2024-01-29T13:35:41-06:00 2023-03-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-04-01 650569727 PELICAN'S NEST GOLF CLUB INC PELI 2399472282 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 JAMES SAITZ TREASURER 2399472282 2024-01-19 1 JAMES SAITZ 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY SCHWANDT 4450 PELICANS NEST DR BONITA SPRINGS FL 341347911 11827041 0 X WWW.NESTGOLF.COM X 1995 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 147 15 419093 55103 0 0 8714972 8952571 4446 -201401 1859851 1615615 10579269 10366785 0 0 0 0 5094041 5454769 0 0 0 6319680 7006451 11413721 12461220 -834452 -2094435 34019545 38184146 7575139 8694776 26444406 29489370 PELICAN'S NEST GOLF 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 COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 03/31/23 WAS APPROXIMATELY 57,923 OF WHICH APPROXIMATELY 5,635 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $2,140,165 OF WHICH $14,003 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 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 1 40 0 1 147 1 1 1 0 0 0 1 1 0 364115 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 0 0 0 X TIM MAURAIS CONTROLLER 2399472282 4450 PELICANS NEST DRIVE BONITA SPRINGS FL 34134 GARY SCHWANDT PRESIDENT 1.00 X X 0 0 0 GEORGE HAMILTON VICE PRESIDENT 1.00 X X 0 0 0 JIM SAITZ TREASURER 1.00 X X 0 0 0 NANCY LOOMIS SECRETARY 1.00 X X 0 0 0 WAYNE BAUMAN DIRECTOR 1.00 X 0 0 0 SARA HADLEY DIRECTOR 1.00 X 0 0 0 ALAN SHEETS DIRECTOR 1.00 X 0 0 0 MIKE BIGFORD DIRECTOR 1.00 X 0 0 0 DENNIS BURKE DIRECTOR 1.00 X 0 0 0 DAVID GILLESPIE COO 40.00 X 279742 0 18953 TIM MAURAIS CONTROLLER 40.00 X 173280 0 26321 DANIEL GAWRONSKI DIRECTOR OF GOLF 40.00 X 143135 0 7314 CARMINE SPRIO DIRECTOR OF FOOD & BEVERAG 40.00 X 110509 0 10218 JOE SZLACHETKA EXECUTIVE CHEF 40.00 X 128381 0 9239 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUN 40.00 X 176932 0 10546 1011979 0 82591 7 0 1 0 BLUE CROSS BLUE SHIELDS OF FLORIDA PO BOX 660299 DALLAS TX 75266 HEALTH INSURANCE PROVIDER 458366 CHENEY BROTHERS INC 1 CHENEY WAY PUNTA GORDA FL 33982 FOOD VENDOR 453376 20 MEMBERSHIP DUES & ASSESSMENTS 713910 6783147 6783147 GREEN & GOLF CART FEES 713910 1881828 1570689 311139 OTHER GOLF REVENUE 713910 249883 249883 UNUSED FOOD AND BEVERAGE MINIMUM 713910 37713 37713 8952571 62800 62800 500 264701 -264201 -264201 -264201 2562286 1195555 1366731 1323077 43654 INTEREST RATE SWAP 713910 212985 212985 MISCELLANEOUS 713910 34399 34399 DESIGNATED USER FEES 713910 1500 1500 248884 10366785 10211893 419093 -264201 X 4471673 983096 385182 1533399 403280 GOLF COURSE MAINTENANCE 2041763 CLUBHOUSE 637244 GENERAL & ADMINISTRATIV 501697 FOOD AND BEVERAGE 450811 1053075 12461220 8045920 5621148 1080162 1202107 258309 346417 235051 229102 42780749 14985475 24391271 27795274 1985120 8832 1004978 34019545 38184146 855630 898579 14579 20255 6704930 7775942 7575139 8694776 X 26444406 29489370 26444406 29489370 34019545 38184146 X -2094435 5139399 X X 0 1 X 1 0 6882185 6882185 12297470 3667044 8630426 5241788 3020346 2221442 18359306 8298085 10061221 27795274 US TREASURY SECURITY 1985120 F 1985120 NOTES PAYABLE 6879293 CURRENT OPERATING LEASE LIABILITY 553960 CURRENT FINANCE LEASE LIABILITY 30039 OPERATING LEASE LIABILITY 284516 FINANCE LEASE LIABILITY 28134 7775942 X 11562340 1195555 1195555 10366785 0 10366785 13656775 1195555 1195555 12461220 0 12461220 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISION OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARD CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,195,555. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,195,555. X X 0 0 0 DAVID GILLESPIE COO 259346 0 20000 0 396 0 0 0 18953 0 298695 0 0 0 TIM MAURAIS CONTROLLER 157280 0 16000 0 0 0 0 0 26321 0 199601 0 0 0 JASON ZIMMERMAN DIRECTOR OF GREENS & GROUN 164932 0 12000 0 0 0 0 0 10546 0 187478 0 0 0 DANIEL GAWRONSKI DIRECTOR OF GOLF 129135 0 14000 0 0 0 0 0 7314 0 150449 0 0 0 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 FULL (2 VOTES) AND SINGLE (1 VOTE) GOLF MEMBERS ARE THE ONLY MEMBERSHIP CATEGORIES WHICH HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF MEMBERSHIPS VOTE ON OPERATING BUDGET, CAPITAL BUDGET, ELECT BOARD MEMBERS, AND VOTE ON BYLAW CHANGES (2/3RD VOTE). FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND TREASURER RECEIVE A COPY OF THE RETURN BEFORE FILING. THE CONTROLLER AND TREASURER REVIEW TO THE NECESSARY EXTENT. IF ANY QUESTIONS ARISE, THEY ARE DISCUSSED WITH THE TREASURER OR THE OUTSIDE CPA IF NEEDED. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AS A GENERAL POLICY THAT MEMBERS ARE NOT PERMITTED TO CONDUCT BUSINESS WITH THE CLUB. GENERAL MANAGER MONITORS ALL NEW VENDOR ADDITIONS EACH MONTH. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND GENERAL MANAGER REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR ALL DEPARTMENT HEADS BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. ALL COMPENSATION BEYOND NORMAL PERCENTAGE INCREASE MUST BE APPROVED BY BOTH THE PRESIDENT AND GENERAL MANAGER. THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION ARRANGEMENTS FOR THE GENERAL MANAGER BASED ON THE COMPENSATION STUDY FOR COUNTRY CLUBS. 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 MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH INSPECTION AT THE CLUB. THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE. FORM 990, PART IX, LINE 24E GOLF ACTIVITIES 339,772. PROPERTY TAXES 335,148. HURRICANE EXPENSES 271,776. MARKETING 106,379. FORM 990, PART XI, LINE 9: CAPITAL IMPROVEMENT ASSESSMENTS 1,048,589. DEBT REDUCTION ASSESSMENTS 1,657,170. MEMBERSHIP CONTRIBUTIONS 2,433,640. FORM 990: PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.