2012-11-07T15:00:31-06:00 2011-12-31 420174325 MCGLADREY LLP 1555 PALM BEACH LAKES BLVD SUITE 70 WEST PALM BEACH FL 33401 990 2011-01-01 591856831 DELAIRE COUNTRY CLUB INC DELA 5614999092 4646 WHITE CEDAR LANE DELRAY BEACH FL 33445 MURRAY GROSS 5614999090 2012-11-07 1 FRANK LUCAS P00995244 5616971785 2011 2016-02-25 16:41:14Z MURRAY GROSS 4646 WHITE CEDAR LANE DELRAY BEACH FL 33445 8795601 0 X DELAIRE.ORG X 1978 FL TO BIND THE CLUB'S MEMBERS TOGETHER BY A COMMON PURPOSE DIRECTED PLEASURE AND RECREATION. 9 9 0 0 107691 0 0 0 6655123 7031067 -2323014 -92076 900219 753135 5232328 7692126 0 0 0 0 4362311 4422263 0 0 0 4739918 6975210 9102229 11397473 -3869901 -3705347 15325252 24962711 7401043 19124412 7924209 5838299 DELAIRE COUNTRY CLUB 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 PROVIDES GOLF, TENNIS, AND RESTAURANT FACILITIES TO ITS MEMBERS 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 0 1 1 1 0 0 0 1 1 0 199418 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 X LINDA RODGERS CONTROLLER 5614999092 4646 WHITE CEDAR LANE DELRAY BEACH FL 334457028 GARY ROSE 20.00 X X 0 0 0 SID SILVER 3.00 X X 0 0 0 STAN DRAZEN 3.00 X X 0 0 0 MURRAY GROSS 16.00 X X 0 0 0 ALLEN KILIK 10.00 X X 0 0 0 LIZ GREENER 3.00 X 0 0 0 RON ELLISH 3.00 X 0 0 0 ED BERMAN 3.00 X 0 0 0 DAN WEISS 3.00 X 0 0 0 TRENT R SQUIRE 52.50 X 204700 0 0 LINDA RODGERS 42.50 X 87500 0 0 JOE JONES 57.50 X 134625 0 0 GLENN MATUSIK 52.50 X 145841 0 0 STEPHEN VERVILE 57.50 X 125404 0 0 698070 0 0 4 0 1 1 KAUFMAN & LYNN 322 BANYAN TRAIL SUITE 300 BOCA RATON FL 33431 GENERAL CONTRACTOR 6673758 IMAGE DESIGN 3330 CUMBERLAND BLVD SUITE 100 ATLANTA GA 30339 INTERIOR DESIGNERS 1333871 M&P SERVICES PO BOX 6969 DELRAY BEACH FL 33482 LANDSCAPING 457690 BLUE CROSS BLUE SHIELD POBOX 660299 DALLAS TX 75266 HEALTH INSURANCE 422900 LRS TENNIS 4645 WHITE CEDAR LANE DELRAY BEACH FL 33445 TENNIS PRO 172467 5 MEMBER DUES 713910 6682529 6682529 OPERATING ASSESSMENT 713910 221258 221258 ACTIVITIES 713910 127280 127280 7031067 914 914 9600 9600 0 0 16885 109875 -92990 -92990 -92990 1681289 984000 697289 590512 106777 OTHER INCOME 713910 55846 55846 55846 7692126 7677425 107691 -92990 X 3633550 788713 345131 1766593 123277 UNRELATED BUSINESS INCO 158 INTEREST RATE SWAP 1335070 GOLF COURSE MAINTENANCE 857837 SOCIAL 676528 1870616 11397473 223958 730870 544265 550481 75000 60000 244723 296673 99202 210369 31895881 9188120 13771732 22707761 366372 406557 15325252 24962711 413728 771707 6150000 1124132 837315 17228573 7401043 19124412 X 7924209 5838299 7924209 5838299 15325252 24962711 X -3705347 1619437 X X 0 1 1 X 0 897903 897903 16817184 5115139 11702045 5972838 1816707 4156131 8207956 2256274 5951682 22707761 CONTRUCTION PAYABLE 17635 LONG TERM DEBT 15875868 INTEREST RATE SWAP AGREEMENT 1335070 17228573 7692126 11397473 -3705347 1619437 1619437 -2085910 8685568 984000 984000 7701568 158 -9600 -9442 7692126 12390915 993600 993600 11397315 158 158 11397473 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITH THE INCOME TAXES TOPIC OF FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CAPITAL ASSESSMENTS 1,566,437. INITIATION FEES 205,000. ISSUANCE OF EQUITY MEMBERSHIP BONDS 644,000. REDEMPTIONS OF EQUITY MEMBERSHIP BONDS -796,000. TOTAL TO SCHEDULE D, PART XI, LINE 8: 1,619,437. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 984,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATED RENTAL EXPENSE -9,600. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 984,000. ALLOCATED RENTAL EXPENSE 9,600. X 0 0 0 TRENT R SQUIRE 182200 0 7500 0 15000 0 0 0 0 0 204700 0 0 0 LINDA RODGERS 81250 0 6250 0 0 0 0 0 0 0 87500 0 0 0 JOE JONES 133875 0 750 0 0 0 0 0 0 0 134625 0 0 0 GLENN MATUSIK 143041 0 2800 0 0 0 0 0 0 0 145841 0 0 0 STEPHEN VERVILE 123704 0 1700 0 0 0 0 0 0 0 125404 0 0 0 SUPPLEMENTAL INFORMATION PART III THE ORGANIZATION HAS AN EMPLOYEE LEASING ARRANGEMENT WITH STAFFING CONCEPTS INTERNATIONAL INC. WHEREBY ALL OF THE ORGANIZATION'S EMPLOYEES ARE LEASED. ALL COMPENSATION REPORTED ON FORM 990 PART VII, FORM 990 PART IX AND SCHEDULE J REPRESENTS THE AMOUNTS PAID TO STAFFING CONCEPTS INTERNATIONAL INC., AN UNRELATED ORGANIZATION. TRENT SQUIRE X 75000 60000 0 1 1 60000 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: FULL GOLF MEMBERS, FULL NON-RESIDENT GOLF MEMBERS, AND ASSOCIATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B BY-LAW CHANGES, ARTICLE CHANGES, CAPITAL EXPENDITURES OVER $50,000 OR CAPITAL EXPENDITURES OVER $200,000 IN AGGREGATE FOR THE FISCAL YEAR MUST BE APPROVED BY ALL ELIGIBLE MEMBERSHIP CATEGORIES ALLOWED TO VOTE ON THAT ITEM. FORM 990, PART VI, SECTION B, LINE 11 THE CLUB DOES NOT BELIEVE IT IS EITHER 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 CONTROLLER. THE CONTROLLER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS, IN ITS ENTIRETY, PRIOR TO THE FILING OF THE FORM. 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 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST OR INSPECTION AT THE CLUB. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24E TEMPORARY FACILITIES: TOTAL EXPENSES 252,037. ADMINISTRATIVE & GENERAL: TOTAL EXPENSES 240,990. ENERGY COSTS: TOTAL EXPENSES 238,907. PROPERTY TAXES: TOTAL EXPENSES 225,797. HOUSE PROPERTY: TOTAL EXPENSES 218,810. FOOD AND BEVERAGE: TOTAL EXPENSES 189,925. GOLF PROSHOP: TOTAL EXPENSES 148,920. TENNIS: TOTAL EXPENSES 137,436. ENTERTAINMENT: TOTAL EXPENSES 116,086. LANDSCAPING: TOTAL EXPENSES 70,505. LOCKER RENTAL: TOTAL EXPENSES 15,918. FITNESS: TOTAL EXPENSES 8,087. POOL: TOTAL EXPENSES 7,198. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CAPITAL ASSESSMENTS 1,566,437. INITIATION FEES 205,000. ISSUANCE OF EQUITY MEMBERSHIP BONDS 644,000. REDEMPTIONS OF EQUITY MEMBERSHIP BONDS -796,000. TOTAL TO FORM 990, PART XI, LINE 5: 1,619,437. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.