TY 2019 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) Gary Kilmer......................................................................
Director

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

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

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

(3) Ed Lisle......................................................................
Director

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

(4) Linda Lescault......................................................................
President

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

(5) Al Kulle......................................................................
Director

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

(6) Linda Schwichtenberg......................................................................
Secretary

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

(7) Kevin Gebhart......................................................................
Director

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

(8) Carole Benedict......................................................................
Treasurer

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

(9) Mel Hughes......................................................................
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

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

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

2019

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	Property taxes: Program service expenses 59,935. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,935. Fertilizer & chemicals: Program service expenses 53,786. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,786. Rental expenses: Program service expenses 48,149. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,149. Materials & supplies: Program service expenses 43,803. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,803. Water - golf course: Program service expenses 37,912. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,912. Computer Services: Program service expenses 26,112. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,112. Marketing & promotion: Program service expenses 24,907. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,907. Gas & oil: Program service expenses 18,980. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,980. Contract Labor: Program service expenses 14,022. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,022. Sand: Program service expenses 12,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,474. Communications: Program service expenses 11,130. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,130. Irrigation: Program service expenses 9,701. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,701. Employee incentives: Program service expenses 8,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,875. Laundry: Program service expenses 8,807. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,807. Bank charges and fees: Program service expenses 8,642. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,642. Employee discounts: Program service expenses 6,275. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,275. Food spoilage and theft: Program service expenses 4,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,096. Junior golf expense: Program service expenses 4,054. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,054. Uniforms: Program service expenses 3,965. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,965. Miscellaneous expense - admin: Program service expenses 3,791. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,791. Landscaping: Program service expenses 3,308. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,308. Dues & subscriptions: Program service expenses 2,966. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,966. Fees & permits: Program service expenses 2,951. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,951. Shipping and handling: Program service expenses 2,316. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,316. Driving range balls: Program service expenses 2,268. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,268. Charitable events: Program service expenses 1,910. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,910. Loss on sale of assets: Program service expenses 1,632. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,632. Printing: Program service expenses 1,498. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,498. Seed: Program service expenses 1,447. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,447. Employee recruitment: Program service expenses 956. Management and general expenses 0. Fundraising expenses 0. Total expenses 956. Late Fees: Program service expenses 485. Management and general expenses 0. Fundraising expenses 0. Total expenses 485. Small tools: Program service expenses 426. Management and general expenses 0. Fundraising expenses 0. Total expenses 426. Bad debt expense: Program service expenses 300. Management and general expenses 0. Fundraising expenses 0. Total expenses 300. Cash Over/Short: Program service expenses 121. Management and general expenses 0. Fundraising expenses 0. Total expenses 121.
Form 990, Part XI, line 9:	Increase in Restricted Net Assets towards Capital Improvements 315,604.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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 2019 (Part V, line 2a) ......	5	59
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	198,393
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,817,223	2,038,419
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	4,247	4,272
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	5,599	4,766
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,827,069	2,047,457
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)	934,698	983,902
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)....	1,058,886	1,103,322
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,993,584	2,087,224
19	Revenue less expenses. Subtract line 18 from line 12.......	-166,515	-39,767
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	2,359,432	2,543,827
21	Total liabilities (Part X, line 26).............	623,204	531,762
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,736,228	2,012,065

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 2,087,224 including grants of $ ) (Revenue $ 1,849,064 )
	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 expenses2,087,224

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:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	Membership dues	713910	1,071,273	1,071,273	0
b	Dining room & lounge	722100	607,817	494,890	112,927
c	Golf course	713910	247,208	161,742	85,466
d	Pro shop	713910	112,121	112,121	0
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		2,038,419

3 Investment income (including dividends, interest, and othersimilar amounts) ......			4,272	4,272
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	Other revenue		713910	4,766	4,766
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			4,766
12	Total revenue. See instructions.....			2,047,457	1,849,064	198,393	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, 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........	843,536	843,536
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	45,014	45,014
10	Payroll taxes ...........	95,352	95,352
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	29,356	29,356
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 ...........	8,502	8,502
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	172,490	172,490
23	Insurance ...	29,348	29,348
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	214,799	214,799
b	Golf shop supplies	83,398	83,398
c	Building maintenance /	69,593	69,593
d	Utilities	63,836	63,836
e	All other expenses	432,000	432,000
25	Total functional expenses. Add lines 1 through 24e	2,087,224	2,087,224	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 ........			37,851	1	197,128
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			140,211	4	144,895
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			75,818	8	76,501
9	Prepaid expenses and deferred charges ......			5,414	9	4,392
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	5,622,712
b	Less: accumulated depreciation	10b	3,501,801	2,100,138	10c	2,120,911
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 33)...			2,359,432	16	2,543,827

17	Accounts payable and accrued expenses .....	160,702	17	152,454
18	Grants payable ...		18
19	Deferred revenue .........	294,947	19	261,850
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	167,555	23	117,458
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..	623,204	26	531,762

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	1,159,028	27	1,286,462
28	Net assets with donor restrictions ...........	577,200	28	725,603
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	1,736,228	32	2,012,065
33	Total liabilities and net assets/fund balances ........	2,359,432	33	2,543,827

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 ....	1,378,812	954,584	424,228
c	Leasehold improvements	1,601,818	1,391,340	210,478
d	Equipment ....	2,587,384	1,155,877	1,431,507
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,120,911

(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
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)