2022-07-26T16:41:20-05:00 2021-09-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2020-10-01 590904526 NAPLES YACHT CLUB INC NAPL 2392626648 700 14TH AVENUE SOUTH NAPLES FL 34102 CAROL GIRARDIN TREASURER 2392626648 2022-06-06 1 CAROL GIRARDIN 999009999 CHRISTOPHER CECIL P01877773 5616971785 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOSEPH W MCCLANATHAN 700 14TH AVENUE SOUTH NAPLES FL 34102 7277076 0 X WWW.NAPLESYC.ORG X 1947 FL THE NAPLES YACHT CLUB (NYC) IS A PRIVATE YACHT AND SOCIAL CLUB ORGANIZED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. 9 9 80 85 208341 0 0 0 4417382 4646087 2772 2169 2794250 1475617 7214404 6123873 0 0 0 0 3150178 3022270 0 0 0 3043288 4096528 6193466 7118798 1020938 -994925 21572938 20807811 10956959 6614335 10615979 14193476 X THE NAPLES YACHT CLUB IS A PRIVATE YACHT AND SOCIAL CLUB WITH A "BY INVITATION ONLY" MEMBERSHIP POLICY. THE CLUB SHALL ENCOURAGE THE SPORT OF YACHTING AND PROVIDE EXCELLENT BOATING FACILITIES AND ACTIVITIES FOR ITS MEMBERS. FURTHER, THE CLUB SHALL ENCOURAGE A WARM SOCIAL ENVIRONMENT. 0 0 THE CLUB MAINTAINS A DINING FACILITY FOR THE BENEFIT OF ITS MEMBERS. FOR THE YEAR 09/30/21, FOOD AND BEVERAGE SALES TOTALED $ 1,956,605 OF WHICH $166,229 WAS NON-MEMBER RELATED. THE CLUB MAINTAINS A MARINA AREA FOR THE BENEFIT OF ITS MEMBERS. FOR THE YEAR 09/30/21, MARINA SALES TOTALED $ 583,636 OF WHICH $ 117,895 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 10 0 1 80 1 1 1 0 0 0 1 1 0 284124 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANN MARIE MEGENIS 2392626648 700 14TH AVENUE SOUTH NAPLES FL 34102 JOSEPH W MCCLANATHAN COMMODORE 4.00 X X 0 0 0 RICHARD B MAXWELL VICE COMMODORE 4.00 X X 0 0 0 KATHY P KING REAR COMMODORE 4.00 X X 0 0 0 CAROL E GIRARDIN TREASURER 4.00 X X 0 0 0 THOMAS G FITZGERALD SECRETARY 4.00 X X 0 0 0 BRETT A PHEFFER DIRECTOR 2.00 X 0 0 0 STEVEN R MCGIRR DIRECTOR 2.00 X 0 0 0 JOHN H TISDEL DIRECTOR 2.00 X 0 0 0 C RUSSELL MCKEE DIRECTOR 2.00 X 0 0 0 CHRISTINA FRIDLEY CFO/CONTROLLER 40.00 X 122113 0 8028 MICHAEL MOONEY GENERAL MANAGER 40.00 X 263334 0 9597 MICHAEL KATZ EXECUTIVE CHEF 40.00 X 109720 0 1105 495167 0 18730 3 0 1 0 0 MEMBERSHIP DUES 713910 3542285 3542285 MARINA INCOME 713910 583636 465741 117895 SERVICE CHARGES 713910 466389 466389 SERVICE REVENUE 713910 53777 53777 4646087 2169 2169 2257250 1153203 1104047 1015770 88277 INTEREST RATE SWAP AGREEMENT 713910 245648 245648 HOLIDAY FUND INCOME 713910 125567 125567 MISCELLANEOUS INCOME 713910 355 355 371570 6123873 5915532 208341 0 403071 2619199 315767 1122659 223388 FOOD & BEVERAGE 878889 CLUBHOUSE AND GROUNDS 795599 MARINA OPERATIONS 225610 ADMINISTRATIVE & GENERA 214569 320047 7118798 3301015 3240193 91543 227401 162438 182573 92831 143205 26229807 9215368 17896271 17014439 28840 21572938 20807811 306600 128354 2094896 1354230 7855154 4376621 700309 755130 10956959 6614335 X 10615979 14193476 10615979 14193476 21572938 20807811 X -994925 4572422 X 0 1 X 1 0 1220238 1220238 20224575 7452224 12772351 1144368 421669 722699 3640626 1341475 2299151 17014439 CURRENT PORTION OF LONG TERM DEBT 367328 ACCRUED EXPENSES 387802 755130 X 7277076 1153203 1153203 6123873 0 6123873 8272001 1153203 1153203 7118798 0 7118798 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITION AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS 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 FASB ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 1,153,203. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,153,203. X 1 1 X X X X 0 0 0 MICHAEL MOONEY GENERAL MANAGER 188372 0 48200 0 26762 0 8086 0 1511 0 272931 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 UPDATED BY-LAWS WERE PROVIDED TO STAFF. FORM 990, PART VI, SECTION A, LINE 6 THE NAPLES YACHT CLUB (NYC) IS A PRIVATE YACHT AND SOCIAL CLUB ORGANIZED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOTH BOATER AND NON-BOATERS HAVE VOTING RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS IS THE GOVERNING BODY FOR THE CLUB. THE ONLY DECISIONS THAT ARE REQUIRED TO BE RATIFIED BY A MAJORITY OF THE MEMBERS ARE CHANGES TO THE CLUB'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990/990T IS PREPARED AND SENT TO THE CFO/CONTROLLER BY THE CPA FIRM, THEN REVIEWED BY THE TREASURER AND AUDIT COMMITTEE, WHO THEN APPROVE IT AND RECOMMEND THAT APPROVAL OF THE BOARD OF DIRECTORS. THE BOARD APPROVES THE RETURN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY FORM IS GIVEN TO ALL KEY EMPLOYEES AND CURRENT/FORMER BOARD OF DIRECTORS. THE POLICY IS REVIEWED ANNUALLY." FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS THE GENERAL MANAGER AND CFO/CONTROLLER PARTICIPATE IN AND RECEIVE NUMEROUS COMPENSATION SURVEYS FROM CLUBS THAT ARE CONSIDERED SIMILAR TO NAPLES YACHT CLUB. THE CLUB ROUTINELY COMPARES THE SALARIES AND WAGES OF ALL THEIR EMPLOYEES WITH THOSE OF OTHER CLUBS. THE COMMODORE PERFORMS THE SAME TYPE OF REVIEW FOR THE GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FIANCIAL STATEMENTS COPIES UPON REQUEST. FORM 990, PART XI, LINE 9: INITIATION CONTRIBUTIONS 3,784,900. SPECIAL CAPITAL ASSESSMENT 118,400. CAPITAL CONTRIBUTIONS 669,122.