2015-11-16T15:05:38-06:00 2014-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-01-01 560232825 GASTON COUNTRY CLUB INC GAST 7048643283 3700 COUNTRY CLUB DRIVE GASTONIA NC 28056 ROBERT NOCK GENERAL MANAGER 7048643283 2015-11-16 1 JANICE A RATICA P00358837 7043771678 2014 2016-04-25 22:37:26Z ROBERT NOCK 3700 COUNTRY CLUB DRIVE GASTON NC 28056 4740999 0 X WWW.GASTONCC.COM X 1919 NC NONPROFIT SOCIAL CLUB OPERATED FOR THE ENJOYMENT AND AMUSEMENT OF ITS MEMBERS. 15 15 139 60 704411 0 0 0 4872720 4550276 10 179 40460 38800 4913190 4589255 0 0 0 0 2493084 2446372 0 0 0 2857366 2770243 5350450 5216615 -437260 -627360 16212010 16070926 1516767 2006543 14695243 14064383 SOCIAL CLUB PROVIDING RECREATIONAL FACILITIES INCLUDING GOLF, TENNIS, SWIMMING, FITNESS, DINING, AND SOCIAL ACTIVITIES 0 0 GASTON COUNTRY CLUB IS AN EXEMPT SOCIAL CLUB EXISTING SOLELY FOR THE BENEFIT OF ITS MEMBERS. ALL REVENUES AND EXPENSES ARE USED FOR THIS EXEMPT PURPOSE. APPROXIMATELY 620 MEMBERS BENEFITED DURING 2014. OPERATION OF GOLF COURSE FOR THE BENEFIT OF ITS MEMBERS. OPERATION OF TENNIS FACILITY AND SWIM CENTER FOR THE BENEFIT OF ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 139 1 1 1 0 0 0 0 282183 704232 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 0 0 0 0 0 X CHRIS BUCK 7048643283 3700 COUNTRY CLUB DRIVE GASTONIA NC 28056 JEFF MEULMAN DIRECTOR 1.00 X 0 0 0 CHRIS WHELCHEL DIRECTOR 1.00 X 0 0 0 JEFFREY JORDAN DIRECTOR 1.00 X 0 0 0 DAVID CARTER DIRECTOR 1.00 X 0 0 0 JOHN MACK DIRECTOR 1.00 X 0 0 0 JOHN CONNOR DIRECTOR 1.00 X 0 0 0 MARK HECKEL DIRECTOR 1.00 X 0 0 0 CRAIG STOVER DIRECTOR 1.00 X 0 0 0 KEVIN DIBELLA DIRECTOR 1.00 X 0 0 0 JOHN SULLIVAN DIRECTOR 1.00 X 0 0 0 RANDY BEAN PRESIDENT 1.00 X X 0 0 0 JIM CARPENTER VICE PRESIDENT 1.00 X X 0 0 0 DON BUCKNER JR TREASURER 1.00 X X 0 0 0 DON HOWE SECRETARY 1.00 X X 0 0 0 TOM GRAY PAST PRESIDENT 1.00 X X 0 0 0 ROBERT NOCK GENERAL MANAGER 50.00 X 124941 0 8054 PATTI EASTERLY CONTROLLER (START 6/2/14) 50.00 X 39100 0 765 CHARELS D SELF CONTROLLER (THRU 3/26/14) 50.00 X 32564 0 1462 196605 0 10281 1 0 0 0 CUSTOM BUILDING SYSTEMS PO BOX 6280 GASTONIA NC 28056 BUILDING SERVICES 289824 TRI-MARK FOODCRAFT LLC PO BOX 65046 DALLAS TX 752654046 FOOD SERVICES 270157 2 MEMBERSHIP FEES 713910 2570697 2570697 FOOD AND BEVERAGE INCO 713910 1474690 880686 594004 GOLF REVENUE 713910 475334 365106 110228 SPORTS, RECREATION, AN 713910 20578 20578 OTHER REVENUE 713910 5477 5477 3500 3500 4550276 179 179 190544 151744 38800 38800 4589255 3884844 704411 0 206886 1897091 31291 118664 192440 14400 12117 97725 16115 314891 5521 52401 814799 75100 FOOD AND BEVERAGE EXPEN 699997 MISCELLANEOUS EXPENSE 243651 REPAIRS AND MAINTENANCE 192103 CHEMICAL AND FERTILIZER 128115 103308 5216615 322335 409536 92841 42295 385457 392883 162587 138148 29033 31117 18630438 3599749 15190147 15030689 29610 26258 16212010 16070926 189008 210411 1325024 1796132 2735 0 1516767 2006543 X 79250 75750 14615993 13988633 0 0 14695243 14064383 16212010 16070926 X -627360 -3500 X 0 1 X 1 0 9731667 1880340 7851327 1057028 204238 852790 7841743 1515171 6326572 15030689 X 4740820 0 4740820 -151565 -151565 4589255 5368180 151565 151565 5216615 0 5216615 PART X, LINE 2: THE CLUB IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE CLUB IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS PRINCIPALLY OF INVESTMENT INCOME AND EARNINGS FROM ACTIVITIES WHICH ARE NOT RELATED TO THE EXEMPT PURPOSE OF THE CLUB. THE CLUB ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE CLUB BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO MATERIAL UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2014 AND 2013. MANAGEMENT BELIEVES THE CLUB IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN NET OF REVENUE ON 990 NOT ON FINANCIALS -151,744. INTEREST INCOME SHOWN NET ON FINANCIAL STATEMENTS 179. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN NET OF REVENUE ON 990 NOT ON FINANCIALS 151,744. INTEREST INCOME SHOWN NET ON FINANCIAL STATEMENTS -179. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A RECREATIONAL SOCIAL CLUB WHICH ISSUES VARIOUS LEVELS OF MEMBERSHIP TO ITS MEMBERS. EACH LEVEL OF MEMBERSHIP COMES WITH CERTAIN RIGHTS AND OBLIGATIONS AS TO THE USE OF THE ORGANIZATION'S FACILITIES. THE VARIOUS LEVELS OF MEMBERSHIP INCLUDE, BUT ARE NOT LIMITED TO, RESIDENT MEMBERS, LEGACY MEMBERS, AND OTHER MEMBERSHIP CLASSIFICATIONS DETERIMED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ON AN ANNUAL BASIS, THE NOMINATING COMMITTEE SHALL PLACE IN NOMINATION THE SHAREHOLDING MEMBERS SELECTED. FURTHER NOMINATIONS OF OTHER SHAREHOLDING MEMBERS MAY THEREAFTER BE MADE FROM THE FLOOR FOR ELECTION AS DIRECTORS FOR ENSUING YEARS. ELECTION SHALL BE BY BALLOT AND THE NOMINEES RECEIVING THE HIGHEST NUMBER OF VOTES FOR TEH VACATED POSITIONS SHALL BE ELECTED DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 AND 990-T ARE EMAILED TO ALL BOARD MEMBERS AFTER IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN CAPITAL STOCK -3,500.