2018-11-08T10:17:08-06:00 2017-12-31 420714325 RSM US LLP 5551 RIDGEWOOD DRIVE SUITE 401 NAPLES FL 34108 990 2017-01-01 650066096 THE FOREST COUNTRY CLUB INC FORE 2394828378 6100 CLUB BLVD SW FT MYERS FL 33908 MATT GAUDET GENERAL MANAGER 2394828378 2018-11-08 1 CHRISTOPHER CECIL P01877773 2395960105 2018-11-08 69.174.87.172 2018-11-08 11:16:58 ES P D6E568AFA2E5B1AEF8A3CDE126BC1E72B7E64E3B 4C1CA6CF951B9AFBB475C80B6A1091FE6A0EBE72 2017 2019-02-21 02:37:17Z MATT GAUDET 6100 CLUB BLVD SW FT MYERS FL 33908 7559614 0 X WWW.THEFORESTCC.COM X 1988 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 149 85 529033 2802 0 0 5035755 5001197 13437 3993 1033555 1825486 6082747 6830676 0 0 0 0 3530874 3548545 0 0 0 3647162 4254760 7178036 7803305 -1095289 -972629 14207170 17088599 7108890 8390996 7098280 8697603 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 12/31/17 WERE APPROXIMATELY 43,109 OF WHICH APPROXIMATELY 6,817 ROUNDS WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 12/31/17 WAS $1,394,854 OF WHICH $259,209 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 48 0 1 149 1 1 1 0 0 0 1 1 0 626641 0 X 9 9 0 0 1 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 BOB LABADIE PRESIDENT 1.00 X X 0 0 0 KEN EDGE VICE PRESIDENT 1.00 X X 0 0 0 KRISTY GUDOBBA SECRETARY 1.00 X X 0 0 0 BOB GLANCY TREASURER 1.00 X X 0 0 0 ED BELL DIRECTOR 1.00 X 0 0 0 RON BOUDREAUX DIRECTOR 1.00 X 0 0 0 BURT KAINEN DIRECTOR 1.00 X 0 0 0 CHUCK PATTEN DIRECTOR 1.00 X 0 0 0 DENNIS WILDER DIRECTOR 1.00 X 0 0 0 FRANK AGNELLO JR CFO 40.00 X 140033 0 12300 MATT GAUDET GENERAL MANAGER 40.00 X 186689 0 11756 JOHN GALLAGHER DIRECTOR OF GOLF COURSE MAINTENANCE 40.00 X 115063 0 14615 441785 0 38671 3 0 1 0 CITRON LANDSCAPE SERVICES INC 7430 MUSKETEER LANE FORT MYERS FL 33912 HURRICANE TREE & DEBRIS REMOVAL 401995 FLORIDA BLUE PO BOX 45296 JACKSONVILLE FL 32232 HEALTH INSURANCE 388120 CITRON LAWN MAITENANCE 7430 MUSKETEER LANE FORT MYERS FL 33912 HURRICANE TREE & DEBRIS REMOVAL 216270 FLORIDA POWER & LIGHT COMPANY 1833 LEE STREET FORT MYERS FL 33901 UTILITY-ELECTRICITY 184921 4 MEMBERSHIP DUES & ASSESSMENTS 713910 3642968 3642968 GREENS AND CART FEES 713910 1291824 924392 367432 LOCKER RENTALS 713910 46831 46831 OTHER GOLF REVENUE 713910 19574 19574 5001197 5241 5241 3050 1634 1416 1416 1416 2500 3748 -1248 -1248 -1248 1611090 723556 887534 732590 154944 HURRICANE INSURANCE PROCEEDS 713910 761382 761382 EQUITY EXCHANGE 713910 80238 80238 MISCELLANEOUS 713910 48179 48179 46737 46737 936536 6830676 6302891 529033 -1248 2754722 529231 264592 163721 966213 200726 GOLF COURSE MAINTENANCE 916504 HURRICANE EXPENSES 761382 CLUBHOUSE 337859 GOLF ACTIVITIES 284603 623752 7803305 876781 3975914 318742 121050 83435 209813 256212 265615 26916835 