2024-11-15T10:17:34-06:00 2023-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2023-01-01 741049861 RIDGEWOOD COUNTRY CLUB RIDG 2547720160 PO BOX 7277 WACO TX 767147277 JIM THERRELL PRESIDENT 2547720160 2024-11-15 1 0 MIKE LUCAS CPA P00581536 2547724901 2023 2024-10-15 13:58:12Z JIM THERRELL PO BOX 7277 WACO TX 767147277 12568442 0 X WWW.RIDGEWOODWACO.COM X 1946 TX THE PURPOSE FOR WHICH THE CLUB IS FORMED IS NOT TO MAKE PROFIT, BUT TO OWN, ESTABLISH AND MAINTAIN A SOCIAL ORGANIZATION WITH CLUBHOUSE, GOLF COURSE, SWIMMING POOL, TENNIS COURTS, MARINA, AND SUCH OTHER RECREATIONAL FACILITIES AS MAY FROM TIME TO TIME BE AUTHORIZED BY THE DIRECTORS OF THE CLUB. 16 16 210 0 454911 30063 7050489 9373319 844867 602167 96291 -265747 1685513 1450493 9677160 11160232 0 0 0 0 5514735 5384503 0 0 0 3432095 3804149 8946830 9188652 730330 1971580 11556750 16849846 4951498 8204742 6605252 8645104 X THE PURPOSE FOR WHICH THE CLUB IS FORMED IS NOT TO MAKE PROFIT, BUT TO OWN, ESTABLISH AND MAINTAIN A SOCIAL ORGANIZATION WITH CLUBHOUSE, GOLF COURSE, SWIMMING POOL, TENNIS COURTS, MARINA, AND SUCH OTHER RECREATIONAL FACILITIES AS MAY FROM TIME TO TIME BE AUTHORIZED BY THE DIRECTORS OF THE CLUB. 0 0 3788925 CLUBHOUSE ACTIVITIES: APPROXIMATELY 975 MEMBERS USE THE CLUBHOUSE FOR PARTIES AND CIVIC/PROFESSIONAL FUNCTIONS THROUGHOUT THE YEAR. APPROXIMATELY 14,000 USAGES OCCUR PER YEAR 2560385 GOLF COURSE: APPROXIMATELY 625 MEMBERS USE THE GOLF COURSE THROUGHOUT THE YEAR WITH AN ESTIMATED 1,500 ROUNDS OF GOLF PLAYED 563023 TENNIS: ALL MEMBERS HAVE ACCESS TO THE TENNIS COURTS THROUGHOUT THE YEAR WITH AN ESTIMATED 20,000 SETS PLAYED 188620 SWIMMING POOL: ALL MEMBERS HAVE ACCESS TO THE POOL FOR 5 MONTHS OF THE YEAR. THE POOL WAS UTILIZED BY APPROXIMATELY 975 MEMBERS WITH AN ESTIMATED 6,500 PEOPLE SWIMMING. 515662 MARINA: APPROXIMATELY 975 MEMBERS HAVE ACCESS TO THE MARINA CLUB FACILITIES THROUGHOUT THE YEAR WITH THE MAJORITY OF USE OCCURING IN THE SUMMER MONTHS. 284597 LOCKER ROOM & FITNESS: ALL MEMBERS HAVE ACCESS TO THE LOCKER ROOM AND FITNESS FACILITIES IN CONJUNCTION WITH OTHER CLUBHOUSE ACTIVITIES. 988879 7901212 0 0 0 0 0 0 0 0 1 1 0 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 1 100 0 1 210 1 1 1 0 0 0 0 0 0 252710 682797 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 0 0 1 1 1 0 X MICHAEL COWAN 2547720160 7301 FISHPOND ROAD WACO TX 76710 JIM BOWEN JANUARY - MARCH PRESIDENT 0.50 X X 0 0 0 ANDY MCSWAIN APRIL - DECEMBER PRESIDENT 0.50 X X 0 0 0 ANDY MCSWAIN JANUARY - MARCH VICE PRESIDENT 0.50 X X 0 0 0 JIM THERRELL APRIL - DECEMBER VICE PRESIDENT 0.50 X X 0 0 0 MATT MORRISON APRIL - DECEMBER SECRETARY/TREASURER 0.50 X X 0 0 0 JIM THERRELL JANUARY - MARCH SECRETARY/TREASURER 0.50 X X 0 0 0 PAM KREUZBURG JANUARY - MARCH PAST PRESIDENT 0.50 X X 0 0 0 JIM BOWEN APRIL - DECEMBER PAST PRESIDENT 0.50 X X 0 0 0 MARK MCLEAN APRIL - DECEMBER DIRECTOR 0.50 X 0 0 0 BART ROMIG JANUARY - DECEMBER DIRECTOR 0.50 X 0 0 0 CARY DUPUY APRIL - DECEMBER DIRECTOR 0.50 X 0 0 0 AIMEE WOOD APRIL - DECEMBER DIRECTOR 0.50 X 0 0 0 JOHN STEPHENS APRIL - DECEMBER