2025-11-17T13:11:20-06:00 2024-12-31 581460137 WILLIAMS BENATOR & LIBBY LLP 1040 CROWN POINTE PKWY STE 900 ATLANTA GA 30338 990 2024-01-01 580522414 THE STANDARD CLUB STAN 7704970055 6230 ABBOTTS BRIDGE RD JOHNS CREEK GA 30097 MICHAEL JACOBSON PRESIDENT 7704970055 2025-11-17 1 1 DAVID A NASH CPA P01390608 7705120500 2025-11-17 2024 2025-03-06 01:10:19Z MICHAEL JACOBSON 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 7544930 0 X WWW.STANDARDCLUB.ORG X 1904 GA WE STRIVE TO PROVIDE ALL MEMBERS WITH THE FINEST OF FACILITIES AND THE BEST IN SERVICE WHILE MAINTAINING THE HIGHEST STANDARDS OF GRACIOUS HOSPITALITY AND PRESERVING THE STANDARD CLUB'S FINE REPUTATION AND TRADITION IN EXCELLENCE. 7 7 0 0 755677 11080 0 0 9885626 7388412 77361 18572 627576 137946 10590563 7544930 0 0 0 0 0 0 0 0 0 7416906 8711965 7416906 8711965 3173657 -1167035 20913131 20706676 5017586 4727329 15895545 15979347 WE STRIVE TO PROVIDE ALL MEMBERS WITH THE FINEST OF FACILITIES AND THE BEST IN SERVICE WHILE MAINTAINING THE HIGHEST STANDARDS OF GRACIOUS HOSPITALITY AND PRESERVING THE STANDARD CLUB'S FINE REPUTATION AND TRADITION IN EXCELLENCE. 0 0 TO PROVIDE A PRIVATE GOLF, TENNIS, AND RECREATION DESTINATION SERVING AS A HOME AWAY FROM HOME FOR AN INCLUSIVE MEMBERSHIP DESIRING A CONTEMPORARY, FULL-SERVICE COUNTRY CLUB EXPERIENCE. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 0 1 1 1 0 0 0 1 1 0 0 0 737105 0 0 0 X 7 7 0 1 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X X TROON CLUB MANAGEMENT 7704970055 6230 ABBOTTS BRIDGE ROAD JOHNS CREEK GA 30097 X X JEFFREY KAPLIN TREASURER 1.00 X X 0 0 0 ROBERT FRIEDMAN SECRETARY 1.00 X X 0 0 0 DAVID WEINTRAUB BOARD MEMBER 1.00 X 0 0 0 MICHAEL JACOBSON PRESIDENT 1.00 X 0 0 0 DON ARONIN VICE PRESIDENT 1.00 X X 0 0 0 ALAN COHEN BOARD MEMBER 1.00 X 0 0 0 ROBERT KWATNEZ BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 TROON GOLF LLC 15044 N SCOTTSDALE ROAD SUITE 300 SCOTTSDALE AZ 85254 MANAGEMENT SERVICES 3755908 GREEN TEE GOLF INC 2502 REYNOLDS INDUSTRIAL RD AUGUSTA GA 30907 MAINTENANCE 2168417 PTP CONSTRUCTION SERVICES LLC 391 CONYERS RD LOGANVILLE GA 30052 CONSTRUCTION 622122 HIGHLAND TURF SOLUTIONS LLC PO BOX 218 ELK PARK NC 28622 MAINTENANCE 350665 DARKO & BYRD TENNIS LLC 3156 CHRISTOPHERS BEND ELLENWOOD GA 30294 TENNIS ACADEMY AND LESSONS 221195 5 MEMBERSHIP DUES 713910 3856376 3856376 GOLF/TENNIS ACTIVITIES 713910 2075479 1818080 257399 FOOD & BEVERAGE 713910 1456557 976851 479706 7388412 18572 18572 GAIN OR LOSS ON DISPOS 713910 129432 129432 OTHER INCOME 713910 8514 8514 137946 7544930 6789253 755677 0 20720 1238367 SPORTS ACTIVITIES 3385889 FOOD AND BEVERAGE 1678454 PROPERTY OPERATIONS 1078093 ADMINISTRATIVE 791044 519398 8711965 2861495 647256 534547 563882 178025 208199 100351 37821 46213456 28987722 15326240 17225734 1912473 2023784 20913131 20706676 1109888 423309 14750 2656018 1901338 1236930 2402682 5017586 4727329 X 15895545 15979347 15895545 15979347 20913131 20706676 -1167035 1250837 0 X X 0 1 X 1 0 7968666 7968666 17674639 14388675 3285964 1587434 1010823 576611 18982717 13588224 5394493 17225734 ROU ASSETS 650660 FINANCING LEASE 643247 DEFERRED COMPENSATION 729877 2023784 DEFERRED COMPENSATION 729877 ROU ASSET & LEASE LIABILITIES 971305 MEMBERSHIP CERTIFICATES 701500 2402682 X 7544930 0 7544930 0 7544930 8711965 0 8711965 0 8711965 PART X, LINE 2: UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, THE CLUB IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM INVESTMENT INCOME, NONMEMBER INCOME AND CORPORATE MEMBERSHIPS. THE CLUB UTILIZIES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN NOTE THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. FORM 990, PART VI, SECTION A, LINE 3 ON APRIL 1, 2019, THE STANDARD CLUB ENTERED INTO A PRIVATE GOLF CLUB FACILITY MANAGEMENT AGREEMENT WITH TROON GOLF, LLC FOR MANAGEMENT AND OPERATION OF THE CLUB AS WELL AS VARIOUS CENTRALIZED AND SHARED ACCOUNTING SERVICES. THE TERM OF THE AGREEMENT RUNS FROM APRIL 1, 2019 THROUGH DECEMBER 31, 2024, WITH AUTOMATIC ANNUAL RENEWALS ON JANUARY 1 OF THE SUCCEDING YEAR UNLESS THE CLUB WISHES TO CANCEL THE AGREEMENT BY GIVING ADVANCE NOTICE TO TROON. FORM 990, PART VI, SECTION A, LINE 4 THERE WERE AMENDMENTS TO THE CLUB'S BYLAWS IN DECEMBER 2023. THESE CHANGES ALLOWS THE GOVERNING BOARD TO AUTHORIZE VOTING BY ELECTRONIC TRANSMISSION ONLY UPON CONDITIONS DETERMINED BY THE GOVERNING BOARD AND ONLY IN ACCORDANCE WITH THE GEORGIA NONPROFIT CORPORATION CODE. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO CATEGORIES OF MEMBERSHIP: PROPRIETARY AND NONPROPRIETARY. PROPRIETARY AND NONPROPRIETARY MEMBERS SHALL HAVE THE RIGHT TO VOTE AT MEMBERSHIP MEETINGS AND SHALL HAVE THE RIGHT TO HOLD OFFICE. PROPRIETARY MEMBERS SHALL BE DEEMED OWNERS OF THE PROPERTY OF THE CLUB AND NONPROPRIETARY MEMBERS ARE DEEMED TO HAVE NO OWNERSHIP INTEREST IN THE PROPERTY OF THE CLUB. ONLY PROPRIETARY MEMBERS IN GOOD STANDING SHALL HAVE THE RIGHT TO VOTE UPON THE SALE, EXCHANGE, CONVEYANCE, TRANSFER, MORTGAGE, OR PLEDGE OF ALL, OR SUBSTANTIALLY ALL OF THE ASSETS AND PROPERTIES OF THE CLUB, OR UPON DISSOLUTION, OR WINDING UP OF THE CLUB FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: PROPRIETARY AND NONPROPRIETARY MEMBERS OF ANY CLASS, IN GOOD STANDING, SHALL HAVE THE RIGHT TO VOTE AT MEMBERSHIP MEETINGS AND SHALL HAVE THE RIGHT TO HOLD OFFICE. THE MEMBERSHIP VOTES FOR WHICH MEMBERS ARE ELECTED TO THE BOARD OF GOVERNORS. THE BOARD MEMBERS SHALL ELECT MEMBERS IN GOOD STANDING TO FILL VACANCIES IN THE BOARD TO SERVE UNTIL THE NEXT ANNUAL MEETING OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7B BOTH PROPRIETARY AND NONPROPRIETARY MEMBERS HAVE THE RIGHT TO VOTE AT MEMBERSHIP MEETINGS. ONLY PROPRIETARY MEMBERS, IN GOOD STANDING, CAN VOTE UPON THE SALE, EXCHANGE, CONVEYANCE, TRANSFER, MORTGAGE, OR PLEDGE OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS AND PROPERTIES OF THE CLUB, OR UPON DISSOLUTION, OR WINDING UP OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B APPROPRIATE MEMBERS OF THE BOARD REVIEW THE TAX RETURN BEFORE FILING WITH THE IRS. NOT ALL MEMBERS OF THE BOARD REVIEW THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM UPON HIRE, AND MUST UPDATE/SIGN AT THE START OF EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 DIRECTORS AND OFFICERS ARE NOT COMPENSATED. THE BOARD SETS THE GENERAL MANAGER'S SALARY AND THE GENERAL MANAGER WITH THE APPROVAL FROM THE BOARD OF DIRECTORS SET THE DEPARTMENT HEAD SALARIES. FORM 990, PART VI, SECTION C, LINE 18 COPY AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST. FORM 990, PART VII, SECTION A GENERAL MANAGER, JOE LANGFORD, IS COMPENSATED BY TROON GOLF, LLC, THE MANAGEMENT COMPANY FOR THE CLUB. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.