Holly Tree 2015 990tax
Holly Tree 2015 990tax
Form
990 Return of Organization Exempt From Income Tax OMB No 1545-0047
Under section 501 (c), 527, or 4947 ( a)(1) of the Internal Revenue Code ( except private
foundations)
Do not enter social security numbers on this form as it may be made public
201 4
Department of the Treasury
Internal Revenue Service 1-Information about Form 990 and its instructions is at www.IRS.gov/form990
A For the 2014 calendar year, or tax year beginning 04-01-2014 , and ending 03-31-2015
C Name of organization D Employer identification number
B Check if applicable
HOLLY TREE COUNTRY CLUB INC
F Address change 57-0863116
F Name change Doing business as
1 Initial return
E Telephone number
Final Number and street (or P 0 box if mail is not delivered to street address) Room/suite
fl return/terminated 500 GOLF CLUB DRIVE
(864) 967-9510
1 Amended return City or town, state or province, country, and ZIP or foreign postal code
SIMPSONVILLE, SC 296815300 G Gross receipts $ 3,049,220
1 Application pending
F Name and address of principal officer H(a) Is this a group return for
subordinates? F Yes F7 No
K Form of organization F Corporation 1 Trust F_ Association (- Other 0- L Year of formation 1973 M State of legal domicile SC
Summary
1 Briefly describe the organization's mission or most significant activities
RECREATIONAL SOCIAL CLUB
w
2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets
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 1 b) . . . . 4 9
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) . 5 129
6 Total number of volunteers (estimate if necessary) 6 36
7aTotal unrelated business revenue from Part VIII, column (C), line 12 . . . . . . . 7a 266,986
b Net unrelated business taxable income from Form 990-T, line 34 . . . . . . . 7b
Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) 0
9 Program service revenue (Part VIII, line 2g) . 2,241,840 2,356,190
N 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d . . . 572 782
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 47,132 -24,000
12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line
12) . . . . . . . . . . . . . . . . . . . 2,289,544 2,332,972
13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) . 0
14 Benefits paid to or for members (Part IX, column (A), line 4) . 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines
1,101,169 1,052,903
5-10)
16a Professional fundraising fees (Part IX, column (A), line 11e) 0
Signature of officer
Sign
Here JOSEPH R JACKSON GENERAL MANAGER
Type or print name and title
May the IRS discuss this return with the preparer shown above? (see instructs
For Paperwork Reduction Act Notice, see the separate instructions.
Form 990 (2014) Page 2
Statement of Program Service Accomplishments
Check if Schedule 0 contains a response or note to any line in this Part III .F
1 Briefly describe the organization's mission
RECREATIONAL SOCIAL CLUB
2 Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? . . . . . . . . . . . . . . . . . . . . . . fl Yes F No
If "Yes," describe these new services on Schedule 0
3 Did the organization cease conducting, or make significant changes in how it conducts, any program
services? . . . . . . . . . . . . . . . . . . . . . . . . . . . . F Yes F No
If "Yes," describe these changes on Schedule 0
4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by
expenses Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others,
the total expenses, and revenue, if any, for each program service reported
10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, 10 No
permanent endowments, or quasi-endowments? If "Yes,"complete Schedule D, Part V .
11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII,
VIII, IX, or X as applicable
a Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
lla Yes
If "Yes," complete Schedule D, Part VI. . . . . . . . . . . . . . . . . . . .
b Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more of
llb No
its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIS . . . . . .
c Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more of
llc No
its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII . . . . . .
d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets
lid No
reported in Part X, line 16? If "Yes," complete Schedule D, Part IX' . . . . . . . . . . . .
e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, PartX
lle No
f Did the organization's separate or consolidated financial statements for the tax year include a footnote that
llf No
addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete
Schedule D, Part X. . . . . . . . . . . . . . . . . . . . . . . . . .
12a Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII . . . . . . . . . . . . . . . . . 12a No
b Was the organization included in consolidated, independent audited financial statements for the tax year? If
12b No
"Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional IN
13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," completeScheduleE . .
13 No
14a Did the organization maintain an office, employees, or agents outside of the United States? . 14a No
b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising,
business, investment, and program service activities outside the United States, or aggregate foreign investments
valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV . . . . . . . . 14b No
15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or
15 No
for any foreign organization? If "Yes," complete Schedule F, Parts II and IV
16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other
16 No
assistance to or for foreign individuals? If "Yes," complete Schedule F, Parts III and IV . .
