2025-02-28T16:58:34-06:00 2024-04-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-05-01 590326329 LAUDERDALE YACHT CLUB INC LAUD 9545245500 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 JOHN SWADENER TREASURER 9545245500 2025-02-24 1 0 CHRISTOPHER CECIL P01877773 5616971785 2025-02-24 2023 2025-03-06 01:10:19Z THOMAS T COON JR 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 14474182 0 X LYC1938.ORG X 1938 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 265 75 1419439 166858 0 0 7211275 7920701 7361 164845 3389221 3703357 10607857 11788903 0 0 0 0 6830493 7442097 0 0 0 6230488 6670936 13060981 14113033 -2453124 -2324130 35930007 35601868 20038996 19378961 15891011 16222907 LAUDERDALE YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES RESTAURANT, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 56 0 1 265 1 1 1 0 0 0 1 1 0 1742105 0 0 0 X 15 15 0 0 1 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 X SCOTT T BARTER CFO 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 33316 THOMAS T COON JR ESQ COMMODORE 5.00 X X 0 0 0 JAMES MAUS VICE COMMODORE 1.00 X X 0 0 0 ELIZABETH WOLTZ SECRETARY 1.00 X X 0 0 0 JOHN SWADENER TREASURER 3.00 X X 0 0 0 KARL J HILL REAR COMMODORE 1.00 X X 0 0 0 CHARLES CAULKINS ESQ LEGAL OFFICER 1.00 X 0 0 0 DENNIS ST ROMAIN FLEET CAPTAIN 1.00 X 0 0 0 EROL YOLDAS FLEET SURGEON 1.00 X 0 0 0 JEREMY P HAYES FLEET HISTORIAN 1.00 X 0 0 0 JORGE AGNESE GOVERNOR 1.00 X 0 0 0 ANGELO GOLEMI GOVERNOR 1.00 X 0 0 0 MICHAEL MCGINN GOVERNOR 1.00 X 0 0 0 JASON HUEY GOVERNOR 1.00 X 0 0 0 KACEY MEAGHER RODER GOVERNOR 1.00 X 0 0 0 RON MCTIGHE GOVERNOR 1.00 X 0 0 0 RICK BURGESS GOVERNOR 1.00 X 0 0 0 EDWARD T YEVOLI GOVERNOR 1.00 X 0 0 0 SCOTT ANDERSON GOVERNOR 1.00 X 0 0 0 GEX F RICHARDSON GOVERNOR 1.00 X 0 0 0 S SCOTT STAMPER GOVERNOR 1.00 X 0 0 0 DREW SAITO GOVERNOR 1.00 X 0 0 0 PETER MCFADEN GENERAL MANAGER 50.00 X 217693 0 12039 SCOTT BARTER CHIEF FINANCIAL OFFICER 50.00 X 183900 0 13405 SCOTT PUKYS DIRECTOR OF TENNIS 45.00 X 202181 0 25572 JASON VALERIO EXECUTIVE CHEF 45.00 X 167601 0 6612 JOHN CASEY SAILING DIRECTOR 45.00 X 137141 0 4096 DAWN DIERKES DIRECTOR OF HUMAN RESOURCE 50.00 X 115387 0 10294 JOSE VEGA FOOD & BEVERAGE DIRECTOR 45.00 X 109502 0 20540 1133405 0 92558 7 0 1 0 SMART COMPUTING SOLUTIONS INC 111 FORBES STREET SUITE 101 ANNAPOLIS MD 21401 IT CONSULTING 122026 1 DUES & ASSESSMENTS 713910 5028888 5028888 YACHTING 713910 1056953 608625 448328 DOCKS AND HARBOR 713910 776140 739451 36689 TENNIS 713910 391631 352278 39353 OTHER FOOD AND BEVERAGE 713910 272186 272186 394903 394903 7920701 169338 169338 108000 85883 22117 22117 22117 4100 8593 -4493 -4493 -4493 6140526 2590803 3549723 2846109 703614 MEMBER FINANCING 713910 123501 123501 MISCELLANEOUS 713910 8016 8016 131517 11788903 10373957 1419439 -4493 6406695 1035402 6785 997369 707581 1815973 758404 REPAIRS & ADMIN. 