2021-01-29T14:45:08-06:00 2020-06-30 592067969 DEES & DEES CPA'S PA 3440 CONWAY BLVD SUITE 2C PORT CHARLOTTE FL 33952 990 2019-07-01 010597016 PELICAN ISLE YACHT CLUB INC PELI 2395661606 410 DOCKSIDE DRIVE NAPLES FL 34110 THOMAS FRIEDMAN COMMODORE 2395661606 2021-01-06 FRED B DEES JR P00013501 9416297595 2021-01-06 2019 2022-09-23 18:48:47Z THOMAS FRIEDMAN 3582634 false X WWW.PIYC.NET X 2002 FL PELICAN ISLE YACHT CLUB, INC. IS A NON-FOR-PROFIT CORPORATION ORGANIZED UNDER CHAPTER 617 OF THE LAW OF THE STATE OF FLORIDA. THE SPECIFIC PURPOSE OF THE CLUB IS TO OWN AND OPERATE A PRIVATE YACHTING AND SOCIAL CLUB FOR THE PURPOSE OF PROVIDING DINING, MARINA AND OTHER FACILITIES FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND THEIR GUESTS. 10 10 76 30 23282 0 2481839 2816195 8440 7596 573687 437332 3063966 3261123 0 0 1748405 1843618 0 0 2045453 2064363 3793858 3907981 -729892 -646858 24713257 25337266 5291197 5443090 19422060 19894176 X PELICAN ISLE YACHT CLUB IS A NON-FOR-PROFIT CORPORATION UNDER CHAPTER 617 OF THE LAW OF THE STATE OF FLORIDA. THE SPECIFIC PURPOSE OF THE CLUB IS TO OWN AND OPERATE A PRIVATE YACHTING AND SOCIAL CLUB FOR THE PURPOSE OF PROVIDING DINING, MARINA AND OTHER FACILITIES FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND THEIR GUESTS. false false 3898790 THE CLUB OWNS AND OPERATES A PRIVATE YACHTING AND SOCIAL CLUB AND PROVIDES DINING, MARINA AND OTHER FACILITIES AND ACTIVITIES FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND THEIR GUESTS. 9191 THE CLUB OWNS AND OPERATES A PRIVATE YACHTING AND SOCIAL CLUB AND PROVIDES DINING, MARINA AND OTHER FACILITIES AND ACTIVITIES FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND THEIR GUESTS. 9191 3907981 false false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 107 0 true 76 true true true false false false false 27614 false false false X 10 10 false false false false true true true true true false false true true true true true true false true false X LOGAN QUATAERT CFO 2395661606 410 DOCKSIDE NAPLES FL 34110 X REGINA DRIESBACH ASSISTANT SE X X 0 0 0 BOB FLAHERTY DIRECTOR X 0 0 0 THOMAS FRIEDMAN COMMODORE X X 0 0 0 JOHN GARMHAUSEN VICE COMMODO X X 0 0 0 KAREN HENDRICKS REAR COMM/TR X X 0 0 0 DAVID KESSLER IMMED PAST C X X 0 0 0 PATRICIA MARMEN SECRETARY X X 0 0 0 FRANK MASCIANICA ASSISTANT TR X X 0 0 0 CRAIG MILLER FLEET CAPTAI X X 0 0 0 BRETT NUCKOLLS DIRECTOR X 0 0 0 false false false MEMBERSHIP DUES 2091300 2091300 MARINA MAINTENANCE FEES 701594 701594 SHIP STORE, FITNESS & OTHER 23301 23301 2816195 7596 7596 745158 321511 423647 407961 15686 MISCELLANEOUS INCOME 13685 13685 13685 3261123 3237841 23282 X 1524086 1524086 196069 196069 123463 123463 41025 41025 20140 20140 13162 13162 32992 32992 10317 10317 562980 562980 211129 211129 MASTER ASSESSMENT 349098 349098 REAL ESTATE