17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part 17 No
IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, PartI (see instructions) . . . .
18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part
18 No
VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II . . . . . . . . . . .
19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If 19 No
"Yes," complete Schedule G, Part III . . . . . . . . . . . . . . . . . . .
20a Did the organization operate one or more hospital facilities? If "Yes,"completeSchedul eH . . 20a No
b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
1 20b
Form 990 (2014)
Form 990 (2014) Page 4
Checklist of Required Schedules (continued)
21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or 21 No
domestic government on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II . .
22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part 22 No
IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and III .
23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's
23 No
current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes,"
complete Schedule J . . . . . . . . . . . . . . . . . . . . . . .
24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000
as of the last day of the year, that was issued after December 31, 2002? If"Yes," answer lines 24b through 24d
No
and complete Schedule K. If "No,"go to line 25a . . . . . . . . . . . . . . . 24a
b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?
24b
c Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? . 24c
d Did the organization act as an on behalf of issuer for bonds outstanding at any time during the year? . 24d
25a Section 501(c )( 3), 501(c)(4), and 501 ( c)(29) organizations . Did the organization engage in an excess benefit
transaction with a disqualified person during the year? If "Yes,"complete Schedule L, Part I . . . 25a
b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior
year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If 25b
"Yes," complete Schedule L, Part I . . . . . . . . . . . . . . . . . . .
26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current
or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? 26 No
If "Yes," complete Schedule L, Part II . . . . . . . . . . . . . . . .
27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial
contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family 27 No
member of any of these persons? If "Yes," complete Schedule L, Part III . . . . . . . . .
28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV
instructions for applicable filing thresholds, conditions, and exceptions)
a A current or former officer, director, trustee, or key employee? If "Yes,"complete Schedule L, Part
IV . . . . . . . . . . . . . . . . . . . . . . . . .
28a No
b A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
28b No
complete Schedule L, Part IV . . . . . . . . . . . . . . . . . . . .
c A n entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was
28c No
an officer, director, trustee, or direct or indirect owner? If "Yes,"complete Schedule L, Part IV . .
29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes,"completeScheduleM 29 No
30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified
30 No
conservation contributions? If "Yes," complete Schedule M . . . . . . . . . . . . .
31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
31 No
Part I . . . . . . . . . . . . . . . . . . . . . . . . . . .
32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes, " complete
32 No
Schedule N, Part II . . . . . . . . . . . . . . . . . . . . . .
33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations
33 No
sections 301 7701-2 and 301 7701-3? If "Yes," complete Schedule R, PartI .
34 Was the organization related to any tax-exempt or taxable entity? If "Yes,"complete Schedule R, Part II, III, orIV,
34 No
and Part V, line l . . . . . . . . . . . . . . . . . . . . . . . .
35a Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a No
b If'Yes'to line 35a, did the organization receive any payment from or engage in any transaction with a controlled
35b
entity within the meaning of section 512 (b)(13 )? If "Yes,"complete Schedule R, Part V, line 2 . . .
36 Section 501(c )( 3) organizations. Did the organization make any transfers to an exempt non-charitable related
organization? If "Yes,"complete Schedule R, Part V, line 2 . . . . . . . . . . . . 36
37 Did the organization conduct more than 5 % of its activities through an entity that is not a related organization
37 No
and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 1 lb and 19?
38 No
Note . All Form 990 filers are required to complete Schedule 0 . . . . . . . . . . .