DIRECTOR 0.50 X 0 0 0 CLINT WEAVER JANUARY - MARCH DIRECTOR 0.50 X 0 0 0 JULIE CRUNK JANUARY - MARCH DIRECTOR 0.50 X 0 0 0 KEM BARRETT JANUARY - DECEMBER DIRECTOR 0.50 X 0 0 0 TAYLOR BLEDSOE JANUARY - MARCH DIRECTOR 0.50 X 0 0 0 DR MARTIN STARR APRIL - DECEMBER DIRECTOR 0.50 X 0 0 0 ROBERT DEATON JANUARY - DECEMBER DIRECTOR 0.50 X 0 0 0 GARY HORNUNG JANUARY - DECEMBER DIRECTOR 0.50 X 0 0 0 JERRY MILLER JANUARY - DECEMBER DIRECTOR 0.50 X 0 0 0 MATT MORRISON JANUARY - MARCH DIRECTOR 0.50 X 0 0 0 EVAN O'DONNELL JANUARY - MARCH DIRECTOR 0.50 X 0 0 0 KEVIN POYNTER JANUARY - DECEMBER DIRECTOR 0.50 X 0 0 0 WELDON RATLIFF JANUARY - DECEMBER DIRECTOR 0.50 X 0 0 0 KATIE SNAPP JANUARY - MARCH JUNIOR REPRESENTATIVE 0.50 X 0 0 0 MADISON GOSS APRIL - DECEMBER JUNIOR REPRESENTATIVE 0.50 X 0 0 0 WILLIAM HORTON GENERAL MANAGER 50.00 X 302544 0 21375 MICHAEL COWAN CONTROLLER 45.00 X 162872 0 22604 JAMES CUNNINGHAM HEAD GOLF PRO 50.00 X 166411 0 23351 JON SNIDER GOLF COURSE SUPERINTENDENT 45.00 X 187180 0 8113 JULIEN CURATELLA TENNIS PRO 45.00 X 155052 0 10444 TARA TURNER ASST MANAGER - SALES 45.00 X 158927 0 15577 DAVID HILL FITNESS DIRECTOR 45.00 X 126374 0 15466 1259360 0 116930 7 0 1 0 FLEETWOOD SERVICES 4311 WILLOW STREET DALLAS TX 75226 GOLF COURSE CONTRACTOR 2339930 TRIPP DAVIS AND ASSOCIATES PO BOX 319 NORMAN OK 73070 GOLF COURSE ARCHITECT 497411 UNITED HEALTHCARE INSURANCE COMPANY P O BOX 94017 PALATINE IL 600944017 HEALTH INS PREMIUMS 326751 MOGOTES CONCRETE INC 7204 AUTUMN PARK DR FOREST HILL TX 76140 CART PATH CONSTRUCTION 199276 CENTECH SECURITY AUDIO & VIDEO 600 WHEATLAND DRIVE MCGREGOR TX 76657 CLUBHOUSE A/C INSTALLATION 121145 7 9008969 364350 9373319 SWIMMING/TENNIS/FITNESS FEES 713910 421063 421063 CLUB STORAGE/LOCKER RENT 713910 87838 87838 GOLF CART RENTAL/GREEN FEES 713910 45888 45888 LATE FEES/ADJUSTMENTS 713910 38940 38940 REBATES/REIMBURSEMENTS 713910 3663 3663 4775 4775 602167 31063 31063 281810 15000 -281810 -15000 -296810 -281810 -15000 2549663 1111400 1438263 1026645 411618 RAMBLER ADVERTISING INCOME 513120 12230 12230 12230 11160232 1347002 454911 -15000 509395 420412 88983 4130541 3473879 656662 26220 15779 10441 337093 283318 53775 381254 321179 60075 5815 5815 27125 27125 153911 137697 16214 385555 340927 44628 1193865 1100444 93421 874 874 133745 115163 18582 1057126 1034589 22537 324047 301527 22520 MEMBER SERVICES 376409 228771 147638 MISCELLANEOUS EXPENSES 154670 134397 20273 BAD DEBT EXPENSE 3524 3034 490 NON QUAL COMP -12517 -10778 -1739 9188652 7901212 1287440 0 569524 494132 952278 977053 1169218 2005165 250745 254896 347995 203319 30390295 17484473 8254828 12905822 12162 9459 11556750 16849846 316964 575681 2124193 2208442 1478599 4311809 1031742 1108810 4951498 8204742 X 6605252 8645104 6605252 8645104 11556750 16849846 X 1971580 68272 X X 0 1 X 1 0 X 6263459 6365189 6508597 6803764 9008969 34949978 3363296 2454465 3729552 3339726 2423820 15310859 9626755 8819654 10238149 10143490 11432789 50260837 0 0 0 50260837 4335 3791 2242 3667 31063 45098 4335 3791 2242 3667 31063 45098 45809 0 45809 9676899 8823445 