SARASOTA YACHT CLUB: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- SARASOTA YACHT CLUB (EIN 59-0436199)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-08-10
- IRS object ID
- 201132229349301528
- Schema version
- 2009v1.7
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-10T15:23:18-05:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUPLEE & SHEA PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 SOUTH OSPREY AVENUE | AddressLine1 |
| City | SARASOTA | City |
| State | FL | State |
| ZIP Code | 342367834 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590436199 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SARASOTA YACHT CLUB | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SARA | NameControl |
| Phone | 9413654191 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 JOHN RINGLING CAUSEWAY | AddressLine1 |
| City | SARASOTA | City |
| State | FL | State |
| ZIP Code | 34236 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN WOELFEL | Name |
| Title | treasurer | Title |
| Phone | 9413654191 | Phone |
| Date Signed | 2011-07-26 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS R CRAMER | Name |
| Phone | 9413663600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | John Woelfel | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 john ringling causeway | AddressLine1 |
| City | sarasota | City |
| State | FL | State |
| ZIP Code | 34236 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5058128 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SARASOTAYACHTCLUB.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1926 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | RECREATIONAL ACTIVITIES | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 52 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 310141 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 4508 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2085675 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3019000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -28842 | InvestmentIncomePriorYear |
| Investment Income Current Year | -59347 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 525455 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1113920 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2582288 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4073573 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1504132 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1993243 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1496894 | OtherExpensePriorYear |
| Other Expenses Current Year | 2784775 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3001026 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4778018 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -418738 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -704445 | RevenuesLessExpensesCY |
| Total Assets BOY | 11327166 | TotalAssetsBOY |
| Total Assets EOY | 17621502 | TotalAssetsEOY |
| Total Liabilities BOY | 8772935 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 15999646 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2554231 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1621856 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE BOATING AND SOCIAL FACILITIES AND SERVICES FOR ITS MEMBERS' ENJOYMENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | THE CLUB PROVIDES FOOD, BEVERAGE, ENTERTAINMENT, AND MARINA FACILITIES FOR MEMBERS AND THEIR GUESTS TO ENCOURAGE YACHTING AND PROFICIENCY IN SEAMANSHIP AND NAVIGATION. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 52 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 52 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Initiation Fees | $1,300,581 | InitiationFeesAmount |
| Gross Receipts | $496,065 | GrossReceiptsAmount |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MICHAEL BORKA | NamePerson |
| Telephone Number | 9413654191 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 JOHN RINGLING CAUSEWAY | AddressLine1 |
| City | sarasota | City |
| State | FL | State |
| ZIP Code | 34236 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| don payzant | ||||||
| boarD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| jEFF BIRNBACH | ||||||
| vice commordore | 2.00 | X | 0 | 0 | 0 | X |
| phil COUTURE | ||||||
| boarD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| doug mampe | ||||||
| bOARD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| sue muir | ||||||
| boarD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| paul OVERSMITH | ||||||
| BOARD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| ken D'AGOSTINO | ||||||
| secreTARY | 2.00 | X | 0 | 0 | 0 | X |
| bob FARRINGTON | ||||||
| boarD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| kay goODMAN | ||||||
| commodore | 2.00 | X | 0 | 0 | 0 | X |
| dr sy rabins | ||||||
| BOARD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| lee goodwin | ||||||
| BOARD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| willa SAALWACHTER | ||||||
| rear commodore | 2.00 | X | 0 | 0 | 0 | X |
| mike mcadaragh | ||||||
| BOARD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| john woelfel | ||||||
| treasurer | 2.00 | X | 0 | 0 | 0 | X |
| pete kujawski | ||||||
| BOARD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| jim tolley | ||||||
| boarD OF DIRECTORS | 2.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Member Dues and Initia | 713990 | 2458728 | 2458728 | |
| Marina Revenue | 713990 | 539547 | 525216 | 14331 |
| sailing program | 713990 | 20725 | 20725 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3019000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10012 | TotalRevenueColumn |
| Unrelated Business Revenue | 10012 | UnrelatedBusinessRevenue |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 69359 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -69359 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -69359 | TotalRevenueColumn |
| Related Or Exempt Function Income | -69359 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1972733 | GrossSalesOfInventory |
| Cost Of Goods Sold | 915196 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1057537 | TotalRevenueColumn |
| Related Or Exempt Function Income | 771739 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 285798 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Minimum Income | 713990 | 48031 | 48031 |
| Miscellaneous Revenue | 713990 | 8352 | 8352 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 56383 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4073573 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3763432 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 310141 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1603667 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4128 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157549 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 227899 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5140 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54762 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 142976 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139170 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27609 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195856 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 588819 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 476843 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64635 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Transition Expense | 465915 |
| Supplies | 188356 |
| Taxes and Licenses | 65222 |
| repairs and maintenance | 45756 |
| Submerged Land Lease | 42634 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 281082 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4778018 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163279 | BOY |
| EOY | 235811 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1695485 | BOY |
| EOY | 241630 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 343480 | BOY |
| EOY | 551739 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54705 | BOY |
| EOY | 103849 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45978 | BOY |
| EOY | 93500 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 17879598 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1637480 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8871384 | BOY |
| EOY | 16242118 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152855 | BOY |
| EOY | 152855 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11327166 | BOY |
| EOY | 17621502 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 764591 | BOY |
| EOY | 492364 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 343685 | BOY |
| EOY | 276233 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7653394 | BOY |
| EOY | 15203995 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11265 | BOY |
| EOY | 27054 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8772935 | BOY |
| EOY | 15999646 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2554231 | BOY |
| EOY | 1621856 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2554231 | BOY |
| EOY | 1621856 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11327166 | BOY |
| EOY | 17621502 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 137338 | InvestmentCostOrOtherBasis |
| Book Value | 137338 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 12643152 | InvestmentCostOrOtherBasis |
| Depreciation | 158100 | Depreciation |
| Book Value | 12485052 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 2003911 | InvestmentCostOrOtherBasis |
| Depreciation | 200449 | Depreciation |
| Book Value | 1803462 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 3095197 | InvestmentCostOrOtherBasis |
| Depreciation | 1278931 | Depreciation |
| Book Value | 1816266 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 16242118 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| deposits | $21,800 |
| Capital Lease Payable | $5,254 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 27054 | TotalOfAmounts |
| Total Revenue | 4073573 | TotalRevenue |
| Total Expenses | 4778018 | TotalExpenses |
| Excess Or Deficit For Year | -704445 | ExcessOrDeficitForYear |
| Other | -$227,930 | OtherAmount |
| Total Adjustments | -227930 | TotalAdjustments |
| Excess Or Deficit Per FS | -932375 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5058128 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 5058128 | RevenueSubtotal |
| Other Revenues Not Included | -984555 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -984555 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4073573 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5762573 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 984555 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 984555 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4778018 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4778018 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XI, Line 8 - Other Adjustments: | Member donations for new building project: 62875. prior period adjustment: -290805. |
| Part XII, Line 4b - Other Adjustments: | Cost of goods sold: -915196. loss on disposal of assets: -69359. |
| Part XIII, Line 2d - Other Adjustments: | Cost of goods sold: 915196. Loss on disposal of assets: 69359. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 governors are elected by a vote of equity 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 18 | The organization is a private entity and therefore only makes its tax forms available to its members. Tax information is provided to financial institutions, potential members, and other persons or entities as the Board of Directors sees fit. |
| Form 990, Part VI, Section C, line 19 | The organization is a private entity and therefore only makes its policies and audited financial statements 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. |
Comments