2016-09-14T14:52:13-05:00 2015-10-31 050568611 SALMON SIMS THOMAS & ASSOCIATES PLLC 12720 HILLCREST ROAD SUITE 500 DALLAS TX 752302039 990 2014-11-01 750223180 DALLAS ATHLETIC CLUB DALL 9722793671 4111 LA PRADA DRIVE DALLAS TX 75228 STANFORD M KAUFMAN TREASURER 9722793671 2016-09-14 1 WILLIAM H SIMS P00004539 9723921143 2016-09-14 2014 2017-02-10 21:41:12Z MICHAEL J MORAN 4111 LA PRADA DRIVE MESQUITE TX 75150 11289688 0 X WWW.DALLASATHLETICCLUB.ORG X 1933 TX COMMIT TO PROVIDING ITS MEMBERS THE HIGHEST QUALITY GOLF FACILITIES AND PROGRAMS IN CONCERT WITH FAMILY ORIENTED ATHLETIC AND SOCIAL AMENITIES, ALL WITHIN A SAFE AND HEALTHY ENVIRONMENT AND FISCALLY RESPONSIBLE MANAGEMENT. 16 16 299 56 413080 451 0 0 8003880 7937179 -12571 -18241 1761480 1683613 9752789 9602551 0 454 0 0 5158848 5390563 0 0 0 4150052 4413815 9308900 9804832 443889 -202281 12859139 12458896 9039365 8841403 3819774 3617493 THE DALLAS ATHLETIC CLUB IS COMMITTED TO PROVIDING ITS MEMBERS THE HIGHEST QUALITY GOLF FACILITIES AND PROGRAMS IN CONCERT WITH FAMILY ORIENTED ATHLETIC AND SOCIAL AMENITIES, ALL WITHIN A SAFE AND HEALTHY ENVIRONMENT AND FISCALLY RESPONSIBLE MANAGEMENT. 0 0 THE CLUB MAINTAINS A PRIVATE GOLF COURSE FOR THE USE OF ITS MEMBERS AND THEIR GUESTS IN ADDITION TO VARIOUS CLUB AND MEMBER TOURNAMENTS. A COMPLETE PRO SHOP IS ALSO PROVIDED. THE CLUB PROVIDES TENNIS FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. CLUB PROFESSIONALS TEACH TENNIS LESSONS AND HOLD LOCAL TOURNAMENTS FOR MEMBERS FOR ADDITIONAL ASSESSMENTS. THE CLUB MAINTAINS SWIMMING FACILITIES FOR ITS MEMBERS IN ADDITION TO TEACHING SWIMMING LESSONS. MEMBER AND OTHER OUTSIDE GROUPS MAY RENT THE FACILITY FOR PRIVATE PARTIES. 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 1 299 1 1 1 0 0 0 0 627690 411629 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PATRICIA DOWNING CONTROLLER 9722793671 4111 CLUB VIEW CIRCLE DALLAS TX 75228 DUKE TRAN 1ST VICE PRESIDENT/DIRECTOR 5.00 X X 0 0 0 KENNETH LANE 1ST VICE PRESIDENT/DIRECTOR 5.00 X X 0 0 0 BOB O'NEAL 2ND VICE PRESIDENT/DIRECTOR 5.00 X X 0 0 0 GAYLA COLLINSWORTH 2ND VICE PRESIDENT/DIRECTOR 5.00 X X 0 0 0 DENWARD L FREEMAN PRESIDENT/DIRECTOR 10.00 X X 0 0 0 MICHAEL J MORAN PRESIDENT/TREASURER/DIRECTOR 5.00 X X 0 0 0 COY WEST SECRETARY/DIRECTOR 10.00 X X 0 0 0 ROBERT HAYWARD SECRETARY/DIRECTOR 10.00 X X 0 0 0 STANFORD M KAUFMAN TREASURER/DIRECTOR 5.00 X X 0 0 0 RONALD BAKER DIRECTOR 3.00 X 0 0 0 WILLIAM PERLEY DIRECTOR 5.00 X 0 0 0 DOUG DAY DIRECTOR 3.00 X 0 0 0 PHIL JONES DIRECTOR 2.00 X 0 0 0 MICHAEL MCCURDY DIRECTOR 2.00 X 0 0 0 MICHAEL CHILDERS DIRECTOR 3.00 X 0 0 0 DAVID S LAWRENCE DIRECTOR 2.00 X 0 0 0 JOHN REAP DIRECTOR 2.00 X 0 0 0 PATRICIA DOWNING CONTROLLER 50.00 X 116649 0 7251 BRENT BURKART GENERAL MANAGER 50.00 X 289917 0 15710 KEVIN R NETTLES COURSE SUPERINTENDENT 50.00 X 161717 0 20984 JAMES L PATTERSON DIRECTOR OF GOLF 40.00 X 219152 0 14818 MARK M ELLIS EXECUTIVE CHEF 50.00 X 127176 0 14664 PHILIP CALLAHAN FOOD & BEVERAGE DIRECTOR 50.00 X 111742 0 5086 1026353 0 78513 6 0 1 0 BEN E KEITH 1805 RECORD CROSSING RD DALLAS TX 75235 FOOD 699198 BLUE CROSS BLUE SHIELD 1001 E LOOKOUT DR RICHARDSON TX 75082 HEALTH INSURANCE 537809 SANDERS GOLF LLC 2010 LITTLEMORE DRIVE CORDOVA TN 38016 CONSTRUCTION 533579 SPEC'S WINE SPIRITS 9500 N CENTRAL EXPRESSWAY DALLAS TX 75231 LIQUOR 220483 ACUSHNET 333 BRIDGE STREET FAIRHAVEN MA 02719 GOLF EQUIPMENT AND CLOTHING 