| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 19,400 | 0 | 19,400 | 19,400 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 5400 DORCHESTER | 830,583 | 124,587 | 705,996 | 705,996 |
| 5412 DORCHESTER | 376,038 | 54,839 | 321,199 | 321,199 |
| OPERATIONS BUILDING (3211 FOYSYTH DRIVE) | 755,916 | 85,040 | 670,876 | 670,876 |
| 5400 DORCHESTER IMPROVEMENTS | 218,169 | 118,175 | 99,994 | 99,994 |
| 5412 DORCESTER IMPROVEMENTS | 68,663 | 37,765 | 30,898 | 30,898 |
| HVAC UNIT 5400 DORCHESTER | 19,141 | 1,276 | 17,865 | 17,865 |
| VARIOUS (5400 DORCHESTER | 69,957 | 69,957 | 0 | |
| VARIOUS (5412 DORCHESTER) | 8,027 | 8,027 | 0 | |
| 5400 WAYNE ROAD (GOLD PARKING LOT) | 427,621 | 0 | 427,621 | 427,621 |
| 3005 NEAR WEST SEDGEFIELD DRIVE | 39,836 | 0 | 39,836 | 39,836 |
| LAND 5400 DORCHESTER | 220,130 | 0 | 220,130 | 220,130 |
| LAND - 5412 DORCHESTER | 301,232 | 0 | 301,232 | 301,232 |
| GOLD LOT INFRASTRUCTURE WORK | 16,500 | 6,119 | 10,381 | 10,381 |
| RETAINING WALL 5400 DORCHESTER | 26,630 | 7,545 | 19,085 | 19,085 |
| LANDSCAPING - 5400 DORCHESTER | 7,426 | 2,042 | 5,384 | 5,384 |
| SHORT GAME AREA | 1,581,323 | 349,209 | 1,232,114 | 1,232,114 |
| SHORT GAME AREA IMPROVEMENT TO ASSET 317 | 22,650 | 3,681 | 18,969 | 18,969 |
| SHORT GAME AREA IMPROVEMENT TO ASSET 317 | 33,669 | 5,190 | 28,479 | 28,479 |
| CARTH PATH IMPROVEMENTS | 19,578 | 653 | 18,925 | 18,925 |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| ADIRONDACK CHAIRS | 2,700 | 2,700 | 0 | |
| HOLE SIGNS | 15,564 | 15,564 | 0 | |
| SERVING COUNTERS, TIKI BAR, LEGENDS BAR | 15,000 | 15,000 | 0 | |
| HISTORY WALL | 26,688 | 26,688 | 0 | |
| CREDENTIAL MACHINE | 5,319 | 5,319 | 0 | |
| PARKING LOT, EXPANSION + CART PATHS | 114,578 | 114,578 | 0 | |
| CART PATHS | 5,330 | 5,330 | 0 | |
| GRASSMATS | 24,360 | 24,360 | 0 | |
| MINIATURE GOLF COURSE | 5,466 | 5,466 | 0 | |
| CART PATH ADJUSTMENT ON HOLE #13 | 39,236 | 39,236 | 0 | |
| TELEVISIONS FOR HOSPITALITY AREAS | 15,821 | 7,910 | 7,911 | 7,911 |
| (13) ENTRANCE POLE BANNERS | 23,624 | 6,300 | 17,324 | 17,324 |
| ROPE STAKES & TRASH CAN RINGS | 23,625 | 1,969 | 21,656 | 21,656 |
| CLUBHOUSE CARPET RUNNERS | 17,800 | 890 | 16,910 | 16,910 |
| 2002 CHEVY SILVERADO | 10,797 | 10,797 | 0 | |
| 2014 FORD EXPLORER | 26,311 | 26,311 | 0 | |
| 2016 CHEVROLET SUBURBAN | 38,700 | 38,700 | 0 | |
| 2022 HYUNDIA PALISADE | 45,634 | 29,662 | 15,972 | 15,972 |
| 2023 CADILLAC XT6 | 71,419 | 16,664 | 54,755 | 54,755 |
| Item No. | 1 |
|---|---|
| Lender's Name | TRUIST |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 888,250 |
| Balance Due | 611,270 |
| Date of Note | 2019-01 |
| Maturity Date | 2026-01 |
| Repayment Terms | PAYABLE IN MONTLY INSTALLMENTS OF $7,072 PLUS INTEREST AT 5.03%. |
| Interest Rate | 5.030000000000 |
| Security Provided by Borrower | SECURED BY A BUILDING WITH A CARRYING VALUE OF $809,819. |
| Purpose of Loan | REAL PROPERTY |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | TRUIST |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 452,455 |
| Balance Due | 316,066 |
| Date of Note | 2019-03 |
| Maturity Date | 2026-03 |
| Repayment Terms | PAYABLE IN MONTHLY INSTALLMENTS OF $3,603 PLUS INTEREST AT 5.03%. |
| Interest Rate | 5.030000000000 |
| Security Provided by Borrower | SECURED BY A BUILDING WITH A CARRYING VALUE OF $368,204. |
| Purpose of Loan | REAL PROPERTY |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | PGA TOUR |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 1,000,000 |
| Balance Due | 166,666 |
| Date of Note | 2020-08 |
| Maturity Date | 2026-02 |
| Repayment Terms | ANNUAL PAYMENTS OF $166,657 |
