2012-08-03T06:02:56-05:00 2011-12-31 581107697 SEROTTA MADDOCKS EVANS & CO CPAS 701 GREENE STREET SUITE 200 AUGUSTA GA 30901 990 2011-01-01 580148720 THE AUGUSTA COUNTRY CLUB INC AUGU 7067339426 PO BOX 3166 AUGUSTA GA 30903 KATHY HANKINSON 7067339426 2012-08-01 1 RICK L EVANS P00011384 7067225337 2012-08-01 2011 2016-02-24 21:20:13Z KATHY HANKINSON PO BOX 3166 AUGUSTA GA 30903 8102121 0 X N/A X 1899 GA TO ACT AS A PRIVATE MEMBER CLUB THAT PROVIDES MEMBERS WITH A PLACE TO SOCIALIZE AND ENJOY RECREATIONAL ACTIVITIES. 16 16 256 0 0 0 5126597 4611829 1326912 1453385 1916 -1221 1061349 1147545 7516774 7211538 0 0 0 0 971593 969420 0 0 0 5953399 6190278 6924992 7159698 591782 51840 20979687 20366687 4870095 4188162 16109592 16178525 THE PRIMARY MISSION FOR THE AUGUSTA COUNTRY CLUB IS TO PROVIDE SERVICES AND MANAGE FACILITIES FOR THE BENEFIT OF DUES PAYING MEMBERS. 0 0 PROVIDES MEMBERS WITH A PLACE TO SOCIALIZE AND ENJOY RECREATIONAL ACTIVITIES WITH FAMILY, FRIENDS AND PEERS 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 1 0 0 0 0 0 0 0 0 0 0 0 1 133 0 256 1 1 1 0 0 0 0 254731 257014 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 GA X KATHY HANKINSON 7067339426 655 MILLEDGE ROAD AUGUSTA GA 30914 R W ALLEN 0.00 X 0 0 0 JIM W JATHO 0.00 X 0 0 0 WILLIAM BADGER 0.00 X 0 0 0 JOHN BOONE JR 0.00 X 0 0 0 RALPH IRELAND III 0.00 X 0 0 0 PRESTON MOSS 0.00 X 0 0 0 CARLETON VAUGHN 0.00 X 0 0 0 RICHARD RHODEN 0.00 X 0 0 0 CHRIS A CUNNINGHAM 0.00 X 0 0 0 DAVID JONES 0.00 X 0 0 0 D DEVANE BATCHELOR III 0.00 X 0 0 0 JOHN P RHODES 0.00 X 0 0 0 RICHARD PEACOCK 0.00 X 0 0 0 REMER BRINSON III 0.00 X 0 0 0 FRED SIMS JR 0.00 X 0 0 0 JON D SIMONWITZ 0.00 X 0 0 0 HENRY MARBURGER 40.00 X 243753 0 15000 243753 0 15000 1 0 1 0 0 4611829 4611829 PROGRAM SERVICE REVENU 713910 1453385 1453385 1453385 9299 9299 10520 -10520 -10520 -10520 2027608 880063 1147545 1147545 7211538 2590410 0 9299 X 787961 102419 25412 53628 43370 8138 21577 17115 341111 184331 801921 368045 GOLF 1524506 RESTURANT AND BAR 1063890 GENERAL AND ADMINISTRAT 509149 TAXES AND LICENSES 257121 1050004 7159698 142180 125335 876124 967826 74228 98159 11672 36450 29611898 11887699 18143580 17724199 1731903 1414718 20979687 20366687 478037 540125 4027615 3244291 364443 403746 4870095 4188162 X 0 0 0 0 16109592 16178525 16109592 16178525 20979687 20366687 X 51840 17093 X X 0 1 1 X 0 2121470 2121470 16305428 5299928 11005500 7136644 3734335 3402309 4048356 2853436 1194920 17724199 INITIATION FEES 1367757 ASSESSMENT FEES RECEIVABLE 46961 1414718 MEMBERSHIP DUES BILLED IN ADVANCE 403746 403746 7211538 7159698 51840 17093 17093 68933 8119214 17093 17093 8102121 -890583 -890583 7211538 8050281 890583 890583 7159698 0 7159698 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX AS A "SOCIAL CLUB" UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, EXCEPT FOR AMOUNTS REPRESENTING UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME (PRIMARILY FROM FOOD AND BEVERAGE SALES TO NON-MEMBERS) AMOUNTED TO APPROXIMATELY $320,000 IN 2011 AND $451,000 IN 2010, AND IS INCLUDED IN FOOD AND BEVERAGE REVENUE ON THE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN CLUB EQUITY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CLUB AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CLUB HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CLUB, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2011 AND 2010, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AT DECEMBER 31, 2011, THE FOLLOWING YEARS ARE SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS: FEDERAL 2008 - 2010 GEORGIA 2008 - 2010 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 17,093. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 17,093. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES REPORTED ON PAGE 9, LINE 10 (B) -880,063. LOSS ON DISPOSAL OF ASSETS -10,520. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES REPORTED ON PAGE 9, LINE 10 (B) 880,063. LOSS ON DISPOSAL OF ASSETS 10,520. X 0 0 0 HENRY MARBURGER 243753 0 0 0 0 0 15000 0 0 0 258753 0 0 0 IRELAND ELECTRIC COMPANY - RALPH IRELAND BOARD OF GOVERNORS MEMBER 7080 MAINTENANCE 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CLUB SHALL CONSIST OF THE FOLLOWING CLASSES: SENIOR RESIDENT EMERITUS JUNIOR RESIDENT EMERITUS SOCIAL ASSOCIATE NON-RESIDENT SOCIAL CLERGY SUPER SENIOR SUPER SOCIAL LEGACY SOCIAL IN ADDITION, THE CLUB SHALL RECOGNIZE INDIVIDUAL RESIDENT MEMBERS, SUSTAINING, LIFE, AND INDIVIDUAL SOCIAL OR SENIOR LADY MEMBERS WHO WERE ADMITTED UNDER PREVIOUS BYLAWS. SAID CLASSIFICATIONS, HOWEVER, ARE NO LONGER OPEN TO NEW CANDIDATES. A CANDIDATE ELECTED TO MEMBERSHIP AS A JUNIOR RESIDENT OR SENIOR RESIDENT WHO IS UNDER 35 YEARS OF AGE MAY ELECT TO PAY ONE-HALF OF HIS/HER INITIATION FEE UPON ELECTION AND THE REMAINDER IN EQUAL ANNUAL INSTALLMENTS BETWEEN THE TIME OF INITIATION AND THE MEMBER'S THIRTY-FIFTH (35TH) BIRTHDAY. ALL CANDIDATES MUST BE APPROVED FOR SUCH MEMBERSHIP BY THE BOARD OF GOVERNORS UNLESS OTHERWISE PROVIDED HEREIN. TWO DISSENTING VOTES BY BOARD MEMBERS SHALL EXCLUDE THE CANDIDATE FROM MEMBERSHIP. ALL CANDIDATES FOR MEMBERSHIP SHALL BE VOTED UPON BY SECRET BALLOT. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF THE CLUB SHALL BE THE BOARD OF GOVERNORS. THE AUTHORITY OF THE CLUB AND THE GOVERNMENT AND MANAGEMENT OF THE AFFAIRS OF THE CLUB SHALL BE VESTED IN THE BOARD OF GOVERNORS AND ALL OF THE POWERS, DUTIES AND FUNCTIONS OF THE CORPORATION CONFERRED BY THE ARTICLES OF INCORPORATION, THE BYLAWS, STATE STATUTES, COMMON LAW COURT DECISIONS OR OTHERWISE SHALL BE EXERCISED, PERFORMED AND CONTROLLED BY THE BOARD OF GOVERNORS. IT SHALL HAVE SUPERVISION, CONTROL AND DIRECTION OF THE MANAGEMENT, AFFAIRS AND PROPERTY OF THE CLUB; SHALL DETERMINE ITS POLICIES OR CHANGES THEREIN AND SHALL ACTIVELY PROSECUTE ITS PURPOSES AND OBJECTIVES AND SUPERVISE THE DISBURSEMENT OF FUNDS. THE BOARD OF GOVERNORS SHALL HAVE THE POWER TO ASSIGN MEMBERS TO MEMBERSHIP CLASSIFICATION. THE BOARD OF GOVERNORS MAY ADOPT, BY MAJORITY VOTE, SUCH RULES AND REGULATIONS FOR THE CONDUCT OF ITS BUSINESS AND THE BUSINESS OF THE CLUB AS SHALL BE DEEMED ADVISABLE AND HAVE THE POWER TO FIX PENALTIES FOR THE VIOLATION OF THE BYLAWS AND SUCH RULES AND REGULATIONS AS MAY BE ADOPTED BY IT. IN THE EXECUTION OF THE POWERS GRANTED HEREIN, THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS MAY ACT FOR THE BOARD OF GOVERNORS BETWEEN MEETINGS OF THE BOARD OR AS DELEGATED BY THE BOARD. AT ITS ANNUAL MEETING EACH YEAR, THE BOARD SHALL ELECT FROM ITS OWN BODY, A PRESIDENT, A VICE-PRESIDENT, A SECRETARY AND A TREASURER. EACH SHALL SERVE FOR THE ENSUING YEAR AND UNTIL THEIR SUCCESSORS ARE ELECTED. THESE OFFICERS ALONG WITH THE IMMEDIATE PAST PRESIDENT SHALL CONSTITUTE THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF GOVERNORS IS COMPRISED OF MEMBERS OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11 A PRINTED COPY OF THE FORM 990 WILL BE PROVIDED TO EACH MEMBER OF THE BOARD OF GOVERNORS PRIOR TO THE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF GOVERNORS ON A REGULAR BASIS TO MONITOR AND ENFORCE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL MANAGER'S COMPENSATION IS DETERMINED FOLLOWING A REVIEW BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S RECORDS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE IN ACCORDANCE WITH GEORGIA OPEN RECORDS ACT AND GEORGIA SUNSHINE LAWS. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24E SWIMMING POOL : TOTAL EXPENSES 247,635. TENNIS: TOTAL EXPENSES 226,830. FITNESS ROOM: TOTAL EXPENSES 221,542. LOCKER ROOM: TOTAL EXPENSES 133,674. SECURITY: TOTAL EXPENSES 75,527. CLUBHOUSE GROUNDS: TOTAL EXPENSES 61,121. HALFWAY HOUSE: TOTAL EXPENSES 44,450. RP TEACHING CENTER: TOTAL EXPENSES 20,263. TELEPHONE: TOTAL EXPENSES 10,523. POSTAGE: TOTAL EXPENSES 8,439. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 17,093. TOTAL TO FORM 990, PART XI, LINE 5: 17,093. AUDITED FINANCIAL STATEMENTS FORM 990, PART XI, LINE 2C THE AUGUSTA COUNTRY CLUB UNDERGOES AN ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS. THE BOARD OF GOVERNORS SELECTS THE AUDIT FIRM. THE BOARD OF GOVERNORS ALSO PROVIDE OVERSIGHT DURING THE AUDIT PROCESS.