2013-08-09T14:47:57-05:00 2012-09-30 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2011-10-01 590436199 SARASOTA YACHT CLUB SARA 9419529451 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 DICK GRAVINO 9413654191 2013-08-08 1 REBECCA U STONER P00585910 9413654617 2011 2016-02-24 21:20:13Z DICK GRAVINO 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 6138813 0 X WWW.SARASOTAYACHTCLUB.ORG X 1926 FL RECREATIONAL ACTIVITIES 15 15 79 0 581518 -219 0 0 3290174 3469492 627 -12375 1515921 1455780 4806722 4912897 0 0 0 0 2273826 2174311 0 0 0 3494548 2950214 5768374 5124525 -961652 -211628 16790565 16401532 16130361 15952956 660204 448576 X THE SARASOTA YACHT CLUB IS A PRIVATE CLUB THAT EXISTS FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERS. IT SHALL PROVIDE ITS MEMBERS WITH A WELL-ROUNDED BOATING PROGRAM AND A FIRST CLASS MARINA. IT SHALL OFFER MEMBERS AND THEIR GUESTS EXCELLENT DINING AND PERSONALIZED SERVICE IN AN ATTRACTIVE, WELL-MAINTAINED FACILITY. THE CLUB SHALL OFFER A WIDE RANGE OF SOCIAL ACTIVITIES AND SHALL FOSTER WARM AND FRIENDLY RELATIONSHIPS AMONG ITS MEMBERS. IT SHALL BE A GOOD CITIZEN AND A POSITIVE INFLUENCE IN THE COMMUNITY. THE CLUB SHALL BE OPERATED ON A FISCALLY RESPONSIBLE BASIS. 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 0 1 6 0 1 79 1 1 1 0 0 0 0 1242933 929182 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 MICHAEL BORKA 9413654191 1100 JOHN RINGLING CAUSEWAY SARASOTA FL 34236 DON PAYZANT 2.00 X 0 0 0 TIM CLARK 2.00 X 0 0 0 PAUL OVERSMITH 2.00 X 0 0 0 BOBBY OVERALL 2.00 X 0 0 0 WAYNE SEAL 2.00 X 0 0 0 MIKE MCADARAGH 2.00 X 0 0 0 MARK MILLER 2.00 X 0 0 0 RICHARD MCCAFFERY 2.00 X 0 0 0 RUTH HARSHMAN 2.00 X 0 0 0 ALEX LANCASTER 2.00 X 0 0 0 PETE KUJAWSKI 2.00 X X 0 0 0 KEN D'AGOSTINO 2.00 X X 0 0 0 LEE GOODMAN 2.00 X X 0 0 0 WILLA SAALWAECHTER 2.00 X X 0 0 0 RICHARD GRAVINO 2.00 X X 0 0 0 MICHAEL BORKA 40.00 X 78553 0 14484 BERNIE KLOPPENBURG 40.00 X 143149 0 33914 221702 0 48398 1 0 1 0 0 MEMBER DUES AND INITIA 713990 2798136 2798136 MARINA REVENUE 713990 629107 571707 57400 SAILING PROGRAM 713990 42249 42249 3469492 245 245 1500 14120 -12620 -12620 -12620 2604167 1211796 1392371 868498 523873 MINIMUM INCOME 713990 48136 48136 MISCELLANEOUS REVENUE 713990 15273 15273 63409 4912897 4343999 581518 -12620 333887 1438138 3747 126884 271655 23480 78812 99428 45931 41396 262014 622034 785817 179550 TAXES AND LICENSES 236020 SUPPLIES 215572 REPAIRS AND MAINTENANCE 129813 SUBMERGED LAND LEASE 43235 187112 5124525 9548 39893 349253 515752 531290 488537 143456 129552 91399 108835 18167006 3147727 15591510 15019279 74109 81359 0 18325 16790565 16401532 525439 641405 283588 346540 15200000 14861328 121334 103683 16130361 15952956 X 660204 448576 660204 448576 16790565 16401532 -211628 0 X X 0 1 1 X 0 137338 137338 13248932 867393 12381539 2123091 769764 1353327 2657645 1510570 1147075 15019279 DEPOSITS 88125 CAPITAL LEASE PAYABLE 15558 103683 4912897 5124525 -211628 -211628 6137313 1224416 1224416 4912897 0 4912897 6348941 1224416 1224416 5124525 0 5124525 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSE PER FS 1,211,796. LOSS ON SALE OF FIXED ASSETS INCLUDED IN EXPENSE PER FS 12,620. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN REVENUE PER 990 1,211,796. LOSS ON SALE OF FIXED ASSETS INCLUDED IN REVENUE PER 990 12,620. 0 0 0 BERNIE KLOPPENBURG 111154 0 31995 0 0 0 22500 0 11414 0 177063 0 0 0 NUMBER OF W-2'S FILED FORM 990, PART V, LINE 2A SINCE ALL EMPLOYEES WERE LEASED, FORM W-3 WAS NOT REQUIRED TO BE FILED BY THE CLUB. THE TOTAL ON LINE 2A REPRESENTS THE NUMBER OF "LEASED" EMPLOYEES WHO WORKED AT THE CLUB DURING THE CALENDAR YEAR 2011. 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 ANY AMENDMENT TO THE BY-LAWS IS SUBJECT TO A VOTE AND MAJORITY APPROVAL BY THE MEMBERS IF 50 OR MORE MEMBERS PETITION THE BOARD FOR A VOTE. IN ADDITION, AT ANYTIME, 50 OR MORE MEMBERS MAY PETITION THE BOARD FOR AN AMENDMENT TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CONTROLLER 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. AUDIT REVIEW PROCESS FORM 990, PART XII, LINE 2C THE AUDIT REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.