2021-11-03T13:02:33-05:00 2020-12-31 420714325 RSM US LLP 5551 RIDGEWOOD DRIVE SUITE 401 NAPLES FL 34108 990 2020-01-01 650066096 THE FOREST COUNTRY CLUB INC FORE 2394828378 6100 CLUB BLVD SW FT MYERS FL 33908 MATT GAUDET GENERAL MANAGER 2394828378 2021-10-28 1 MATT GAUDET 999009999 CHRISTOPHER CECIL P01877773 2395960105 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MATT GAUDET 6100 CLUB BLVD SW FT MYERS FL 33908 7736167 0 X WWW.THEFORESTCC.COM X 1988 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 173 100 137141 0 0 0 5326194 5450787 7572 -8605 1032341 1451694 6366107 6893876 0 0 0 0 3955167 3896666 0 0 0 3833293 4181711 7788460 8078377 -1422353 -1184501 23149515 24511283 11754159 11750311 11395356 12760972 THE FOREST COUNTRY 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 TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 12/31/20 WERE APPROXIMATELY 44,862 OF WHICH APPROXIMATELY 1,277 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 12/31/20 WAS $1,448,996 OF WHICH $102,658 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 31 0 173 1 1 1 0 0 0 1 1 0 172712 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 FRANK AGNELLO JR 2394828378 6100 CLUB BLVD SW FORT MYERS FL 33908 KEN EDGE PRESIDENT 1.00 X X 0 0 0 DALE CARLSON VICE PRESIDENT 1.00 X X 0 0 0 KRISTY GUDOBBA SECRETARY 1.00 X X 0 0 0 SCOTT WILFONG TREASURER 1.00 X X 0 0 0 SUE WAGNER DIRECTOR 1.00 X 0 0 0 RON BOUDREAUX DIRECTOR 1.00 X 0 0 0 RICH PELL DIRECTOR 1.00 X 0 0 0 RON SLATER DIRECTOR 1.00 X 0 0 0 DENNIS WILDER DIRECTOR 1.00 X 0 0 0 FRANK AGNELLO JR CFO 40.00 X 154281 0 13660 MATT GAUDET GENERAL MANAGER 40.00 X 219067 0 21862 JOHN GALLAGHER DIRECTOR OF GOLF COURSE MA 40.00 X 128977 0 16538 SCOTT NEWHOUSE DIRECTOR OF GOLF 40.00 X 109821 0 15652 BOUNPHET CHANTHAVONG EXECUTIVE CHEF 40.00 X 111438 0 3857 723584 0 71569 5 0 1 0 FLORIDA BLUE PO BOX 45296 JACKSONVILLE FL 32232 HEALTH INSURANCE 410899 BOUCHARD INSURANCE 12800 UNIVERSITY DR SUITE 165 FORT MYERS FL 33907 GENERAL & LIABILITY INSURANCE 187874 FLORIDA POWER & LIGHT COMPANY 1833 LEE STREET FORT MYERS FL 33901 UTILITY-ELECTRICITY 176981 DLL FINANCE LLC 8001 BIRCHWOOD COURT PO BOX 2000 JOHNSTON IA 50131 FINANCE SOLUTIONS 173224 4 MEMBERSHIP DUES & ASSESSMENTS 713910 4105142 4105142 GREENS AND CART FEES 713910 1285044 1214990 70054 LOCKER RENTALS 713910 44125 44125 OTHER GOLF REVENUE 713910 16476 16476 5450787 3124 3124 1750 1750 0 32769 44498 -11729 -11729 -11729 1767868 796043 971825 907862 63963 MISCELLANEOUS 713910 428775 428775 EQUITY EXCHANGE 713910 42450 42450 TENNIS FEES 713910 8644 8644 479869 6893876 6768464 137141 -11729 3093519 524798 278349 366548 1270446 232274 GOLF COURSE MAINTENANCE 987123 CLUBHOUSE 354986 GOLF ACTIVITIES 323181 RESTAURANT 189187 457966 8078377 2174510 3666252 257037 561489 229648 272267 286771 250872 31713019 11952616 20201549 19760403 23149515 24511283 1062788 1103482 2347739 2553492 8109207 7877012 234425 216325 11754159 11750311 X 11395356 12760972 11395356 12760972 23149515 24511283 X -1184501 551205 1998912 X X 0 1 X 1 0 4865922 4865922 10388427 1978329 8410098 4475469 2245386 2230083 11983201 7728901 4254300 19760403 REFUNDABLE CAPITAL ASSESSMENTS 129000 DEFERRED LIFE MEMBERS 87325 216325 X 7691669 797793 797793 6893876 0 6893876 8876170 797793 797793 8078377 0 8078377 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 STATEMENT TO COMPLY WITH THE PROVISION OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 796,043. RENTAL EXPENSE 1,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 796,043. RENTAL EXPENSE 1,750. X X X X 0 0 0 MATT GAUDET GENERAL MANAGER 174157 0 28000 0 16910 0 2660 0 19202 0 240929 0 0 0 FRANK AGNELLO JR CFO 128883 0 14000 0 11398 0 2310 0 11350 0 167941 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: EQUITY MEMBERS HAVE VOTING PRIVILEGES AND USE OF ALL FACILITIES (GOLF, SOCIAL, TENNIS, EQUITY EXCHANGE, AND LEE EXECUTIVE). FORM 990, PART VI, SECTION A, LINE 7B SPECIAL CAPITAL PURCHASES, ANY DEBT OVER $200,000 AND ANY CHANGES TO THE BY-LAWS ARE SUBJECT TO MEMBERSHIP 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 GENERAL MANAGER, CFO, TREASURER, AND STAFF ACCOUNTANT. THEY REVIEW 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 DURING MONTHLY BOARD MEETINGS AND THE REVIEWING OF ALL CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE. THE BOARD COMPLETES THE PERFORMANCE REVIEW AND THE COMPENSATION COMMITTEE REVIEWS SALARY DATA FOR THE LOCAL AREA. THE CHIEF FINANCIAL OFFICER IS REVIEWED ANNUALLY BY THE GENERAL MANAGER. 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 CLUB DOES NOT MAKE IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CAPITAL ASSESSMENTS 510,420. MEMBERSHIP ISSUANCES AND TRANSFERS 663,953. GOLF COURSE RENOVATION ASSESSMENTS 879,498. MEMBERSHIP REDEMPTIONS AND OTHER MEMBERSHIP ACTIVITY, NET -54,959. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.