2018-03-23T12:43:29-05:00 2017-07-31 420714325 RSM US LLP 5551 RIDGEWOOD DRIVE STE 401 NAPLES FL 34108 990 2016-08-01 650473088 BAY COLONY GOLF CLUB INC BAYC 2395929515 9740 BENT GRASS BEND NAPLES FL 34108 HARRY DEBES TREASURER 2395929515 2018-03-23 CHRISTOPHER CECIL P01877773 5616971785 69.174.87.132 2018-03-23 13:43:15 ED P 14ACA9CECA63FA62FF8690E816D45E06A91C4D10 19D2789BCC42DB11053A1878AF6F2584D0BCD1F3 2016 2021-01-29 14:40:06Z PETE NEGRI 9740 BENT GRASS BEND NAPLES FL 34108 7756567 0 X WWW.BAYCOLONYGOLFCLUB.COM X 1996 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 89 0 169479 0 0 0 5387852 5443646 37719 33576 1436736 1391684 6862307 6868906 0 0 0 0 3879835 3961104 0 0 0 4223411 4293041 8103246 8254145 -1240939 -1385239 28904264 28756201 3600317 3580551 25303947 25175650 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 07/31/17 WAS APPROX. 21,128 OF WHICH APPROX 1,559 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,336,416 OF WHICH $106,385 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 89 1 1 1 0 0 0 1 1 190789 208622 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARTHA MAZZITELLI 2395929515 9740 BENT GRASS BEND NAPLES FL 34108 PETER NEGRI PRESIDENT 1.00 X X 0 0 0 BILL MELCHIONNI VICE PRESIDENT/SECRETARY 1.00 X X 0 0 0 HARRY DEBES TREASURER 1.00 X X 0 0 0 MAC MCDONALD DIRECTOR 1.00 X 0 0 0 SUNNY SAPIENTE 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 JACK HOOPES DIRECTOR 1.00 X 0 0 0 CURT EDWARDS DIRECTOR 1.00 X 0 0 0 JEROME THIRION GENERAL MANAGER 40.00 X 295432 0 33792 CASEY COOK CLUBHOUSE MANAGER 40.00 X 114764 0 264 JOSHUA LEVITRE SUPERINTENDENT 40.00 X 176762 0 19802 ANDY ZULLO DIRECTOR OF GOLF 40.00 X 186155 0 34461 WILHELM GAHABKA EXECUTIVE CHEF 40.00 X 167481 0 38017 940594 0 126336 5 0 1 0 0 DUES REVENUE 713910 4633513 4633513 GREENS,CART & TRAIL FEES 713910 810133 707896 102237 5443646 2042 2042 51850 20316 31534 31534 31534 1823373 867345 956028 890828 65200 CAPITAL FUNDING 713910 171689 171689 OTHER INCOME 713910 115876 115876 FOOD & BEVERAGE MINIMUM 713910 101908 101908 46183 46183 435656 6868906 6667893 169479 31534 3245882 715222 1814 1624839 131976 GOLF COURSE MAINTENANCE 1001926 GENERAL & ADMINISTRATIV 402566 FOOD & BEVERAGE 397479 COMMUNITY FEES 385324 347117 8254145 4828469 3401111 167933 233440 188688 202415 149805 162129 36657522 11902766 23567019 24754756 2350 2350 28904264 28756201 1114739 958897 1322091 1489979 25787 17704 1137700 1113971 3600317 3580551 X 25303947 25175650 25303947 25175650 28904264 28756201 X -1385239 1256942 X X 0 1 X 1 0 7405396 7405396 11944730 5139935 6804795 4838659 2082123 2756536 12468737 4680708 7788029 24754756 MEMBERSHIP DEPOSITS 860750 DEFERRED COMPENSATION 253221 1113971 7736251 867345 867345 6868906 0 6868906 9121490 867345 867345 8254145 0 8254145 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 867,345. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 867,345. X 1 1 X X X X 0 0 0 JEROME THIRION GENERAL MANAGER 189951 0 83578 0 21903 0 9802 0 23990 0 329224 0 0 0 JOSHUA LEVITRE SUPERINTENDENT 143575 0 25987 0 7200 0 10000 0 9802 0 196564 0 0 0 ANDY ZULLO DIRECTOR OF GOLF 145656 0 29131 0 11368 0 17578 0 16883 0 220616 0 0 0 WILHELM GAHABKA EXECUTIVE CHEF 137727 0 15976 0 13778 0 21244 0 16773 0 205498 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 THE 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. 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'S COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIP CERTIFICATES 1,845,500. REDEMPTION OF MEMBERSHIP CERTIFICATES -819,480. RENOVATION ASSESSMENTS 77,760. CAPITAL CONTRIBUTION 153,162. FORM 990: PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.