2016-08-04T08:23:38-05:00 2015-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2015-01-01 570868425 DATAW ISLAND CLUB INC DATA 8438388434 PO BOX 819 BEAUFORT SC 29901 LORI MURDAUGH CONTROLLER 8438388434 2016-08-04 1 FRANK LUCAS P00995244 5616971785 2015 2016-12-15 16:53:06Z JOHN SCHAFER PO BOX 819 BEAUFORT SC 29901 8162953 0 X WWW.DATAW.ORG X 1987 SC TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 178 13 490581 15480 0 0 5388327 6326141 -167530 -112888 1033775 1062021 6254572 7275274 0 0 0 0 3304029 3424764 0 0 0 3857924 3841632 7161953 7266396 -907381 8878 22731996 23439605 3885589 3906520 18846407 19533085 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 $1,695,661 FOR THE YEAR ENDED 12/31/15, OF WHICH $170,170 WAS NON-MEMBER RELATED. APPROXIMATELY 45,599 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 12/31/15, OF WHICH APPROXIMATELY 2,230 ROUNDS WERE NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 97 0 1 178 1 1 1 0 0 0 1 1 1038087 518151 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 BILL PADDOCK PRESIDENT: FEB 2015 - DEC 20.00 X X 0 0 0 JOHN SCHAFER VICE PRESIDENT 20.00 X X 0 0 0 MIKE SULLIVAN TREASURER 20.00 X X 0 0 0 DAVID DOLAN SECRETARY 7.00 X X 0 0 0 BOB SHIELDS DIRECTOR 7.00 X 0 0 0 DAVID MUEHL DIRECTOR 5.00 X 0 0 0 KEN O'BRIEN DIRECTOR 7.00 X 0 0 0 MARCIA GESSER DIRECTOR 7.00 X 0 0 0 AL SEARS DIRECTOR 5.00 X 0 0 0 DAVID ELMORE PRESIDENT: JAN 2015 - FEB 20.00 X X 0 0 0 DONNA KLEIN DIRECTOR 7.00 X 0 0 0 PAUL KYNE DIRECTOR 8.00 X 0 0 0 DREW SCHRADER DIRECTOR 5.00 X 0 0 0 EDWARD BARTLETT GENERAL MANAGER/ COO 55.00 X 184193 0 22980 LORI MURDAUGH CONTROLLER 50.00 X 102760 0 9152 286953 0 32132 2 0 1 0 CAROLINA SPORTSCARE 43 MARINA DRIVE DATAW ISLAND SC 29920 COMMUNITY CENTER OPERATIONS MANAGEMENT 212236 WOOD & PARTNERS 7 LAFAYETTE PL HILTON HEAD ISLAND SC 29926 ENGINEERS FOR POOL RENOVATION 162925 2 MEMBERSHIP DUES AND ASSESSMENTS 713910 5293792 5293792 GOLF 713910 727094 637113 89981 GREENSPACE FEES 713910 258000 258000 TENNIS, SWIMMING, CROQUET 713910 47255 47255 6326141 27989 27989 40625 40625 0 5950 146827 -140877 -140877 -140877 1695661 700227 995434 880823 114611 MISCELLANEOUS 713910 66587 66587 66587 7275274 6925570 490581 -140877 2568249 856515 105437 166906 854445 211779 GOLF COURSE MAINTENANCE 995595 TENNIS & FITNESS ACTIVI 465933 FACILITIES & POOL MAINT 435661 FOOD & BEVERAGE 246000 359876 7266396 577636 1619968 1813711 2963452 361124 415549 70139 62838 138720 138458 27167619 9277107 17850606 17890512 1889858 321612 30202 27216 22731996 23439605 304597 690893 20736 30371 3560256 3185256 3885589 3906520 X 18846407 19533085 18846407 19533085 22731996 23439605 X 8878 677800 X X 0 1 X 1 0 1267500 1267500 22904915 8402104 14502811 2385339 875003 1510336 609865 609865 17890512 LONG-TERM DEBT 3185256 3185256 X 8016126 0 8016126 -740852 -740852 7275274 8007248 740852 740852 7266396 0 7266396 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES RECLASS -700,227. RENTAL EXPENSE -40,625. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 700,227. RENTAL EXPENSE 40,625. X X X 0 0 0 EDWARD BARTLETT GENERAL MANAGER/ COO 162863 0 21330 0 0 0 17504 0 5476 0 207173 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 11 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 UPON REQUEST AND ON THE CLUB WEBSITE. THE CLUB PROVIDES COPIES OF ITS FINANCIAL STATEMENTS UPON REQUEST AND ON THE CLUB WEBSITE. THE CLUB MAKES THE CONFLICT OF INTEREST POLICY AVAILABLE BY INSPECTION AT THE CLUB FORM 990, PART XI, LINE 9: MEMBERSHIP PROCEEDS 823,000. MEMBERSHIP REDEMPTION -145,200. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.