2018-02-13T14:38:24-05:00 2017-03-31 341897853 CRUM & COMPANY 525 N CLEVELAND MASSILLON RD STE 10 AKRON OH 443333332 990 2016-04-01 340468390 PORTAGE COUNTRY CLUB PORT 3308364994 240 NORTH PORTAGE PATH AKRON OH 44303 GREGORY W RELYEA CONTROLLER 3308364994 2018-02-15 true KEVIN K CRUM P00255436 3308671222 2018-02-06 223CB5FFAF71AA1FAA84BF7F051B24F13364AEE4 7F10500C6AA2DB0BB4B0E4862A6B16FAF8B2CC02 2016 2021-01-29 14:40:06Z DR DAVID R KIMBERLY 240 NORTH PORTAGE PATH AKRON OH 44303 5923053 false X WWW.PORTAGECC.ORG X 1905 OH TO PRESERVE THE HISTORY AND TRADITIONS OF PORTAGE COUNTRY CLUB AS THE PREMIER COUNTRY CLUB IN THE AKRON AREA. THE CLUB WILL WELCOME AND EMBRACE CHANGE TO INSURE ITS FUTURE PROSPERITY. THE CLUB RECOGNIZES THE PARAMOUNT IMPORTANCE OF PROVIDING "EXCELLENCE" IN ALL ACTIVITIES AND AMENITIES FOR ITS MEMBERS, FAMILIES, AND GUESTS. TO ACHIEVE THIS GOAL OF "EXCELLENCE", THE CLUB IS COMMITTED TO HIRING THE FINEST TALENT AND IS DEDICATED TO TEAM "MOTIVATION, EDUCATION, AND ELEVATION". 13 13 239 54 120940 24627 0 3699195 3415360 472 245 296123 189723 3995790 3605328 0 0 1997050 1669579 0 0 2317205 2151502 4314255 3821081 -318465 -215753 12869123 12419184 2358926 2081846 10510197 10337338 X TO PRESERVE THE HISTORY AND TRADITIONS OF PORTAGE COUNTRY CLUB AS THE PREMIER COUNTRY CLUB IN THE AKRON AREA. THE CLUB WILL WELCOME AND EMBRACE CHANGE TO INSURE ITS FUTURE PROSPERITY. THE CLUB RECOGNIZES THE PARAMOUNT IMPORTANCE OF PROVIDING "EXCELLENCE" IN ALL ACTIVITIES AND AMENITIES FOR ITS MEMBERS, FAMILIES, AND GUESTS. TO ACHIEVE THIS GOAL OF "EXCELLENCE", THE CLUB IS COMMITTED TO HIRING THE FINEST TALENT AND IS DEDICATED TO TEAM "MOTIVATION, EDUCATION, AND ELEVATION". false false THE CLUB PROVIDES SOCIAL CLUB ACTIVITIES INCLUDING GOLF, SWIM, TENNIS, PADDLE TENNIS, AND FOOD AND BEVERAGE SERVICE FOR APPROXIMATELY 485 MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 47 0 239 true true true false false false false 595136 575950 false X 13 13 false true false false true true true true true false false true true true true true true true false false X GREGORY W RELYEA 3308364994 240 NORTH PORTAGE PATH AKRON OH 44303 AARON G LEPP VICE-CHAIRMA 2.00 X X 0 0 0 JOHN BADER DIRECTOR 2.00 X 0 0 0 TIMOTHY BERINGER PAST CHAIRMA 2.00 X X 0 0 0 DR DAVID R KIMBERLY CHAIRMAN 2.00 X X 0 0 0 DAVID KOLY TREASURER 2.00 X X 0 0 0 ROBERT CLARK AD HOC JUNIO 2.00 X X 0 0 0 DAVID GEORGE SECRETARY 2.00 X X 0 0 0 RICHARD HARRIS III DIRECTOR 2.00 X 0 0 0 SEAN O'CONNOR DIRECTOR 2.00 X 0 0 0 W DALE KOBLENZER DIRECTOR 2.00 X 0 0 0 DR ANTHONY HAYEK DIRECTOR 2.00 X 0 0 0 BRAD SCHROEDER DIRECTOR 2.00 X 0 0 0 GREGORY W RELYEA CONTROLLER 40.00 X 77879 0 6536 THERESA FLEEMAN ASSISTANT SE 40.00 X 43030 0 0 TOM VOGEL GROUNDS SUPE 40.00 X 108731 0 12571 STEVE PARKER GOLF OPERATI 40.00 X 107190 0 9249 336830 28356 2 false false false MEMBERSHIP DUES & ASSESSMENTS 713910 2867623 2867623 GOLF 713910 396458 396458 LOCKER ROOM 713910 79528 79528 NON MEMBER REVENUE - GOLF 713910 42591 42591 SWIMMING 713910 29049 29049 111 111 3415360 245 245 51727 51727 2451191 2317725 133466 107089 26377 ROYALTY INCOME - CLUB USE 713910 4530 4530 4530 3605328 3479858 120940 4530 129566 1250908 18803 132646 137656 30260 4157 12725 14058 1469 35708 48972 439752 2492 61651 793310 93726 REPAIRS & MAINTENANCE 118990 CHEMICALS 102015 SUPPLIES 84120 