LAUDERDALE YACHT CLUB INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: LAUDERDALE YACHT CLUB INC (EIN 59-0326329)
Tax period: 2015-05-01 to 2016-04-30
Filed: 2017-02-27
IRS object ID: 201710589349300301
Schema version: 2015v3.0
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
Form 990
Schedule D
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-02-27T07:55:18-06:00	ReturnTs
Tax Period End	2016-04-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1555 PALM BEACH LAKES BLVD SUITE	AddressLine1Txt
Address Line2	700	AddressLine2Txt
City	WEST PALM BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33401	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-05-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	590326329	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAUDERDALE YACHT CLUB INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LAUD	BusinessNameControlTxt
Phone	9545252842	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1725 SOUTHEAST 12TH STREET	AddressLine1Txt
City	FORT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	333161437	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KARL HILL	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	9545252842	PhoneNum
Signature	2017-02-25	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	FRANK LUCAS	PreparerPersonNm
PTIN	P00995244	PTIN
Phone	5616971785	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PETER M COMMETTE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1725 SOUTHEAST 12TH STREET	AddressLine1Txt
City	FORT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	333161437	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$9,409,904	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	LYC.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1968	FormationYr
Legal Domicile State	FL	LegalDomicileStateCd
Activity Or Mission	TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	200	TotalEmployeeCnt
Total Volunteers	21	TotalVolunteersCnt
Total Gross UBI	$427,481	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$5,450,168	PYProgramServiceRevenueAmt
CY Program Service Revenue	$5,562,388	CYProgramServiceRevenueAmt
PY Investment Income	-$422,371	PYInvestmentIncomeAmt
CY Investment Income	-$47,626	CYInvestmentIncomeAmt
PY Other Revenue	$2,117,436	PYOtherRevenueAmt
CY Other Revenue	$2,362,509	CYOtherRevenueAmt
PY Total Revenue	$7,145,233	PYTotalRevenueAmt
CY Total Revenue	$7,877,271	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$3,427,309	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$3,570,430	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,714,948	PYOtherExpensesAmt
CY Other Expenses	$3,409,767	CYOtherExpensesAmt
PY Total Expenses	$7,142,257	PYTotalExpensesAmt
CY Total Expenses	$6,980,197	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,976	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$897,074	CYRevenuesLessExpensesAmt
Total Assets BOY	$15,888,981	TotalAssetsBOYAmt
Total Assets EOY	$15,872,018	TotalAssetsEOYAmt
Total Liabilities BOY	$4,465,804	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,551,767	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$11,423,177	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$12,320,251	NetAssetsOrFundBalancesEOYAmt
Mission	LAUDERDALE 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 Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	THE CLUB PROVIDES RESTAURANT, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (1)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	42	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	200	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	Yes (1)	NondeductibleContributionsInd
Nondeductible Contri Discl	Yes (1)	NondeductibleContriDisclInd
Initiation Fees And Cap Contri	$1,902,258	InitiationFeesAndCapContriAmt
Gross Receipts For Public Use	$604,082	GrossReceiptsForPublicUseAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DAN GREENBERG DIRECTOR OF FINANCE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9545252842	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1725 SOUTHEAST 12TH STREET	AddressLine1Txt
City	FORT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33316	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
PETER M COMMETTE
COMMODORE	5.00	Yes (X)	Yes (X)	$0	$0	$0
GREGORY BELLOWS
VICE COMMODORE	1.00	Yes (X)	Yes (X)	$0	$0	$0
CHUCK DUNN
REAR COMMODORE	1.00	Yes (X)	Yes (X)	$0	$0	$0
KARL HILL
TREASURER	3.00	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL MCGINN
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
GEX RICHARDSON
LEGAL OFFICER	1.00	Yes (X)		$0	$0	$0
TED MORLEY
FLEET CAPTAIN	1.00	Yes (X)		$0	$0	$0
SIMON DORTON MD
FLEET SURGEON	1.00	Yes (X)		$0	$0	$0
RICK BURGESS
FLEET HISTORIAN	1.00	Yes (X)		$0	$0	$0
WESLEY W PARKER
GOVERNOR	1.00	Yes (X)		$0	$0	$0
CHARLES CHIP SABADASH III
GOVERNOR	1.00	Yes (X)		$0	$0	$0
WIL H SHRINER
GOVERNOR	1.00	Yes (X)		$0	$0	$0
BILL BRANAN
GOVERNOR	1.00	Yes (X)		$0	$0	$0
JOHN A DUNN
GOVERNOR	1.00	Yes (X)		$0	$0	$0
THOMAS A LIHAN
GOVERNOR	1.00	Yes (X)		$0	$0	$0
GEORGE L CALDWELL JR MD
GOVERNOR	1.00	Yes (X)		$0	$0	$0
FRANK B DOLPH III
GOVERNOR	1.00	Yes (X)		$0	$0	$0
STEVE HYATT
GOVERNOR	1.00	Yes (X)		$0	$0	$0
SCOTT L ANDERSON CFP
GOVERNOR	1.00	Yes (X)		$0	$0	$0
DAVID J BURGESS
GOVERNOR	1.00	Yes (X)		$0	$0	$0
STEPHANIE J TOOTHAKER ESQ
GOVERNOR	1.00	Yes (X)		$0	$0	$0
DAN GREENBERG
DIRECTOR OF FINANCE	55.00		Yes (X)	$106,411	$0	$6,650
NADINE ROCKWELL
GENERAL MANAGER	55.00		Yes (X)	$42,692	$0	$3,415
JASON CALKIN
GENERAL MANAGER	55.00		Yes (X)	$88,588	$0	$5,956
SCOTT PUKYS
DIRECTOR OF TENNIS	50.00			$195,890	$0	$10,934	Yes (X)
TOM AZAR
EXECUTIVE CHEF	50.00			$112,968	$0	$6,147	Yes (X)
STEFAN TELL
ASSISTANT TENNIS PRO	50.00			$102,696	$0	$6,214	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$649,245	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$39,316	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
DUES & ASSESSMENTS	713910	$4,165,914	$4,165,914
YACHTING	713910	$516,806	$381,615	$135,191
DOCKS AND HARBOR	713910	$393,330	$381,649	$11,681
TENNIS	713910	$275,287	$275,287
ENTERTAINMENT COMMITTEE	713910	$69,288	$69,288

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$141,763	TotalRevenueColumnAmt
Related Or Exempt Func Income	$141,763	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$5,562,388	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,783	TotalRevenueColumnAmt
Unrelated Business Revenue	$6,783	UnrelatedBusinessRevenueAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$54,409	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$54,409	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$54,409	TotalRevenueColumnAmt
Exclusion	-$54,409	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$3,648,929	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$1,478,224	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,170,705	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,896,879	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$273,826	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER FINANCING	713910	$96,890	$96,890
GENERAL FACILITY FEE	713910	$68,068	$68,068
OTHER INCOME	713910	$26,441	$26,441

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$405	TotalRevenueColumnAmt
Related Or Exempt Func Income	$405	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$191,804	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,877,271	TotalRevenueColumnAmt
Related Or Exempt Func Income	$7,504,199	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$427,481	UnrelatedBusinessRevenueAmt
Exclusion	-$54,409	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,952,956	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$617,474	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$50,500	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$541,456	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$100,873	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$797,719	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$321,849	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
REPAIRS & ADMIN.	$607,566
FOOD AND BEVERAGE	$335,478
ENTERTAINMENT COMMITTEE	$253,483
YACHTING COMMITTEE	$227,554

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$173,289	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,980,197	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,464,843	BOYAmt
EOY	$2,834,008	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$973,422	BOYAmt
EOY	$983,723	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$654,137	BOYAmt
EOY	$580,535	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$122,366	BOYAmt
EOY	$149,513	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$190,858	BOYAmt
EOY	$186,586	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$18,536,491	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$7,413,220	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$11,453,290	BOYAmt
EOY	$11,123,271	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$30,065	BOYAmt
EOY	$14,382	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$15,888,981	BOYAmt
EOY	$15,872,018	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$520,408	BOYAmt
EOY	$604,159	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$555,830	BOYAmt
EOY	$549,710	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,389,566	BOYAmt
EOY	$2,397,898	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,465,804	BOYAmt
EOY	$3,551,767	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$11,423,177	BOYAmt
EOY	$12,320,251	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$11,423,177	BOYAmt
EOY	$12,320,251	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$15,888,981	BOYAmt
EOY	$15,872,018	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$897,074	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,176,052	OtherCostOrOtherBasisAmt
Book Value	$1,176,052	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$10,115,775	OtherCostOrOtherBasisAmt
Depreciation	$4,354,507	DepreciationAmt
Book Value	$5,761,268	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,058,845	OtherCostOrOtherBasisAmt
Depreciation	$1,316,732	DepreciationAmt
Book Value	$1,742,113	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,185,819	OtherCostOrOtherBasisAmt
Depreciation	$1,741,981	DepreciationAmt
Book Value	$2,443,838	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$11,123,271	TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt	$9,355,495	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$1,478,224	OtherRevenueAmt
Revenue Not Reported	$1,478,224	RevenueNotReportedAmt
Revenue Subtotal	$7,877,271	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$7,877,271	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$8,458,421	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$1,478,224	OtherExpensesIncludedAmt
Expenses Not Reported	$1,478,224	ExpensesNotReportedAmt
Expenses Subtotal	$6,980,197	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$6,980,197	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:	COST OF GOODS SOLD 1,478,224.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	COST OF GOODS SOLD 1,478,224.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	SCOTT PUKYS	PersonNm
Title	DIRECTOR OF TENNIS	TitleTxt
Base Compensation Filing Org	$33,250	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$144,640	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$18,000	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$5,258	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$5,676	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$206,824	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Field	Value	IRS element (for citing)
Person	CLYDE WRIGHT II	PersonNm