182704 11 MEMBERSHIP DUES 713910 5765629 5765629 GOLF GREEN FEES 719310 1116049 1071472 44577 INITIATION FEES 713910 627690 627690 LOCKER ROOM AND FITNESS 713910 218541 218541 TENNIS 713910 104044 104044 105226 105226 7937179 1451 1451 19692 -19692 -19692 -19692 3303329 1667445 1635884 1268832 367052 MISCELLANEOUS 900099 47729 47729 47729 9602551 9209163 413080 -19692 454 420550 3893230 50029 859878 166876 35788 48119 207844 709089 1707036 104955 16055 190658 1258806 LAUNDRY SERVICE 98594 MEMBER RELATIONS 19078 BAD DEBT EXPENSE 17793 9804832 2250022 1968435 1858 1862 0 0 1259377 1254908 0 0 0 0 0 0 287322 291073 82650 99277 27920278 19092054 9080707 8828224 0 0 0 0 0 0 16814 15117 12859139 12458896 1253129 1279967 0 0 508533 536901 0 0 0 0 0 0 6632116 6433891 0 0 645587 590644 9039365 8841403 X 3819774 3617493 3819774 3617493 12859139 12458896 -202281 0 X 0 1 X 1 0 751618 250000 1447 1003065 500610 250000 1008 751618 503955 3345 500610 727024 223069 503955 319113 500000 1523 93612 727024 1.00000 0 0 119611 119611 13195517 8509490 4686027 101827 54838 46989 2687666 1743294 944372 11815657 8784432 3031225 8828224 DEFERRED RENT 590644 590644 X 11289688 1687137 1687137 9602551 0 9602551 11491969 1687137 1687137 9804832 0 9804832 PART V, LINE 4: AMOUNTS DESIGNATED BY THE CLUB'S LEADERSHIP ARE FOR: SATISFYING DEBT COVENANTS: $ 503,065 FUTURE USE $ 500,000 TOTAL $1,003,065 PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENTS OF UNRESTRICTED ACTIVITIES OR ACCRUED IN THE STATEMENTS OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE CLUB ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($1,667,445) LOSS ON DISPOSAL PPE GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($19,692) PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($1,667,445) LOSS ON DISPOSAL PPE GROUPED WITH AUDIT EXPENSES ON AUDIT REPORT ($19,692) X X X X X 0 0 0 BRENT BURKART GENERAL MANAGER 289917 0 0 0 0 0 3294 0 12416 0 305627 0 0 0 KEVIN R NETTLES COURSE SUPERINTENDENT 161717 0 0 0 0 0 2846 0 18138 0 182701 0 0 0 JAMES L PATTERSON DIRECTOR OF GOLF 219152 0 0 0 0 0 0 0 14818 0 233970 0 0 0 INWOOD NATIONAL BANK DIRECTOR IS REGIONAL PRESIDENT OF BANK 190658 INTEREST PAID TO BANK 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A MEMBERSHIP ORGANIZATION. THE MEMBERS OF THE CLUB ELECT THE GOVERNING BODY. THERE ARE BOARD DECISIONS, SUCH AS CHANGES TO THE BY-LAWS, THAT HAVE TO BE RATIFIED BY THE CLUB MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB IS A MEMBERSHIP ORGANIZATION. THE MEMBERS OF THE CLUB ELECT THE GOVERNING BODY. THERE ARE BOARD DECISIONS, SUCH AS CHANGES TO THE BY-LAWS, THAT HAVE TO BE RATIFIED BY THE CLUB MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, THE MEMBERS OF THE BOARD OF DIRECTORS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY. EACH MEMBER IS ASKED TO SIGN THE COPY, LISTING ANY BUSINESS TRANSACTIONS WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITEE DETERMINES PAY SCALES, REVIEWS INDUSTRY COMPARISONS FOR THE DALLAS/FT. WORTH AREA AND MAKES RECOMMENDATIONS FOR PAY INCREASES AND ANNUAL BONUS PAYMENTS. RECENTLY, THE CLUB USED A THIRD PARTY TO ACCUMULATE DATA AND ESTABLISH PERFORMANCE STANDARDS. SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE FOR DISPLAY AT THE CLUB'S OFFICE. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST, ARE POSTED ON THE MEMBERS' WEBSITE, AND AVAILABLE FOR DISTRIBUTION IN THE MAIN CLUBHOUSE AREAS.