2022-02-28T08:27:51-06:00 2021-04-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2020-05-01 590326329 LAUDERDALE YACHT CLUB INC LAUD 9545245500 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 W GREY MARKER TREASURER 9545245500 2022-02-16 1 W GREY MARKER 999009999 CHRISTOPHER CECIL P01877773 5616971785 2022-02-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEPHANIE J TOOTHAKER 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 8775326 0 X LYC1938.ORG X 1938 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 291 75 316153 0 0 0 6967709 5081926 -1246179 -16702 1525295 2116436 7246825 7181660 0 0 0 0 3938804 4859297 0 0 0 3909023 4565204 7847827 9424501 -601002 -2242841 27631681 34849481 12925236 20262052 14706445 14587429 LAUDERDALE YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES RESTAURANT, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 47 0 1 291 1 1 1 0 0 0 1 1 0 372281 0 0 0 X 15 15 0 0 1 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 X SCOTT T BARTER CHIEF FINANCIAL OFFICER 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 33316 R STEPHEN HYATT COMMODORE 5.00 X X 0 0 0 STEPHANIE J TOOTHAKER ESQ VICE COMMODORE 1.00 X X 0 0 0 WIL H SHRINER REAR COMMODORE 1.00 X X 0 0 0 EDWARD T YEVOLI TREASURER 3.00 X X 0 0 0 CHRISTOPHER J LEONARD SECRETARY 1.00 X X 0 0 0 CHARLES S CAULKINS LEGAL OFFICER 1.00 X 0 0 0 KARL J HILL FLEET CAPTAIN 1.00 X 0 0 0 EROL YOLDAS MD FLEET SURGEON 1.00 X 0 0 0 RICK BURGESS FLEET HISTORIAN 1.00 X 0 0 0 ALBERTO CASARETTO MD GOVERNOR 1.00 X 0 0 0 THOMAS T COON JR ESQ GOVERNOR 1.00 X 0 0 0 JB EASTERLING GOVERNOR 1.00 X 0 0 0 KENT FOX GOVERNOR 1.00 X 0 0 0 JAMES MAUS GOVERNOR 1.00 X 0 0 0 TED MORLEY GOVERNOR 1.00 X 0 0 0 MICHAEL CRISSY GOVERNOR 1.00 X 0 0 0 MARTY MCGROGAN GOVERNOR 1.00 X 0 0 0 RON MCTIGHE GOVERNOR 1.00 X 0 0 0 LAUREN GADD DIRECTOR OF FINANCE 55.00 X 140443 0 6453 NADINE D ROCKWELL GENERAL MANAGER 55.00 X 256766 0 17325 SCOTT PUKYS DIRECTOR OF TENNIS 50.00 X 154400 0 9592 551609 0 33370 3 0 1 0 BROWN & BROWN OF FLORIDA INC 1661 WORTHINGTON RD 175 WEST PALM BEACH FL 33409 INSURANCE 332357 AVMED D 860363 ORLANDO FL 328860363 HEALTH INSURANCE 267101 PNC BANK 10973 N MILITARY TRAIL PALM BEACH GARDENS FL 33410 FINANCIAL 259755 CHUBB GROUP OF INS CO PO BOX 382001 PITTSBURGH PA 152508001 INSURANCE 204970 BROWARD CO TAX COLLECTOR 115 S ANDREWS AVE 100 FORT LAUDERDALE FL 33301 TAXES 203198 5 DUES & ASSESSMENTS 713910 3615887 3615887 YACHTING 713910 650234 415853 234381 DOCKS AND HARBOR 713910 432748 428062 4686 TENNIS 713910 249214 249214 YOUTH ACTIVITIES 713910 65523 65523 68320 68320 5081926 4683 4683 2900 24285 -21385 -21385 -21385 3438796 1569381 1869415 1797012 72403 GENERAL FACILITY FEE 713910 125049 125049 MEMBER FINANCING 713910 96357 96357 MISCELLANEOUS 713910 25615 25615 247021 7181660 6886892 316153 -21385 4189506 669791 86514 542117 594648 1172289 339975 REPAIRS & ADMIN. 