2024-09-10T11:35:12-05:00 2023-12-31 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2023-01-01 580522414 THE STANDARD CLUB STAN 7704970055 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 MICHAEL JACOBSON PRESIDENT 7704970055 2024-08-24 1 1 GARY H BOTELER P00052048 7703948000 2024-08-24 2023 2024-08-08 14:25:15Z MICHAEL JACOBSON 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 11514896 0 X WWW.STANDARDCLUB.ORG X 1867 GA WE STRIVE TO PROVIDE ALL MEMBERS WITH THE FINEST OF FACILITIES AND THE BEST IN SERVICE WHILE MAINTAINING THE HIGHEST STANDARDS OF GRACIOUS HOSPITALITY AND PRESERVING THE STANDARD CLUB'S FINE REPUTATION AND TRADITION OF EXCELLENCE. 7 7 0 0 338279 63929 0 0 6273501 9885626 0 77361 535639 627576 6809140 10590563 0 0 0 0 0 0 0 0 0 6782471 7416906 6782471 7416906 26669 3173657 17178975 20913131 4451087 5017586 12727888 15895545 WE STRIVE TO PROVIDE ALL MEMBERS WITH THE FINEST OF FACILITIES AND THE BEST IN SERVICE WHILE MAINTAINING THE HIGHEST STANDARDS OF GRACIOUS HOSPITALITY AND PRESERVING THE STANDARD CLUB'S FINE REPUTATION AND TRADITION OF EXCELLENCE. 0 0 PROVIDE GOLF, TENNIS, SWIMMING, FITNESS, LOCKER ROOMS, AND DINING FACILITIES FOR THE BENEFIT OF THE MEMBERS AND THEIR GUESTS. 0 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 1 71 0 1 0 1 1 0 0 0 1 1 4379032 0 0 0 0 X 7 7 0 1 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X X TROON CLUB MANAGEMENT 7704970055 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 X X JEFFREY KAPLIN TREASURER 1.00 X X 0 0 0 ROBERT FRIEDMAN SECRETARY 1.00 X X 0 0 0 DAVID WEINTRAUB BOARD MEMBER 1.00 X 0 0 0 MICHAEL JACOBSON PRESIDENT 1.00 X 0 0 0 DON ARONIN VICE PRESIDENT 1.00 X X 0 0 0 ALAN COHEN BOARD MEMBER 1.00 X 0 0 0 ROBERT KWATNEZ BOARD MEMBER 1.00 X 0 0 0 JOE LANGFORD GENERAL MANAGER 50.00 X 0 0 0 0 0 0 0 0 0 0 TROON GOLF LLC 15044 N SCOTTSDALE ROAD SUITE 300 SCOTTSDALE AZ 85254 MANAGEMENT SERVICES 3476440 TALENT GOLF AND LANDSCAPING 5640 SWALLOWTAIL TERRACE THE VILLAGES FL 32163 GOLF LESSONS AND LANDSCAPING 982361 DARKO & BYRD TENNIS LLC 3156 CHRISTOPHERS BEND ELLENWOOD GA 30294 TENNIS ACADEMY AND LESSONS 279691 PTP CONSTRUCTION SERVICES LLC 391 CONYERS ROAD LOGANVILLE GA 30052 CONSTRUCTION 267980 HIGHLAND TURF SOLUTIONS LLC PO BOX 218 ELK PARK NC 28622 MAINTENANCE 253631 5 CAPITAL CHARGES AND ASSESSMENTS 713910 4379032 4379032 MEMBERSHIP DUES 713910 3397842 3397842 GOLF/TENNIS ACTIVITIES 713910 2108752 2038464 70288 9885626 77361 77361 1543454 924333 619121 428491 190630 OTHER INCOME 713910 8455 8455 8455 10590563 10252284 338279 0 1585 34165 471020 78878 480791 107922 1141660 115768 OUTSIDE SERVICES 3180510 GOLF COURSE MAINTENANCE 659541 PRO SHOP SERVICES 328194 REPAIRS & MAINTENANCE 319835 497037 7416906 1508174 2861495 224547 534547 190414 178025 29226 100351 42849007 27522767 13105510 15326240 2121104 1912473 17178975 20913131 252376 1109888 13300 14750 2801790 2656018 1383621 1236930 4451087 5017586 X 12727888 15895545 12727888 15895545 17178975 20913131 X 3173657 -6000 X X 0 1 X 1 0 7974234 7974234 16052738 13788268 2264470 1208427 941954 266473 17613608 12792545 4821063 15326240 DEFERRED COMPENSATION 637616 FINANCING LEASE 416659 ROU ASSETS 858198 1912473 DEFERRED COMPENSATION 637616 ROU ASSET LIABILITY 599314 1236930 X 11514896 924333 924333 10590563 0 10590563 8341239 924333 924333 7416906 0 7416906 PART X, LINE 2: UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, THE CLUB IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM INVESTMENT INCOME, NONMEMBER INCOME AND CORPORATE MEMBERSHIPS. THE CLUB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 924,333. