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LAUDERDALE YACHT CLUB INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LAUDERDALE YACHT CLUB INC (EIN 59-0326329)
Tax period
2021-05-01 to 2022-04-30
Filed
2023-03-13
IRS object ID
202330729349300423
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-03-13T15:54:04-05:00ReturnTs
Tax Period End2022-04-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11555 PALM BEACH LAKES BLVD SUITEAddressLine1Txt
Address Line2700AddressLine2Txt
CityWEST PALM BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33401ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN590326329EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAUDERDALE YACHT CLUB INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUDBusinessNameControlTxt
Phone9545245500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11725 SE 12TH STAddressLine1Txt
CityFORT LAUDERDALECityNm
State AbbreviationFLStateAbbreviationCd
ZIP333161437ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonW GREY MARKERPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9545245500PhoneNum
Signature2023-02-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWPersonFirstNm
Person LastGREY MARKERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER CECILPreparerPersonNm
PTINP01877773PTIN
Phone5616971785PhoneNum
Preparation2023-02-23PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWIL H SHRINERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11725 SE 12TH STAddressLine1Txt
CityFORT LAUDERDALECityNm
State AbbreviationFLStateAbbreviationCd
ZIP333161437ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$12,531,568GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressLYC1938.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1938FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee291TotalEmployeeCnt
Total Volunteers75TotalVolunteersCnt
Total Gross UBI$813,051TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$5,081,926PYProgramServiceRevenueAmt
CY Program Service Revenue$6,309,232CYProgramServiceRevenueAmt
PY Investment Income-$16,702PYInvestmentIncomeAmt
CY Investment Income$6CYInvestmentIncomeAmt
PY Other Revenue$2,116,436PYOtherRevenueAmt
CY Other Revenue$3,694,777CYOtherRevenueAmt
PY Total Revenue$7,181,660PYTotalRevenueAmt
CY Total Revenue$10,004,015CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,859,297PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,086,032CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,565,204PYOtherExpensesAmt
CY Other Expenses$6,265,461CYOtherExpensesAmt
PY Total Expenses$9,424,501PYTotalExpensesAmt
CY Total Expenses$12,351,493CYTotalExpensesAmt
PY Revenues Less Expenses-$2,242,841PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,347,478CYRevenuesLessExpensesAmt
Total Assets BOY$34,849,481TotalAssetsBOYAmt
Total Assets EOY$35,808,953TotalAssetsEOYAmt
Total Liabilities BOY$20,262,052TotalLiabilitiesBOYAmt
Total Liabilities EOY$20,433,570TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$14,587,429NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,375,383NetAssetsOrFundBalancesEOYAmt
MissionLAUDERDALE YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE CLUB PROVIDES RESTAURANT, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document71IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee291EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$1,133,393GrossReceiptsForPublicUseAmt
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCOTT T BARTER CFOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9545252842PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11725 SOUTHEAST 12TH STREETAddressLine1Txt
CityFORT LAUDERDALECityNm
State AbbreviationFLStateAbbreviationCd
ZIP33316ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
STEPHANIE J TOOTHAKER ESQ
COMMODORE5.00Yes (X)Yes (X)$0$0$0
WIL H SHRINER
VICE COMMODORE1.00Yes (X)Yes (X)$0$0$0
THOMAS T COON JR ESQ
REAR COMMODORE1.00Yes (X)Yes (X)$0$0$0
W GREY MARKER
TREASURER3.00Yes (X)Yes (X)$0$0$0
SUSAN PENROD
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DANIEL D MCCAWLEY
LEGAL OFFICER1.00Yes (X)$0$0$0
KACEY M RODER
FLEET CAPTAIN1.00Yes (X)$0$0$0
MICHAEL J RUDDY
FLEET SURGEON1.00Yes (X)$0$0$0
MICHAEL BONDURANT
