SARASOTA YACHT CLUB: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
SARASOTA YACHT CLUB (EIN 59-0436199)
Tax period
2018-10-01 to 2019-09-30
Filed
2020-08-14
IRS object ID
202002279349300205
Schema version
2018v3.2
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)
Return2020-08-14T08:46:49-05:00ReturnTs
Tax Period End2019-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN591753337PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KERKERING BARBERIO & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 49348AddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP342306348ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-10-01TaxPeriodBeginDt

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
Phone9413654191PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 JOHN RINGLING CAUSEWAYAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCOLLEEN KENEFICKPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9413654191PhoneNum
Signature2020-08-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonREBECCA U STONERPreparerPersonNm
PTINP00585910PTIN
Phone9413654617PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address71.101.221.218IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-08-14IPDt
IP Tm09:44:13IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdBB8B5E3EAF249E985C9244A8799E4F795D6E150BAtSubmissionCreationDeviceId
At Submission Filing Device Id1DDA76E780E419B43F0AC8CCF8703AACD10E77E2AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-22 18:59:49ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCOLLEEN KENEFICKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 JOHN RINGLING CAUSEWAYAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,475,916GrossReceiptsAmt
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 Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee104TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$528,238TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$34,498NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$5,796,022PYProgramServiceRevenueAmt
CY Program Service Revenue$5,898,425CYProgramServiceRevenueAmt
PY Investment Income$5,684PYInvestmentIncomeAmt
CY Investment Income$28,473CYInvestmentIncomeAmt
PY Other Revenue$2,220,282PYOtherRevenueAmt
CY Other Revenue$2,136,587CYOtherRevenueAmt
PY Total Revenue$8,021,988PYTotalRevenueAmt
CY Total Revenue$8,063,485CYTotalRevenueAmt
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$3,532,289PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,933,500CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,202,922PYOtherExpensesAmt
CY Other Expenses$3,395,185CYOtherExpensesAmt
PY Total Expenses$6,735,211PYTotalExpensesAmt
CY Total Expenses$7,328,685CYTotalExpensesAmt
PY Revenues Less Expenses$1,286,777PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$734,800CYRevenuesLessExpensesAmt
Total Assets BOY$17,482,123TotalAssetsBOYAmt
Total Assets EOY$17,491,345TotalAssetsEOYAmt
Total Liabilities BOY$13,162,413TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,733,692TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,319,710NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,757,653NetAssetsOrFundBalancesEOYAmt
MissionTHE SARASOTA YACHT CLUB IS A PREMIER, FULL SERVICE, FAMILY-ORIENTED PRIVATE YACHT CLUB DEDICATED TO THE ENJOYMENT OF MEMBERS, THEIR FAMILIES, AND THEIR GUESTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescSYC BRAND STATEMENTTHE SARASOTA YACHT CLUB IS THE WATERFRONT CONNECTION FOR A DIVERSE GROUP OF "FUN-LOVING" PEOPLE WHO ENJOY AWARD WINNING DINING, EXTRAORDINARY EXPERIENCES, AND ENGAGING ACTIVITIES IN A WELCOMING ENVIRONMENT. SYC VISION STATEMENTTHE SARASOTA YACHT CLUB WILL BE A VIBRANT, MEMBER-DRIVEN, MULTIGENERATIONAL YACHT CLUB PROVIDING ALL MEMBERS WITH EXTRAORDINARY EXPERIENCES AND LEGENDARY SERVICES.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document16IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee104EmployeeCnt
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$2,356,839InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$828,374GrossReceiptsForPublicUseAmt
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 Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
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 Line1JENNY HECHEVERRIABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9413654191PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 JOHN RINGLING CAUSEWAYAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ANITA DEVINE
DIRECTOR2.00Yes (X)$0$0$0
COLLEEN KENEFICK
DIRECTOR2.00Yes (X)$0$0$0
RYAN LODGE
DIRECTOR2.00Yes (X)$0$0$0
ROBERT MILLIGAN
DIRECTOR2.00Yes (X)$0$0$0
BOB RISBRIDGER
DIRECTOR2.00Yes (X)$0$0$0
DON WHITTAKER
FLEET CAPTAIN2.00Yes (X)$0$0$0
DR WILL STEIN
FLEET SURGEON2.00Yes (X)$0$0$0
JANE HUTCHINS
PAST COMMODORE2.00Yes (X)$0$0$0
TIM CLARKE
REAR COMMODORE2.00Yes (X)$0$0$0Yes (X)
HUGH MCILREVEY
COMMODORE2.00Yes (X)$0$0$0Yes (X)
BRIAN WILL
VICE COMMODORE2.00Yes (X)$0$0$0Yes (X)
SHEILA GLEASON
TREASURER2.00Yes (X)$0$0$0Yes (X)
JOHN HERMANSEN
SECRETARY2.00Yes (X)$0$0$0Yes (X)
BENJAMIN WAGNER
CHIEF FINANCIAL OFFICER40.00$245,827$0$16,296Yes (X)
KAREN HARMON
GM/COO40.00$136,922$0$9,406Yes (X)
ANTHONY PUCCIO
FOOD & BEVERAGE DIRECTOR40.00$200,090$0$29,021Yes (X)
STEPHANIA FELTZ
MEMBER RELATIONS DIRECTOR40.00$142,041$0$12,145Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$724,880TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$66,868TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER DUES AND INITIATION FEES713990$5,083,777$5,083,777
MARINA REVENUE713990$793,308$793,308
SAILING PROGRAM713990$21,340$21,340
FieldValueIRS element (for citing)
Total Program Service Revenue$5,898,425TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,154TotalRevenueColumnAmt
Unrelated Business Revenue$28,154UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$700OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$381OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$319OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$319TotalRevenueColumnAmt
Exclusion$319ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$3,228,418GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,412,050CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,816,368TotalRevenueColumnAmt
Related Or Exempt Func Income$1,339,542RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$476,826UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
MINIMUM INCOME713990$56,530$56,530
ADVERTISING713990$23,258$23,258
FINANCE CHARGES713990$19,998$19,998

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$220,433TotalRevenueColumnAmt
Related Or Exempt Func Income$220,433RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$320,219OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,063,485TotalRevenueColumnAmt
Related Or Exempt Func Income$7,534,928RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$528,238UnrelatedBusinessRevenueAmt
Exclusion$319ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$540,620TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,627,841TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$78,175TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$347,302TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$339,562TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,725TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$45,755TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$191,965TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$50,296TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$30,876TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$90,469TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$267,556TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$504,995TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$835,268TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$210,479TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
SUPPLIES$387,416
TAXES AND LICENSES$255,833
REPAIRS AND MAINTENANCE$245,868
SUBMERGED LAND LEASE$45,379

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$231,305TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,328,685TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,318,526BOYAmt
EOY$1,585,648EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,257,801BOYAmt
EOY$1,285,654EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$823,605BOYAmt
EOY$809,821EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$161,473BOYAmt
EOY$167,006EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$218,053BOYAmt
EOY$229,835EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$21,564,853LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,185,478LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$12,561,257BOYAmt
EOY$13,379,375EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$24,234BOYAmt
EOY$15,681EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$117,174BOYAmt
EOY$18,325EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,482,123BOYAmt
EOY$17,491,345EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$843,976BOYAmt
EOY$967,743EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$645,524BOYAmt
EOY$445,888EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$11,557,366BOYAmt
EOY$11,040,215EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$115,547BOYAmt
EOY$279,846EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,162,413BOYAmt
EOY$12,733,692EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,319,710BOYAmt
EOY$4,757,653EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,319,710BOYAmt
EOY$4,757,653EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,482,123BOYAmt
EOY$17,491,345EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$734,800ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$296,857OtherChangesInNetAssetsAmt
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$14,724,478OtherCostOrOtherBasisAmt
Depreciation$3,506,741DepreciationAmt
Book Value$11,217,737BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,800,541OtherCostOrOtherBasisAmt
Depreciation$2,305,115DepreciationAmt
Book Value$1,495,426BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,902,496OtherCostOrOtherBasisAmt
Depreciation$2,373,622DepreciationAmt
Book Value$528,874BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$13,379,375TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEPOSITS$81,838
INTEREST RATE SWAP AGREEMENT$198,008
FieldValueIRS element (for citing)
Total Liability$279,846TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,178,359TotalRevEtcAuditedFinclStmtAmt
Other Revenue-$296,857OtherRevenueAmt
Revenue Not Reported-$296,857RevenueNotReportedAmt
Revenue Subtotal$9,475,216RevenueSubtotalAmt
Other Revenues Not Included-$1,411,731OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$1,411,731RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,063,485TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,740,416TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,411,731OtherExpensesIncludedAmt
Expenses Not Reported$1,411,731ExpensesNotReportedAmt
Expenses Subtotal$7,328,685ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,328,685TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE CLUB HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE CLUB.
