2022-11-14T07:35:57-06:00 2021-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2021-01-01 940830750 ST FRANCIS YACHT CLUB STFR 4158203725 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 ALEXANDER LAZZARUOLO TREASURER 4158203725 2022-11-11 1 ALEXANDER LAZZARUOLO 999009999 ALEXANDER LAZZARUOLO P01775353 2126617777 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z X JIM BILDNER 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 17578220 0 X WWW.STYC.COM X 1927 CA TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 17 17 159 40 1083067 237932 14329 198951 652252 7673554 33461 291799 234559 5988557 934601 14152861 0 0 0 0 310767 6025015 0 0 0 558584 6456487 869351 12481502 65250 1671359 19642356 21989998 5060528 5500085 14581828 16489913 SERVE AS THE INSPIRATIONAL CENTER OF BOATING ACTIVITIES REGIONALLY AND A LEADER OF YACHTING INTERNATIONALLY. WE HONOR CAMARADERIE, SPORTSMANSHIP, TRADITION, AND THE MARITIME HERITAGE OF SAN FRANCISCO IN A PREMIER YACHTING ENVIRONMENT. 0 0 TAX-EXEMPT CLUB ACTIVITIES 0 1 0 0 0 0 0 0 1 1 1 0 0 1 0 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 63 0 1 159 1 1 1 0 0 0 0 1213251 1034926 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X ASIF EHSAN CONTROLLER 4158203725 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 X WILLIAM DANA COMMODORE 2.00 X X 0 0 0 PETER GILMORE VICE COMMODORE 2.00 X X 0 0 0 BEAU VROLYK REAR COMMODORE 2.00 X X 0 0 0 CAORLYN PATRICK CHAIRMAN 2.00 X X 0 0 0 PAUL REYFF SECRETARY 2.00 X X 0 0 0 NICOLE BREAULT ASSISTANT SECRETARY 2.00 X X 0 0 0 JIM BILDNER TREASURER 2.00 X X 0 0 0 VICTORIA TERHEYDEN ASSISTANT TREASURER 2.00 X X 0 0 0 JOHN COLLINS DIRECTOR 2.00 X 0 0 0 NADINE FRANCZYK DIRECTOR 2.00 X 0 0 0 STEVE GOULD DIRECTOR 2.00 X 0 0 0 KIM MEEK DIRECTOR 2.00 X 0 0 0 CHRIS PERKINS DIRECTOR 2.00 X 0 0 0 SUSAN RUHNE DIRECTOR 2.00 X 0 0 0 GREG WETTERSTEN DIRECTOR 2.00 X 0 0 0 BRENDEN BRADLEY GENERAL COUNSEL 2.00 X 0 0 0 ADRIAN SAWYER ASSISTANT GENERAL COUNSEL 2.00 X 0 0 0 JOHN MEAGHER GENERAL MANAGER 40.00 X 374046 0 21772 MICHAEL PERRY CLUBHOUSE MANAGER 40.00 X 162716 0 42398 AARON JOHNSON EXECUTIVE CHEF 40.00 X 182276 0 38071 ROSS SCHIVELEY TINSLEY ISLAND MANAGER 40.00 X 162673 0 26134 NOEL OMILA ASSISTANT GM-MEMBERSHIP 40.00 X 158653 0 32140 ASIF EHSAN CONTROLLER 40.00 X 114822 0 8042 1155186 0 168557 8 0 1 0 0 198951 198951 MEMBERSHIP DUES 713990 6460303 6460303 CAPITAL DUES 900099 645201 645201 INITIATION FEES 900099 568050 568050 7673554 128216 128216 2383957 15300 2217356 18318 166601 -3018 163583 163583 6039628 1189685 4849943 4058675 791268 CARES ACT - ERTC 900099 1138614 1138614 1138614 14152861 11732229 1083067 1138614 395818 3718002 133196 1432811 345188 73226 77633 32815 753112 1009862 220539 1047275 20867 1051083 486270 OTHER DEPT. OPERATIONS 1074441 FOOD & BEV. OPERATIONS 262845 CLUBHOUSE OPERATIONS 254125 UNRELATED BUS. INC. TAX 92394 12481502 654590 1743759 885951 1398774 395658 353633 309251 330809 29654560 22386236 7734737 7268324 8781787 10065358 880382 829341 19642356 21989998 1666381 2010873 923294 815219 2470853 2673993 5060528 5500085 X 12995117 14904914 1586711 1584999 14581828 16489913 19642356 21989998 1671359 236726 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1461730 202208 150000 1513938 1429357 32373 1461730 1293673 135684 1429357 1163324 130349 1293673 179797 1000000 -16473 1163324 0.95517 0.04483 0 0 173759 173759 21244496 15887338 5357158 4415813 3027623 1388190 3820492 3471275 349217 7268324 OTHER 10065358 C 10065358 DEFERRED RENT 2437993 DEFERRED INCOME TAXES 236000 2673993 15546457 236726 1189685 1426411 14120046 32815 32815 14152861 13638372 1189685 1189685 12448687 32815 32815 12481502 PART V, LINE 4: THIS PERMANENT ENDOWMENT FUND IS TO BE HELD INDEFINITELY WITH THE INVESTMENT RETURN TEMPORARILY RESTRICTED TO BE USED FOR A SPECIFIC REGATTA. THE ORIGINAL PRINCIPAL OF THE ENDOWMENT FUND CAN ONLY BE USED UPON SPECIFIC INSTRUCTION OF THE DONOR OR THE DONOR'S AUTHORIZED REPRESENTIVE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,189,685. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,189,685. X 0 0 X X X 0 0 0 JOHN MEAGHER GENERAL MANAGER 309046 0 65000 0 0 0 12938 0 8834 0 395818 0 0 0 AARON JOHNSON EXECUTIVE CHEF 162276 0 20000 0 0 0 10748 0 27323 0 220347 0 0 0 MICHAEL PERRY CLUBHOUSE MANAGER 142716 0 20000 0 0 0 8466 0 33932 0 205114 0 0 0 NOEL OMILA ASSISTANT GM-MEMBERSHIP 137653 0 21000 0 0 0 8063 0 24077 0 190793 0 0 0 ROSS SCHIVELEY TINSLEY ISLAND MANAGER 142673 0 20000 0 0 0 8232 0 17902 0 188807 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ST. FRANCIS YACHT CLUB IS A NON-EQUITY CLUB WHERE MEMBER HOLDS NO EQUITY. UPON TERMINATION OF MEMBERSHIP, MEMBER RECEIVES NO MONETARY BENEFITS OR EQUITY IN THE CLUB. BOARD OF DIRECTORS AND APPOINTED OFFICERS (MEMBERS OF THE CLUB) GOVERN THE CLUB. THE CLUB IS INCORPORATED AS A MEMBERSHIP ORGANIZATION FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS AT ITS FEBRUARY MEETING EACH YEAR SHALL APPOINT A NOMINATING COMMITTEE OF FIVE (5) QUALIFIED VOTING MEMBERS AND ONE ALTERNATE, WHO HAVE BEEN MEMBERS OF THE CLUB FOR AT LEAST EIGHT YEARS. NO MORE THAN ONE SITTING DIRECTOR SHALL BE ELIGIBLE FOR APPOINTMENT TO THE NOMINATING COMMITTEE. SUCH DIRECTOR SHALL BE ONE WHOSE TERM EXPIRES IN THE CURRENT YEAR. MEMBERS OF THE NOMINATING COMMITTEE SHALL SERVE UNTIL THE SUCCEEDING FEBRUARY WHEN THEIR SUCCESSORS SHALL BE APPOINTED. NO MEMBER APPOINTED TO THE NOMINATING COMMITTEE, INCLUDING A MEMBER WHO THEREAFTER RESIGNS FROM THE COMMITTEE, SHALL BE NOMINATED FOR OFFICE BY THAT COMMITTEE. ALL PROCEEDINGS OF THE NOMINATING COMMITTEE SHALL BE STRICTLY CONFIDENTIAL. THIS PROVISION IS INTENDED TO ENSURE THAT EVERY INTERVIEW, CONVERSATION, COMMUNICATION, DEBATE AND VOTE, BOTH VERBAL AND WRITTEN, IS CONDUCTED WITH CANDOR AND WITHOUT CONCERN FOR RECRIMINATION. ANY MEMBER WHO ACCEPTS AN APPOINTMENT TO THE NOMINATING COMMITTEE ALSO ACCEPTS THIS OBLIGATION TO MAINTAIN CONFIDENTIALITY. FORM 990, PART VI, SECTION A, LINE 7B AMENDING THE BYLAWS AND INDEBTING THE CLUB WITH AN AMOUNT EXCEEDING ONE YEAR'S NET INCOME (EXCEPT TO IMPROVE OR MAKE ADDITIONS TO THE CLUBHOUSE IN SAN FRANCISCO (INCLUDING FURNISHING, EQUIPMENT AND APPURTENANCES). FORM 990, PART VI, SECTION B, LINE 11B ELECTRONIC COPY OF FORM 990 IS SHARED WITH BOARD OF DIRECTORS FOR THEIR REVIEW AND TO SOLICIT ANY QUESTIONS THEY MAY HAVE. TREASURER WHO IS AN APPOINTED OFFICER AND THE CFO OF THE CLUB REVIEWS AND SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY DOCUMENT IS SIGNED BY EACH BOARD MEMBER EVERY YEAR. THE CONFLICT, IF ANY, IS FULLY DISCLOSED TO THE BOARD MEMBERS IN THE ABSENCE OF CONFLICTED PARTY AND APPROVAL IS TAKEN IN CASE CLUB DECIDES TO AWARD ANY CONTRACT TO THE BOARD MEMBER OR OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION IS DETERMINED BY THE CHAIRMAN OF THE BOARD. OUTSIDE EXECUTIVE SEARCH FIRM IS HIRED TO FIND THE SUITABLE CANDIDATE FOR THE POSITION. THE FIRM PERFORMS MARKET RESEARCH FOR COMPENSATION AND REPORT IT TO THE HIRING COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES AVAILABLE TO THE PUBLIC.