FLEET HISTORIAN1.00Yes (X)$0$0$0
KENT FOX
GOVERNOR1.00Yes (X)$0$0$0
JAMES MAUS
GOVERNOR1.00Yes (X)$0$0$0
TED MORLEY
GOVERNOR1.00Yes (X)$0$0$0
MICHAEL CRISSY
GOVERNOR1.00Yes (X)$0$0$0
KARL J HILL
GOVERNOR1.00Yes (X)$0$0$0
MARTY MCGROGAN
GOVERNOR1.00Yes (X)$0$0$0
RON MCTIGHE
GOVERNOR1.00Yes (X)$0$0$0
RICK BURGESS
GOVERNOR1.00Yes (X)$0$0$0
EDWARD T YEVOLI
GOVERNOR1.00Yes (X)$0$0$0
SCOTT ANDERSON
GOVERNOR1.00Yes (X)$0$0$0
GEX F RICHARDSON
GOVERNOR1.00Yes (X)$0$0$0
S SCOTT STAMPER
GOVERNOR1.00Yes (X)$0$0$0
NADINE D ROCKWELL
GENERAL MANAGER (THROUGH 10/21)55.00Yes (X)$244,329$0$13,439
PETER MCFADEN
GENERAL MANAGER (AS OF 10/21)55.00Yes (X)$115,744$0$4,116
LAUREN GADD
DIRECTOR OF FINANCE55.00Yes (X)$92,113$0$4,450
SCOTT BARTER
CHIEF FINANCIAL OFFICER55.00Yes (X)$52,431$0$202
SCOTT PUKYS
DIRECTOR OF TENNIS50.00$219,294$0$11,803Yes (X)
JASON VALERIO
EXECUTIVE CHEF50.00$121,970$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$845,881TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$34,010TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SMART COMPUTING SOLUTIONS INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 FORBES STREET SUITE 101AddressLine1Txt
CityANNAPOLISCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21401ZIPCd
FieldValueIRS element (for citing)
ServicesIT CONSULTINGServicesDesc
Compensation$166,451CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
DUES & ASSESSMENTS713910$4,327,997$4,327,997
YACHTING713910$914,054$591,931$322,123
DOCKS AND HARBOR713910$475,871$455,303$20,568
TENNIS713910$292,772$264,752$28,020
YOUTH ACTIVITIES713910$140,080$140,080

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$158,458TotalRevenueColumnAmt
Related Or Exempt Func Income$158,458RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$6,309,232TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6TotalRevenueColumnAmt
Unrelated Business Revenue$6UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$6,092,381GrossSalesOfInventoryAmt
Cost Of Goods Sold$2,527,553CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,564,828TotalRevenueColumnAmt
Related Or Exempt Func Income$3,122,494RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$442,334UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER FINANCING713910$106,992$106,992
GENERAL FACILITY FEE713910$14,322$14,322
MISCELLANEOUS713910$8,635$8,635
FieldValueIRS element (for citing)
Other Revenue Total$129,949OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,004,015TotalRevenueColumnAmt
Related Or Exempt Func Income$9,190,964RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$813,051UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,174,381TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$911,651TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$23,043TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$749,250TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$764,267TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,549,039TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$501,588TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
REPAIRS & ADMIN.$697,635
FOOD AND BEVERAGE$640,269
ENTERTAINMENT COMMITTEE$450,552
YACHTING COMMITTEE$402,849

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$486,969TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,351,493TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$870,713BOYAmt
EOY$634,285EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$719,041BOYAmt
EOY$1,034,459EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,224,474BOYAmt
EOY$1,677,144EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$237,974BOYAmt
EOY$345,551EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$353,292BOYAmt
EOY$399,078EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$39,867,622LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,153,820LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$31,440,417BOYAmt
EOY$31,713,802EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,570BOYAmt
EOY$4,634EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$34,849,481BOYAmt
EOY$35,808,953EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,919,401BOYAmt
EOY$1,940,454EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$699,925BOYAmt
