2014-05-06T14:47:28-05:00 2013-12-31 420714325 MCGLADREY LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2013-01-01 570868425 DATAW ISLAND CLUB INC DATA 8438388434 PO BOX 819 BEAUFORT SC 29901 LORI MURDAUGH CONTROLLER 8438388434 2014-05-06 1 FRANK LUCAS P00995244 5616971785 2013 2015-11-30 17:44:51Z DAVID ELMORE PO BOX 819 BEAUFORT SC 29901 7153089 0 X WWW.DATAW.ORG X 1987 SC TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 170 12 430338 0 0 0 5610775 5521494 -814241 11684 843777 941678 5640311 6474856 0 0 0 0 3101287 3200375 0 0 0 3482855 3801354 6584142 7001729 -943831 -526873 23494988 23338460 4499427 4306872 18995561 19031588 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 $1,573,580 FOR THE YEAR ENDED 12/31/13, OF WHICH $130,423 WAS NON-MEMBER RELATED. APPROXIMATELY 44,000 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 12/31/13, OF WHICH APPROXIMATELY 2,181 ROUNDS WERE NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 79 0 1 170 1 1 1 0 0 0 1 1 550433 467499 0 X 9 9 0 0 1 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: FEB 2013 - DEC 2013 25.00 X X 0 0 0 DAVID ELMORE VICE PRESIDENT 15.00 X X 0 0 0 MIKE SULLIVAN TREASURER 20.00 X X 0 0 0 DONNA KLEIN SECRETARY 15.00 X X 0 0 0 CATHY CROCKER DIRECTOR 7.00 X 0 0 0 BILL PADDOCK DIRECTOR 15.00 X 0 0 0 J WOOD RUTTER DIRECTOR 5.00 X 0 0 0 PAUL KYNE DIRECTOR 7.00 X 0 0 0 BOB SHIELDS DIRECTOR 10.00 X 0 0 0 DAVID MUEHL PRESIDENT: JAN 2013-FEB 2013 25.00 X X 0 0 0 JOAN GILCHRIST DIRECTOR: JAN 2013-FEB 2013 7.00 X 0 0 0 JOHN MACFARLAND DIRECTOR: JAN 2013-FEB 2013 7.00 X 0 0 0 EDWARD BARTLETT GENERAL MANAGER/ COO 55.00 X 188800 0 10038 LORI MURDAUGH CONTROLLER 50.00 X 100919 0 7402 BRIAN HOLLINGSWORTH DIRECTOR OF GOLF MAINTENAN 52.00 X 100375 0 7714 390094 0 25154 3 0 1 0 CAROLINA SPORTSCARE 43 MARINA DRIVE DATAW ISLAND SC 29920 FITNESS CENTER MANAGEMENT 197173 1 MEMBERSHIP DUES AND ASSESSMENTS 713910 4636658 4636658 GOLF 713910 591920 512844 79076 GREENSPACE FEES 713910 258000 258000 TENNIS, SWIMMING, CROQUET 713910 34916 34916 5521494 5184 5184 20967 20967 0 6500 0 6500 6500 6500 1573580 657266 916314 828236 88078 MISCELLANEOUS 713910 25364 25364 25364 6474856 6038018 430338 6500 2395972 804403 29264 237268 783486 235663 GOLF COURSE MAINTENANCE 944133 TENNIS & FITNESS ACTIVI 545495 FACILITIES & POOL MAINT 386491 ADMINISTRATIVE & GENERA 260612 378942 7001729 891890 3154068 2703934 921675 369234 360671 64094 67382 145251 177154 26175943 8228677 18470596 17947266 813815 677056 36174 33188 23494988 23338460 212913 334114 6466 2710 4280048 3970048 4499427 4306872 X 18995561 19031588 18995561 19031588 23494988 23338460 X -526873 562900 X X 0 1 X 1 0 1267500 1267500 22890650 7562085 15328565 2017793 666592 1351201 17947266 LONG-TERM DEBT 3970048 3970048 X 7153089 0 7153089 -678233 -678233 6474856 7679962 678233 678233 7001729 0 7001729 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 -657,266. RENTAL EXPENSE -20,967. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 657,266. RENTAL EXPENSE 20,967. X X X 0 0 0 EDWARD BARTLETT GENERAL MANAGER/ COO 188800 0 0 0 0 0 5791 0 4247 0 198838 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE FOLLOWINGS CHANGES WERE MADE TO THE CLUB'S BYLAWS. 1. THERE IS NOW ONLY ONE MANDATORY EQUITY MEMBERSHIP CLASS WHICH IS KNOWN AS A RESIDENT MEMBERSHIP. THE RESIDENT MEMBERSHIP IS THE NEW "SOCIAL MEMBERSHIP" 2. THERE ARE NO LONGER GOLF MEMBERSHIPS SINCE THERE IS ONLY ONE MEMBERSHIP CLASS. 3. ALL MEMBERS WILL PAY THE SAME DUES. 4. MEMBERSHIP CERTIFICATES WILL NOT BE ISSUED AFTER 03/31/13. 4. BOARD POSITIONS ARE OPEN TO ALL EQUITY MEMBERS IN GOOD STANDING. 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 AND ON THE CLUB WEBSITE. 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 PROVIDES COPIES OF THE CONFLICT OF INTEREST POLICY UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERSHIP PROCEEDS 665,000. MEMBERSHIP REDEMPTION -102,100. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.