2026-08-07T09:41:26-05:00 2025-09-30 420714325 RSM US LLP 1555 PALM BEACH LAKES SUITE 500 WEST PALM BEACH FL 33401 990 2024-10-01 590436199 SARASOTA YACHT CLUB SARA 9413654191 1100 JOHN RINGLING BOULEVARD SARASOTA FL 34236 DON ELLIS TREASURER 9413654191 2026-07-24 1 0 CHRISTOPHER CECIL P01877773 5616971785 2026-07-24 2024 2025-03-06 01:10:19Z ROBERT MILLIGAN 1100 JOHN RINGLING BOULEVARD SARASOTA FL 34236 12076318 0 X WWW.SARASOTAYACHTCLUB.ORG X 1926 FL RECREATIONAL ACTIVITIES 9 9 123 95 1147880 281791 0 0 5652351 5979637 103449 292790 3665204 3434432 9421004 9706859 0 0 0 0 5633047 5986365 0 0 0 4554871 4678165 10187918 10664530 -766914 -957671 25224851 29313158 10383260 11493379 14841591 17819779 THE WORLD-CLASS, AWARD WINNING SARASOTA YACHT CLUB IS HOME TO A DIVERSE MEMBERSHIP AND PROFESSIONAL STAFF WHO INSPIRE LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN OUR CULTURALLY-RICH WATERFRONT CITY. 0 0 SYC BRAND STATEMENTTO PEOPLE WHO ENJOY BEING ON OR AROUND THE WATER AND CONNECTING WITH FRIENDS THAT HAVE SIMILAR INTEREST, SARASOTA YACHT CLUB IS THE PREMIER WORLD-CLASS YACHT CLUB THAT DELIVERS THE YACHTING LIFESTYLE EXPERIENCE INSPIRING LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN ANUPSCALE, WATERFRONT LOCATION WITH AWARD WINNING DINING, A CLEAN, FULL-SERVICE MARINA, AND ENGAGING ACTIVITIES IN A FAMILY-FRIENDLY WELCOMING ENVIRONMENT. IN OUR CULTURALLY RICH CITY, ONLY SYC HAS A UNIQUE WATERFRONT LOCATION, DIVERSE ACTIVE MEMBERS, AND PROFESSIONAL STAFF. 0 0 0 0 0 0 0 0 0 1 1 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 1 45 0 1 123 1 1 1 0 0 0 0 347500 1433129 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JENNIFER ROMERO 9413654191 1100 JOHN RINGLING BOULEVARD SARASOTA FL 34236 HARRY ANAND COMMODORE 1.00 X X 0 0 0 ROBERT MILLIGAN VICE COMMODORE 1.00 X X 0 0 0 RYAN LODGE REAR COMMODORE 1.00 X X 0 0 0 JEFF RAY TREASURER 1.00 X X 0 0 0 PHIL JOHNSON SECRETARY 1.00 X X 0 0 0 GERARD EZCURRA DIRECTOR 1.00 X 0 0 0 GROVER TRASK DIRECTOR 1.00 X 0 0 0 VALERIE LINDSAY DIRECTOR 1.00 X 0 0 0 NICHI MARTIN DIRECTOR 1.00 X 0 0 0 ROGER BYRNE DIRECTOR 1.00 X 0 0 0 MARY TAYLOR DIRECTOR 1.00 X 0 0 0 KAREN HARMON GM/COO 40.00 X 408616 0 55498 JENNIFER ROMERO CHIEF FINANCIAL OFFICER 40.00 X 239262 0 44705 MAX MIRANDA DIRECTOR OF CLUBHOUSE OPERATIONS 40.00 X 208154 0 17399 BRUCE BAILEY EXECUTIVE CHEF 40.00 X 173739 0 16456 NERMIN GEBRAIL HR DIRECTOR 40.00 X 131049 0 17176 JEFFERY MASSEY MEMBERSHIP DIRECTOR 40.00 X 124571 0 14480 KAREN ROMAN CATERING DIRECTOR 40.00 X 149597 0 15322 DEREK LANE BANQUET MANAGER 40.00 X 108040 0 13280 1543028 0 194316 8 0 1 0 0 MEMBERSHIP DUES 713910 4619760 4619760 SLIPS 713910 935771 935771 MARINA INCOME 713910 282673 282673 MINIMUM INCOME AND ROOM RENTAL 713910 141433 141433 5979637 331202 331202 38412 -38412 -38412 -38412 5273128 2331047 2942081 2125403 816678 WAITLIST INITIATION FEES 713910 347500 347500 FINANCE AND ADMINISTRATIVE CHARGE 713910 144851 144851 492351 9706859 8597391 1147880 -38412 4352457 1633908 257379 1080575 192726 INCOME TAX 31464 MARINA OPERATIONS 