2013-02-07T13:21:18-06:00 2012-03-31 420714325 MCGLADREY LLP 5801 PELICAN BAY BLVD SUITE 500 NAPLES FL 341082734 990 2011-04-01 650569727 PELICAN'S NEST GOLF CLUB INC PELI 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 MICHAEL MARTINO 2399472282 2013-02-07 1 FRANK LUCAS P00995244 2395960105 2011 2016-02-25 16:41:14Z MICHAEL MARTINO 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 7911606 0 X WWW.NESTGOLF.COM X 1995 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 150 9 444043 0 0 0 5495582 6050862 2583 1293 1059855 1195725 6558020 7247880 0 0 0 0 3320174 3541475 0 0 0 4265974 4441566 7586148 7983041 -1028128 -735161 20872613 20809544 6551664 6112926 14320949 14696618 PELICAN'S NEST GOLF CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS TWO 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 03/31/12 WAS APPROX. 51,622 OF WHICH APPROX 5,921 ROUNDS WERE NON-MEMBER REALATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $1,252,695 OF WHICH $134,104 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 1 72 0 1 150 1 1 1 0 0 0 1 1 0 529671 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X TIM MAURAIS CONTROLLER 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 MICHAEL MARTINO 1.00 X X 0 0 0 ROBERT C KOLK 1.00 X 0 0 0 PHIL SIMON 1.00 X X 0 0 0 JANE DUNK 1.00 X 0 0 0 DIANE WELSH 1.00 X 0 0 0 VINCE LOVELLE 1.00 X 0 0 0 DREXEL BUNCH 1.00 X X 0 0 0 NICK SPAIN 1.00 X 0 0 0 ED MILLIKEN 1.00 X X 0 0 0 DAVID GILLESPIE 40.00 X 176309 0 7412 TIM MAURAIS 40.00 X 127031 0 9090 JASON ZIMMERMAN 40.00 X 140910 0 7900 CHRIS SHEEHAN 40.00 X 130481 0 6253 CAMERON HORD 40.00 X 111343 0 4392 686074 0 35047 5 0 1 0 0 MEMBERSHIP DUES & ASSE 713910 4428282 4428282 GREEN & GOLF CART FEES 713910 1450109 1254100 196009 OTHER GOLF REVENUE 713910 172471 172471 6050862 1771 1771 478 -478 -478 -478 1530321 663248 867073 768879 98194 MISCELLANEOUS 713910 171388 171388 DESIGNATED USER FEE 713910 148069 148069 MEMBER FINANCE CHARGES 713910 9195 9195 328652 7247880 6804315 444043 -478 2854326 390126 297023 374322 889977 183629 GOLF COURSE MAINTENANCE 1471108 CLUBHOUSE 451822 GENERAL & ADMINISTRATIV 257452 GOLF ACTIVITIES 237036 576220 7983041 1032164 1388014 649220 766553 164857 175987 125471 158496 31065362 13063867 18582899 18001495 318002 318999 20872613 20809544 669193 622395 38019 215182 5844452 5275349 6551664 6112926 X 14320949 14696618 14320949 14696618 20872613 20809544 X -735161 1110830 X X 0 1 1 X 0 6882185 6882185 12739122 6881734 5857388 2316608 1251443 1065165 9127447 4930690 4196757 18001495 NOTES PAYABLE 4423190 CAPITAL LEASE OBLIGATIONS 61285 INTEREST RATE SWAP AGREEMENT 759874 DEFERRED AMBASSADOR PROGRAM 31000 5275349 7247880 7983041 -735161 1110830 1110830 375669 7911128 663248 663248 7247880 0 7247880 8646289 663248 663248 7983041 0 7983041 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 8 - OTHER ADJUSTMENTS: ISSUANCE OF MEMBERSHIPS 181,305. CAPITAL IMPROVEMENT ASSESSMENTS 385,943. DEBT REDUCTION ASSESSMENTS 543,582. TOTAL TO SCHEDULE D, PART XI, LINE 8: 1,110,830. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 663,248. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 663,248. PART XIII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS X X 0 0 0 DAVID GILLESPIE 151109 0 18000 0 7200 0 3022 0 4390 0 183721 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BOARDS ABILITY TO CREATE NEW TYPES OF MEMBERSHIPS. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB 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 THE BOARD OF DIRECTORS SHALL BE ELECTED AT EACH ANNUAL MEETING BY ALL FULL GOLF MEMBERS, WHICH ARE THE ONLY MEMBERS ENTITLED TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING MEMBERSHIP CATEGORY HAVE VOTING PRIVILEGES: FULL GOLF MEMBERSHIPS VOTE ON OPERATING BUDGET, CAPITAL BUDGET, ELECT BOARD MEMBERS, AND VOTE ON BY-LAWS CHANGES(2/3RD VOTE). FORM 990, PART VI, SECTION B, LINE 11 ALL BOARD MEMBERS RECIEVE A COPY OF THE RETURN BEFORE FILING. EACH BOARD MEMBER REVIEWS TO THE NECESSARY EXTENT. IF ANY QUESTIONS ARISE, ITS DISCUSSED WITH THE TREASURER OR THE OUTSIDE CPA IF NEEDED. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AS A GENERAL POLICY THAT MEMBERS ARE NOT PERMITTED TO CONDUCT BUSINESS WITH THE CLUB. GENERAL MANAGER MONITORS ALL NEW VENDOR ADDITIONS EACH MONTH. IN ADDITION, EACH YEAR THE ANNUAL DISCLOSURES ARE EVALUATED. 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 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. IN ADDITION THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE VIA CLUB WEBSITE AND TO THE PUBLIC BY INSPECTION AT THE CLUB. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ISSUANCE OF MEMBERSHIPS 181,305. CAPITAL IMPROVEMENT ASSESSMENTS 385,943. DEBT REDUCTION ASSESSMENTS 543,582. TOTAL TO FORM 990, PART XI, LINE 5: 1,110,830. FORM 990: PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.