Form 990 (2014)
Form 990 (2014) Page 5
Statements Regarding Other IRS Filings and Tax Compliance
MEW-
Check if Schedule 0 contains a response or note to any line in this Part V (-
Yes No
la Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable . la 8
b Enter the number of Forms W-2G included in line la Enter-0- if not applicable lb 0
c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable
gaming (gambling) winnings to prize winners? . . . . . . . . . . . . . . . . . 1c Yes
2a Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered
by this return . . . . . . . . . . . . . . . . . 2a 129
b If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b Yes
Note . If the sum of lines la and 2a is greater than 250 , you may be required to e-file (see instructions)
3a Did the organization have unrelated business gross income of $1,000 or more during the year? . . 3a Yes
b If "Yes," has it filed a Form 990-T for this year? If 'No" to line 3b, provide an explanation in Schedule O . . 3b Yes
4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority
over, a financial account in a foreign country (such as a bank account, securities account, or other financial
account)? . . . . . . . . . . . . . . . . . . . . . . . . . . No
e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit
contract? . 7e
f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f
g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as
required? . 7g
h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a
Form 1098-C? . 7h
8 Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time
during the year? . 8
9a Did the sponsoring organization make any taxable distributions under section 4966? . . 9a
b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b
10 Section 501(c )( 7) organizations. Enter
a Initiation fees and capital contributions included on Part VIII, line 12 . 10a 28,01
b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club 10b
facilities
11 Section 501(c )( 12) organizations. Enter
a Gross income from members or shareholders . . . . . . . . 11a
b Gross income from other sources (Do not net amounts due or paid to other sources
against amounts due or received from them ) . . . . . . . . . 11b
12a Section 4947 (a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? 12a
b If "Yes," enter the amount of tax-exempt interest received or accrued during the
year . . . . . . . . . . . . . . . . . . . 12b
11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing
the form? . . . . . . . . . . . . . . . . . . . . . . . . . . . 11a No
b Describe in Schedule 0 the process, if any, used by the organization to review this Form 990
12a Did the organization have a written conflict of interest policy? If "No,"go to line 13 . 12a No
b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give
rise to conflicts? . . . . . . . . . . . . . . . . . . . . . . . . . 12b
c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe
in Schedule 0 how this was done . 12c
13 Did the organization have a written whistleblower policy? 13 No
14 Did the organization have a written document retention and destruction policy? . 14 Yes
15 Did the process for determining compensation of the following persons include a review and approval by
independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a The organization's CEO, Executive Director, or top management official 15a No
b Other officers or key employees of the organization 15b No
If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions)
16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a
taxable entity during the year? . . . . . . . . . . . . . . . . . . . . . 16a No
b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its
participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the
organization's exempt status with respect to such arrangements? 16b
Section C. Disclosure
17 List the States with which a copy of this Form 990 is required to be filed- SC
18 Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)
(3 )s only) available for public inspection Indicate how you made these available Check all that apply
fl Own website fl Another's website fl Upon request fl Other (explain in Schedule O)
19 Describe in Schedule 0 whether (and if so, how) the organization made its governing documents, conflict of
interest policy, and financial statements available to the public during the tax year
20 State the name, address, and telephone number of the person who possesses the organization's books and records
-SUSAN CORN
500 GOLF CLUB DRIVE
SIMPSONVILLE,SC 29681 (864)967-9510
Form 990 (2014)
Form 990 (2014) Page 7
Compensation of Officers , Directors,Trustees, Key Employees , Highest Compensated
Employees, and Independent Contractors
Check if Schedule 0 contains a response or note to any line in this Part VII .(-
Section A. Officers, Directors, Trustees, Kev Employees, and Highest Compensated Employees
la Complete this table for all persons required to be listed Report compensation for the calendar year ending with or within the organization's
tax year
* List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation Enter-0- in columns (D), (E), and (F) if no compensation was paid
* List all of the organization's current key employees, if any See instructions for definition of "key employee "
* List the organization's five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations
* List all of the organization's former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations
* List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations
List persons in the following order individual trustees or directors, institutional trustees, officers, key employees, highest
compensated employees, and former such persons
F Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee
J.
a ;3 ur
lb Sub -Total . . . . . . . . . . . . . . . . 0-
c Total from continuation sheets to Part VII, Section A . . . . 0-
d Total ( add lines lb and 1c ) . . . . . . . . . . . . 0-
2 Total number of individuals (including but not limited to those listed above) who received more than
$100,000 of reportable compensation from the organizationO-
No
3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employee
on line la? If "Yes," complete Schedule Jfor such individual . . . . . . . . . . . . . 3 No
4 For any individual listed on line la, is the sum of reportable compensation and other compensation from the
organization and related organizations greater than $150,000? If "Yes," complete Schedule -7 for such
individual . . . . . . . . . . . . . . . . . . . . . . . . . . 4 No
5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual for
services rendered to the organization? If "Yes," complete Schedule Jfor such person . . . . . . . 5 No
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 -
Form 990 (2014)
Form 990 (2014) Page 9
Statement of Revenue
Check if Schedule 0 contains a response or note to any line in this Part VIII F
(A) (B) (C) (D)
Total revenue Related or Unrelated Revenue
exempt business excluded from
function revenue tax under
revenue sections
512-514
Z la Federated campaigns . la
r
= b Membership dues . . . . lb
6- 0
0 E c Fundraising events . . . . 1c
d Related organizations . ld
tJ'
E e Government grants (contributions) le
Business Code
2a MEMBERSHIP DUES 1,478,976 1,478,976
5 Royalties . . . . . . . . . . . 0-
(i) Real (ii) Personal
6a Gross rents
b Less rental
expenses
c Rental income
or (loss)
d Net rental inco me or (loss) . . lim-
(i) Securities (ii) Other
7a Gross amount
from sales of 439
assets other
than inventory
b Less cost or
other basis and 228
sales expenses
c Gain or (loss) 211
C
d All other revenue . .
