KINGS POINT SUN CITY WEST LAND TR: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- KINGS POINT SUN CITY WEST LAND TR (EIN 56-6683422)
- Tax period
- 2016-04-01 to 2017-03-31
- Filed
- 2018-02-08
- IRS object ID
- 201800399349301095
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-02-08T21:06:47-05:00 | ReturnTs |
| Tax Period End | 2017-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 200209125 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRAND TAX GROUP PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 442 W KENNEDY BLVD STE 390 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 336061495 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566683422 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KINGS POINT SUN CITY CENTER WEST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KING | BusinessNameControlTxt |
| Phone | 9043551831 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 RIVERSIDE DRIVE | AddressLine1Txt |
| City | JACKSONVILLE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LIZ ARGOTT | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Signature | 2017-11-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KRISTEN BRAND | PreparerPersonNm |
| PTIN | P00353751 | PTIN |
| Phone | 8132542727 | PhoneNum |
| Preparation | 2018-01-07 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | 7F96481C5B530990C7F638757D70C235DB316E18 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8C31FA8D2BF764CD00C35964E69EC9683D0D2D3B | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LIZ ARGOTT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1902 CLUBHOUSE DRIVE | AddressLine1Txt |
| City | SUN CITY CENTER | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33573 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,371,863 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIOMAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KNGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERTO. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $84,266 | TotalGrossUBIAmt |
| PY Contributions Grants | $10,001,154 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,043,694 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,092,867 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,317,178 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,049 | PYInvestmentIncomeAmt |
| CY Investment Income | $10,991 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $12,102,070 | PYTotalRevenueAmt |
| CY Total Revenue | $12,371,863 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,816,887 | PYOtherExpensesAmt |
| CY Other Expenses | $12,143,350 | CYOtherExpensesAmt |
| PY Total Expenses | $10,816,887 | PYTotalExpensesAmt |
| CY Total Expenses | $12,143,350 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,285,183 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $228,513 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $58,585,253 | TotalAssetsBOYAmt |
| Total Assets EOY | $47,013,385 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $53,317,869 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $52,553,320 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,267,384 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$5,539,935 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIOMAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KNGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERTO. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $11,795,350 | ExpenseAmt |
| Revenue | $2,317,178 | RevenueAmt |
| Desc | THE TRUST WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE RELATED BUILDINGS, IMPROVEMENTS, AND FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE TRUST WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE RELATD BUILDINGS, IMPROVEMENTS, AND FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $11,795,350 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | false | ScheduleORequiredInd |
| IRP Document | 37 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Gross Receipts For Public Use | $36,431 | GrossReceiptsForPublicUseAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL ARMSTRONG | PersonNm |
| Phone | 9048135019 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 RIVERSIDE AVE STE 250 | AddressLine1Txt |
| City | JACKSONVILLE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| LIZ ARGOTT | |||||
| PRESIDENT | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MIKE BARDELL | |||||
| VICE PRESIDE | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARY ANN MEEKER | |||||
| SECRETARY | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BILL PIPER | |||||
| TREASURER | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WAYNE MUSHOLT | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| MARTY O'NEILL | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| MAUREEN HAMILTON | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| CHUCK HUFTEN | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| TOM MURPHY | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| CSI CONSTRUCTORS | ||||||
| 1907 W KENNEDY BLVD | TAMPA | FL | 33606 | GEN. CONTRACTOR | $719,740 | |
| SYSCO FOOD SERVICES | ||||||
| 3000 69TH STREET EAST | PALMETTO | FL | 34221 | FOOD SUPPLIES | $362,012 | |
| VESTA PROPERTY SERVICES | ||||||
| 245 RIVERSIDE DRIVE | JACKSONVILLE | FL | 32202 | MANAGEMENT | $348,000 | SUITE 250 |
| TURFKEEPERS | ||||||
| 5221 FL-674 | WIMAUMA | FL | 33598 | LANDSCAPING | $244,881 | |
| PEPIN DISTRIBUTING | ||||||
| 4121 NORTH 50TH STREET | TAMPA | FL | 33610 | BEVERAGE DIST. | $103,764 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $10,043,694 | MembershipDuesAmt |
| Total Contributions | $10,043,694 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| FOOD & BEVERAGE SALES | $1,111,705 | $1,111,705 |
| MANAGEMENT FEES | $348,000 | $348,000 |
| EVENTS | $288,984 | $288,984 |
| MISCELLANEOUS REVENUE | $236,109 | $236,109 |
