2023-11-14T13:23:08-06:00 2022-12-31 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-01-01 580522414 THE STANDARD CLUB STAN 7704970055 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 MARK GOODMAN PRESIDENT 7704970055 2023-11-13 1 MARK GOODMAN 999009999 1 GARY H BOTELER P00052048 7703948000 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK GOODMAN 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 7599760 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. 8 8 0 0 36398 0 0 0 5444374 6273501 -31618 0 238097 535639 5650853 6809140 0 0 0 0 0 0 0 0 0 5995964 6782471 5995964 6782471 -345111 26669 15932702 17178975 3253483 4451087 12679219 12727888 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 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 1 33 0 1 0 1 1 0 0 0 1 1 936138 0 0 0 0 X 8 8 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X X PHYLLIS ROBINSON 7704970055 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 X X MARK GOODMAN PRESIDENT 1.00 X X 0 0 0 STEPHEN A WINTER VICE PRESIDENT 1.00 X X 0 0 0 JEFF KAPLIN TREASURER 1.00 X X 0 0 0 ROBERT FRIEDMAN SECRETARY 1.00 X X 0 0 0 DAVE WEINTRAUB DIRECTOR 1.00 X 0 0 0 MITCHELL IVES DIRECTOR 1.00 X 0 0 0 MICHAEL JACOBSON DIRECTOR 1.00 X 0 0 0 RENA HOLLAND DIRECTOR 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 3181658 EXCEL TREE CARE LLC 225 TIDWELL DRIVE ALPHAREAA GA 30004 MAINTENANCE 261495 HIGHLAND TURF SOLUTIONS LLC PO BOX 218 ELK PARK NC 28622 MAINTENANCE 258908 DARKO & BYRD LLC 3156 CHRISTOPHERS BEND ELLENWOOD GA 30294 TENNIS ACADEMY AND LESSONS 215603 4 MEMBERSHIP DUES 713910 3389476 3389476 GOLF/TENNIS ACTIVITIES 713910 1947887 1911489 36398 CAPITAL CHARGES AND ASSESSMENTS 713910 936138 936138 6273501 1292000 790620 501380 501380 OTHER INCOME 713910 34259 34259 34259 6809140 6772742 36398 0 28774 33055 430982 67444 454509 105456 1123160 105513 OUTSIDE SERVICES 2872353 GOLF COURSE MAINTENANCE 510562 PRO SHOP SERVICES 328953 REPAIRS & MAINTENANCE 297522 424188 6782471 1187425 1508174 297681 224547 121725 190414 83443 29226 39826073 26720563 13555419 13105510 687009 2121104 15932702 17178975 335249 252376 4575 13300 2226650 2801790 687009 1383621 3253483 4451087 X 12679219 12727888 12679219 12727888 15932702 17178975 X 26669 22000 X X 0 1 X 1 0 7974234 7974234 16063602 13475784 2587818 1162717 975405 187312 14625520 12269374 2356146 13105510 DEFERRED COMPENSATION 561259 ROU ASSETS 1074570 FINANCING LEASE 485275 2121104 DEFERRED COMPENSATION 561259 ROU ASSET LIABILITY 822362 1383621 X 7599760 790620 790620 6809140 0 6809140 7573091 790620 790620 6782471 0 6782471 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 AND NONMEMBER INCOME. 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, 2022 AND 2021, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS 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 790,620. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 790,620. 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 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 IT MONTHLY, IF ANY CHANGES OCCUR. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER POSITION IS REVIEWED BY THE PRESIDENT OF THE BOARD AND THE CLUB'S ATTORNEY. THE GOLF PRO, GOLF SUPERINTENDENT, AND TENNIS PRO POSITIONS ARE REVIEWED BY THE GENERAL MANAGER, WITH CONTRACTS SET UP BY THE PRESIDENT OF THE BOARD AND THE CLUB'S ATTORNEY. COMPARABLE COMPENSATION DATA IS USED FOR SIMILAR QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR CLUBS. 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 FOR INSPECTION AT THE CLUB. 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) 22,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.