2012-05-14T14:43:10-05:00 2011-12-31 161375790 DEJOY KNAUF & BLOOD LLP 39 STATE STREET SUITE 600 ROCHESTER NY 14614 990 2011-01-01 160557750 MONROE GOLF CLUB INC MONR 5855863440 155 GOLF AVENUE PITTSFORD NY 14534 COLIN E SIMPSON 5855863440 2012-05-11 1 TIMOTHY P THANEY CPA P01231250 5855461840 2012-05-11 2011 2016-02-24 21:20:13Z COLIN E SIMPSON 155 GOLF AVENUE PITTSFORD NY 14534 5656864 0 X WWW.MONROEGOLFCLUB.COM X 1923 NY MONROE GOLF CLUB, INC. EXISTS TO PROMOTE GOLF, SOCIAL AND RECREATIONAL FELLOWSHIP AMONG ITS MEMBERS AND THEIR FAMILIES WHILE OPERATING IN A PROFESSIONAL, FINANCIALLY PRUDENT AND ETHICAL MANNER. 13 13 200 25 188650 0 24000 12000 3329127 3559453 15032 5400 1303106 1367558 4671265 4944411 0 0 0 0 2454624 2488618 0 0 0 2241520 2272835 4696144 4761453 -24879 182958 7816944 7801155 3550830 3396240 4266114 4404915 MONROE GOLF CLUB, INC. EXISTS TO PROMOTE GOLF, SOCIAL AND RECREATIONAL FELLOWSHIP AMONG ITS MEMBERS AND THEIR FAMILIES WHILE OPERATING IN A PROFESSIONAL, FINANCIALLY PRUDENT AND ETHICAL MANNER. 0 0 N/A 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 0 1 1 0 1 200 1 1 1 0 0 0 0 720503 288277 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X PAMELA WERNER 5855863440 155 GOLF AVENUE PITTSFORD NY 14534 STEPHEN MCCLUSKI 2.00 X X 0 0 0 DONALD REEVE 2.00 X X 0 0 0 R THOMAS FLYNN 2.00 X X 0 0 0 THOMAS MERKEL 2.00 X X 0 0 0 DANIEL PURCELL 2.00 X X 0 0 0 RICHARD CHAMPION 2.00 X 0 0 0 SCOTT ANTHONY 2.00 X 0 0 0 JOHN KIRCHER 2.00 X 0 0 0 HOWARD MAFFUCCI 2.00 X 0 0 0 JAMES MALVASO 2.00 X 0 0 0 TERRANCE EMMENS 2.00 X 0 0 0 R HARVEY TAYLOR 2.00 X 0 0 0 TIMOTHY NALLY 2.00 X 0 0 0 ERIC WEBBER 2.00 X 0 0 0 COLIN SIMPSON 40.00 X 171136 0 0 171136 0 0 1 0 1 0 0 12000 12000 MEMBERSHIP DUES AND AS 713910 3222856 3222856 GREENS FEES 713910 167170 167170 GOLF CART RENTAL 713910 93438 93438 GOLF SERVICE FEE 713910 69079 69079 SWIMMING POOL INCOME 713910 3944 3944 2966 2966 3559453 5400 5400 5400 5400 2062195 712453 1349742 1161092 188650 OTHER INCOME 713910 9473 9473 INTEREST AND LATE FEE 713910 8343 8343 17816 4944411 4738361 188650 5400 171306 1883600 18548 162266 252898 15000 11709 593223 36423 179054 575247 UTILITIES 200814 PROPERTY TAXES 194276 EQUIPMENT RENTAL AND MA 115074 INSURANCE 52023 299992 4761453 440531 655974 100423 101050 472756 313672 144410 157753 92719 93945 15927556 9721235 6296752 6206321 259161 264499 10192 7941 7816944 7801155 325713 224674 2532074 2439766 693043 731800 3550830 3396240 X 4242285 4404915 23829 0 4266114 4404915 7816944 7801155 X 182958 -44157 X 0 1 1 X 0 54311 54311 10252006 5875034 4376972 2072485 1726800 345685 3548754 2119401 1429353 6206321 INTEREST SWAP AGREEMENT 494800 REFUNDABLE MEMBER ASSESSMENT 237000 731800 4944411 4761453 182958 -44157 -44157 138801 5651464 712453 712453 4939011 5400 5400 4944411 5473906 712453 712453 4761453 0 4761453 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CLUB IS AN EXEMPT ORGANIZATION PURSUANT TO SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE CLUB HAS CERTAIN ACTIVITIES AND INCOME UNRELATED TO ITS EXEMPT PURPOSE AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON THESE UNRELATED ACTIVITIES. IN ACCORDANCE WITH GAAP, THE CLUB EVALUATES WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CLUB MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE CLUB HAS NO UNCERTAIN TAX POSITIONS, INCLUDING THE TAX-EXEMPT STATUS OF THE CLUB AS OF DECEMBER 31, 2011. THE CLUB IS REQUIRED TO FILE ANNUAL RETURNS WITH FEDERAL AND NEW YORK STATE TAXING AUTHORITIES. AT DECEMBER 31, 2011, THE CLUBS FEDERAL AND STATE ANNUAL RETURNS REMAIN SUBJECT TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES PRIOR TO 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FMV OF THE SWAP AGREEMENT -44,157. PART XII, LINE 2D - OTHER ADJUSTMENTS: RESTAURANT AND BAR COSTS 712,453. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF PROPERTY AND EQUIPMENT 5,400. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RESTAURANT AND BAR COSTS 712,453. X 0 0 X X X 0 0 0 COLIN SIMPSON 171136 0 0 0 0 0 0 0 0 0 171136 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MONROE GOLF CLUB HAS MEMBERS IN VARIOUS CATEGORIES. CERTIFICATE MEMBERS ARE ENTITLED VOTING PRIVILEGES FOR ALL CLUB MATTERS. OTHER MEMBERS MAY VOTE ON SPECIFIC ISSUES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ANNUALLY FOR THE BOARD OF GOVERNORS WHO SERVE A 3 YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B CERTIFICATE MEMBERS VOTE ANNUALLY FOR ON INCREASES IN MEMBERSHIP DUES. ANY ASSESSMENTS OVER CERTAIN MINIMUMS MUST BE VOTED POSITIVELY BY A MAJORITY OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE TREASURER OF THE BOARD AND THE FINANCE COMMITTEE AND COPIES OF THE FORM 990 ARE MADE AVAILABLE TO BOARD OF GOVERNORS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY THE BOARD OF GOVERNORS. THE PRESIDENT OF THE BOARD REVIEWS THEM AND DETERMINES IF ADDITIONAL ACTIONS ARE REQUIRED. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF CHIEF OPERATING OFFICER IS REVIEWED ANNUALLY BY THE PRESIDENT AND THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 MONROE GOLF CLUB, INC. IS A PRIVATE CLUB AND MAKES INFORMATION AVAILABLE TO CLUB MEMBERS UPON REQUEST AFTER EVALUATION OF THE REQUEST BY MANAGEMENT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN FMV OF THE SWAP AGREEMENT -44,157. TOTAL TO FORM 990, PART XI, LINE 5: -44,157.