2023-05-08T12:24:27-05:00 2022-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2021-07-01 592034384 SAILFISH POINT GOLF CLUB INC SAIL 7724971025 2203 SE SAILFISH POINT BLVD STUART FL 349961911 EDWARD J EWING JR CHIEF OPERATING OFFICER 7724971025 2023-04-20 1 EDWARD EWING JR 999009999 CHRISTOPHER CECIL P01877773 5616971785 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z EDWARD J EWING JR 2203 SE SAILFISH POINT BLVD STUART FL 349961911 4669720 0 X N/A X 1980 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 42 9 107267 0 0 0 3430114 3827729 -1280469 -81195 83339 284372 2232984 4030906 0 0 0 0 1831757 1954433 0 0 0 2431144 3032002 4262901 4986435 -2029917 -955529 11222010 16122171 3266029 5953367 7955981 10168804 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 13,753 OF WHICH 1,111 WERE NONMEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 64 0 1 42 1 1 1 0 0 0 1 1 0 181630 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 7724971025 2201 SE SAILFISH POINT BLVD STUART FL 34996 X ROBERT PRICE PRESIDENT (THROUGH 3/22) 1.00 X X 0 0 0 RANDY HOOVER VICE PRESIDENT (THROUGH 3/22) 1.00 X X 0 0 0 NANCY ZAPPALA SECRETARY (THROUGH 3/22) 1.00 X X 0 0 0 ROSS STRICKLAND TREASURER 1.00 X X 0 0 0 CAROL WEBB DIRECTOR (THROUGH 3/22); VP (AS OF 4/22) 1.00 X X 0 0 0 DAN DREISBACH DIRECTOR (THROUGH 3/22); PRESIDENT (AS OF 4/22) 1.00 X X 0 0 0 ANN LOUISE PRICE SECRETARY (AS OF 4/22) 1.00 X X 0 0 0 MUFFIN ADAMIAK DIRECTOR 1.00 X 0 0 0 MIKE BOYD DIRECTOR 1.00 X 0 0 0 JOHN MARR DIRECTOR 1.00 X 0 0 0 DAVE FRAISER DIRECTOR 1.00 X 0 0 0 JOHN HOHNMAN DIRECTOR 1.00 X 0 0 0 EDWARD J EWING CHIEF OPERATING OFFICER 15.00 X 0 0 0 KATHY CORK CHIEF FINANCIAL OFFICER 15.00 X 0 0 0 VINCENT SCOTT MCPHEE DIRECTOR OF GOLF COURSE OPERATIONS 40.00 X 226792 0 25861 VICTOR TORTORICI DIRECTOR OF GOLF 40.00 X 243977 0 42475 470769 0 68336 2 0 1 0 0 MEMBERSHIP DUES 713910 3070415 3070415 CART RENT/TRAIL FEES 713910 308721 231838 76883 GREENS FEES 713910 164419 164419 TOURNAMENT FEES 713910 157322 157322 LESSON INCOME 713910 83980 83980 42872 42872 3827729 1297 1297 82492 -82492 -82492 -82492 650236 556322 93914 64827 29087 LOAN CAP VALUATION 713910 190458 190458 190458 4030906 4006131 107267 -82492 1609115 345318 65044 648753 126687 GOLF COURSE MAINT. DEPT 1483481 ADMINISTRATIVE & GENERA 218355 CAPITAL EXPENSES FUNDED 146742 TOURNAMENT EXPENSE 140246 202694 4986435 207432 356866 249880 256283 133032 198362 19268107 5533031 10438655 13735076 193011 1575584 11222010 16122171 367457 263399 2898572 5689968 3266029 5953367 X 7955981 10168804 7955981 10168804 11222010 16122171 X -955529 3168352 X X 0 1 X 1 0 4458984 4458984 2767725 1053730 1713995 2448326 932128 1516198 9593072 3547173 6045899 13735076 LIFE INSURANCE-CSV 117409 INTEREST RATE CAP AGREEMENT 273268 BOARD-DESIGNATED FUNDS 1184907 1575584 DUE TO AFFILIATES 172927 TAXES PAYABLE AND ACCRUED 289153 LIFE INSURANCE-CSV 117409 LONG-TERM DEBT 4874121 CAPITAL LEASE OBLIGATION 236358 5689968 X 4587228 556322 556322 4030906 0 4030906 5542757 556322 556322 4986435 0 4986435 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 556,322. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 556,322. X X X X X 0 0 0 VICTOR TORTORICI DIRECTOR OF GOLF 218253 0 25000 0 724 0 26000 0 16475 0 286452 0 0 0 VINCENT SCOTT MCPHEE DIRECTOR OF GOLF COURSE OPERATIONS 161672 0 65000 0 120 0 1602 0 24259 0 252653 0 0 0 VICTOR TORTORICI DIRECTOR OF GOLF PURCHASE OF INVENTORY FOR PRO SHOP X 50000 0 0 1 1 VICTOR TORTORICI DIRECTOR OF GOLF FOR SAILFISH POINT GOLF CLUB, INC. 587110 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 AND COO. 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 -744,090. CAPITAL DUES ASSESSMENT 284,000. MEMBERSHIP CAPITAL DEPOSITS 777,000. MEMBERSHIP DEPOSITS FORFEITED AT REDEMPTION 324,400. MEMBERSHIP CAPITAL CONTRIBUTIONS 1,620,000. CAPITAL DUES ASSESSMENT 919,042. VOLUNTARY EXCHANGE PROGRAM -392,000. WAITLIST DEPOSITS 380,000. 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 152176 CASH SAILFISH POINT PROPERTY OWNERS AND COUNTRY CLUB ASSOCIATION INC Q N/A BELOW THRESHOLD