WAIALAE COUNTRY CLUB: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WAIALAE COUNTRY CLUB (EIN 99-0057829)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-12
- IRS object ID
- 201243179349301199
- Schema version
- 2011v1.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-12T11:42:33-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4150 | AddressLine1 |
| City | Honolulu | City |
| State | HI | State |
| ZIP Code | 968124150 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 990057829 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAIALAE COUNTRY CLUB | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % WAIALAE COUNTRY CLUB | InCareOfName |
| Name Control | WAIA | NameControl |
| Phone | 8087342151 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4997 KAHALA AVENUE | AddressLine1 |
| City | HONOLULU | City |
| State | HI | State |
| ZIP Code | 96816 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ALLAN SU LUM | Name |
| Title | ASSISTANT TREASURER | Title |
| Phone | 8087342151 | Phone |
| Date Signed | 2012-11-09 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8085402800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Allan S U Lum | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4997 Kahala Avenue | AddressLine1 |
| City | Honolulu | City |
| State | HI | State |
| ZIP Code | 96816 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18307396 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.waialaecc.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1942 | YearFormation |
| State Legal Domicile | HI | StateLegalDomicile |
| Activity Or Mission Description | a club for golf, social fellowship and companionship among its members, and for their recreation and for the entertainment of their friends and guests. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 240 | TotalNbrEmployees |
| Total Gross UBI | 1281803 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -516405 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8691927 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2696401 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12127558 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 462421 | InvestmentIncomePriorYear |
| Investment Income Current Year | 99776 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2206010 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1687125 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14056759 | TotalRevenuePriorYear |
| Total Revenue Current Year | 13914459 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 10000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6678130 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8624063 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6314932 | OtherExpensePriorYear |
| Other Expenses Current Year | 6989897 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 12993062 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15623960 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1063697 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1709501 | RevenuesLessExpensesCY |
| Total Assets BOY | 29375763 | TotalAssetsBOY |
| Total Assets EOY | 30471581 | TotalAssetsEOY |
| Total Liabilities BOY | 17388635 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 19706320 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 11987128 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10765261 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO FORM, CONDUCT AND CARRY ON A CLUB FOR GOLF, SOCIAL FELLOWSHIP AND COMPANIONSHIP AMONG ITS MEMBERS, AND FOR THEIR RECREATION AND FOR THE ENTERTAINMENT OF THEIR FRIENDS AND GUESTS, WITH THE PRIVILEGE OF PROVIDING AND FURNISHING PREMISES FOR THE LOCATION OF THE CLUB WHERE THE CLUB MAY SELL TO AND PROVIDE FOR ITS MEMBERS, FRIENDS AND GUESTS GOODS AND REFRESHMENTS OF ALL KINDS CONNECTED WITH THE CONDUCT. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | THE CLUB'S PRIMARY FACILITIES INCLUDE A GOLF COURSE, TENNIS COURTS, AND DINING OPERATIONS. FACILITIES ARE AVAILABLE TO MEMBERS AND THEIR GUESTS. MEMBERSHIP IN THE CLUB IS BY INVITATION ONLY, AND IS PREDOMINANTLY COMPRISED OF RESIDENTS OF THE STATE OF HAWAII. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 82 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 240 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Initiation Fees | $2,180,600 | InitiationFeesAmount |
| Gross Receipts | $1,303,540 | GrossReceiptsAmount |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WAIALAE COUNTRY CLUB | NamePerson |
| Telephone Number | 8087342151 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4997 KAHALA AVENUE | AddressLine1 |
| City | HONOLULU | City |
| State | HI | State |
| ZIP Code | 96816 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| CEDRIC CHOI | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| MILES FURUTANI | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| GEORGE SUMNER III | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| HERBERT CHOCK | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| MELVYN MURAKAMI | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| MICHAEL HIRAI | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| THOMAS FARGO | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| KEVIN CHEE | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| NEAL KANDA | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| BRUCE MATSUSHITA | ||||||||
