| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 13,350 | 0 | 13,350 | 13,350 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 HP LAPTOPS | 2010-06 | PURCHASED | 2018-06 | 7,647 | 0 | 7,647 | ||||
| HP LAPTOP | 2011-03 | PURCHASED | 2018-09 | 2,036 | 0 | 2,036 | ||||
| PROJECTOR | 2011-10 | PURCHASED | 2018-07 | 500 | 0 | 500 | ||||
| HP LAPTOP | 2012-03 | PURCHASED | 2018-06 | 1,315 | 0 | 1,315 | ||||
| 6 DECKBOXES | 2008-08 | PURCHASED | 2018-12 | 842 | 0 | 842 | ||||
| CADDIE BIBS | 2010-08 | PURCHASED | 2018-06 | 2,725 | 0 | 2,725 | ||||
| FABRICATED ALUM HEADER SIGN FOR SCOREBOARD | 2011-02 | PURCHASED | 2018-12 | 1,568 | 0 | 1,568 | ||||
| WILL-CALL DECK, TRAILER RAMP, WALLSCREEN ETC. | 2013-08 | PURCHASED | 2018-12 | 7,600 | 0 | 7,600 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 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 | |
| 2002 CHEVY SILVERADO | 10,797 | 10,797 | 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 | |
| 2000 CHEVY SUBURBAN | 7,385 | 7,385 | 0 | |
| FLAGS FOR BRANDING AROUND BLEACHERS | 2,452 | 2,452 | 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 | |
| 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 | |
| FENCE AT CART SHED | 2,865 | 2,865 | 0 | |
| 5 COOL-MIST FANS | 4,250 | 4,250 | 0 | |
| (2) COOL-MIST FANS | 1,590 | 1,590 | 0 | |
| OFFICE FURNITURE (KELLY'S OFFICE) | 2,036 | 2,036 | 0 | |
| IPADS (MARK, BOBBY, STEVE, TERRY, & KELLY) | 3,906 | 3,906 | 0 | |
| TEEBOX COOLERS | 3,609 | 3,609 | 0 | |
| RECYCLING CONTAINERS | 7,048 | 7,048 | 0 | |
| DOWNTOWN STREET BANNERS | 8,583 | 8,583 | 0 | |
| TIKI BARS & CUBBY SHELF | 6,000 | 6,000 | 0 | |
| SIGN REVISIONS | 7,000 | 7,000 | 0 | |
| STANDARD BEARER SIGNS | 11,059 | 11,059 | 0 | |
| BARRICADE COVERS | 4,188 | 4,188 | 0 | |
| CADDIE BIBS | 5,154 | 5,154 | 0 | |
| ADIRONDACK CHAIRS | 2,700 | 2,700 | 0 | |
| HOLE SIGNS | 15,564 | 13,748 | 1,816 | 1,816 |
| SERVING COUNTERS, TIKI BAR, LEGENDS BAR | 15,000 | 13,250 | 1,750 | 1,750 |
| HISTORY WALL | 26,688 | 23,574 | 3,114 | 3,114 |
| HP PROLIANT SERVER | 15,837 | 11,614 | 4,223 | 4,223 |
| CREDENTIAL MACHINE | 5,319 | 3,900 | 1,419 | 1,419 |
| PARKING LOT, EXPANSION + CART PATHS | 114,578 | 82,114 | 32,464 | 32,464 |
| CART PATHS | 5,330 | 3,820 | 1,510 | 1,510 |
| NEW HEADERS FOR STANDARDS & DRIVING RANGE SIG | 721 | 721 | 0 | |
| 5400 WAYNE ROAD (GOLD PARKING LOT) | 427,621 | 0 | 427,621 | 427,621 |
| GRASSMATS | 24,360 | 5,800 | 18,560 | 18,560 |
| 2014 FORD EXPLORER | 26,311 | 7,016 | 19,295 | 19,295 |
| GOLD LOT INFRASTRUCTURE WORK | 16,500 | 1,169 | 15,331 | 15,331 |
| 2016 CHEVROLET SUBURBAN | 38,700 | 3,870 | 34,830 | 34,830 |
| MINIATURE GOLF COURSE | 5,464 | 454 | 5,010 | 5,010 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 18,251 | 0 | 18,251 | 18,142 |
| Item No. | 1 |
|---|---|
| Lender's Name | BRANCH BANKING & TRUST COMPANY |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 6,400,000 |
| Balance Due | 3,000,000 |
| Date of Note | 2008-02 |
| Maturity Date | 2023-03 |
| Repayment Terms | ACCRUED INTEREST MONTHLY; PRINCIPAL $400,000/YEAR; BALANCE DUE 5/15/16. |
| Interest Rate | 3.470000000000 |
| 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. | 2 |
|---|---|
| Lender's Name | BRANCH BANKING & TRUST COMPANY |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 800,000 |
| Balance Due | 0 |
| Date of Note | 2013-12 |
| Maturity Date | 2019-05 |
| Repayment Terms | INTEREST IS TO BE PAID MONTHLY. |
| Interest Rate | 4.250000000000 |
| 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 | -529,300 | -543,134 | -543,134 |
| DEPOSITS | 28,964 | 28,888 | 28,888 |
| INTEREST IN TOURNAMENT DIRECTOR LIFE INSURANCE POLICY | 102,540 | 119,630 | 119,630 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RENT | 419,947 | 0 | 419,947 | 419,947 |
| GENERAL AND ADMINISTRATIVE | 162,544 | 0 | 162,544 | 161,951 |
| PURSE, PERSONNEL, AND GENERAL GOLF TOURNAMENT EXPENSES | 6,312,994 | 0 | 6,312,994 | 6,313,063 |
| TOURNAMENT OPERATIONS | 2,616,411 | 0 | 2,616,411 | 2,609,305 |
| COURSE SALES (CLOTHING, CONCESSIONS, TICKETS) | 646,944 | 0 | 646,944 | 650,569 |
| MEDIA | 287,246 | 0 | 287,246 | 287,243 |
| HOSPITALITY | 1,153,450 | 0 | 1,153,450 | 1,142,050 |
| OFFICIAL TOURNAMENT PROGRAM EXPENSES | 26,203 | 0 | 26,203 | 0 |
| OFFICIAL DAILY PAIRINGS GUIDE EXPENSES | 34,138 | 0 | 34,138 | 0 |
| AMORTIZATION | 13,834 | 0 | 13,834 | 0 |
| LESS WYNDHAM CHAMPIONSHIP INCOME | 0 | 0 | 0 | -13,204,449 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SPONSOR SALES | 1,391,750 | 1,391,750 | |
| HOSPITALITY | 3,161,811 | 3,161,811 | |
| TOURNAMENT ADMISSION | 334,613 | 334,613 | |
| CONCESSIONS, CLOTHING, AND PARKING | 639,290 | 639,290 | |
| SPONSORSHIP RECOGNITION | 895,692 | 895,692 | |
| PARTY SPONSORSHIPS | 93,000 | 93,000 | |
| TITLE SPONSOR, PGA REIMBURSEMENT, AND OTHER | 6,688,293 | 6,688,293 | |
| ADVERTISING REVENUE - OFFICIAL TOURNAMENT PROGRAM | 44,922 | 44,922 | |
| ADVERTISING REVENUE - OFFICIAL DAILY PAIRINGS GUIDE | 55,080 | 55,080 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 65,388 | 0 | 65,388 | 65,388 |
| UNRELATED BUSINESS INCOME TAX | 7,290 | 0 | 7,290 | 0 |