2021-11-12T09:59:54-08:00 2020-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14th Floor GLENDALE CA 91203 990 2020-01-01 952556393 BAHIA CORINTHIAN YACHT CLUB BAHI 9496449530 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 GARY GRANBERY Treasurer 2021-11-12 true GARY GRANBERY 999009999 MARK J HENNELLY P00982999 8186375000 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 3267962 false X WWW.BCYC.ORG X 1958 CA PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. 11 11 112 -51374 16292 0 2467765 2381408 22020 4640 138403 -259168 2628188 2126880 0 0 770184 732623 0 0 1662179 1559470 2432363 2292093 195825 -165213 6850571 6568793 2072943 1956378 4777628 4612415 PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. false false PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. false false false false false false false false false true false false false 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 8 0 true 112 true false false false false true true 74513 245526 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false X BAHIA CORINTHIAN YACHT CLUB 9496449530 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 X SCOTT JONES GENERAL MANAGER 40.00 0.00 187496 0 0 Ginny Lombardi COMMODORE 4.00 0.00 X X 0 0 0 Rhonda Tolar VICE COMMODORE 4.00 0.00 X X 0 0 0 Kari Konapelsky REAR COMMODORE 4.00 0.00 X X 0 0 0 Rolf Rolnicki Secretary 4.00 0.00 X X 0 0 0 Steve Moffett JR STAFF COMMOD 2.00 0.00 X X 0 0 0 Cary Breeden Director 2.00 0.00 X 0 0 0 Jeff Granbery Director 1.00 0.00 X 0 0 0 George Hampton Director 1.00 0.00 X 0 0 0 Stuart Leigh Director 1.00 0.00 X 0 0 0 Lynn Noah Director 1.00 0.00 X 0 0 0 Cleve Sproule Director 1.00 0.00 X 0 0 0 GARY GRANBERY Treasurer 4.00 0.00 X 0 0 0 187496 1 false true false 0 0 ADVERTISING 541800 6795 6795 INITIATION FEES 713910 55010 55010 MEMBERSHIP DUES 713910 961491 961491 SAILING ACTIVITIES 713910 1338609 1338609 TRANSFER FEES 713910 19503 19503 2381408 4640 4640 0 0 37357 18679 18678 18678 18678 0 0 0 844557 1122403 -277846 -196359 -81487 0 2126880 2178254 -51374 X 0 0 0 0 187496 0 430602 8224 65120 41181 0 0 0 0 0 0 0 0 62051 0 0 72338 0 0 0 38196 0 351948 43487 SAILING ACTIVITY OPERATING EXP 255327 A&G OPERATING EXPENSES 141835 TIDELANDS 121568 REPAIRS & MAINTENANCE 99493 373227 2292093 0 0 0 465064 621423 903569 872571 0 216924 109023 0 0 0 68140 61049 35863 31275 11576807 6707976 5155853 4868831 0 0 0 0 5158 4621 6850571 6568793 287323 261135 1646242 1535770 139378 159473 2072943 1956378 X 4777628 4612415 4777628 4612415 6850571 6568793 -165213 X false true X true false 1033544 1033544 4328352 2665836 1662516 3552648 2848772 703876 2662263 1193368 1468895 4868831 DEPOSITS 159473 159473 X 3263928 1137048 1137048 2126880 2126880 3429141 1137048 1137048 2292093 2292093 Part X : FIN48 Footnote The Club has been granted exemption from Federal and State of California income taxes as a nonprofit organization under the Internal Revenue Code 501(c)(7) and Section 23701g of the California Revenue and Taxation Code. However, the Tax Reform Act of 1969 provides for the assessment of taxes on what is termed "unrelated business income." This is generally defined as interest, and rental income, including rental revenue from the cell tower, and nonmember income from sources such as food, beverage, and yachting revenues.The Clubs policy is to recognize tax positions in the financial statements 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) and four (4) years are open for audit by Federal and state tax agencies, respectively. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF GOODS SOLD $1122403 RENTAL EXPENSE $20228 INCOME/EXPENSE NET $-5583 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD $1122403 RENTAL EXPENSE $20228 FUEL TAX CREDIT $0 INCOME/EXPENSES NET $-5583 X false false false SCOTT JONES GENERAL MANAGER 167996 19500 187496 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder BAHIA CORINTHIAN YACHT CLUB IS A PRIVATE EQUITY CLUB. THE MEMBERS ARE OWNERS. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body THE CLUB IS GOVERNED BY AN ELEVEN PERSON BOARD THE BOARD MEMBERS ROTATE ANNUALLY ON AVERAGE. THREE NEW DIRECTORS ARE VOTED IN EACH YEAR AND THREE MEMBERS END THEIR TERM ON THE BOARD. Form 990, Part VI, Line 11b: Form 990 Review Process THE RETURNS ARE REVIEWED BY THE TREASURER AND THE TREASURER REPORTS TO THE BOARD ON THE REVIEW PRIOR TO SIGNING AND FILING. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE GENERAL MANAGER AND THE BOARD OF DIRECTORS MONITORS AND REVIEWS ON A CONTINUOUS BASIS. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management COMPENSATION OF KEY EMPLOYEES ARE REVIEWED BY THE GENERAL MANAGER AND EXECUTIVE COMMITTEE. THE COMMORDORE OF THE CLUB GIVES THE ANNUAL REVIEW TO THE GENERAL MANAGER. THE EXECUTIVE COMMITTEE REVIEWS ALL COMPENSATION. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE CLUB DOES NOT MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. Form 990, Part IX, Line 24e: Other Expenses ENTERTAINMENT: Column (A) - Total = $29810; 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 = $4177; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses LAUNDRY: Column (A) - Total = $28012; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MASTERHEAD EXPENSE: Column (A) - Total = $8153; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MEMBERSHIP EXPENSE: Column (A) - Total = $87689; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MISCELLANEOUS: Column (A) - Total = $93125; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses OUTSIDE SERVICES: Column (A) - Total = $30232; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Postage and Shipping: Column (A) - Total = $11258; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Printing and Publications: Column (A) - Total = $7508; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses PROFESSIONAL FEES: Column (A) - Total = $23367; 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 = $49896; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0