2017-02-13T15:14:24-05:00 2016-03-31 341897853 CRUM & COMPANY 525 N CLEVELAND MASSILLON RD STE 10 AKRON OH 443333332 990 2015-04-01 340468390 PORTAGE COUNTRY CLUB PORT 3308364994 240 NORTH PORTAGE PATH AKRON OH 44303 GREGORY W RELYEA CONTROLLER 3308364994 2017-02-15 true KEVIN K CRUM P00255436 3308671222 2017-02-13 2015 2021-01-29 14:40:06Z DR DAVID R KIMBERLY 240 NORTH PORTAGE PATH AKRON OH 44303 6514954 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". 11 11 244 64 152096 23241 0 3393028 3699195 19064 472 484255 296123 3896347 3995790 0 0 1818484 1997050 0 0 2060227 2317205 3878711 4314255 17636 -318465 13447592 12869123 2624549 2358926 10823043 10510197 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 510 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 true false false false false false false false false false false false false false false true 48 0 244 true true true false false false false 664255 645543 false X 11 11 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 SECRETARY 2.00 X X 0 0 0 JOHN BADER DIRECTOR 2.00 X 0 0 0 BRIAN MOORE DIRECTOR 2.00 X 0 0 0 TIMOTHY BERINGER CHAIRMAN 2.00 X X 0 0 0 DR DAVID R KIMBERLY VICE-CHAIRMA 2.00 X X 0 0 0 DAVID KOLY TREASURER 2.00 X X 0 0 0 KEVIN MALICK AD HOC JUNIO 2.00 X 0 0 0 ROBERT BERK DIRECTOR 2.00 X 0 0 0 DAVID A GEORGE DIRECTOR 2.00 X 0 0 0 SEAN O'CONNOR DIRECTOR 2.00 X 0 0 0 MARK VASELANEY DIRECTOR 2.00 X 0 0 0 ROBERT J LEFEVER PRESIDENT & 40.00 X 175899 0 14963 GREGORY W RELYEA CONTROLLER 40.00 X 86195 0 6132 TOM VOGEL GROUNDS SUPE 40.00 X 116305 0 13444 378399 34539 2 false true false MEMBERSHIP DUES & ASSESSMENTS 713910 3177667 3177667 GOLF 713910 368382 368382 LOCKER ROOM 713910 69803 69803 NON MEMBER REVENUE - GOLF 713910 53178 53178 SWIMMING 713910 29835 29835 330 330 3699195 472 472 54026 54026 2734793 2519164 215629 171209 44420 BWC REFUND 713910 20220 20220 ROYALTY INCOME - CLUB USE 713910 6248 6248 26468 3995790 3817226 152096 26468 259723 1432347 32957 120059 151964 11000 1495 12809 14987 986 49625 38912 445710 9661 81238 794832 81102 REPAIRS & MAINTENANCE 142723 SUPPLIES 116652 CHEMICALS 105472 GENERAL & ADMINISTRATIVE 93679 316322 4314255 0 0 0 109934 117240 372723 68831 1000 544322 611674 93460 121920 59450 104928 24193613 12349083 12266703 11844530 13447592 12869123 354774 460233 361512 313092 1831352 1515209 76911 70392 2624549 2358926 X 24000 23100 10799043 10487097 10823043 10510197 13447592 12869123 -318465 5619 X false true X true false 491836 491836 14261301 6422159 7839142 5807071 2824976 2982095 3633405 3101948 531457 11844530 OBLIGATION UNDER INTEREST RATE SWAP 70392 70392 X 6521473 2525683 2525683 3995790 3995790 6833419 2519164 2519164 4314255 4314255 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 AND STATE 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, 2016 AND 2015, ARE RECORDED IN OPERATING EXPENSES. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 2,519,164 GAIN ON INTEREST SWAP 6,519 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 2,519,164 X false false false ROBERT J LEFEVER PRESIDENT & CEO 175899 6154 8809 190862 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 THE CODE OF REGULATIONS 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 WHICH PRECLUDE THIS DISCLOSURE. ANY VIOLATIONS ARE INVESTIGATED FORM 990, PAGE 6, PART VI, LINE 15A THE CEO/PRESIDENT COMPENSATION 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 6,519 NET REDEMPTION OF STOCK -900 TOTAL 5,619