2013-02-13T13:25:07-06:00 2012-03-31 420714325 MCGLADREY LLP 1555 PALM BEACH LAKES BLVD STE 700 WEST PALM BEACH FL 33401 990 2011-04-01 590798689 KEY BISCAYNE YACHT CLUB INC KEYB 3053619171 180 HARBOR DRIVE KEY BISCAYNE FL 33149 HORTENSIA HACKER 3053619171 2013-02-13 1 FRANK LUCAS P00995244 5616971785 2011 2016-02-25 16:41:14Z MARK FRIED 180 HARBOR DRIVE KEY BISCAYNE FL 33149 4970637 0 X KBYC.ORG X 1955 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 18 18 73 18 268475 6583 0 0 1988852 2049141 -18661 -11715 1488595 1511370 3458786 3548796 0 0 0 0 1598537 1543057 0 0 0 1787588 1829774 3386125 3372831 72661 175965 7443450 7635378 359995 375958 7083455 7259420 KEY BISCAYNE YACHT CLUB, INC. 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 AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 73 1 1 1 0 0 0 1 1 310325 450575 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X PAULA LOBUGLIO CONTROLLER 3053619171 180 HARBOR DRIVE KEY BISCAYNE FL 331491394 MARK FRIED 1.00 X X 0 0 0 HORTENSIA S HACKER 1.00 X X 0 0 0 DWIGHT C HEWETT 1.00 X X 0 0 0 ANA ROSEMARY SALA RIFKIN 1.00 X X 0 0 0 LARRY DEITCH 1.00 X X 0 0 0 MICHAEL BRACKEN 1.00 X 0 0 0 STEPHEN H CARTER 1.00 X 0 0 0 YORK FLIK 1.00 X 0 0 0 JACQUIE GREENE 1.00 X 0 0 0 JOSEPH W GRIFFITHS 1.00 X 0 0 0 PETER R HARRISON 1.00 X 0 0 0 EDUARDO HARNANDEZ 1.00 X 0 0 0 LUIS LAMAR 1.00 X 0 0 0 ROBIN MACKLIN 1.00 X 0 0 0 RICHARD H NEVE 1.00 X 0 0 0 MICHAEL RICE 1.00 X 0 0 0 JOHN R SOUTHAM 1.00 X 0 0 0 NANCY TELLAM 1.00 X 0 0 0 JERRY CLEMENS 40.00 X 131281 0 0 PAULA LOBUGLIO 40.00 X 73458 0 0 204739 0 0 1 0 0 0 CAS CONTRACTORS 3155 NW 82ND AVENUE SUITE 102 MIAMI FL 33122 GENERAL CONTRACTOR 1017469 CURRIE SOWARDS AGUILA ARCHITECTS 134 NE 1ST AVENUE DELRAY BEACH FL 33444 ARCHITECT 109015 2 MEMBERSHIP DUES 713910 1794852 1794852 SAILING PROGRAM 713910 143241 75416 67825 UNUSED SPENDING REQUIR 713910 63700 63700 MARINE 713910 42293 42293 TENNIS 713910 4652 4652 403 403 2049141 24792 24792 36507 -36507 -36507 -36507 2841787 1385334 1456453 1280595 175858 MISCELLANEOUS 713910 54917 54917 54917 3548796 3316828 268475 -36507 1225433 317624 320360 CLUB 453987 PROPERTY TAXES 394890 ADMINISTRATIVE & GENERA 186426 FOOD & BEVERAGE 167812 306299 3372831 3373634 2616272 415789 460177 92710 86925 129984 118441 7475814 3123256 3430328 4352558 1005 1005 7443450 7635378 325420 330208 34575 45750 359995 375958 X 7083455 7259420 7083455 7259420 7443450 7635378 X 175965 0 X X 0 1 1 X 0 586085 586085 2195058 1018188 1176870 4538208 2105068 2433140 156463 156463 4352558 3548796 3372831 175965 175965 4934130 1385334 1385334 3548796 0 3548796 4758165 1385334 1385334 3372831 0 3372831 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE 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 XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,385,334. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,385,334. 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 THERE ARE TWO MEMBERSHIP CATEGORIES: REGULAR MEMBERSHIP AND EQUITY MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B ALL BY-LAW CHANGES, DUES INCREASES AND ASSESSMENTS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE FLAG (COMMODORE, VICE COMMODORE, REAR COMMODORE, SECRETARY AND TREASURER). THE FLAG REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF THE KEY BISCAYNE YACHT CLUB IS DESIGNED TO ASSURE APPROPRIATE DISCLOSURE AND APPROVAL FOR TRANSACTIONS IN WHICH A GOVERNOR, FLAG OFFICER OR KEY EMPLOYEE (THOSE EMPLOYEES THAT HAVE OR SHARE ORGANIZATION-WIDE CONTROL OR INFLUENCE SIMILAR TO THAT OF A FLAG OFFICER OR GOVERNOR) MAY HAVE AN APPARENT OR POTENTIAL CONFLICT OF INTEREST. THE POLICY IS INTENDED TO PROVIDE A PROCEDURE FOR THE DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT MAY ARISE AS A RESULT OF SUCH ACTIVITIES AND TO PROVIDE AN APPROPRIATE MEANS OF ADDRESSING THEM. FORM 990, PART VI, SECTION B, LINE 15 THE FLAG (COMMODORE, VICE COMMODORE, REAR COMMODORE, SECRETARY, AND TREASURER) AND BOARD OF GOVERNORS MEETS TO DISCUSS AND APPROVE COMPENSATION FOR THE CEO. THE CEO THEN DETERMINES COMPENSATION FOR ALL OTHER POSITIONS. THIS PROCESS INCLUDES THE USE OF COMPARABILITY DATA FOR SIMILAR QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR CLUBS. THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS ARE DOCUMENTED AS WELL. 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR