2012-05-21T10:33:58-05:00 2011-12-31 420174325 MCGLADREY LLP 5801 PELICAN BAY BLVD SUITE 500 NAPLES FL 34108 990 2011-01-01 650102934 AUDUBON COUNTRY CLUB ASSOCIATION INC AUDU 2395669800 625 AUDUBON BOULEVARD NAPLES FL 341107939 MARK MCDONOUGH 2395669800 2012-05-21 1 FRANK LUCAS P00995244 2395964518 2011 2016-02-24 21:20:13Z NEWELL FALKINBURG 625 AUDUBON BOULEVARD NAPLES FL 341107939 4795614 0 X WWW.AUDUBONCCOFNAPLES.COM X 1989 FL TO BIND ITS MEMBERS TOGETHER FOR A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 136 0 108253 21351 0 0 3752435 3858845 46598 34696 935782 470283 4734815 4363824 0 0 0 0 2734489 2814046 0 0 0 2407264 2583648 5141753 5397694 -406938 -1033870 16937334 17190979 3464130 4083096 13473204 13107883 AUDUBON COUNTRY CLUB ASSOCIATION IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 A PRIVATE CLUB PROVIDING RECREATIONAL FACILITIES TO ITS MEMBERS (GOLF COURSE, PRO SHOP, TENNIS, POOL) THE CLUB HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 12/31/11 WAS APPROXIMATELY 23,658 OF WHICH APPROXIMATELY 1,745 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $897,734 OF WHICH $22,254 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 12 0 1 136 1 1 1 0 0 0 1 1 0 84049 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X TERRI McCABE 2395669800 625 AUDUBON BLVD NAPLES FL 341107939 NEWELL FALKINBURG 5.00 X X 0 0 0 MICHAEL KAVANAGH 5.00 X X 0 0 0 MARK MCDONOUGH 5.00 X X 0 0 0 DONNA MILLER 5.00 X X 0 0 0 BURT ABRAMS 5.00 X 0 0 0 CHARLES STAUFFER 5.00 X 0 0 0 JAMES WHITE JR 5.00 X 0 0 0 TOM SEELEY 5.00 X 0 0 0 ALEX SAUNDERS 5.00 X 0 0 0 JOHN COSTELLO III 50.00 X 82275 0 6375 KENYON KYLE 40.00 X 114836 0 16842 BEN STEELE 45.00 X 113725 0 12332 JOSEPH ARCHAZKI 50.00 X 101724 0 7482 412560 0 43031 3 1 0 0 0 MEMBERSHIP DUES 713910 3089249 3089249 GREENS AND CART FEES 713910 745333 683538 61795 LOCKER RENTALS 713910 24050 24050 TENNIS, POOL AND CROQU 713910 213 213 3858845 34903 34903 207 -207 -207 -207 897734 431583 466151 454596 11555 MISCELLANEOUS 713910 4132 4132 4132 4363824 4255778 108253 -207 2363456 450590 830784 159180 INCOME TAXES 3934 GOLF COURSE & RELATED 607476 ADMINISTRATIVE & GENERA 330236 CLUBHOUSE 267006 385032 5397694 2617170 2994500 616593 974280 60386 54992 190953 150583 23046682 11542518 11748459 11504164 1685958 1481305 17815 31155 16937334 17190979 203478 602640 2958015 3210805 302637 269651 3464130 4083096 X 13473204 13107883 13473204 13107883 16937334 17190979 X -1033870 668549 X X 0 1 1 X 0 4210556 4210556 7082025 4225790 2856235 3827905 2904047 923858 7926196 4412681 3513515 11504164 CERTIFICATES OF DEPOSIT 1481305 C 1481305 MEMBERSHIP DEPOSITS 269651 269651 4363824 5397694 -1033870 668549 668549 -365321 4791473 431583 431583 4359890 3934 3934 4363824 5825343 431583 431583 5393760 3934 3934 5397694 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 accounting guidance for uncertainty in income taxes within the Income Taxes Topic of the FASB Accounting Standards Codification. Part XI, Line 8 - Other Adjustments: MEMBERSHIPS CERTIFICATE FEES 384,898. REDEMPTION OF MEMBERSHIPS -674,470. CAPITAL IMPROVEMENT ASSESSMENT 531,011. INITIATION FEES 456,300. AMORTIZATION OF REFUNDABLE CAPITAL ASSESSMENTS -29,190. Total to Schedule D, Part XI, Line 8: 668,549. Part XII, Line 2d - Other Adjustments: COST OF SALES 431,583. Part XII, Line 4b - Other Adjustments: INCOME TAXES 3,934. Part XIII, Line 2d - Other Adjustments: COST OF SALES 431,583. Part XIII, Line 4b - Other Adjustments: INCOME TAXES 3,934. X X X X 1 0 0 JOSEPH ARCHAZKI 36672 0 0 0 65052 0 0 0 7482 0 109206 0 0 0 Part I, Line 4a JOSEPH ARCHAZKI RECEIVED A SEVERANCE PAYMENT OF $63,120. Form 990, Part VI, Section A, line 6 THE CLUB PROVIDES RECREATIONAL FACILITIES TO ITS MEMBERS (GOLF COURSE, PRO SHOP, TENNIS, POOL) Form 990, Part VI, Section A, line 7a ALL MEMBER CATEGORIES CAN VOTE. EQUITY MEMBERSHIPS RECEIVE TWO VOTES PER MEMBERSHIP AND INTERIM/ASSOCIATE MEMBERSHIPS RECEIVE ONE VOTE PER MEMBERSHIP. Form 990, Part VI, Section A, line 7b CAPITAL PROJECTS GREATER THAN $250,000 IN ANY CALENDAR YEAR REQUIRE A VOTE. IN ADDITION, ANNUAL CAPITAL ASSESSMENTS GREATER THAN $2,000 PER GOLF MEMBERSHIP OR $1,000 PER SOCIAL MEMBERSHIP REQUIRE A VOTE. AS WELL AS, ANY CHANGE TO SECTION 7 OF THE BY-LAWS REGARDING MEMBERSHIP. MEMBERSHIP MUST APPROVE ANY ENCUMBERANCE ON REAL PROPERTY/IMPROVEMENTS OF THE CLUB. Form 990, Part VI, Section B, line 11 THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CONTROLLER AND THE TREASURER. ONCE REVIEWED BY THE CONTROLLER AND THE TREASURER, A BOARD MEMBER SIGNS THE FORM 990. Form 990, Part VI, Section B, line 15 COMPENSATION IS DETERMINED BY COMPARABLE DATA. THE TREASURER OF THE BOARD REVIEWS ALL COMPENSATION PACKAGES WHICH ARE THEN APPROVED BY THE PRESIDENT. DOCUMENTATION OF THE PROCESS IS KEPT IN THE RESPECTIVE EMPLOYEE FILE. 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 THE CLUB GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS UPON REQUEST. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: MEMBERSHIPS CERTIFICATE FEES 384,898. REDEMPTION OF MEMBERSHIPS -674,470. CAPITAL IMPROVEMENT ASSESSMENT 531,011. INITIATION FEES 456,300. AMORTIZATION OF REFUNDABLE CAPITAL ASSESSMENTS -29,190. Total to Form 990, Part XI, Line 5: 668,549. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR.