2022-04-06T08:04:02-05:00 2021-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2020-07-01 592034384 SAILFISH POINT GOLF CLUB INC SAIL 7722251000 2203 SE SAILFISH POINT BLVD STUART FL 349961911 EDWARD J EWING JR CHIEF OPERATING OFFICER 7722251000 2022-03-31 1 EDWARD EWING JR 999009999 CHRISTOPHER CECIL P01877773 5616971785 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z EDWARD J EWING JR 2203 SE SAILFISH POINT BLVD STUART FL 349961911 3932971 0 X N/A X 1980 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 36 9 80143 0 0 0 3513961 3430114 2271 -1280469 74288 83339 3590520 2232984 0 0 0 0 1931249 1831757 0 0 0 2639004 2431144 4570253 4262901 -979733 -2029917 10107659 11222010 932442 3266029 9175217 7955981 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 11,622 OF WHICH 484 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 28 0 1 36 1 1 1 0 0 0 1 1 0 151593 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 BOB PRICE PRESIDENT 1.00 X X 0 0 0 DAVE BRADFORD VICE PRESIDENT (THROUGH 3/21) 1.00 X X 0 0 0 ROSS STRICKLAND TREASURER 1.00 X X 0 0 0 NANCY ZAPPALA SECRETARY (AS OF 3/21) 1.00 X X 0 0 0 BILL PURRINGTON SECRETARY (THROUGH 3/21) 1.00 X X 0 0 0 RANDY HOOVER VICE PRESIDENT (AS OF 3/21) 1.00 X 0 0 0 TOM HOUSTON DIRECTOR (THROUGH 3/21) 1.00 X 0 0 0 MUFFIN ADAMIAK DIRECTOR (AS OF 3/21) 1.00 X 0 0 0 MIKE BOYD DIRECTOR (AS OF 3/21) 1.00 X 0 0 0 JOHN MARR DIRECTOR 1.00 X 0 0 0 CAROL WEBB DIRECTOR 1.00 X 0 0 0 DAN DREISBACH DIRECTOR (AS OF 3/21) 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 OP 40.00 X 183049 0 19256 VICTOR TORTORICI DIRECTOR OF GOLF 40.00 X 233823 0 20849 416872 0 40105 2 0 1 0 0 MEMERSHIP DUES 713910 2820148 2820148 CART RENT/TRAIL FEES 713910 289899 213814 76085 TOURNAMENT FEES 713910 92276 92276 GREENS FEES 713910 75233 75233 LESSON INCOME 713910 70315 70315 82243 82243 3430114 858 858 22938 1304265 -1281327 -1281327 -1281327 479061 395722 83339 80139 3200 2232984 3434168 80143 -1281327 1482031 349726 1387 687916 124906 GOLF COURSE MAINT. DEPT 1019949 ADMINISTRATIVE & GENERA 228586 GOLF OPERATION DEPARTME 138126 REAL ESTATE & PERS. PRO 81788 148486 4262901 200 0 1673083 207432 256703 249880 268221 133032 15736457 5297802 7806364 10438655 103088 193011 10107659 11222010 416429 367457 516013 2898572 932442 3266029 X 9175217 7955981 9175217 7955981 10107659 11222010 X -2029917 810681 X X 0 1 X 1 0 4458984 4458984 2270568 1700698 569870 2341960 1754172 587788 6664945 1842932 4822013 10438655 DUE TO AFFILIATES 55981 TAXES PAYABLE AND ACCRUED 255708 LIFE INSURANCE-CSV 110201 LONG-TERM DEBT 2233061 CAPITAL LEASE OBLIGATION 75503 CONSTRUCTION PAYABLE 168118 2898572 X 2628706 395722 395722 2232984 0 2232984 4658623 395722 395722 4262901 0 4262901 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 395,722. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 395,722. X X X X X 0 0 0 VICTOR TORTORICI DIRECTOR OF GOLF 176790 0 24408 0 32625 0 6458 0 14391 0 254672 0 0 0 VINCENT SCOTT MACPHEE DIRECTOR OF GOLF COURSE OP 145959 0 29408 0 7682 0 390 0 18866 0 202305 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. 393891 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 -888,102. CAPITAL DUES ASSESSMENT 232,000. MEMBERSHIP CAPITAL DEPOSITS 615,000. MEMBERSHIP DEPOSITS FORFEITED AT REDEMPTION 179,700. MEMBERSHIP CAPITAL CONTRIBUTIONS 720,000. CAPITAL DUES ASSESSMENT 861,583. VOLUNTARY EXCHANGE PROGRAM -909,500. 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 160859 CASH SAILFISH POINT PROPERTY OWNERS AND COUNTRY CLUB ASSOCIATION INC Q N/A BELOW THRESHOLD