2025-11-14T10:58:56-06:00 2024-12-31 430765316 RUBINBROWN LLP 1900 16TH STREET SUITE 1700 DENVER CO 80202 990 2024-01-01 840966000 COUNTRY CLUB AT CASTLE PINES INC COUN 3036887400 6400 COUNTRY CLUB DRIVE CASTLE ROCK CO 80108 CRYSTAL GRAY CFO 3036887400 2025-11-14 1 1 QING SU P01986343 3036981883 2024 2025-03-06 01:10:19Z CRYSTAL GRAY 6400 COUNTRY CLUB DRIVE CASTLE ROCK CO 80108 16003045 0 X WWW.CCATCASTLEPINES.COM X 1984 CO THE PURPOSE OF THE CLUB IS TO OPERATE AS A PRIVATE, NONPROFIT, SOCIAL AND RECREATIONAL CLUB WITHIN THE MEANING OF SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE (THE "CODE"). 9 9 249 65 419956 0 9199663 10144469 4713020 5101271 -12937 156 59678 235290 13959424 15481186 0 0 0 0 6894318 7591000 0 0 0 7344073 7786587 14238391 15377587 -278967 103599 39745998 39103433 15848851 15249467 23897147 23853966 THE PURPOSE OF THE CLUB IS TO OPERATE AS A PRIVATE, NONPROFIT, SOCIAL AND RECREATIONAL CLUB WITHIN THE MEANING OF SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE (THE "CODE"). 0 0 THIS IS A SOCIAL CLUB OPERATING FOR THE MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 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 14 0 1 249 1 1 1 0 0 0 0 3379184 419800 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CRYSTAL GRAY CFO 3036606808 6400 COUNTRY CLUB DRIVE CASTLE ROCK CO 80108 TODD PORCH PRESIDENT 10.00 X X 0 0 0 FRANK SEGRAVE VICE PRESIDENT 10.00 X X 0 0 0 RICHARD GILBERT VICE PRESIDENT (THRU 12/24) 10.00 X X 0 0 0 JOHN MCCRAW TREASURER 10.00 X X 0 0 0 MARCY BLAIR SECRETARY 10.00 X X 0 0 0 JACK VICKERS III FOUNDING MEMBER 5.00 X 0 0 0 DON BECK DIRECTOR (THRU 12/24) 5.00 X 0 0 0 DAN EZRA DIRECTOR (THRU 12/24) 5.00 X 0 0 0 RYAN HAITH DIRECTOR 5.00 X 0 0 0 SCOTT JANSSEN DIRECTOR 5.00 X 0 0 0 MICHAEL MYERS DIRECTOR (THRU 12/24) 5.00 X 0 0 0 MATT O'NEILL DIRECTOR 5.00 X 0 0 0 KIM VANAUKEN DIRECTOR 5.00 X 0 0 0 PERRY KENNEY CHIEF OPERATING OFFICER 50.00 X 342200 0 7648 RICHARD EARL CHIEF FINANCIAL OFFICER (THRU 12/24) 50.00 X 160471 0 15743 CADE HASSEL DIRECTOR OF GOLF 50.00 X 165198 0 32944 JOSH CHESHIER CLUBHOUSE MAINTENANCE 50.00 X 103308 0 14616 LANCE LAUER DIRECTOR OF GROUNDS 50.00 X 216616 0 7994 CHRISTOPHER MAURER MECHANIC 50.00 X 117140 0 18007 CHRISTOPHER LEWICKI DIRECTOR OF SALES AND MARKETING 50.00 X 184882 0 21937 1289815 0 118889 8 0 1 0 0 10144469 10144469 FOOD FEES AND SALES 713910 3411983 3209592 202391 GOLF FEES AND SALES 713910 1626636 1409227 217409 LOCKER ROOM 713910 62580 62580 MEMBER EVENT CHARGES 713910 72 72 5101271 156 156 498456 521859 -23403 -23403 INSURANCE PROCEEDS 713910 97368 97368 POOL REVENUES 713910 52234 52234 TENNIS REVENUES 713910 37704 37704 71387 71387 258693 15481186 4916761 419956 0 526062 5357026 65677 1023735 618500 45995 3950 98672 404640 96792 16170 88149 546647 2480268 179520 FOOD AND BEVERAGE EXPEN 2017474 CLUBHOUSE EXPENSE 819353 PROPERTY TAXES 337884 GROUNDS MAINTENANCE 283536 367537 15377587 1389736 1513466 1317578 1359325 439697 566699 142531 251219 48155078 15038841 34228027 33116237 481074 481074 1747355 1815413 39745998 39103433 1568777 1368878 663402 789202 13616672 13091387 15848851 15249467 X 0 0 0 0 23897147 23853966 23897147 23853966 39745998 39103433 X 103599 -146780 X X 0 1 X 1 0 3974056 3974056 29249026 6716005 22533021 10786785 6248249 4538536 4049024 2074587 1974437 96187 96187 33116237 X 16106839 103794 103794 16003045 -521859 -521859 15481186 15981774 604187 604187 15377587 0 15377587 PART X, LINE 2: IN 2007, THE COUNTRY CLUB APPLIED FOR AND RECEIVED TAX-EXEMPT STATUS AS A 501(C)(7) ORGANIZATION UNDER THE INTERNAL REVENUE CODE (THE IRC). PREVIOUSLY, THE COUNTRY CLUB WAS A TAXABLE ORGANIZATION UNDER IRC 277, WHERE MEMBER- AND NONMEMBER-RELATED OPERATIONS WERE SUBJECT TO INCOME TAXES, IF PROFITABLE. AS PART OF THIS CONVERSION, NET OPERATING LOSS CARRY-FORWARDS ARE AVAILABLE AT DECEMBER 31, 2024 TO OFFSET FUTURE NONMEMBER INCOME. SINCE THERE IS NO ASSURANCE THAT FUTURE TAXABLE INCOME WILL BE GENERATED, A VALUATION ALLOWANCE HAS BEEN ESTABLISHED FOR THE FULL AMOUNT OF THE NET OPERATING LOSS CARRY-FORWARDS. AS A TAX-EXEMPT ORGANIZATION, CERTAIN INTEREST INCOME AND NONMEMBER REVENUE IS CONSIDERED TAXABLE. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION DID NOT INCUR TAXES ON UNRELATED TAXABLE BUSINESS ACTIVITIES IN 2024 AND 2023. THE CLUB EVALUATES ITS TAX POSITIONS TAKEN AND BELIEVES NONE ARE CONSIDERED TO BE UNCERTAIN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CCCP SCHOLARSHIP FOUNDATION REVENUE REPORTED ON A SEPARATE RETURN 103,794. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD -521,859. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD 521,859. CCCP SCHOLARSHIP FOUNDATION EXPENSE REPORTED ON A SEPARATE RETURN 82,328. X X X X 0 0 0 PERRY KENNEY CHIEF OPERATING OFFICER 290000 0 52200 0 0 0 7138 0 510 0 349848 0 0 0 LANCE LAUER DIRECTOR OF GROUNDS 189616 0 27000 0 0 0 7585 0 409 0 224610 0 0 0 CHRISTOPHER LEWICKI DIRECTOR OF SALES AND MARKETING 92327 0 11000 0 81555 0 6955 0 14982 0 206819 0 0 0 CADE HASSEL DIRECTOR OF GOLF 146539 0 16250 0 2409 0 5958 0 26986 0 198142 0 0 0 RICHARD EARL CHIEF FINANCIAL OFFICER (THRU 12/24) 131731 0 18750 0 9990 0 0 0 15743 0 176214 0 0 0 PART I, LINE 6 "NET FROM OPERATIONS" BONUSES ARE ACCRUED FOR THE EXECUTIVE MANAGEMENT TEAM UP TO $60,000 PER PERSON FOR THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS MEMBER OWNED AND THE DIRECTORS OF THE BOARD ARE ELECTED BY THE MEMBERSHIP. THE CLUB IS GOVERNED BY BY-LAWS, WHICH CAN ONLY BE MODIFIED WITH MEMBER APPROVAL. CLUB RULES AND REGULATIONS ARE MANAGED BY THE BOARD AND THE EXECUTIVE MANAGEMENT TEAM IN SUPPORT OF THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS INCLUDE THE FOLLOWING: (1) REGULAR MEMBERS, WHO ARE ENTITLED TO FULL PRIVILEGES; (2) ONE FOUNDER MEMBER; AND ONE PRE - 2016 JUNIOR MEMBERS, WHO ARE MEMBERS WITH FULL PRIVILEGES BUT ARE UNDER A SPECIFIC AGE. IN ORDER TO BE ELIGIBLE TO VOTE, A VOTING MEMBER MUST BE IN GOOD STANDING IN REGARDS TO THE PAYMENT OF ANY CLUB OBLIGATIONS AND INITIATION FEES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS ARE SUBJECT TO THE APPROVAL OF THE VOTING MEMBERS OF THE CLUB: (1) THE ELECTION AND REMOVAL OF DIRECTORS; (2) AN INCREASE OR DECREASE IN THE MEMBERSHIP NUMBER; (3) LARGE CAPITAL EXPENDITURES; (4) LARGE REAL ESTATE TRANSACTIONS; (5) CERTAIN ASSESSMENTS; (6) A MERGER OF THE CLUB WITH OR INTO ANOTHER ENTITY; (7) THE SALE OR DISSOLUTION OF THE CLUB; AND (8) AMENDING THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 IN DETAIL AND THEN PROVIDES A COMPLETE COPY TO THE PRESIDENT AND BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CHIEF OPERATING OFFICER REVIEWS THE CONFLICT OF INTEREST POLICY. THE COO THEN FOCUSES ON AND REVIEWS THE POLICY WITH MANAGERS AND MEMBERS SERVING THE CLUB, INCLUDING THE BOARD OF DIRECTORS. AFTER THESE REVIEWS, THE COO THEN PROVIDES A REPORT DURING A REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CHIEF OPERATING OFFICER AND THE DEPARTMENT HEADS IS DETERMINED BY THE COMPENSATION COMMITTEE, WHICH IS A THREE-MEMBER SUB-COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE'S PROCESS OF SETTING COMPENSATION INCLUDES GATHERING INDUSTRY COMPENSATION DATA. THIS INFORMATION IS COMPARED TO THE MANAGERS' CURRENT COMPENSATION, THEN IS RANKED ACCORDINGLY AND USED TO ASSIST IN DETERMINING THE PROPOSED NEW COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: NEW MEMBER INITIATION FEE 139,520. REFUNDS AND FORFEITURES OF EQUITY OF RESIGNED MEMBERS -208,300. REFUNDS AND FORFEITURES OF SUBSCRIPTION FEES FOR RESIGNED MEMBERS -78,000. PART XII LINE 2C THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.