2018-07-31T09:13:46-05:00 2017-12-31 540737372 PBMARES LLP 12150 MONUMENT DRIVE SUITE 350 FAIRFAX VA 22033 990 2017-01-01 560507966 CARMEL COUNTRY CLUB INC CARM 7049459630 4735 CARMEL ROAD CHARLOTTE NC 28226 RICHARD LANCASTER CONTROLLER 7049453323 2018-07-09 1 KEVIN F REILLY P00543034 7033858577 2018-07-09 X 2017 2022-09-23 18:48:47Z RICHARD LANCASTER 4735 CARMEL ROAD CHARLOTTE NC 28226 24541670 0 X CARMELCOUNTRYCLUB.ORG X 1947 NC TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 13 13 454 13 1856546 56672 0 0 15680216 16705417 -348437 27573 4452424 4519125 19784203 21252115 0 0 0 0 9379693 9901762 0 0 0 8263405 9478628 17643098 19380390 2141105 1871725 44681406 43059042 12681411 9246313 31999995 33812729 TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS. 0 0 THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS,GOLF COURSES,SWIMMING POOLS AND DINING ROOMS TO 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 0 0 0 0 1 144 0 454 1 1 1 0 0 0 1 1 4432833 1428940 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X RICHARD LANCASTER 7049453323 4735 CARMEL ROAD CHARLOTTE NC 28226 X TY MCBRIDE PRESIDENT 10.00 X X 0 0 0 DAVID MAUNEY VICE PRESIDENT 5.00 X X 0 0 0 JOHN BUBEN VICE PRESIDENT 5.00 X X 0 0 0 MICHEAL BELSANTE TREASURER 10.00 X X 0 0 0 DOUG EDWARDS SECRETARY 5.00 X 0 0 0 BILL GIRONE DIRECTOR 1.00 X 0 0 0 BRYAN MIDURA DIRECTOR 1.00 X 0 0 0 STEVE COSS DIRECTOR 1.00 X 0 0 0 CHRIS EDWARDS DIRECTOR 1.00 X 0 0 0 GEORGE MALOOMIAN DIRECTOR 1.00 X 0 0 0 MIKE BISHOP DIRECTOR 1.00 X 0 0 0 JEFF HARRIS DIRECTOR 1.00 X 0 0 0 MATT WILLIAMS DIRECTOR 1.00 X 0 0 0 JOHN SCHULTZ GENERAL MANAGER 50.00 X 423112 0 31339 JEFF NICHOLS DIRECTOR OF GOLF 50.00 X 258205 0 24149 DONALD GOODRICH COURSE SUPERINTENDANT 50.00 X 226608 0 29511 RICHARD LANCASTER CONTROLLER 50.00 X 156492 0 27964 ROLF ECKERT CLUBHOUSE MANAGER 50.00 X 154145 0 4181 RYAN CAVANAUGH EXECUTIVE CHEF 50.00 X 126750 0 23139 KATIE CARPENTER DIRECTOR OF TENNIS 50.00 X 130305 0 8426 PHILIP DODDS MEMBERSHIP DIRECTOR 50.00 X 160065 0 6584 1635682 0 155293 8 0 1 0 US FOOD SERVICE 7801 STATESVILLE ROAD CHARLOTTE NC 28269 FOOD & BEVERAGE SUPPLIES 615434 BUCKHEAD BEEF 4500 WICKERSHAM DRIVE COLLEGE PARK GA 30337 FOOD & BEVERAGE SUPPLIES 459359 ACUSHNET COMPANY DBA TITLEIST & FOOTJOY PO BOX 88112 CHICAGO IL 60695 GOLF MERCHANDISE SUPPLIER 404641 SYSCO CHARLOTTE LLC 4500 CORPORATE DRIVE NW CONCORD NC 28027 FOOD & BEVERAGE SUPPLIES 327051 DUKE ENERGY PO BOX 70516 CHARLOTTE NC 28272 ELECTRIC/ENERGY SERVICES 302549 13 MEMBER DUES & ASSESSMENTS 713910 13393281 13393281 GOLF 713910 2285535 1566174 719361 TENNIS 713910 418691 398724 19967 LOCKERS 713910 246412 246412 POOL HEALTH & FITNESS 713910 187199 187199 174299 174299 16705417 59862 59862 1152 0 33441 1152 -33441 -32289 -33441 1152 7775239 3256114 4519125 3462921 1056204 21252115 19395569 1856546 0 992923 7131844 176852 995454 604689 577123 81904 560777 916857 96332 218210 3235384 142008 INCOME TAX 201 GOLF EXPENSE 1238464 MISCELLANEOUS 632314 REPAIR AND MAINTENANCE 572816 1206238 19380390 -73941 84220 910504 1587020 1957199 1949670 5372074 5424713 554919 611421 72795 71097 57568454 24732081 35506228 32836373 381628 494528 44681406 43059042 1091349 1034113 1133183 1247422 10000001 6400000 456878 564778 12681411 9246313 X 31999995 33812729 31999995 33812729 44681406 43059042 X 1871725 -58991 X X 0 1 X 1 0 1535745 1535745 21072480 10144172 10928308 1999976 1346988 652988 32960253 13240921 19719332 32836373 DEF INC- 457(B) 494528 CAPITAL NOTES - CURRENT 3250 CAPITAL NOTES PAYABLE 67000 564778 X 24484579 3259607 3259607 21224972 27143 27143 21252115 22671845 3293048 3293048 19378797 1593 1593 19380390 PART X, LINE 2: THE CLUB IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS NOT SUBJECT TO INCOME TAX, EXCEPT ON UNRELATED BUSINESS TAXABLE INCOME, WHICH PRIMARILY CONSISTS OF GUEST USAGE FEES AND INTEREST INCOME. FASB ACCOUNTING STANDARDS CODIFICATION (ASC)740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CLUB'S MANAGEMENT HAS EVALUATED THE IMPACT OF THE GUIDANCE TO ITS FINANCIAL STATEMENTS. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN OTHER INTEREST EXPENSE AND PENALTIES EXPENSE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,256,114. FITNESS COST OF GOODS SOLD 3,493. PART XI, LINE 4B - OTHER ADJUSTMENTS: 457B PLAN EARNINGS 60,584. LOSS ON DISPOSAL OF ASSETS -33,441. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,256,114. LOSS ON DISPOSAL OF ASSETS 33,441. FITNESS COST OF GOODS SOLD 3,493. PART XII, LINE 4B - OTHER ADJUSTMENTS: FEES 457B PLAN EXPENSES 1,593. X 1 1 X X X X X 0 1 0 JOHN SCHULTZ GENERAL MANAGER 310024 0 90000 0 23088 0 9450 0 21889 0 454451 0 0 0 JEFF NICHOLS DIRECTOR OF GOLF 140880 0 25000 0 92325 0 9077 0 15072 0 282354 0 0 0 DONALD GOODRICH COURSE SUPERINTENDANT 214105 0 10000 0 2503 0 8253 0 21258 0 256119 0 0 0 RICHARD LANCASTER CONTROLLER 141281 0 14700 0 511 0 5687 0 22277 0 184456 0 0 0 ROLF ECKERT CLUBHOUSE MANAGER 137987 0 16000 0 158 0 2226 0 1955 0 158326 0 0 0 PHILIP DODDS MEMBERSHIP DIRECTOR 63981 0 5800 0 90284 0 4973 0 1611 0 166649 0 0 0 PART I, LINE 1A CERTAIN MANAGEMENT EMPLOYEES ARE PROVIDED DISCRETIONARY SPENDING ACCOUNTS. THESE ARE APPROVED BY THE BOARD AND ARE INCLUDED IN THE COMPENSATION OF THE RESPECTIVE EMPLOYEE. PART I, LINE 3 NON-QUALIFIED PLANS - JOHN SCHULTZ AND DONALD GOODRICH FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE CLUB MEMBERS ELECT THE DIRECTORS FORM 990, PART VI, SECTION A, LINE 7B NO ASSESSMENT SHALL BE LEVIED UPON ANY MEMBERS EXCEPT BY AN APPROVAL OF THE MEMBERS ON WHOM THE ASSESSMENT IS TO BE LEVIED. A QUORUM FOR THE CONSIDERATION OF ANY PROPOSED ASSESSMENT SHALL CONSIST OF AT LEAST FIFTY PERCENT OF THE ASSESSED MEMBERS BEING PRESENT EITHER IN PERSON OR BY WRITTEN PROXY. THE ASSESSMENT MAY BE LEVIED ONLY AFTER APPROVAL BY TWO-THIRDS OF THE ASSESSED MEMBERS PRESENT, EITHER IN PERSON OR BY PROXY. ANY SUCH ASSESSMENT SHALL APPLY ONLY TO THE ASSESSED MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 TAX RETURN IS REVIEWED BY THE PRESIDENT, TREASURER, GENERAL MANAGER AND THE CONTROLLER. A COPY IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO DIRECTORS, FINANCE COMMITTEE MEMBERS, THE GENERAL MANAGER, DEPARTMENT HEADS AND ALL OTHER PERSONNEL THAT MAKE DECISIONS THAT EFFECT THE FINANCIAL POSITION OF THE CLUB. THE POLICY ADDRESSES DUTIES OF THE RESPECTIVE PERSONS AND PROCEDURES FOR DETERMINING A CONFLICT OF INTEREST AND RESOLUTION OF POSSIBLE CONFLICTS TO PROTECT THE INTEREST OF THE CLUB. THIS POLICY ENFORCEMENT IS ONGOING. THE POLICY ALSO ADDRESSES RECEIPT OF GIFTS. ALL KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ACKNOWLEDGEMENT OF GIFT FORM. THESE FORMS ARE REVIEWED BY THE CONTROLLER, GENERAL MANAGER AND FINANCE CHAIR. THE FINANCE CHAIR REPORTS TO THE FINANCE COMMITTEE AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS THE COMPENSATION OF THE GENERAL MANAGER AND APPROVES ACCORDINGLY FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC, ONLY TO THE MEMBERS UPON REQUEST FORM 990, PART XI, LINE 9: 457B PLAN INCOME,NET ON TAX RETURN NOT FINANCIAL STATEMENTS -58,991. FORM 990 PART XII LINE 2C THE CLUB HAS AN AUDIT COMMITTEE THAT SELECTS THE AUDIT FIRM AND OVERSEES THE ANNUAL AUDIT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS