BETA

LAUDERDALE YACHT CLUB INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
LAUDERDALE YACHT CLUB INC (EIN 59-0326329)
Tax period
2013-05-01 to 2014-04-30
Filed
2015-02-11
IRS object ID
201510429349301581
Schema version
2013v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2015-02-11T14:55:14-06:00ReturnTs
Tax Period End2014-04-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCGLADREY LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11555 PALM BEACH LAKES BLVD SUITEAddressLine1
Address Line2700AddressLine2
CityWEST PALM BEACHCity
StateFLState
ZIP Code33401ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN590326329EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAUDERDALE YACHT CLUB INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlLAUDBusinessNameControlTxt
Phone9545252842PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11725 SOUTHEAST 12TH STREETAddressLine1
CityFORT LAUDERDALECity
StateFLState
ZIP Code333161437ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT L ANDERSONPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9545252842PhoneNum
Signature2015-02-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRANK LUCASPreparerPersonNm
PTINP00995244PTIN
Phone5616971785PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLANG B RYDERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11725 SOUTHEAST 12TH STREETAddressLine1
CityFORT LAUDERDALECity
StateFLState
ZIP Code333161437ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$9,408,397GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressLYC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1938FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee164TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$440,017TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$4,256,394PYProgramServiceRevenueAmt
CY Program Service Revenue$5,999,191CYProgramServiceRevenueAmt
PY Investment Income-$26,238PYInvestmentIncomeAmt
CY Investment Income-$15,444CYInvestmentIncomeAmt
PY Other Revenue$2,040,031PYOtherRevenueAmt
CY Other Revenue$2,056,830CYOtherRevenueAmt
PY Total Revenue$6,270,187PYTotalRevenueAmt
CY Total Revenue$8,040,577CYTotalRevenueAmt
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$3,238,381PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,225,073CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,943,944PYOtherExpensesAmt
CY Other Expenses$2,959,780CYOtherExpensesAmt
PY Total Expenses$6,182,325PYTotalExpensesAmt
CY Total Expenses$6,184,853CYTotalExpensesAmt
PY Revenues Less Expenses$87,862PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,855,724CYRevenuesLessExpensesAmt
Total Assets BOY$11,107,686TotalAssetsBOYAmt
Total Assets EOY$12,880,810TotalAssetsEOYAmt
Total Liabilities BOY$1,543,209TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,460,609TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,564,477NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,420,201NetAssetsOrFundBalancesEOYAmt
MissionLAUDERDALE 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE CLUB PROVIDES RESTAURANT, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.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 Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
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 MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document40IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee164EmployeeCnt
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 ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Initiation Fees And Cap Contri$2,472,741InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$601,279GrossReceiptsForPublicUseAmt
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
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 Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAN GREENBERG DIRECTOR OF FINANCEBusinessNameLine1
FieldValueIRS element (for citing)
Phone9545252842PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11725 SOUTHEAST 12TH STREETAddressLine1
CityFORT LAUDERDALECity
StateFLState
ZIP Code33316ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
LANG B RYDER
COMMODORE1.00Yes (X)Yes (X)$0$0$0
MICHAEL RUDDY MD
VICE COMMODORE1.00Yes (X)Yes (X)$0$0$0
JAMES E LANG MD
REAR COMMODORE1.00Yes (X)Yes (X)$0$0$0
SCOTT L ANDERSON
TREASURER1.00Yes (X)Yes (X)$0$0$0
KENT J FOX
SECRETARY1.00Yes (X)Yes (X)$0$0$0
STEPHANIE J TOOTHAKER
LEGAL OFFICER1.00Yes (X)$0$0$0
THOMAS A LIHAN
FLEET CAPTAIN1.00Yes (X)$0$0$0
ALBERTO CASARETTO MD
FLEET SURGEON1.00Yes (X)$0$0$0
WILLIAM G CRAWFORD JR
FLEET HISTORIAN1.00Yes (X)$0$0$0
JAMES STEIN
GOVERNOR1.00Yes (X)$0$0$0
CHUCK DUNN
GOVERNOR1.00Yes (X)$0$0$0
JOHN A DUNN
GOVERNOR1.00Yes (X)$0$0$0
PETER M COMMETTE
GOVERNOR1.00Yes (X)$0$0$0
MICHAEL MCGINN
GOVERNOR1.00Yes (X)$0$0$0
BILL BRANAN
GOVERNOR1.00Yes (X)$0$0$0
GREGORY BELLOWS
GOVERNOR1.00Yes (X)$0$0$0
RICK J BURGESS
GOVERNOR1.00Yes (X)$0$0$0
CHAD MOSS
GOVERNOR1.00Yes (X)$0$0$0
TED BOHNE
GOVERNOR1.00Yes (X)$0$0$0
RAY M WILLIAMS
GOVERNOR1.00Yes (X)$0$0$0
JASON CALKIN
GENERAL MANAGER55.00Yes (X)$128,696$0$9,104
DAN GREENBERG
DIRECTOR OF FINANCE55.00Yes (X)$94,150$0$6,767
SCOTT PUKYS
DIRECTOR OF TENNIS50.00$173,658$0$9,571Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$396,504TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$25,442TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
DUES & ASSESSMENTS713910$4,728,400$4,728,400
YACHTING713910$388,853$218,378$170,475
DOCKS AND HARBOR713910$368,703$346,650$22,053
TENNIS713910$271,311$271,311
FITNESS713910$105,300$105,300

