SARASOTA YACHT CLUB: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SARASOTA YACHT CLUB (EIN 59-0436199)
Tax period
2021-10-01 to 2022-09-30
Filed
2023-08-14
IRS object ID
202302269349300790
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)
Return2023-08-14T13:18:09-05:00ReturnTs
Tax Period End2022-09-30TaxPeriodEndDt

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 SUITE 500AddressLine1Txt
CityWEST PALM BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33401ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN590436199EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SARASOTA YACHT CLUBBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSARABusinessNameControlTxt
Phone9419529451PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 JOHN RINGLING BOULEVARDAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNICHOLAN MARTINPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9413654191PhoneNum
Signature2023-08-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNICHOLANPersonFirstNm
Person LastMARTINPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER CECILPreparerPersonNm
PTINP01877773PTIN
Phone5616971785PhoneNum
Preparation2023-08-08PreparationDt

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 OfficerTIM CLARKEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 JOHN RINGLING BOULEVARDAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,654,854GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.SARASOTAYACHTCLUB.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1926FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionRECREATIONAL ACTIVITIESActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee106TotalEmployeeCnt
Total Volunteers95TotalVolunteersCnt
Total Gross UBI$722,292TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$5,245NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$291,475CYContributionsGrantsAmt
PY Program Service Revenue$4,025,959PYProgramServiceRevenueAmt
CY Program Service Revenue$4,602,925CYProgramServiceRevenueAmt
PY Investment Income-$115,275PYInvestmentIncomeAmt
CY Investment Income-$36CYInvestmentIncomeAmt
PY Other Revenue$1,767,516PYOtherRevenueAmt
CY Other Revenue$2,684,818CYOtherRevenueAmt
PY Total Revenue$5,678,200PYTotalRevenueAmt
CY Total Revenue$7,579,182CYTotalRevenueAmt
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$3,646,775PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,314,368CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,546,083PYOtherExpensesAmt
CY Other Expenses$3,719,562CYOtherExpensesAmt
PY Total Expenses$7,192,858PYTotalExpensesAmt
CY Total Expenses$8,033,930CYTotalExpensesAmt
PY Revenues Less Expenses-$1,514,658PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$454,748CYRevenuesLessExpensesAmt
Total Assets BOY$17,463,114TotalAssetsBOYAmt
Total Assets EOY$19,794,710TotalAssetsEOYAmt
Total Liabilities BOY$11,189,718TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,672,527TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,273,396NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,122,183NetAssetsOrFundBalancesEOYAmt
MissionTHE WORLD-CLASS, AWARD WINNING SARASOTA YACHT CLUB IS HOME TO A DIVERSE MEMBERSHIP AND PROFESSIONAL STAFF WHO INSPIRE LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN OUR CULTURALLY-RICH WATERFRONT CITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescSYC BRAND STATEMENTTO PEOPLE WHO ENJOY BEING ON OR AROUND THE WATER AND CONNECTING WITH FRIENDS THAT HAVE SIMILAR INTEREST, SARASOTA YACHT CLUB IS THE PREMIER WORLD-CLASS YACHT CLUB THAT DELIVERS THE YACHTING LIFESTYLE EXPERIENCE INSPIRING LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN ANUPSCALE, WATERFRONT LOCATION WITH AWARD WINNING DINING, A CLEAN, FULL-SERVICE MARINA, AND ENGAGING ACTIVITIES IN A FAMILY-FRIENDLY WELCOMING ENVIRONMENT. IN OUR CULTURALLY RICH CITY, ONLY SYC HAS A UNIQUE WATERFRONT LOCATION, DIVERSE ACTIVE MEMBERS, AND PROFESSIONAL STAFF.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 Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document14IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee106EmployeeCnt
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 Contributions0NondeductibleContributionsInd
Initiation Fees And Cap Contri$338,964InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$1,293,283GrossReceiptsForPublicUseAmt
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 Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
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 BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JENNIFER HECHEVERRIABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9413654191PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 JOHN RINGLING BOULEVARDAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
BRIAN WILL
COMMODORE1.00Yes (X)Yes (X)$0$0$0
TIM CLARKE
VICE COMMODORE1.00Yes (X)Yes (X)$0$0$0
HARRY ANAND
REAR COMMODORE1.00Yes (X)Yes (X)$0$0$0
NICHI MARTIN
TREASURER1.00Yes (X)Yes (X)$0$0$0
ROBERT MILLIGAN
SECRETARY1.00Yes (X)Yes (X)$0$0$0
JANE THOMPSON
DIRECTOR1.00Yes (X)$0$0$0
LAURIE BIRNBACH
DIRECTOR1.00Yes (X)$0$0$0
GROVER TRASK
DIRECTOR1.00Yes (X)$0$0$0
GERARD EZCURRA
DIRECTOR1.00Yes (X)$0$0$0
PAUL GILROY
DIRECTOR1.00Yes (X)$0$0$0
RODGER BYRNE
DIRECTOR1.00Yes (X)$0$0$0
KAREN HARMON
GM/COO40.00Yes (X)$363,624$0$22,058
JENNIFER HECHEVERRIA
CHIEF FINANCIAL OFFICER40.00Yes (X)$186,080$0$14,956
STEPHANIA FELTZ
MEMBERSHIP DIRECTOR40.00$160,008$0$13,913Yes (X)
MAX MIRANDA
FOOD & BEVERAGE DIRECTOR40.00$183,684$0$14,860Yes (X)
RICHARD FARELLA
FACILITIES DIRECTOR40.00$121,617$0$12,378Yes (X)
NERMIN GEBRAIL
HR DIRECTOR40.00$119,863$0$12,308Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,134,876TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$90,473TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$291,475GovernmentGrantsAmt
Total Contributions$291,475TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES713910$3,452,035$3,452,035
SLIPS713910$769,592$769,592
MARINA INCOME713910$234,206$234,206
MINIMUM INCOME AND ROOM RENTAL713910$147,092$147,092
FieldValueIRS element (for citing)
Total Program Service Revenue$4,602,925TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,988TotalRevenueColumnAmt
Unrelated Business Revenue$12,988UnrelatedBusinessRevenueAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$13,024OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$13,024OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$13,024TotalRevenueColumnAmt
Exclusion-$13,024ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$4,376,303GrossSalesOfInventoryAmt
Cost Of Goods Sold$2,062,648CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,313,655TotalRevenueColumnAmt
Related Or Exempt Func Income$1,604,351RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$709,304UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
WAITLIST INITIATION FEES713910$338,964$338,964
FINANCE AND ADMINISTRATIVE CHARGE713910$32,199$32,199
FieldValueIRS element (for citing)
Other Revenue Total$371,163OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,579,182TotalRevenueColumnAmt
Related Or Exempt Func Income$6,578,439RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$722,292UnrelatedBusinessRevenueAmt
Exclusion-$13,024ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,100,529TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,213,839TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$291,954TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$931,230TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$99,387TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
MARINA OPERATIONS$788,166
ADMINISTRATIVE & GENERA$637,166
FOOD & BEVERAGE$411,508
PROPERTY TAXES$263,852

