| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 12,900 | 0 | 12,900 | 12,900 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| QUICK BOOKS | 2007-12 | PURCHASED | 2015-03 | 1,035 | 0 | 1,035 | ||||
| NEW HEADERS FOR STANDARDS & DRIVI | 2007-08 | PURCHASED | 2015-06 | 721 | 0 | 721 | ||||
| MICROSOFT OFFICE 2007 PROFESSIONAL | 2008-12 | PURCHASED | 2015-05 | 4,933 | 0 | 4,933 | ||||
| TOURNKEY COMPUTER PROGRAM | 2008-12 | PURCHASED | 2015-03 | 5,000 | 0 | 5,000 | ||||
| MICROSOFT OFFICE 2007 LICENSE | 2009-07 | PURCHASED | 2015-05 | 517 | 0 | 517 | ||||
| WINDOWS SMALL BUSINESS SERVER 08 | 2010-03 | PURCHASED | 2015-05 | 12,875 | 0 | 12,875 | ||||
| (5) 50" BREEZEMASTER FANS & BASES | 2010-08 | PURCHASED | 2015-03 | 43,144 | 0 | -3,595 | 39,549 | |||
| (2) 50" BREEZEMASTER FANS & BASES | 2010-08 | PURCHASED | 2015-03 | 17,933 | 0 | -1,794 | 16,139 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART V, LINE 1, COLUMN (B) AND PART XIV, LINE 2C, COLUMN (D) | 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 |
|---|---|---|---|---|
| HP LABTOP (VOLUNTEERS) | 937 | 937 | 0 | |
| HP LABTOP (CLAI) | 611 | 611 | 0 | |
| 4 HP LAPTOPS (MARK, STEVE, BOBBY, KELLY)) | 7,647 | 7,647 | 0 | |
| HP LAPTOP (SHARON) | 2,036 | 1,968 | 68 | 68 |
| PROJECTOR | 500 | 417 | 83 | 83 |
| HP LAPTOP (TERRY) | 1,315 | 986 | 329 | 329 |
| HP PROLIANT SERVER | 15,837 | 2,112 | 13,725 | 13,725 |
| OFFICE FURNITURE (KELLY'S OFFICE) | 2,036 | 2,036 | 0 | |
| 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 | |
| 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 | |
| 5 COOL-MIST FANS | 4,250 | 4,250 | 0 | |
| CADDIE BIBS | 2,725 | 2,725 | 0 | |
| (2) COOL-MIST FANS | 1,590 | 1,590 | 0 | |
| FABRICATED ALUM HEADER SIGN FOR SCOREBOARD | 1,568 | 1,515 | 53 | 53 |
| IPADS (MARK, BOBBY, STEVE, TERRY, & KELLY) | 3,906 | 3,646 | 260 | 260 |
| TEEBOX COOLERS | 3,609 | 3,188 | 421 | 421 |
| RECYCLING CONTAINERS | 7,048 | 6,225 | 823 | 823 |
| DOWNTOWN STREET BANNERS | 8,583 | 7,438 | 1,145 | 1,145 |
| TIKI BARS & CUBBY SHELF | 6,000 | 4,100 | 1,900 | 1,900 |
| SIGN REVISIONS | 7,000 | 4,433 | 2,567 | 2,567 |
| STANDARD BEARER SIGNS | 11,059 | 5,714 | 5,345 | 5,345 |
| BARRICADE COVERS | 4,188 | 2,024 | 2,164 | 2,164 |
| PALM & BAMBOO FAKE FOLIAGE PLANTS | 4,107 | 1,985 | 2,122 | 2,122 |
| CADDIE BIBS | 5,154 | 4,152 | 1,002 | 1,002 |
| ADIRONDACK CHAIRS | 2,700 | 1,260 | 1,440 | 1,440 |
| WILL-CALL DECK,TRAILER RAMP, WALLSCREEN ETC | 7,600 | 3,547 | 4,053 | 4,053 |
| HOLE SIGNS | 15,564 | 4,410 | 11,154 | 11,154 |
| SERVING COUNTERS, TIKI BAR, LEGENDS BAR | 15,000 | 4,250 | 10,750 | 10,750 |
| HISTORY WALL | 26,688 | 7,561 | 19,127 | 19,127 |
| CREDENTIAL MACHINE | 5,319 | 709 | 4,610 | 4,610 |
