TY 2015 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) Bill Fuller......................................................................
President

5.00
.................

(2) Mel Hughes......................................................................
Director

5.00
.................

(3) Edward J Gormley......................................................................
Vice President

5.00
.................

(4) Kurt Barnes......................................................................
Director

5.00
.................

(5) Linda Lescault......................................................................
Treasurer

5.00
.................

(6) Mike Gunn......................................................................
Director

5.00
.................

(7) Cinda Rima......................................................................
Secretary

5.00
.................

(8) Al Kulle......................................................................
Director

5.00
.................

(9) Jim Thomas......................................................................
Director

5.00
.................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

Michelbook Estates Inc

Employer identification number

93-0517948

Return Reference	Explanation
Form 990, Part VI, Section A, line 6	The organization has stockholders or certificate holders who are members of the club.
Form 990, Part VI, Section A, line 7a	There is an annual election where members are nominated and voted on amongst the general members.
Form 990, Part VI, Section B, line 11	The 990 is reviewed by the organization's authorized signer before being filed.
Form 990, Part VI, Section B, line 12c	The organization obtains written, signed documents from directors annually.
Form 990, Part VI, Section C, line 19	The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
Form 990, Part IX, line 24e	Golf shop supplies: Program service expenses 59,498. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,498. Fertilizer & chemicals: Program service expenses 55,651. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,651. Property taxes: Program service expenses 52,171. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,171. Building maintenance / repair: Program service expenses 50,454. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,454. Water - golf course: Program service expenses 48,573. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,573. Materials & supplies: Program service expenses 39,827. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,827. Gas & oil: Program service expenses 17,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,337. Laundry: Program service expenses 11,702. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,702. Sand: Program service expenses 10,951. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,951. Entertainment: Program service expenses 10,125. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,125. Bank charges and fees: Program service expenses 8,611. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,611. Irrigation: Program service expenses 5,395. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,395. Dues & subscriptions: Program service expenses 5,066. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,066. Fees & permits: Program service expenses 3,692. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,692. Employee meals: Program service expenses 3,283. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,283. Golf shop supplies: Program service expenses 2,772. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,772. Shipping and handling: Program service expenses 2,246. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,246. Printing: Program service expenses 1,922. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,922. Uniforms: Program service expenses 1,847. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,847. Seed: Program service expenses 1,475. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,475. Landscaping: Program service expenses 1,460. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,460. Small tools: Program service expenses 518. Management and general expenses 0. Fundraising expenses 0. Total expenses 518. Employee commission - golf shop: Program service expenses 510. Management and general expenses 0. Fundraising expenses 0. Total expenses 510.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: The organization provides an 18-hole golf course, dining and lounge facilities to its 436 active members, solely for their pleasure and recreation.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	63
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	234,969
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,830,303	1,726,165
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	6,251	9,240
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	15,691	1,881
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,852,245	1,737,286
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	833,820	825,041
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,089,194	1,005,980
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,923,014	1,831,021
19	Revenue less expenses. Subtract line 18 from line 12.......	-70,769	-93,735
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	2,635,477	2,615,855
21	Total liabilities (Part X, line 26).............	380,329	454,442
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,255,148	2,161,413

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,831,021 including grants of $ ) (Revenue $ 1,502,317 )
	The organization provides an 18-hole golf course, dining and facilities to its 436 active members, solely for their pleasure and recreation.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses1,831,021

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

			Business Code
2a	Membership dues	713910	949,224	949,224	0
b	Dining room & lounge	722100	499,897	334,386	165,511
c	Golf course	713910	189,710	120,252	69,458
d	Golf shop	713910	87,334	87,334	0
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			1,726,165

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			5,240	5,240
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	4,000
b	Less: cost or other basis and sales expenses	0
c	Gain or (loss)	4,000
d	Net gain or (loss).....			4,000	4,000
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	Other revenue		713910	1,881	1,881
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			1,881
12	Total revenue. See Instructions......			1,737,286	1,502,317	234,969	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	664,903	664,903
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	76,830	76,830
10	Payroll taxes ...........	83,308	83,308
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	17,590	17,590
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	1,317	1,317
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	157,890	157,890
23	Insurance ...	20,603	20,603
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Food & beverage supplie	195,674	195,674
b	Rental expenses	82,110	82,110
c	Utilities	71,152	71,152
d	Marketing & promotion	64,558	64,558
e	All other expenses	395,086	395,086
25	Total functional expenses. Add lines 1 through 24e	1,831,021	1,831,021	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			47,749	1	56,099
2	Savings and temporary cash investments .........				2	19,220
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			120,034	4	127,228
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........			66,343	8	59,274
9	Prepaid expenses and deferred charges ......			44,221	9	48,102
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	5,314,665
b	Less: accumulated depreciation	10b	3,008,733	2,357,130	10c	2,305,932
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 34)...			2,635,477	16	2,615,855

17	Accounts payable and accrued expenses .....	153,302	17	198,906
18	Grants payable ...		18
19	Deferred revenue .........	135,445	19	125,993
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..	91,582	23	129,543
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	380,329	26	454,442

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	1,677,948	27	1,584,213
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets	577,200	29	577,200
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	2,255,148	33	2,161,413
34	Total liabilities and net assets/fund balances ........	2,635,477	34	2,615,855

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land ...	54,698		54,698
b	Buildings	1,348,998	852,480	496,518
c	Leasehold improvements	2,413,242	947,964	1,465,278
d	Equipment ...	1,497,727	1,208,289	289,438
e	Other ...
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,305,932

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII