2015-02-16T09:06:17-06:00 2014-03-31 341897853 CRUM & COMPANY 525 N CLEVELAND MASSILLON RD STE 10 AKRON OH 443333332 990 2013-04-01 340468390 PORTAGE COUNTRY CLUB PORT 3308364994 240 NORTH PORTAGE PATH AKRON OH 44303 ROBERT J LEFEVER PRESIDENT & CEO 3308364994 2015-02-14 true KEVIN K CRUM P00255436 3308671222 2015-02-16 2013 2016-03-07 17:11:31Z ROBERT J LEFEVER 240 NORTH PORTAGE PATH AKRON OH 44303 6381733 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". 15 15 232 76 283421 109789 0 3433777 3399803 5780 431 475497 495546 3915054 3895780 0 0 1807545 1816893 0 0 2154866 2061443 3962411 3878336 -47357 17444 12075444 12405753 1209070 1553194 10866374 10852559 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 540 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 42 0 true 232 true true true false false false false 590549 707752 false X 15 15 false false 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 THOMAS VAN AUKER DIRECTOR 2.00 X 0 0 0 AARON G LEPP SECRETARY 2.00 X X 0 0 0 JOHN BADER DIRECTOR 2.00 X 0 0 0 BRIAN MOORE CHAIRMAN 2.00 X X 0 0 0 TIMOTHY BERINGER VICE-CHAIRMA 2.00 X X 0 0 0 DR DAVID R KIMBERLY DIRECTOR 2.00 X 0 0 0 JAMES ROLLINS TREASURER 2.00 X X 0 0 0 FUAD KHAYYAT DIRECTOR 2.00 X 0 0 0 DANIELLE KIMMELL DIRECTOR 2.00 X 0 0 0 FRANK BEVILACQUA DIRECTOR 2.00 X 0 0 0 DR R WILLIAM MCCUE DIRECTOR 2.00 X 0 0 0 JUDGE DEBORAH COOK DIRECTOR 2.00 X 0 0 0 DR DAVID BAKER DIRECTOR 2.00 X 0 0 0 JOHN JUDGE DIRECTOR 2.00 X 0 0 0 EDWARD LYNCH DIRECTOR 2.00 X 0 0 0 ROBERT J LEFEVER PRESIDENT & 40.00 X 144391 0 11425 GREGORY W RELYEA CONTROLLER 40.00 X 74756 0 6556 TOM VOGEL GROUNDS SUPE 40.00 X 113248 0 12544 332395 30525 2 false true false MEMBERSHIP DUES & ASSESSMENTS 713910 2878442 2878442 GOLF 713910 378125 378125 LOCKER ROOM 713910 75137 75137 NON MEMBER REVENUE NON-INV. 713910 36462 36462 SWIMMING 713910 29237 29237 2400 2400 3399803 431 431 158621 158621 2808225 2485953 322272 249018 73254 ROYALTY INCOME - CLUB USE 713910 14653 14653 14653 3895780 3612359 283421 237127 1316711 32074 111247 119734 34539 12000 13937 42589 39123 418535 6325 22205 703880 3275 REPAIRS & MAINTENANCE 176420 LIMITED TO NET INCOME 144001 CHEMICALS 100751 GENERAL & ADMIN 95128 248735 3878336 0 0 0 152493 155747 375193 260997 3000 2000 584903 566005 90246 109760 44559 50898 22146755 10886409 10825050 11260346 12075444 12405753 323817 400073 373743 372477 460458 735685 51052 44959 1209070 1553194 X 25500 25200 10840874 10827359 10866374 10852559 12075444 12405753 17444 -31259 X false true X true false 491836 491836 13717099 5639686 8077413 3808486 2384057 1424429 4129334 2862666 1266668 11260346 14000 OBLIGATION UNDER INTEREST RATE SWAP 30959 44959 X 6381733 2485953 2485953 3895780 3895780 6395248 30959 2485953 2516912 3878336 3878336 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 ARE NONE, ARE RECORDED IN OPERATING EXPENSES. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 2,485,953 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 2,485,953 X false false false ROBERT J LEFEVER PRESIDENT & CEO 144391 2954 8471 155816 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 6 RESIDENT MEMBERS, NON-RESIDENT GOLF MEMBERS, AND HONORARY MEMBERS HAVE A SHARE OF COMMON STOCK FORM 990, PAGE 6, PART VI, LINE 7A THE NEW BOARD IS ELECTED BY THE VOTING MEMBERS ANNUALLY 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 FORM 990, PART XI, LINE 9 LOSSES REPORTED ON RETURN 30,959 COST OF GOODS SOLD 2,485,953 COST OF GOODS SOLD -2,485,953 FORM 990, PART XI, LINE 9 NET REDEMPTIONS OF STOCK 300