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 924,333. FORM 990, PART VI, SECTION A, LINE 3 ON APRIL 1, 2019, THE STANDARD CLUB ENTERED INTO A PRIVATE GOLF CLUB FACILITY MANAGEMENT AGREEMENT WITH TROON GOLF, LLC FOR MANAGEMENT AND OPERATION OF THE CLUB AS WELL AS VARIOUS CENTRALIZED AND SHARED ACCOUNTING SERVICES. THE TERM OF THE AGREEMENT RUNS FROM APRIL 1, 2019 THROUGH DECEMBER 31, 2024, WITH AUTOMATIC ANNUAL RENEWALS ON JANUARY 1 OF THE SUCCEDING YEAR UNLESS THE CLUB WISHES TO CANCEL THE AGREEMENT BY GIVING ADVANCE NOTICE TO TROON. FORM 990, PART VI, SECTION A, LINE 4 THERE WERE AMENDMENTS TO THE CLUB'S BYLAWS IN DECEMBER 2023. THESE CHANGES ALLOWS THE GOVERNING BOARD TO AUTHORIZE VOTING BY ELECTRONIC TRANSMISSION ONLY UPON CONDITIONS DETERMINED BY THE GOVERNING BOARD AND ONLY IN ACCORDANCE WITH THE GEORGIA NONPROFIT CORPORATION CODE. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO CATEGORIES OF MEMBERSHIP: PROPRIETARY AND NON-PROPRIETARY. PROPRIETARY AND NON-PROPRIETARY MEMBERS SHALL HAVE THE RIGHT TO VOTE AT MEMBERSHIP MEETINGS AND SHALL HAVE THE RIGHT TO HOLD OFFICE. PROPRIETARY MEMBERS SHALL BE DEEMED OWNERS OF THE PROPERTY OF THE CLUB AND NON-PROPRIETARY MEMBERS ARE DEEMED TO HAVE NO OWNERSHIP INTEREST IN THE PROPERTY OF THE CLUB. ONLY PROPRIETARY MEMBERS IN GOOD STANDING SHALL HAVE THE RIGHT TO VOTE UPON THE SALE, EXCHANGE, CONVEYANCE, TRANSFER, MORTGAGE, OR PLEDGE OF ALL, OR SUBSTANTIALLY ALL OF THE ASSETS AND PROPERTIES OF THE CLUB, OR UPON DISSOLUTION, OR WINDING UP OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: PROPRIETARY AND NON-PROPRIETARY MEMBERS OF ANY CLASS, IN GOOD STANDING, SHALL HAVE THE RIGHT TO VOTE AT MEMBERSHIP MEETINGS AND SHALL HAVE THE RIGHT TO HOLD OFFICE. THE MEMBERSHIP VOTES FOR WHICH MEMBERS ARE ELECTED TO THE BOARD OF GOVERNORS. THE BOARD MEMBERS SHALL ELECT MEMBERS IN GOOD STANDING TO FILL VACANCIES IN THE BOARD TO SERVE UNTIL THE NEXT ANNUAL MEETING OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7B BOTH PROPRIETARY AND NON-PROPRIETARY MEMBERS HAVE THE RIGHT TO VOTE AT MEMBERSHIP MEETINGS. ONLY PROPRIETARY MEMBERS, IN GOOD STANDING, CAN VOTE UPON THE SALE, EXCHANGE, CONVEYANCE, TRANSFER, MORTGAGE, OR PLEDGE OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS AND PROPERTIES OF THE CLUB, OR UPON DISSOLUTION, OR WINDING UP OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, THE FORM IS FIRST REVIEWED BY THE GENERAL MANAGER AND CONTROLLER FOR ACCURACY. THE FORM IS THEN PRESENTED TO THE TREASURER, WHO CAN REPORT ITS CONTENTS TO THE EXECUTIVE BOARD. THE CLUB PRESIDENT THEN SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM UPON HIRE, AND MUST UPDATE/SIGN AT THE START OF EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 DIRECTORS AND OFFICERS ARE NOT COMPENSATED. THE BOARD SETS THE GENERAL MANAGER'S SALARY AND THE GENERAL MANAGER WITH THE APPROVAL FROM THE BOARD OF DIRECTORS SET THE DEPARTMENT HEAD SALARIES. FORM 990, PART VI, SECTION C, LINE 18 COPY AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS WILL BE MADE AVAILABLE UPON REQUEST. FORM 900, PART VII, SECTION A. GENERAL MANAGER, JOE LANGFORD, IS COMPENSATED BY TROON GOLF, LLC, THE MANAGEMENT COMPANY FOR THE CLUB. FORM 990, PART XI, LINE 9: PROPRIETARY CERTIFICATES ISSUED (REDEEMED) -6,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.