1162348 ADMINISTRATIVE & GENERA 765389 FOOD & BEVERAGE 454408 733876 10664530 3292048 4307475 829145 780684 398010 423211 259989 421206 25699304 12082410 11961647 13616894 7822592 8972396 661420 791292 25224851 29313158 1164491 1197625 442607 319576 8649796 9242253 126366 733925 10383260 11493379 X 14841591 17819779 14841591 17819779 25224851 29313158 X -957671 30684 3905175 X X 0 1 X 1 0 137338 137338 15140543 7737120 7403423 5129674 2621366 2508308 5291749 1723924 3567825 13616894 US TREASURY SECURITIES 8972396 C 8972396 OPERATING LEASE LIABILITY 247624 REFUNDABLE DEPOSITS 486301 733925 X 12037126 30684 30684 12006442 -2299583 -2299583 9706859 12964113 2299583 2299583 10664530 0 10664530 PART X, LINE 2: 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 INCOME TAX TOPIC OF THE FASB ASC. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES RECLASS -2,331,047. INCOME TAX EXPENSE 31,464. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 2,331,047. INCOME TAX -31,464. X X X X 0 0 0 KAREN HARMON GM/COO 304795 0 103821 0 0 0 16345 0 39153 0 464114 0 0 0 JENNIFER ROMERO CHIEF FINANCIAL OFFICER 182155 0 57107 0 0 0 9570 0 35135 0 283967 0 0 0 MAX MIRANDA DIRECTOR OF CLUBHOUSE OPERATIONS 166709 0 41445 0 0 0 8326 0 9073 0 225553 0 0 0 BRUCE BAILEY EXECUTIVE CHEF 151239 0 22500 0 0 0 6950 0 9506 0 190195 0 0 0 KAREN ROMAN CATERING DIRECTOR 139397 0 10200 0 0 0 5984 0 9338 0 164919 0 0 0 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 ACCLAMATION UNLESS THERE IS A PETITION. FORM 990, PART VI, SECTION A, LINE 7B FIFTEEN (15) PERCENT OF THE VOTING MEMBERS ENTITLED TO VOTE MAY PRESENT A PROPOSAL FOR AMENDMENT TO THESE BYLAWS, USING THE FOLLOWING PROCEDURES: A) THE SPECIFIC PROPOSAL SHALL BE DELIVERED TO THE CLUB'S SECRETARY AT LEAST SIXTY (60) DAYS PRIOR TO THE ANNUAL MEETING; B) AT LEAST 30 DAYS PRIOR TO THE MEETING AT WHICH THE PROPOSAL WILL BE CONSIDERED, THE SPECIFIC PROPOSAL SHALL BE POSTED ON THE CLUB'S BULLETIN BOARD AND PROVIDED TO ALL MEMBERS ENTITLED TO VOTE, TOGETHER WITH AN EXPLANATION OF THE PURPOSE OF THE PROPOSED AMENDMENT AND THE BOARD'S STATEMENT ON ITS MERITS; C) THE BALLOT FOR THE VOTE MUST PERMIT THE MEMBER TO VOTE FOR OR AGAINST THE SPECIFIC PROPOSAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO, TREASURER AND COO, COMPARED TO THE AUDITED FINANCIAL STATEMENTS AND INTERNAL REPORTS, THEN PRESENTED TO THE GOVERNING BOARD FOR SUBSEQUENT REVIEW AND APPROVAL. 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 AND ON AN ANNUAL BASIS. 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 COMPENSATION COMMITTEE, WHICH IS MADE UP OF INDEPENDENT MEMBERS ELECTED BY THE BOARD OF DIRECTORS, USES COMPARABILITY DATA AND AVAILABLE RESOURCES TO THE CLUB TO DELIBERATE AND DETERMINE COMPENSATION OF THE COO. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE, THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST, AND THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION CONTRIBUTIONS 1,550,200. CAPITAL ASSESSMENTS 2,354,975. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.