RCSC 990 tax filings Someone needs to see these, I just don’t know who.

2019 is most recent, others are also listed.

If you were to ask the RCSC to let you see them, that would be a, “No!”

Here you go;
https://www.causeiq.com/organizations/recreation-centers-of-sun-city,860214132/

 

Fascinating reading eo and exactly why this information should be made readily available to the members. Are there ways to go back further than what is posted?

 

2015-2019 are posted for anyone to view.
With free subscription there’s access to seven more years.
https://www.causeiq.com/pricing/

Other levels of subscriptions with greater detail for organizations have charges.

I found reading the info for other organizations like RCSC an interesting comparison.

 

Also…

GuideStar
Recreation Centers of Sun City Inc
Excerpts (I don’t know year the report is from, didn’t see it listed. Still interesting info!)

Our programs
SOURCE: IRS Form 990
What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1
Recreation Centers - Providing activities such as swimming, creative arts, lawn bowling, shuffleboard, various forms of entertainment, and other miscellaneous activities.

Expenses
$12,000,057
Revenue
$23,158,201

Program 2
Golf Division - Provides residents of Sun City with eight golf courses, golf merchandise, and other miscellaneous items.

Expenses
$8,011,411
Revenue
$5,143,779

Program 3
Bowling Division - Provides residents of Sun City with two bowling alleys, merchandise, and other miscellaneous items.

Expenses
$813,784
Revenue
$672,416

https://www.guidestar.org/profile/86-0214132

 

Are you sure you weren't there yesterday after the planning session? If not, you must be physic. This is exactly what one of our guests said she was going to look for. Thanks for finding and I will let her know.

 

Isn't it interesting that the Articles of Incorporation say, "To promote cooperation in all matters of interest and benefit to the residents and/or homeowners of the area within the bounds set out in Article I, who become and remain Members of this Corporation."

Seems to me, if you have an "interest", then they should "cooperate" and comply with your request?....but of course, they just can't seem to find those documents!

 

Isn't this form supposed to be filed every year??

 

Why does it say "Most recent tax filing" was 2019....2 years ago? Should there be a more recent filing available?

 

The filing date for 2019 would have been in 2020. Then it’s reviewed by IRS. Not unusual for them to become record a year later.
However, it looks like RCSC must have gotten extensions several times, or other’issues” to resolve…
Fiscal year ending Date received by IRS Form PDF link
2019-12 2021-06-08 990O View PDF
2018-12 2019-10-28 990 View PDF
2017-12 2019-02-21 990 View PDF
2016-12 2017-09-18 990O View PDF
2015-12 2017-02-21 990O View PDF

 

Hey eye'sopen, here's an interesting aspect of these forms; they are signed and submitted by the board president. Contained in Part 3 of each form is the amount of money spent on golf and the amount of revenue taken in. At that point, one has to ask, did they even bother to read what they were signing? Because if they did, they would know exactly how much they were losing each year. To be even more blunt, that is exactly how much we were subsiding the cost for a round of golf.

Just so we are clear. an excuse of, " i didn't know how much we were losing," isn't a valid argument under the fiduciary obligations of the board. It may well be legitimate the board members didn't know, but case law would argue, they should know. This makes it even worse for the board president because every year he/she signed this document, they should have at the very least of it looked at it and seen how much money we were shoveling at golf.

The one caveat is this; do we know where they are inserting PIF expenditures in these forms? Obviously it isn't in section 3 because they would be far higher than what they are reporting.

 

Okay, so most of this is way above my pay grade and that's why I don't do my own taxes but...if I'm reading what your saying regarding the 2019 990, the cost to run golf was $8,011,411 million dollars but they only took in $5,143,779 million dollars???? That's a $2,867,632 million dollar deficit.

And to make matters worse, it's my understanding that the cost of maintaining those golf facilities (i.e. buildings) aren't even included in the mix. Those buildings are covered under the umbrella of the recreation center buildings, which makes the deficit even larger? Do I have that right?

 

Not quite FYI. The RCSC has spent boatloads of money on golf, which doesn’t appear to be included anywhere on Form 3 from PIF. It appears what you re looking at there is the actual yearly expenses associated with running our golf courses. Last year i had requested that information and they gave me less than half what i had asked for. Eyesopen digging up these 990’s has eliminated the need to request anything. Unless the RCSC is telling the US government a lie, what you are seeing is exactly what I have been trying tell you all along. They (the RCSC) has been heavily subsidizing golf for years.