706251 ENTERTAINMENT COMMITTEE 548127 YACHTING COMMITTEE 438274 FOOD AND BEVERAGE 203944 488228 14113033 490281 480729 401216 889538 1159659 1464893 329397 358498 240056 160438 41515292 11574216 30536981 29941076 2725593 2239228 46824 67468 35930007 35601868 1044057 1116197 1173129 1329983 17778669 16902302 43141 30479 20038996 19378961 X 15891011 16222907 15891011 16222907 35930007 35601868 X -2324130 28933 2627093 X X 0 1 X 1 0 3162239 3162239 28619394 8636785 19982609 5568652 1680512 3888140 4165007 1256919 2908088 29941076 U.S. TREASURY BILLS 2239228 F 2239228 OPERATING LEASE LIABILITY 30479 30479 X 14494522 28933 2676686 2705619 11788903 0 11788903 16789719 2676686 2676686 14113033 0 14113033 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,590,803. RENTAL EXPENSES 85,883. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,590,803. RENTAL EXPENSES 85,883. 1 X X X X 0 0 0 PETER MCFADEN GENERAL MANAGER 190163 0 21530 0 6000 0 6889 0 5150 0 229732 0 0 0 SCOTT PUKYS DIRECTOR OF TENNIS 40891 0 0 0 161290 0 8357 0 17215 0 227753 0 0 0 SCOTT BARTER CHIEF FINANCIAL OFFICER 160500 0 23400 0 0 0 7162 0 6243 0 197305 0 0 0 JASON VALERIO EXECUTIVE CHEF 148599 0 19002 0 0 0 6528 0 84 0 174213 0 0 0 CLYDE WRIGHT II FORMER COMMODORE (2003 TERM) 552077 THE FORMER OFFICER RECEIVED COMMISSIONS FOR SOURCING THE CLUB'S PROPERTY AND LIABILITY INSURANCE POLICY WITH BROWN AND BROWN INSURANCE IN AN ARMS LENGTH TRANSACTION. 0 FORM 990, PART VI, SECTION A, LINE 4 1) ON NOVEMBER 9, 2023 ARTICLE 1, SECTION B OF THE CLUB BY-LAWS WERE AMENDED TO CHANGE THE SPONSOR REQUIREMENTS. THE SPONSORING MEMBERS ARE NOW REQUIRED TO HAVE PERSONALLY KNOWN THE PROPOSED MEMBER FOR A MINIMUM OF TWO YEARS AND THE RECOMMENDING MEMBERS MUST HAVE KNOWN THE PROPOSED MEMBER FOR A MINIMUM OF ONE YEAR. 2) ON APRIL 10, 2024, THE CLUB BY-LAWS SECTION II WERE AMENDED TO CHANGE THE INITIATION FEE TO $50,000 EFFECTIVE FOR ALL SPONSORSHIP FORMS RECEIVED AFTER APRIL 10, 2024. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES CAN PARTICIPATE IN THE ELECTION OF OFFICERS AND GOVERNORS: REGULAR, SENIOR, AND JUNIOR MEMBERS AGE 29 AND UP WHO HAVE BEEN MEMBERS FOR AT LEAST ONE YEAR. FORM 990, PART VI, SECTION A, LINE 7B NEW CAPITAL ASSESSMENTS, DUES INCREASES, OPERATING ASSESSMENTS OVER 5% OF THE DUES RATE, AND SERVICE CHARGE INCREASES ARE ALL SUBJECT TO APPROVAL BY REGULAR AND SENIOR MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE THAT IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD HAS DELEGATED REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CHIEF FINANCIAL OFFICER AND TREASURER. THE CFO REVIEWS FORM 990, WHILE THE TREASURER PERFORMS CURSORY REVIEW AND SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD MEETS ANNUALLY TO DETERMINE THE COMPENSATION FOR THE GENERAL MANAGER/COO. ALL THE OTHER POSITION'S COMPENSATION ARE APPROVED BY THE GENERAL MANAGER/COO. COMPENSATION STUDIES, INDUSTRY STUDIES, AND EMPLOYMENT CONTRACT AGREEMENTS ARE USED IN THE DETERMINATION AND DOCUMENTATION OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 ON ANOTHER WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON INSPECTION AT THE CLUB AND THE FINANCIAL STATEMENTS AVAILABLE ON A THIRD PARTY WEBSITE. FORM 990, PART XI, LINE 9: INITIATION FEES 977,651. ANNUAL CAPITAL ASSESSMENTS 107,969. CLUBHOUSE RENOVATION ASSESSMENT 1,541,473. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. LAUDERDALE YACHT CLUB SAILING FOUNDATION INC 271035675 YOUTH SAILING EDUCATION IN SOUTH FLORIDA FL 501(C)3 LINE 11 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0