2011-10-28T14:47:39-05:00 2010-12-31 RSM MCGLADREY INC 5801 PELICAN BAY BLVD STE500 NAPLES FL 341082734 990 2010-01-01 650066096 THE FOREST COUNTRY CLUB INC FORE 2394828378 6100 CLUB BLVD SW FT MYERS FL 33908 AL SCHMID 2394828378 2011-09-08 1 CYNTHIA A LOFTUS 2395964518 2010 2016-03-07 17:11:31Z JOHN K GODRE 6100 CLUB BLVD SW FT MYERS FL 33908 6185751 0 X WWW.THEFORESTCC.COM X 1988 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 8 8 152 0 406705 0 0 0 4897306 4782213 -271 -258779 820487 896155 5717522 5419589 0 0 0 0 3469956 3468208 0 0 0 3173068 3074359 6643024 6542567 -925502 -1122978 11119235 11866703 2979569 4419859 8139666 7446844 THE FOREST COUNTRY CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS TWO 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 12/31/10 WAS APPROXIMATELY 40,290 OF WHICH APPROXIMATELY 4,644 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 12/31/10 WAS $1,343,559 OF WHICH $203,168 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 1 0 0 0 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 34 0 1 152 1 1 1 0 0 0 1 1 0 482014 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X CHRIS BRUHNKE 2394828378 6100 CLUB BLVD SW FORT MYERS FL 33908 JOHN K GODRE 1.00 X X 0 0 0 PAUL BEN-SUSAN 1.00 X X 0 0 0 NORMAN ACHEN 1.00 X X 0 0 0 RICHARD STOUFER 1.00 X X 0 0 0 DAVID F HAINES 1.00 X 0 0 0 CLYDE S SEVERSON 1.00 X 0 0 0 JAMES B WISER 1.00 X 0 0 0 ALLYN G SCHMID 1.00 X 0 0 0 CHRIS BRUHNKE 40.00 X X 148287 0 0 WILLIAM HARLEY 40.00 X 96082 0 0 WALTER C THIGPEN 40.00 X 84218 0 0 STACEY E PERSINGER 40.00 X 105226 0 0 MATTHEW P CANN 40.00 X 100095 0 0 353608 0 0 3 0 0 0 0 MEMBERSHIP DUES 713910 3632661 3632661 GREENS AND CART FEES 713910 1077665 798819 278846 LOCKER RENTALS 713910 61912 61912 OTHER GOLF REVENUE 713910 9975 9975 4782213 1230 1230 260009 -260009 -260009 -260009 1343559 506153 837406 710777 126629 MISCELLANEOUS 713910 58189 58189 TENNIS FEES 713910 560 560 58749 5419589 5272893 406705 -260009 2852545 139952 475711 22598 963002 149806 GOLF COURSE MAINTENANCE 804115 CLUBHOUSE 340789 GOLF ACTIVITIES 212466 RESTAURANT 189842 ADMINISTRATIVE 154607 237134 6542567 629095 389135 367718 368851 57232 65134 175984 228074 22548931 11743021 9812179 10805910 77027 9599 11119235 11866703 853399 762502 1706595 1620377 1433230 419575 603750 2979569 4419859 X 8139666 7446844 8139666 7446844 11119235 11866703 X -1122978 430156 X X 0 1 1 X 0 4814083 4814083 6211000 4116922 2094078 3108829 2736136 372693 8415019 4889963 3525056 10805910 REFUNDABLE CAPITAL ASSESSMENTS 215000 DEFERRED LIFE MEMBERS 302750 DEFERRED EQUITY EXCHANGE MEMBERS 86000 603750 5419589 6542567 -1122978 430156 430156 -692822 5925742 506153 506153 5419589 0 5419589 7048720 506153 506153 6542567 0 6542567 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED NEW GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE CLUB ADOPTED THIS NEW GUIDANCE FOR THE YEAR ENDED DECEMBER 31, 2009. MANAGEMENT EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT THE CLUB HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 8 - OTHER ADJUSTMENTS: CAPITAL ASSESSMENTS 337,440. MEMBERSHIP ISSUANCES AND TRANSFERS -188,484. BEAR COURSE RENOVATION ASSESSMENTS 281,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 506,153. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 506,153. 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 THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: EQUITY MEMBERS HAVE VOTING PRIVILEGES AND USE OF ALL FACILITIES (GOLF, SOCIAL, TENNIS, EQUITY EXCHANGE, AND LEE EXECUTIVE). FORM 990, PART VI, SECTION A, LINE 7B SPECIAL CAPITAL PURCHASES, ANY DEBT OVER $200,000 AND ANY CHANGES TO THE BY-LAWS ARE SUBJECT TO MEMBERSHIP APPROVAL. 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 GENERAL MANAGER (GM) AND TREASURER. THE GM AND TREASURER REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARES PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY DURING MONTHLY BOARD MEETINGS AND THE REVIEWING OF ALL CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 GENERAL MANAGER REVIEWS EACH DEPARTMENT MANAGER AND PROVIDES SUGGESTED SALARY LEVEL TO THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE APPROVES AND THE BOARD REVIEWS THE DEPARTMENT MANAGERS' CONTRACTS. THE COMPENSATION COMMITTEE PRESENTS TO THE BOARD THE REVIEW OF THE GENERAL MANAGER AND THE SUGGESTED COMPENSATION. THE BOARD APPROVES THE GENERAL MANAGER'S COMPENSATION. 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 PROVIDES COPIES UPON REQUEST AND BY INSPECTION AT CLUB OF THE CONFLICT OF INTEREST POLICY, THE GOVERNING DOCUMENTS, AND THE FINANCIAL STATEMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CAPITAL ASSESSMENTS 337,440. MEMBERSHIP ISSUANCES AND TRANSFERS -188,484. BEAR COURSE RENOVATION ASSESSMENTS 281,200. TOTAL TO FORM 990, PART XI, LINE 5: 430,156. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.