| PARKING LOT, EXPANSION + CART PATHS | 114,578 | 13,367 | 101,211 | 101,211 |
| CART PATHS | 5,330 | 622 | 4,708 | 4,708 |
| NEW HEADERS FOR STANDARDS & DRIVING RANGE SIG | 721 | 721 | 0 | |
| 2002 CHEVY SILVERADO | 10,797 | 10,797 | 0 | |
| 2000 CHEVY SUBURBAN | 7,385 | 7,385 | 0 | |
| 2013 CADILLAC ATS | 46,463 | 17,812 | 28,651 | 28,651 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 3,681 | 0 | 3,681 | 3,681 |
| Item No. | 1 |
|---|---|
| Lender's Name | BRANCH BANKING & TRUST COMPANY |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 150,000 |
| Balance Due | 0 |
| Date of Note | 2006-12 |
| Maturity Date | 2017-05 |
| 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 | BRANCH BANKING & TRUST COMPANY |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 6,400,000 |
| Balance Due | 4,625,167 |
| 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 | BRANCH BANKING & TRUST COMPANY |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 600,000 |
| Balance Due | 0 |
| Date of Note | 2010-12 |
| Maturity Date | 2017-05 |
| 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 | -366,360 | -420,674 | -420,674 |
| DEPOSITS | 82,000 | 57,302 | 57,302 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RENT | 244,367 | 0 | 244,367 | 244,367 |
| PURSE, PERSONNEL, AND GENERAL GOLF TOURNAMENT EXPENSES | 5,755,979 | 0 | 5,755,979 | 5,761,424 |
| TOURNAMENT OPERATIONS | 2,447,524 | 0 | 2,447,524 | 2,432,560 |
| COURSE SALES (CLOTHING, CONCESSIONS, TICKETS) | 605,815 | 0 | 605,815 | 606,681 |
| MEDIA | 350,956 | 0 | 350,956 | 347,401 |
| HOSPITALITY | 1,064,518 | 0 | 1,064,518 | 1,056,295 |
| GENERAL AND ADMINISTRATIVE EXPENSES | 122,112 | 0 | 122,112 | 129,229 |
| CONSULTING FEES | 287,500 | 0 | 287,500 | 287,500 |
| OFFICIAL TOURNAMENT PROGRAM EXPENSES | 10,336 | 0 | 10,336 | 0 |
| OFFICIAL DAILY PAIRINGS GUIDE EXPENSES | 19,849 | 0 | 19,849 | 0 |
| AMORTIZATION | 54,313 | 0 | 54,313 | 0 |
| LESS WYNDHAM CHAMPIONSHIP INCOME | 0 | 0 | 0 | -12,634,188 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SPONSOR SALES | 1,145,750 | 1,145,750 | |
| HOSPITALITY | 2,953,568 | 2,953,568 | |
| TOURNAMENT ADMISSION | 556,771 | 556,771 | |
| CONCESSIONS, CLOTHING, AND PARKING | 731,412 | 731,412 | |
| SPONSORSHIP RECOGNITION | 1,127,386 | 1,127,386 | |
| PARTY SPONSORSHIPS | 72,700 | 72,700 | |
| TITLE SPONSOR, PGA REIMBURSEMENT, AND OTHER | 6,046,601 | 6,046,601 | |
| ADVERTISING REVENUE - OFFICIAL TOURNAMENT PROGRAM | 22,200 | 22,200 | |
| ADVERTISING REVENUE - OFFICIAL DAILY PAIRINGS GUIDE | 30,577 | 30,577 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 64,374 | 0 | 64,374 | 64,374 |
| UNRELATED BUSINESS INCOME TAX | 5,588 | 0 | 5,588 | 0 |