2022-02-15T09:56:13-06:00 2021-09-30 821942851 TIDELINE CPA GROUP LLC 1417 STUART ENGALS BLVD 202 MT PLEASANT SC 29464 990 2020-10-01 570620870 JAMES ISLAND YACHT CLUB JAME 8437956060 PO BOX 12840 CHARLESTON SC 29412 MATT WATSON COMMODORE 8437956060 2022-02-12 1 MATT WATSON 999009999 MELONIE HAMMOND-TRACE CPA P00497186 8439723767 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MATT WATSON PO BOX 12840 CHARLESTON SC 29412 1257613 0 X WWW.JIYC.ORG X 1898 SC TO FACILITATE THE SOCIALIZING AND RECREATIONAL ACTIVITIES OF ITS MEMBERS 12 12 19 0 54761 4732 0 0 1274354 846743 6491 -6721 123915 132591 1404760 972613 0 0 0 0 161192 164539 0 0 0 749481 853596 910673 1018135 494087 -45522 4825520 4025302 1632374 877678 3193146 3147624 TO FACILITATE THE SOCIALIZING AND RECREATIONAL ACTIVITIES OF ITS MEMBERS. 0 0 TO FACILITATE THE SOCIALIZING AND RECREATIONAL ACTIVITIES OF ITS MEMBERS. APPROXIMATELY 250 MEMBERS A MONTH SOCIALIZED AT THE CLUB. HELD PARTIES AND OTHER EVENTS THAT RANGED FROM 100 TO 300 MEMBERS. THE CLUB HELD SUMMER SAILING CLASSES THAT TAUGHT APPROXIMATELY 50 KIDS THE PRINCIPLES OF SAILING AND RACING TECHNIQUES. THE CLUB SUCCESSFULLY HELD OUR YEARLY SAILING REGATTA RACES AND FISHING TOURNAMENT. 0 0 0 0 0 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 0 0 0 0 0 1 6 0 1 19 1 1 1 0 0 0 0 83700 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 SC X RON MAGUIRE 8437956060 PO BOX 12840 CHARLESTON SC 29412 X DAN COOK IMMEDIATE PAST COMMODORE 1.00 X X 0 0 0 MATT WATSON COMMODORE 1.00 X X 0 0 0 ROBBIE GETSINGER VICE COMMODORE 1.00 X X 0 0 0 JAY BROWDER TREASURER 1.00 X X 0 0 0 JEFF CIUCCI CORRESPONDING SECRETARY 1.00 X X 0 0 0 JAY STEWART BOARD MEMBER 1.00 X 0 0 0 TOM LEDFORD RECORDING SECRETARY 1.00 X 0 0 0 MILES STALVEY BOARD MEMBER 1.00 X 0 0 0 CHRIS DAVIS BOARD MEMBER 1.00 X 0 0 0 PETE FERRARA BOARD MEMBER 1.00 X 0 0 0 DJ GRACE BOARD MEMBER 1.00 X 0 0 0 JOHN ROHALEY BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES AND AS 900099 735556 735556 SAILING INCOME 900099 90069 90069 ENTERTAINMENT 900099 16118 16118 CLUB RENTAL 900099 5000 5000 846743 1071 1071 7792 -7792 -7792 -7792 334315 277208 57107 57107 KING MACKERAL TOURNAME 110000 54761 54761 MISC INCOME 900099 20723 20723 75484 972613 924573 54761 -6721 146095 18444 4030 19689 140176 16437 750 18670 271064 134873 KING MACKERAL FISHING T 41892 DUES WRITE OFF 70992 TAXES 52344 REGATTA EXPENSE 21514 61165 1018135 1865399 1326951 416121 307873 22953 23512 4639859 2286030 2516158 2353829 4889 4556 8581 4825520 4025302 135215 199880 452495 450740 872407 227058 172257 0 1632374 877678 X 0 0 0 0 3193146 3147624 3193146 3147624 4825520 4025302 -45522 0 X 0 0 0 149461 149461 4239549 2113852 2125697 250849 172178 78671 2353829 NONRECOGNITION OF GAIN INVOLUNTARY CONVERSION PER SEC 1033(A)(2)(A): NOTICE OF REPLACEMENT OF INVOLUNTARY CONVERTED PROPERTY CONVERTED PROPERTY INFORMATION: PIER AND WAVE ATTENUATION STRUCTURES DATE OF CONVERSION: SEPTEMBER 6, 2017 TYPE OF CONVERSION: DESTRUCTION DESCRIPTION OF REPLACEMENT PROPERTY: PIER GROINS AND BULKHEADS, WAVE ATTENUATION SYSTEMS, DOCK FLOATION, AND BOUYS INSURANCE PROCEEDS RECEIVED: $918,797 ($125,312 RECEIVED IN TAX YEAR 2017 AND $793,485 RECEIVED IN TAX YEAR 2016) ADJUSTED BASIS OF ASSETS LOST PLUS EXPENSES TO DATE: $769,308 ($266,616 PURCHASED IN TAX YEAR 2017 AND $502,692 IN TAX YEAR 2016) THE TAXPAYER WILL USE ALL INSURANCE PROCEEDS TO PURCHASE REPLACEMENT PROPERTY IN FUTURE TAX YEARS. EXPIRATION DATE OF REPLACEMENT PERIOD: SEPTEMBER 30, 2021 - CONVERSION PERIOD EXTENED DUE TO PRESIDENTIALLY DECLARED DISASTER- HURRICANE IRMA. NOTICE OF REPLACEMENT OF INVOLUNTARY CONVERTED PROPERTY CONVERTED PROPERTY INFORMATION: REAL PROPERTY-BUILDING AND BUILDING COMPONENTS-CLUBHOUSE DATE OF CONVERSION: SEPTEMBER 6, 2017 TYPE OF CONVERSION: DESTRUCTION DESCRIPTION OF REPLACEMENT PROPERTY: BUILDING AND BUILDING COMPONENTS, HVAC INSURANCE PROCEEDS RECEIVED: $236,312 ($6,222 RECEIVED IN TAX YEAR 2019 AND $230,090 RECEIVED IN TAX YEAR 2017) ADJUSTED BASIS OF ASSETS LOST PLUS EXPENSES TO DATE: $213,545 ($61,706 PURCHASED IN TAX YEAR 2019;$80,352 PURCHASED IN TAX YEAR 2018; AND $71,486 PURCHASED IN TAX YEAR 2017) THE TAXPAYER WILL USE ALL INSURANCE PROCEEDS TO PURCHASE REPLACEMENT PROPERTY IN FUTURE TAX YEARS. EXPIRATION DATE OF REPLACEMENT PERIOD: SEPTEMBER 30, 2021 - CONVERSION PERIOD EXTENED DUE TO PRESIDENTIALLY DECLARED DISASTER- HURRICANE IRMA. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC