2023-09-26T14:10:20-05:00 2023-03-31 840930288 BROCK AND COMPANY CPAS PC 3711 JFK PARKWAY SUITE 315 FORT COLLINS CO 80525 990 2022-04-01 840152905 BOULDER MUNICIPAL SPORTS CENTER INC DBA BOULDER COUNTRY CLUB BOUL 3035304600 7350 CLUBHOUSE RD BOULDER CO 80301 MICHAEL LARSON GENERAL MANAGER, COO 3035304600 2023-09-22 1 MICHAEL LARSON XXX-XX-XXXX 0 SID FAHSHOLTZ CPA P00779361 9702237855 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL LARSON 7350 CLUBHOUSE RD BOULDER CO 80301 13381317 0 X N/A X 1939 CO OFFERING QUALITY RECREATION WITH A COMMITMENT TO EXCELLENCE TO ALL MEMBERS IN AN EXCLUSIVE AND FRIENDLY ENVIRONMENT. 9 9 428 0 -48423 80771 0 0 9195579 9691184 -5309 92808 -1157867 -1338251 8032403 8445741 0 0 0 0 2894308 4914943 0 0 0 3682709 4307184 6577017 9222127 1455386 -776386 28942513 29413383 10225446 10113071 18717067 19300312 OFFERING QUALITY RECREATION WITH A COMMITMENT TO EXCELLENCE TO ALL MEMBERS IN AN EXCLUSIVE AND FRIENDLY ENVIRONMENT. 0 0 PROVIDE QUALITY GOLF FACILITIES AND EQUIPMENT FOR MEMBERS FOR UP TO 600 FAMILY-MEMBERSHIPS TO USE WITH FELLOW MEMBERS, FAMILY AND GUESTS. PROVIDE 50 MEMBER-TO-MEMBER COMPETITIVE EVENTS, AROUND 75 PROGRAMS AND CLINICS FOR THE MEN, WOMEN, AND JUNIOR GOLFING MEMBERS, AND 4 TO 5 DIFFERENT PROFESSIONALS TO TEACH LESSONS AND CLINICS FOR ALL AGES. PROVIDE QUALITY FOOD AND BEVERAGE SERVICES AND FACILITIES FOR UP TO 865 FAMILY-MEMBERSHIPS TO ENJOY WITH THEIR FELLOW MEMBERS, FAMILIES, AND THEIR GUESTS BEFORE AND AFTER RECREATIONAL ACTIVITIES. PROVIDE A PLACE FOR MEMBERS TO COME TO SOCIALIZE DURING LUNCH AND DINNER, AND 20-25 SPECIAL HOLIDAY AND SOCIAL CLUB EVENTS. PROVIDE QUALITY TRAINERS/TEACHERS/PROS, EQUIPMENT AND CLINICS/CLASSES FOR UP TO 865 FAMILY-MEMBERSHIPS TO ENJOY FITNESS, STRENGTH TRAINING, SWIMMING AND TENNIS FACILITIES WITH FELLOW MEMBERS, FAMILIES, AND THEIR GUESTS. THE ATHLETIC FACILITY WAS REMODELED TO MAKE MORE ROOM FOR GROUP AEROBIC EXERCISE CLASSES WITH OVER 25 INSTRUCTORS FOR ALL AGE MEMBERS; ADDED MASSAGE/SPA AREAS WITH 3-4 PHYSICAL THERAPISTS, AND VARIOUS SERVICES; CREATED A BETTER HANDICAP ACCESS FOR THE BUILDING TO MAKE THE BUILDING A SAFER, CLEANER SITE FOR ALL THE ATHLETIC USES. 0 0 0 0 0 0 0 0 0 1 0 0 1 0 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 31 0 1 428 1 1 1 0 0 0 0 1366632 508578 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X SUSAN POLLITT 3035304600 7350 CLUBHOUSE ROAD BOULDER CO 80301 GREG FREDERICK DIRECTOR 3.00 X 0 0 0 JAY ORRIS ADVISOR 3.00 X 0 0 0 SHAUN DAVIES PRESIDENT 3.00 X X 0 0 0 JD SHERRY DIRECTOR 3.00 X 0 0 0 BRADEN MARK VICE-PRESIDENT 3.00 X X 0 0 0 MARSHA VIGIL DIRECTOR 3.00 X 0 0 0 CHRISSY EISENHARD DIRECTOR 3.00 X 0 0 0 JEFF COHEN DIRECTOR 3.00 X 0 0 0 PETER GOULD DIRECTOR 3.00 X 0 0 0 EILEEN CHRISTENSON SECRETARY-TREASURER 3.00 X X 0 0 0 MICHAEL LARSON GENERAL MANAGER, COO 50.00 X 285871 0 19840 TIMOTHY PALKO COURSE SUPERINTENDENT 50.00 X 182854 0 34244 MICHAEL SUMMERS TENNIS PROFESSIONAL 40.00 X 160076 0 