2021-08-10T19:20:39-05:00 2020-09-30 431952338 JAMES D JENNINGS CPA INC 615 PIIKOI ST SUITE 1507 HONOLULU HI 96814 990 2019-10-01 990043990 KANEOHE YACHT CLUB KANE 8082474121 44-503 KANEOHE BAY DRIVE KANEOHE HI 96744 TIM ROY TREASURER 8082474121 2021-08-10 1 JAMES JENNINGS P00290849 8089428813 2021-08-06 2019 2022-09-23 18:48:47Z TIM ROY 44-503 KANEOHE BAY DRIVE KANEOHE HI 96744 1903240 0 X WWW.KANEOHEYACHTCLUB.COM X 1938 HI PROVIDE MEMBERS YACHTING ACTIVITIES AND PROMOTE SAILING KNOWLEDGE AND SOCIAL ACTIVITIES AMONG MEMBERS. 8 8 35 250 20855 0 0 0 1561786 1510438 -12499 5237 265164 151691 1814451 1667366 0 0 0 0 644290 648546 0 0 0 1109466 1035631 1753756 1684177 60695 -16811 4444746 4411260 158743 142068 4286003 4269192 PROVIDE MEMBERS YACHTING ACTIVITIES AND PROMOTE SAILING KNOWLEDGE AND SOCIAL ACTIVITIES AMONG MEMBERS. 0 0 1136222 1641274 ESTABLISHED IN 1924, THE KANEOHE YACHT CLUB IS DEDICATED TO INSPIRING AND PROMOTING APPRECIATION OF SAILING, POWER-BOATING AND OTHER MARITIME SPORTS THROUGH COMPETITIVE, RECREATIONAL AND SOCIAL ACTIVITIES. WE PROVIDE A HAVEN IN WINDWARD OAHU FOR BOATING ENTHUSIASTS AND THEIR GUESTS WITH OUR FIRST-CLASS HARBOR FACILITIES, CLUBHOUSE AND OTHER AMENITIES, FOSTERING GOOD SEAMANSHIP, EDUCATION AND AN OVERALL SPIRIT OF CAMARADERIE AND EXCELLENCE. 1136222 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 35 1 1 1 0 0 0 0 58446 53775 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X KANEOHE YACHT CLUB 8082474121 44-503 KANEOHE BAY DRIVE KANEOHE HI 96744 SUSIE JANNUZZI REAR COMMODORE 2.00 X X 0 0 0 MIKE VAN WOERKOM COMMODORE 2.00 X X 0 0 0 PETE STOKKA VICE COMMODORE 2.00 X X 0 0 0 BETH GRAINGER TREASURER 2.00 X X 0 0 0 JANE SAWYER SECRETARY 2.00 X X 0 0 0 PATRICK MOOSE KUDLICH DIRECTOR 2.00 X 0 0 0 MICHAEL BARKER DIRECTOR 2.00 X 0 0 0 VICTOR LOZANO DIRECTOR 2.00 X 0 0 0 SHAUN MYERS EXECUTIVE DIRECTOR 40.00 X 81308 0 7816 81308 0 7816 0 0 0 0 GRANTCO PACIFIC 96-1382 WAIHONA ST UNIT 6 PEARL CITY HI 96782 CONSTRUCTION 103362 1 MEMBERSHIP DUES 900099 1069254 1069254 PIER 900099 332486 331586 900 SAILING AND OTHER FEES 900099 90492 77992 12500 DECKHANDS 900099 18206 18206 1510438 5237 5237 385565 235874 149691 142236 7455 OTHERS 900099 3000 3000 CERTIFICATES - BUY BAC 900099 -1000 -1000 2000 1667366 1641274 20855 5237 95769 57461 38308 405762 263739 142023 104478 79969 24509 42537 28363 14174 95057 95057 19784 19784 67862 67862 28711 28711 41067 29259 11808 14485 14485 10946 10946 2 2 256032 256032 150032 49393 100639 REPAIRS AND MAINTENANCE 97356 97356 UTILITIES 78623 78623 SUPPLIES 48895 48895 BANK SERVICE CHARGES 32981 32981 93798 52075 41723 1684177 1136222 547955 0 25374 28162 1338111 1220943 3280 30458 55430 51176 20319 42827 9535090 6497396 3002232 3037694 4444746 4411260 99815 92680 58928 49388 158743 142068 X 4286003 4269192 4286003 4269192 4444746 4411260 -16811 0 X X 0 1 X 1 0 603413 603413 8931677 6497396 2434281 3037694 UNAMORTIZED LIFE MEMBERS 49388 49388 X 1903240 235874 235874 1667366 0 1667366 1920051 235874 235874 1684177 0 1684177 PART X, LINE 2: THE CLUB ADOPTED THE PROVISIONS OF ASC 740, INCOME TAXES, ON JANUARY 1, 2009. AS REQUIRED BY THE UNCERTAIN TAX POSITION GUIDANCE IN ASC 740, THE CLUB RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION AFTER AN AUDIT. AT THE ADOPTION DATE, THE CLUB APPLIED THE UNCERTAIN TAX POSITION GUIDANCE IN ASC 740 TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS HAS REMAINED OPEN. AS A RESULT OF THE IMPLEMENTATION OF THE UNCERTAIN TAX POSITION GUIDANCE IN ASC 740, THE CLUB HAS NOT RECOGNIZED ADDITIONAL LIABILITY FOR UNRECOGNIZED TAX BENEFITS NOR ANY INTEREST AND PENALTIES AS OF SEPTEMBER 30, 2020. MANAGEMENT DOES NOT ANTICIPATE THAT THIS WILL CHANGE SIGNIFICANTLY IN THE NEXT TWELVE MONTHS. THE CLUB FILES INCOME TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. WITH FEW EXCEPTIONS, THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS FORM 990, PART VI, SECTION A, LINE 6 600 MEMBERS APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A YES THERE ARE 732 VOTING MEMBERS THAT ELECT BOARD OF DIRECTORS AND APPROVE GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION A, LINE 7B BY MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO GOVERNING BODY AT A MEETING AND SIGNED BY THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C ANY CONFLICT IS BROUGHT TO BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ALL KEY EMPLOYEES COMPENSATION SUBJECT TO BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. PART XII, LINE 2C PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.