2022-02-16T13:24:16-06:00 2021-09-30 592840381 PHILLIPS HARVEY GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2020-10-01 596213933 NAPLES SAILING AND YACHT CLUB NAPL 2397740424 896 RIVER POINT DRIVE NAPLES FL 34102 FRANK CORVINO COMMODORE 2397740424 2022-02-16 1 FRANK CORVINO 999009999 NATHAN A PHILLIPS CPA P00189856 2395661600 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FRANK CORVINO 896 RIVER POINT DRIVE NAPLES FL 34102 5053958 0 X WWW.THENSYC.COM X 1965 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 52 20 131714 0 0 0 2440082 2384438 -61979 2823 1858626 2228622 4236729 4615883 0 0 0 0 2398572 2078907 0 0 0 1593407 1506459 3991979 3585366 244750 1030517 7438406 8220136 3639174 3486086 3799232 4734050 NAPLES SAILING & YACHT CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF THE CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDED DOCKAGE AND SOCIAL ACTIVITIES TO APPROXIMATELY 300 MEMBERS DURING THE YEAR. TOTAL FOOD & BEVERAGE AND MERCHANDISE REVENUE FOR THE YEAR ENDED 09/30/2021 WAS $1,005,083 OF WHICH $117,787 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 20 0 1 52 1 1 1 0 0 0 1 1 416703 179269 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 1 1 0 X GREG BARTELS CONTROLLER 2397740424 896 RIVER POINT DRIVE NAPLES FL 34102 FRANK CORVINO COMMODORE 2.00 X X 0 0 0 TOM MCCARTHY VICE COMMODORE 2.00 X X 0 0 0 BOB LEACH REAR COMMODORE 2.00 X X 0 0 0 MIKE MINCH TREASURER 2.00 X X 0 0 0 DEAN LOHMAN SECRETARY 2.00 X X 0 0 0 KELLY FLYNN DIRECTOR 1.00 X 0 0 0 CAROL JOSEPH DIRECTOR 1.00 X 0 0 0 RICK RUST DIRECTOR 1.00 X 0 0 0 STEVE WEDEL DIRECTOR 1.00 X 0 0 0 MIKE MANLEY DIRECTOR 1.00 X 0 0 0 MARY CLAIRE MOSER DIRECTOR 1.00 X 0 0 0 STEVE ARBAUGH DIRECTOR 1.00 X 0 0 0 MANUEL BLANCO GENERAL MANAGER 52.00 X 228392 0 17822 GREG BARTELS CONTROLLER 40.00 X 87296 0 12494 MICHAEL MADSEN HEAD CHEF 40.00 X 151893 0 14636 ANN MARIE ASHLINE DIRECTOR OF MEMBERSHIP 40.00 X 110525 0 0 578106 0 44952 3 0 1 0 0 MEMBER DUES 713910 1521672 1521672 DOCKAGE AND SERVICE FEES 713910 662773 601291 61482 SERVICE CHARGES 713910 199993 199993 2384438 2823 2823 6945 0 6945 6945 6945 1005083 438075 567008 499599 67409 CAPITAL DUES 713910 506425 506425 CAPITAL CONTRIBUTIONS FROM NEW VO 713910 416703 416703 DEBT FORGIVENESS 713910 402500 402500 329041 329041 1654669 4615883 4484169 131714 0 471398 1250182 34692 189803 132832 4452 25194 24344 26731 22055 79846 557854 87670 ADMINISTRATIVE AND GENE 184762 FOOD AND BEVERAGE 121513 UTILITIES 104592 DOCKAGE & SHIP'S STORE 97117 170329 3585366 1775534 650 557432 3396200 52016 27971 82364 80878 124957 126561 11604709 7112465 4840713 4492244 5390 95632 7438406 8220136 262297 328807 828863 978692 2145514 2038223 402500 140364 3639174 3486086 X 3799232 4734050 3799232 4734050 7438406 8220136 X 1030517 -95699 X 0 0 1 0 93722 93722 7705124 4978434 2726690 2300223 1605501 694722 1505640 528530 977110 4492244 DEFERRED INITIAL CAPITAL FEES 140364 140364 X 4853965 438075 438075 4415890 199993 199993 4615883 3823448 438075 438075 3385373 199993 199993 3585366 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 ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 438,075. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 199,993. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 438,075. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 199,993. X 0 0 0 MANUEL BLANCO GENERAL MANAGER 194702 0 14190 0 19500 0 7922 0 9900 0 246214 0 0 0 MICHAEL MADSEN HEAD CHEF 101674 0 24219 0 26000 0 5336 0 9300 0 166529 0 0 0 GREG BARTELS CONTROLLER 78642 0 2450 0 6204 0 3394 0 9100 0 99790 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED YACHT CLUB OFFERING RESTAURANT FACILITIES, DOCKAGE, AND SOCIAL ACTIVITIES TO ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ONLY FULL MEMBERSHIPS HAVE VOTING PRIVILEDGES (1 VOTE PER FAMILY). FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTORS DECISIONS SUBJECT TO MEMBERSHIP APPROVAL ARE CHANGES TO THE BYLAWS, ADMISSION, RESIGNATION, SUSPENSION AND EXPULSION OF MEMBERS, AND CAPITAL EXPENDITURES OVER $150,000 ARE SUBJECT TO APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CONTROLLER, GENERAL MANAGER, TREASURER, COMMODORE, VICE COMMODORE, AND REAR COMMODORE, PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE SALARIES FOR THE GENERAL MANAGER, THE EXECUTIVE CHEF, THE DIRECTOR OF MEMBERSHIP, THE FOOD & BEVERAGE MANAGER, AND THE DOCK MANAGER, BASED ON DATA SUPPLIED BY THE TRENDS REPORT. ADDITIONAL COMPENSATION IS BASED ON MERIT AND PERFORMANCE, WITH METRICS SUCH AS MEMBERSHIP LEVELS AND PROFITABILITY AMOUNTS. ALL OTHER EMPLOYEES' BASE PAY IS DETERMINED BY THE GENERAL MANAGER USING LOCAL DATA AND PERFORMANCE. 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 ORGANIZATION DOES NOT PROVIDE COPIES OF THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY. FORM 990, PART XI, LINE 9: IMPLEMENTATION OF FASB 606 ASU 2014-09 -95,699.