2021-11-11T10:11:47-06:00 2020-12-31 HARSHMAN & COMPANY LLC 1870 BUFORD HIGHWAY SUITE 100 DULUTH GA 30097 990 2020-01-01 580974508 Lake Lanier Sailing Club Inc % KURT STADELE LAKE 4042749390 6206 Commodore Drive Flowery Branch GA 30542 JAMIE YEZZI TREASURER 6787806192 2021-11-04 true JAMIE YEZZI 999009999 WILLIAM C HARSHMAN CPA P00107156 7708041450 2 2020 2022-09-23 18:48:47Z William C Harshman 6206 Commodore Drive Flowery Branch GA 30542 579070 false X www.llsc.com X 1959 GA TO SUPPORT THE SPORT OF SAILING THROUGH TRAINING, RACING AND OTHER SAILING RELATED ACTIVITIES 15 15 2 200 20 256226 262701 354398 315553 85 20 4373 796 615082 579070 22518 11813 50479 50479 80517 91474 0 0 0 312535 277884 466049 431650 149033 147420 1469314 1372659 7624 12325 1461690 1360334 X TO SUPPORT THE SPORT OF SAILING THROUGH EDUCATION, TRAINING, RACING AND OTHER SAILING RELATED ACTIVITIES. false false 4455 2653 THE CLUB PUT ON FIVE MULTI-FLEET REGATTAS AND SUPPORTED NUMEROUS SEPARATE ONE-DESIGN FLEET REGATTAS AND SEVERAL PERFORMANCE HANDICAP RACING SERIES IN FURTHERANCE OF ITS RACING PROGRAMS DURING THE YEAR. 11813 0 THE CLUB SUPPORTED JUNIOR SAILING AND TRAINING PROGRAMS BY ASSISTING THE JUNIOR PROGRAM WITH FACILITIES AND PERSONNEL SUPPORT FOR THREE FULL WEEKS OF JUNIOR SAILING TRAINING PROGRAMS AND NUMEROUS DAYS OF JUNIOR TRAINING AND SEVERAL JUNIOR REGATTAS THROUGHOUT THE YEAR. IN ADDITION TO PROVIDING SEVERAL GRANTS TO THE JUNIOR PROGRAM DURING THE YEAR. 5223 1290 THE CLUB HOSTED SEVERAL SOCIAL EVENTS FOR ITS MEMBERS DURING THE YEAR TO FOSTER THE CONTINUED SAILING RACING AND TRAINING PROGRAMS. 21491 false false false false false false false false false true false false false 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 true false false true 0 0 true 2 true false false false false false 25143 0 false X 15 15 false false false false true true true true true false false true true true true true true false false false GA X KURT STADELE 6786374351 320 AURELIA TRACE MILTON GA 30004 X Daniel Postell Sailing Director 40.0 0.0 X 48838 0 0 Bill Epps Property Manager 40.0 0.0 X 35524 0 0 Steve North Commodore 5.0 0.0 X X 0 0 0 Pat Finnick Vice Commodore 5.0 0.0 X X 0 0 0 Tom King Rear Commodore 5.0 0.0 X X 0 0 0 John Bryant Secretary 3.0 0.0 X X 0 0 0 Jamie Yezzi Treasurer 3.0 0.0 X X 0 0 0 Chris Beisner Past Commodore 1.0 0.0 X 0 0 0 Ben Harbin Governor 1.0 0.0 X 0 0 0 Will Morang Governor 1.0 0.0 X 0 0 0 Kurt Stadele Governor 1.0 0.0 X 0 0 0 Jeremy Pape Governor 1.0 0.0 X 0 0 0 Marian Evatt Governor 1.0 0.0 X 0 0 0 Cathy Freeman Governor 1.0 0.0 X 0 0 0 Carol Reddaway Governor 1.0 0.0 X 0 0 0 Bill Overend Governor 1.0 0.0 X 0 0 0 Amy Larkin Historian 1.0 0.0 X 0 0 0 84362 0 0 0 false false false 0 X 262701 262701 DOCK AND STORAGE FEES 264124 264124 REGATTA REVENUE 2653 2653 SOCIAL EVENT REVENUE 1290 1290 WATERFRONT DIRECTOR RELATED INCOME 10309 10309 UNREALIZED GAINS ON INVESTMENTS MARKED TO MARKET 37177 37177 315553 20 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 713990 796 796 796 579070 316349 20 X 11813 11813 0 0 50479 50479 84362 84362 0 0 0 0 7112 7112 0 0 16764 16764 0 0 0 0 0 0 0 0 72410 72410 0 0 0 0 0 36528 36528 66187 60313 5874 PROPERTY MAINTENANCE COSTS 63831 63831 UTILITIES EXPENSES 8597 8597 PROPERTY MANAGER COSTS 3051 3051 TAXES - PROPERTY 16497 16497 -5981 -5981 431650 409012 22638 146725 102948 905863 893042 0 0 24996 20004 0 0 0 0 0 0 0 0 725 725 1680320 