2021-03-18T12:08:47-05:00 2020-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2019-07-01 592034384 SAILFISH POINT GOLF CLUB INC SAIL 7722251000 2203 SE SAILFISH POINT BLVD STUART FL 349961911 EDWARD J EWING JR CHIEF OPERATING OFFICER 7722251000 2021-03-18 1 FRANK LUCAS P00995244 5616971785 2019 2022-09-23 18:48:47Z EDWARD J EWING JR 2203 SE SAILFISH POINT BLVD STUART FL 349961911 4025236 0 X N/A X 1980 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 27 9 212320 21263 0 0 3570062 3513961 8102 2271 997608 74288 4575772 3590520 0 0 0 0 1889712 1931249 0 0 0 2750678 2639004 4640390 4570253 -64618 -979733 9469313 10107659 479259 932442 8990054 9175217 SAILFISH POINT GOLF CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES GOLF FACILITIES FOR MEMBERS. TOTAL ROUNDS OF GOLF PLAYED DURING THE YEAR WERE APPROXIMATELY 16,504 OF WHICH 963 WERE NONMEMBER RELATED. 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 1 0 0 0 0 0 0 1 0 0 1 27 0 1 27 1 1 1 0 0 0 1 1 0 179288 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KATHY CORK 7722251000 2201 SE SAILFISH POINT BLVD STUART FL 34996 X RICHARD DAKERS PRESIDENT (THROUGH 3/20) 1.00 X X 0 0 0 BOB PRICE PRESIDENT (AS OF 3/20) 1.00 X X 0 0 0 DAVE BRADFORD VICE PRESIDENT (AS OF 3/20) 1.00 X X 0 0 0 ROSS STRICKLAND TREASURER (AS OF 3/20) 1.00 X X 0 0 0 BARBARA STRICKLAND SECRETARY (THROUGH 3/20) 1.00 X X 0 0 0 BILL PURRINGTON SECRETARY (AS OF 3/20) 1.00 X X 0 0 0 RANDY HOOVER DIRECTOR 1.00 X 0 0 0 TOM HOUSTON DIRECTOR 1.00 X 0 0 0 NANCY ZAPPALA DIRECTOR 1.00 X 0 0 0 JACKIE LEACH DIRECTOR (THROUGH 3/20) 1.00 X 0 0 0 JOHN MARR DIRECTOR (AS OF 3/20) 1.00 X 0 0 0 CAROL WEBB DIRECTOR (AS OF 3/20) 1.00 X 0 0 0 EDWARD J EWING CHIEF OPERATNG OFFICER 15.00 X 0 0 0 VINCENT SCOTT MACPHEE DIRECTOR OF GOLF COURSE OPERATIONS 40.00 X 182122 0 18762 VICTOR TORTORICI DIRECTOR OF GOLF 40.00 X 225327 0 19858 407449 0 38620 2 0 1 0 0 MEMERSHIP DUES 713910 2813550 2813550 CART RENT/TRAIL FEES 713910 299142 119854 179288 TOURNAMENT FEES 713910 149061 149061 GREENS FEES 713910 140187 140187 LESSON INCOME 713910 51218 51218 60803 60803 3513961 33032 33032 30761 -30761 -30761 -30761 478243 403955 74288 74288 3590520 3408961 212320 -30761 1561694 251310 118245 937457 116841 GOLF COURSE MAINT. DEPT 915227 ADMINISTRATIVE & GENERA 219004 TOURNAMENT EXPENSE 133659 GOLF OPERATION DEPARTME 119819 196997 4570253 200 200 988656 1673083 39018 256703 223085 268221 19237915 11431551 8117914 7806364 100440 103088 9469313 10107659 274025 416429 205234 516013 479259 932442 X 8990054 9175217 8990054 9175217 9469313 10107659 X -979733 1164896 X X 0 1 X 1 0 4458984 4458984 2424142 1918149 505993 2258757 1787285 471472 10096032 7726117 2369915 7806364 DUE TO AFFILIATES 188626 TAXES PAYABLE AND ACCRUED 224299 LIFE INSURANCE-CSV 103088 516013 X 3994475 403955 403955 3590520 0 3590520 4974208 403955 403955 4570253 0 4570253 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT IT 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 WITHIN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 403,955. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 403,955. X X X X X 0 0 0 VINCENT SCOTT MACPHEE DIRECTOR OF GOLF COURSE OPERATIONS 144095 0 31908 0 6119 0 381 0 18381 0 200884 0 0 0 VICTOR TORTORICI DIRECTOR OF GOLF 194127 0 24408 0 6792 0 5836 0 14022 0 245185 0 0 0 VICTOR TORTORICI DIRECTOR OF GOLF PURCHASE OF INVENTORY FOR PRO SHOP X 50000 0 1 1 VICTOR TORTORICI DIRECTOR OF GOLF FOR SAILFISH POINT GOLF CLUB, INC. 434239 THE CLUB HAS AN ARRANGMENT WITH THE DIRECTOR OF GOLF TO COLLECT AND BILL MEMBERS FOR SALES AND REIMBURSES RELATED TO THE PRO SHOP. THE CLUB THEN REMITS ALL MERCHANDISE SALES TO THE DIRECTOR OF GOLF. 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB, 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 EQUITY MEMBER ARE FULL VOTING RIGHTS MEMBERSHIPS AND THEIR RIGHTS ARE FULLY DESCRIBED IN THE BY-LAWS. ASSOCIATE MEMBERSHIPS VOTING RIGHTS ARE PRO-RATED BASED ON THE AMOUNT PAID IN. PROVISIONAL MEMBERSHIPS VOTING RIGHTS ARE PRO-RATED BASED ON THE AMOUNT PAID IN. FORM 990, PART VI, SECTION A, LINE 7B ANY DEBT (OTHER THAN OPERATING LEASES) IN EXCESS OF 50% OF THE ANNUAL BUDGET REQUIRES MAJORITY MEMBERSHIP APPROVAL. THE SALE, LEASE, EXCHANGE, TRANSFER OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CLUB'S ASSETS REQUIRES MAJORITY MEMBERSHIP APPROVAL. MEMBERS MUST ALSO APPROVE CHANGES TO THE CLUB'S BY-LAWS AND CERTAIN LEVEL OF PROPOSED ASSESSMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT'S EFFECTIVE NOR EFFICENT 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 CFO, CEO, AND TREASURER. THESE INDIVIDUALS REVIEW FORM 990 WITH THE ORGANIZATION'S OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C FROM TIME TO TIME AND AT LEAST ANNUALLY, ANY POSSIBLE CONFLICT OF INTEREST BY AN INTERESTED PERSON IS REVIEWED BY THE BOARD. ALL INTERESTED PERSONS HAVE A DUTY TO DISCLOSE ALL MATERIAL FACTS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES INCLUDES THE USE OF A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND REVIEW OF THE WRITTEN EMPLOYMENT CONTRACT. 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 THE CLUB MAKES COPIES OF ITS GOVERNING DOCUMENTS AVAILABLE VIA THE CLUB WEBSITE. THE CLUB PROVIDES COPIES OF ITS CONFLICT OF INTEREST POLICY UPON REQUEST. THE CLUB PROVIDES COPIES OF ITS FINANCIAL STATEMENTS UPON REQUEST AS WELL AS ON THE CLUB WEBSITE. FORM 990, PART XI, LINE 9: MEMBERSHIP CERTIFICATES REDEEMED -668,271. CAPITAL DUES ASSESSMENT 242,000. MEMBERSHIP CAPITAL DEPOSITS 51,000. MEMBERSHIP DEPOSITS FORFEITED AT REDEMPTION 195,000. MEMBERSHIP CAPITAL CONTRIBUTIONS 420,000. CAPITAL DUES ASSESSMENT 925,167. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. SAILFISH POINT PROPERTY OWNERS AND COUNTRY CLUB ASSOCIATION INC 2201 SE SAILFISH POINT BLVD STUART FL 34996 592038799 PROPERTY OWNERS' ASSOCIATION FL C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 SAILFISH POINT PROPERTY OWNERS AND COUNTRY CLUB ASSOCIATION INC N N/A BELOW THRESHOLD SAILFISH POINT PROPERTY OWNERS AND COUNTRY CLUB ASSOCIATION INC P 156180 CASH SAILFISH POINT PROPERTY OWNERS AND COUNTRY CLUB ASSOCIATION INC Q N/A BELOW THRESHOLD