2019-11-12T09:10:09-06:00 2018-12-31 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2018-01-01 592369514 OAKS CLUB CORPORATION OAKS 9419662161 301 MACEWEN DR OSPREY FL 34229 JEFFREY R HARTIGAN GM/COO 9419662161 2019-11-11 1 REBECCA U STONER P00585910 9413654617 71.101.221.218 2019-11-11 12:51:06 ES P 1DDA76E780E419B43F0AC8CCF8703AACD10E77E2 714E6C1B206DC3F987CF9E146D19709275A9BB1D 2018 2020-03-31 21:24:44Z JEFFREY R HARTIGAN 301 MACEWEN DRIVE SARASOTA FL 34229 15633046 0 X WWW.THEOAKSCLUB.COM X 1984 FL THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE AND MAINTAIN A CLUB WHICH AFFORDS WORLD-CLASS GOLF, TENNIS, SOCIAL FACILITIES AND ACTIVITIES FOR THE BENEFIT AND USE OF ITS MEMBERS AND GUESTS. 8 8 226 100 345517 2983 0 0 12649510 13264211 0 -43945 1022644 951289 13672154 14171555 0 0 0 0 6422267 6879186 0 0 0 6695391 7045115 13117658 13924301 554496 247254 38130393 37351954 14540197 13654087 23590196 23697867 THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE AND MAINTAIN A CLUB WHICH AFFORDS WORLD-CLASS GOLF, TENNIS, SOCIAL FACILITIES AND ACTIVITIES FOR THE BENEFIT AND USE OF ITS MEMBERS AND GUESTS. 0 0 PROVIDING AND MAINTAINING THE CLUB FACILITIES FOR THE BENEFIT AND USE OF ITS 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 111 0 1 226 1 1 1 0 0 0 0 2743932 502662 0 0 0 X 8 8 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 FL X KAREN KING 9419662161 301 MACEWEN DRIVE OSPREY FL 34229 PAUL BEGGAN BOARD MEMBER 6.50 X 0 0 0 LOU RICHARDSON-RHYNE BOARD MEMBER 6.50 X 0 0 0 MIKE WALLACE BOARD MEMBER 6.50 X 0 0 0 DOUG CASEY SECTY THRU APR 2018; BOARD MEMBER 6.50 X X 0 0 0 TERRY TUBAUGH PRES APR THRU DEC 2018; BOARD MEMBER 6.50 X X 0 0 0 STEVE LAHOOD SECTY EFF. APRIL 2018 6.50 X X 0 0 0 BOB KELLER TREAS THRU APRIL 2018 6.50 X X 0 0 0 SAM STRICKLAND TREAS EFF. APRIL 2018 6.50 X X 0 0 0 MIKE LONIER VP EFF. APR 2018; PRES DEC. 2018 6.50 X X 0 0 0 CLAUDIA LATONA VP EFF. DEC. 2018 6.50 X X 0 0 0 CARL KOCH PRES THRU APRIL 2018 6.50 X X 0 0 0 JEFFREY R HARTIGAN GM/COO 40.00 X 374099 0 27714 KAREN KING DIR. OF FINANCE 40.00 X 161045 0 12586 THOMAS WHITTEN DIR. OF TENNIS 40.00 X 160563 0 13842 TIMOTHY BECKWITH DIR. OF GOLF 40.00 X 158856 0 22705 JAMES PAMPINELLA II EXECUTIVE CHEF 40.00 X 143037 0 22191 NICHOLAS KEARNS DIR. OF GROUNDS 40.00 X 179473 0 21949 SUSAN GREENE DIR OF MEMBERSHIP 40.00 X 122849 0 7025 1299922 0 128012 10 0 1 0 TEE OFF TEMPS PO BOX 75343 CHICAGO IL 60675 TEMPORARY LABOR 836947 FLORIDA BLUE INSURANCE PO BOX 660299 DALLAS TX 75266 MEDICAL INSURANCE 664818 PNC EQUIPMENT LEASING PO BOX 931034 CLEVELAND OH 44193 EQUIPMENT LEASING 444609 BOUCHARD INSURANCE PO BOX 