2026-02-13T11:37:14-06:00 2025-03-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2024-04-01 650569727 PELICAN'S NEST GOLF CLUB INC PELI 2399472282 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 JAMES SAITZ TREASURER 2399472282 2026-01-29 1 1 CHRISTOPHER CECIL P01877734 5616971785 2024 2025-03-06 01:10:19Z THE NEST GOLF CLUB WAYNE BAUMAN 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 14166662 0 X WWW.NESTGOLF.COM X 1995 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 138 15 1143509 193343 0 0 9975853 10855724 47155 -172654 1791774 1682761 11814782 12365831 0 0 0 0 6260574 6740851 0 0 0 7418438 8186323 13679012 14927174 -1864230 -2561343 40560342 46757696 6455866 6975963 34104476 39781733 TO PROVIDE EXCEPTIONAL GOLF, DINING, AND SOCIAL EXPERIENCES FOR ITS MEMBERS AND GUESTS. 0 0 THE CLUB HAS TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 03/31/25 WAS APPROXIMATELY 59,758 OF WHICH APPROXIMATELY 8,043 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $2,432,896 OF WHICH $160,535 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 34 0 1 138 1 1 1 0 0 0 1 1 0 960430 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 0 0 0 X TIM MAURAIS CONTROLLER 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 WAYNE BAUMAN PRESIDENT 1.00 X X 0 0 0 GEORGE HAMILTON VICE PRESIDENT 1.00 X X 0 0 0 JIM SAITZ TREASURER 1.00 X X 0 0 0 NANCY LOOMIS SECRETARY 1.00 X X 0 0 0 MICHAEL BIGFORD DIRECTOR 1.00 X 0 0 0 SARA HADLEY DIRECTOR 1.00 X 0 0 0 ALAN SHEETS DIRECTOR 1.00 X 0 0 0 JUDY GREENBERG DIRECTOR 1.00 X 0 0 0 DENNIS BURKE DIRECTOR 1.00 X 0 0 0 TIM MAURAIS CONTROLLER 40.00 X 211699 0 37920 STEVE MALVINNI GM/COO (AS OF 6/26/2024) 40.00 X 128147 0 11217 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUNDS 40.00 X 224810 0 24286 KYAW HTET DIRECTOR OF GOLF OPS 40.00 X 218779 0 37372 JOE SZLACHETKA EXECUTIVE CHEF (THROUGH 11/15/2024) 40.00 X 147082 0 12218 930517 0 123013 8 0 1 0 ABRAHAM CONSTRUCTION GROUP 931 FIFTH AVE N NAPLES FL 34102 CONSTRUCTION SERVICES 1544501 BLUE CROSS BLUE SHIELDS OF FL PO BOX 660299 DALLAS TX 75266 HEALTH INSURANCE COMPANY 638227 MVP WORKFORCE PO BOX 6690 CAROL STREAM IL 60197 GOLF COURSE MAINTENANCE 616678 THE BALDWIN GROUP PO BOX 931266 ATLANTA GA 31193 INSURANCE BROKER 511488 WESCO TURF 2101 CANTU CT SARASOTA FL 34232 GOLF COURSE MAINTENANCE 390660 19 MEMBERSHIP DUES & ASSESSMENTS 713910 8411880 8411880 GREEN & GOLF CART FEES 713910 2140926 1403601 737325 OTHER GOLF REVENUE 713910 268012 268012 UNUSED FOOD AND BEVERAGE MINIMUM 713910 34906 34906 10855724 205743 205743 378397 -378397 -378397 -378397 2943996 1422434 1521562 1413717 107845 INSURANCE PROCEEDS 713910 92596 92596 MISCELLANEOUS 713910 68603 68603 161199 12365831 11600719 1143509 -378397 X 5554219 1186632 222794 1890017 513350 GOLF COURSE MAINTENANCE 2224290 CLUBHOUSE 730995 GENERAL & ADMINISTRATIV 702926 GOLF ACTIVITIES 500550 1401401 14927174 9380625 11995692 1365197 1455413 345223 391616 284875 369187 43348662 13612308 28772075 29736354 412347 2809434 40560342 46757696 972269 1361810 29079 18015 5454518 5596138 6455866 6975963 X 34104476 39781733 34104476 39781733 40560342 46757696 X -2561343 8238600 X X 0 1 X 1 0 6882185 6882185 11408926 4054861 7354065 6546806 3932620 2614186 18510745 5624827 12885918 29736354 DEPOSITS 5263 ROU ASSETS - OPERATING LEASES 2764841 ROU ASSETS - FINANCE LEASES 20013 INTEREST RATE SWAP AGREEMENT 19317 2809434 NOTES PAYABLE 3319524 CURRENT OPERATING LEASE LIABILITY 493208 CURRENT FINANCE LEASE LIABILITY 5651 OPERATING LEASE LIABILITY 1771633 FINANCE LEASE LIABILITY 6122 5596138 X 13788265 1422434 1422434 12365831 0 12365831 16349608 1422434 1422434 14927174 0 14927174 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 STATEMENT TO COMPLY WITH THE PROVISION OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARD CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,422,434. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,422,434. X X X 0 0 0 KYAW HTET DIRECTOR OF GOLF OPS 206279 0 12500 0 0 0 0 0 37372 0 256151 0 0 0 TIM MAURAIS CONTROLLER 193699 0 18000 0 0 0 0 0 37920 0 249619 0 0 0 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUNDS 205310 0 19500 0 0 0 0 0 24286 0 249096 0 0 0 JOE SZLACHETKA EXECUTIVE CHEF (THROUGH 11/15/2024) 132082 0 15000 0 0 0 0 0 12218 0 159300 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A FULL GOLF VOTES COUNT AS 2, SINGLE COUNT AS 1, AND CLUBHOUSE AND SOCIAL DO NOT HAVE A VOTE. 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 FULL (2 VOTES) AND SINGLE (1 VOTE) GOLF MEMBERS ARE THE ONLY MEMBERSHIP CATEGORIES WHICH HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF MEMBERSHIPS VOTE ON OPERATING BUDGET, CAPITAL BUDGET, ELECT BOARD MEMBERS, AND VOTE ON BYLAW CHANGES (2/3RD VOTE). FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND TREASURER RECEIVE A COPY OF THE RETURN BEFORE FILING. THE CONTROLLER AND TREASURER REVIEW TO THE NECESSARY EXTENT. IF ANY QUESTIONS ARISE, THEY ARE 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. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND GENERAL MANAGER REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR ALL DEPARTMENT HEADS BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. ALL COMPENSATION BEYOND NORMAL PERCENTAGE INCREASE MUST BE APPROVED BY BOTH THE PRESIDENT AND GENERAL MANAGER. THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR THE GENERAL MANAGER BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. 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 CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH INSPECTION AT THE CLUB. THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE. FORM 990, PART IX, LINE 24E FOOD AND BEVERAGE 490,790. PROPERTY TAXES 391,275. MISCELLANEOUS EXPENSE 229,295. MARKETING 122,017. INFORMATION TECHNOLOGY EXPENSES 97,596. INTEREST RATE SWAP 70,428. FORM 990, PART XI, LINE 9: CAPITAL IMPROVEMENT ASSESSMENTS 1,195,594. DEBT REDUCTION ASSESSMENTS 1,737,506. MEMBERSHIP CONTRIBUTIONS 5,305,500. FORM 990: PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.