e Total .Add lines 11a-11d .
b Legal . 2,230
c Accounting 7,500
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 . 9,914
13 Office expenses . 12,688
14 Information technology
15 Royalties
16 Occupancy 148,550
17 Travel . . . . . . . . . . . 1,725
18 Payments of travel or entertainment expenses for any federal,
state, or local public officials
19 Conferences, conventions, and meetings 525
20 Interest . 76,100
21 Payments to affiliates
22 Depreciation, depletion, and amortization 177,816
23 Insurance . . . . . . . . . . . . . 54,961
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 7 250
'cc
8 Inventories for sale or use 29,513 8 26,938
18 Grants payable 18
19 Deferred revenue . . . . . . . . . . . . . . . 175,529 19 240,187
Organizations that follow SFAS 117 ( ASC 958 ), check here 1- F and complete
lines 27 through 29, and lines 33 and 34.
C5 27 Unrestricted net assets 1,432,368 27 1,338,751
M
ca 28 Temporarily restricted net assets 28
29 Permanently restricted net assets 29
r
_
W_ Organizations that do not follow SFAS 117 (ASC 958), check here 1 F 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
4T 32 Retained earnings, endowment, accumulated income, or other funds 32
33 Total net assets or fund balances 1,432,368 33 1,338,751
z
34 Total liabilities and net assets/fund balances 3,805,985 34 3,834,081
Form 990 (2014)
Form 990 (2014) Page 12
« Reconcilliation of Net Assets
Check if Schedule 0 contains a response or note to any line in this Part XI (-
1 Total revenue (must equal Part VIII, column (A), line 12) . .
1 2,332,972
2 Total expenses (must equal Part IX, column (A), line 25) . .
2 2,454,599
3 Revenue less expenses Subtract line 2 from line 1
3 -121,627
4 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A))
4 1,432,368
5 Net unrealized gains (losses) on investments
5
6 Donated services and use of facilities
6
7 Investment expenses . .
7
8 Prior period adjustments . .
8
9 Other changes in net assets or fund balances (explain in Schedule 0)
9 28,010
10 Net assets or fund balances at end of year Combine lines 3 through 9 (must equal Part X, line 33,
column (B)) 10 1,338,751
Financial Statements and Reporting
Check if Schedule 0 contains a response or note to any line in this Part XII (-
Yes No
1 Accounting method used to prepare the Form 990 fl Cash 17 Accrual (Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule 0
2a Were the organization's financial statements compiled or reviewed by an independent accountant? 2a Yes
If'Yes,'check a box below to indicate whether the financial statements for the year were compiled or reviewed on
a separate basis, consolidated basis, or both
F Separate basis fl Consolidated basis fl Both consolidated and separate basis
b Were the organization's financial statements audited by an independent accountant? 2b No
If'Yes,'check a box below to indicate whether the financial statements for the year were audited on a separate
basis, consolidated basis, or both
fl Separate basis fl Consolidated basis fl Both consolidated and separate basis
c If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the
audit, review, or compilation of its financial statements and selection of an independent accountant? 2c Yes
If the organization changed either its oversight process or selection process during the tax year, explain in
Schedule 0
3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the
Single Audit Act and OMB Circular A-133? . . . . . . . . . . . . . . . . 3a No
b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the 3b
required audit or audits, explain why in Schedule 0 and describe any steps taken to undergo such audits
Form 990 (2014)
Additional Data
Software ID:
Software Version:
EIN: 57 -0863116
Name : HOLLY TREE COUNTRY CLUB INC
Form 990 , Part III - Line 4c: Program Service Accomplishments ( See the Instructions)
(Code ) ( Expenses $ including grants of $ ) (Revenue $
HOLLY TREE
lefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493196021035
OMB No 1545-0047
SCHEDULE D Supplemental Financial Statements
(Form 990)
0- Complete if the organization answered " Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f , 12a, or 12b.
