2025-11-12T13:03:53-06:00 2024-12-31 540737372 PBMARES LLP 6751 PARKER FARM DR 2ND FLOOR WILMINGTON NC 28405 990 2024-01-01 560226706 FORSYTH COUNTRY CLUB FORS 3367680220 3101 COUNTRY CLUB ROAD WINSTONSALEM NC 27104 KYLE SLAGLE CHIEF FINANCIAL OFFICER 3367680220 2025-11-07 1 0 EDWARD T YODER CPA P00239134 9107629671 2025-11-07 X 2024 2025-03-06 01:10:19Z KYLE SLAGLE 3101 COUNTRY CLUB ROAD WINSTONSALEM NC 27104 18554977 0 X WWW.FORSYTHCC.ORG X 1913 NC PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL PURPOSES OF ITS MEMBERS. 9 9 310 9 1611199 103664 24388 0 15840191 17303456 27895 290561 292168 289080 16184642 17883097 0 0 0 0 8302349 9149367 0 0 0 7015390 7469498 15317739 16618865 866903 1264232 25900500 26152800 8799394 7746985 17101106 18405815 PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL NEEDS OF ITS MEMBERS. ACTIVITIES INCLUDE GOLF, TENNIS, SWIMMING, FITNESS CENTER AND DINING. 0 0 GOLF COURSE, GOLF SHOP AND GOLF TOURNAMENTS SERVING APPROXIMATLY 943 MEMBERS. FITNESS CENTER, TENNIS COURTS AND TENNIS TOURNAMENTS SERVING APPROXIMATLY 943 MEMBERS. SWIMMING POOL SERVING APPROXIMATLY 943 MEMBERS. CLUBHOUSE ACTIVITIES INCLUDING ON-SITE FOOD AND BEVERAGE SERVICES SERVING APPROXIMATLY 943 MEMBERS. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 54 0 1 310 1 1 1 0 0 0 1 1 1401374 1471436 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X KYLE SLAGLE 3367680220 3101 COUNTRY CLUB ROAD WINSTONSALEM NC 27104 MICHELLE CLIFTON PRESIDENT 10.00 X X 0 0 0 TIM NERHOOD VICE PRESIDENT 5.00 X X 0 0 0 WILL DOSS SECRETARY/TREASURER 5.00 X X 0 0 0 MIKE CASHIN DIRECTOR 5.00 X 0 0 0 SAMANTHA HOLLACK DIRECTOR 5.00 X 0 0 0 BOB BOLES DIRECTOR 5.00 X 0 0 0 JOHN FAGG DIRECTOR 5.00 X 0 0 0 JOSH CRANE DIRECTOR 5.00 X 0 0 0 RAUL COLON DIRECTOR 5.00 X 0 0 0 PAUL LEE SMITH CHIEF OPERATING OFFICER (DECEASED) 60.00 X 233698 0 22562 KYLE W SLAGLE CHIEF FINANCIAL OFFICER 50.00 X 207475 0 32347 MATTHEW JONES GOLF COURSE SUPERINTENDENT 50.00 X 316504 0 33334 ADAM THOMSON HEAD TENNIS PROFESSIONAL 50.00 X 142212 0 29452 CHASE ADAMS HEAD GOLF PROFESSIONAL 50.00 X 169449 0 26578 RENATE VAN STADEN FITNESS DIRECTOR 45.00 X 108721 0 16524 ZACH CRUM ASSISTANT GENERAL MANAGER 50.00 X 158698 0 25370 LANCE COOK DIRECTOR OF CULINARY 45.00 X 153809 0 8896 1490566 0 195063 8 1 1 0 RUSTON PAVING COMPANY INC 204 SOUTH REGIONAL GREENSBORO NC 27409 PARKING LOT REPAVEMENT 202045 ALLIED UNIVERSAL 1365 WESTGATE CENTER WINSTON SALEM NC 27103 SECURITY SERVICES 153015 FAULKNER FLOORING 3865 REYNOLDA RD WINSTON SALEM NC 27106 FLOORING /CARPET INSTALLATIONS 117005 BRADY TRANE SERVICE 2025 SIXTEENTH ST GREENSBORO NC 27405 HVAC PM/REPAIR 105052 SALEM ELECTRIC CO 3933 W PT BLVD WINSTON SALEM NC 27103 ELECTRICAL LIGHTING INSTALLATIONS 104375 7 MEMBERSHIP DUES 713910 9567406 9567406 FOOD & BEVERAGE 713910 4557567 3184822 1372745 INITIATION FEES 713910 1401374 1401374 GOLF REVENUE 713910 1051336 952645 98691 POOL & FITNESS REVENUE 713910 534332 534332 191441 191441 17303456 110521 110521 180040 0 180040 180040 180040 882639 671880 210759 181517 29242 MISC INCOME 713910 78321 78321 78321 17883097 16271898 1611199 0 496081 6923579 223697 921716 584294 15507 3199 294229 40278 298131 44028 734667 61133 263425 2064453 211368 FOOD & BEVERAGE 1631709 REPAIRS & MAINTENANCE 821011 HOSPITALITY EXPENSE 640513 GOLF COURSE EXPENSES 297087 48760 16618865 3694 50466 1563967 1837796 1778832 1747764 604840 613833 81713 74039 37767816 18961211 19153234 18806605 566023 662424 2148197 2359873 25900500 26152800 935522 1066355 1088149 1149184 6171578 4799765 604145 731681 8799394 7746985 X 17101106 18405815 17101106 18405815 25900500 26152800 X 1264232 41127 -650 X 0 1 X 1 0 948096 948096 22392663 10192783 12199880 9510997 5389947 4121050 4916060 3378481 1537579 18806605 RIGHT OF USE ASSETS 69256 INITIATION FEE RECEIVABLE 2290617 2359873 DEFFERRED COMPENSATION PAYABLE 662424 CAPITAL LEASE OBLIGATION 69257 731681 X 18592905 41127 671880 713007 17879898 3199 3199 17883097 17288196 672530 672530 16615666 3199 3199 16618865 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBERS' TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. FEDERAL INCOME TAXES ARE CALCULATED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS PRINCIPALLY OF INVESTMENT INCOME AND EARNINGS FROM ACTIVITIES WHICH ARE NOT RELATED TO THE EXEMPT PURPOSE OF THE CLUB. FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF THE TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CLUB'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS AND DETERMINED THAT IT HAD NO MATERIAL UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 671,880. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 671,880. CHANGE IN REFUNDABLE MEMBERSHIP CERTIFICATES 650. X 1 1 X X X X X 0 0 0 MATTHEW JONES GOLF COURSE SUPERINTENDENT 229588 0 63102 0 23814 0 13177 0 20157 0 349838 0 0 0 PAUL LEE SMITH CHIEF OPERATING OFFICER (DECEASED) 175709 0 40000 0 17989 0 9658 0 12904 0 256260 0 0 0 KYLE W SLAGLE CHIEF FINANCIAL OFFICER 161648 0 45332 0 495 0 8927 0 23420 0 239822 0 0 0 CHASE ADAMS HEAD GOLF PROFESSIONAL 133198 0 25000 0 11251 0 7272 0 19306 0 196027 0 0 0 ZACH CRUM ASSISTANT GENERAL MANAGER 118556 0 39824 0 318 0 5762 0 19608 0 184068 0 0 0 ADAM THOMSON HEAD TENNIS PROFESSIONAL 60967 0 3628 0 77617 0 5471 0 23981 0 171664 0 0 0 LANCE COOK DIRECTOR OF CULINARY 147381 0 1083 0 5345 0 0 0 8896 0 162705 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THE FOLLOWING CLASSES OF MEMBERSHIP: RESIDENT, SENIOR, ORIGINATING SENIOR, HOUSE, SENIOR HOUSE, PAVILION, NON-RESIDENT, COMPLIMENTARY AND HONORARY. FORM 990, PART VI, SECTION A, LINE 7A ONLY MEMBERS OF THE RESIDENT AND SENIOR MEMBER CLASS SHALL HAVE THE RIGHT TO CAST A VOTE AT THE MEETING OF MEMBERS TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ACTIONS OFTHE BOARD MAY BE SUBJECT TO APPROVAL BY THE MEMBERSHIP OF THE CLUB, ACCORDING TO THE BY-LAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE TAX RETURN, WHICH IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS MUST REVIEW AND SIGN OFF THAT THEY ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND WILL ADHERE TO THE POLICY ON AN ANNUAL BASIS. DURING THE YEAR, MEMBERS WITH CONFLICTS MUST RECUSE THEMSELVES FROM ALL DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS DETERMINED BY AN INDEPENDENT COMPENSATION COMMITTEE THAT MEETS ANNUALLY. THE PROCESS OF DETERMINING COMPENSATION INCLUDES, BUT IS NOT LIMITED TO, A COMPENSATION STUDY OR SURVEY. THE COMPENSATION COMMITTEE REVIEWS MARKET DATA COMPILED BY BOTH THE CLUB MANAGERS ASSOCIATION OF AMERICA AND CLUB BENCHMARKING IN ORDER TO COMPARE THE SALARIES AND BENEFITS OF THE OFFICERS AND EMPLOYEES OF THE ORGANIZATION. ALL DECISIONS OF THE COMPENSATION ARE DOCUMENTEDS IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TREASURY STOCK PURCHASES -650.