2017-06-15T16:04:47-05:00 2016-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2016-01-01 570868425 DATAW ISLAND CLUB INC DATA 8438388434 PO BOX 819 BEAUFORT SC 29901 LORI MURDAUGH ASST. GM/CONTROLLER 8438388434 2017-06-14 1 FRANK LUCAS P00995244 5616971785 108.171.131.186 2017-06-14 11:35:16 ED P 43125AECB17A7A37DAA4A03BB0C68462DF528842 2CB27A3E97058B94C6235BDEDF8D92B209EA255F 2016 2021-01-29 14:40:06Z MARCIA GESSER PO BOX 819 BEAUFORT SC 29901 8431707 0 X WWW.DATAW.ORG X 1987 SC TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 176 71 471736 13822 0 0 6326141 6550902 -112888 30428 1062021 1140384 7275274 7721714 0 0 0 0 3424764 3372995 0 0 0 3841632 4333114 7266396 7706109 8878 15605 23439605 23849726 3906520 3580536 19533085 20269190 DATAW ISLAND CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE INTERACTION OF MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB'S REVENUE FROM FOOD & BEVERAGE SALES TOTALED $1,601,721 FOR THE YEAR ENDED 12/31/16, OF WHICH $131,712 WAS NON-MEMBER RELATED. APPROXIMATELY 47,875 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 12/31/16, OF WHICH APPROXIMATELY 2,119 ROUNDS WERE 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 83 0 1 176 1 1 1 0 0 0 1 1 999912 486906 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 SC X MS LORI MURDAUGH 8438388434 PO BOX 819 BEAUFORT SC 29901 JOHN SCHAFER PRESIDENT 20.00 X X 0 0 0 MARCIA GESSER VICE PRESIDENT 12.00 X X 0 0 0 MIKE SULLIVAN TREASURER 20.00 X X 0 0 0 KEN O'BRIEN SECRETARY 11.00 X X 0 0 0 BILL PADDOCK PRESIDENT: JAN - FEB 2016 20.00 X X 0 0 0 DAVID MUEHL DIRECTOR 7.00 X 0 0 0 MARJORIE SHYMSKE DIRECTOR 8.00 X 0 0 0 KEITH ASPRAY DIRECTOR 7.00 X 0 0 0 AL SEARS DIRECTOR 6.00 X 0 0 0 BOB SHIELDS DIRECTOR 7.00 X 0 0 0 DAVID DOLAN DIRECTOR 5.00 X 0 0 0 EDWARD BARTLETT GENERAL MANAGER/ COO 55.00 X 237069 0 12073 LORI MURDAUGH ASST. GM/CONTROLLER 50.00 X 117477 0 9511 BRIAN HOLLINGSWORTH DIRECTOR OF GOLF MAINTENANCE 50.00 X 126011 0 9566 480557 0 31150 3 0 1 0 CAROLINA SPORTSCARE 43 MARINA DRIVE DATAW ISLAND SC 29920 COMMUNITY CENTER OPERATIONS MANAGEMENT 233817 CLELAND SITE PREP 426 RED OAKS LN RIDGELAND SC 29936 HURRICANE RECOVERY DEBRIS REMOVAL 228052 2 MEMBERSHIP DUES AND ASSESSMENTS 713910 5455046 5455046 GOLF 713910 786717 689523 97194 GREENSPACE FEES 713910 258000 258000 TENNIS, SWIMMING, CROQUET 713910 51139 51139 6550902 27043 27043 39525 39525 0 15330 11945 3385 3385 3385 1601721 658523 943198 853699 89499 HURRICANE MATTHEW INSURANCE PROCE 713910 150000 150000 MISCELLANEOUS 713910 47186 47186 197186 7721714 7096593 471736 153385 2566667 806328 85599 121057 891415 199664 GOLF COURSE MAINTENANCE 1010806 HURRICANE MATTHEW EXPEN 506724 TENNIS, SWIMMING, & FIT 477153 FACILITIES & POOL MAINT 382267 658429 7706109 1619968 1122130 2963452 2786557 415549 563011 62838 64132 138458 149011 28600743 10157847 17890512 18442896 321612 701739 27216 20250 23439605 23849726 690893 803248 30371 27032 3185256 2750256 3906520 3580536 X 19533085 20269190 19533085 20269190 23439605 23849726 X 15605 720500 X X 0 1 X 1 0 1586920 1586920 22633059 9104611 13528448 2618228 1053236 1564992 1762536 1762536 18442896 LONG-TERM DEBT 2750256 2750256 8419762 0 8419762 -698048 -698048 7721714 8404157 698048 698048 7706109 0 7706109 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES RECLASS -658,523. RENTAL EXPENSE -39,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 658,523. RENTAL EXPENSE 39,525. X X X 0 0 0 EDWARD BARTLETT GENERAL MANAGER/ COO 193435 0 29600 0 14034 0 6025 0 6048 0 249142 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 DATAW ISLAND CLUB, INC. 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 ONLY FULL MEMBERSHIPS HAVE VOTING PRIVILEGES (1 VOTE PER FAMILY). FORM 990, PART VI, SECTION A, LINE 7B THE BOARD IS SUBJECT TO MEMBERSHIP APPROVAL FOR THE FOLLOWING: (1) ANY AMENDMENT, ALTERATION, MODIFICATION, REPEAL OR RESTATEMENT OF THE BYLAWS (2) MORTGAGING OF ANY OF THE FACILITIES, (3) THE COMMITMENT TO ANY CAPITAL IMPROVEMENT PROJECT BUDGETED IN EXCESS OF $250,000, (4) THE INCURRING OF ANY UNSECURED BORROWINGS IN EXCESS OF $150,000, (5) THE MERGER WITH, OR ACQUISITION OF, ANY CORPORATION OR ENTITY, AND (6) THE DISSOLUTION OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD REVIEW FORM 990 AND THE RELATED SCHEDULES WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE CONFLICT OF INTEREST STATEMENTS AND DISCLOSURE FORMS ARE REQUIRED TO BE SIGNED BY ALL MEMBERS OF THE BOARD. ALL MANAGEMENT STAFF ARE REQUIRED TO SIGN CONFLICT OF INTEREST POLICY ANNUALLY. A WHISTLEBLOWER POLICY WAS IMPLEMENTED TO HELP ENFORCE CONFLICT OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION STUDIES, INDUSTRY STUDIES & EMPLOYMENT CONTRACT AGREEMENTS ARE USED IN DETERMINATION AND DOCUMENTATION OF COMPENSATION. THE BOARD REVIEWS THE PERFORMANCE OF THE GENERAL MANAGER AND DETERMINES COMPENSATION BASED ON BUDGET PARAMETERS, PERFORMANCE AND COMPARISON OF GENERAL MANAGERS LOCALLY AND REGIONALLY. THE GENERAL MANAGER REVIEWS PERFORMANCE OF ALL SENIOR STAFF AND GIVES INCREASED COMPENSATION BASED ON THE PREVIOUSLY STATED PROCEDURE. THE GENERAL MANAGER APPROVES ALL SALARIED AND HOURLY INCREASES. 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 CLUB PROVIDES COPIES OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS UPON REQUEST, ON THE CLUB WEBSITE, AND THROUGH INSPECTION AT THE CLUB. THE CLUB MAKES THE CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERSHIP PROCEEDS 841,500. MEMBERSHIP REDEMPTION -121,000. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.