2018-12-14T08:53:00-06:00 2018-07-31 592840381 Phillips Harvey Group 801 Laurel Oak Drive Suite 303 Naples FL 341082764 990 2017-08-01 590876282 The Port Royal Club Inc PORT 2392617615 2900 Gordon Drive Naples FL 34102 Karen Naccarato Chief Financial Officer 2392617615 2018-12-14 1 Nathan A Phillips CPA P00189856 2395661600 74.118.234.193 2018-12-14 09:52:43 ES P ED74AF462ADB7CD3CF3914AF09582B765D8A33BC 7C2523F000228000571767C39583CDDFDC461DD0 2017 2019-02-21 02:37:17Z Karen Naccarato 2900 Gordon Drive Naples FL 34102 15763543 0 X www.portroyalclub.org X 1959 FL 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. 12 12 178 0 1062974 562285 0 0 6005482 6114403 587273 -512737 5737794 7260673 12330549 12862339 0 0 0 0 6940909 6871845 0 0 0 4554271 4643950 11495180 11515795 835369 1346544 37214187 39136750 7248463 7796548 29965724 31340202 X 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: $100,000 plus FL state sales tax (Due upon application for membership)Annual Dues: $9,100 plus FL state sales tax (Pro-rated from date membership application is received for fiscal year ending July 31) 0 0 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. 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 1 1 0 0 0 0 0 0 0 0 1 92 0 1 178 1 1 1 0 0 0 1 0 3493750 269516 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X Karen Naccarato 2392617615 2900 Gordon Drive Naples FL 34102 X Webb Hayes IV President 10.00 X X 0 0 0 G Nicholas Beckwith III 1st Vice President 10.00 X X 0 0 0 Stuart Materne 2nd Vice President / Treas 10.00 X X 0 0 0 Chad Ott Secretary 10.00 X X 0 0 0 Richard Eide Treasurer 10.00 X 0 0 0 Karen Scott Director 10.00 X 0 0 0 George Schreiber Director 10.00 X 0 0 0 Robert Coletti Director 10.00 X 0 0 0 Shellie Baur Director 10.00 X 0 0 0 Bernard Poussot Director 10.00 X 0 0 0 Joanne Brown Director 10.00 X 0 0 0 Michael Armstrong Director 10.00 X 0 0 0 Tom Birmingham Chief Operating Officer 40.00 X 279260 0 42973 James Millet Assistant General Manager 40.00 X 119715 0 5198 Thomas McGraw Director of Tennis 40.00 X 136909 0 5870 Charles Hartung Executive Chef 40.00 X 148280 0 0 Karen Naccarato Chief Financial Officer 40.00 X 135711 0 11745 Kathleen Hoeft Director of Fitness 40.00 X 118358 0 0 938233 0 65786 6 0 1 0 Lockton Companies 3601 SW 160th Ave Ste 200 Miramar FL 33027 Insurance 442104 Resort Talent PO Box 112071 Naples FL 34108 Talent Agency 128337 Latinamerican 1409 Milkwort Lane Naples FL 34105 Night Cleaners 101760 3 Membership Dues and Fees 900099 6112253 5987881 124372 Guest Fees 900099 2150 2150 6114403 633183 633183 6500 11695 -5195 -5195 -5195 1145920 -1145920 -1145920 -1145920 4263160 1743589 2519571 2371920 147651 Initiation fees 900099 3493750 3475000 18750 Fitness Sports Income and Other 900099 1078130 1056417 21713 Non-Resident Wait List Fees 900099 174417 54067 120350 4746297 12862339 11799365 1062974 0 299260 5266925 185687 638199 481774 38767 44475 82129 1150920 545722 Unrelated business inco 176960 Clubhouse 631332 Grounds 602258 Food/beverage 395992 975395 11515795 7986510 9130885 151508 167708 118623 122513 580861 651853 29368999 15053626 13598514 14315373 14705273 14681952 72898 66466 37214187 39136750 999642 1662872 5406018 5305057 842803 828619 7248463 7796548 X 29965724 31340202 29965724 31340202 37214187 39136750 1346544 27934 0 X 0 1 X 1 0 817688 817688 20106190 10674576 9431614 5887434 4379050 1508384 2557687 2557687 14315373 Refundable capital assessments 810000 Capital lease obligation 18619 828619 X 15784977 27934 2901204 2929138 12855839 6500 6500 12862339 14410499 2901204 2901204 11509295 6500 6500 11515795 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 1,743,589. Room rental - allocated expenses 11,695. Loss on Disposal of Assets 1,145,920. Part XI, Line 4b - Other Adjustments: Room rental - private event 6,500. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 1,743,589. Loss on Sale of Asset 1,145,920. Room rental - allocated expenses 11,695. Part XII, Line 4b - Other Adjustments: Room rental - private event 6,500. X X X X 0 0 0 Tom Birmingham Chief Operating Officer 249260 0 30000 0 0 0 20000 0 22973 0 322233 0 0 0 Lockton Companies LLC Club Member 442104 Lockton Companies, LLC provides property / casualty insurance to the Club. 0 Forte Designs Club Member 87784 Design services 0 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 (Ethics, Trust and Integrity, Accountability and Responsibility, Job Knowledge, Job Performance and Quality of Work, Teamwork, Communication, Member Relations, Cost Control, and Diversity). For each Evaluation topic, the General Manager reviews the Chief Financial Officer using "Outstanding, Exceeds Expectations, Meets Expectations, Needs Improvement, Unsatisfactory, Not Applicable" 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 Job Specific Performance, Performance Goals for Coming Calendar Year, 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.