2016-08-10T10:38:56-05:00 2015-09-30 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2014-10-01 590436199 SARASOTA YACHT CLUB SARA 9419529451 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 BOB DONNELLAN TREASURER 9413654191 2016-08-04 1 REBECCA U STONER P00585910 9413654617 2014 2016-12-15 16:53:06Z BOB DONNELLAN 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 7701308 0 X WWW.SARASOTAYACHTCLUB.ORG X 1926 FL RECREATIONAL ACTIVITIES 15 15 116 120 426277 -347 0 0 4295541 4557373 -13689 -2975 1742696 1908176 6024548 6462574 0 0 0 0 2491030 2747114 0 0 0 3238776 3176652 5729806 5923766 294742 538808 15771786 15756090 15389062 15253617 382724 502473 IT IS THE MISSION OF THE SARASOTA YACHT CLUB TO RESPONSIBLY MAXIMIZE MEMBER AND STAFF LOYALTY THROUGH MEMORABLE WORLD-CLASS SERVICES AND PRODUCT. 0 0 THE OBJECTIVES OF THE CORPORATION, CONSISTING OF MEMBERS OF SIMILAR INTERESTS, SHALL BE TO ENCOURAGE YACHTING TO ASSIST IN MAKING MEMBERS PROFICIENT IN THE ART OF SEAMANSHIP AND THE SCIENCE OF NAVIGATION; TO PROVIDE ENTERTAINMENT, FOOD, REFRESHMENTS AND DOCKING FACILITIES FOR MEMBERS AND THEIR GUESTS; AND GENERALLY TO HAVE AND EXERCISE ALL THE POWERS, PRIVILEGES AND IMMUNITIES OF CORPORATIONS NOT FOR PROFIT INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA. 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 36 0 1 116 1 1 1 0 0 0 0 1601779 704032 0 X 15 15 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 TIM CLARKE DIRECTOR 2.00 X 0 0 0 KEN D'AGOSTINO DIRECTOR 2.00 X 0 0 0 BOB DONNELLAN DIRECTOR 2.00 X 0 0 0 CHIP GAYLOR DIRECTOR 2.00 X 0 0 0 JOHN HERMANSEN DIRECTOR 2.00 X 0 0 0 RICHARD MCCAFFERY DIRECTOR 2.00 X 0 0 0 BARRY MCCLURE DIRECTOR 2.00 X 0 0 0 LYNN MILLIKIN DIRECTOR 2.00 X 0 0 0 ALICE PETRAT DIRECTOR 2.00 X 0 0 0 PHIL COUTURE DIRECTOR 2.00 X 0 0 0 BOBBY OVERALL COMMODORE 2.00 X X 0 0 0 ALEX LANCASTER VICE COMMODORE 2.00 X X 0 0 0 JANE HUTCHINS REAR COMMODORE 2.00 X X 0 0 0 HUGH MCILREVEY TREASURER 2.00 X X 0 0 0 CINDY STELTER SECRETARY 2.00 X X 0 0 0 BENJAMIN WAGNER CHIEF FINANCIAL OFFICER 40.00 X 164020 0 10894 BERNIE KLOPPENBURG CEO 40.00 X 207489 0 90363 ANTHONY PUCCIO FOOD & BEVERAGE DIRECTOR 40.00 X 131223 0 26925 STEPHANIA FELTZ MEMBER RELATIONS DIRECTOR 40.00 X 115285 0 7619 618017 0 135801 4 0 1 0 0 MEMBER DUES AND INITIATION FEES 713990 3842110 3842110 MARINA REVENUE 713990 684733 684733 SAILING PROGRAM 713990 30530 30530 4557373 71 71 3046 -3046 -3046 -3046 2965113 1235688 1729425 1319456 409969 MINIMUM INCOME 713990 66849 66849 WATER SPORTS/ REGATTAS 713990 17623 17623 ADVERTISING 713990 16237 16237 78042 78042 178751 6462574 6039343 426277 -3046 553252 1628365 52028 257599 255870 801 51208 133815 35609 38632 45033 239567 600008 787546 198593 SUPPLIES 361617 TAXES AND LICENSES 231156 REPAIRS AND MAINTENANCE 143978 SUBMERGED LAND LEASE 45731 263358 5923766 522688 978978 446607 306678 607281 661767 179921 140176 130575 147959 18798474 5393240 13807941 13405234 58448 49894 18325 65404 15771786 15756090 691559 572837 517139 523852 13688552 13254547 491812 902381 15389062 15253617 X 382724 502473 382724 502473 15771786 15756090 X 538808 -419059 X X 0 1 X 1 0 137338 137338 13390219 1938461 11451758 2389062 1580705 808357 2881855 1874074 1007781 13405234 DEPOSITS 57254 CAPITAL LEASE PAYABLE 8151 INTEREST RATE SWAP AGREEMENT 789897 457(F) PLAN PAYABLE 47079 902381 X 7282249 819675 819675 6462574 0 6462574 7162500 1238734 1238734 5923766 0 5923766 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: COGS INCLUDED IN EXPENSE PER FS 1,235,688. LOSS ON SALE OF FIXED ASSETS INCLUDED IN EXPENSE PER FS 3,046. ADJUSTMENT FOR INTEREST RATE SWAP -419,059. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN REVENUE PER 990 1,235,688. LOSS ON SALE OF FIXED ASSETS INCLUDED IN REVENUE PER 990 3,046. X X X X 0 1 0 BENJAMIN WAGNER CHIEF FINANCIAL OFFICER 94444 0 69576 0 0 0 4887 0 6007 0 174914 0 0 0 BERNIE KLOPPENBURG CEO 139940 0 67549 0 0 0 56873 0 33490 0 297852 0 0 0 ANTHONY PUCCIO FOOD & BEVERAGE DIRECTOR 128723 0 2500 0 0 0 4312 0 22613 0 158148 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 120 VOLUNTEERS IN A VARIETY OF WAYS. THE 15 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 11 THE FORM 990 IS REVIEWED BY THE CFO, TREASURER AND GENERAL MANAGER, 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 EXECUTIVE COMMITTEE, WHICH IS MADE UP OF INDEPENDENT MEMBERS ELECTED BY THE MEMBERS, USES COMPARABILITY DATA AND AVAILABLE RESOURCES TO THE CLUB TO DELIBERATE AND DETERMINE COMPENSATION OF THE GENERAL MANAGER 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 -419,059. FORM 990, PART XII, LINE 2C NO CURRENT YEAR CHANGES TO AUDIT OVERSIGHT PROCESS.