2017-02-14T09:04:14-06:00 2016-03-31 420714325 RSM US LLP 5551 RIDGEWOOD DRIVE SUITE 401 NAPLES FL 34108 990 2015-04-01 650569727 PELICAN'S NEST GOLF CLUB INC PELI 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 THOMAS SULLIVAN TREASURER 2399472282 2017-02-14 1 FRANK LUCAS P00995244 2395960105 2015 2021-01-29 14:40:06Z NICK SPAIN 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 8846245 0 X WWW.NESTGOLF.COM X 1995 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 177 9 401842 0 0 0 6924565 6747170 -166423 -20068 1296205 1169685 8054347 7896787 0 0 0 0 3968555 4080136 0 0 0 4818529 4865413 8787084 8945549 -732737 -1048762 22430412 24364025 5746698 6536314 16683714 17827711 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 03/31/16 WAS APPROXIMATELY 51,522 OF WHICH APPROXIMATELY 2,759 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,585,187 OF WHICH $157,290 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 32 0 1 177 1 1 1 0 0 0 1 1 386200 518083 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 TIM MAURAIS CONTROLLER 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 THOMAS SULLIVAN TREASURER 1.00 X X 0 0 0 KATHY DRAKE DIRECTOR 1.00 X 0 0 0 ROBERT C KOLK VICE PRESIDENT 1.00 X X 0 0 0 MIKE FOGEL SECRETARY 1.00 X X 0 0 0 CAROLE BLAZEK DIRECTOR 1.00 X 0 0 0 EDWARD MILLIKEN DIRECTOR 1.00 X 0 0 0 ROBERT TAYLOR DIRECTOR 1.00 X 0 0 0 AUGUST TURTURRO DIRECTOR 1.00 X 0 0 0 NICK SPAIN PRESIDENT 1.00 X X 0 0 0 DAVID GILLESPIE GENERAL MANAGER 40.00 X 214123 0 13444 TIM MAURAIS CONTROLLER 40.00 X 141406 0 19021 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUN 40.00 X 150816 0 9852 CHRISTIAN SHEEHAN DIRECTOR OF GOLF 40.00 X 131332 0 18094 CAMERON HORD EXECUTIVE CHEF 40.00 X 118016 0 8867 AJ SZYMANSKI DIRECTOR OF SALES 40.00 X 130930 0 6364 886623 0 75642 6 0 1 0 0 MEMBERSHIP DUES & ASSESSMENTS 713910 5126436 5126436 GREEN & GOLF CART FEES 713910 1392160 1272461 119699 OTHER GOLF REVENUE 713910 228574 228574 6747170 1100 1100 21168 -21168 -21168 -21168 1857059 928290 928769 834190 94579 DESIGNATED USER FEES 713910 186464 186464 OTHER MEMBER INCOME 713910 20000 20000 MEMBER FINANCE CHARGES 713910 18813 18813 15639 15639 240916 7896787 7516113 401842 -21168 3275820 804316 233689 881106 212639 GOLF COURSE MAINTENANCE 1784264 CLUBHOUSE 558402 GENERAL & ADMINISTRATIV 340944 PROPERTY TAXES 274350 580019 8945549 3158365 2649057 898536 1069087 292988 246588 369539 317058 34587235 14518507 17396479 20068728 314505 13507 22430412 24364025 763292 747615 89427 67744 4893979 5720955 5746698 6536314 X 16683714 17827711 16683714 17827711 22430412 24364025 X -1048762 2192759 X X 0 1 X 1 0 6882185 6882185 13237334 5064288 8173046 2823114 2158282 664832 11644602 7295937 4348665 20068728 NOTES PAYABLE 5326443 CAPITAL LEASE OBLIGATIONS 68238 INTEREST RATE SWAP AGREEMENT 326274 5720955 8825077 928290 928290 7896787 0 7896787 9873839 928290 928290 8945549 0 8945549 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 928,290. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 928,290. X X X X X 0 0 0 DAVID GILLESPIE GENERAL MANAGER 180145 0 15000 0 18978 0 4168 0 9276 0 227567 0 0 0 TIM MAURAIS CONTROLLER 113026 0 14000 0 14380 0 4673 0 14348 0 160427 0 0 0 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUN 124133 0 10700 0 15983 0 4680 0 5172 0 160668 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 11 ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN BEFORE FILING. EACH BOARD MEMBER REVIEWS 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 TREASURER REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR THE GENERAL MANAGER AND THE CONTROLLER BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. THE GENERAL MANAGER DETERMINE PAY RAISES AND YEAR END BONUSES FOR NON-CONTRACTED EMPLOYEES. 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE VIA CLUB WEBSITE. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIPS 195,000. CAPITAL IMPROVEMENT ASSESSMENTS 693,724. DEBT REDUCTION ASSESSMENTS 1,304,035. FORM 990: PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.