TY 2018 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) Gary Kilmer......................................................................
Director

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

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

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

(4) Ed Lisle......................................................................
Director

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

(5) Craig Pack......................................................................
Director

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

(6) Kathryn Griffin......................................................................
Treasurer

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

(7) Linda Lescault......................................................................
Secretary

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

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

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

(9) Dan O'Brien......................................................................
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) Donor advised funds	(b) Funds and other accounts
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 ........


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 7/25/06, 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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

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 11b	The 990 was reviewed by the General Manager and current Treasurer before filing.
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	Fertilizer & chemicals: Program service expenses 57,525. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,525. Rental expenses: Program service expenses 51,163. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,163. Water - golf course: Program service expenses 46,743. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,743. Materials & supplies: Program service expenses 41,955. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,955. Property taxes: Program service expenses 39,259. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,259. Loss on sale of assets: Program service expenses 20,141. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,141. Marketing & promotion: Program service expenses 19,110. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,110. Fees & permits: Program service expenses 17,616. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,616. Gas & oil: Program service expenses 16,670. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,670. Communications: Program service expenses 13,192. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,192. Sand: Program service expenses 12,713. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,713. Bank charges and fees: Program service expenses 9,504. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,504. Laundry: Program service expenses 8,736. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,736. Irrigation: Program service expenses 8,622. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,622. Employee incentives: Program service expenses 7,650. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,650. Miscellaneous expense - admin: Program service expenses 7,273. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,273. Employee discounts: Program service expenses 5,577. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,577. Food spoilage and theft: Program service expenses 4,376. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,376. Uniforms: Program service expenses 3,427. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,427. Junior golf expense: Program service expenses 3,219. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,219. Dues & subscriptions: Program service expenses 3,154. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,154. Driving range balls: Program service expenses 3,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,000. Shipping and handling: Program service expenses 2,261. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,261. Printing: Program service expenses 1,309. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,309. Landscaping: Program service expenses 1,270. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,270. Small tools: Program service expenses 1,041. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,041. Employee recruitment: Program service expenses 997. Management and general expenses 0. Fundraising expenses 0. Total expenses 997. Charitable events: Program service expenses 885. Management and general expenses 0. Fundraising expenses 0. Total expenses 885. Bad debt expense: Program service expenses 796. Management and general expenses 0. Fundraising expenses 0. Total expenses 796. Seed: Program service expenses 739. Management and general expenses 0. Fundraising expenses 0. Total expenses 739. Late Fees: Program service expenses 650. Management and general expenses 0. Fundraising expenses 0. Total expenses 650. Cash Over/Short: Program service expenses 549. Management and general expenses 0. Fundraising expenses 0. Total expenses 549. Entertainment: Program service expenses 337. Management and general expenses 0. Fundraising expenses 0. Total expenses 337. Security: Program service expenses 106. Management and general expenses 0. Fundraising expenses 0. Total expenses 106.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

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 400 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 2018 (Part V, line 2a) ......	5	60
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	170,667
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) .........	1,619,991	1,817,223
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,550	4,247
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	9,465	5,599
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,632,006	1,827,069
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)	826,132	934,698
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)....	1,016,596	1,058,886
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,842,728	1,993,584
19	Revenue less expenses. Subtract line 18 from line 12.......	-210,722	-166,515
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	2,496,308	2,359,432
21	Total liabilities (Part X, line 26).............	593,565	623,204
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,902,743	1,736,228

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,993,584 including grants of $ ) (Revenue $ 1,656,402 )
	The organization provides an 18-hole golf course, dining and facilities to its 400 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 expenses1,993,584

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	951,204	951,204	0
b	Dining room & lounge	722100	570,479	467,905	102,574
c	Golf course	713910	210,450	142,357	68,093
d	Pro shop	713910	85,090	85,090	0
e
f	All other program service revenue.
g	Total. Add lines 2a–2f ....		1,817,223

3 Investment income (including dividends, interest, and othersimilar amounts) ......			4,247	4,247
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
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
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	5,599	5,599
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			5,599
12	Total revenue. See Instructions......			1,827,069	1,656,402	170,667	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to domestic individuals. See Part IV, line 22
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 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	812,637	812,637
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	33,872	33,872
10	Payroll taxes ...........	88,189	88,189
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	32,396	32,396
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 ...........	15,534	15,534
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	168,056	168,056
23	Insurance ...	38,496	38,496
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	208,544	208,544
b	Golf shop supplies	65,380	65,380
c	Utilities	59,537	59,537
d	Building maintenance /	59,378	59,378
e	All other expenses	411,565	411,565
25	Total functional expenses. Add lines 1 through 24e	1,993,584	1,993,584	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 ........			18,711	1	37,851
2	Savings and temporary cash investments .........			10,826	2	0
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			129,058	4	140,211
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 ........			73,889	8	75,818
9	Prepaid expenses and deferred charges ......			13,444	9	5,414
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	5,479,451
b	Less: accumulated depreciation	10b	3,379,313	2,250,380	10c	2,100,138
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)...			2,496,308	16	2,359,432

17	Accounts payable and accrued expenses .....	142,428	17	160,702
18	Grants payable ...		18
19	Deferred revenue .........	235,124	19	294,947
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 ..	216,013	23	167,555
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..	593,565	26	623,204

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	1,325,543	27	1,159,028
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 ...........	1,902,743	33	1,736,228
34	Total liabilities and net assets/fund balances ........	2,496,308	34	2,359,432

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 ....	1,353,567	929,459	424,108
c	Leasehold improvements	1,632,725	1,338,601	294,124
d	Equipment ....	2,438,461	1,111,253	1,327,208
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,100,138

(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