2019-07-10T12:42:31-05:00 2018-08-31 420714325 RSM US LLP 5551 RIDGEWOOD DRIVE SUITE 401 NAPLES FL 34108 990 2017-09-01 592144636 QUAIL CREEK COUNTRY CLUB INC QUAI 2395972831 13300 VALEWOOD DRIVE NAPLES FL 34119 PETER KLOET TREASURER 2395972831 2019-07-10 1 CHRISTOPHER CECIL P01877773 2395960105 108.171.131.187 2019-07-10 13:42:18 ED P F531E206854B6962428C0A895C7039840091752F 4C1CA6CF951B9AFBB475C80B6A1091FE6A0EBE72 2017 2019-02-21 02:37:17Z DON HUNTER 13300 VALEWOOD DRIVE NAPLES FL 34119 12269596 0 X WWW.QUAILCREEKCC.COM X 1980 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 208 50 711148 0 0 0 8133077 8059192 31021 9492 1619198 2730822 9783296 10799506 0 0 0 0 5999451 6241310 0 0 0 5512422 7283227 11511873 13524537 -1728577 -2725031 24232888 26078565 6851232 9760380 17381656 16318185 QUAIL CREEK 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 08/31/18 WAS APPROXIMATELY 43,542 OF WHICH APPROXIMATELY 5,118 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $2,408,060 OF WHICH $460,682 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 51 0 1 208 1 1 1 0 0 0 1 1 549500 982294 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOSEPH SVITEK 2392547436 13300 VALEWOOD DRIVE NAPLES FL 34119 JAMES CLAYTON PRESIDENT 30.00 X X 0 0 0 JERRY WESTWOOD VICE PRESIDENT (THROUGH APRIL) 10.00 X X 0 0 0 PETER KLOET TREASURER 30.00 X X 0 0 0 HEDY WHITNEY SECRETARY 30.00 X X 0 0 0 JIM FORTE DIRECTOR (APRIL - CURRENT) 30.00 X 0 0 0 ELAINE CHRISTIAN DIRECTOR 30.00 X 0 0 0 WILLIAM PESCOD DIRECTOR (THROUGH APRIL) 10.00 X 0 0 0 STU HODGSON DIRECTOR (APRIL - CURRENT) 10.00 X 0 0 0 TOM ROBERTSON DIRECTOR (THROUGH APRIL) 10.00 X 0 0 0 GARY SMITH DIRECTOR 10.00 X 0 0 0 JACK PHILLIPS DIRECTOR (APRIL - CURRENT) 10.00 X 0 0 0 STEVE POWELL DIRECTOR 10.00 X 0 0 0 DON HUNTER GM/COO 40.00 X 227698 0 1703 RENEE NEVILLE CONTROLLER 40.00 X 122404 0 14583 KEVIN LEO GOLF COURSE SUPERINTENDENT 40.00 X 258359 0 14949 SCOTT ROSS EXECUTIVE CHEF 40.00 X 135722 0 11097 744183 0 42332 4 0 1 0 FLORIDA BLUE PO BOX 660299 DALLAS TX 75266 INSURANCE 641647 TEE OFF TEMPS - IMMOKALEE PO BOX 75343 CHICAGO IL 60675 TEMPORARY LABOR 476632 PEACOCK & LEWIS ARCHITECTS 1610 TRADE CENTER WAY 5 NAPLES FL 34109 ARCHITECTS 381811 STONEGATE BANK 400 NORTH FEDERAL HIGHWAY POMPANO BEACH FL 33062 FINANCING 292081 PNC EQUIPMENT FINANCE LLC PO BOX 931034 CLEVELAND OH 44193 FINANCING 273661 5 MEMBERSHIP DUES AND ASSESSMENTS 713910 6395198 6395198 GREENS, CARTS, & TRAIL FEES 713910 1401798 1006800 394998 FITNESS & TENNIS FEES 713910 236845 213116 23729 LOCKER FEES 713910 25351 25351 8059192 9492 9492 2928946 1470090 1458856 1175927 282929 HURRICANE INSURANCE PROCEEDS 713910 641146 641146 HURRICANE ASSESSMENT PROCEEDS 713910 549500 549500 MISCELLANEOUS 713910 81320 81320 1271966 10799506 9447212 711148 641146 366390 4282188 1592732 1584264 214185 GOLF COURSE MAINTENANCE 1264245 HURRICANE EXPENSES 1190646 GENERAL AND ADMINISTRAT 981339 INTEREST RATE SWAP 763186 1285362 13524537 3001143 4783723 88626 279940 410607 339467 434989 376904 43848210 23550335 