704852 FOOD AND BEVERAGE 390177 ENTERTAINMENT COMMITTEE 245270 YACHTING COMMITTEE 170869 318493 9424501 1867653 870713 444686 719041 666596 1224474 605016 136870 237974 174454 353292 38071615 6631198 23734336 31440417 2070 3570 27631681 34849481 3436236 1919401 603188 699925 8885812 17642726 12925236 20262052 X 14706445 14587429 14706445 14587429 27631681 34849481 X -2242841 -605016 2728841 X X 0 1 X 1 0 1176052 1176052 30412225 5467116 24945109 3008226 540780 2467446 3475112 623302 2851810 31440417 X 8751041 1569381 1569381 7181660 0 7181660 10993882 1569381 1569381 9424501 0 9424501 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,569,381. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,569,381. 1 X X X X 0 0 0 NADINE D ROCKWELL GENERAL MANAGER 174980 0 53536 0 28250 0 7795 0 9530 0 274091 0 0 0 SCOTT PUKYS DIRECTOR OF TENNIS 23485 0 115235 0 15680 0 6272 0 3320 0 163992 0 0 0 CLYDE WRIGHT II FORMER COMMODORE (2003 TERM) 452773 THE FORMER OFFICER RECEIVED COMMISSIONS FOR SOURCING THE CLUB'S PROPERTY AND LIABILITY INSURANCE POLICY WITH BROWN AND BROWN INSURANCE IN AN ARMS LENGTH TRANSACTION. 0 FORM 990, PART VI, SECTION A, LINE 4 1) ON 11/11/20 THE INITIATION FEE WAS INCREASED FROM $18,000 TO $25,000. 2) ON 11/11/20 A NEW PROVISIONAL MEMBERSHIP PROVISION WAS ADDED. 3) ON 4/14/21 THE MEMBERSHIP APPROVED A SPECIAL MONTHLY OPERATING ASSESSMENT TO FUND PROJECTED OPERATING DEFICITS FOR THE NEXT FISCAL YEAR, BEGINNING 5/1/21. THE ASSESSMENT IS $95 PER REGULAR MEMBER, PER MONTH AND WILL BE 12 MONTHS IN DURATION. THE AMOUNT WILL BE ADJUSTED BY MEMBERSHIP CATEGORY. 4) ON 4/11/21 A DISPUTE RESOLUTION SECTION WAS ADDED TO THE BY-LAWS IN SECTION VII. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES CAN PARTICIPATE IN THE ELECTION OF OFFICERS AND GOVERNORS: REGULAR, SENIOR, AND JUNIOR MEMBERS AGE 29 AND UP WHO HAVE BEEN MEMBERS FOR AT LEAST ONE YEAR. FORM 990, PART VI, SECTION A, LINE 7B NEW CAPITAL ASSESSMENTS, DUES INCREASES, OPERATING ASSESSMENTS OVER 5% OF THE DUES RATE, AND SERVICE CHARGE INCREASES ARE ALL SUBJECT TO APPROVAL BY REGULAR AND SENIOR MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE THAT IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD HAS DELEGATED REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER. THE TREASURER REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD MEETS ANNUALLY TO DETERMINE THE COMPENSATION FOR THE GENERAL MANAGER/COO. ALL THE OTHER POSITION'S COMPENSATION ARE APPROVED BY THE GENERAL MANAGER/COO. COMPENSATION STUDIES, INDUSTRY STUDIES, AND EMPLOYMENT CONTRACT AGREEMENTS ARE USED IN THE DETERMINATION AND DOCUMENTATION OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON INSPECTION AT THE CLUB AND ON ITS WEBSITE. THE CLUB MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION FEES 1,333,198. REDEMPTION OF BONDS 91,592. CLUBHOUSE RENOVATION ASSESSMENT 1,304,051. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. LAUDERDALE YACHT CLUB SAILING FOUNDATION INC 271035675 YOUTH SAILING EDUCATION IN SOUTH FLORIDA FL 501(C)3 LINE 11 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0