| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 11,500 | 0 | 11,500 | 11,500 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| COOLING UNIT COVERS | 2008-08 | PURCHASED | 2014-07 | 14,938 | 0 | 14,938 | ||||
| 2010 HONDA INSIGHT | 2009-03 | PURCHASED | 2014-01 | 3,500 | 23,968 | 0 | 2,701 | 23,169 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART V, LINE 1, COLUMN (B) AND PART XIV, LINE 2C, COLUMN (B) | QUALIFYING DISTRIBUTIONS FOR 2011 HAVE BEEN ADJUSTED TO ACCOUNT FOR INCOME GENERATED BY THE WYNDHAM CHAMPIONSHIP GOLF TOURNAMENT. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| QUICK BOOKS | 1,033 | 1,033 | 0 | |
| MICROSOFT OFFICE 2007 PROFESSIONAL | 4,933 | 4,933 | 0 | |
| HP LABTOP (VOLUNTEERS) | 937 | 937 | 0 | |
| MICROSOFT OFFICE 2007 LICENSE (PRO-AM LABTOP) | 517 | 517 | 0 | |
| HP LABTOP (CLAI) | 611 | 611 | 0 | |
| WINDOWS SMALL BUSINESS SERVER 08 | 12,875 | 12,231 | 644 | 644 |
| 4 HP LAPTOPS (MARK, STEVE, BOBBY, KELLY)) | 7,647 | 6,882 | 765 | 765 |
| HP LAPTOP (SHARON) | 2,036 | 1,561 | 475 | 475 |
| PROJECTOR | 500 | 317 | 183 | 183 |
| HP LAPTOP (TERRY) | 1,315 | 723 | 592 | 592 |
| OFFICE FURNITURE (KELLY'S OFFICE) | 2,036 | 1,629 | 407 | 407 |
| PERPETUAL TROPHY | 6,945 | 6,945 | 0 | |
| FENCING FROM SIGNATURE SYSTEMS | 8,000 | 8,000 | 0 | |
| 42IN PICKET FENCING 80 SECTIONS | 8,394 | 8,394 | 0 | |
| 42" PICKET PANEL FENCING | 8,376 | 8,376 | 0 | |
| EPI SUITE LITE USB HUB | 816 | 816 | 0 | |
| 40 PIECES WHILE PLASTIC FENCING 42" X 6' | 4,080 | 4,080 | 0 | |
| 50 PIECES CROWD CONTROL BARRICADE W/2 FLAT FT | 4,450 | 4,450 | 0 | |
| 27 COURSE PIN FLAGS | 1,009 | 1,009 | 0 | |
| FLAGS FOR BRANDING AROUND BLEACHERS | 2,452 | 2,452 | 0 | |
| NEW HEADERS FOR STANDARDS & DRIVING RANGE SIG | 1,441 | 1,441 | 0 | |
| CADDIE BIBS | 3,304 | 3,304 | 0 | |
| 1/3 OF SIGNAGE FOR WYNDHAM TOURNAMENT | 7,301 | 7,301 | 0 | |
| RE-ROUTING OF CABLES ON COURSE | 5,582 | 5,582 | 0 | |
| PHONE LINE TERMINALS FOR SHOTLINK | 3,693 | 3,693 | 0 | |
| SHELVING & DOCK BOARD - WAREHOUSE | 8,495 | 8,495 | 0 | |
| CREDENTIAL MACHINE | 3,564 | 3,564 | 0 | |
| DRIVING RANGE NETTING | 51,476 | 51,476 | 0 | |
| BARRICADE COVERS | 4,204 | 4,204 | 0 | |
| ARTWOKR & FRAMING - MEN'S LOCKER ROOM | 5,133 | 5,133 | 0 | |
| (5) WC RUGS FOR CLUBHOUSE | 8,414 | 8,414 | 0 | |
| (6) ARMLESS PADDINGTON LEATHER BAR STOOLS | 2,850 | 2,850 | 0 | |
| WC SIGNAGE FOR SCC | 41,706 | 41,706 | 0 | |
| 6 DECKBOXES | 842 | 842 | 0 | |
| (11) SCOREBOARD HEADER PANELS | 3,878 | 3,878 | 0 | |
| FENCE AT CART SHED | 2,865 | 2,865 | 0 | |
| TOURNKEY COMPUTER PROGRAM | 5,000 | 5,000 | 0 | |
| (5) 50" BREEZEMASTER FANS & BASES | 43,144 | 38,111 | 5,033 | 5,033 |
| 5 COOL-MIST FANS | 4,250 | 3,754 | 496 | 496 |
| (2) 50" BREEZEMASTER FANS & BASES | 17,933 | 15,542 | 2,391 | 2,391 |
| CADDIE BIBS | 2,725 | 2,725 | 0 | |
| (2) COOL-MIST FANS | 1,590 | 1,378 | 212 | 212 |
| FABRICATED ALUM HEADER SIGN FOR SCOREBOARD | 1,568 | 1,202 | 366 | 366 |
| IPADS (MARK, BOBBY, STEVE, TERRY, & KELLY) | 3,906 | 2,864 | 1,042 | 1,042 |
| TEEBOX COOLERS | 3,609 | 2,466 | 1,143 | 1,143 |
| RECYCLING CONTAINERS | 7,048 | 4,816 | 2,232 | 2,232 |
| DOWNTOWN STREET BANNERS | 8,583 | 5,722 | 2,861 | 2,861 |
| TIKI BARS & CUBBY SHELF | 6,000 | 2,900 | 3,100 | 3,100 |
| SIGN REVISIONS | 7,000 | 3,033 | 3,967 | 3,967 |
| STANDARD BEARER SIGNS | 11,059 | 3,502 | 7,557 | 7,557 |
| BARRICADE COVERS | 4,188 | 1,187 | 3,001 | 3,001 |
| PALM & BAMBOO FAKE FOLIAGE PLANTS | 4,107 | 1,164 | 2,943 | 2,943 |
| CADDIE BIBS | 5,154 | 2,434 | 2,720 | 2,720 |