14400628 12672000 12516207 14207170 17088599 852967 1160297 1993262 2165620 3862635 3306675 400026 1758404 7108890 8390996 X 7098280 8697603 7098280 8697603 14207170 17088599 X -972629 2571952 X X 0 1 X 1 0 4865922 4865922 6530221 5322200 1208021 3659654 2844066 815588 11861038 6234362 5626676 12516207 REFUNDABLE CAPITAL ASSESSMENTS 138000 DEFERRED LIFE MEMBERS 166787 DEFERRED INSURANCE PROCEEDS 1453617 1758404 X 7555865 725189 725189 6830676 0 6830676 8528494 725189 725189 7803305 0 7803305 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 723,556. RENTAL EXPENSE 1,633. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,633. RENTAL EXPENSE 723,556. X X X X 0 0 0 FRANK AGNELLO JR CFO 123704 0 5000 0 11329 0 2098 0 10202 0 152333 0 0 0 MATT GAUDET GENERAL MANAGER 135995 0 30000 0 20694 0 1554 0 10202 0 198445 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE CLUB'S BY-LAWS WERE UPDATED IN MARCH TO REFLECT THE FOLLOWING CHANGES: 1.1(L) CLEARER DEFINITION OF "EQUITY ASSIGNED MEMBER." 1.1(O) REMOVE DEFINITION OF "FOREST COMMUNITY" AS NO LONGER RELEVANT OR NECESSARY. 1.1(P) ADDED DEFINITION OF "LIFE MEMBER". 5.2 DETAIL REGARDING MEMBERSHIP PROCEDURE TO BE DEALT WITH IN THE RULES. 5.3 RESTATED TO REFLECT FITNESS ROOM, BOCCE, ETC. 6.3 REMOVE DEFINITION OF "RESIDENTIAL MEMBERSHIPS" AS NO LONGER RELEVANT OR NECESSARY. 7.1(C) CLARIFY PROCEDURE FOR PURCHASING FROM THE REDEMPTION LIST. 7.1(D) EXTEND THE BENEFIT TO ALL RETIRED MEMBERS, NOT JUST THOSE IN THE "FOREST COMMUNITY." 8.1 RE-WRITTEN TO CLARIFY RESIGNATION PROCEDURE. 9.4 PERMITS FINANCIAL STATEMENTS TO BE VIEWED ON LINE RATHER THAN SENT BY REGULAR MAIL FOR THE ANNUAL MEETING. 10.8 PERMITS USE OF E-MAIL. 10.13 PERMITS USE OF E-MAIL. 11.9 CLARIFY PROCEDURE IF NO CONTESTED ELECTION IS NECESSARY. 12.2(C) REMOVE EXAMPLES OF "ADVISORY COMMITTEES". 12.2(E) SPECIFY THAT THE BOARD HAS RESPONSIBILITY FOR MARKETING AND ENHANCING THE CLUB. 12.2(J) MODIFY TO REFLECT EQUITY ASSIGNMENT MEMBERSHIPS. 12.3(B) UPDATE THE AMOUNT AND PROVIDE FOR THE EFFECT OF INCREASING MEMBERSHIP. 12.3(C) MAKE CLEAR THAT THE BOARD CAN ASSESS MEMBERS IN THE CASE OF A FIRE OR NATURAL DISASTER. 12.3(E) PERMIT EXCESS CAPITAL FUNDS TO BE EXPENDED UPON THE VOTE OF SIX OR MORE DIRECTORS. 12.4 SPELL OUT THE RIGHTS OF MEMBERS TO REVIEW CLUB DOCUMENTS AND DEFINE THOSE DOCUMENTS THAT ARE EXEMPT FROM DISCLOSURE. 12.7 STRENGTHEN CONFLICT OF INTEREST PROVISIONS. THE OLD SECTION 19 HAS BEEN DELETED AS IT IS NO LONGER APPLICABLE. 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, AND TREASURER. 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 506,208. MEMBERSHIP ISSUANCES AND TRANSFERS 137,363. GOLF COURSE RENOVATION ASSESSMENTS 1,928,381. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.