| PRESIDENT | 2.0 | X | 7020 | 0 | 0 | X | ||
| RANDALL YS CHUNG | ||||||||
| PRESIDENT-ELECT / DIRECTOR | 2.0 | X | 0 | 0 | 0 | X | ||
| ALLAN KIMI | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| CLYDE MATSUI | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| THOMAS HIRAI | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| RAYMOND ONO | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| LAWRENCE RODRIGUEZ | ||||||||
| DIRECTOR | 0.5 | X | 0 | 0 | 0 | |||
| C SCOTT WO | ||||||||
| OUTGOING PRESIDENT | 0.5 | X | 0 | 0 | 0 | X | ||
| RICHARD INGERSOLL | ||||||||
| SECRETARY | 2.0 | 7625 | 0 | 0 | X | |||
| ALLAN SU LUM | ||||||||
| ASST SECRETARY/ASST TREASURER | 40.0 | 203193 | 0 | 16670 | X | |||
| JAMES AHLOY | ||||||||
| TREASURER | 3.0 | 4141 | 0 | 0 | X | |||
| DAVE NAKAMA | ||||||||
| GOLF COURSE SUPERINTENDENT | 40.0 | 157500 | 0 | 8272 | X | |||
| KATHLEEN MATTOS | ||||||||
| CLUBHOUSE MANAGER | 40.0 | 147919 | 0 | 9281 | X | |||
| KEVIN CARLL | ||||||||
| HEAD GOLF PROFESSIONAL | 40.0 | 101727 | 0 | 7653 | X | |||
| MILES ISHIMA | ||||||||
| CONTROLLER | 40.0 | 117505 | 0 | 13499 | X | |||
| GUIDO ULMANN | ||||||||
| EXECUTIVE CHEF | 40.0 | 124238 | 0 | 3358 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 870868 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 58733 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KPMG LLP | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4150 | AddressLine1 |
| City | HONOLULU | City |
| State | HI | State |
| ZIP Code | 968124150 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | ACCOUNTING SERVICES | DescriptionOfServices |
| Compensation | 106676 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MEMBER SERVICES | 713910 | 2254926 | 2254926 | |
| SONY OPEN GOLF TOURNAMENT | 713910 | 449621 | 449621 | |
| MEMBERSHIP DUES | 713910 | 9423011 | 9423011 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12127558 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 109465 | TotalRevenueColumn |
| Unrelated Business Revenue | 109465 | UnrelatedBusinessRevenue |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 311439 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 492778 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -181339 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -181339 | TotalRevenueColumn |
| Unrelated Business Revenue | -181339 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2673988 | Securities |
| Other | 11620 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2638578 | Securities |
| Other | 56719 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 35410 | Securities |
| Other | -45099 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -9689 | TotalRevenueColumn |
| Unrelated Business Revenue | 35410 | UnrelatedBusinessRevenue |
| Exclusion | -$45,099 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 3064780 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1204862 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1859918 | TotalRevenueColumn |
| Unrelated Business Revenue | 868646 | UnrelatedBusinessRevenue |
| Exclusion | $991,272 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 8546 | TotalRevenueColumn |
| Exclusion | $8,546 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 8546 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13914459 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11677937 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1281803 | UnrelatedBusinessRevenue |
| Exclusion | $954,719 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10000 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 385635 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3758531 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2992801 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1099800 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 387296 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19603 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1884 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114193 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24095 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115046 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31179 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 869101 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2456918 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66723 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4012 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1797829 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 298359 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| REPAIRS & MAINTENANCE | 618061 |
| TOURNAMENT EXPENSES | 224805 |
| SECURITY | 72057 |
| ENTERTAINMENT | 85466 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190566 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15623960 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35347 | BOY |
| EOY | 41796 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7415319 | BOY |
| EOY | 4011530 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2854672 | BOY |
| EOY | 3077379 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99144 | BOY |
| EOY | 102465 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 735287 | BOY |
| EOY | 818678 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 42403285 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23176739 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14780352 | BOY |
