2022-11-09T11:12:29-05:00 2021-12-31 Ann Diggs CPA PO Box 2336 Wilmington NC 28402 990 2021-01-01 562229687 BALD HEAD ISLAND YACHT CLUB BALD PO BOX 3029 BALD HEAD ISLAND NC 28461 THOMAS STEVE HENSON COMMODORE 9104577380 2022-11-01 true THOMAS STEVE HENSON XXX-XX-XXXX Ann Diggs Herman P00419855 9104094962 2022-11-09 X 0 00 AAL2 IAL1 2021 2022-09-23 18:48:47Z 519459 false X X 2001 NC Social and recreational - to encourage the sport of boating, to promote the science of seamanship and navigation, and to provide and maintain a suitable ancorage for the pleasure and recreation of its Members and their guests. 7 7 0 -12 0 0 496340 498612 3044 1538 -2100 -1550 497284 498600 0 0 0 0 0 319674 356208 319674 356208 177610 142392 2220287 2440689 276475 351835 1943812 2088854 Social and recreational - to encourage the sport of boating, to promote the science of seamanship and navigation, and to provide and maintain a suitable ancorage for the pleasure and recreation of its Members and their guests. false false Regular Board meetings and the Annual Membership Meeting were conducted via telephone, and in person at years end. At these meetings Club business items were discussed, financial performance reviews were conducted, and the 2022 budget was formulated and approved. Bathhouse renovations were completed in 2021 and a new deck and roof addition were started. Socials planned for 2021 were cancelled due to COVID-19, however the annual meeting of the membership and social were held at years end.Memberships at the end of 2021 totaled 184. Memberships with a vote totaled 179. 27 memberships were sold and transferred to new members in 2021. Elections were held to reelect four Board members and newly elect one. Accounts have been funded adequately to maintain necessary cash flows required for daily operations and future major renovations. false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false true X 0 0 0 true false false false false false 0 17459 false false false X 7 7 true true false false true true true true true false false false true false true false true false false false NC X Ann Diggs Herman 9104094962 107 Chestnut St Wilmington NC 28401 X SCOTT INGERSOLL DIRECTOR 1.00 0.00 X 0 0 0 VANCE JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 JOHN MUNROE DIRECTOR 1.00 0.00 X 0 0 0 ALAN H NORTON DIRECTOR 1.00 0.00 X 0 0 0 THOMAS STEVE HENSON COMMODORE 1.00 0.00 X 0 0 0 KRISTIN C HENSON SECTREASURER 1.00 0.00 X 0 0 0 DARRYL EARLY VICE-COMMODORE 1.00 0.00 X 0 0 0 0 0 0 0 false false false Membership Dues 713990 498612 498612 ResignForfeit Mbrships 713990 Membership Sales Rev 713990 498612 1538 1538 17459 19769 -2310 -2310 -2310 1850 1090 760 760 498600 498612 -12 0 27053 914 3896 7381 28648 20786 OTHER-STATEMENT ATTACHED 267530 267530 356208 0 0 0 54919 50337 1410698 1320250 61 1802 4798 6119 2916 717670 134348 498611 583322 251200 475943 2220287 2440689 31013 22117 87156 81280 158293 248422 13 16 276475 351835 X 1943812 2088854 1943812 2088854 2220287 2440689 X 142392 2650 X false false false 40295 40295 336618 37199 299419 1387 602 785 339370 96547 242823 583322 ResignedForfeited Memberships 251200 Construction in Progress 224743 475943 Sales Tax Payable 16 16 Henson Building Corporation Owned by the PresidentCommodore 114338 Construction of bathhouse improvements false Unrelated business income explanation Part V line 3b The IRS approved our Form 8868 requesting an automatic extension to file our December 31, 2021 Form 990-T to November 15, 2022. Our Form 990-T is being prepared and will be filed prior to the granted November 15, 2022 extension date. Officer directors etc family relationship Part VI line 2 The Commodore, Steve T. Henson, is married to the Secretary/Treasurer, Kristin M. Henson. Management duties delegation Part VI line 3 Management of day to day operations of the organization are performed under a management agreement with Bald Head Island, Ltd. Members or stockholder classes and rights Part VI line 6 Bald Head Island Yacht Club is a nonprofit corporation with members. Member election for additional members Part VI line 7a The Yacht Clubs members select one or more members of the governing body. Governing body decisions Part VI line 7b The members approve assessments not related to regular maintenance, and changes to Bylaws. Form 990 governing body review Part VI line 11 Form 990 is reviewed by the manager of the Bald Head Island Marina, and by the Officer signing the return. Conflict of interest policy compliance Part VI line 12c Per the Bald Head Island Yacht Club Conflict of Interest Policy, the Bald Head Island Yacht Club Board of Directors reviewed a principal officers bid for construction work on the Yacht Clubs property. The bid was compared to another unaffiliated independent contractor and found to be favorable. The principal officer abstained from the vote. Governing documents etc available to public Part VI line 19 Governing documents and financials are provided to applicants for membership, and mailed or given to members at least annually. Financials are reviewed by the Board at least three times annually. Explanation of other changes in net assets or fund balances Part XI line 9 Other change in fund balance was federal income tax refund for prior year received in 2021.