2022-05-14T13:41:51-05:00 2020-12-31 591954606 CAVANAUGH & CO LLP 2381 FRUITVILLE ROAD SARASOTA FL 34237 990 2020-01-01 650120044 TARA GOLF & COUNTRY CLUB INC TARA 9417567775 6602 DREWRYS BLUFF BRADENTON FL 34203 PHIL PARSH PRESIDENT 9417567775 2022-05-14 1 PHIL PARSH 999009999 R DUANE SAUNDERS P01272010 9413662983 2022-05-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREGORY BOHARDT 6602 DREWRYS BLUFF BRADENTON FL 34203 6670991 0 X WWW.TARAGCC.COM X 1988 FL TO PROVIDE ITS MEMBERS RECREATIONAL AND SOCIAL OPPORTUNITIES THROUGH QUALITY PRIVATE COUNTRY CLUB AND GOLF FACILITIES WITHIN A WELL MAINTAINED COMMUNITY, IN AN ATMOSPHERE OF FRIENDLINESS, TRANSPARENCY AND MUTUAL RESPECT, AND IN A FISCALLY RESPONSIBLE MANNER. 7 7 113 82 420427 0 0 0 5477100 5561566 14889 17083 833162 621829 6325151 6200478 0 0 0 0 3126140 2720491 0 0 0 3123843 2841468 6249983 5561959 75168 638519 12802006 12991458 6704914 6255849 6097092 6735609 TO PROVIDE ITS MEMBERS RECREATIONAL AND SOCIAL OPPORTUNITIES THROUGH QUALITY PRIVATE COUNTRY CLUB AND GOLF FACILITIES WITHIN A WELL MAINTAINED COMMUNITY, IN AN ATMOSPHERE OF FRIENDLINESS, TRANSPARENCY AND MUTUAL RESPECT, AND IN A FISCALLY RESPONSIBLE MANNER. 0 0 TARA IS A PRIVATE CLUB OFFERING GOLF COURSES, GOLF INSTRUCTIONS, AND RELATED SERVICES AND CLUBHOUSE FACILITIES FOR ITS MEMBERS. ALL PURCHASERS OF TARA GOLF & COUNTY CLUB PROPERTY BECOME AUTOMATIC MEMBERS. NON-RESIDENT MEMBERS ARE NOT PERMITTED. THERE WERE 766 GOLF MEMBERSHIPS AND 108 SOCIAL MEMBERSHIPS OUTSTANDING AS OF YEAR END. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 113 1 1 1 0 0 0 0 257475 506363 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 0 0 FL X LARRY PERKINS 9417567775 6602 DREWRYS BLUFF BRADENTON FL 34203 X DAR STEWART DIRECTOR 0.00 X 0 0 0 DEB KING SECRETARY 0.00 X X 0 0 0 MIKE BOHARDT DIRECTOR 0.00 X 0 0 0 PHIL PARSH PRESIDENT 0.00 X X 0 0 0 JAY LEVY TREASURER 0.00 X X 0 0 0 ARCHIE STRIMEL VICE PRESIDENT 0.00 X X 0 0 0 DON MCINTYRE DIRECTOR 0.00 X 0 0 0 ANTHONY GREISING GENERAL MANAGER 40.00 X 198290 0 15856 LARRY PERKINS CONTROLLER/ASST GENERAL MA 40.00 X 124405 0 11639 SHAWN OLAH CHEF 40.00 X 131021 0 6663 DON ABELL GOLF COURSE SUPERINTENDENT 40.00 X 104973 0 11285 MELISSA WILLIAMS GOLF PROFESSIONAL 40.00 X 103931 0 10820 662620 0 56263 5 0 1 0 CHENEY BROTHERS ONE CHENEY WAY PUNTA GORDA FL 33982 FOOD & SUPPLIES 256577 MARSH & MCLENNAN AGENCY PO BOX 6090 CLEARWATER FL 33758 INSURANCE 181738 FLORIDA BLUE PO BOX 660299 DALLAS TX 75266 INSURANCE 179150 EDWARD DON 2562 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD & SUPPLIES 131901 FLORIDA POWER & LIGHT GENERAL MAIL FACILITY MIAMI FL 33188 UTILITY 104011 5 REGULAR ASSESSMENTS & CAPITAL CON 713910 4498167 4498167 CART FEES 713910 579872 447528 132344 GREEN FEES 713910 350369 185880 164489 UNSPENT FOOD MINIMUM 722100 110758 110758 ADMINISTRATION FEES 561000 22400 22400 5561566 17083 17083 1024561 470513 554048 452854 101194 OTHER ADMINISTRATIVE INCOME 713910 67781 67781 67781 6200478 5762968 420427 17083 2295502 58103 180196 186690 41675 14200 40482 12311 231578 61698 296748 2700 274660 784777 193266 GOLF COURSE MAINTENANCE 501542 OTHER EXPENSES 139398 GOLF OPERATIONS 131700 FOOD & BEVERAGE 106193 8540 5561959 3247422 3945509 291723 191811 167644 168452 211145 195452 16664217 8178147 8879893 8486070 4179 4164 12802006 12991458 397191 418603 394587 376550 5810232 5318571 102904 142125 6704914 6255849 X 6097092 6735609 0 0 0 0 6097092 6735609 12802006 12991458 X 638519 -2 X X 0 1 X 1 0 7038437 2551126 4487311 4897471 2301041 2596430 4728309 3325980 1402329 8486070 DEFERRED ASSIGNMENTS 19511 UNSPENT MINIMUM 76396 DEFERRED INCOME-HANDICAPS/LOCKERS 40458 UNSPENT MINIMUM-AMI 5760 142125 X 6413514 470511 470511 5943003 257475 257475 6200478 