2021-11-15T13:37:32-08:00 2020-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14th Floor GLENDALE CA 91203 990 2020-01-01 952112652 LONG BEACH YACHT CLUB LONG 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 SCOTT MEYER Treasurer 2021-11-15 true SCOTT MEYER 999009999 MARK J HENNELLY P00982999 8186375000 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z 6201 APPIAN WAY LONG BEACH CA 90803 5562109 false X WWW.LBYC.ORG X 1929 CA RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. 17 17 109 107108 98017 0 4235178 3364043 175712 144860 79309 -708896 4490199 2800007 0 0 1552056 1245190 0 0 2518962 1494269 4071018 2739459 419181 60548 9658021 9606841 1004838 729682 8653183 8877159 RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. false false THE LONG BEACH YACHT CLUB HOSTED YACHTING EVENTS, SPONSORED THE CONGRESSIONAL CUP, AND VARIOUS YOUTH ACTIVITIES FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 36 0 true 109 true true true false false false true true 56188 110391 false false false X 17 17 false false false false true true true true true false false true true true true true true true true false X MARCIA PETTWAY 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 X BRET COAD GENERAL MANAGER 40.00 0.00 177395 0 17655 MATHEW WILLISTON CHEF 40.00 0.00 128048 0 41996 KARI FOSTER CONTROLLER 40.00 0.00 117773 0 13620 CHARLIE LEGEMAN COMMODORE 4.00 0.00 X X 0 0 0 JON SHULL VICE COMMODORE 4.00 0.00 X X 0 0 0 JON TURIGLIATTO REAR COMMODORE 4.00 0.00 X X 0 0 0 BLAIR CARTY FLEET CAPTAIN 4.00 0.00 X X 0 0 0 SCOTT DIXON PORT CAPTAIN 4.00 0.00 X X 0 0 0 CAMILLE DANIELS J.R. STAFF COMM 4.00 0.00 X 0 0 0 CHRISTY SMITHERMAN Director 4.00 0.00 X 0 0 0 DAVID MURRAY Director 4.00 0.00 X 0 0 0 LIZ PALMER Director 4.00 0.00 X 0 0 0 LISA MEIER Director 4.00 0.00 X 0 0 0 TONY MANSOUR Director 4.00 0.00 X 0 0 0 LAURA WATKINS-UTTERBACK Director 4.00 0.00 X 0 0 0 BOB SNOW Director 4.00 0.00 X 0 0 0 BOB PIERCY Director 4.00 0.00 X 0 0 0 RANDY BEERS Director 4.00 0.00 X 0 0 0 SCOTTY DICKSON Director 4.00 0.00 X 0 0 0 BOBBY FRAZIER Director 4.00 0.00 X 0 0 0 MEGAN STOREY Secretary 4.00 0.00 X 0 0 0 SCOTT MEYER Treasurer 4.00 0.00 X 0 0 0 423216 73271 3 false true false 0 0 CONGRESSIONAL CUP 713910 INITIATION FEES 713910 56188 56188 MEMBERSHIP DUES 713910 3161783 3161783 MISC INCOME 713910 45849 45849 OTHER PROGRAMS 713910 100223 100223 3364043 144860 144860 0 0 0 0 0 0 2053206 2762102 -708896 -671144 -37752 0 2800007 2692899 107108 X 0 0 0 0 195050 0 754767 0 208987 86386 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 254869 110194 REPAIR & MAINTENANCE 182018 OTHER PROGRAM EXPENSES 114232 A&G OPERATING EXPENSES 110331 PROFESSIONAL FEES 89806 632819 2739459 0 0 0 339956 172896 0 0 532142 376704 0 0 0 235639 215336 132511 125670 5565648 3572948 2064476 1992700 0 0 0 0 6353297 6723535 9658021 9606841 734739 590049 270099 139633 1004838 729682 X 8653183 8877159 8653183 8877159 9658021 9606841 60548 163428 X false true X true false 2781468 1673687 1107781 1585940 1240481 345459 1198240 658780 539460 1992700 BOARD DESIGNATED CASH 2822277 BOARD DESIGNATED INITIATION FEES RECEIVA 60561 BOARD DESIGNATED MARKETABLE SECURITIES 2818053 LEASE & LONG DOCK 987165 OTHER ASSETS 35479 6723535 CLUB TREASURIES 139633 139633 X 5550106 163428 3259917 3423345 2126761 673246 673246 2800007 5326130 3259917 3259917 2066213 673246 673246 2739459 Part X : FIN48 Footnote The Club is exempt from federal and state taxes related to revenue received in connection with exempt programs, under Section 501(c)(7) of the Internal Revenue Code (IRC) and Section 23701(g) of the California Revenue and Taxation Code, respectively. The Club is subject to assessment of income taxes on what is termed unrelated business income. The Club can generate up to 15% of revenue, as defined in the IRC, from non-member sources. The Club policy is to monitor and track non-member revenues to ensure the Club complies with Section 501(c)(7) of the IRC. In addition, the Club is subject to taxation on investment income. Accordingly, a provision for income taxes has been established in the financial statements.For financial statement reporting purposes, tax positions initially need to be recognized when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. As of December 31, 2020, the Club had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. As of December 31, 2020, the Clubs annual tax filings for the prior three (3) years are open for audit by the Internal Revenue Service and for the prior four (4) years by the Franchise Tax Board. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF GOODS SOLD $2762102 ALLOCATIONS TO DESIGNATED FUNDS $254169 Program Services netted on F/S GROSS $241967 PROGRAM SERVICES NETTED ON FS $1679 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Pro Service Rev netted in Cost Cent-FS $648500 INVESTMENT EXPENSE NETTED ON F/S $24746 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD $2762102 ALLOCATIONS TO DESIGNATED FUNDS $254169 Program Services netted on F/S GROSS $241967 PROGRAM SERVICES NETTED $1679 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S PROGRAM Service Rev Netted FS - Cost Ctr $648500 INVESTMENT EXPENSE $24746 X X X false false false BRET COAD GENERAL MANAGER 177395 6594 11061 195050 MATHEW WILLISTON CHEF 128048 18348 23648 170044 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder LONG BEACH YACHT CLUB HAS MEMBERS. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body LONG BEACH YACHT CLUB HAS MEMBERS THAT ELECT MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE MEMBERS OF THE CLUB APPROVE ANY CHANGES TO THE ORGANIZATION'S BYLAWS. Form 990, Part VI, Line 11b: Form 990 Review Process THE AUDIT COMMITTEE AND TREASURER REVIEW FORM 990 AND 990-T PRIOR TO THE SIGNING AND FILING OF THE TAX RETURN. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD MEMBERS ARE REQUIRED TO READ THE POLICY AND SIGN A FORM AFFIRIMING COMPLIANCE WITH POLICY AND REPORT TO AUDIT COMMITTEE ANY POSSIBLE CONFLICT OF INTEREST. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees PAYROLL FOR EMPLOYEES ARE DETERMINED BY SPEFICIC UNION RATES AS AGREED UPON IN THE UNION CONTRACTS. HOWEVER, THERE ARE CASES WHEREIN PAY RATES ARE HIGHER BASED ON THE RECOMMENDATION OF THE DEPARTMENTAL MANAGERS AND APPROVED BY THE GENERAL MANAGER. THE GENERAL MANAGER'S COMPENSATION IS REVIEWED AND APPROVED BY THE THE BOARD OF DIECTORS AND A COMPENSATION COMMITTEE APPOINTED BY THE BOARD. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS MADE AVAILABLE TO MEMBERSHIP VIA WEBSITE AND UPON REQUEST FOR VALID PURPOSE. THE ORGANIZATION DOES NOT MAKE SUCH DOCUMENTS AVAILABLE TO THE PUBLIC. Form 990, Part IX, Line 24e: Other Expenses BAD DEBTS: Column (A) - Total = $30081; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses BUILDING AND MAITENANCE: Column (A) - Total = $78893; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses CONGRESSIONAL CUP: Column (A) - Total = $18513; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses EQUIPMENT RENTAL: Column (A) - Total = $55962; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses F&B OPERATING EXPENSE: Column (A) - Total = $85278; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses INCOME TAX: Column (A) - Total = $30510; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses INVESTMENT EXPENSE: Column (A) - Total = $24746; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses JUNIOR SAILING OPERATING EXPEN: Column (A) - Total = $16019; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses POOL OPERATING EXPENSE: Column (A) - Total = $14243; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses PROPERTY TAX: Column (A) - Total = $24106; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SHIP STORE OPERATING EXPENSE: Column (A) - Total = $842; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SPONSORSHIP EXPENSE: Column (A) - Total = $3384; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SUPPLIES: Column (A) - Total = $87738; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SWIM TEAM OPERATING EXPENSE: Column (A) - Total = $1078; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses UTILITIES: Column (A) - Total = $86713; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses WATERFRONT OPERATIONS: Column (A) - Total = $30626; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses WEBSITE: Column (A) - Total = $40478; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses YOUTH PROGRAMS OPERATING EXPEN: Column (A) - Total = $3609; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0