| Interest Rate | 1.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | TO COVER OPERATING LOSSES FROM THE 2020 TOURNAMENT. |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 4 |
|---|---|
| Lender's Name | PGA TOUR |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 1,000,000 |
| Balance Due | 0 |
| Date of Note | 2020-08 |
| Maturity Date | 2026-02 |
| Repayment Terms | ANNUAL PAYMENTS OF $166,667 |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | TO COVER OPERATING LOSSES FROM THE 2020 TOURNAMENT. |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 5 |
|---|---|
| Lender's Name | SMALL BUSINESS ADMINISTRATION |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 150,000 |
| Balance Due | 89,346 |
| Date of Note | 2020-06 |
| Maturity Date | 2050-08 |
| Repayment Terms | MONTHLY INSTALLMENTS OF $641 BEGINNING JUNE 2021. |
| Interest Rate | 2.750000000000 |
| Security Provided by Borrower | ALL TANGIBLE AND INTANGIBLE PERSONAL PROPERTY OF THE BORROWER. |
| Purpose of Loan | ECONOMIC INJURY DISASTER LOAN. |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 6 |
|---|---|
| Lender's Name | PGA TOUR |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 1,200,000 |
| Balance Due | 800,000 |
| Date of Note | 2023-03 |
| Maturity Date | 2026-02 |
| Repayment Terms | ANNUAL INSTALLMENTS OF $400,000 |
| Interest Rate | 2.250000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | BUYOUT OF LONG-TERM LEASE. |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 7 |
|---|---|
| Lender's Name | ALLY BANK |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 71,419 |
| Balance Due | 0 |
| Date of Note | 2023-11 |
| Maturity Date | 2029-11 |
| Repayment Terms | MONTHLY INSTALLMENTS OF $1,290 |
| Interest Rate | 8.950000000000 |
| Security Provided by Borrower | VEHICLE |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TOURNAMENT ACQUISITION COST | 525,134 | 525,134 | 525,134 |
| LESS ACCUMULATED AMORTIZATION | -525,134 | -525,134 | -525,134 |
| INTEREST IN TOURNAMENT DIRECTOR LIFE INSURANCE POLICY | 205,080 | 222,170 | 222,170 |
| OPERATING LEASE RIGHT-OF-USE ASSETS, NET | 0 | 156,155 | 156,155 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PURSE, PERSONNEL, AND GENERAL GOLF TOURNAMENT EXPENSES | 8,038,458 | 0 | 8,038,458 | 8,032,330 |
| HOSPITALITY | 2,974,118 | 0 | 2,974,118 | 3,078,652 |
| TOURNAMENT OPERATIONS | 2,755,797 | 0 | 2,755,797 | 2,751,169 |
| MEDIA | 598,766 | 0 | 598,766 | 596,691 |
| COURSE SALES (CLOTHING, CONCESSIONS, TICKETS) | 550,774 | 0 | 550,774 | 558,058 |
| RENT | 489,847 | 0 | 489,847 | 579,849 |
| GENERAL AND ADMINISTRATIVE | 156,153 | 0 | 159,353 | 158,822 |
| OFFICIAL TOURNAMENT PROGRAM EXPENSES | 22,791 | 0 | 22,791 | 0 |
| OFFICIAL DAILY PAIRINGS GUIDE EXPENSES | 9,902 | 0 | 9,902 | 0 |
| LESS WYNDHAM CHAMPIONSHIP INCOME | 0 | 0 | 0 | -16,373,421 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SPONSOR SALES | 1,352,500 | 1,352,500 | |
| HOSPITALITY | 3,847,455 | 3,847,455 | |
| TOURNAMENT ADMISSION | 168,783 | 168,783 | |
| CONCESSIONS, CLOTHING, AND PARKING | 894,655 | 894,655 | |
| SPONSORSHIP RECOGNITION | 1,008,595 | 1,008,595 | |
| PARTY SPONSORSHIPS | 243,053 | 243,053 | |
| TITLE SPONSOR, PGA REIMBURSEMENT, AND OTHER | 8,858,380 | 8,858,380 | |
| ADVERTISING REVENUE - OFFICIAL TOURNAMENT PROGRAM | 26,341 | 26,341 | |
| ADVERTISING REVENUE - OFFICAL DAILY PAIRINGS GUIDE | 16,364 | 16,364 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OPERATING LEASE LIABILITES | 0 | 178,518 |
| Name | Address |
|---|---|
|
WYNDHAM HOTELS & RESORTS |
22 SYLVAN WAY PARSIPPANY,NJ07054 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 93,510 | 0 | 93,510 | 93,510 |