EOY$721,097EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$17,642,726BOYAmt
EOY$17,772,019EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$20,262,052BOYAmt
EOY$20,433,570EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,587,429BOYAmt
EOY$15,375,383EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$14,587,429BOYAmt
EOY$15,375,383EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$34,849,481BOYAmt
EOY$35,808,953EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$2,347,478ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$3,135,432OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,162,239OtherCostOrOtherBasisAmt
Book Value$3,162,239BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,512,398OtherCostOrOtherBasisAmt
Depreciation$6,333,811DepreciationAmt
Book Value$22,178,587BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,595,577OtherCostOrOtherBasisAmt
Depreciation$1,020,872DepreciationAmt
Book Value$3,574,705BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,597,408OtherCostOrOtherBasisAmt
Depreciation$799,137DepreciationAmt
Book Value$2,798,271BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$31,713,802TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,531,568TotalRevEtcAuditedFinclStmtAmt
Other Revenue$2,527,553OtherRevenueAmt
Revenue Not Reported$2,527,553RevenueNotReportedAmt
Revenue Subtotal$10,004,015RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$10,004,015TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,879,046TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,527,553OtherExpensesIncludedAmt
Expenses Not Reported$2,527,553ExpensesNotReportedAmt
Expenses Subtotal$12,351,493ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$12,351,493TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 2,527,553.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 2,527,553.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
NADINE D ROCKWELL
GENERAL MANAGER (THROUGH 10/21)$200,133$0$30,592$0$13,604$0$3,909$0$9,530$0$257,768$0$0$0
SCOTT PUKYS
DIRECTOR OF TENNIS$16,412$0$183,382$0$19,500$0$7,845$0$3,958$0$231,097$0$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonCLYDE WRIGHT IIPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionFORMER COMMODORE (2003 TERM)RelationshipDescriptionTxt
Transaction$524,934TransactionAmt
TransactionTHE FORMER OFFICER RECEIVED COMMISSIONS FOR SOURCING THE CLUB'S PROPERTY AND LIABILITY INSURANCE POLICY WITH BROWN AND BROWN INSURANCE IN AN ARMS LENGTH TRANSACTION.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 41) ON 4/13/22 THE MEMBERSHIP APPROVED A SPECIAL MONTHLY OPERATING ASSESSMENT TO FUND THE THREE MONTH BRIDGE BEFORE THE NEW DUES BEGIN ON 08/21/22. THE ASSESSMENT IS $140 PER REGULAR MEMBER, PER MONTH FOR THREE MONTHS BEGINNING MAY 1, 2022 AND ENDING JULY 2022. THE AMOUNT WILL BE ADJUSTED BY MEMBERSHIP CATEGORY. 2) ON 4/13/22 THE MEMBERSHIP APPROVED AN AMENDMENT TO SECTION III OF THE CODE OF REGULATIONS TO INCREASE THE AMOUNT OF ANNUAL DUES FROM $3,272.50 TO $5,200 EFFECTIVE AUGUST 1, 2022.
FORM 990, PART VI, SECTION A, LINE 6THE 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 7ATHE 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 7BNEW 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 11BTHE 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 15THE 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 18THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE CLUB MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON INSPECTION AT THE CLUB, ON ITS WEBSITE, AND COPIES UPON REQUEST.
FORM 990, PART XI, LINE 9:INITIATION FEES 1,608,391. ANNUAL CAPITAL ASSESSMENTS 99,509. CLUBHOUSE RENOVATION ASSESSMENT 1,427,532.
FORM 990, PART XII, LINE 2CNO CHANGE FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LAUDERDALE YACHT CLUB SAILING FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN271035675EIN
Primary ActivitiesYOUTH SAILING EDUCATION IN SOUTH FLORIDAPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Exempt Code Section501(C)3ExemptCodeSectionTxt
Public Charity StatusLINE 11PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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