PART XI, LINE 2D - OTHER ADJUSTMENTS:ADJUSTMENT FOR INTEREST RATE SWAP -296,857.
PART XI, LINE 4B - OTHER ADJUSTMENTS:COGS INCLUDED IN EXPENSE PER FS -1,412,050. GAIN ON DISPOSAL OF FIXED ASSETS INCLUDED IN EXPENSE PER FS 319.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COGS INCLUDED IN REVENUE PER 990 1,412,050. GAIN ON DISPOSAL OF FIXED ASSETS INCLUDED IN REVENUE PER 990 -319.

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 (3 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
BENJAMIN WAGNER
CHIEF FINANCIAL OFFICER$179,679$0$66,148$0$0$0$9,833$0$6,463$0$262,123$0$0$0
ANTHONY PUCCIO
FOOD & BEVERAGE DIRECTOR$157,587$0$42,503$0$0$0$8,004$0$21,017$0$229,111$0$0$0
STEPHANIA FELTZ
MEMBER RELATIONS DIRECTOR$95,119$0$46,922$0$0$0$5,682$0$6,463$0$154,186$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 6THE CLUB UTILIZES THE SERVICES OF 100+ VOLUNTEERS IN A VARIETY OF WAYS. THE 11 MEMBERS OF THE BOARD OF DIRECTORS, BOTH THE EXECUTIVE COMMITTEE AND SITTING MEMBERS, ARE CLASSIFIED AS VOLUNTEERS. IN ADDITION TO THE BOARD THERE ARE 17 COMMITTEES WHICH GOVERN ALL ASPECTS OF THE CLUB. ANY MEMBER MAY SIT ON A COMMITTEE AND EACH COMMITTEE IS LED BY A BOARD MEMBER AS THE COMMITTEE CHAIR. ALL COMMITTEE MEMBERS ARE VOLUNTEERS WHO PROVIDE VALUABLE SERVICES TO THE CLUB. CLUB AMBASSADORS ARE MEMBERS WHO VOLUNTARILY CONTRIBUTE THEIR EFFORTS TO ENGAGING NEW MEMBERS AND INTRODUCING THEM TO THE CLUB AND ALL THAT THE CLUB HAS TO OFFER. WITHIN THE CLUB THERE ARE SEVERAL GROUPS WHO MEET AND PARTICIPATE IN A WIDE RANGE OF ACTIVITIES THAT INCLUDE FISHING, CYCLING, KAYAKING, AND MORE. THE MEMBERS WHO ORGANIZE THESE ACTIVITIES WORK WITH THE STAFF TO SECURE FUNDS AND COORDINATE EVENTS, VOLUNTEERING THEIR TIME TO ENRICHING THE SOCIAL ENVIRONMENT OF THE CLUB.
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 ORGANIZATION IS A PRIVATE CLUB AND THEREFORE ONLY MAKES ITS POLICIES AND AUDITED FINANCIAL STATEMENT AVAILABLE TO ITS MEMBERS. POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED TO FINANCIAL INSTITUTIONS, POTENTIAL MEMBERS, AND OTHER PERSONS OR ENTITIES AS THE BOARD OF DIRECTORS SEES FIT.
FORM 990, PART XI, LINE 9:ADJUSTMENT FOR INTEREST RATE SWAP -296,857.
FORM 990, PART XII, LINE 2CNO CURRENT YEAR CHANGES TO AUDIT OVERSIGHT PROCESS.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.