2012-12-17T08:17:23-06:00 2012-04-30 420714325 MCGLADREY LLP 1555 PALM BEACH LAKES BLVD SUITE 70 WEST PALM BEACH FL 33401 990 2011-05-01 590326329 LAUDERDALE YACHT CLUB INC LAUD 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 333161437 CHUCK DUNN 9545252842 2012-12-17 1 FRANK LUCAS P00995244 5616971785 2011 2016-02-24 21:20:13Z HARRY K MOON MD 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 333161437 7927471 0 X LYC.ORG X 1968 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 184 0 261479 0 0 0 4836857 4834510 -33089 -2677 1894217 1931572 6697985 6763405 0 0 0 0 3197085 3231831 0 0 0 2930334 3096387 6127419 6328218 570566 435187 11054342 11093037 2012914 1616422 9041428 9476615 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 0 1 34 0 1 184 1 1 1 0 0 0 1 1 1279989 413551 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 X DAN GREENBERG DIRECTOR OF FINANCE 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 33316 X HARRY K MOON MD 1.00 X X 0 0 0 LANG B RYDER 1.00 X X 0 0 0 MICHAEL RUDDY MD 1.00 X X 0 0 0 CHUCK DUNN 1.00 X X 0 0 0 STEVE HYAT 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 GEORGE L CALDWELL JR MD 1.00 X 0 0 0 WILLIAM G CRAWFORD JR 1.00 X 0 0 0 JAMES E LANG MD 1.00 X 0 0 0 ROBERT J MEAGHER III 1.00 X 0 0 0 FRED W REINEKE MD 1.00 X 0 0 0 PETER M COMMETTE 1.00 X 0 0 0 MICHAEL MCGINN 1.00 X 0 0 0 ROBERT J POPE JR 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 DARREN BETZ 55.00 X 207491 0 24072 DAN GREENBERG 55.00 X 80462 0 4757 SCOTT PUKYS 50.00 X 165966 0 6678 KEVIN MARTIN 50.00 X 126385 0 7367 580304 0 42874 3 0 1 0 0 DUES & ASSESSMENTS 713910 3633687 3633687 DOCKS AND HARBOR 713910 349174 320006 29168 YACHTING 713910 345610 345610 TENNIS 713910 227849 227849 FITNESS 713910 107806 107806 170384 170384 4834510 105 105 1000 3782 -2782 -2782 -2782 2917308 1160284 1757024 1524818 232206 SERVICE CHARGES 713910 97785 97785 MEMBER FINANCING 713910 70938 70938 MISCELLANEOUS 713910 5825 5825 174548 6763405 6504708 261479 -2782 2676525 555306 16500 462266 38902 689009 266545 REPAIRS & ADMIN. 552242 FOOD AND BEVERAGE 284554 ENTERTAINMENT COMMITTEE 241278 YACHTING COMMITTEE 195271 349820 6328218 1612481 1783481 715574 790824 328219 420450 114902 93313 265705 262542 15146284 7420840 7999441 7725444 18020 16983 11054342 11093037 391483 470656 565872 607516 598954 538250 456605 0 2012914 1616422 X 9041428 9476615 9041428 9476615 11054342 11093037 435187 0 X X 0 1 1 X 0 1176052 1176052 7104554 3776175 3328379 2723592 1447629 1275963 4142086 2197036 1945050 7725444 6763405 6328218 435187 435187 7926471 1163066 1163066 6763405 0 6763405 7488502 1160284 1160284 6328218 0 6328218 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,160,284. LOSS ON DISPOSITION 2,782. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,160,284. 1 X X X X 0 0 0 DARREN BETZ 143916 0 51814 0 11761 0 5547 0 18525 0 231563 0 0 0 SCOTT PUKYS 33250 0 121858 0 10858 0 4420 0 2258 0 172644 0 0 0 CLYDE WRIGHT II FORMER COMMODORE (2003 TERM) 255572 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 0 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 12C MONITORING OF THE CONFLICT OF INTEREST POLICY IS PERFORMED MONTHLY AT THE BOARD OF GOVERNORS' MEETINGS. 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, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OR FOR INSPECTION ON THE CLUB'S PREMISES. FORM 990, PART VII, SECTION A THE DIFFERENCE BETWEEN THE AMOUNT OF MEMBERS NOTED IN FORM 990, PART VI, SECTION A LINES 1A & 1B AND FORM 990, PART VII, SECTION A IS DUE TO SIX MEMBERS WHO DO NOT HAVE VOTING RIGHTS. THESE OFFICERS ARE CONSIDERED STAFF OFFICERS AND HOLD THE FOLLOWING POSITIONS: TREASURER, SECRETARY, LEGAL OFFICER, FLEET CAPTAIN, FLEET SURGEON AND FLEET HISTORIAN. 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