2018-02-13T13:20:45-06:00 2017-03-31 420714325 RSM US LLP 5551 RIDGEWOOD DRIVE SUITE 401 NAPLES FL 34108 990 2016-04-01 650569727 PELICAN'S NEST GOLF CLUB INC PELI 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 MICHAEL MARTINO TREASURER 2399472282 2018-02-13 1 FRANK LUCAS P00995244 2395960105 108.171.131.189 2018-02-13 14:17:29 ES P 43125AECB17A7A37DAA4A03BB0C68462DF528842 189F49B6BC05A45354CD73CB84CA14DD1623F770 2016 2021-01-29 14:40:06Z TERRY EBERLE 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 9047468 0 X WWW.NESTGOLF.COM X 1995 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 166 9 484392 0 0 0 6747170 6745474 -20068 -310073 1169685 1423785 7896787 7859186 0 0 0 0 4080136 4338253 0 0 0 4865413 4947528 8945549 9285781 -1048762 -1426595 24364025 26533591 6536314 7627494 17827711 18906097 PELICAN'S NEST 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 TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 03/31/17 WAS APPROXIMATELY 51,885 OF WHICH APPROXIMATELY 2,979 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,555,391 OF WHICH $258,230 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 37 0 1 166 1 1 1 0 0 0 1 1 179840 642750 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 0 0 0 X TIM MAURAIS CONTROLLER 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 NICK SPAIN PRESIDENT 1.00 X X 0 0 0 ED MILLIKEN VICE PRESIDENT 1.00 X X 0 0 0 TOM SULLIVAN TREASURER 1.00 X X 0 0 0 TERRY EBERLE SECRETARY 1.00 X X 0 0 0 CAROLE BLAZEK DIRECTOR 1.00 X 0 0 0 KATHY DRAKE DIRECTOR 1.00 X 0 0 0 MARK PEARLSTONE DIRECTOR 1.00 X 0 0 0 BOB TAYLOR DIRECTOR 1.00 X 0 0 0 AUGIE TURTURRO DIRECTOR 1.00 X 0 0 0 DAVID GILLESPIE GENERAL MANAGER 40.00 X 216002 0 12608 TIM MAURAIS CONTROLLER 40.00 X 143155 0 16154 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUNDS 40.00 X 148905 0 7948 CHRISTIAN SHEEHAN DIRECTOR OF GOLF 40.00 X 134244 0 16319 CAMERON HORD EXECUTIVE CHEF 40.00 X 118388 0 9356 760694 0 62385 5 0 1 0 RYVOR GOLF LLC PO BOX 98 BUFFALO OH 43722 GOLF GROUNDS CONTRACT LABOR 181653 1 MEMBERSHIP DUES & ASSESSMENTS 713910 5135717 5135717 GREEN & GOLF CART FEES 713910 1383058 1282701 100357 OTHER GOLF REVENUE 713910 226699 226699 6745474 3202 3202 313275 -313275 -313275 -313275 1839063 875007 964056 802120 161936 DESIGNATED USER FEES 713910 218897 218897 INTEREST RATE SWAP AGREEMENT 713910 196516 196516 MEMBER FINANCE CHARGES 713910 20151 20151 24165 24165 459729 7859186 7688069 484392 -313275 3546501 791752 273194 948877 224658 GOLF COURSE MAINTENANCE 1688661 CLUBHOUSE 568400 GENERAL & ADMINISTRATIV 413247 FOOD AND BEVERAGE 258038 572453 9285781 2649057 3461483 1069087 827867 246588 229111 317058 172541 36192459 14361552 20068728 21830907 13507 11682 24364025 26533591 747615 667594 67744 16696 5720955 6943204 6536314 7627494 X 17827711 18906097 17827711 18906097 24364025 26533591 X -1426595 2504981 X X 0 1 X 1 0 6882185 6882185 13705948 5444671 8261277 3295668 2276407 1019261 12308658 6640474 5668184 21830907 NOTES PAYABLE 6687523 CAPITAL LEASE OBLIGATIONS 125923 INTEREST RATE SWAP AGREEMENT 129758 6943204 8734193 875007 875007 7859186 0 7859186 10160788 875007 875007 9285781 0 9285781 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 875,007. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 875,007. X X 0 0 0 DAVID GILLESPIE GENERAL MANAGER 184763 0 15000 0 16239 0 2865 0 9743 0 228610 0 0 0 TIM MAURAIS CONTROLLER 120327 0 13500 0 9328 0 2239 0 13915 0 159309 0 0 0 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUNDS 126773 0 11000 0 11132 0 2376 0 5572 0 156853 0 0 0 CHRISTIAN SHEEHAN DIRECTOR OF GOLF 116039 0 10000 0 8205 0 2408 0 13911 0 150563 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 FULL GOLF MEMBERS ARE THE ONLY MEMBERSHIP CATEGORY WHICH HAS VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF MEMBERSHIPS VOTE ON OPERATING BUDGET, CAPITAL BUDGET, ELECT BOARD MEMBERS, AND VOTE ON BYLAW CHANGES (2/3RD VOTE). FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND TREASURER RECEIVE A COPY OF THE RETURN BEFORE FILING. THE CONTROLLER AND TREASURER REVIEW TO THE NECESSARY EXTENT. IF ANY QUESTIONS ARISE, THEY ARE DISCUSSED WITH THE TREASURER OR THE OUTSIDE CPA IF NEEDED. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AS A GENERAL POLICY THAT MEMBERS ARE NOT PERMITTED TO CONDUCT BUSINESS WITH THE CLUB. GENERAL MANAGER MONITORS ALL NEW VENDOR ADDITIONS EACH MONTH. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND GENERAL MANAGER REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR ALL DEPARTMENT HEADS BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. ALL COMPENSATION BEYOND NORMAL PERCENTAGE INCREASE MUST BE APPROVED BY BOTH THE PRESIDENT AND GENERAL MANAGER. THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR THE GENERAL MANAGER BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. 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 MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH INSPECTION AT THE CLUB. THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIPS 493,500. CAPITAL IMPROVEMENT ASSESSMENTS 694,897. DEBT REDUCTION ASSESSMENTS 1,316,584. FORM 990: PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.