2024-05-13T14:21:59-05:00 2023-06-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-07-01 270155624 BONITA BAY CLUB BONI 2399495048 26660 COUNTRY CLUB DRIVE BONITA SPRINGS FL 34134 DAVID TREADWELL TREASURER 2399495048 2024-05-13 1 DAVID TREADWELL 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL LIESMANN 26660 COUNTRY CLUB DRIVE BONITA SPRINGS FL 34134 43588150 0 X N/A X 2009 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 576 9 1585412 0 0 0 30538318 32735205 -240372 52103 4041830 4141985 34339776 36929293 0 0 0 0 20930140 23368258 0 0 0 18931762 25254396 39861902 48622654 -5522126 -11693361 103917338 115343543 10212727 14032947 93704611 101310596 BONITA BAY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB HAS FIVE 18-HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 6/30/23 WERE APPROXIMATELY 119,660 OF WHICH 23,596 WERE NON-MEMBER RELATED. TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $6,703,778 OF WHICH $818,555 WAS NON-MEMBER 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 282 0 1 576 1 1 1 0 0 0 1 1 0 2440576 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 X REBECCA HUNTER 2399495099 26660 COUNTRY CLUB DRIVE BONITA SPRINGS FL 341344398 MICHAEL LIESMANN PRESIDENT 1.00 X X 0 0 0 JIM DAUWALTER VICE PRESIDENT 1.00 X X 0 0 0 MARIE VERSCHUUREN SECRETARY 1.00 X X 0 0 0 DAVID TREADWELL TREASURER 1.00 X X 0 0 0 PAUL FISSEL DIRECTOR 1.00 X 0 0 0 NOREEN HARRINGTON DIRECTOR 1.00 X 0 0 0 PETER JANSON DIRECTOR 1.00 X 0 0 0 FRANK KINZIE DIRECTOR 1.00 X 0 0 0 RHONDA WATTON DIRECTOR 1.00 X 0 0 0 FREDERICK FUNG GENERAL MANAGER 50.00 X 660953 0 29800 REBECCA HUNTER DIRECTOR OF FINANCE 40.00 X 239925 0 25458 HAL AKINS DIRECTOR OF GOLF COURSE OP 40.00 X 454058 0 35870 STEPHANIE GLASCO DIRECTOR OF MEMBERSHIP 40.00 X 286137 0 13521 EJ MCDONNELL DIRECTOR OF GOLF 40.00 X 332711 0 17924 RICHARD BRUMM DIRECTOR OF CULINARY 40.00 X 257753 0 19376 JOSEPH ELWELL ASSISTANT GENERAL MANAGER 40.00 X 256689 0 34422 2488226 0 176371 7 0 1 0 MVP WORKFORCE PO BOX 6690 CAROL STREAM IL 601976690 TEMPORARY LABOR 859728 1 MEMBERSHIP DUES 713910 25749520 25749520 GOLF FEES 713910 5014513 3963703 1050810 FITNESS/SPA/SALON 713910 1040108 1040108 TENNIS 713910 931064 930809 255 32735205 770808 770808 0 122200 70097 52103 52103 52103 9751951 5817952 3933999 3399652 534347 OTHER INCOME 713910 207986 207986 207986 36929293 35291778 1585412 52103 19424792 2304367 1639099 180359 9264173 1107717 GOLF COURSE MAINTENANCE 4834830 HURRICANE IAN EXPENSES 3465779 FACILITIES & MAINTENANC 1781308 GOLF ACTIVITIES 1517375 3102855 48622654 3809772 3692819 1031758 1057246 1083713 1296484 225434 131754 146737342 58354306 91972883 88383036 5793778 20782204 103917338 115343543 4706847 4524570 2659866 2915166 2846014 6593211 10212727 14032947 X 93621821 101290808 82790 19788 93704611 101310596 103917338 115343543 X -11693361 19299346 X X 0 1 X 1 0 17905289 17905289 90619465 42192779 48426686 12464719 5803622 6661097 25747869 10357905 15389964 88383036 BOARD DESIGNATED FUNDS 12563011 PROPERTY HELD FOR LEASE 1633552 OTHER ASSETS 207174 RIGHT-OF-USE ASSETS - FINANCE LEASES 2794109 RIGHT-OF-USE ASSETS - OPERATING LEASES 3584358 20782204 LONG TERM NOTES PAYABLE 582 OTHER LIABILITIES 107860 OPERATING LEASE LIABILITY 3589055 FINANCE LEASE LIABILITY 2895714 6593211 X 43518053 6588760 6588760 36929293 0 36929293 55211414 6588760 6588760 48622654 0 48622654 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISION OF THE INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARD CODIFICATION.TANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 5,817,952. RENTAL EXPENSES 770,808. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 5,817,952. RENTAL EXPENSES 770,808. X X X X X 0 0 0 FREDERICK FUNG GENERAL MANAGER 489107 0 135000 0 36846 0 12200 0 17600 0 690753 0 0 0 HAL AKINS DIRECTOR OF GOLF COURSE OP 389058 0 58400 0 6600 0 12200 0 23670 0 489928 0 0 0 EJ MCDONNELL DIRECTOR OF GOLF 257211 0 55000 0 20500 0 10338 0 7586 0 350635 0 0 0 STEPHANIE GLASCO DIRECTOR OF MEMBERSHIP 276137 0 10000 0 0 0 5935 0 7586 0 299658 0 0 0 JOSEPH ELWELL ASSISTANT GENERAL MANAGER 216289 0 40400 0 0 0 10752 0 23670 0 291111 0 0 0 RICHARD BRUMM DIRECTOR OF CULINARY 201562 0 40400 0 15791 0 10385 0 8991 0 277129 0 0 0 REBECCA HUNTER DIRECTOR OF FINANCE 177925 0 35000 0 27000 0 8908 0 16550 0 265383 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF (10 VOTES), GOLF ASSOCIATE (5 VOTES), GOLF IN WAITING - WEST (9 VOTES), SPORTS (5 VOTES), HOUSE (3 VOTES), SOCIAL (2 VOTES), NAPLES (6 VOTES), GOLF IN WAITING - NAPLES (1 VOTE.), NATIONAL (2 VOTES), AND RESERVE (5 VOTES). FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS ARE ELECTED BY ALL MEMBERS ENTITLED TO VOTE. MEMBER APPROVAL IS REQUIRED TO INCREASE CAPITAL ASSESSMENTS IF THE INCREASE IS MORE THAN $1 MILLION BUT LESS THAN $4 MILLION (MAJORITY VOTE) OR GREATER THAN $4 MILLION (60% VOTE). MEMBER APPROVAL (60% VOTE) IS REQUIRED TO EXCEED INDEBTEDNESS OF $12 MILLION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT 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 TREASURER AND CONTROLLER. THE TREASURER AND CONTROLLER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ADMINISTRATION OF THE POLICY SHALL BE THE RESPONSIBILITY OF THE BOARD OF DIRECTORS. ALL DIRECTORS, OFFICERS, AND EMPLOYEES WITH ADMINISTRATIVE RESPONSIBILITIES ARE GIVEN A COPY OF THE POLICY AND ACKNOWLEDGE UNDERSTANDING AND ACCEPTANCE OF THE POLICY. DEVIATIONS MAY BE SUFFICIENT GROUNDS FOR DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION OR REMOVAL FROM OFFICE. REPORTS SHALL BE SUBMITTED TO THE BOARD CONCERNING ANY CONFLICTS DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 THE HR DIRECTOR PROVIDES COMPETITIVE COMPENSATION ANALYSIS TO THE BOARD EVERY THREE YEARS. THE BOARD REVIEWS THIS ANALYSIS AND DETERMINES THE CHIEF OPERATING OFFICER'S SALARY FOR THE NEXT THREE YEARS. 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 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT THE CLUB'S WEBSITE, UPON REQUEST, AND UPON INSPECTION AT THE CLUB. THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AND INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION CONTRIBUTIONS 8,915,791. CAPITAL IMPROVEMENT ASSESSMENTS 6,611,251. CONVERSION FEE REFUNDS -136,035. CONVERSION FEES APPLIED TO SENIOR CREDITS -481,844. NET ASSETS WITH DONOR RESTRICTIONS RELEASED FROM RESTRICTIONS -63,002. HURRICANE IAN ASSESSMENT 4,453,185. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.