2022-11-08T15:11:14-06:00 2021-12-31 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR ROAD SUITE 302 MILWAUKEE WI 532263255 990 2021-01-01 390478680 MILWAUKEE YACHT CLUB MILW 4142714455 1700 N LINCOLN MEMORIAL DRIVE MILWAUKEE WI 53202 WILLIAM BAXTER TREASURER 4142714455 2022-11-07 1 WILLIAM BAXTER 999009999 BRAD M VOGHT P00631496 4142717800 2022-11-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WILLIAM BAXTER 1700 N LINCOLN MEMORIAL DRIVE MILWAUKEE WI 53202 3046893 0 X WWW.MILWAUKEEYC.COM X 1871 WI THE ORGANIZATION'S MISSION IS TO COOPERATE WITH THE UNITED STATES NAVY AND THE UNITED STATES COAST GUARD; TO DEVELOP AND ENCOURAGE SAIL AND POWER BOATING AND YACHT BUILDING, AND THE KNOWLEDGE OF NAVAL ARCHITECTURE; TO ACQUIRE, CULTIVATE, AND DISSEMINATE NAVAL SCIENCE AND NAUTICAL KNOWLEDGE, CUSTOMS AND BELIEFS; TO STUDY, TEACH AND INDULGE IN SAILING, POWER BOATING, SWIMMING AND ALL OTHER OUTDOOR OR INDOOR SPORTS AND RECREATION WHICH TEND TO PROMOTE SPORTSMANSHIP, CLOSER FELLOWSHIP AND SOCIAL INTERCOURSE AMONG ITS MEMBERS; AND TO ACQUIRE, HOLD AND OWN SUCH REAL AND PERSONAL PROPERTY AS MAY BE DEEMED NECESSARY OR USEFUL FOR THE FURTHERANCE OF ITS BUSINESS AND PURPOSES. 12 11 68 11 82414 11667 26460 674227 1302799 1569766 12505 387 50531 27479 1392295 2271859 0 0 0 0 507841 645444 0 0 0 784439 985686 1292280 1631130 100015 640729 1324186 1999192 419119 453396 905067 1545796 X THE ORGANIZATION'S MISSION IS TO COOPERATE WITH THE UNITED STATES NAVY AND THE UNITED STATES COAST GUARD; TO DEVELOP AND ENCOURAGE SAIL AND POWER BOATING AND YACHT BUILDING, AND THE KNOWLEDGE OF NAVAL ARCHITECTURE; TO ACQUIRE, CULTIVATE, AND DISSEMINATE NAVAL SCIENCE AND NAUTICAL KNOWLEDGE, CUSTOMS AND BELIEFS; TO STUDY, TEACH AND INDULGE IN SAILING, POWER BOATING, SWIMMING AND ALL OTHER OUTDOOR OR INDOOR SPORTS AND RECREATION WHICH TEND TO PROMOTE SPORTSMANSHIP, CLOSER FELLOWSHIP AND SOCIAL INTERCOURSE AMONG ITS MEMBERS; AND TO ACQUIRE, HOLD AND OWN SUCH REAL AND PERSONAL PROPERTY AS MAY BE DEEMED NECESSARY OR USEFUL FOR THE FURTHERANCE OF ITS BUSINESS AND PURPOSES. 0 0 THE CLUB PROVIDES SAILING, BOATING, AND OTHER FORMS OF RECREATION TO ITS MEMBERS. THE CLUB ALSO OFFERS ITS MEMBERS DINING AND SOCIAL ACTIVITIES. THE CLUB HAS A FULL-TIME STAFF TO OFFER A WIDE VARIETY OF DOCK SERVICES INCLUDING SUMMER AND WINTER STORAGE. THE CLUB ALSO MAINTAINS A JUNIOR PROGRAM FOR BOATERS, WHICH ENTAILS SAILING AND RACING LESSONS FOR BEGINNERS AND INTERMEDIATE BOATERS. THE CLUB ALSO ORGANIZES VARIOUS REGATTAS THROUGHOUT THE YEAR TO FURTHER ENHANCE THE YACHTING EXPERIENCE. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 68 1 1 1 0 0 0 1 1 0 0 89738 157860 0 0 0 X 12 11 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 X X GAIL KITA 4142714455 1700 N LINCOLN MEMORIAL DR MILWAUKEE WI 53202 BRIAN COTA COMMODORE 5.00 X X 3965 0 0 ANGIE DOGGETT VICE COMMODORE 5.00 X X 0 0 0 DEREK PLEASANTS REAR COMMODORE 5.00 X X 0 0 0 TIM DITTLOFF SECRETARY 5.00 X X 0 0 0 JOHN WINGER TREASURER 5.00 X X 0 0 0 CURTIS GLASSEN DIRECTOR 5.00 X 0 0 0 GLEN BOYLE DIRECTOR 5.00 X 0 0 0 SALLY FALCI DIRECTOR 5.00 X 0 0 0 REBECCA OSBORN DIRECTOR 5.00 X 0 0 0 STEVE DOLAN DIRECTOR 5.00 X 0 0 0 SCOTT SCHARFF DIRECTOR 5.00 X 0 0 0 PAUL MCGAUN DIRECTOR 5.00 X 0 0 0 MATT MICHAEL GENERAL MANAGER 40.00 X 108537 0 17308 112502 0 17308 1 0 0 0 0 392346 281881 674227 MEMBERSHIP DUES 900099 1080718 1080718 YARD/DOCK FEES 900099 396612 396612 SAILING AND RACING FEE 900099 54293 22768 31525 ROOM/EQUIPMENT FEES 900099 38143 22909 15234 1569766 387 387 729852 775034 -45182 -80450 35268 CREDIT ON RENT 900099 66708 66708 FINANCE CHARGES 900099 5242 5242 MISC. INCOME 900099 711 711 72661 2271859 1515218 82414 0 129810 419203 12498 45070 38863 10100 30355 1047 9519 271481 773 165424 76431 MAINTNENANCE/SUPPLIES 182559 CAPITAL PROJECT EXPENSE 71410 CONTRACTS/LEASES 48193 BAD DEBT 25000 93394 1631130 240030 513767 3124 179899 0 217631 241467 214647 63194 77285 12652 24987 4932143 4178429 763719 753714 0 17262 1324186 1999192 172319 241320 246800 212076 419119 453396 X 905067 1328165 217631 905067 1545796 1324186 1999192 640729 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3827800 3330909 496891 1025704 847520 178184 78639 78639 753714 X PART X, LINE 2: THE CLUB HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECONIZING,INTEREST, PENALTIES AND DISCLOSURE REQUIREMENTS. MANAGEMENT OF THE CLUB EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE CLUB RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME EXPENSE. THE CLUB HAS NO LIABILITY FOR UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED AT THE CLUB'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD SUBMITS ANY DECISIONS THAT WOULD MATERIALLY AFFECT THE CLUB TO THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANNUAL CONFLICT OF INTEREST STATEMENTS FROM EACH BOARD MEMBER AND MANAGEMENT EMPLOYEE AND MAKES DECISIONS AS REQUIRED TO AVOID ACTUAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A DECISIONS REGARDING COMPENSATION FOR THE CLUB MANAGER CONSIDER THE SALARIES OF PEOPLE IN SIMILAR POSITIONS ELSEWHERE. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON APPROVAL OF THE CLUB MANAGER OR BOARD OF DIRECTORS. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.