| EOY | 19226546 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3455642 | BOY |
| EOY | 3193187 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29375763 | BOY |
| EOY | 30471581 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1799116 | BOY |
| EOY | 1990393 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2454559 | BOY |
| EOY | 2722836 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13134960 | BOY |
| EOY | 14993091 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17388635 | BOY |
| EOY | 19706320 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2910929 | BOY |
| EOY | 2910929 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9076199 | BOY |
| EOY | 7854332 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11987128 | BOY |
| EOY | 10765261 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29375763 | BOY |
| EOY | 30471581 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1709501 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 487634 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Land | Land |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14851079 | OtherCostOrOtherBasis |
| Depreciation | 6388100 | Depreciation |
| Book Value | 8462979 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14141681 | OtherCostOrOtherBasis |
| Depreciation | 7591004 | Depreciation |
| Book Value | 6550677 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13318082 | OtherCostOrOtherBasis |
| Depreciation | 9197635 | Depreciation |
| Book Value | 4120447 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 92443 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 92443 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 19226546 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED PENSION LIABILITY | $2,511,715 |
| OTHER LIABILITIES | $1,691,382 |
| ACCRUED RENT EXPENSE | $10,789,994 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 14993091 | TotalOfAmounts |
| Total Revenue | 13914459 | TotalRevenue |
| Total Expenses | 15623960 | TotalExpenses |
| Excess Or Deficit For Year | -1709501 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -335784 | NetUnrealizedGLOnInvestments |
| Other | $838,418 | OtherAmount |
| Total Adjustments | 502634 | TotalAdjustments |
| Excess Or Deficit Per FS | -1206867 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15031101 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -335784 | NetUnrealizedGainsInvestments |
| Other Revenues | 1742467 | OtherRevenues |
| Revenue Not Rptd F990 | 1406683 | RevenueNotRptdF990 |
| Revenue Subtotal | 13624418 | RevenueSubtotal |
| Investment Expenses Not Included | 24095 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 265946 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 290041 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 13914459 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 16237968 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2239079 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2239079 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13998889 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 24095 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 1600976 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1625071 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 15623960 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Reconciliation of Change in Net Assets | Schedule D, Part XI, Line 8 | $ (532,258) - OCCUPANCY ADJUSTMENT $ 35,919 - INCOME TAX EXPENSE $ (272) - INVESTMENT INCOME ADJUSTMENT $1,335,030 - ADDITIONAL UNFUNDED PENSION LIABILITY ----------- $ 838,418 |
| Reconciliation of Revenue | Schedule D, Part XII, Line 2d | $1,204,862 - COST OF GOODS SOLD $ 492,778 - RENTAL EXPENSES $ 45,099 - GAIN/LOSS ON DISPOSAL OF FA $ (272)- INVESTMENT INCOME ADJUSTMENT ----------- $1,742,467 |
| Reconciliation of Revenue | Schedule D, Part XII, Line 4b | $ 48,699 - Sony Open Direct Expenses $ 220,677 - Golf Tournament Expenses $ (3,430)- General Excise Tax Reclass ---------- $ 265,946 |
| Reconciliation of Expenses | Schedule D, Part XIII, Line 2d | $1,204,862 - COST OF GOODS SOLD $ 492,778 - RENTAL EXPENSES $ 45,099 - GAIN/LOSS ON DISPOSAL OF FA $ (35,919)- INCOME TAX EXPENSE $ 532,258 - OCCUPANCY ADJUSTMENT ----------- $2,239,079 |
| Reconciliation of Expenses | Schedule D, Part XIII, Line 4d | $ 48,699 - Sony Open Direct Expenses $ 220,677 - Golf Tournament Expenses $ (3,430)- General Excise Tax Reclass $1,335,030 - Change in Adjustment to Pension Liability ---------- $1,600,976 |
| Uncertain Tax Positions | Schedule D, Part X, Line 2 | The Club determines whether a tax position is more likely than not to be sustained upon examination by the applicable tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets this recognition threshold, the position is measured to determine the amount of tax benefit or expense to be recognized in the financial statements. |
Schedule F IRS990ScheduleF
Grants To Orgs Outside US GrantsToOrgsOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | East Asia/Pacific | Region |
| Amount Of Cash Grant | 10000 | AmountOfCashGrant |
| Manner Of Cash Disbursement | CHECK | MannerOfCashDisbursement |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 0 | TotalNumberOf501c3Orgs |
| Total Number Of Other Orgs | 1 | TotalNumberOfOtherOrgs |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ADDITIONAL SCHEDULE F DISCLOSURE | Identifier |
| Return Reference | SCHEDULE F, PART II, LINE 3 | ReturnReference |
| Explanation | WAIALAE COUNTRY CLUB DOES NOT NORMALLY PROVIDE GRANTS OR ASSISTANCE OUTSIDE OF THE UNITED STATES. THE $10,000 GIFT WAS PROVIDED TO THE JAPANESE RED CROSS VIA THE HONOLULU JAPANESE CONSULATE IN ORDER TO ASSIST IN THE RELIEF EFFORTS FOLLOWING THE DEVASTATING TSUNAMI IN MARCH 2011. THE DONATION WAS APPROVED BY THE BOARD OF DIRECTORS, AND FALLS UNDER THE CLUB'S NORMAL PROCUREMENT POLICY AND SPENDING LIMITS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALLAN SU LUM | |||||||||||||
| 164987 | 0 | 29790 | 0 | 8416 | 0 | 8051 | 0 | 8619 | 0 | 219863 | 0 | 0 | 0 |
| DAVE NAKAMA | |||||||||||||
| 134651 | 0 | 17080 | 0 | 5769 | 0 | 5205 | 0 | 3067 | 0 | 165772 | 0 | 0 | 0 |
| KATHLEEN MATTOS | |||||||||||||
| 128631 | 0 | 18100 | 0 | 1188 | 0 | 5923 | 0 | 3358 | 0 | 157200 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Travel for Companions | Identifier |
| Return Reference | Schedule J, Part I, Line 1 | ReturnReference |
| Explanation | The assistant secretary/assistant treasurer's spouse traveled with him on organization business trips and was reimbursed for the costs. These amounts were included as part of the employee's taxable compensation. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS B FARGO | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | DIRECTOR | Relationship |
| Amount Of Transaction | 520829 | AmountOfTransaction |
| Description Of Transaction | ELECTRICITY SERVICE | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS | Identifier |
| Return Reference | SCHEDULE L, PART IV, COLUMN (D) | ReturnReference |
| Explanation | THE FOLLOWING PAYMENTS WERE MADE TO THE ORGANIZATIONS OR COMPANIES THAT THE DIRECTORS WORK FOR, ARE BOARD MEMBERS OF, OR REPRESENT AND NOT TO THE INDIVIDUALS DIRECTLY: THOMAS B. FARGO: MR. FARGO IS A MEMBER OF THE BOARD OF DIRECTORS OF HAWAIIAN ELECTRIC INDUSTRIES, WHICH IS THE PARENT COMPANY OF HAWAIIAN ELECTRIC COMPANY, THE ONLY ELECTRICITY PROVIDER ON THE ISLAND OF OAHU. THE TRANSACTION REPRESENTS AMOUNTS PAID AT STANDARD RATES AVAILABLE TO THE PUBLIC FOR ELECTRICITY SERVICES TO HAWAIIAN ELECTRIC COMPANY. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Governing Body and Management | Form 990 Part VI Section A | Line 6 The organization has approximately 1,450 members and 35 different classes of membership. Regular, Limited, Senior Regular, Special Limited and Senior Special Limited member classes are entitled to: (1) Elect the members of the governing body; and (2) Approve significant decisions of the governing body. Regular, Limited, Senior Regular, Senior Limited, Ex-Resident Regular, Ex-Resident Limited, Ex-Resident Senior, Special Limited, and Senior Special Limited member classes who hold Transfer Certificates at the time the organization dissolves may be entitled to share in the organization's assets, if any. Line 7a Of these members, approximately 650 members may elect the governing body. Line 7b 1) Any expenditures in excess of $500,000 requires a majority vote of voting members. 2) Some of the decisions of the governing body may be subject to approval by the voting members. |
| Policies | Form 990 Part VI Section B | Line 11b The controller and general manager review the Form 990 prior to its filing with the IRS. Line 12c The Executive Committee of the Board is charged with monitoring proposed or ongoing transactions for conflicts of interest and any actual conflicts are referred to the full Board of Directors for action. Any potential conflicts of interest are reported to the President. Pursuant to the Conflicts of Interest Policy, an annual conflict of interest statement, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, officers, management, and all key employees). Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. When someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affirming that he/she has no conflicts of interest as defined in the Club's Conflict of Interest Policy. The procedures for addressing any conflict of interest are determined on a case by case basis. Lines 15a & 15b The Managing Review Committee, comprised solely of independent members, none of which have a conflict of interest with respect to the compensation arrangement, is accountable for setting reasonable compensation packages for each officer or key employee (including the general manager). Yearly, the Managing Review Committee reviews the annual performance goals and criteria used in determining merit increases and variable compensation criteria for officers and key employees. Appropriate comparability data is obtained from other clubs in the area, i.e., total economic benefits paid by similarly situated organizations (both taxable and tax-exempt) for similar job responsibilities. Key deliberations of the Committee are documented in minutes which are approved at the next Committee meeting. |
| Disclosure | Form 990 Part VI Section C | Line 19 The organization has its governing documents, conflict of interest policy and financial statements available to the public upon request. |
| RECONCILIATION OF NET ASSETS | FORM 990, PART XI, LINE 5 | $ (335,784) - UNREALIZED GAIN ON SALE OF INVESTMENTS $ (532,258) - OCCUPANCY ADJUSTMENT $ 35,919 - INCOME TAX EXPENSE $ (272) - INVESTMENT INCOME ADJUSTMENT $1,335,030 - CHANGE IN ADJUSTMENT TO PENSION LIABILITY $ (15,000) - TRANSFER CERTIFICATE ADJUSTMENT ----------- $ 487,634 |