2013-09-10T08:00:33-05:00 2012-12-31 420714325 MCGLADREY LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2012-01-01 570868425 DATAW ISLAND CLUB INC DATA 8438388434 PO BOX 819 BEAUFORT SC 29901 LORI MURDAUGH 8438388434 2013-09-10 1 FRANK LUCAS P00995244 5616971785 2012 2016-02-24 21:20:13Z JOHN SCHAFER PO BOX 819 BEAUFORT SC 29901 7089457 0 X WWW.DATAW.ORG X 1987 SC TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 159 0 434897 36420 0 0 5454873 5610775 -1540358 -814241 864153 843777 4778668 5640311 0 0 0 0 3080430 3101287 0 0 0 3280898 3482855 6361328 6584142 -1582660 -943831 23558224 23494988 3867232 4499427 19690992 18995561 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 $1,397,534 FOR THE YEAR ENDED 12/31/12, OF WHICH $93,509 WAS NON-MEMBER RELATED. APPROXIMATELY 43,867 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 12/31/12, OF WHICH APPROXIMATELY 1,576 ROUNDS WERE 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 1 96 0 1 159 1 1 1 0 0 0 1 1 858780 418859 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 JOHN SCHAFER 15.00 X X 0 0 0 DAVID ELMORE 5.00 X X 0 0 0 MIKE SULLIVAN 10.00 X X 0 0 0 DONNA KLEIN 3.00 X X 0 0 0 CATHY CROCKER 3.00 X 0 0 0 JOAN GILCHRIST 10.00 X 0 0 0 J WOOD RUTTER 6.00 X 0 0 0 JOHN MACFARLAND 3.00 X 0 0 0 W PAUL KYNE 3.00 X 0 0 0 BILL PADDOCK 5.00 X 0 0 0 BOB SHIELDS 5.00 X 0 0 0 EDWARD BARTLETT 55.00 X 191668 0 17926 LORI MURDAUGH 50.00 X 99947 0 15250 BRIAN HOLLINGSWORTH 52.00 X 108278 0 12359 399893 0 45535 2 0 1 0 CAROLINA SPORTSCARE 43 MARINA DRIVE DATAW ISLAND SC 29920 FITNESS CENTER MANAGEMENT 210600 1 MEMBERSHIP DUES AND AS 713910 4755590 4755590 GOLF 713910 570672 503322 67350 GREENSPACE FEES 713910 258000 258000 TENNIS, SWIMMING, CROQUET 713910 26513 26513 5610775 47409 47409 16400 16400 0 861650 -861650 -861650 -861650 1397534 571096 826438 764300 62138 MISCELLANEOUS 713910 17339 17339 17339 5640311 6067064 434897 -861650 2344216 757071 45090 65506 762793 222696 GOLF COURSE MAINTENANCE 931350 TENNIS & FITNESS ACTIVI 494567 FACILITIES & POOL MAINT 403296 ADMINISTRATIVE & GENERA 232201 325356 6584142 1338058 891890 2995992 2703934 337153 369234 59716 64094 143671 145251 25940828 7470232 17822391 18470596 822083 813815 39160 36174 23558224 23494988 455073 212913 31921 6466 3380238 4280048 3867232 4499427 X 19690992 18995561 19690992 18995561 23558224 23494988 X -943831 27000 221400 X X 0 1 X 1 0 1267500 1267500 22755228 6889497 15865731 1918100 580735 1337365 18470596 LONG-TERM DEBT, NET OF CURRENT MATURITIES 4280048 4280048 X 6227807 0 6227807 -587496 -587496 5640311 7171638 587496 587496 6584142 0 6584142 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 -571,096. RENTAL EXPENSE -16,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 571,096. RENTAL EXPENSE 16,400. X X X 0 0 0 EDWARD BARTLETT 191668 0 0 0 0 0 14092 0 3834 0 209594 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 THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF, FULL GOLF, INTRO GOLF, SPORT, ISLAND SOCIAL, AND SOCIAL EQUITY MEMBERS HAVE FULL VOTING RIGHTS IN THE ELECTION OF THE DIRECTORS, AND THE DIRECTORS VOTE FOR THE OFFICERS. 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 ASSISTANT TREASURER AND 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 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, FOR INSPECTION AT THE CLUB AND ON THE CLUB WEBSITE. THE CLUB PROVIDES COPIES OF ITS FINANCIAL STATEMENTS UPON REQUEST, FOR INSPECTION AT THE CLUB AND ON THE CLUB WEBSITE. THE CLUB DOES NOT PROVIDE COPIES OF THE CONFLICT OF INTEREST POLICY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: MEMBERSHIP PROCEEDS 363,500. MEMBERSHIP REDEMPTION -142,100. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.