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$296,299TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,033,930TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,147,514BOYAmt
EOY$4,542,529EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,898,492BOYAmt
EOY$1,481,999EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$630,262BOYAmt
EOY$790,152EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$228,389BOYAmt
EOY$275,441EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$128,018BOYAmt
EOY$265,632EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$22,146,514LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$10,212,932LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$12,412,014BOYAmt
EOY$11,933,582EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$18,425BOYAmt
EOY$505,375EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,463,114BOYAmt
EOY$19,794,710EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$808,247BOYAmt
EOY$951,827EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$331,318BOYAmt
EOY$230,899EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$10,050,153BOYAmt
EOY$9,489,801EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,189,718BOYAmt
EOY$10,672,527EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,273,396BOYAmt
EOY$9,122,183EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,273,396BOYAmt
EOY$9,122,183EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,463,114BOYAmt
EOY$19,794,710EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$454,748ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$3,303,535OtherChangesInNetAssetsAmt
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$137,338OtherCostOrOtherBasisAmt
Book Value$137,338BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,539,121OtherCostOrOtherBasisAmt
Depreciation$6,848,586DepreciationAmt
Book Value$7,690,535BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,037,445OtherCostOrOtherBasisAmt
Depreciation$1,901,820DepreciationAmt
Book Value$2,135,625BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,432,610OtherCostOrOtherBasisAmt
Depreciation$1,462,526DepreciationAmt
Book Value$1,970,084BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$11,933,582TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,641,830TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$9,641,830RevenueSubtotalAmt
Other Revenues Not Included-$2,062,648OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$2,062,648RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,579,182TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,096,578TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,062,648OtherExpensesIncludedAmt
Expenses Not Reported$2,062,648ExpensesNotReportedAmt
Expenses Subtotal$8,033,930ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,033,930TotalExpensesPerForm990Amt