6032472 470513 470513 5561959 0 5561959 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS EXEMPTED THE CLUB FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE TAX REFORM ACT OF 1969 IMPOSED A CORPORATE INCOME TAX ON THE "UNRELATED BUSINESS TAXABLE INCOME" OF AN OTHERWISE TAX EXEMPT ORGANIZATION. PROVISION FOR ANY APPLICABLE FEDERAL AND STATE INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING STATEMENT OF REVENUES AND EXPENSES. MANAGEMENT HAS EVALUATED THE EFFECT OF AN ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN INCOME TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020. THE ORGANIZATION'S FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED 2019, 2018 AND 2017 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THE FEDERAL INCOME TAX RETURNS WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED W/REVENUE ON 990 470,513. ROUNDING -2. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CONTRIBUTIONS 257,475. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED W/REVENUE ON 990 470,513. X X 0 0 0 ANTHONY GREISING GENERAL MANAGER 183290 0 15000 0 0 0 7931 0 7925 0 214146 0 0 0 PART I, LINE 3 COMPENSATION SURVEYS ARE OBTAINED AND USED TO DETERMINE THE COMPENSATION PACKAGE OF THE GENERAL MANAGER. THE BOARD OF DIRECTORS APPROVES THE GENERAL MANAGER'S COMPENSATION PACKAGE. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION'S UMBRELLA DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS ALLOWS FOR A TOTAL OF 800 CLASS A AND 300 CLASS B MEMBERSHIPS, WITH THE FOLLOWING RIGHTS AND RESTRICTIONS: CLASS A: CLASS A MEMBERS HAVE FULL RIGHTS AND PRIVILEDGES IN THE GOLF COURSE, CLUBHOUSE AND RECREATIONAL FACILITIES. CLASS B: CLASS B MEMBERS HAVE FULL PRIVILEDGES WITH RESPECT TO THE CLUBHOUSE, RECREATIONAL FACILITIES AND ALL OTHER COMMON PROPERTY. CLASS B MEMBERS MAY USE THE GOLF COURSE ON A SPACE AVAILABLE BASIS AND ARE REQUIRED TO PAY GREENS FEES AND OTHER USER CHARGES. FORM 990, PART VI, SECTION A, LINE 7A THE ANNUAL MEETING OF THE MEMBERS IS HELD FOR THE PURPOSE OF ELECTING DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION IS A COUNTRY CLUB. THE BOARD OF DIRECTORS APPROVES GENERAL MANAGEMENT DECISIONS. THE REGULAR MEMBERS WHO ARE THE RECORD OWNERS OF EACH LOT SHALL BE COLLECTIVELY ENTITLED TO ONE (1) VOTE FOR EACH SUCH LOT. IF REGULAR MEMBERS OWN MORE THAN ONE LOT, THEY SHALL BE ENTITLED TO ONE VOTE FOR EACH LOT OWNED. A LOT VOTE MAY NOT BE DIVIDED. REGULAR MEMBERS WHO ARE THE RECORD OWNER OF A PARCEL SHALL, AT ANY GIVEN TIME, BE COLLECTIVELY ENTITLED TO THAT NUMBER OF VOTES EQUAL TO THE NUMBER OF RESIDENTIAL UNITS LOCATED ON SUCH PARCEL. THERE IS AN ANNUAL MEETING TO ELECT DIRECTORS AND OTHER BUSINESS AUTHORIZED. MEETINGS OF THE BOARD OF DIRECTORS ARE OPEN TO ALL MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF OPERATING OFFICER AND THE CONTROLLER/ASSISTANT MANAGER REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DOES NOT HAVE A FORMAL CONFLICT OF INTEREST POLICY BUT HAS DISCUSSION VERBALLY WITH BOARD MEMBERS. IT IS INTENDED THAT A CONFLICT OF INTEREST POLICY BE IMPLEMENTED WITHIN THE NEXT FISCAL YEAR. ALL MEETINGS ARE OPEN TO MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND VOTES ON COMPENSATION PROVIDED THE GENERAL MANAGER COMPARING TO OTHER LIKE FACILITIES AND ADJUSTS THE COMPENSATION PROVIDED TO MEET THE SPECIAL REQUIREMENTS OF TARA GOLF AND COUNTY CLUB. FORM 990, PART VI, SECTION C, LINE 18 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST, AS ALLOWED BY STATUTE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS RELATING TO TAX EXEMPTION ARE PROVIDED UPON REQUEST. OTHER DOCUMENTS ARE PROVIDED TO THE MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING -2. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.