2021-08-16T16:10:31-05:00 2020-12-31 205991824 SC&H GROUP INC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2020-01-01 520227500 THE ANNAPOLIS YACHT CLUB INC ANNA 4102639147 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 214040908 JONATHAN BARTLETT COMMODORE 4102639147 2021-07-29 1 JONATHAN BARTLETT XXX-XX-XXXX LORI S BURGHAUSER P00370694 4104031500 2021-07-29 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JONATHAN BARTLETT 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 214040908 12051508 0 X WWW.ANNAPOLISYC.COM X 1937 MD SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 10 10 292 200 348740 56697 0 0 6491852 6295315 209396 72805 5874855 3755505 12576103 10123625 0 0 0 0 5747170 5244987 0 0 0 4510979 4928360 10258149 10173347 2317954 -49722 61837549 61132793 28279502 27624468 33558047 33508325 X THE ANNAPOLIS YACHT CLUB'S MISSION IS TO ENCOURAGE AND SUPPORT A WIDE RANGE OF BOATING ACTIVITIES, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ASSOCIATED FACILITIES FOR THE RECREATIONAL AND SOCIAL USE OF ITS MEMBERS. 0 1 THE CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 39 0 292 1 1 1 0 0 0 1 1 0 0 708726 436767 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANNE CONNOLLY 4102639147 2 COMPROMISE STREET ANNAPOLIS MD 21401 BRIAN ASCH GENERAL MANAGER 40.00 X 434691 0 24487 MICHAEL HERR EXECUTIVE CHEF 40.00 X 164916 0 20526 TRACIE PARKINSON HR/MEMBERSHIP DIRECTOR 40.00 X 145125 0 18356 ANNE CONNOLLY DIRECTOR OF FINANCE 40.00 X 138330 0 10097 LEO LUISTRO ASSISTANT GENERAL MANAGER 40.00 X 138010 0 10123 JONATHAN BARTLETT COMMODORE 1.00 X X 0 0 0 JAMES ELLIS PAST COMMODORE 1.00 X X 0 0 0 C EDWARD HARTMAN III VICE COMMODORE 1.00 X X 0 0 0 ROBERT SHAPIRO FLEET CAPTAIN 1.00 X X 0 0 0 TIMOTHY CUSACK REAR COMMODORE 1.00 X X 0 0 0 JENNIFER WULFF SECRETARY 1.00 X X 0 0 0 PAUL PARKS TREASURER 1.00 X X 0 0 0 CHRIS BELL GENERAL MEMBER 1.00 X 0 0 0 TED KACZMARSKI GENERAL MEMBER 1.00 X 0 0 0 MICHAEL MULLIGAN GENERAL MEMBER 1.00 X 0 0 0 1021072 0 83589 5 0 1 0 SMART COMPUTING SOLUTIONS 111 FORBES STREET ANNAPOLIS MD 21401 TECHNOLOGY 114707 1 MEMBERSHIP DUES 713910 5775117 5775117 JUNIOR FLEET 713910 432736 432736 YACHT RACES 713990 87462 87462 6295315 61705 61705 11100 0 11100 11100 11100 4179804 1927883 2251921 1965886 286035 INITIATION FEE 713910 708726 708726 BOATYARD/SLIP RENTAL 531120 567752 566752 1000 OTHER INCOME 713910 227106 227106 1503584 10123625 9763785 348740 11100 607605 3662009 32657 628883 313833 7708 3491 43025 18672 145373 519182 786016 1934875 165000 UBIT - FEDERAL AND STAT 16258 REPAIRS & MAINTENANCE 432492 CLUBHOUSE OPERATIONS 177268 JUNIOR FLEET 169122 509878 10173347 545775 483443 8930038 10015272 4560451 4405405 218494 146861 289692 326205 200670 171831 52524861 6941085 47092429 45583776 61837549 61132793 860239 656986 7967674 8175276 19451589 18792206 28279502 27624468 X 33558047 33508325 33558047 33508325 61837549 61132793 -49722 0 X X 0 1 X 1 0 5106601 5106601 39400357 2401492 36998865 8017903 4539593 3478310 45583776 X 12051508 1927883 1927883 10123625 0 10123625 12101230 1927883 1927883 10173347 0 10173347 PART X, LINE 2: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AS WELL AS, GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CLUB RECOGNIZES INTEREST AND PENALTIES ACCRUED ON UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE CLUB DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF DECEMBER 31, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,927,883. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,927,883. X X X 0 0 0 BRIAN ASCH GENERAL MANAGER 315443 0 119248 0 0 0 4499 0 19988 0 459178 0 0 0 MICHAEL HERR EXECUTIVE CHEF 143407 0 21509 0 0 0 2123 0 18403 0 185442 0 0 0 TRACIE PARKINSON HR/MEMBERSHIP DIRECTOR 121861 0 23264 0 0 0 3614 0 14742 0 163481 0 0 0 ROBERT SHAPIRO INDIRECT BUSINESS 114707 THE ANNAPOLIS YACHT CLUB INC PURCHASED APPROXIMATELY $114,707 IN TECHNOLOGY SERVICES FROM SMART COMPUTING SOLUTIONS. ONE OF THE BOARD MEMBERS OF THE ANNAPOLIS YACHT CLUB INC, MR. ROBERT SHAPIRO, IS THE OWNER OF THE COMPANY. ALL TRANSACTIONS WERE AT FAIR MARKET VALUE AND NEGOTIATED AT ARM'S LENGTH. 0 FORM 990, PART III, LINE 3 IN 2020, ANNAPOLIS YACHT CLUB ("AYC") COMPLIED WITH ALL STATE, COUNTY AND LOCAL JURISDICTIONS' MANDATES FOR COVID SAFETY MEASURES, CAPACITY RESTRICTIONS AND CLOSURES. IN MID-MARCH, FOOD AND BAR SERVICE OPERATIONS CEASED IN LINE WITH STATE REQUIREMENTS. IN LATE APRIL, AYC WAS ABLE TO ADD CARRYOUT SERVICES TO IT MEMBERSHIP WITH CURBSIDE PICKUP AND STRINGENT SAFETY MEASURES. IN LATE MAY, OUTDOOR DINING WAS ALLOWED WITH SPACING AND CAPACITY RESTRICTIONS. IN MID-JUNE, INDOOR DINING AT 50% CAPACITY WAS ALLOWED. BAR SERVICE WAS NOT OPENED, PER RESTRICTIONS, FOR THE ENTIRE YEAR. BANQUET OPERATIONS WERE SEVERELY CURTAILED AS CAPACITY AND SPACING LIMITATIONS WERE KEPT IN PLACE. POOL USAGE WAS ALSO RESTRICTED AS TO CAPACITY AND RESERVATIONS WERE REQUIRED TO ENSURE COMPLIANCE. IN ADDITION TO REVENUE REDUCTIONS, EXPENSES RELATED TO COVID SAFETY PROCEDURES INCREASED TO COVER CLEANING LABOR AND SUPPLIES AND MASKS FOR EMPLOYEES. THE IMPACT OF THE COVID PANDEMIC WAS FAR REACHING IN THE CLUB'S OPERATION AND SIGNIFICANTLY IMPACTED THE CLUB IN 2020. FORM 990, PART VI, SECTION A, LINE 6 AS A SOCIAL ORGANIZATION, THE ANNAPOLIS YACHT CLUB, INC. HAS MEMBERS WHO PAY MEMBERSHIP DUES IN ORDER TO UTILIZE AND BENEFIT FROM THE CLUB'S FACILITIES AND ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ANNAPOLIS YACHT CLUB, INC. MAY ELECT MEMBERS OF THE GOVERNING BODY, THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSED CHANGES TO THE BY-LAWS MUST BE VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM IS COMPLETED, IT IS PRESENTED TO THE AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD OF GOVERNORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND REPORT ANY INTERESTS THAT COULD CAUSE CONFLICT. THE POLICIES ARE REVIEWED ANNUALLY BY THE BOARD OF GOVERNORS FOR ANY CHANGES, MODIFICATIONS, ETC. VENDOR CONTRACTS ARE REVIEWED FOR POTENTIAL CONFLICTS. A CONFLICT OF INTEREST DOCUMENT IS PREPARED AND SIGNED FOR ANY POTENTIAL CONFLICTS. THE CONFLICT OF INTEREST DOCUMENTS ARE REVIEWED BY THE FINANCE COMMITTEE AND ULTIMATELY THE BOARD OF GOVERNORS, IF NECESSARY. WHEN A CONFLICT OCCURS, THE CONFLICT IS DOCUMENTED AND THE BOARD DECIDES IF THE PERSON CAN PARTICIPATE OR RECUSE THEMSELVES FROM THE DELIBERATIONS/DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE'S ROLE IS TO ASSIST THE BOARD IN DISCHARGING ITS RESPONSIBILITIES RELATING TO COMPENSATION OF THE CLUB'S EXECUTIVES AND TO OVERSEE AND ADVISE THE BOARD ON THE ADOPTION OF POLICIES THAT GOVERN THE CLUB'S COMPENSATION AND BENEFIT PROGRAMS. THE MEMBERSHIP OF THE COMMITTEE CONSISTS OF AT LEAST THREE BOARD MEMBERS AND MAY INCLUDE CLUB MEMBERS WITH RELEVANT PROFESSIONAL EXPERIENCE. THE COMMODORE AND BOARD APPOINT THE MEMBERS OF THE COMMITTEE AND THE CHAIRPERSON. THE BOARD MAY REMOVE ANY MEMBER FROM THE COMMITTEE AT ANY TIME WITH OR WITHOUT CAUSE. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE MANAGEMENT TEAM. THE COMMITTEE RECEIVES SALARY STUDIES EVERY OTHER YEAR PERFORMED BY CLUB MANAGERS ASSOCIATION OF AMERICA AND USES THE DATA TO REVIEW AND APPROVE THE COMPENSATION AND INCENTIVE PROGRAMS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING IN REGARDS TO THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. THE FORM 990 CAN ALSO BE OBTAINED ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VIII, LINE 7: PROCEEDS FROM THE SALE OF THE BOATS WAS USED TO PURCHASE NEW ASSETS FOR THE ORGANIZATION'S EXEMPT PURPOSES. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ANNAPOLIS YACHT CLUB FOUNDATION INC 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 21404 311721302 SUPPORT AND DEVELOP AMATEUR SAILORS FOR NATIONAL AND INT'L RACING. MD 501(C)(3) 7 ANNAPOLIS YACHT CLUB INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0