2016-02-29T18:09:22-06:00 2015-04-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2014-05-01 590326329 LAUDERDALE YACHT CLUB INC LAUD 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 333161437 SCOTT L ANDERSON TREASURER 9545252842 2016-02-29 1 FRANK LUCAS P00995244 5616971785 2014 2016-08-17 19:52:53Z JAMES E LANG MD 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 333161437 8974623 0 X LYC.ORG X 1968 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 178 21 423959 0 0 0 5999191 5450168 -15444 -422371 2056830 2117436 8040577 7145233 0 0 0 0 3225073 3427309 0 0 0 2959780 3714948 6184853 7142257 1855724 2976 12880810 15888981 1460609 4465804 11420201 11423177 LAUDERDALE YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES RESTAURANT, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 43 0 1 178 1 1 1 0 0 0 1 1 1888756 581874 0 X 15 15 1 0 0 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 X DAN GREENBERG DIRECTOR OF FINANCE 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 33316 JAMES E LANG MD COMMODORE 5.00 X X 0 0 0 PETER M COMMETTE VICE COMMODORE 1.00 X X 0 0 0 GREGORY BELLOWS REAR COMMODORE 1.00 X X 0 0 0 SCOTT L ANDERSON TREASURER 3.00 X X 0 0 0 STEVE HYATT SECRETARY 1.00 X X 0 0 0 RICK J BURGESS LEGAL OFFICER 1.00 X 0 0 0 CHARLES W SABADASH III FLEET CAPTAIN 1.00 X 0 0 0 PETER S JOHNSON MD FLEET SURGEON 1.00 X 0 0 0 GEX F RICHARDSON FLEET HISTORIAN 1.00 X 0 0 0 TED BOHNE GOVERNOR 1.00 X 0 0 0 CHUCK DUNN GOVERNOR 1.00 X 0 0 0 RAY M WILLIAMS GOVERNOR 1.00 X 0 0 0 BILL BRANAN GOVERNOR 1.00 X 0 0 0 JOHN A DUNN GOVERNOR 1.00 X 0 0 0 THOMAS A LIHAN GOVERNOR 1.00 X 0 0 0 GEORGE L CALDWELL JR MD GOVERNOR 1.00 X 0 0 0 FRANK B DOLPH III GOVERNOR 1.00 X 0 0 0 JIM STEIN GOVERNOR 1.00 X 0 0 0 SCOTT L ANDERSON CFP GOVERNOR 1.00 X 0 0 0 DAVID J BURGESS GOVERNOR 1.00 X 0 0 0 STEPHANIE J TOOTHAKER ESQ GOVERNOR 1.00 X 0 0 0 DAN GREENBERG DIRECTOR OF FINANCE 55.00 X 102624 0 6693 JASON CALKIN GENERAL MANAGER 55.00 X 154941 0 11375 SCOTT PUKYS DIRECTOR OF TENNIS 50.00 X 181281 0 2277 TOM AZAR EXECUTIVE CHEF 50.00 X 111376 0 6405 STEFAN TELL ASSISTANT TENNIS PRO 50.00 X 107792 0 6496 658014 0 33246 5 0 1 0 0 DUES & ASSESSMENTS 713910 4218512 4218512 YACHTING 713910 402814 241351 161463 DOCKS AND HARBOR 713910 369167 346051 23116 TENNIS 713910 265355 265355 ENTERTAINMENT COMMITTEE 713910 75329 75329 118991 118991 5450168 7327 7327 10702 440400 -429698 -429698 -429698 3323460 1388990 1934470 1702417 232053 MEMBER FINANCING 713910 91644 91644 GENERAL FACILITY FEE 713910 90957 90957 MISCELLANEOUS 713910 365 365 182966 7145233 7150972 423959 -429698 2826754 600555 33500 495155 45882 666923 310708 NEW CLUBHOUSE FEASIBILI 671392 REPAIRS & ADMIN. 537610 FOOD AND BEVERAGE 353768 ENTERTAINMENT COMMITTEE 259840 340170 7142257 3767679 2464843 822770 973422 570784 654137 72770 122366 307256 190858 18372916 6919626 7308938 11453290 30613 30065 12880810 15888981 482228 520408 563543 555830 414838 3389566 1460609 4465804 X 11420201 11423177 11420201 11423177 12880810 15888981 2976 0 X X 0 1 X 1 0 1176052 1176052 10093662 4080875 6012787 2965937 1199131 1766806 4137265 1639620 2497645 11453290 X 8534223 1388990 1388990 7145233 0 7145233 8531247 1388990 1388990 7142257 0 7142257 PART X, LINE 2: FIN 48 STATEMENT: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,388,990. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,388,990. 1 X X X X 0 0 0 JASON CALKIN GENERAL MANAGER 111043 0 30000 0 13898 0 5559 0 5816 0 166316 0 0 0 SCOTT PUKYS DIRECTOR OF TENNIS 33250 0 135824 0 12207 0 0 0 2277 0 183558 0 0 0 CLYDE WRIGHT II FORMER COMMODORE (2003 TERM) 310708 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. 0 FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE ORGANIZATION'S BOARD OF GOVERNORS, JOHN DUNN AND CHUCK DUNN, ARE BROTHERS. 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 NEW 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 11 THE 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 TREASURER AND THE DIRECTOR OF FINANCE. THESE INDIVIDUALS REVIEW FORM 990 WITH THE CLUB'S OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE 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 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 AVAILABLE FOR INSPECTION AT THE CLUB. THE CLUB MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. LAUDERDALE YACHT CLUB SAILING FOUNDATION INC 271035675 YOUTH SAILING EDUCATION IN SOUTH FLORIDA FL 501(C)3 LINE 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0