 

RCSC allocates plenty of money for golf and extravagant rec center remodels while other needs are ignored for budgetary reasons! Now the walls are tumbling down!!

RCSC playing catch-up with tech in Sun City Embarking on 3-year plan
The corporation is woefully behind in terms of information technology to the point of facing a possible major system crash, according to RCSC IT Randy Byrd, who said he believes RCSC officials must address these myriad issues as soon as possible.

Byrd’s plan calls for spending about $500,000 in 2022 to address the most pressing issues. These include server, storage and hosts. The remainder of the total would be spent in 2023 and 2024. Funds were not budgeted for 2022 for IT, so this year’s work will be paid from the cash carryover RCSC has each year, according to Bill Cook. …“The frugality we’ve practiced through the years puts us in a position to have an excess,” Cook said.
https://www.yourvalley.net/stories/rcsc-playing-catch-up-with-tech-in-sun-city,284516?cb=1643985133

From Sun City Advocate blog post recap of RCSC Long Range committee meeting
“Steve (LRPC member) brought up his opinion that our fitness equipment is 15 years out of date. There was discussion about getting some new cardiology equipment. Bill Cook SHOT DOWN the idea. Cmte. pushed back. It will go to the Board as a motion. Once chastised, Bill confirmed there would be exploratory work done, but cautioned it "will cost thousands of dollars."
Wednesday, February 23, 2022
https://suncityadvocates.blogspot.com/2022/02/our-notes-and-observations-from-long.html

 

Oh no, "not thousands of dollars." Are you freaking kidding me? The balance in the cash accounts from the report the other day was 18.3 million dollars. That does not include the 5.5 million in the capital reserve account or the nearly 28 million dollars in the PIF. I am stunned he would bemoan spending "thousands" of dollars on equipment to update our facilities. This is how and why we fell behind other age restricted communities. Somewhere along the line management and the board decided saving money was why they were created. With one exception; golf.

I will explore that in another thread, it is staggering.

 

RCSC 990s available starting from 2004!!

https://projects.propublica.org/nonprofits/organizations/860214132

 

Thanks for the updated versions eyesopen. I quickly went through them and found the forms changed in calendar year 2007. They only requested the revenue side and not the expense portion. It was in 2008 when they started reporting both, expenses versus revenue. I am not going to post the data, if you think my numbers are wrong, feel free to click on the individual year and visit Section 3, the numbers are there. Taking the missing years, 2008-2014, there is an additional total of 12 million dollars over and above the revenue monies listed. I've said all along based on my best guess it was between 20- 30 million dollars spent from the general ledger (yearly expenditures) used to subsidize golf. Now we know, the totals for the entirety of the departed gm's tenure was more than 25 million dollars.

And to be perfectly clear, this isn't about golf being good or bad in Sun City. It clearly is an amenity that sells homes and draws buyers. This is about an agreement reached when the courses were purchased by the RCSC in 1975 (during an 18 month trial period) and the ultimate point of purchase in the summer of 1977. The deal was done on the basis of golf being revenue neutral.

I would. could and have argued golf should be subsidized. I would argue even louder that the decision to subsidize it belonged in front of the board and general membership. 25 million dollars would have bought us one hell of a performing arts theater, state of the art technology and ownership of the Lakes Club. Those choices should have been brought before the membership. It is what happens when control is centered in the hands of a few, rather than the voices of the many.

 

Bill, you are a darn good guesstimater!

 

Sometimes it's a curse to pay that close attention to what is going on around you. In this case, Sun City, its history and now its movement away from the kind of community it was those first 45 years caused me to watch, read and follow it more closely than others. Here's the problem for me, do people just not know, or just not care?

 

My opinion: the past is gone and can't be changed. I'm only looking at present/future:
1. Should golf be self-sustaining? We all fund 100's of activities and materials we have no interest in ever using. That's the point of community.
2. What is a reasonable amount to fund? Compare to expensive things like pools, machinery and specialized equipment in shops/clubs. I believe golf courses more positively effect my home value than a clay furnace or automobile lift. But I don't have number answers.