20296867 20297875 656 656 24232888 26078565 1019880 1492507 5831352 8267873 6851232 9760380 X 17381656 16318185 17381656 16318185 24232888 26078565 X -2725031 1661560 X X 0 1 X 1 0 2099956 2099956 12602541 7371839 5230702 12089861 7071948 5017913 17055852 9106548 7949304 20297875 REFUNDABLE ASSESSMENT 35200 PREPAID DUES & FEES 1994580 LONG-TERM DEBT 3174524 CAPITAL LEASES 433273 DEFERRED HURRICANE PROCEEDS 1867110 INTEREST RATE SWAP 763186 8267873 X 12269596 1470090 1470090 10799506 0 10799506 14994627 1470090 1470090 13524537 0 13524537 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 PROVISIONS OF THE INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,470,090. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,470,090. X X X X 0 0 0 DON HUNTER GM/COO 200885 0 20000 0 6813 0 1703 0 0 0 229401 0 0 0 KEVIN LEO GOLF COURSE SUPERINTENDENT 150847 0 100000 0 7512 0 1878 0 13071 0 273308 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: CLASS A GOLF MEMBERS AND CLASS B SOCIAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CLASS A GOLF MEMBERS HAVE FULL VOTING RIGHTS ON ALL MATTERS THAT ARE ADDRESSED IN THE BYLAWS. SENIOR, ASSOCIATE GOLF, SOCIAL, AND SENIOR SOCIAL MEMBERS ONLY HAVE VOTING RIGHTS WITH RESPECT TO ACQUISITION OF DEBT AND/OR ASSESSMENTS OF WHICH THEY ARE REQUIRED TO PAY ALL OR A PORTION OF. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE RETURN ARE PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. HOWEVER, 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 TREASURER WHO THEN PRESENTS TO THE BOARD FOR APPROVAL. THE TREASURER REVIEWS FORM 990 IN ITS ENTIRETY WITH ITS OUTSIDE CPA PREPARER PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS THE CONFLICT OF INTEREST POLICY BY REQUESTING BOARD MEMBERS TO FILL OUT QUESTIONNAIRE DURING AUDIT PROCESS THAT SEEKS TO GAIN INFORMATION OF ANY KNOWN CONFLICT OF INTEREST. ALSO, ALL PROJECTS AND MAJOR PURCHASES ARE SENT OUT TO BID TO AT LEAST 3 VENDORS/PROVIDERS. THE BOARD REVIEWS THE CONTRACTOR AND/OR PROVIDERS TO PREVENT ANY INDIVIDUAL TO UNDULY INFLUENCE MANAGEMENT IN CONTRACTING WITH PARTICULAR PROVIDERS OF GOODS AND SERVICES. ADDITIONALLY, ANY MEMBER-OWNED VENDORS WITH WHICH THE ORGANIZATION MIGHT DO BUSINESS ARE DISCLOSED TO OUTSIDE AUDITORS AND THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS & APPROVES THE COMPENSATION AGREEMENTS FOR THE GENERAL MANAGER AND OTHER MANAGEMENT POSITION EMPLOYEES. THE BOARD USES THIRD PARTY COMPENSATION SURVEY DATA TO DETERMINE COMPENSATION. 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 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS VIA THE CLUB WEBSITE, FOR INSPECTION AT THE CLUB, AND UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE BY INSPECTION AT THE CLUB AND UPON REQUEST. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIPS 755,333. REDEMPTION OF CERTIFICATES -210,660. RENOVATION ASSESSMENT -247,000. MEMBER CAPITAL CONTRIBUTIONS 1,323,887. NONEQUITY SOCIAL MEMBERSHIP INITIATION FEES 40,000. PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.