2018-08-09T11:15:22-05:00 2017-09-30 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2016-10-01 590436199 SARASOTA YACHT CLUB SARA 9419529451 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 SHEILA GLEASON TREASURER 9413654191 2018-07-30 1 REBECCA U STONER P00585910 9413654617 2016 2022-09-23 18:48:47Z SHEILA GLEASON 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 8636894 0 X WWW.SARASOTAYACHTCLUB.ORG X 1926 FL RECREATIONAL ACTIVITIES 13 13 125 72 572207 0 0 0 5088556 5268525 -8970 5580 1782520 2033290 6862106 7307395 0 0 0 0 2944896 3292009 0 0 0 3256711 3034171 6201607 6326180 660499 981215 15995479 16813587 14890808 14192659 1104671 2620928 THE SARASOTA YACHT CLUB IS A PREMIER, FULL SERVICE, FAMILY-ORIENTED PRIVATE YACHT CLUB DEDICATED TO THE ENJOYMENT OF MEMBERS, THEIR FAMILIES, AND THEIR GUESTS. 0 0 SYC 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 125 1 1 1 0 0 0 0 1778645 900483 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X BEN WAGNER 9413654191 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 JON BOSCIA DIRECTOR 2.00 X 0 0 0 CHIP GAYLOR DIRECTOR 2.00 X 0 0 0 SHEILA GLEASON DIRECTOR 2.00 X 0 0 0 JAMES MARTIN DIRECTOR 2.00 X 0 0 0 RICHARD MCCAFFERY DIRECTOR 2.00 X 0 0 0 ALICE PETRAT DIRECTOR 2.00 X 0 0 0 SUSAN ROBINSON DIRECTOR 2.00 X 0 0 0 BRIAN WILL DIRECTOR EFF FEB 2017 2.00 X 0 0 0 JANE HUTCHINS COMMODORE 2.00 X X 0 0 0 HUGH MCILREVEY VICE COMMODORE 2.00 X X 0 0 0 PAUL PRESSEL REAR COMMODORE EFF FEB 2017 2.00 X X 0 0 0 BOB DONNELLAN TREASURER 2.00 X X 0 0 0 KEN D'AGOSTINO REAR COMMODORE THRU JAN 2017 2.00 X X 0 0 0 JOHN HERMANSEN SECRETARY 2.00 X X 0 0 0 BENJAMIN WAGNER CHIEF FINANCIAL OFFICER 40.00 X 149247 0 13644 BERNIE KLOPPENBURG CEO 40.00 X 242293 0 114606 ANTHONY PUCCIO FOOD & BEVERAGE DIRECTOR 40.00 X 155031 0 42553 STEPHANIA FELTZ MEMBER RELATIONS DIRECTOR 40.00 X 121677 0 12508 668248 0 183311 4 0 1 0 0 MEMBER DUES AND INITIATION FEES 713990 4513379 4513379 MARINA REVENUE 713990 740616 740616 SAILING PROGRAM 713990 14530 14530 5268525 20177 14597 5580 5580 5580 3221609 1314902 1906707 1351666 555041 MINIMUM INCOME 713990 82256 82256 ADVERTISING 713990 17166 17166 27161 27161 126583 7307395 6729608 572207 5580 508945 2089260 109751 323045 261008 590 30179 137715 33378 32386 44359 270112 545007 742226 209751 SUPPLIES 307197 TAXES AND LICENSES 230033 REPAIRS AND MAINTENANCE 176725 SUBMERGED LAND LEASE 47224 227289 6326180 1914746 2577521 682830 779627 128899 146113 159332 164420 19639261 6718704 12940003 12920557 41341 32788 128328 192561 15995479 16813587 699541 861032 594670 702891 12526101 12052344 1070496 576392 14890808 14192659 X 1104671 2620928 1104671 2620928 15995479 16813587 X 981215 535042 X X 0 1 X 1 0 137338 137338 13908370 2694830 11213540 2701472 1891405 810067 2892081 2132469 759612 12920557 DEPOSITS 89000 INTEREST RATE SWAP AGREEMENT 313156 457(F) PLAN PAYABLE 174236 576392 X 9151759 535042 535042 8616717 -1309322 -1309322 7307395 7635502 1309322 1309322 6326180 0 6326180 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 535,042. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSE PER FS -1,314,902. GAIN ON DISPOSAL OF FIXED ASSETS INCLUDED IN EXPENSE PER FS 5,580. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN REVENUE PER 990 1,314,902. GAIN ON DISPOSAL OF FIXED ASSETS INCLUDED IN REVENUE PER 990 -5,580. X X X X 0 1 0 BENJAMIN WAGNER CHIEF FINANCIAL OFFICER 115927 0 33320 0 0 0 5970 0 7674 0 162891 0 0 0 BERNIE KLOPPENBURG CEO 205157 0 37136 0 0 0 59692 0 54914 0 356899 0 0 0 ANTHONY PUCCIO FOOD & BEVERAGE DIRECTOR 143771 0 11260 0 0 0 6201 0 36352 0 197584 0 0 0 PART I, LINE 4B BERNHARD KLOPPENBURG- DEFERRED COMPENSATION 457(F)PLAN - $50,000 FORM 990, PART I, LINE 6 THE CLUB UTILIZES THE SERVICES OF 72 VOLUNTEERS IN A VARIETY OF WAYS. THE 13 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 6 THE 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 7A MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY A VOTE OF ACTIVE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B FIFTEEN (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 11B THE 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. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS GIVEN TO OFFICERS, DIRECTORS AND KEY EMPLOYEES AT THE TIME OF HIRE OR APPOINTMENT. 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 15 THE 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 CEO AND OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE 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 535,042. FORM 990, PART XII, LINE 2C NO CURRENT YEAR CHANGES TO AUDIT OVERSIGHT PROCESS.