2021-02-23T08:24:18-06:00 2020-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 334012348 990 2019-07-01 590706084 PALM BEACH COUNTRY CLUB INC PALM 5618443501 760 NORTH OCEAN BLVD PALM BEACH FL 334800997 ROBERT SCHLAGER PRESIDENT 5618443501 2021-02-22 1 FRANK LUCAS P00995244 5617124808 2021-02-22 2019 2022-09-23 18:48:47Z ROBERT SCHLAGER 760 NORTH OCEAN BLVD PALM BEACH FL 334800997 17911540 0 X N/A X 1973 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 17 17 158 24 127346 102357 0 0 19583880 15467687 -1602760 -165422 1266268 1285569 19247388 16587834 0 0 0 0 5951827 5907996 0 0 0 11283653 9694136 17235480 15602132 2011908 985702 23790863 25153034 2469145 2845614 21321718 22307420 PALM BEACH COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXPEMT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 FOOD AND BEVERAGE SALES TOTALED $1,759,318 FOR THE YEAR ENDING 06/30/2020, OF WHICH $4,423 WAS NON-MEMBER RELATED INCOME. THE CLUB PROVIDES GOLF AND DINING FACILITIES TO APPROXIMATELY 380 MEMBERS. 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 23 0 1 158 1 1 1 0 0 0 1 1 4966936 9814 0 0 0 X 17 17 1 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 X RICHARD KELLEMS 5618443501 760 NORTH OCEAN BLVD PALM BEACH FL 33480 ROBERT SCHLAGER PRESIDENT 1.00 X X 0 0 0 RICHARD ROTHSCHILD VICE PRESIDENT 1.00 X X 0 0 0 JOHN WALLERSTEIN VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL ROME TREASURER 1.00 X X 0 0 0 MICHAEL MARGOLIS SECRETARY 1.00 X X 0 0 0 DAVID BLUE DIRECTOR 1.00 X 0 0 0 RICHARD BORNSTEIN DIRECTOR 1.00 X 0 0 0 STEPHEN FINE DIRECTOR 1.00 X 0 0 0 WILLIAM FINNERAN DIRECTOR 1.00 X 0 0 0 TONY FROMER DIRECTOR 1.00 X 0 0 0 MITCHELL JACOBSON DIRECTOR 1.00 X 0 0 0 JEFFREY B LANE DIRECTOR 1.00 X 0 0 0 DAVID S MACK DIRECTOR 1.00 X 0 0 0 WILLIAM MACK DIRECTOR 1.00 X 0 0 0 JACK NUSBAUM DIRECTOR 1.00 X 0 0 0 DR ROBIN SMITH DIRECTOR 1.00 X 0 0 0 ROBERT SNYDER DIRECTOR 1.00 X 0 0 0 RONALD PASSAGGIO GENERAL MANAGER 60.00 X 425823 0 23496 RICHARD KELLEMS CHIEF FINANCIAL OFFICER 50.00 X 207056 0 23496 GEORGE KERVERN GROUNDS SUPERINTENDENT 60.00 X 299700 0 28416 EZEQUIEL LOPEZ EXECUTIVE CHEF 60.00 X 267729 0 28250 NOREEN HIGGINS CLUBHOUSE MANAGER 50.00 X 149175 0 20880 ZACHARY BRADY GOLF PROFESSIONAL 50.00 X 233815 0 9141 JOHN BEDNAR IV GOLF PROFESSIONAL 50.00 X 127543 0 6210 KIRBY KRAUTER TENNIS PROFESSIONAL 50.00 X 217091 0 12831 ADILSON SILVA FOOD & BEVERAGE DIRECTOR 50.00 X 141000 0 17884 2068932 0 170604 9 0 1 0 SMYTH AIR CONDITIONING 3718 23RD AVENUE SOUTH LAKE WORTH FL 33461 A/C EQUIPMENT/SERVICES 1283919 YOUCHAK & YOUCHAK 340 ROYAL POINCIANA WAY PALM BEACH FL 33480 CONTRACTOR 1221983 FLORIDA BLUE PO BOX 662099 DALLAS TX 75266 HEALTH INSURANCE 550047 3 MEMBERSHIP DUES 713910 15053770 15053770 LOCKER RENTALS 713910 170275 170275 GREENS FEES 713910 94598 92820 1778 BAG STORAGE 713910 87400 87400 GOLF CART RENTALS 713910 61194 61194 450 450 15467687 57398 57398 37503 260323 -222820 -222820 -222820 2193229 1063383 1129846 1126171 3675 MISCELLANEOUS 713910 91228 91228 TAXABLE ANNUITY 713910 58964 58964 TRUE SPEC COMMISSION 713910 5531 5531 155723 16587834 16683308 127346 -222820 X 4636222 