Field	Value	IRS element (for citing)
Relationship Description	FORMER COMMODORE (2003 TERM)	RelationshipDescriptionTxt
Transaction	$323,913	TransactionAmt
Transaction	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.	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 MEMBERS AND SENIOR MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7B	REGULAR AND SENIOR MEMBERS CAN VOTE AND DECIDE ON NEW CAPITAL ASSESSMENTS, DUES INCREASES, OPERATING ASSESSMENTS OVER 5% OF THE DUES RATE AND SERVICE CHARGES INCREASES.
FORM 990, PART VI, SECTION B, LINE 11	THE ORGANIZATION DOES NOT BELIEVE THAT IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. ONLY THE DIRECTOR OF FINANCE AND THE CLUB TREASURER REVIEW THE FORM BEFORE SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 15	THE ONLY POSITION THAT THE BOARD APPROVES IS THE COMPENSATION PACKAGE FOR THE GENERAL MANAGER AND THIS REVIEW WAS DONE IN FISCAL 2016. ALL THE OTHER POSITIONS' COMPENSATION ARE APPROVED BY THE GENERAL MANAGER WHICH ARE BASED ON COMPARABLE POSITIONS AND PERFORMANCE TOWARDS GOALS. THE EXECUTIVE COMMITTEE CONDUCTS THEIR REGULAR COMPENSATION MEETINGS AND APPROVES THE ANNUAL COMPENSATION AND BONUS PACKAGE FOR THE GENERAL MANAGER. THEY LOOK AT COMPENSATIONS OF OTHER COMPARABLE GENERAL MANAGERS AND THE ACCOMPLISHMENTS OF THE CURRENT GM TO THE GOALS THAT HE MET.
FORM 990, PART VI, SECTION C, LINE 18	THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19	THE CLUB MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C	NO CHANGE FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LAUDERDALE YACHT CLUB SAILING FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
EIN	271035675	EIN
Primary Activities	YOUTH SAILING EDUCATION IN SOUTH FLORIDA	PrimaryActivitiesTxt
Legal Domicile State	FL	LegalDomicileStateCd
Exempt Code Section	501(C)3	ExemptCodeSectionTxt
Public Charity Status	LINE 9	PublicCharityStatusTxt
Direct Controlling NA	N/A	DirectControllingNACd
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

LAUDERDALE YACHT CLUB INC: Form 990, tax year 2015

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990 IRS990

US Address USAddress

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

US Address USAddress

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Investment Income InvestmentIncomeGrp

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Gain Or Loss GainOrLossGrp

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Net Income Or Loss NetIncomeOrLossGrp

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

Miscellaneous Revenue MiscellaneousRevenueGrp

Total Revenue TotalRevenueGrp

Other Salaries And Wages OtherSalariesAndWagesGrp

Other Employee Benefits OtherEmployeeBenefitsGrp

Advertising AdvertisingGrp

Occupancy OccupancyGrp

Interest InterestGrp

Depreciation Depletion DepreciationDepletionGrp

Insurance InsuranceGrp

Other Expenses OtherExpensesGrp (4 entries)

All Other Expenses AllOtherExpensesGrp

Total Functional Expenses TotalFunctionalExpensesGrp

Cash Non Interest Bearing CashNonInterestBearingGrp

Accounts Receivable AccountsReceivableGrp

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Other Assets Total OtherAssetsTotalGrp

Total Assets TotalAssetsGrp

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Deferred Revenue DeferredRevenueGrp

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Total Liabilities TotalLiabilitiesGrp

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FS Audited Basis FSAuditedBasisGrp

Schedule D IRS990ScheduleD

Land LandGrp

Buildings BuildingsGrp

Equipment EquipmentGrp

Other Land Buildings OtherLandBuildingsGrp

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Schedule J IRS990ScheduleJ

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Comments