2025-07-14T10:39:28-05:00 2024-08-31 540737372 PBMARES LLP 6751 PARKER FARM DR 2ND FLOOR WILMINGTON NC 28405 990 2023-09-01 560163800 CAROLINA COUNTRY CLUB COMPANY CARO 9197873621 2500 GLENWOOD AVE RALEIGH NC 276081002 J MATTHEW CAPASSO CFO 9197873621 2025-07-03 1 1 EDWARD T YODER CPA P00239134 9107629671 2025-07-03 X 2023 2025-03-06 01:10:19Z JACK S SLAUGHTER 2500 GLENWOOD AVE RALEIGH NC 276081002 22936706 0 X WWW.CAROLINACC.NET X 1918 NC THE CLUB IS A PRIVATE SOCIAL CLUB. 10 10 435 65 1034942 25909 0 0 13246171 14638211 -55847 4025 5086334 4819560 18276658 19461796 0 0 0 0 11650656 13119438 0 0 0 7309188 8123001 18959844 21242439 -683186 -1780643 30045447 30605687 9031694 9179248 21013753 21426439 THE CLUB IS A PRIVATE SOCIAL CLUB 0 0 DINING ROOM AND GRILLE ROOM MAIN BAR AND GRILLE ROOM GOLF, TENNIS, SWIMMING, AND WELLNESS & YOUTH 0 0 0 0 0 0 0 0 0 1 0 0 1 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 65 0 1 435 1 1 1 0 0 0 1 1 0 1537818 0 0 0 X 10 10 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 0 NC X J MATTHEW CAPASSO 9197873621 2500 GLENWOOD AVE RALEIGH NC 27608 JENNINGS GLENN PRESIDENT 1.00 X X 0 0 0 RONNIE BATCHELOR EX-OFFICIO 1.00 X X 0 0 0 DOROTHEA BITLER SECRETARY 1.00 X X 0 0 0 JOHN CHURCH TREASURER 1.00 X X 0 0 0 OWEN WILLIAMS VICE PRESIDENT 1.00 X X 0 0 0 LIZ SANCHEZ DIRECTOR 1.00 X 0 0 0 TERRY MIKELS DIRECTOR 1.00 X 0 0 0 CHUCK PARKER DIRECTOR 1.00 X 0 0 0 WILLIAM PLYLER DIRECTOR 1.00 X 0 0 0 JACK S SLAUGHTER GENERAL MANAGER / COO 45.00 X 486472 0 56710 J MATTHEW CAPASSO CHIEF FINANCIAL OFFICER 45.00 X 219583 0 40208 DAMON GORE WELLNESS DIRECTOR 45.00 X 167240 0 37060 KYLE A JOHNSON GOLF COURSE SUPT. 45.00 X 289527 0 56207 THEORDORE C KIEGIEL GOLF PROFESSIONAL 45.00 X 331784 0 42552 WILLIAMS S CANNON TENNIS DIRECTOR 45.00 X 319862 0 40289 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 45.00 X 200741 0 30218 PATRICK COLLEY EXECUTIVE CHEF 45.00 X 208923 0 40035 EVE SPRING HR DIRECTOR 45.00 X 151042 0 19771 2375174 0 363050 9 0 1 0 US FOODS INC PO BOX 602211 CHARLOTTE NC 28260 FOOD SERVICE 1114300 UNITED HEALTHCARE INSURANCE CO PO BOX 860511 MINNEAPOLIS MN 55489 HEALTH INSURANCE 1081424 CLANCY & THEYS CONSTRUCTION CO INC PO BOX 27608 RALEIGH NC 27611 GEREAL CONTRACTOR 1027155 HALPERNS' STEAK & SEAFOOD PO BOX 84943 CHICAGO IL 60689 FOOD SERVICES 385845 LANDSCAPES UNLIMITED LLC 1201 ARIES DRIVE LINCOLN NE 68512 GOLF COURSE SERVICES 250000 22 MEMBERSHIP FEES 713910 12269414 12269414 GROUNDS & GOLF FEE 713910 1134787 978504 156283 TENNIS/SWIMMING 713910 731196 710589 20607 WELLNESS & YOUTH 713910 502814 502814 14638211 4025 0 4025 4025 4025 8195569 3474910 4720659 3862607 858052 MINIMUM CHARGES AND OTHER 713910 98901 98901 98901 19461796 18426854 1034942 0 698824 10231086 123902 1259479 806147 126658 53067 106525 26654 916341 56655 97325 2750125 126750 MAINTENANCE & REPAIRS 843752 GOLF COURSE MAINTENANCE 593853 SUPPLIES 552739 MEMBER RELATIONS 387755 1484802 21242439 709622 1147924 1000671 1053627 684385 706281 285029 271647 58568503 34433981 24143948 24134522 3221792 3291686 30045447 30605687 2063332 2155478 927239 1069701 4437982 4824637 1603141 1129432 9031694 9179248 X 165050 166400 7424087 7424087 13424616 13835952 21013753 21426439 30045447 30605687 X -1780643 2193329 X X 0 1 X 1 0 664320 664320 26647722 16615148 10032574 21649383 12023076 9626307 8376657 5795757 2580900 1230421 1230421 24134522 OPERATING LEASE ASSETS 1070879 457B PLAN ASSETS 2220807 3291686 LEASE LIABILITY 1129432 1129432 X 22936706 3474910 3474910 19461796 0 19461796 24717349 3474910 3474910 21242439 0 21242439 PART X, LINE 2: MANAGEMENT EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT THE CLUB HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,474,910. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,474,910. X 0 1 X X 0 1 0 JACK S SLAUGHTER GENERAL MANAGER / COO 386151 0 66000 0 34321 0 29126 0 27584 0 543182 0 0 0 THEORDORE C KIEGIEL GOLF PROFESSIONAL 200978 0 26190 0 104616 0 14935 0 27617 0 374336 0 0 0 WILLIAMS S CANNON TENNIS DIRECTOR 118849 0 13515 0 187498 0 14696 0 25593 0 360151 0 0 0 KYLE A JOHNSON GOLF COURSE SUPT. 249819 0 29665 0 10043 0 28590 0 27617 0 345734 0 0 0 J MATTHEW CAPASSO CHIEF FINANCIAL OFFICER 180928 0 23892 0 14763 0 12591 0 27617 0 259791 0 0 0 PATRICK COLLEY EXECUTIVE CHEF 176482 0 22398 0 10043 0 12418 0 27617 0 248958 0 0 0 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 162589 0 28109 0 10043 0 12219 0 17999 0 230959 0 0 0 DAMON GORE WELLNESS DIRECTOR 91379 0 13170 0 62691 0 11836 0 25224 0 204300 0 0 0 EVE SPRING HR DIRECTOR 125597 0 15402 0 10043 0 11320 0 8451 0 170813 0 0 0 PART I, LINE 1A TRAVEL EXPENSES WERE PAID FOR A TRAVEL COMPANION FOR THE FOLLOWING INDIVIDUALS: JACK S. SLAUGHTER, GENERAL MANAGER GUSTAVO MUZZOLON, ASSISTANT GENERAL MANAGER THE BENEFITS ARE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES. PART I, LINE 1B TRAVEL EXPENSES ARE PAID FOR THE GENERAL MANAGER AND A TRAVEL COMPANION BASED ON THE PROVISIONS SET FORTH IN HIS EMPLOYMENT AGREEMENT. TRAVEL EXPENSES FOR COMPANIONS FOR ANY OTHER EMPLOYEES ARE APPROVED BY THE GENERAL MANAGER. PART I, LINE 4B JACK S. SLAUGHTER, GENERAL MANAGER, IS A PARTICIPANT IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN. THIS IS AN UNFUNDED PLAN. UPON RETIREMENT AT AGE 65, VESTING WILL BECOME 100%. UP UNTIL THAT TIME, VESTING IS ZERO. NO PAYMENTS WERE MADE DURING THE YEAR. PART I, LINE 5 CERTAIN INDIVIDUALS IN THE GOLF AND TENNIS DEPARTMENT GET PAID COMMISSIONS ON THE SALES OF THAT DEPARTMENT PART I, LINE 6 JACK S. SLAUGHTER, GENERAL MANAGER, IS COMPENSATED BASED ON CERTAIN CRITERIA OF THE CLUB. SOME OF THE CRITERIA IS BASED ON NET EARNINGS AND OTHER FINANCIAL METRICS FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO PAY MONTHLY MEMBERSHIP DUES. THE ORGANIZATION HAS CLASS A AND CLASS B COMMON STOCK. 5 SHARES OF CLASS A STOCK WERE ISSUED AND OUTSTANDING AND 3,345 SHARES OF CLASS B STOCK WERE ISSUED AND OUTSTANDING. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB'S MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL SHAREHOLDER MEETING BY VOTING THEIR SHARES IN PERSON OR BY PROXY. FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES ONLY ACT IN AN ADVISORY CAPACITY AND DO NOT HAVE AUTHORITY TO ACT OR BIND THE CLUB LEGALLY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CONTROLLER AND THE TREASURER. THE BOARD IS THEN PROVIDED A COPY OF THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB REQUIRES ALL DIRECTORS TO FILL OUT AND SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD ALSO DISCUSSES ANYTIME A POSSIBLE CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD AND THE GENERAL MANAGER SET GOALS FOR THE UPCOMING YEAR. THE GENERAL MANAGER IS THEN EVALUATED ON HOW WELL THOSE GOALS WERE MET AND IS SCORED IN SPECIFIC AREAS. FINANCIAL BONUSES AND COMPENSATION ARE DEPENDENT UPON THE OVERALL SCORE. THE BOARD APPROVES BONUS PLANS AND SALARIES FOR KEY EMPLOYEES AS RECOMMENDED BY THE GENERAL MANAGER EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: INITIATION FEES AND INTEREST INCOME 2,513,524. CHANGE IN INITION FEES RECEIVABLE -321,545. REDEEMED STOCK 1,350. FORM 990 PART XII LINE 2C NO CHANGE FROM PRIOR YEAR.