2024-02-29T13:19:06-06:00 2023-04-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2022-05-01 590326329 LAUDERDALE YACHT CLUB INC LAUD 9545245500 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 JOHN SWADENER TREASURER 9545245500 2024-02-20 1 JOHN SWADENER 999009999 0 CHRISTOPHER CECIL P01877773 5616971785 2024-02-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS T COON JR 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 13279011 0 X LYC1938.ORG X 1938 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 296 75 1194031 7416 0 0 6309232 7211275 6 7361 3694777 3389221 10004015 10607857 0 0 0 0 6086032 6830493 0 0 0 6265461 6230488 12351493 13060981 -2347478 -2453124 35808953 35930007 20433570 20038996 15375383 15891011 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 59 0 1 296 1 1 1 0 0 0 1 1 0 1724307 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 WIL H SHRINER COMMODORE 5.00 X X 0 0 0 THOMAS T COON JR ESQ VICE COMMODORE 1.00 X X 0 0 0 JAMES MAUS REAR COMMODORE 1.00 X X 0 0 0 W GREY MARKER TREASURER 3.00 X X 0 0 0 JOHN SWADENER SECRETARY 1.00 X X 0 0 0 CHARLES CAULKINS ESQ LEGAL OFFICER 1.00 X 0 0 0 KACEY M RODER FLEET CAPTAIN 1.00 X 0 0 0 ALBERTO CASARETTO FLEET SURGEON 1.00 X 0 0 0 CHRISTOPHER LEONARD 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 MICHAEL CRISSY GOVERNOR 1.00 X 0 0 0 KARL J HILL GOVERNOR 1.00 X 0 0 0 MARTY MCGROGAN 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 PETER MCFADEN GENERAL MANAGER 55.00 X 198991 0 9719 SCOTT BARTER CHIEF FINANCIAL OFFICER 55.00 X 169206 0 4250 SCOTT PUKYS DIRECTOR OF TENNIS 50.00 X 211442 0 14105 JASON VALERIO EXECUTIVE CHEF 50.00 X 159611 0 4221 JOHN CASEY SAILING DIRECTOR 50.00 X 126823 0 4877 DAWN DIERKES DIRECTOR OF HUMAN RESOURCES 50.00 X 100395 0 7064 966468 0 44236 6 0 1 0 0 DUES & ASSESSMENTS 713910 4606186 4606186 YACHTING 713910 1035732 647611 388121 DOCKS AND HARBOR 713910 760107 741296 18811 TENNIS 713910 311432 273413 38019 OTHER FOOD AND BEVERAGE 713910 181536 181536 316282 316282 7211275 24014 24014 105250 99397 5853 5853 5853 2000 18653 -16653 -16653 -16653 5798826 2553104 3245722 2526509 719213 MEMBER FINANCING 713910 131915 131915 MISCELLANEOUS 713910 3098 3098 GENERAL FACILITY FEE 713910 2633 2633 137646 10607857 9430479 1194031 -16653 5859448 971045 5233 876106 740291 1696948 606377 REPAIRS & ADMIN. 629295 YACHTING COMMITTEE 512845 ENTERTAINMENT COMMITTEE 448338 FOOD AND BEVERAGE 239108 475947 13060981 634285 490281 1034459 401216 1677144 1159659 345551 329397 399078 240056 40309464 9772483 31713802 30536981 2725593 4634 46824 35808953 35930007 1940454 1044057 721097 1173129 17772019 17778669 0 43141 20433570 20038996 X 15375383 15891011 15375383 15891011 35808953 35930007 X -2453124 2968752 X X 0 1 X 1 0 3162239 3162239 28593270 7522157 21071113 4789355 1259956 3529399 3764600 990370 2774230 30536981 U.S. TREASURY BILLS 2725593 F 2725593 OPERATING LEASE LIABILITY 43141 43141 X 13260358 2652501 2652501 10607857 0 10607857 15713482 2652501 2652501 13060981 0 13060981 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 2,553,104. RENTAL EXPENSES 99,397. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,553,104. RENTAL EXPENSES 99,397. 1 X X X X 0 0 0 SCOTT PUKYS DIRECTOR OF TENNIS 12299 0 176042 0 23101 0 8694 0 5411 0 225547 0 0 0 PETER MCFADEN GENERAL MANAGER 159091 0 20500 0 19400 0 6600 0 3119 0 208710 0 0 0 SCOTT BARTER CHIEF FINANCIAL OFFICER 122506 0 19700 0 27000 0 1440 0 2810 0 173456 0 0 0 JASON VALERIO EXECUTIVE CHEF 136029 0 17250 0 6332 0 4221 0 0 0 163832 0 0 0 CLYDE WRIGHT II FORMER COMMODORE (2003 TERM) 616374 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 4/18/23 THE MEMBERSHIP APPROVED AN AMENDMENT TO SECTION III OF THE CODE OF REGULATIONS TO INCREASE THE AMOUNT OF ANNUAL DUES FROM $5,200 TO $5,800 EFFECTIVE AUGUST 1, 2023. 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 1,352,442. ANNUAL CAPITAL ASSESSMENTS 105,787. CLUBHOUSE RENOVATION ASSESSMENT 1,510,523. 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