2013-11-11T09:52:39-06:00 2013-04-30 420714325 MCGLADREY LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2012-05-01 590326329 LAUDERDALE YACHT CLUB INC LAUD 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 333161437 SCOTT L ANDERSON 9545252842 2013-11-11 1 FRANK LUCAS P00995244 5616971785 2012 2016-02-24 21:20:13Z LANG B RYDER 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 333161437 7593229 0 X LYC.ORG X 1968 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 178 15 319149 0 0 0 4834510 4256394 -2677 -26238 1931572 2040031 6763405 6270187 0 0 0 0 3231831 3238381 0 0 0 3096387 2943944 6328218 6182325 435187 87862 11093037 11107686 1616422 1543209 9476615 9564477 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 1 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 28 0 1 178 1 1 1 0 0 0 1 1 664502 512039 0 X 15 15 1 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 0 1 1 0 X DAN GREENBERG DIRECTOR OF FINANCE 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 33316 LANG B RYDER 1.00 X X 0 0 0 MICHAEL RUDDY MD 1.00 X X 0 0 0 JAMES E LANG MD 1.00 X X 0 0 0 SCOTT L ANDERSON 1.00 X X 0 0 0 KENT J FOX 1.00 X X 0 0 0 STEPHANIE J TOOTHAKER 1.00 X 0 0 0 THOMAS A LIHAN 1.00 X 0 0 0 ALBERTO CASARETTO MD 1.00 X 0 0 0 WILLIAM G CRAWFORD JR 1.00 X 0 0 0 JAMES STEIN 1.00 X 0 0 0 CHUCK DUNN 1.00 X 0 0 0 JOHN A DUNN 1.00 X 0 0 0 PETER M COMMETTE 1.00 X 0 0 0 MICHAEL MCGINN 1.00 X 0 0 0 BILL BRANAN 1.00 X 0 0 0 GREGORY BELLOWS 1.00 X 0 0 0 RICK J BURGESS 1.00 X 0 0 0 CHAD MOSS 1.00 X 0 0 0 TED BOHNE 1.00 X 0 0 0 RAY M WILLIAMS 1.00 X 0 0 0 JASON CALKIN 55.00 X 131517 0 8901 DAN GREENBERG 55.00 X 92960 0 6202 SCOTT PUKYS 50.00 X 158069 0 8519 KEVIN MARTIN 50.00 X 136688 0 8298 519234 0 31920 3 0 1 0 0 DUES & ASSESSMENTS 713910 3020787 3020787 YACHTING 713910 368095 368095 DOCKS AND HARBOR 713910 352167 320349 31818 TENNIS 713910 240093 240093 FITNESS 713910 107941 107941 167311 167311 4256394 944 944 300 27482 -27182 -27182 -27182 3188532 1295560 1892972 1606585 286387 MEMBER FINANCING 713910 74076 74076 SERVICE CHARGES 713910 71093 71093 MISCELLANEOUS 713910 1890 1890 147059 6270187 5978220 319149 -27182 2650247 588134 8140 480267 34725 644459 260311 REPAIRS & ADMIN. 603568 FOOD AND BEVERAGE 275725 ENTERTAINMENT COMMITTEE 255199 YACHTING COMMITTEE 198560 182990 6182325 1783481 2220483 790824 784395 420450 501365 93313 97129 262542 89173 15263033 7900276 7725444 7362757 16983 52384 11093037 11107686 470656 476183 607516 593658 538250 473368 1616422 1543209 X 9476615 9564477 9476615 9564477 11093037 11107686 87862 0 X X 0 1 X 1 0 1176052 1176052 7102960 4014730 3088230 2711967 1532856 1179111 4272054 2352690 1919364 7362757 X 7592929 1322742 1322742 6270187 0 6270187 7477885 1295560 1295560 6182325 0 6182325 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 1,295,560. LOSS ON DISPOSITION 27,182. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,295,560. 1 X X X 0 0 0 SCOTT PUKYS 33275 0 114453 0 10341 0 5909 0 2610 0 166588 0 0 0 CLYDE WRIGHT II FORMER COMMODORE (2003 TERM) 260483 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. THE TREASURER REVIEWS FORM 990 WITH ITS 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 AND 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