2011-10-12T07:32:31-05:00 2010-12-31 SEROTTA MADDOCKS EVANS & CO CPA'S 701 GREENE STREET SUITE 200 AUGUSTA GA 30901 990 2010-01-01 580148720 THE AUGUSTA COUNTRY CLUB INC AUGU 7067339426 PO BOX 3166 AUGUSTA GA 30903 KATHY HANKINSON 7067339426 2011-08-15 1 RICK L EVANS 7067225337 2011-10-11 2010 2016-03-07 17:11:31Z KATHY HANKINSON PO BOX 3166 AUGUSTA GA 30903 8362419 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 16 266 0 0 0 4653649 5126597 2470510 1326912 1751 1916 1169692 1061349 8295602 7516774 0 0 0 0 975190 971593 0 0 0 5835875 5953399 6811065 6924992 1484537 591782 21944839 20979687 6402757 4870095 15542082 16109592 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 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 39 0 266 1 1 1 0 0 0 0 938090 399253 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 BERT HARBIN X X 0 0 0 RICHARD PEACOCK X X 0 0 0 REMER BRINSON III X X 0 0 0 FRED SIMS JR X X 0 0 0 R W ALLEN X 0 0 0 JIM W JATHO X 0 0 0 WILLIAM BADGER X 0 0 0 JOHN BOONE JR X 0 0 0 H ROY FINNEY X 0 0 0 RALPH IRELAND III X 0 0 0 PRESTON MOSS X 0 0 0 CARLETON VAUGHN X 0 0 0 RICHARD RHODEN X 0 0 0 JON D SIMONWITZ X 0 0 0 CHRIS A CUNNINGHAM X 0 0 0 DAVID JONES X 0 0 0 HENRY MARBURGER 40.00 X 208570 0 0 208570 0 0 1 0 1 0 0 5126597 5126597 PROGRAM SERVICE REVENU 713910 1326912 1326912 1326912 1916 1916 1906994 845645 1061349 1061349 7516774 2388261 0 1916 760396 129728 28833 52636 27874 38207 26042 316297 202420 793287 350548 GOLF 1444114 RESTURANT AND BAR 1070782 GENERAL AND ADMINISTRAT 451560 TAXES AND LICENSES 243966 SWIMMING POOL AND JUNIO 234151 754151 6924992 105610 142180 1048210 876124 82735 74228 18384 11672 29376020 11232440 18664045 18143580 2025855 1731903 21944839 20979687 476765 478037 5587200 4027615 338792 364443 6402757 4870095 X 0 0 0 0 15542082 16109592 15542082 16109592 21944839 20979687 X 591782 -24272 X X 0 1 1 X 0 2044288 2044288 16305428 4879036 11426392 6988317 3581896 3406421 4037987 2771508 1266479 18143580 INITIATION FEES 1682855 ASSESSMENT FEES RECEIVABLE 49048 1731903 MEMBERSHIP DUES BILLED IN ADVANCE 364443 364443 7516774 6924992 591782 -24272 -24272 567510 8338147 -24272 -24272 8362419 -845645 -845645 7516774 7770637 845645 845645 6924992 0 6924992 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 $400,000 IN 2010 AND $224,000 IN 2009, AND IS INCLUDED IN FOOD AND BEVERAGE REVENUE ON THE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN CLUB EQUITY. AT DECEMBER 31, 2010, THE FOLLOWING YEARS ARE SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTION: FEDERAL 2007 - 2010 GEORGIA 2007 - 2010 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT -24,272. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT -24,272. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES REPORTED ON PAGE 9, LINE 10 (B) -845,645. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES REPORTED ON PAGE 9, LINE 10 (B) 845,645. X 0 0 0 HENRY MARBURGER 208570 0 0 0 0 0 0 0 0 0 208570 0 0 0 IRELAND ELECTRIC COMPANY - RALPH IRELAND BOARD OF GOVERNORS MEMBER 11398 MAINTENANCE 0 MANER BUILDERS SUPPLY - BERT HARBIN BOARD OF GOVERNORS MEMBER 603 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 24F TENNIS: TOTAL EXPENSES 219,004. FITNESS ROOM: TOTAL EXPENSES 195,260. LOCKER ROOM: TOTAL EXPENSES 134,677. SECURITY: TOTAL EXPENSES 64,316. CLUBHOUSE GROUNDS: TOTAL EXPENSES 63,842. HALFWAY HOUSE: TOTAL EXPENSES 39,025. RP TEACHING CENTER: TOTAL EXPENSES 18,345. POSTAGE: TOTAL EXPENSES 11,203. TELEPHONE: TOTAL EXPENSES 8,479. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT -24,272. TOTAL TO FORM 990, PART XI, LINE 5: -24,272. 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. THE TAXPAYER DEPENDED ON THE TAX ADVISOR TO KNOW THE RULES OF E-FILING. THE TAX ADVISOR OVERLOOKED THE ASSET TOTAL OF OVER $10 MILLION AND THE TAXPAYER MAILED IN THE FORM 990 TIMELY. THE TAXPAYER HAS A GOOD RECORD OF FILING TAX RETURNS TIMELY. PLEASE ACCEPT THIS LATE E-FILED RETURN DUE TO REASONABLE CAUSE. THE TAX ADVISOR HAS BEEN NOTIFIED TO UPDATE THEIR RECORDS TO E-FILE IN THE FUTURE.