GOLF CART LEASES 53375 254722 3821081 0 0 0 117240 71148 68831 201808 611674 564952 121920 137975 104928 72363 24500102 13129164 11844530 11370938 12869123 12419184 460233 418111 313092 381075 1515209 1255862 70392 26798 2358926 2081846 X 23100 22400 10487097 10314938 10510197 10337338 12869123 12419184 -215753 42894 X false true X true false 491836 491836 14457427 6812079 7645348 5823781 3086824 2736957 3727058 3230261 496797 11370938 OBLIGATION UNDER INTEREST RATE SWAP 26798 26798 X 5966647 2361319 2361319 3605328 3605328 6138806 2317725 2317725 3821081 3821081 SCHEDULE D, PAGE 3, PART X THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CLUB TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CLUB. THE CLUB HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE CLUB'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CLUB HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL, STATE AND LOCAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE CLUB, OF WHICH THERE WERE NONE FOR THE YEARS ENDING MARCH 31, 2017 AND 2016, ARE RECORDED IN OPERATING EXPENSES. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 2,317,725 GAIN ON INTEREST SWAP 43,594 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 2,317,725 FORM 990 - ORGANIZATION'S MISSION TO PRESERVE THE HISTORY AND TRADITIONS OF PORTAGE COUNTRY CLUB AS THE PREMIER COUNTRY CLUB IN THE AKRON AREA. THE CLUB WILL WELCOME AND EMBRACE CHANGE TO INSURE ITS FUTURE PROSPERITY. THE CLUB RECOGNIZES THE PARAMOUNT IMPORTANCE OF PROVIDING "EXCELLENCE" IN ALL ACTIVITIES AND AMENITIES FOR ITS MEMBERS, FAMILIES, AND GUESTS. TO ACHIEVE THIS GOAL OF "EXCELLENCE", THE CLUB IS COMMITTED TO HIRING THE FINEST TALENT AND IS DEDICATED TO TEAM "MOTIVATION, EDUCATION, AND ELEVATION". FORM 990, PAGE 6, PART VI, LINE 3 YES FORM 990, PAGE 6, PART VI, LINE 6 RESIDENT MEMBERS, NON-RESIDENT GOLF MEMBERS, AND HONORARY MEMBERS HAVE A SHARE OF COMMON STOCK FORM 990, PAGE 6, PART VI, LINE 7A ALL BOARD MEMBERS AND OFFICERS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B ALL CODE OF REGULATION CHANGES MUST BE APPROVED BY A CERTAIN MAJORITY OF VOTING MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B THE CONTROLLER REVIEWS THE TAX RETURN WHILE COMPARING IT TO THE CLUB'S AUDITED FINANCIAL STATEMENTS. THE CONTROLLER PRESENTS IT TO THE FINANCE COMMITTEE AND THE TREASURER PRESENTS IT TO THE BOARD FOR FORMAL DISCUSSION FORM 990, PAGE 6, PART VI, LINE 12C THE POLICIES ARE PUBILISHED IN THE EMPLOYEE HANDBOOK, UPDATED ON AN ANNUAL BASIS AND THROUGH THIS, MANAGEMENT ENSURES THAT EACH DIRECTOR AND EMPLOYEE ARE AWARE OF THEIR RESPONSIBIITY TO DISCLOSE THIS INFORMATION WHEN EVENTS OCCUR. ANY VIOLATIONS ARE INVESTIGATED FORM 990, PAGE 6, PART VI, LINE 15A THE DIRECTOR OF GOLF, DIRECTOR OF CLUBHOUSE OPERATIONS, AND CONTROLLER, AS A GROUP, COMPRISE THE TOP MANAGEMENT OFFICIAL POSITION. COMPENSATION FOR ALL THREE POSITIONS IS APPROVED BY THE BOARD ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 19 OUTSIDE OF NON-FOR-PROFIT DISCLOSURE WEBSITES SUCH AS GUIDESTAR, FINANCIAL INFORMATION, GOVERNING DOCUMENTS, AND A CONFLICT OF INTEREST POLICY IS ONLY MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND SUCH REQUESTS ARE CONSIDERED ON A CASE BY CASE BASIS FORM 990, PART XI, LINE 9 GAIN ON INTEREST SWAP 43,594 NET REDEMPTION OF STOCK -700 TOTAL 42,894