| ADIRONDACK CHAIRS | 2,700 | 720 | 1,980 | 1,980 |
| WILL-CALL DECK,TRAILER RAMP, WALLSCREEN ETC | 7,600 | 2,027 | 5,573 | 5,573 |
| HOLE SIGNS | 15,564 | 1,297 | 14,267 | 14,267 |
| SERVING COUNTERS, TIKI BAR, LEGENDS BAR | 15,000 | 1,250 | 13,750 | 13,750 |
| HISTORY WALL | 26,688 | 2,224 | 24,464 | 24,464 |
| 2002 CHEVY SILVERADO | 10,797 | 10,797 | 0 | |
| 2000 CHEVY SUBURBAN | 7,385 | 7,385 | 0 | |
| 2013 CADILLAC ATS | 46,466 | 8,519 | 37,947 | 37,947 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 4,287 | 0 | 4,287 | 4,287 |
| Item No. | 1 |
|---|---|
| Lender's Name | |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 150000 |
| Balance Due | 150000 |
| Date of Note | 2006-12 |
| Maturity Date | 2015-05 |
| Repayment Terms | INTEREST IS TO BE PAID MONTHLY. |
| Interest Rate | 4.000000000000 |
| Security Provided by Borrower | EQUIPMENT RECEIVABLE |
| Purpose of Loan | LINE OF CREDIT |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 6400000 |
| Balance Due | 4875167 |
| Date of Note | 2008-02 |
| Maturity Date | 2016-05 |
| Repayment Terms | ACCRUED INTEREST MONTHLY; PRINCIPAL $250,000/YEAR; BALANCE DUE 5/15/16. |
| Interest Rate | 3.000000000000 |
| Security Provided by Borrower | BANK & INVESTMENT ACCOUNTS; GUARANTEED BY OTHER TRUST AND OTHER FOUNDATION. |
| Purpose of Loan | BUYOUT OF LONG-TERM LEASE. |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 600000 |
| Balance Due | 600000 |
| Date of Note | 2010-12 |
| Maturity Date | 2015-06 |
| Repayment Terms | INTEREST IS TO BE PAID MONTHLY. |
| Interest Rate | 4.000000000000 |
| Security Provided by Borrower | UNSECURED |
| Purpose of Loan | LINE OF CREDIT |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TOURNAMENT ACQUISITION COST | 543,134 | 543,134 | 543,134 |
| LESS ACCUMULATED AMORTIZATION | -312,047 | -366,360 | -366,360 |
| DEPOSITS | 13,285 | 82,000 | 82,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RENT | 272,164 | 0 | 272,164 | 272,164 |
| PURSE, PERSONNEL, AND GENERAL GOLF TOURNAMENT EXPENSES | 5,738,489 | 0 | 5,738,489 | 5,790,539 |
| TOURNAMENT OPERATIONS | 2,395,545 | 0 | 2,395,545 | 2,403,196 |
| COURSE SALES (CLOTHING, CONCESSIONS, TICKETS) | 490,145 | 0 | 490,145 | 511,308 |
| MEDIA | 348,725 | 0 | 348,725 | 348,725 |
| HOSPITALITY | 930,223 | 0 | 930,223 | 922,031 |
| GENERAL AND ADMINISTRATIVE EXPENSES | 336,973 | 0 | 336,973 | 337,651 |
| CONSULTING FEES | 287,500 | 0 | 287,500 | 287,500 |
| OFFICIAL TOURNAMENT PROGRAM EXPENSES | 10,495 | 0 | 10,495 | 0 |
| OFFICIAL DAILY PAIRINGS GUIDE EXPENSES | 22,174 | 0 | 22,174 | 0 |
| AMORTIZATION | 54,313 | 0 | 54,313 | 0 |
| LESS WYNDHAM CHAMPIONSHIP INCOME | 0 | 0 | 0 | -11,663,921 |
| BIRDIES FOR BACKPACKS | 15,750 | 0 | 15,750 | 15,750 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SPONSOR SALES | 1,064,550 | 1,064,550 | |
| HOSPITALITY | 2,765,473 | 2,765,473 | |
| TOURNAMENT ADMISSION | 315,299 | 315,299 | |
| CONCESSIONS, CLOTHING, AND PARKING | 521,761 | 521,761 | |
| SPONSORSHIP RECOGNITION | 1,064,534 | 1,064,534 | |
| PARTY SPONSORSHIPS | 69,750 | 69,750 | |
| TITLE SPONSOR, PGA REIMBURSEMENT, AND OTHER | 5,862,554 | 5,862,554 | |
| ADVERTISING REVENUE - OFFICIAL TOURNAMENT PROGRAM | 33,032 | 33,032 | |
| ADVERTISING REVENUE - OFFICIAL DAILY PAIRINGS GUIDE | 38,250 | 38,250 |
| Name | Address |
|---|---|
| MIKE HALEY |
11911 US HWY ONE SUITE 201 NORTH PALM BEACH,FL33408 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 56,964 | 0 | 56,964 | 56,964 |
| UNRELATED BUSINESS INCOME TAX | 3,103 | 0 | 3,103 | 0 |