6090 CLEARWATER FL 33758 GENERAL INSURANCE 293658 US FOODSERVICE INC PO BOX 281841 ATLANTA GA 30384 FOOD VENDOR 258098 19 MEMBERSHIP DUES & ASSESSMENTS 713910 8096842 8096842 CAPITAL CHARGES 713910 1542182 1542182 GOLF, TENNIS & FITNESS FEES 713910 1503408 1270981 232427 CAPITAL CONTRIBUTIONS 713910 1281750 1281750 EVENTS 713910 526464 526464 313565 313565 13264211 43945 -43945 -43945 -43945 2364852 1417546 947306 838199 109107 FUEL TAX CREDIT 713910 3983 3983 3983 14171555 13869983 345517 -43945 575444 5369804 22147 545667 366124 46194 34182 343865 47596 167958 80169 478548 436045 2085415 354972 MAINTENANCE EXPENSE 1116482 OPERATING SUPPLIES 563797 CLUBHOUSE EXPENSE 383165 LEASED EQUIPMENT 345495 561232 13924301 4157240 4340748 3230759 3292995 461129 459750 480033 437183 50976168 22214890 29741232 28761278 60000 60000 38130393 37351954 1230736 1210613 2522078 2597785 9964550 8998309 822833 847380 14540197 13654087 X 23590196 23697867 23590196 23697867 38130393 37351954 X 247254 -139583 X X 0 1 X 1 0 9367112 9367112 18067785 9460209 8607576 6369536 2584416 3785120 17171735 10170265 7001470 28761278 CAPITAL LEASE OBLIGATIONS 847380 847380 X 15585118 0 15585118 -1413563 -1413563 14171555 15341847 1417546 1417546 13924301 0 13924301 PART X, LINE 2: UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE CLUB HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE CLUB. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE -1,417,546. FUEL TAX CREDIT 3,983. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE 1,417,546. 1 X X X X 0 0 0 JEFFREY R HARTIGAN GM/COO 322457 0 44594 0 7048 0 8917 0 18797 0 401813 0 0 0 KAREN KING DIR. OF FINANCE 137465 0 23580 0 0 0 4900 0 7686 0 173631 0 0 0 THOMAS WHITTEN DIR. OF TENNIS 54111 0 10000 0 96452 0 130 0 13712 0 174405 0 0 0 TIMOTHY BECKWITH DIR. OF GOLF 119464 0 22621 0 16771 0 1687 0 21018 0 181561 0 0 0 JAMES PAMPINELLA II EXECUTIVE CHEF 120416 0 22621 0 0 0 1034 0 21157 0 165228 0 0 0 NICHOLAS KEARNS DIR. OF GROUNDS 151404 0 28069 0 0 0 2094 0 19855 0 201422 0 0 0 FORM 990, PART I, LINE 6 VOLUNTEERS VOLUNTEERS ARE MEMBERS WHO VOLUNTEER ON VARIOUS COMMITTEES OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED EFFECTIVE SEPTEMBER 28, 2018 TO ESTABLISH GUIDELINES FOR OWNERSHIP OF CONTIGUOUS LOTS. EXISTING ARTICLE VIII - CLUB MEMBERSHIP, SECTION 2B: ONE (1) MEMBERSHIP WILL BE ISSUED FOR EACH RESIDENTIAL LOT OR RESIDENTIAL DWELLING UNIT OWNED IN THE OAKS RESIDENTIAL AREAS ("PARCEL"). IF A PARCEL IS TITLED JOINTLY IN THE NAMES OF MORE THAN ONE PERSON OR ENTITY, THEN THE MEMBERSHIP SHALL BE OWNED AND TITLED JOINTLY IN THE SAME MANNER THAT THE INTEREST