10240391 10147157 11463852 50351744 0.99820 0.99870 0.00090 0.00030 X 366326 1786129 1239 1778030 375664 415307 1174741 1119 1224841 366326 402344 1073509 1100 1061646 415307 320240 952971 1382 872249 402344 521034 889983 2878 1093655 320240 1.00000 0 0 721637 721637 11167248 9083325 2083923 18501410 8401148 10100262 12905822 ACCRUED PAYROLL & SALES TAXES 782744 OTHER ACCRUED LIABILITIES 86440 ACCRUED PROPERTY TAXES 239626 1108810 X 12568442 1111400 1111400 11457042 -296810 -296810 11160232 10596862 1111400 1111400 9485462 -296810 -296810 9188652 PART V, LINE 4: THESE FUNDS ARE CAPITAL DUES SET ASIDE FOR CAPITAL EXPENDITURES THAT MUST BE APPROVED BY THE BOARD OF DIRECTORS. PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CLUB'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE CLUB HAD UNRELATED BUSINESS INCOME FROM ITS INVESTMENTS IN THE YEARS ENDED DECEMBER 31, 2023 AND 2022. ANY ASSOCIATED INCOME TAX EXPENSE WAS NOT MATERIAL TO THE CLUB FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, AS THE TAXES WERE MOSTLY OFFSET BY AVAILABLE CREDITS. THERE WERE NO UNCERTAIN TAX POSITIONS. THE CLUB'S INCOME TAX FILINGS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") GENERALLY FOR THREE YEARS AFTER IT IS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES OFFSET AGAINST REVENUE ON 990 1,111,400. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS INCLUDED IN REVENUE ON 990 -281,810. INSURANCE PROCEEDS OFFSET AGAINST EXPENSES IN AUDIT -15,000. BAD DEBT COLLECTIONS OFFSET AGAINST EXPENSES IN AUDIT PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES OFFSET AGAINST REVENUE ON 990 1,111,400. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS INCLUDED IN REVENUE ON 990 -281,810. INSURANCE PROCEEDS OFFSET AGAINST EXPENSES IN AUDIT -15,000. BAD DEBT COLLECTIONS OFFSET AGAINST EXPENSES IN AUDIT 1 X 0 0 0 WILLIAM HORTON GENERAL MANAGER 259794 0 42750 0 0 0 8775 0 12600 0 323919 0 0 0 JON SNIDER GOLF COURSE SUPERINTENDENT 155600 0 31580 0 0 0 1946 0 6167 0 195293 0 0 0 JAMES CUNNINGHAM HEAD GOLF PRO 131840 0 34571 0 0 0 5488 0 17863 0 189762 0 0 0 MICHAEL COWAN CONTROLLER 133852 0 29020 0 0 0 4741 0 17863 0 185476 0 0 0 TARA TURNER ASST MANAGER - SALES 82986 0 75941 0 0 0 4146 0 11431 0 174504 0 0 0 JULIEN CURATELLA TENNIS PRO 48879 0 106173 0 0 0 4277 0 6167 0 165496 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS PURCHASE SHARES IN THE CLUB AT VARIOUS LEVELS. AT THE END OF 2023, THERE WERE 406 SHAREHOLDER MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE SELECTED BY THE MEMBER STOCKHOLDERS. FORM 990, PART VI, SECTION B, LINE 11B INDEPENDENT CPA PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 15 ORAL AND WRITTEN REVIEW AND EVALUATIONS PREPARED BY DEPARTMENT HEADS FOR ALL EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE AT THE ANNUAL STOCKHOLDER MEETING IN MARCH AND ALSO UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CAPITAL STOCK ISSUED OR SUBSCRIBED 116,886. CAPITAL STOCK SURRENDERED AND RE-ISSUED, NET -48,614. FORM 990, PART XI, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.