Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | ON JANUARY 18, 2016, TUMBLE BROOK COUNTRY CLUB, INC., ENTERED INTO A PRIVATE GOLF CLUB FACILITY MANAGEMENT AGREEMENT WITH TROON GOLF, LLC. PURSUANT TO THIS AGREEMENT, TROON GOLF, LLC, WAS GRANTED THE RIGHT TO SUPERVISE AND DIRECT THE MANAGEMENT AND OPERATION OF TUMBLE BROOK COUNTRY CLUB, FOR AND ON ACCOUNT OF TUMBLE BROOK COUNTRY CLUB, SUBJECT TO INPUT BY, AND OVERSIGHT FROM, TUMBLE BROOK COUNTRY CLUB. THE INITIAL TERM OF THIS AGREEMENT WILL END DECEMBER 31, 2020, BUT MAY BE RENEWED BY AGREEMENT OF THE PARTIES, OR TERMINATED EARLY BY DECISION OF TUMBLE BROOK COUNTRY CLUB. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE TUMBLE BROOK COUNTRY CLUB, INC. (THE "CLUB"), WAS INCORPORATED AS A MEMBERSHIP CLUB. |
| FORM 990, PART VI, SECTION A, LINE 7A | A NOMINATING COMMITTEE IS APPOINTED. MEMBERS NOMINATE A MEMBER FOR AN OFFICER'S POSITION. MEMBERS CAST A VOTE FOR THE NOMINEES. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBER VOTES ARE NEEDED FOR THE FOLLOWING: ASSESSMENTS OF $2,000 PER REGULAR FAMILY MEMBER PER YEAR. ASSESSMENT OVER A 60-MONTH PERIOD EXCEEDING $500,000. PURCHASE, DISPOSE OF, OR EFFECT THE INDEBTEDNESS OVER $500,000. |
| FORM 990, PART VI, SECTION B, LINE 11B | EACH OF THE BOARD MEMBERS AND TBCC INVESTOR GROUP RECEIVES A COPY OF THE 990 BEFORE THE FORM IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE DETERMINATION OF COMPENSATION OF THE CLUB'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL IS REVIEWED BY THE CLUB'S BOARD OF DIRECTORS. THE DETERMINATION OF COMPENSATION OF THE CLUB'S OTHER OFFICERS OR KEY EMPLOYEES IS REVIEWED BY THE CLUB'S GENERAL MANAGER ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. |
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