IN THE PARCEL IS OWNED AND TITLED. AMENDED ARTICLE VIII - CLUB MEMBERSHIP, SECTION 2B: EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED IN THESE BYLAWS, ONE (1) MEMBERSHIP WILL BE ISSUED FOR: (1) EACH RESIDENTIAL LOT; OR (2) EACH GROUP OF ONE OR MORE RESIDENTIAL LOTS THAT ARE CONTIGUOUS (I.E., ADJACENT/TOUCHING THE OTHER LOTS) OR RESIDENTIAL DWELLING UNITS INTEGRATED AS ONE, AS OF FEBRUARY 26, 2016, WITH OR WITHOUT ONE SINGLE FAMILY RESIDENCE SITUATED ON ONE OR MORE OF THE CONTIGUOUS LOTS, OWNED BY THE SAME PERSON OR ENTITY (A "CONTIGUOUS ESTATE"); OR (3) EACH RESIDENTIAL DWELLING UNIT OWNED IN THE OAKS RESIDENTIAL AREAS (EACH BEING REFERRED TO HEREIN AS A "PARCEL"). IF A PARCEL IS TITLED JOINTLY IN THE NAMES OF MORE THAN ONE PERSON OR ENTITY, THEN THE MEMBERSHIP SHALL BE OWNED AND TITLED JOINTLY IN THE SAME MANNER THAT THE INTEREST IN THE PARCEL IS OWNED AND TITLED. EXISTING ARTICLE VIII - CLUB MEMBERSHIP, SECTION 8B: IF, AS OF THE GRANDFATHERING DATE, A RESIDENCE IS CONSTRUCTED IN SUCH A MANNER THAT IT IS SITUATED UPON MORE THAN ONE PARCEL, ONLY ONE MEMBERSHIP SHALL BE REQUIRED FOR THE PARCELS ASSOCIATED WITH THAT RESIDENCE. IF IN THE FUTURE A RESIDENCE IS CONSTRUCTED IN SUCH A MANNER THAT IT IS SITUATED UPON MORE THAN ONE PARCEL, A SEPARATE MEMBERSHIP SHALL BE REQUIRED FOR EACH PARCEL. AMENDED ARTICLE VIII - CLUB MEMBERSHIP, SECTION 8B: A CONTIGUOUS ESTATE TRANSFERRED INTACT (WITHOUT ANY CHANGE IN SIZE OR STRUCTURE) WILL CONTINUE AS A SINGLE PARCEL. IF ANY LOT OR PART OF A CONTIGUOUS ESTATE IS TRANSFERRED TO A SEPARATE PARTY, OR IF MORE THAN ONE SINGLE FAMILY RESIDENCE IS CONSTRUCTED ON A PART OR LOT OF A CONTIGUOUS ESTATE, EACH SUCH SEPARATED LOT, PART OR RESIDENCE SHALL BECOME A DISTINCT PARCEL AND REQUIRE A NEW AND SEPARATE MEMBERSHIP. EXISTING ARTICLE VIII - CLUB MEMBERSHIP, SECTION 8C: IF, AS OF THE GRANDFATHERING DATE, A MEMBER OWNS ONE OR MORE VACANT LOTS WHICH ARE ADJACENT TO A PARCEL UPON WHICH THE MEMBER HAS CONSTRUCTED A RESIDENCE, THE MEMBER MAY MAINTAIN A SINGLE MEMBERSHIP PURSUANT TO SUBSECTION A. ABOVE; HOWEVER, UPON A SALE OR OTHER TRANSFER OF TITLE, A SEPARATE MEMBERSHIP SHALL BE REQUIRED FOR EACH OF THE IMPROVED AND UNIMPROVED PARCELS. AMENDED ARTICLE VIII - CLUB MEMBERSHIP, SECTION 8C: IF TWO OR MORE CONTIGUOUS LOTS OR RESIDENTIAL DWELLING UNITS COME OR ARE PROPOSED TO COME UNDER COMMON LEGAL OWNERSHIP AFTER FEBRUARY 26, 2016, THEN THE BOARD OF GOVERNORS IN ITS SOLE AND UNFETTERED DISCRETION BY A MAJORITY VOTE MAY GRANT STATUS AS A CONTIGUOUS ESTATE UPON WRITTEN APPLICATION OF THE NEW OR PROPOSED COMMON OWNER. FORM 990, PART VI, SECTION A, LINE 6 PURCHASERS OF REAL