| OTHER CLUBHOUSE REVENUE | $208,750 | $208,750 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $123,630 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $50,355 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $73,275 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,317,178 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,991 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $10,991 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,371,863 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,243,903 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $84,266 | UnrelatedBusinessRevenueAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,929,908 | TotalAmt |
| Program Services | $3,581,908 | ProgramServicesAmt |
| Management And General | $348,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,735 | TotalAmt |
| Program Services | $60,735 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,341 | TotalAmt |
| Program Services | $9,341 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,089 | TotalAmt |
| Program Services | $54,089 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,138 | TotalAmt |
| Program Services | $4,138 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,411,902 | TotalAmt |
| Program Services | $3,411,902 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $297,460 | TotalAmt |
| Program Services | $297,460 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| DEBT SERVICE EXPENSE | $1,606,273 | $1,606,273 |
| REPAIRS & MAINTENANCE | $593,075 | $593,075 |
| FOOD & BEVERAGE COSTS | $578,829 | $578,829 |
| UTILITIES | $527,105 | $527,105 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,070,495 | TotalAmt |
| Program Services | $1,070,495 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,143,350 | TotalAmt |
| Program Services | $11,795,350 | ProgramServicesAmt |
| Management And General | $348,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,882,354 | BOYAmt |
| EOY | $2,787,182 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,431 | BOYAmt |
| EOY | $1,072,219 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,937 | BOYAmt |
| EOY | $30,734 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,649,660 | BOYAmt |
| EOY | $59,328 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $35,444,383 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,511,801 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,610,556 | BOYAmt |
| EOY | $24,932,582 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,000 | BOYAmt |
| EOY | $250,000 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $17,785,689 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,315 | BOYAmt |
| EOY | $95,651 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,585,253 | BOYAmt |
| EOY | $47,013,385 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $542,573 | BOYAmt |
| EOY | $266,120 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,711 | BOYAmt |
| EOY | $56,568 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,735,585 | BOYAmt |
| EOY | $51,922,446 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $308,186 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,317,869 | BOYAmt |
| EOY | $52,553,320 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,267,384 | BOYAmt |
| EOY | -$5,539,935 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,267,384 | BOYAmt |
| EOY | -$5,539,935 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,585,253 | BOYAmt |
| EOY | $47,013,385 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $228,513 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$9,270,733 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$1,765,099 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,657,543 | OtherCostOrOtherBasisAmt |
| Book Value | $5,657,543 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,786,840 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,511,801 | DepreciationAmt |
| Book Value | $19,275,039 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $24,932,582 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED EXPENSES | Desc |
| Amt | $308,186 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $308,186 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $12,371,863 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $12,371,863 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $12,371,863 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $13,908,449 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,765,099 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,765,099 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,143,350 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $12,143,350 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XII, LINE 2D | FormAndLineReferenceDesc |
| Explanation | BOOK / TAX DEPRECIATION DIFFERENCE 1,765,099 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIOMAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KNGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERTO. |
| FORM 990, PAGE 2, PART III, LINE 4D | THE TRUST WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE RELATD BUILDINGS, IMPROVEMENTS, AND FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. |
| FORM 990, PAGE 6, PART VI, LINE 3 | VESTA PROPERTY SERVICES, INC. IS ENGAGED TO MANAGE AND MAINTAIN THE FACILITIES AND TO CARRYOUT THE COLLECTION OF MEMBERSHIP DUES AND FEES AND PAYMENT OF VENDORS. MANAGEMENT USES A THIRD PARTY PAYER TO ADMINISTER PAYROLL. |
| FORM 990, PAGE 6, PART VI, LINE 7B | VOTE GY MEMBERS REQUIRED TO SELL ASSETS OR AMEND THE TRUST AGREEMENT |
| FORM 990, PAGE 6, PART VI, LINE 11B | MANAGEMENT COMPANY REVIEWS AND AGREES TO TRUST RECORDS AND IF THEY TIE OUT THE MANAGEMENT COMPANY DELIVERS TO FEDERATION TO PRESENT TO THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 15A | TRUST EMPLOYS A THIRD PARTY PROFESSIONAL MANAGER AND THAT MANAGER HANDLES ALL EMPLOYMENT COMPENSATION ISSUES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| FORM 990, PART XI, LINE 9 | BOOK / TAX DEPRECIATION DIFFERENCE -1,765,099 |