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$136,624TotalRevenueColumnAmt
Related Or Exempt Func Income$136,624RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$5,999,191TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,945TotalRevenueColumnAmt
Unrelated Business Revenue$4,945UnrelatedBusinessRevenueAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$20,389OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$20,389OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$20,389TotalRevenueColumnAmt
Exclusion-$20,389ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$3,274,238GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,347,431CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,926,807TotalRevenueColumnAmt
Related Or Exempt Func Income$1,684,263RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$242,544UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER FINANCING713910$90,101$90,101
SERVICE CHARGES713910$39,546$39,546
MISCELLANEOUS713910$376$376
FieldValueIRS element (for citing)
Other Revenue Total$130,023OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,040,577TotalRevenueColumnAmt
Related Or Exempt Func Income$7,620,949RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$440,017UnrelatedBusinessRevenueAmt
Exclusion-$20,389ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,654,722TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$570,351TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$14,500TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$492,914TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$28,625TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$579,846TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$290,965TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
REPAIRS & ADMIN.$573,721
FOOD AND BEVERAGE$312,022
ENTERTAINMENT COMMITTEE$281,714
YACHTING COMMITTEE$213,024

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$172,449TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,184,853TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,220,483BOYAmt
EOY$3,767,679EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$784,395BOYAmt
EOY$822,770EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$501,365BOYAmt
EOY$570,784EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$97,129BOYAmt
EOY$72,770EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$89,173BOYAmt
EOY$307,256EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$15,646,191LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,337,253LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,362,757BOYAmt
EOY$7,308,938EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$52,384BOYAmt
EOY$30,613EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,107,686BOYAmt
EOY$12,880,810EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$476,183BOYAmt
EOY$482,228EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$593,658BOYAmt
EOY$563,543EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$473,368BOYAmt
EOY$414,838EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,543,209BOYAmt
EOY$1,460,609EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,564,477BOYAmt
EOY$11,420,201EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,564,477BOYAmt
EOY$11,420,201EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,107,686BOYAmt
EOY$12,880,810EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,855,724ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
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$1,176,052OtherCostOrOtherBasisAmt
Book Value$1,176,052BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,166,164OtherCostOrOtherBasisAmt
Depreciation$4,210,688DepreciationAmt
Book Value$2,955,476BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,824,070OtherCostOrOtherBasisAmt
Depreciation$1,659,364DepreciationAmt
Book Value$1,164,706BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,479,905OtherCostOrOtherBasisAmt
Depreciation$2,467,201DepreciationAmt
Book Value$2,012,704BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,308,938TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,408,397TotalRevEtcAuditedFinclStmtAmt
Other Revenue$1,367,820OtherRevenueAmt
Revenue Not Reported$1,367,820RevenueNotReportedAmt
Revenue Subtotal$8,040,577RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,040,577TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,532,284TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,347,431OtherExpensesIncludedAmt
Expenses Not Reported$1,347,431ExpensesNotReportedAmt
Expenses Subtotal$6,184,853ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,184,853TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 1,347,431. LOSS ON DISPOSITION 20,389.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 1,347,431.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (1)SubstantiationRequiredInd
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

FieldValueIRS element (for citing)
PersonSCOTT PUKYSPersonNm
TitleDIRECTOR OF TENNISTitleTxt
Base Compensation Filing Org$20,953BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$140,495BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$12,210OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$6,975DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$2,596NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$183,229TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonCLYDE WRIGHT IIPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionFORMER COMMODORE (2003 TERM)RelationshipDescriptionTxt
Transaction$308,344TransactionAmt
TransactionTHE 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 Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2TWO OF THE ORGANIZATION'S BOARD OF GOVERNORS, JOHN DUNN AND CHUCK DUNN, ARE BROTHERS.
FORM 990, PART VI, SECTION A, LINE 6THE 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 7ATHE FOLLOWING MEMBERSHIP CATEGORIES CAN PARTICIPATE IN THE ELECTION OF OFFICERS AND GOVERNORS: REGULAR MEMBERS AND SENIOR MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7BNEW 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 11THE 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. THE TREASURER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM.
FORM 990, PART VI, SECTION B, LINE 15THE 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 18THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE CLUB MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CNO CHANGE FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LAUDERDALE YACHT CLUB SAILING FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
EIN271035675EIN
Primary ActivitiesYOUTH SAILING EDUCATION IN SOUTH FLORIDAPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Exempt Code Section501(C)3ExemptCodeSectionTxt
Public Charity StatusLINE 9PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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