1326844 390004 353476 0 0 0 0 0 0 0 0 1001 2464 1469314 1372659 1024 6225 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6600 6100 7624 12325 X 0 0 0 0 1461690 1360334 1461690 1360334 1469314 1372659 X 147420 -248776 X false false false 39028 39028 358834 249010 109824 857272 784895 72377 425186 292939 132247 353476 0 SECURITY DEPOSIT PAYABLE 1100 HYDRO HOIST DEPOSITS 5000 6100 true Lake Lanier Junior Sailing Program 6206 Commodore Drive Flowery Branch GA 30542 582372611 501(c)(3) 11813 Support sailing education and training, primarily for youth. Schedule I, Part I The Club provides grants to the Lake Lanier Junior Sailing Program, which is an IRC Section 501(c)(3) organization. The Club's Board of Directors approves all grant expenditures and monitors these grants through regular reports to the Board of Directors by the Junior Program Director. Part VI, Section B, Q 11 b The Form 990 is made available to the Officers and Board prior to filing. Access is provided electronically. The Form is reviewed in detail and approved by the Treasurer and the Chair of the Finance Committee prior to being signed and filed. Part VI, Section B, Q 12 b The Conflict of Interest Policy is posted to the Club's website and is available to all members for review. The Policy is noted and compliance requirements are explained to all new officers and Board members at the first meeting of the year. Part VI, Section C, Q 19 The Club's Policies, including the Conflict of Interest Policy, the Whistleblower Policy and the Records Retention Policy, are all available to members on the Club's website. Summary financial information is made available to members monthly on the Club website. Copies of the annual Form 990 are made available upon request. Part VII, Section A All Officers and Board Members serve without any compensation. They are reimbursed for any costs incurred on behalf of the Club, subject to the Club's receipt of appropriate documentation and a written request for reimbursement. The Club has two 'key employees' - a property manager and a waterfront director. The Officers monitor each key employee's compensation and all compensation is approved by the Officers and Board each year. Part Xi, Line 9 Other Changes in Net Assets The Club's Board of Governors sets aside funds in Reserve Accounts (which are included in Ending Net Assets) each year to fund future major maintainence and capital expenditures. During 2019 major maintainence expenditures were charged directly to certain of these Reserve Accounts. The net increase in Net Assets from these net credits to Reserve Accounts totaled $91,038 and were primarily set aside to provide for maintaining the club's docks and clubhouse facilities. In addition, $138,665 was charged directly to Unrestricted Net Assets during the year. Accordingly, the net Other Changes in Net Assets for the year was a decrease of $47,627 Part IX, LN 4, Benefits Paid to or For Members REGATTA EXPENSES $26,555.56 TROPHIES & SOCIAL EVENTS $12,739.87 ANCHOR COMMITTEE EXPENSES $ 296.76 RACE OPERATIONS $10,886.66 TOTAL $50,478.85 Lake Lanier Junior Sailing Program 6206 Commodore Drive Flowery Branch GA 30542 582372611 Education GA 501(c)(3) 10 NONE false false true false false false false false false false false false false true false false false false false Lake Lanier Junior Sailing Program Grant Cash Transfer Lake Lanier Junior Sailing Program Shrd Shared use