1271774 757392 3199977 220879 GOLF COURSE MAINTENANCE 1260693 CLUBHOUSE 1189029 ADMINISTRATIVE & GENERA 659920 FOOD & BEVERAGE 510060 1896186 15602132 762434 1031678 136638 134184 159142 316942 672707 770158 53031542 30872822 21360593 22158720 699349 741352 23790863 25153034 909990 1360602 1559155 1485012 2469145 2845614 X 21321718 22307420 21321718 22307420 23790863 25153034 985702 0 X X 0 1 X 1 0 727683 727683 19491767 9065467 10426300 11751395 10309612 1441783 21060697 11497743 9562954 22158720 DEFERRED COMPENSATION - ST 110200 DEFERRED COMPENSATION - LT 835312 MEMBERS' CERTIFICATES OF EQUITY, SUBJECT TO REDEMPTION 539500 1485012 X 17651217 0 17651217 -1063383 -1063383 16587834 16665515 1063383 1063383 15602132 0 15602132 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 FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -1,063,383. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,063,383. X 1 1 X X X X 0 0 0 RONALD PASSAGGIO GENERAL MANAGER 330539 0 42500 0 52784 0 5612 0 17884 0 449319 0 0 0 RICHARD KELLEMS CHIEF FINANCIAL OFFICER 148936 0 33120 0 25000 0 5612 0 17884 0 230552 0 0 0 GEORGE KERVERN GROUNDS SUPERINTENDENT 242298 0 28500 0 28902 0 4971 0 23445 0 328116 0 0 0 EZEQUIEL LOPEZ EXECUTIVE CHEF 202790 0 30884 0 34055 0 4805 0 23445 0 295979 0 0 0 NOREEN HIGGINS CLUBHOUSE MANAGER 120054 0 15773 0 13348 0 2996 0 17884 0 170055 0 0 0 ZACHARY BRADY GOLF PROFESSIONAL 209048 0 17000 0 7767 0 1627 0 7514 0 242956 0 0 0 KIRBY KRAUTER TENNIS PROFESSIONAL 190902 0 2500 0 23689 0 5317 0 7514 0 229922 0 0 0 ADILSON SILVA FOOD & BEVERAGE DIRECTOR 125500 0 15500 0 0 0 0 0 17884 0 158884 0 0 0 PART I, LINE 1A THE CLUB PROVIDES A RESIDENCE ON SITE TO THE GENERAL MANAGER FOR SECURITY PURPOSES AND AS A CONDITION OF EMPLOYMENT. THIS IS NOT TAXABLE COMPENSATION TO THE GENERAL MANAGER. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS DAVID S. MACK AND WILLIAM MACK ARE BROTHERS. 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 MEMBER CATEGORIES HAVE VOTING RIGHTS: REGULAR AND HOUSE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO MEMBERSHIP APPROVAL: ELECTION OF BOARD MEMBERS AND BY-LAW CHANGES. 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 CHIEF FINANCIAL OFFICER, TREASURER AND PRESIDENT. THE CHIEF FINANICAL OFFICER, TREASURER AND PRESIDENT REVIEW THE FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12 THE GENERAL MANAGER AND CHIEF FINANCIAL OFFICER REVIEW ANY POTENTIAL UNUSUAL ACTIVITY WHEN PAYING INVOICES OR CONTRACTING FOR FUTURE CAPITAL PROJECTS. CONTRACTORS ARE ASKED IF THEY HAVE ANY AFFILIATIONS WITH THE CLUB. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION INCREASES ARE BASED ON PERFORMANCE AND THE BUDGET. THE TREASURER OF THE BOARD REVIEWS ALL COMPENSATION PACKAGES WHICH ARE THEN APPROVED BY THE PRESIDENT. 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E GOLF ACTIVITIES 505,236. EXCESS HURRICANE INSURANCE EXPENSE 458,173. CLUB FUNCTIONS & ENTERTAINMENT 388,036. SEVERANCE AND HUMAN RESOURCES 275,696. EMPLOYEE RETIREMENT EXPENSE 111,824. TENNIS & FITNESS 72,040. LOCKER 51,824. CARD ROOM 33,357. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.