2023-09-30T21:53:14-05:00 2022-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2022-01-01 990057829 WAIALAE COUNTRY CLUB WAIA 8087342151 4997 KAHALA AVENUE HONOLULU HI 96816 RUSS ONIZUKA GENERAL MANAGER/COO 8087342151 2023-09-30 1 RUSS ONIZUKA 999009999 0 MELANIE A KING P00220997 8085311040 2023-09-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RUSS ONIZUKA 4997 KAHALA AVENUE HONOLULU HI 96816 29265266 0 X WWW.WAIALAECC.COM X 1942 HI A CLUB FOR GOLF, SOCIAL FELLOWSHIP AND COMMUNITY MEMBERS, AND FOR THEIR RECREATION AND ENTERTAINMENT OF THEIR FRIENDS AND GUESTS. 13 13 294 16 1889480 510786 0 0 18126594 18779647 1052872 379469 1472474 2111976 20651940 21271092 0 0 0 0 9126614 10155654 0 0 0 9460873 10145588 18587487 20301242 2064453 969850 40629667 89603140 20540028 71254108 20089639 18349032 X WCC IS A NON-PROFIT PRIVATE COUNTRY CLUB THAT PROVIDES FOR ITS MEMBERS, THEIR FAMILIES AND GUESTS A CHAMPIONSHIP GOLF COURSE, HEALTH AND RECREATIONAL FACILITIES AND ACTIVITIES, ENTERTAINMENT AND EDUCATIONAL PROGRAMS AND AN ATMOSPHERE CONDUCIVE FOR FELLOWSHIP AND ENJOYMENT. 0 0 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. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 84 0 294 0 1 1 0 0 0 0 0 0 2460000 1728971 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 8087342151 4997 KAHALA AVENUE HONOLULU HI 96816 HOWARD KAM PRESIDENT-ELECT 4.00 X X 0 0 0 PAUL DEVILLE PRESIDENT 3.00 X X 11400 0 0 STANFORD CARR DIRECTOR 1.00 X 0 0 0 MICHAEL KOMETANI DIRECTOR 1.00 X 0 0 0 LLOYD KAWAKAMI DIRECTOR 1.00 X 0 0 0 CHRISTINE KUBOTA DIRECTOR 1.00 X 0 0 0 KEVIN CHANG DIRECTOR 1.00 X 0 0 0 SCOTT HAYASHI DIRECTOR 1.00 X 0 0 0 DAVID CAREY DIRECTOR 1.00 X 0 0 0 RANDALL KAYA DIRECTOR 1.00 X 0 0 0 JON TSUKAMOTO DIRECTOR 1.00 X 0 0 0 JIM WALTERS DIRECTOR 1.00 X 0 0 0 AKEMI KUROKAWA DIRECTOR 1.00 X 0 0 0 RICHARD HOWARD GENERAL MANAGER/COO 40.00 X 393278 0 46085 ALTON KUIOKA TREASURER 2.00 X 12300 0 0 DENNIS TSUHAKO INTERNAL AUDITOR 2.00 X 11400 0 0 MICHAEL PIETSCH SECRETARY 2.00 X 11925 0 0 DAVE NAKAMA GOLF COURSE SUPERINTENDENT 40.00 X 224928 0 19274 KEVIN CARLL HEAD GOLF PROFESSIONAL 40.00 X 169985 0 24637 JOYCE NOBRIGA CONTROLLER/CFO 40.00 X 198107 0 20500 KEVIN NAKATA EXECUTIVE CHEF 40.00 X 156195 0 27439 DAVID BROWN FOOD & BEVERAGE MANAGER 40.00 X 151462 0 27859 1340980 0 165794 6 0 1 0 TM CONSTRUCTION HAWAII PO BOX 520 PEARL CITY HI 96782 CONCRETE REHABILITATION 325434 ITC CONSTRUCTION GROUP 804 BANISTER STREET HONOLULU HI 96819 RENOVATION OF LOCKER ROOM 275864 APPLIED SURFACING TECHNOLOGY 1726 HAU STREET HONOLULU HI 96819 TENNIS COURT RESURFACING 243293 ALLIED SECURITY FENCE CO LLC 91-444 KOMOHANA ST UNIT D KAPOLEI HI 96707 FENCING REPLACEMENT 128060 4 MEMBERSHIP DUES 713910 14356195 14356195 MEMBER SERVICES 713910 3813124 3813124 SONY OPEN GOLF TOURNAMENT 713910 610328 610328 18779647 629922 629922 4803783 5054236 -250453 -250453 -250453 4937761 2939938 1997823 899683 1098140 MISCELLANEOUS REVENUE 900099 114153 114153 114153 21271092 18169319 1889480 1212293 486388 6755496 247429 2048422 617919 26374 1704 24098 58210 464078 41258 1446048 78564 3146311 95182 1640238 526516 REPAIRS & MAINTENANCE 1504740 TOURNAMENT EXPENSES 384326 MISCELLANEOUS 212647 LESSON EXPENSE 212076 283218 20301242 162979 3609 4528514 3937806 1139650 1290578 550236 780699 317555 1630729 51577148 36110916 15501457 15466232 18429276 17790049 0 48703438 40629667 89603140 2125260 2568444 480290 613135 17934478 68072529 20540028 71254108 X 20089639 18349032 20089639 18349032 40629667 89603140 X 969850 -2424978 -285479 X 0 1 X 1 0 20862184 11776020 9086164 17150421 12730876 4419545 12921160 11604020 1317140 643383 643383 15466232 ROU ASSET - OPERATING LEASE 48703438 48703438 OTHER LIABILITIES 2990984 OPERATING LEASE LIABILITY 65081545 68072529 X 19690513 -2424978 3362749 937771 18752742 58350 2460000 2518350 21271092 23876120 3210417 3210417 20665703 58350 -422811 -364461 20301242 PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED THE CLUB'S TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021 AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE CLUB IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,939,938. GROSS INCOME TAX 422,811. PART XI, LINE 4B - OTHER ADJUSTMENTS: INITIATION FEES SEPARATELY STATED 2,460,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFY COST OF GOODS SOLD 2,939,938. OCCUPANCY ADJUSTMENT 270,479. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS INCOME TAX -422,811. X X 0 0 0 RICHARD HOWARD GENERAL MANAGER/COO 329375 0 63000 0 903 0 24000 0 22085 0 439363 0 0 0 DAVE NAKAMA GOLF COURSE SUPERINTENDENT 195025 0 29000 0 903 0 12000 0 7274 0 244202 0 0 0 JOYCE NOBRIGA CONTROLLER/CFO 165792 0 32000 0 315 0 20500 0 0 0 218607 0 0 0 KEVIN CARLL HEAD GOLF PROFESSIONAL 153171 0 16500 0 314 0 2941 0 21696 0 194622 0 0 0 KEVIN NAKATA EXECUTIVE CHEF 135762 0 20000 0 433 0 12623 0 14816 0 183634 0 0 0 DAVID BROWN FOOD & BEVERAGE MANAGER 135665 0 15500 0 297 0 5774 0 22085 0 179321 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS APPROXIMATELY 1,300 MEMBERS AND 29 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 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. FORM 990, PART VI, SECTION A, LINE 7A OF THE 1,300 TOTAL MEMBERS, APPROXIMATELY 550 MEMBERS MAY ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B 1) ANY EXPENDITURE OR GROUP OF RELATED EXPENDITURES IN EXCESS OF $1,000,000 REQUIRES A MAJORITY VOTE OF VOTING MEMBERS. 2) SOME OF THE DECISIONS OF THE GOVERNING BODY REGARDING CHANGES TO BY-LAWS AND CAPITAL PROJECTS IN EXCESS OF $1,000,000 MAY BE SUBJECT TO APPROVAL BY THE VOTING MEMBERS. BY-LAWS AND CAPITAL PROJECTS IN EXCESS OF $1,000,000 MAY BE SUBJECT TO APPROVAL BY THE VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE FORM 990 IS FILED, THE CONTROLLER AND GENERAL MANAGER REVIEWS THE RETURN, AND THE FINANCE COMMITTEE AND BOARD IS PROVIDED WITH A COPY OF THE RETURN FOR AN OVERSIGHT REVIEW. FORM 990, PART VI, SECTION B, 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. FORM 990, PART VI, SECTION B, LINE 15 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. THE COMPENSATION COMMITTEE MET TO RETROACTIVELY DETERMINE THE SALARY OF WAIALAE'S OFFICERS AND KEY EMPLOYEES ON 11/09/2022. APPROPRIATE COMPARABILITY DATA IS OBTAINED EVERY FEW YEARS 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 AND USED IN DETERMINING REASONABLE COMPENSATION. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE SALARY ADJUSTMENT AND BONUS OF THE OFFICER OR KEY EMPLOYEE (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A LIST OF MEMBERS PRESENT DURING THE VOTE ON THE TRANSACTION; AND (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED UPON BY THE COMMITTEE. KEY DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED IN MINUTES WHICH ARE APPROVED AT THE NEXT COMMITTEE MEETING. THE LAST COMPARABILITY DATA WAS OBTAINED AND EVALUATED ON 11/09/2022 BY THE MANAGEMENT REVIEW COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST. FORM 990, PART XI, LINE 9: OCCUPANCY ADJUSTMENT -270,479. RETIREMENT OF NONTRANSFERABLE CERTIFICATES -15,000.