2022-06-07T12:25:17-05:00 2021-07-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2020-08-01 650473088 BAY COLONY GOLF CLUB INC BAYC 2395929515 9740 BENT GRASS BEND NAPLES FL 341081933 JAMES PEERS TREASURER 2395929515 2022-05-31 1 JAMES PEERS 999009999 CHRISTOPHER CECIL P01877773 5616791785 2022-05-31 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREGG DEWITT 9740 BENT GRASS BEND NAPLES FL 34108 10265902 0 X WWW.BAYCOLONYGOLFCLUB.COM X 1996 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 142 9 537822 35557 0 0 6331428 6912112 67705 24661 1820886 1502487 8220019 8439260 0 0 0 0 4332383 5060060 0 0 0 5263380 5809647 9595763 10869707 -1375744 -2430447 32554813 32956266 6318725 5173294 26236088 27782972 BAY COLONY GOLF CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 07/31/21 WAS APPROX. 24,848 OF WHICH APPROX 1,381 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $2,359,494 OF WHICH $959,587 WAS NON-MEMBER RELATED. 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 13 0 1 142 1 1 1 0 0 0 1 1 0 1151990 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X SAMANTHA SHEFFIELD 2394494561 9740 BENT GRASS BEND NAPLES FL 34108 GREGG DEWITT PRESIDENT (AS OF 6/1/21)/DIRECTOR (THROUGH 5/31/21 10.00 X X 0 0 0 JOE ABRUZZESE VICE PRESIDENT 10.00 X X 0 0 0 JAMES PEERS TREASURER 2.00 X X 0 0 0 CURT EDWARDS SECRETARY 2.00 X X 0 0 0 ROBERT AMEN PRESIDENT (THROUGH 5/31/21)) 10.00 X X 0 0 0 KEVIN POWDERLY DIRECTOR (THROUGH 5/31/21) 2.00 X 0 0 0 JOHN GRISWOLD DIRECTOR 2.00 X 0 0 0 CINDY TUCCI DIRECTOR 2.00 X 0 0 0 PHIL WARREN VICE PRESIDENT (THROUGH 5/31/21) 2.00 X X 0 0 0 KATHERINE PRYOR DIRECTOR (AS OF 6/1/21) 2.00 X 0 0 0 DAVID MCAVOY DIRECTOR (AS OF 6/1/21) 2.00 X 0 0 0 MICHAEL BRADFIELD GENERAL MANAGER 40.00 X 257078 0 25539 SAMANTHA SHEFFIELD CFO 40.00 X 177181 0 4562 JOSHUA LEVITRE SUPERINTENDENT 40.00 X 182615 0 92474 TYLER FIELD EXECUTIVE CHEF 40.00 X 164109 0 20871 TAMMY MERCER MEMBERSHIP DIRECTOR 40.00 X 125573 0 13307 ANDREW ZULLO GOLF PRO 40.00 X 203904 0 113218 MLADEN STOEV SOMOLIER 40.00 X 124782 0 9237 1235242 0 279208 7 0 1 0 FLORIDA BLUE 8041 PLAZA DEL LAGO DR ESTERO FL 33928 HEALTH INSURANCE 265603 FLORIDA POWER & LIGHT COMPANY 700 UNIVERSE BLVD JUNO BEACH FL 33408 UTILITIES SERVICES 163385 ZURICH NORTH AMERICA 1299 ZURICH WAY SCHAUMBURG IL 60196 INSURANCE 134609 3 DUES REVENUE 713910 5929096 5929096 GREENS,CART & TRAIL FEES 713910 983016 915203 67813 6912112 268 268 47761 11425 36336 36336 36336 32500 8107 24393 24393 24393 2952554 1807110 1145444 712039 433405 OTHER INCOME 713910 213401 213401 FOOD & BEVERAGE MINIMUM 713910 107306 107306 320707 8439260 7877045 537822 24393 4216314 843746 116020 2235209 192512 GOLF COURSE MAINTENANCE 1316692 GENERAL & ADMINISTRATIV 597539 FOOD & BEVERAGE 528362 COMMUNITY FEES 420211 403102 10869707 3152626 5075347 326723 331133 241243 228610 626711 595369 45152189 18428732 28205160 26723457 2350 2350 32554813 32956266 754651 853218 1611264 1602739 3793210 2511537 159600 205800 6318725 5173294 X 26143404 27571802 92684 211170 26236088 27782972 32554813 32956266 X -2430447 3977331 X X 0 1 X 1 0 7405396 7405396 17117534 8362654 8754880 8843603 4320482 4523121 11785656 5745596 6040060 26723457 MEMBERSHIP DEPOSITS 141000 DEFERRED COMPENSATION 64800 205800 X 10257795 1818535 1818535 8439260 0 8439260 12688242 1818535 1818535 10869707 0 10869707 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN TAXES WITHIN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,807,110. RENTAL EXPENSES 11,425. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,807,110. RENTAL EXPENSES 11,425. X X X X 0 0 0 ANDREW ZULLO GOLF PRO 171577 0 15000 0 17327 0 101400 0 11818 0 317122 0 0 0 MICHAEL BRADFIELD GENERAL MANAGER 197648 0 42230 0 17200 0 8600 0 16939 0 282617 0 0 0 JOSHUA LEVITRE SUPERINTENDENT 166369 0 15000 0 1246 0 80830 0 11644 0 275089 0 0 0 TYLER FIELD EXECUTIVE CHEF 133140 0 15000 0 15969 0 5323 0 15548 0 184980 0 0 0 SAMANTHA SHEFFIELD CFO 163858 0 10000 0 3323 0 2215 0 2347 0 181743 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF EQUITY MEMBERS, INTERMEDIATE MEMBERS, AND SOCIAL EQUITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL EXPENDITURE IN EXCESS OF $2,000,000 AND RENOVATIONS ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CLUB'S TREASURER. THE TREASURER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CLUB MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY EVALUATING ANNUAL DISCLOSURES. IN ADDITION, ANYTHING THAT IS QUESTIONABLE IS PUT BEFORE THE GENERAL MANAGER AND COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 THE YEAR END BONUSES, RAISES, AND ANNUAL REVIEWS OF THE MANAGEMENT POSITIONS ARE CONDUCTED BY THE COMPENSATION COMMITTEE AND BOARD. INDUSTRY SURVEYS ARE ALSO USED FOR COMPARISON. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE COMPENSATION PACKAGES FOR THE GENERAL MANAGER. THE GENERAL MANAGER DETERMINES COMPENSATION PACKAGES FOR DEPARTMENT HEADS AND REVIEWS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF THE CONFLICT OF INTEREST POLICY UPON REQUEST. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIP CERTIFICATES 3,300,000. REDEMPTION OF MEMBERSHIP CERTIFICATES -1,328,250. DEBT ASSESSMENTS 773,500. SOCIAL INITIATION FEES 175,000. CAPITAL FUNDING OF DEPRECIATION ASSESSMENTS 938,595. MEMBER DONATIONS 202,675. NET ASSETS WITH DONOR RESTRICTIONS RELEASED FROM RESTRCTIONS -84,189. FORM 990: PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.