Audubon Country Club Association

“The organization utilizes a management company, troon prive, to make operational decisions on a day-to-day basis.”

“The organization approved a by-law change to establish a hard cap of 340 golf members, create a new social membership category called 'resident social waiting golf" ("rswg") for members who want a resident golf membership when one is unavailable, and provide for redemption of equity of refundable resident member whose memership is placed on redemption list, after sale of membership in any category when the total golf membership number is at or above cap. Further, a waitlist was established for rswg members.”

“Membership consists of golf and social members.”

“All membership categories are authorized to participate in the election of the governing body.”

“Decisions that are subject to membership approval include by-law changes and capital purchases over $500,000. All membership categories can vote and they all have the same voting rights. Each membership gets 2 votes.”

“The organization's process to review form 990 includes review by the chief financial officer, general manager, and board treasurer prior to filing form 990. Once reviewed and approved, the treasurer authorizes electronic filing of form 990.”

“Associates are expected to disclose any conflicts of interest that arise during the year.”

“Compensation is discussed between the general manager and the human resources chair. Once they have a recommendation on compensation of key employees, they send the recommendation to the board and the board ultimately approves it.”

“Governing documents and financial statements are available upon request and via inspection at the club. Financial statements are also available on the organization's website.”

“Food & beverage 234,788. Non-recurring expenses 149,358. Tennis, fitness & other 148,820. Property taxes 130,744. Golf operations 130,658. Interest rate swap 38,743. Licenses 11,383.”

“Membership initiation fees 3,542,500. Capital improvements assessments 1,588,230. Renovation assessments - 2019 431,572. Redemption of capital improvement and renovation assessments -13,735. Redemption of refundable equity -110,000.”