2021-11-11T16:42:45-06:00 2020-12-31 941668792 PETRINOVICH PUGH & COMPANY LLP 333 WEST SANTA CLARA ST 800 SAN JOSE CA 951131716 990 2020-01-01 940836785 THE SAN FRANCISCO YACHT CLUB SANF 4154359133 98 BEACH RD BELVEDERE CA 94920 QUENTIN HILLS TREASURER 4154359133 2021-11-11 1 QUENTIN HILLS 999009999 SCOTT WATTERS P01246213 4082877911 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DONALD JESBURG 98 BEACH RD BELVEDERE CA 94920 7432371 0 X WWW.SFYC.ORG X 1873 CA SEE SCHEDULE O 11 11 89 45 168410 2542 80000 80000 4134868 4103286 9507 8511 2196887 2714750 6421262 6906547 0 0 0 0 3191557 2805997 0 0 0 2707471 2396558 5899028 5202555 522234 1703992 21230074 21143817 6886954 6164227 14343120 14979590 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7), WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE SINGLE PURPOSE OF SOCIAL AND RECREATIONAL BENEFITS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE PART VIII FOR LISTING. 0 1 0 0 0 0 1 0 0 1 0 0 1 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 5 0 1 89 1 1 1 0 0 0 1 1 195794 301371 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X BLAKE KENNEDY 4154359133 98 BEACH RD BELVEDERE CA 94920 STUART REILLY COMMODORE 10.00 X X 0 0 0 DONALD JESBERG VICE COMMODORE 10.00 X X 0 0 0 CHRISTOPHER LACEY REAR COMMODORE 10.00 X X 0 0 0 MADELINE MOREY TREASURER 10.00 X X 0 0 0 JENNIFER DAILEY SECRETARY 10.00 X X 0 0 0 ANDREW FROMM JR. STAFF COMMODORE 10.00 X X 0 0 0 ALEXANDER ROTHENBERG DIRECTOR 10.00 X 0 0 0 DAVID WALKER DIRECTOR 10.00 X 0 0 0 MATTHEW SESSIONS DIRECTOR 10.00 X 0 0 0 ROBERT BRANT DIRECTOR 10.00 X 0 0 0 DUDLEY MENDENHALL DIRECTOR 10.00 X 0 0 0 DAVID ROBINSON GENERAL MANAGER 40.00 X 253858 0 19542 BLAKE KENNEDY FINANCIAL OFFICIAL 40.00 X 106584 0 8279 FORREST GAY SAILING DIRECTOR 40.00 X 139060 0 4144 RENATO MADRID HEAD CHEF 40.00 X 121997 0 3842 PHILLIP ATCHISON BAR MANAGER 40.00 X 104477 0 0 725976 0 35807 5 0 1 0 0 80000 80000 MEMBERSHIP DUES 713990 2191960 2191960 BERTH RENTAL 713990 1319855 1319855 YOUTH SAILING 713990 545442 542908 2534 AUXILIARY AND SPECIAL REGATTA 713990 46029 45632 397 4103286 8511 8511 1073975 525824 548151 391183 156968 NET ASSETS RELEASED FROM RESTRICT 722100 1150577 1150577 CATASTROPHE CONTINGENCY, HARBOR R 722100 420000 420000 EMPLOYEE RETENTION CREDIT 722100 223078 223078 372944 372944 2166599 6906547 6658137 168410 0 X 388262 1740817 505128 171790 95724 556859 327803 ADMINISTRATIVE AND GENE 372444 COMMITTEE EXPENSE 322293 REPAIRS AND MAINTENANCE 190284 PROPERTY TAXES 174785 356366 5202555 579727 550646 1202605 135082 737350 434200 125939 129660 222291 155928 23405134 6694724 16092975 16710410 2269187 3027891 21230074 21143817 1380774 136747 331064 340642 5175116 5686838 6886954 6164227 X 13140516 14844508 1202604 135082 14343120 14979590 21230074 21143817 X 1703992 -1067522 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 363996 363996 6059008 2337717 3721291 2505223 1739481 765742 14476907 2617526 11859381 16710410 DESIGNATED CASH & INVESTMENTS 2823423 ACCRUED PAYROLL CREDIT 204468 3027891 CONSTRUCTION LOAN 5686838 5686838 X 7432371 525824 525824 6906547 0 6906547 5728379 525824 525824 5202555 0 5202555 PART III, LINE 1A: VARIOUS PIECES OF ARTWORK ARE DISPLAYED IN THE CLUB AS WELL AS PERPETUAL TROPHIES FOR THE ENJOYMENT OF THE MEMBERS. PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES THAT POSITIONS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 525,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 525,824. X 0 1 X X X X X 0 0 0 DAVID ROBINSON GENERAL MANAGER 199408 0 48750 0 5700 0 7379 0 12163 0 273400 0 0 0 PART I, LINE 1B RECEIPTS WERE SUBMITTED FOR REIMBURSEMENT UP TO THE ALLOTTED AMOUNT IN CONTRACT. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE CLUB'S MISSION IS TO PROMOTE THE SCIENCE AND ART OF NAVIGATION AND NAVAL ARCHITECTURE, ENCOURAGE AND ASSIST IN MAKING MEMBERS PROFICIENT IN YACHTING, PROMOTE AQUATIC SPORTS, AND PROMOTE SOCIAL ACTIVITIES AMONG ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE CLUB HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - THE DECISIONS OF THE GOVERNING BODY OF THE CLUB ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST IS REVIEWED BY THE BOARD MEMBERS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS PERIODICALLY TO REVIEW SALARIES AND SET WAGE INCREASES AND BONUSES FOR MANAGEMENT EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION AT THE CLUB. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND AVAILABLE FOR INSPECTION AT THE CLUB. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION OF THE CLUB. FORM 990, PART IX, LINE 24E UTILITIES 172,094. JUNIOR SAILING PROGRAM 114,788. FOOD AND BEVERAGE 65,730. BERTHS, STORAGE AND LOCKER RENTAL 3,754. FORM 990, PART XI, LINE 9: CONTRIBUTIONS, REGATTA SUPPORT 82,861. RELEASE FROM RESTRICTION, REGATTA SUPPORT -1,150,577. INTEREST INCOME 194. FORM 990, LINE 2C NO CHANGE FROM PRIOR YEAR.