ESTATE LOTS IN THE DEVELOPMENTS KNOWN AS OAKS I, OAKS II, AND OAKS III MUST PURCHASE EITHER A SOCIAL OR EQUITY MEMBERSHIP, THE COST OF WHICH IS PRESENTLY DETERMINED BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION ADHERES TO ITS BY-LAWS, WHICH REQUIRE THE EQUITY MEMBERS TO VOTE ON THE SELECTION OF ITS BOARD MEMBERS. ONLY EQUITY MEMBERS ARE ENTITLED TO VOTE. THE ORGANIZATION FOLLOWS ITS BY-LAWS TO ENSURE A QUORUM OF EQUITY MEMBERS HAVE VOTED. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION ADHERES TO ITS BY-LAWS, WHICH REQUIRE CERTAIN ACTIONS TO BE APPROVED BY ITS EQUITY MEMBERS. ONLY EQUITY MEMBERS ARE ENTITLED TO VOTE. THE ORGANIZATION FOLLOWS ITS BY-LAWS TO ENSURE A QUORUM OF EQUITY MEMBERS HAVE VOTED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE TAX RETURN, IT WILL BE REVIEWED BY THE DIRECTOR OF FINANCE TO VERIFY ACCURACY. A SECOND REVIEW WILL THEN BE DONE BY THE BOARD TREASURER. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF GOVERNORS MEMBERS, THE GENERAL MANAGER, ALL DEPARTMENT DIRECTORS, AND ALL PURCHASERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. THE ACCOUNTING OFFICE NOTIFIES MANAGEMENT IF THERE APPEARS TO BE A CONFLICT. MANAGEMENT AND THE BOARD REVIEW BEFORE ENTERING INTO AGREEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF GOVERNORS SETS THE COMPENSATION FOR COO/GM USING A COMPENSATION MARKET SURVEY AND STUDY ALONG WITH THE RESPECTIVE WRITTEN EMPLOYMENT CONTRACTS. THE COMPENSATION DETERMINED BY THE COMMITTEE IS THEN APPROVED BY THE ENTIRE BOARD. THE GM/COO, IN CONSULTATION WITH THE EVALUATION AND COMPENSATION COMMITTEE, DETERMINES COMPENSATION FOR SENIOR MANAGEMENT INCLUDING THE DIRECTOR OF FINANCE, DIRECTOR OF GOLF, DIRECTOR OF TENNIS, DIRECTOR OF GREEN & GROUNDS, DIRECTOR OF CLUB OPERATIONS, DIRECTOR OF MEMBERSHIP, DIRECTOR OF HUMAN RESOURCES, DIRECTOR OF FITNESS AND EXECUTIVE CHEF. THE GM/COO DETERMINES COMPENSATION FOR ANY OTHER KEY EMPLOYEES BASED ON MARKET FACTORS AND COMPENSATION STUDIES. DUE TO THE NOT-FOR-PROFIT NATURE OF THE CLUB AND THE PURPOSE OF THE ORGANIZATION AND OPERATION, NON-EMPLOYEE OFFICERS SHALL SERVE WITHOUT COMPENSATION OR SALARY FROM THE CLUB, BUT WILL BE ENTITLED TO REIMBURSEMENT FOR ALL EXPENSES REASONABLY INCURRED IN PERFORMING ANY DUTIES PURSUANT TO THE BYLAWS. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED DISCLOSURES ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY CERTIFICATES -135,600. FUEL TAX CREDIT -3,983. FORM 990, PART XII, LINE 2C AUDIT REVIEW PROCESS THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. TOC HOLDINGS LLC 301 MACEWEN DR OSPREY FL 34229 450602950 COLLECTION FL N/A