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 INCOME TAX TOPIC OF THE FASB ASC.
PART XI, LINE 4B - OTHER ADJUSTMENTS:COST OF SALES RECLASS -2,062,648.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF SALES RECLASS 2,062,648.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
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 (4 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
KAREN HARMON
GM/COO$283,324$0$63,000$0$17,300$0$14,545$0$7,513$0$385,682$0$0$0
JENNIFER HECHEVERRIA
CHIEF FINANCIAL OFFICER$142,512$0$35,500$0$8,068$0$7,443$0$7,513$0$201,036$0$0$0
MAX MIRANDA
FOOD & BEVERAGE DIRECTOR$140,699$0$31,000$0$11,985$0$7,347$0$7,513$0$198,544$0$0$0
STEPHANIA FELTZ
MEMBERSHIP DIRECTOR$125,412$0$27,500$0$7,096$0$6,400$0$7,513$0$173,921$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4MEMBERSHIP CATEGORIES HAVE BEEN SIMPLIFIED INTO JUST TWO - MARINA AND SOCIAL. OTHER CATEGORIES HAVE BEEN CONVERTED INTO "MEMBERSHIP PROGRAMS AND THEIR DETAILS, UNCHANGED, HAVE BEEN MOVED TO THE EXECUTIVE POLICY MANUAL. THE CLUB ADDED THE OPTION TO HAVE UNACCOMPANIED GUESTS UNDER VERY LIMITED CIRCUMSTANCES AND MEMBERS CAN NOW PAY STATEMENT BALANCES WITH A CREDIT CARD. FINALLY, DIRECTORS ARE NOW ALLOWED TO VOTE REMOTELY FOR OFFICERS AND ALL SUBCOMMITTEES SHALL DISSOLVE WHEN THEIR RESPECTIVE WORK IS ACCOMPLISHED.
FORM 990, PART VI, SECTION A, LINE 6THE CORPORATION IS A PRIVATE YACHT AND SOCIAL CLUB THAT ALLOWS MEMBERS TO USE ITS FACILITIES BY PAYING DUES.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY ACCLAMATION UNLESS THERE IS A PETITION.
FORM 990, PART VI, SECTION A, LINE 7BFIFTEEN (15) PERCENT OF THE VOTING MEMBERS ENTITLED TO VOTE MAY PRESENT A PROPOSAL FOR AMENDMENT TO THESE BYLAWS, USING THE FOLLOWING PROCEDURES: A) THE SPECIFIC PROPOSAL SHALL BE DELIVERED TO THE CLUB'S SECRETARY AT LEAST SIXTY (60) DAYS PRIOR TO THE ANNUAL MEETING; B) AT LEAST 30 DAYS PRIOR TO THE MEETING AT WHICH THE PROPOSAL WILL BE CONSIDERED, THE SPECIFIC PROPOSAL SHALL BE POSTED ON THE CLUB'S BULLETIN BOARD AND PROVIDED TO ALL MEMBERS ENTITLED TO VOTE, TOGETHER WITH AN EXPLANATION OF THE PURPOSE OF THE PROPOSED AMENDMENT AND THE BOARD'S STATEMENT ON ITS MERITS; C) THE BALLOT FOR THE VOTE MUST PERMIT THE MEMBER TO VOTE FOR OR AGAINST THE SPECIFIC PROPOSAL.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED BY THE CFO, TREASURER AND COO, COMPARED TO THE AUDITED FINANCIAL STATEMENTS AND INTERNAL REPORTS, THEN PRESENTED TO THE GOVERNING BOARD FOR SUBSEQUENT REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CTHE WRITTEN CONFLICT OF INTEREST POLICY IS GIVEN TO OFFICERS, DIRECTORS AND KEY EMPLOYEES AT THE TIME OF HIRE OR APPOINTMENT AND ON AN ANNUAL BASIS. THE OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUESTED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST AT THAT TIME.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION COMMITTEE, WHICH IS MADE UP OF INDEPENDENT MEMBERS ELECTED BY THE BOARD OF DIRECTORS, USES COMPARABILITY DATA AND AVAILABLE RESOURCES TO THE CLUB TO DELIBERATE AND DETERMINE COMPENSATION OF THE COO.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE, THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST, AND THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND FOR INSPECTION AT THE CLUB.
FORM 990, PART XI, LINE 9:INITIATION CONTRIBUTIONS 1,108,065. CAPITAL ASSESSMENTS 2,195,470.
FORM 990, PART XII, LINE 2C:NO CHANGE FROM PRIOR YEAR.

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