TAXES 126043 126043 UTILITIES 107015 107015 OTHER EXPENSES 106603 106603 483859 483859 3907981 3907981 0 0 1200046 1920979 1798497 1791988 53153 57821 260081 219926 25307877 6734024 18557102 18573853 2844378 2772699 24713257 25337266 430586 723510 1984700 2109500 2875911 2610080 5291197 5443090 X 18954560 19426676 467500 467500 19422060 19894176 24713257 25337266 X -646858 1118974 X false true X true false 8627772 8627772 11183661 6734024 4449637 5496444 5496444 18573853 CLUB UMBRELLA, DESIGNATED 603862 CLUB RESERVE 587858 MARINA INSURANCE RESERVE, RESTRICTED 581908 MARINA CAPITAL RESERVE, DESIGNATED 447736 MARINA RESERVE, DESIGNATED 353563 CLUB CAPITAL RESERVE, DESIGNATED 195572 DEPOSITS 2200 2772699 CAPITAL BANK LOAN 2610080 2610080 3261123 3261123 3261123 3907981 3907981 3907981 FORM 990 - ORGANIZATION'S MISSION PELICAN ISLE YACHT CLUB IS A NON-FOR-PROFIT CORPORATION UNDER CHAPTER 617 OF THE LAW OF THE STATE OF FLORIDA. THE SPECIFIC PURPOSE OF THE CLUB IS TO OWN AND OPERATE A PRIVATE YACHTING AND SOCIAL CLUB FOR THE PURPOSE OF PROVIDING DINING, MARINA AND OTHER FACILITIES FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND THEIR GUESTS. FORM 990, PAGE 2, PART III, LINE 4D THE CLUB OWNS AND OPERATES A PRIVATE YACHTING AND SOCIAL CLUB AND PROVIDES DINING, MARINA AND OTHER FACILITIES AND ACTIVITIES FOR THE BENEFIT AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND THEIR GUESTS. FORM 990, PAGE 6, PART VI, LINE 6 THE CLUB IS COMPRISED OF EQUITY MEMBERS RATHER THAN SHAREHOLDERS. THE CLUB'S MEMBERSHIPS INCLUDE EQUITY SOCIAL AND EQUITY YACHT MEMBERSHIPS, WHICH ARE SOMETIMES REFERRED TO COLLECTIVELY AS EQUITY MEMBERSHIPS. EQUITY SOCIAL MEMBERS ARE ENTITLED TO USE ALL OF THE SOCIAL FACILITIES OF THE CLUB, INCLUDING THE CLUBHOUSE, PRIVATE DINING ROOM AND LOUNGE, MAIN DINING ROOM, FITNESS CENTER, BOCCE COURTS, SWIMMING POOL, TENNIS FACILITIES AND PICKLEBALL. AVAILABLE UNOCCUPIED MARINA SLIPS THAT ARE NOT USED BY EQUITY YACHT MEMBERS MAY BE AVAILABLE FOR USE BY EQUITY SOCIAL MEMBERS OF THE CLUB ON A TRANSIENT BASIS. ON ALL MATTERS TO BE VOTED UPON BY THE EQUITY MEMBERS, EQUITY SOCIAL MEMBERS ARE ENTITLED TO ONE VOTE PER MEMBERSHIP IN ACCORDANCE WITH THE BY-LAWS. THE CLUB ALSO OFFERS EQUITY YACHT MEMBERSHIPS TO EQUITY SOCIAL MEMBERS. THE PURCHASER OF AN EQUITY YACHT MEMBERSHIP WILL BE ENTITLED TO EXCLUSIVE USE OF A DESIGNATED MARINA SLIP UPON PAYMENT OF THE REQUIRED DUES AND FEES AND COMPLYING WITH THE BY-LAWS AND THE GENERAL MARINA RULES. EACH EQUITY YACHT MEMBER WILL BE ENTITLED TO ONE VOTE ON ALL MATTERS CONCERNING THE MARINA FACILITIES WHICH ARE SCHEDULED TO BE VOTED UPON BY THE EQUITY YACHT MEMBERS. EQUITY YACHT MEMBERS NOT USING THEIR SLIPS MAY MAKE THEM AVAILABLE ONLY THROUGH THE DOCK MASTER FOR USE BY OTHER MEMBERS OF THE CLUB OR GUESTS OF THE CLUB, IN ACCORDANCE WITH