15125 KEVIN BOLLES GOLF DIRECTOR 50.00 X 133023 0 39008 BLAKE DAVENPORT ASSISTANT GENERAL MANAGER 40.00 X 126679 0 23617 STEPHEN MOODY EXECUTIVE CHEF 40.00 X 134632 0 21764 ALEXANDER VELY TENNIS PROFESSIONAL 40.00 X 100568 0 14055 SARAH FREISMUTH MEMBERSHIP DIRECTOR 40.00 X 109830 0 21927 1233533 0 189580 8 0 1 0 TOTAL TURF GOLF SERVICES INC 1965 BYBERRY RD HUNTINGDON VALLEY PA 19006 STAGING AREA REBUILD 322390 DILLER MECHANICAL 9250 BRUIN BLVD LONGMONT CO 80504 HVAC/EQUIPMENT REPAIR 290731 AVALANCHE COMMERCIAL CLEANING 4880 PEARL PKWY W101 BOULDER CO 80301 HOUSEKEEPING/CLEANING 146273 SYNERGI PARTNERS INC 151 W EVANS ST FLORENCE SC 29501 ERTC CALCULATIONS 115723 4 MEMBERSHIP DUES 713910 5966261 5966261 PROGRAM SERVICE REVENUE 713910 2544600 2480549 64051 CAPITAL RENOVATION FEES 713910 1180323 1180323 9691184 90685 90685 36805 70012 -33207 -33207 -33207 2123 0 2123 2123 2123 3510757 4865564 -1354807 -1184855 -169952 MISCELLANEOUS INCOME 713910 34229 34229 LATE CHARGE FEE 713910 15534 15534 49763 8445741 8494164 -48423 0 628801 3676298 116878 164808 328158 13165 26460 136493 229707 928264 134 19379 299179 1640261 39042 REPAIRS AND MAINTENANCE 363855 CHEMICALS/FERTILIZER 228403 MISCELLANOUS EXPENSES 191641 GOLF SHOP & TOURNAMENTS 92959 98242 9222127 769878 15786 1980433 2017869 312770 378608 149741 78422 39601499 17671781 22062801 21929718 3666890 4992980 28942513 29413383 1945234 2114728 21120 22344 8259092 7975999 10225446 10113071 X 350000 343000 0 0 18367067 18957312 18717067 19300312 28942513 29413383 X -776386 1359631 X 0 1 X 0 0 8748471 8748471 25269015 14756938 10512077 4408319 2914843 1493476 1175694 1175694 21929718 UNEARNED INITIATION RECEIVABLE 139965 LONG RANGE INVESTMENT 4295143 ROU ASSET 557872 4992980 X 14669596 6223855 6223855 8445741 0 8445741 14086350 4864223 4864223 9222127 0 9222127 PART X, LINE 2: THE CLUB UTILIZES PROVISIONS OF ASC 740, PERTAINING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE PRONOUNCEMENT REQUIRES THE USE OF A MORE-LIKELY-THAN-NOT RECOGNITION CRITERIA BEFORE AND SEPARATE FROM THE MEASUREMENT OF A TAX POSITION. AN ENTITY SHALL INITIALLY RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. WITH RESPECT TO THE CLUB, THIS WOULD PRIMARILY RELATE TO THE DETERMINATION OF UNRELATED BUSINESS TAXABLE INCOME, AND TO THE MAINTENANCE OF ITS TAX EXEMPT STATUS. MANAGEMENT HAS EVALUATED THE POLICIES AND PROCEDURES THAT HAVE BEEN IMPLEMENTED TO PROVIDE ASSURANCE THAT INCOME IS PROPERLY CHARACTERIZED AND ACTIVITIES THAT JEOPARDIZE ITS TAX EXEMPT STATUS ARE WITHIN LIMITS ESTABLISHED UNDER EXISTING TAX CODE AND REGULATIONS. MANAGEMENT HAS DETERMINED THE EFFECTS OF UNCERTAIN TAX POSITIONS ARE NOT MATERIAL TO THE CLUB FOR RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AND, ACCORDINGLY, NO INCOME TAX LIABILITY HAS BEEN RECORDED FOR UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. ALL INCOME TAX YEARS OPEN FOR EXAMINATION ARE SUBJECT TO TAXATION AT CORPORATE TAX RATES. THE TAX YEARS ENDED MARCH 31, 2020 THROUGH PRESENT ARE AVAILABLE FOR EXAMINATION AT MARCH 31, 2023. ADDITIONALLY, PENALTIES AND INTEREST MAY BE ASSESSED ON INCOME TAXES THAT ARE DELINQUENT. THE ASSESSMENT OF UNCERTAIN INCOME TAXES IS SUBJECT TO ESTIMATE, AND IT IS REASONABLY POSSIBLE THAT THE ESTIMATE MAY CHANGE IN THE NEAR TERM AND THE CHANGE MAY BE MATERIAL. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,865,564. INITIATION FEES 1,359,632. INTEREST ON EMPLOYEE RETENTION CREDIT -1,341. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,865,564. INTEREST ON EMPLOYEE RETENTION CREDIT -1,341. X X X X X 0 0 0 MICHAEL LARSON GENERAL MANAGER, COO 285871 0 0 0 0 0 10933 0 8907 0 305711 0 0 0 TIMOTHY PALKO COURSE SUPERINTENDENT 182854 0 0 0 0 0 8187 0 26057 0 217098 0 0 0 MICHAEL SUMMERS TENNIS PROFESSIONAL 160076 0 0 0 0 0 6492 0 8633 0 175201 0 0 0 KEVIN BOLLES GOLF DIRECTOR 133023 0 0 0 0 0 6244 0 32764 0 172031 0 0 0 STEPHEN MOODY EXECUTIVE CHEF 134632 0 0 0 0 0 5626 0 16138 0 156396 0 0 0 BLAKE DAVENPORT ASSISTANT GENERAL MANAGER 126679 0 0 0 0 0 5488 0 18129 0 150296 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A SOCIAL CLUB COMPRISED OF MEMBERS. A FEW MEMBERS STILL HAVE AN EQUITY PORTION FROM THE 1987 OFFER TO RAISE FUNDS TO BUILD THE INDOOR FACILITY. MEMBERS PAY AN INITIATION FEE TO BECOME A MEMBER OF THE CLUB AND GO THROUGH A CREDIT CHECK AND A PERSONAL APPROVAL PROCESS WITH THE MEMBERSHIP COMMITTEE. TWO CURRENT MEMBERS MUST SPONSOR A NEW MEMBER. THE BOARD THEN VOTES ON WHETHER TO ACCEPT THE PROSPECTIVE MEMBER BASED ON THE FINDINGS OF THE MEMBERSHIP COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS VOTE TO ELECT NINE OF THE TEN BOARD MEMBERS,WHO SERVE FOR THREE (STAGGERED) YEARS. THE PAST YEAR PRESIDENT SERVES AN ADDITIONAL YEAR AS ADVISOR TO THE BOARD. THE MEMBERS VOTE FOR BOARD MEMBERS AT THEIR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD MAY NOT ASSESS THE MEMBERSHIP FOR CAPITAL IMPROVEMENTS WITHOUT THE MAJORITY APPROVAL OF THE VOTING MEMBERSHIP. THE MEMBERS MUST ALSO VOTE ON ANY CHANGES TO THE BY-LAWS AND ANY MAJOR TRANSACTIONS CONCERNING THE LAND. THE VOTE IS CONDUCTED AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 GOES TO THE BOARD OF DIRECTORS AND IS REVIEWED AND DISCUSSED AT THEIR MEETING. THE COO SIGNS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN EXECUTIVE COMMITTEE TO DETERMINE COMPENSATION FOR THE GENERAL MANAGER AND HIGH LEVEL EMPLOYEES. THE COMMITTEE UTILIZES THE "CLUB MANAGERS ASSOCIATION" STATISTICS AND DATA FOR HIRING AND ANNUAL RAISES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS AVAILABLE TO THE MEMBERS ON ITS WEBSITE AND IN A MAILING. AN ABBREVIATED VERSION OF THE FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS ON THE WEBSITE AND IN A NEWS LETTER. FULL FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. NONE ARE PROVIDED TO THE GENERAL PUBLIC AT LARGE. FORM 990, PART XI, LINE 9: PLUS INITIATION FEES 1,366,632. CERTIFICATES -7,000. ROUNDING -1.