2012-04-11T13:57:48-05:00 2011-11-30 FIEBIGER SWANSON WEST & COPLLP 2537 S UNIVERSITY DR STE 200 FARGO ND 58103 990 2010-12-01 450129400 FARGO COUNTRY CLUB FARG 7012379122 509 26TH AVENUE SOUTH FARGO ND 58103 MIKE REEK 7012379122 2012-04-11 1 RALPH HANSEN CPA 7012802100 2010 2016-02-24 21:20:13Z MIKE REEK 509 26TH AVENUE SOUTH FARGO ND 58103 4810065 0 X FARGOCC.COM X 1898 ND TO PROVIDE OUR MEMBERS, THEIR FAMILIES AND GUESTS, A PRIVATE AND PRESTIGIOUS COUNTRY CLUB ENVIRONMENT THROUGH PREMIERE GOLF FACILITIES, OUTSTANDING DINING, AND EXCEPTIONAL RECREATIONAL AND SOCIAL ACTIVITIES 8 8 198 0 1432 432 0 0 2110149 2303909 2433 1432 1061609 1824767 3174191 4130108 0 0 0 0 1764338 1857014 0 0 0 1478598 1747995 3242936 3605009 -68745 525099 5648309 7176025 2246467 3247306 3401842 3928719 TO PROVIDE OUR MEMBERS, THEIR FAMILIES AND GUESTS, A PRIVATE AND PRESTIGIOUS COUNTRY CLUB ENVIRONMENT THROUGH PREMIERE GOLF FACILITIES, OUTSTANDING DINING, AND EXCEPTIONAL RECREATIONAL AND SOCIAL ACTIVITIES 0 0 2959686 3834411 TO PROVIDE OUR MEMBERS, THEIR FAMILIES AND GUESTS, A PRIVATE AND PRESTIGIOUS COUNTRY CLUB ENVIRONMENT THROUGH PREMIERE GOLF FACILITIES, OUTSTANDING DINING, AND EXCEPTIONAL RECREATIONAL AND SOCIAL ACTIVITIES. 2959686 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 198 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 ND X MANAGEMENT 7012379122 509 26TH AVENUE SOUTH FARGO ND FARGO ND 58103 JIM ALEXANDER 1.00 X X 0 0 0 DAVID BOOTH 1.00 X X 0 0 4513 TIM O'KEEFFE 1.00 X X 0 0 0 BILL MODRICH 1.00 X 0 0 0 MICHAEL WEINER 1.00 X 0 0 0 RANDY SCHWARTZ 1.00 X 0 0 0 WAYNE CARLSON 1.00 X 0 0 0 RICK RAYL 1.00 X 0 0 0 RANDY JOHNSON 1.00 X 0 0 0 DEB SOLIAH 1.00 X 0 0 0 MICHAEL REEK 40.00 X 134216 0 0 134216 0 4513 1 0 0 0 0 MEMBERSHIP DUES & ASSE 900099 2303909 2303909 2303909 1432 1432 114478 13666 100812 100812 100812 1603828 666291 937537 643272 294265 EXTRAORDINARY INCOME 900099 716080 716080 MISCELLANEOUS 900099 44111 44111 FINANCE CHARGES 900099 13779 13779 12448 12448 786418 4130108 3834411 295697 0 1740255 1474937 265318 6329 6329 87265 37680 49585 23165 23165 8800 8800 13701 13701 19004 19004 18210 18210 3973 3973 6459 5317 1142 6586 6586 46871 46871 421550 421550 167499 88706 78793 SUPPLIES 235761 235761 REPAIRS & MAINTENANCE 216018 209273 6745 GAS & OIL / UTILITIES 191581 191581 REAL ESTATE TAXES 79197 79197 LAUNDRY & LINEN 76581 76581 236204 167456 68748 3605009 2959686 645323 0 44243 42117 192464 197119 28022 95655 117778 146809 40625 55813 10597660 4643388 5225177 5954272 0 684240 5648309 7176025 839961 806302 1406506 1991004 0 450000 2246467 3247306 X 3401842 3928719 3401842 3928719 5648309 7176025 X 525099 1778 X X 0 1 1 X 0 329127 329127 4681508 2461999 2219509 2403103 148064 2255039 3183922 2033325 1150597 5954272 EASEMENT RECEIVABLE 684240 684240 LINE OF CREDIT 450000 450000 4130108 3605009 525099 1778 1778 526877 4093985 679957 679957 3414028 716080 716080 4130108 4284966 679957 679957 3605009 0 3605009 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCORDING TO GAAP, THE CLUB IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF NOVEMBER 30, 2011, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 8 - OTHER ADJUSTMENTS: PROPRIETARY CERTIFICATE ADDITIONAL PAID IN CAPITAL 57,975. ISSUANCE OF NON-PROPRIETARY CERTIFICATES 6,000. CERTIFICATES PENDING REDEMPTION 73,061. ND INCOME TAX -258. ISSUANCE/RETIREMENT OF PROPRIETARY CERTIFICATES -135,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AND COST OF GOODS SOLD 679,957. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXTRAORDINARY INCOME 716,080. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AND COST OF GOODS SOLD 679,957. FORM 990, PART VI, SECTION A, LINE 6 FARGO COUNTRY CLUB HAS MEMBERS WHO PAY MEMBERSHIP DUES. THE MEMBERS ALSO ELECT THE GOVERNING BODY ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7A THE FARGO COUNTRY CLUB HOLDS ANNUAL ELECTIONS FOR ITS GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS ARE APPROVED BY MEMBERS. THE BYLAWS REQUIRE PRIOR APPROVAL FROM THE MEMBERS BEFORE THE BOARD CAN MAKE MAJOR DECISIONS. FORM 990, PART VI, SECTION B, LINE 11 TAX RETURN IS PREPARED BY CPA AND THEN REVIEWED BY THE FINANCE DIRECTOR, GENERAL MANAGER, AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER GOES THROUGH A FORMAL REVIEW & HIS COMPENSATION IS A CALCULATED INCENTIVE. THE BOARD PRESIDENT APPROVES HIS SALARY. THE OTHER EMPLOYEES ALSO GO THROUGH A REVIEW PROCESS TO DETERMINE THEIR WAGES. FORM 990, PART VI, SECTION C, LINE 19 HE FARGO COUNTRY CLUB IS A PRIVATE CLUB, SO UPON REQUEST OF THE MEMBERS, THE CLUB PROVIDES THE FINANCIAL STATEMENTS. THE DOCUMENTS ARE ALSO PROVIDED TO THOSE INQUIRING ABOUT MEMBERSHIP IN THE COUNTRY CLUB. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PROPRIETARY CERTIFICATE ADDITIONAL PAID IN CAPITAL 57,975. ISSUANCE OF NON-PROPRIETARY CERTIFICATES 6,000. CERTIFICATES PENDING REDEMPTION 73,061. ND INCOME TAX -258. ISSUANCE/RETIREMENT OF PROPRIETARY CERTIFICATES -135,000. TOTAL TO FORM 990, PART XI, LINE 5: 1,778. PART XII, LINE 2C - THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.