THE TERMS AND CONDITIONS FOR LEASING AVAILABLE SLIPS AS ESTABLISHED BY THE CLUB. NON EQUITY SOCIAL MEMBERS ARE NON-VOTING MEMBERS WHO HAVE USE OF THE CLUB'S DINING FACILITIES, FITNESS CENTER, SPA AND POOL,TENNIS, CANOES, KAYAKS, BEACH SHUTTLE AND ATTENDANCE TO ALL CLUB EVENTS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS COMPRISED ON NINE (9) EQUITY MEMBERS WHO ARE ELECTED BY THEIR PEERS AT AN ANNUAL MEETING. DIRECTORS NORMALLY SERVE FOR A TERM OF THREE (3) YEARS, WHICH ARE STAGGERED, SO THAT THREE (3) NEW DIRECTORS ARE ELECTED EACH YEAR. THE BOARD THEN SELECTS WHICH OF THEM WILL BE THE COMMODORE, VICE COMMODORE, AND REAR COMMODORE FOR THE NEXT YEAR. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERSHIP PLAN, THE BY-LAWS AND THE CERTIFICATE OF INCORPORATION MAY BE ALTERED, AMENDED, OR REPEALED OR NEW MEMBERSHIP DOCUMENTS MAY BE ADOPTED, ONLY BY: (A) A MAJORITY VOTE OF ALL THE MEMBERS OF THE BOARD OF DIRECTORS, AND (B) A MAJORITY OF THE VOTES CAST BY EQUITY MEMBERS IN PERSON OR BY PROXY AT A DULY CALLED AND CONSTITUTED ANNUAL OR SPECIAL MEETING OF THE MEMBERS OF THE CLUB AT WHICH A QUORUM OF THE EQUITY MEMBERS IS PRESENT OR BY PROXY. IN THE EVENT THE BOARD DETERMINES THAT AN AMENDMENT TO THE MEMBERSHIP PLAN, THE BY-LAWS OR THE CERTIFICATE OF INCORPORATION WILL BE VOTED ON ONLY BY THOSE OWNING A CERTAIN CATEGORY OF MEMBERSHIP, SUCH AMENDMENT MUST BE APPROVED BY A MAJORITY OF THE VOTES CAST BY THE MEMBERS OWNING THAT CATEGORY OF MEMBERSHIP IN PERSON OR BY PROXY AT A DULY CALLED AND CONSTITUTED ANNUAL OR SPECIAL MEETING OF SUCH MEMBERS OF THE CLUB AT WHICH A QUORUM OF SUCH MEMBERS IS PRESENT EITHER IN PERSON OR BY PROXY. THE PROPOSED AMENDMENT MUST BE SET FORTH IN OR ATTACHED TO THE NOTICE OF THE MEETING. AMENDMENTS MAY ALSO BE APPROVED BY THE EQUITY MEMBERS BY WAY OF WRITTEN CONSENTS IN LIEU OF A MEETING IN THE MANNER SET FORTH IN THE BY-LAWS. NOTWITHSTANDING, THE FOREGOING, THE BOARD MAY AMEND THE MEMBERSHIP PLAN, THE BY-LAWS OR THE ARTICLES OF INCORPORATION TO: CORRECT SCRIVENER'S ERRORS OR OMISSIONS; CONFORM THE PROVISIONS THEREOF TO CHANGE IN LAW THAT SUPERSEDE THE MEMBERSHIP PLAN, THE BY-LAWS OR THE ARTICLES OF INCORPORATION; AMEND AND RESTATE THE MEMBERSHIP PLAN, THE BY-LAWS OR THE ARTICLES OF INCORPORATION IN ORDER TO CONSOLIDATE INTO ONE(1) INSTRUMENT PREVIOUS AMENDMENTS ADOPTED BY THE BOARD AND THE EQUITY MEMBERS; AND TO CONFORM THE PROVISIONS OF THIS MEMBERSHIP PLAN; THE BY-LAWS OR THE ARTICLES OF INCORPORATION TO THE REQUIREMENTS OF THE FLORIDA COUNCIL OF YACHT CLUBS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PREPARED BY A LOCAL CPA FIRM WITH THE ASSISTANCE AND REVIEW BY THE CLUB CONTROLLER AND TREASURER. THE TREASURER REPORTS ON THE PROPOSED FILING TO THE BOARD OF DIRECTORS, WHO THEN APPROVES THE 990 FOR SIGNATURE AND FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE EMPLOYEE HANDBOOK STATES THAT PELICAN ISLE YACHT CLUB EMPLOYEES WILL MAINTAIN THE HIGHEST ETHICAL STANDARDS IN THE CONDUCT OF CLUB AFFAIRS. THE INTENT OF THIS POLICY IS THAT EACH EMPLOYEE WILL CONDUCT THE CLUB'S BUSINESS WITH INTEGRITY AND COMPLY WITH ALL APPLICABLE LAWS IN A MANNER THAT EXCLUDES CONSIDERATIONS OF PERSONAL ADVANTAGE OR GAIN. THE FOLLOWING IS A SUMMARY OF CLUB POLICY WITH RESPECT TO (1) GIFTS, FAVORS, ENTERTAINMENT AND PAYMENTS GIVEN OR RECEIVED BY CLUB EMPLOYEES; (2) POTENTIAL CONFLICTS OF INTEREST, AND (3) CERTAIN OTHER MATTERS. GENERAL POLICY APPLICATION - GIFTS, FAVORS AND PAYMENTS INVOLVING A CLUB EMPLOYEE MAY BE RECEIVED BY OTHERS AND ARE ACCEPTABLE IF THEY MEET THE FOLLOWING CRITERIA: THEY ARE CONSISTENT WITH ACCEPTED BEST PRACTICES OF PELICAN ISLE YACHT CLUB, INC. EMPLOYEES SHALL NOT SEEK OR ACCEPT FOR THEMSELVES OR OTHERS ANY GIFTS, FAVORS, ENTERTAINMENT AND PAYMENT WITHOUT LEGITIMATE BUSINESS PURPOSE. THEY ARE OF SUFFICIENTLY LIMITED VALUE OF NO GREATER THAN 300 AND IN A FORM THAT WILL NOT BE CONSTRUED AS A BRIBE OR PAYOFF. THEY ARE NOT IN VIOLATION OF APPLICABLE LAW AND GENERALLY ACCEPTED ETHICAL STANDARDS. PUBLIC DISCLOSURE OF THE FACTS WILL NOT EMBARRASS THE CLUB. PAYMENTS, COMMISSIONS, OR OTHER COMPENSATION RELATED TO PELICAN ISLE YACHT CLUB, INC. BUSINESS TO OR FOR THE BENEFIT OF EMPLOYEES (OR THEIR FAMILY MEMBERS OR ASSOCIATES NOT REQUIRED BY WRITTEN CONTRACT) IS CONTRARY TO CLUB POLICY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF KEY EMPLOYEES IS REVIEWED BY THE COMPENSATION COMMITTEE, WHICH IS COMPOSED OF THE COMMODORE (PRESIDENT), VICE COMMODORE (VICE PRESIDENT), AND REAR COMMODORE (TREASURER) AND THE GENERAL MANAGER, OTHER THAN IN THE CASE OF THE GENERAL MANAGER. COMPARABLE DATA IS UTILIZED FOR ALL KEY EMPLOYEES. THE DELIBERATIONS ARE DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PAGE 6, PART VI, LINE 19 PELICAN ISLE YACHT CLUB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT ARE MADE AVAILABLE TO MEMBERS ONLY UPON REQUEST. THE MEMBER WOULD CONTACT THE GENERAL MANAGER. FORM 990, PART IX, LINE 24E REPAIRS & MAINTENANCE 92,324 0 0 GAS/PROPANE 48,445 0 0 WORKERS COMPENSATION 37,843 0 0 SUBMERGED LAND LEASE 30,864 0 0 LINEN RENTAL 30,072 0 0 RESTAURANT SUPPLIES 29,725 0 0 TAXES 28,931 0 0 ENTERTAINMENT FOR CLUB 26,933 0 0 CLEANING SUPPLIES 22,324 0 0 SUPPLIES 22,154 0 0 TELEPHONE 21,636 0 0 DUES & SUBSCRIPTIONS 16,837 0 0 EQUIPMENT RENTAL 14,769 0 0 CABLE/ALARM 12,069 0 0 SHIP STORE EXPENSES 11,149 0 0 UNIFORMS 10,308 0 0 WEBSITE EXPENSE 7,471 0 0 BANK & CREDIT CARD FEES 6,996 0 0 PAYROLL PROCESSING FEE 5,931 0 0 LICENSE/PERMITS 3,427 0 0 FCYC 2,906 0 0 STATE USAGE FEES 745 0 0 TOTAL 483,859 0 0 FORM 990, PART XI, LINE 9 CAPITAL CONTRIBUTIONS 1,223,553 INTEREST EXPENSE -104,579 TOTAL 1,118,974