2014
Department of the Treasury 0- Attach to Form 990. • . -
Internal Revenue Service Information about Schedule D (Form 990) and its instructions is at www.irs.gov /form990 .
2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation
easement on the last day of the tax year
Held at the End of the 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 8/17/06, and not on a
historic structure listed in the National Register 2d
3 N umber of conservation easements modified, transferred , released, extinguished , or terminated by the organization during
the tax year 0-
b If "Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII . . . . . . . 1
MITIT-Endowment Funds . Com p lete If the or g anization answered "Yes" to Form 990, Part IV , line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
la 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
2 Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as
a Board designated or quasi-endowment 0-
b Permanent endowment 0-
c Leasehold improvements . .
d Equipment 3,734,630 3,281,150 453,480
e Other
Total . Add lines 1a through 1 e (Column (d) must equal Form 990, Part X, column (B), line 10(c).) . . 0- 3,210,203
Schedule D (Form 990) 2014
Schedule D (Form 990) 2014 Page 3
Investments - Other Securities . Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b.
See Form 990 , Part X line 12.
(a) Description of security or category (b)Book value (c) Method of valuation
(including name of security) Cost or end-of-year market value
(1 )Financial derivatives
(2)Closely-held equity interests
Other
Total . (Column ( b) must equa l Form 990, Part X, col (B) line 12 ) 11.
Investments - Program Related . Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c.
Caa Form QQ(1 Dart X lino 1 -^
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 F
Schedule D ( Form 990) 2014
Schedule D (Form 990) 2014 Page 4
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if
the or g anization answered 'Yes' to 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
« Reconciliation of Expenses per Audited Financial Statements With Expenses per Return . Complete
if the org anization answered 'Yes' to 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
UT1174M Su pp lemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9, Part III, lines la and 4, Part IV, lines lb and 2b,
Part V, line 4, Part X, line 2, Part XI, lines 2d and 4b, and Part XII, lines 2d and 4b Also complete this part to provide any additional
information
FORM 990, PAGE 1, PART I, VOLUNTEERS SERVE ON VARIOUS COMMITTEES TO HELP THE BOARD OF GOVERNORS MAKE DECISIONS
LINE 6 CONCERNING THE OPERATIONS OF THE CLUB
FORM 990, PAGE 6, PART VI, IN SEPTEMBER OF EACH YEAR, THE MEMBERS HOLD AN ANNUAL MEETING AND AN ELECTION OF
LINE 7A GOVERNORS
IS CONDUCTED EACH YEAR AT LEAST THREE (3) GOVERNORS ARE ELECTED ADDITIONAL GOVERNORS
AR
E ELECTED IN CASE OF UNFILLED VACANCIES ON THE BOARD
FORM 990, PAGE 6, PART VI, ALL MEMBER ASSESSMENTS MUST BE APPROVED BY A MINIMUM OF TWO-THIRDS (2/3) OF THE MEMBERS
LINE 7B ELIGIBLE TO VOTE
FORM 990, PART IX, LINE 24E SUPPLIES 80,029 0 0 TAXES & LICENSES 76,320 0 0 CONTRACT LABOR 37,040 0 0 GAS & OIL 27,626
0 0 BANK CHARGES 23,509 0 0 JANITORIAL 19,891 0 0 LINENS & UNIFORMS 18,708 0 0 EQUIPMENT
RENTAL 14,937 0 0 TELEPHONE 9,916 0 0 RANGE BALLS 9,616 0 0 DUES & SEMINARS 5,999 0 0 SOCI
AL EVENTS 5,798 0 0 MISCELLANEOUS 2,633 0 0
25Special depreciation allowance for qualified listed property placed in service during the tax year and used more than
50% in a qualified business use (see instructions) 25
26 Property used more than 50% in a qualified business use
38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners
39 Do you treat all use of vehicles by employees as personal use? . . . . . . . . . . . . . . . . . .
40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of
vehicles, and retain the information received? . . . . . . . . . . . . . . . . . . . . . . .
41 Do you meet the requirements concerning qualified automobile demonstration use? (See instructions ) . . . . .
Note : If your answer to 37, 38, 39, 40, or 41 is "Yes,"do not complete Section B for the covered vehicles.
Amortization
43 Amortization of costs that began before your 2014 tax year . . . . . . . . . . . . 43 1,500
44 Total . Add amounts in column (f) See the instructions for where to report . . . . . . . 44 1,500
Form 4562(2014)