2022-11-15T19:59:02-06:00 2021-12-31 941668792 PETRINOVICH PUGH & COMPANY LLP 333 WEST SANTA CLARA ST 800 SAN JOSE CA 951131716 990 2021-01-01 940836785 THE SAN FRANCISCO YACHT CLUB SANF 4154359133 98 BEACH RD BELVEDERE CA 94920 QUENTIN HILLS TREASURER 4154359133 2022-11-15 1 QUENTIN HILLS 999009999 SCOTT WATTERS P01246213 4082877911 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DONALD JESBURG 98 BEACH RD BELVEDERE CA 94920 7855251 0 X WWW.SFYC.ORG X 1873 CA SEE SCHEDULE O 11 11 77 125 69277 0 80000 80400 4103286 4822177 8511 7167 2714750 2090232 6906547 6999976 0 0 0 0 2805997 3101145 0 0 0 2396558 3280940 5202555 6382085 1703992 617891 21143817 21744955 6164227 6165752 14979590 15579203 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7), WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE SINGLE PURPOSE OF SOCIAL AND RECREATIONAL BENEFITS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE PART VIII FOR LISTING. 0 1 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 77 1 1 1 0 0 0 1 1 327678 95491 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X RANDI KORTVELY 4154359133 98 BEACH RD BELVEDERE CA 94920 DONALD JESBERG COMMODORE 10.00 X X 0 0 0 GARY SHEPPARD VICE COMMODORE 10.00 X X 0 0 0 MADELINE MOREY REAR COMMODORE 10.00 X X 0 0 0 QUENTIN HILLS TREASURER 10.00 X X 0 0 0 JENNIFER DAILEY SECRETARY 10.00 X X 0 0 0 STUART T REILLY JR. STAFF COMMODORE 10.00 X X 0 0 0 ALEXANDER ROTHENBERG DIRECTOR 10.00 X 0 0 0 DAVID WALKER DIRECTOR 10.00 X 0 0 0 MATTHEW SESSIONS DIRECTOR 10.00 X 0 0 0 LESLIE RUHLAND DIRECTOR 10.00 X 0 0 0 ETHAN DOYLE DIRECTOR 10.00 X 0 0 0 DAVID ROBINSON GENERAL MANAGER 40.00 X 248155 0 16808 BLAKE KENNEDY FINANCIAL OFFICIAL 40.00 X 177237 0 15338 FORREST GAY SAILING DIRECTOR 40.00 X 135269 0 14060 RENATO MADRID HEAD CHEF 40.00 X 121776 0 14406 PHILLIP ATCHISON BAR MANAGER 40.00 X 103233 0 10142 785670 0 70754 5 0 1 0 0 80400 80400 MEMBERSHIP DUES 713990 2683634 2683634 BERTH RENTAL 713990 1412722 1412722 YOUTH SAILING 713990 580826 570136 10690 AUXILIARY 713990 82196 82196 REGATTAS 713990 62799 62799 4822177 7167 7167 2074942 855275 1219667 1168247 51420 EMPLOYEE RETENTION CREDIT 722100 485676 485676 INITIATION FEES 722100 327678 327678 NET ASSETS RELEASED FROM RESTRICT 722100 51724 51724 5487 5487 870565 6999976 6850299 69277 0 X 425392 1915573 573651 186529 205508 866892 438626 UNRELATED BUSINESS INCO 594 COMMITTEE EXPENSE 610031 ADMINISTRATIVE AND GENE 303730 PROPERTY TAXES 211127 644432 6382085 550646 1485573 135082 116803 434200 697207 129660 120247 155928 154919 23648154 7561616 16710410 16086538 3027891 3083668 21143817 21744955 136747 310316 340642 384026 5686838 5471410 6164227 6165752 X 14844508 15462400 135082 116803 14979590 15579203 21143817 21744955 X 617891 -18278 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 3449835 3449835 2070858 2840974 -770116 2634134 1893815 740319 15493327 2826827 12666500 16086538 DESIGNATED CASH & INVESTMENTS 3083668 3083668 CONSTRUCTION LOAN 5471410 5471410 X 7855251 855275 855275 6999976 0 6999976 7237360 855275 855275 6382085 0 6382085 PART III, LINE 1A: VARIOUS PIECES OF ARTWORK ARE DISPLAYED IN THE CLUB AS WELL AS PERPETUAL TROPHIES FOR THE ENJOYMENT OF THE MEMBERS. PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES THAT POSITIONS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 855,275. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 855,275. X 0 1 X X X X X 0 0 0 DAVID ROBINSON GENERAL MANAGER 194365 0 41790 0 12000 0 6524 0 10284 0 264963 0 0 0 BLAKE KENNEDY FINANCIAL OFFICIAL 151907 0 20000 0 5330 0 4993 0 10345 0 192575 0 0 0 PART I, LINE 1B RECEIPTS WERE SUBMITTED FOR REIMBURSEMENT UP TO THE ALLOTTED AMOUNT IN CONTRACT. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE CLUB'S MISSION IS TO PROMOTE THE SCIENCE AND ART OF NAVIGATION AND NAVAL ARCHITECTURE, ENCOURAGE AND ASSIST IN MAKING MEMBERS PROFICIENT IN YACHTING, PROMOTE AQUATIC SPORTS, AND PROMOTE SOCIAL ACTIVITIES AMONG ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE CLUB HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - THE DECISIONS OF THE GOVERNING BODY OF THE CLUB ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REQUEST TO REVIEW AND DISCLOSE AS RELATED TO CONFLICT POLICY BY ALL BOARD DIRECTORS AND COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS PERIODICALLY TO REVIEW SALARIES AND SET WAGE INCREASES AND BONUSES FOR MANAGEMENT EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION AT THE CLUB. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND AVAILABLE FOR INSPECTION AT THE CLUB. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION OF THE CLUB. FORM 990, PART IX, LINE 24E UTILITIES 190,818. REPAIRS AND MAINTENANCE 188,674. JUNIOR SAILING PROGRAM 139,983. FOOD AND BEVERAGE 97,891. BERTHS, STORAGE AND LOCKER RENTAL 27,066. FORM 990, PART XI, LINE 9: CONTRIBUTIONS, REGATTA SUPPORT 33,410. RELEASE FROM RESTRICTION, REGATTA SUPPORT -51,724. INVESTMENT INCOME 36. FORM 990, LINE 2C NO CHANGE FROM PRIOR YEAR.