-08-01 650473088 BAY COLONY GOLF CLUB INC BAYC 2395929515 9740 BENT GRASS BEND NAPLES FL 34108 MICHAEL BRADFIELD GENERAL MANAGER 2395929515 2019-06-12 CHRISTOPHER CECIL P01877773 2395960105 108.171.131.189 2019-06-12 14:35:14 ED P 275CF77108C73FD0292F92E4F7F64B66EFD87EAA 4C1CA6CF951B9AFBB475C80B6A1091FE6A0EBE72 2017 2019-02-21 02:37:17Z HARRY DEBES 9740 BENT GRASS BEND NAPLES FL 34108 9532476 0 X WWW.BAYCOLONYGOLFCLUB.COM X 1996 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 109 9 98589 0 0 0 5443646 5646150 33576 23108 1391684 2912140 6868906 8581398 0 0 0 0 3961104 4399348 0 0 0 4293041 5888022 8254145 10287370 -1385239 -1705972 28756201 30177874 3580551 4860266 25175650 25317608 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 07/31/18 WAS APPROX. 19,954 OF WHICH APPROX 1,386 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,387,737 OF WHICH $82,667 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 22 0 1 109 1 1 1 0 0 0 1 1 1459019 131046 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 MARTHA MAZZITELLI 2395929515 9740 BENT GRASS BEND NAPLES FL 34108 HARRY DEBES PRESIDENT 1.00 X X 0 0 0 PHIL WARREN VICE PRESIDENT 1.00 X X 0 0 0 JOHN MILLER TREASURER 1.00 X X 0 0 0 CURT EDWARDS SECRETARY 1.00 X X 0 0 0 ROBERT AMEN DIRECTOR 1.00 X 0 0 0 KEVIN POWDERLY DIRECTOR 1.00 X 0 0 0 WILL BOBB DIRECTOR 1.00 X 0 0 0 JAN EVELEIGH DIRECTOR 1.00 X 0 0 0 SUNNY SAPIENTE DIRECTOR 1.00 X 0 0 0 JEROME THIRION GENERAL MANAGER 40.00 X 306371 0 20220 CASEY COOK CLUBHOUSE MANAGER 40.00 X 115374 0 6754 JOSHUA LEVITRE SUPERINTENDENT 40.00 X 189561 0 21703 ANDY ZULLO DIRECTOR OF GOLF 40.00 X 226583 0 29281 WILHELM GAHABKA EXECUTIVE CHEF 40.00 X 166576 0 38068 1004465 0 116026 5 0 1 0 0 DUES REVENUE 713910 4807120 4807120 GREENS,CART & TRAIL FEES 713910 839030 790651 48379 5646150 558 558 22550 0 22550 22550 22550 1923621 951078 972543 922891 49652 HURRICANE ASSESSMENTS 713910 1213611 1213611 HURRICANE INSURANCE PROCEEDS 713910 250000 250000 CAPITAL ASSESSMENT 713910 171008 171008 304978 304978 1939597 8581398 6996648 98589 1486161 3645970 753378 27805 1708816 130880 HURRICANE EXPENSES 1463611 GOLF COURSE MAINTENANCE 1018998 GENERAL & ADMINISTRATIV 418544 FOOD & BEVERAGE 394207 725161 10287370 3401111 3349677 233440 163713 202415 213166 162128 180492 39762942 13494466 24754756 26268476 2351 2350 28756201 30177874 958897 886073 1489979 2988061 17704 9056 1113971 977076 3580551 4860266 X 25175650 25317608 25175650 25317608 28756201 30177874 X -1705972 1847930 X X 0 1 X 1 0 7405396 7405396 15293010 6395529 8897481 6033212 2523086 3510126 11031324 4575851 6455473 26268476 MEMBERSHIP DEPOSITS 776000 DEFERRED COMPENSATION 201076 977076 X 9532476 951078 951078 8581398 0 8581398 11238448 951078 951078 10287370 0 10287370 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 951,078. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 951,078. X 1 1 X X X X 0 0 0 JEROME THIRION GENERAL MANAGER 190828 0 83578 0 31965 0 7921 0 12299 0 326591 0 0 0 JOSHUA LEVITRE SUPERINTENDENT 144239 0 37987 0 7335 0 10000 0 11703 0 211264 0 0 0 ANDY ZULLO DIRECTOR OF GOLF 146329 0 70531 0 9723 0 16392 0 12889 0 255864 0 0 0 WILHELM GAHABKA EXECUTIVE CHEF 137727 0 15976 0 12873 0 20677 0 17391 0 204644 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 AND PRESIDENT. THEY REVIEW 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 2,358,230. REDEMPTION OF MEMBERSHIP CERTIFICATES -585,500. RENOVATION ASSESSMENTS 75,200. FORM 990: PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.