2011-11-14T12:56:05-06:00 2010-12-31 SMITH & HOWARD PC 171 17TH STREET SUITE 900 ATLANTA GA 30363 990 2010-01-01 580141965 ANSLEY GOLF CLUB INC ANSL 4048751687 196 MONTGOMERY FERRY DR ATLANTA GA 30309 David Sheppard 2011-11-15 true MARC AZAR 4048746244 2010 2016-03-07 17:11:31Z David Sheppard 196 montgomery ferry dr atlanta GA 30309 13907520 false X www.ansleygolfclub.org X 1912 GA Provide Social and recreational activities to the members of the private club. 11 11 312 0 574222 4222 0 0 8217465 8326556 4353 15519 4456409 4282559 12678227 12624634 0 0 0 0 5941734 6316139 0 0 0 6343965 5633005 12285699 11949144 392528 675490 22148399 21076892 8248459 6706847 13899940 14370045 PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES TO THE MEMBERS OF THE PRIVATE CLUB. false false 713910 11949144 TO PROVIDE THE MEMBERS OF THE FAMILY-ORIENTED PRIVATE CLUB RECREATIONAL AND SOCIAL PROGRAMS AND SERVICE IN AN ENVIRONMENT THAT FOSTERS COMRADERY AND TRADITION. 11949144 false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 64 0 true 312 true true true false false false false 2699298 852081 false X 11 11 false false true false true true true true true false false true true true true false false true true false GA X DAVID SHEPPARD 4048751687 196 MONTGOMERY FERRY DR ATLANTA GA 30309 GREG BERTHELOT 1.0 X 0 0 0 DAVID BEASLEY 20.0 X 0 0 0 STEVE MALOOF 1.0 X 0 0 0 RON SHARP 1.0 X 0 0 0 CRAIG MULLINS 1.0 X 0 0 0 CHRIS WHITE 1.0 X 0 0 0 SCOTT DEVINEY 1.0 X 0 0 0 ANDY FEINOUR 1.0 X 0 0 0 LEE PARKS 20.0 X 0 0 0 BA ALBERT 1.0 X 0 0 0 RICHARD PEASE 1.0 X 0 0 0 JIM WOMACK 1.0 X 0 0 0 JIM SCHWARZKOPF 1.0 X 0 0 0 GUY THOMPSON 1.0 X 0 0 0 DAVID SHEPPARD 40.0 X 235603 0 17807 JOY PLATE 40.0 X 97858 0 15162 RONNIE HASS 40.0 X 174636 0 5200 COURTNEY YOUNG 40.0 X 169068 0 17330 677165 0 55499 3 false true false BLUE CROSS BLUE SHIELD PO BOX 100376 ATLANTA GA 30384 HEALTH INSURANCE 449702 AMERIPARK 3200 COBB GALLERIA PKWY STE 299 ATLANTA GA 30339 VALET PARKING 112678 2 0 MEMBERSHIP DUES 713910 8326556 8326556 8326556 7519 7519 0 0 297770 10305 296848 3227 922 7078 8000 922 7078 0 0 5148685 982811 4165874 3600093 565781 OTHER INCOME 900099 116685 116685 116685 12624634 12043334 574222 7078 0 0 0 0 735041 735041 0 4666271 4666271 72754 72754 395958 395958 446115 446115 0 17914 17914 39850 39850 0 0 0 294916 294916 0 178008 178008 71861 71861 0 1278680 1278680 0 0 17816 17816 276892 276892 0 1318928 1318928 183427 183427 GROUNDS REPAIRS & MAINTENANCE 582721 582721 SPECIALISTS 390363 390363 EQUIPMENT REPAIRS & MAINTENACE 289704 289704 FOOD & BEVERAGE SUPPLIES 231561 231561 ENTERTAINMENT 137271 137271 323093 323093 11949144 11949144 3189 5362 79591 0 1761991 1622852 541155 582188 194899 220976 120829 118494 32771199 14528555 19167927 18242644 240434 284376 38384 0 22148399 21076892 806395 758718 728263 745057 6473367 4760107 240434 442965 8248459 6706847 X 13899940 14370045 13899940 14370045 22148399 21076892 X 675490 -205385 X false true true X false 2581904 2581904 15155091 4713213 10441878 4734383 4090729 643654 10299821 5724613 4575208 18242644 0 457B PLAN 284376 INTEREST RATE SWAP 158589 442965 12624634 11949144 675490 -196973 -8412 -205385 470105 12852909 982811 982811 11870098 754536 754536 12624634 12382804 1179784 1179784 11203020 746124 746124 11949144 SCHEDULE D PART X QUESTION 2 THE CLUB IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (THE "CODE"). ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE IS SUBJECT TO INCOME TAXES. UNRELATED BUSINESS TAXABLE INCOME FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009 WAS INSIGNIFICANT. THE CLUB ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE CLUB TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. SCHEDULE D PART XI LINE 8 NET INCOME FROM 457B PLAN: $8,412 SCHEDULE D PART XII LINE 2D COST OF GOODS SOLD: $982,811 SCHEDULE D PART XII LINE 4B FOOD & BEVERAGE SERVICE CHARGE: $746,124 457b NET INCOME: 8,412 ----------- Total $754,536 SCHEDULE D PART XIII LINE 2D COST OF GOODS SOLD: $982,811 UNREALIZED LOSSES: 196,973 ----------- TOTAL $1,179,784 SCHEDULE D PART XIII LINE 4B FOOD & BEVERAGE SERVICE CHARGE: $746,124 X X X X false true false DAVID SHEPPARD 185300 0 32000 18303 4589 14010 254202 0 RONNIE HASS 89812 0 84824 3477 2251 180364 0 COURTNEY YOUNG 158250 0 10818 2515 15343 186926 0 SCHEDULE J 4B THE CLUB HAS A NON QUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES. CONTRIBUTIONS TO THE PLAN ARE INCLUDED IN THE EMPLOYEE'S SALARY. Part Iv # 4 The following bylaw changes were approved through the annual membership vote: - Elimination of the Dining membership category - Limitations placed on Non-resident membership for golf and tennis usage - Elimination of the Junior level of membership and divide the Intermediate category into 3 tier levels - Allow a 50% reduction on initiation fee for legacy membership with certain stipulations - Extend the length of time between transfers/downgrades of memberships from 28 months to 48 months - If a divorce is determined to be amicable by the Board, then the spouse of the member can seek individual membership at a reduced initiation fee based on a percentage set by the Board Part VI #6 Memberships are available and are by Board invitation based upon Membership Nominations presented by three sponsoring members of the Club. Nominations are reviewed by the Membership Committee during a 30 day Club posting period and are forwarded to the Board of Directors on a monthly basis. All membership invitations that are issued are effective on the first day of the following month. Part VI #7A Committee provides lists of nominees for Board positions. Election takes place at annual meeting in February. Part VI #7B Board decisions requiring membership vote: 1) Any Bylaw change 2)Any dues increase above 10% of regular dues and any assessment above $200 3) Election of Board and officers Part VI # 11 VOTING BOARD MEMBERS RECEIVE A COPY OF THE TAX RETURN AND REVIEW IT BEFORE THE RETURN IS FILED. PART VI #12C EACH TRANSACTION IS REVIEWED BY THE BOARD FOR CONFLICT OF INTEREST. PART VI #15A & 15B Executive committee determines compensation of senior management based on current market conditions, surveys of other clubs and job performance. It includes a written employment contract that is approved by the board's compensation committee. Compensation of other employees determined by management. PART VI #19 FINANCIAL INFORMATION AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST TO MEMBERS AND PROSPECTIVE GUESTS. PART XI #5 Other changes in net assets Net assets at beginning of year: $13,899,940 Net income for current year: 675,490 Unrealized gain: (196,973) 457B Net Income: (8,412) Net assets at end of year: $14,370,045 The 457B net income is reported on the 2010 tax return but is not included on the income statement included in the audited financial statements.