2023-02-02T09:23:43-06:00 2022-09-30 273605969 CBIZ MHM LLC 140 FOUNTAIN PKWY N STE 410 ST PETERSBURG FL 33716 990 2021-10-01 590433240 ST PETERSBURG YACHT CLUB INC STPE 7278223873 11 CENTRAL AVENUE ST PETERSBURG FL 33701 JOSEPH DIVITO TREASURER 7278223873 2023-01-31 1 JOSEPH DIVITO XXX-XX-XXXX PAUL DUNHAM P00100222 7275721400 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z BRIAN SMITH 11 CENTRAL AVENUE ST PETERSBURG FL 33701 15107610 0 X WWW.SPYC.ORG X 1916 FL ENCOURAGE AND SUPPORT YACHTING AND TO PROVIDE A SOCIAL ENVIRONMENT FOR OUR MEMBERS AND GUESTS. 18 18 214 150 542503 21762 0 0 7669205 8821858 16292 14129 -590892 822693 7094605 9658680 0 0 0 0 2200457 2481304 0 0 0 4401650 5650113 6602107 8131417 492498 1527263 18408573 21076545 5818985 6997664 12589588 14078881 X TO ENCOURAGE YACHTING, TO ASSIST MEMBERS IN BECOMING PROFICIENT IN THE SCIENCE OF NAVIGATION AND IN THE DESIGNING, BUILDING, AND SAILING OF YACHTS, AND TO FURNISH AMUSEMENT AND ENTERTAINMENT AND TO SUPPLY FOOD AND BEVERAGES TO ITS MEMBERS AND GUESTS RESIDING IN THE AREA.THE CLUB OFFERS 88 DIFFERENT TYPES OF BOATS, INCLUDING 20 IOD PRAMS, 4 SONARS, 18 VANGUARD 420S, 14 VANGUARD PRAMS, 9 IDEAL 18S, 3 BRUNSWICK WHALERS, 4 BOSTON WHALERS, 1 MCKEE CRAFT, 1 COAST PILOT, 1 FRERS 30 SAILBOAT, 2 DINGHIES, 1 WINDMILL, AND 10 J/70 SAILBOATS. THE CLUB ALSO OFFERS 6 PADDLEBOARDS AND 4 KAYAKS. 0 0 A SAILING CENTER IS OPERATED BY THE CLUB UNDER AN AGREEMENT WITH THE CITY OF ST. PETERSBURG. DOCK OPERATIONS INCLUDE SLIP RENTALS AND SALE OF FUEL AND OTHER MARINE SUPPLIES TO MEMBERS. THE CLUB CONSISTED OF APPROXIMATELY 2,460 MEMBERS AS OF THE SEPTEMBER 30, 2022. THE CLUB HOSTED 25 REGATTAS DURING THE YEAR ENDED SEPTEMBER 30, 2022, RANGING IN SIZE FROM LESS THAN 10 TO MORE THAN 300 BOATS, AND FROM LESS THAN 20 TO MORE THAN 800 PARTICIPANTS. THE "TYPICAL" REGATTA WILL RUN 3-6 RACES OVER THE PERIOD OF SEVERAL DAYS. DURING THIS TIME, THE PARTICIPANTS WILL BE TREATED TO NUMEROUS FOOD AND BEVERAGE FUNCTIONS AT THE CLUB, INCLUDING AN AWARDS BANQUET TO CLOSE THE REGATTA. FOOD, BEVERAGE, AND OTHER ENTERTAINMENT ACTIVITIES ARE PROVIDED TO THE CLUB'S MEMBERS. THE CLUB OPERATES THREE DINING ROOMS, THE HERITAGE LOUNGE, AND A TIKI HUT. SEVERAL BANQUET ROOMS ARE ALSO AVAILABLE FOR MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 1 149 0 1 214 1 1 1 0 0 0 0 1988500 1731028 0 0 0 X 18 18 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 FL X COLLEEN FINNEY CONTROLLER 7278231061 11 CENTRAL AVENUE ST PETERSBURG FL 33701 BILL WATERS COMMODORE 3.00 X X 0 0 0 BRIAN SMITH VICE COMMODORE 3.00 X X 0 0 0 SCOTT BOYLE REAR COMMODORE 3.00 X X 0 0 0 JOSEPH DIVITO TREASURER 3.00 X X 0 0 0 VERONICA HICKEY SECRETARY 1.00 X X 0 0 0 JODY ABRAMS DIRECTOR 1.00 X 0 0 0 WAYNE ANDREWS DIRECTOR 1.00 X 0 0 0 CHRISTIAN BERGSTROM DIRECTOR 1.00 X 0 0 0 FRED BICKLEY DIRECTOR 1.00 X 0 0 0 JAMES DEININGER DIRECTOR 1.00 X 0 0 0 GRANT DUMAS DIRECTOR 1.00 X 0 0 0 CHRISTOPHER FRASER DIRECTOR 1.00 X 0 0 0 MICHAEL FUNSCH DIRECTOR 1.00 X 0 0 0 MARY HACKER DIRECTOR 1.00 X 0 0 0 JEANNIE O'GRADY DIRECTOR 1.00 X 0 0 0 GEORGE PENNINGTON DIRECTOR 1.00 X 0 0 0 CHAD SHAKESPEARE DIRECTOR 1.00 X 0 0 0 BILL WATERS II DIRECTOR 1.00 X 0 0 0 RHETT ROBICHEAUX GENERAL MANAGER 55.00 X 89143 0 11882 COLLEEN RILEY-FINNEY DIRECTOR OF FINANCE 55.00 X 172199 0 3697 JOSEPH VAN BEMMEL EXECUTIVE CHEF 55.00 X 130027 0 3247 SHAWN MACKING WATERFRONT DIRECTOR 55.00 X 109421 0 912 MARC REYDAMS FORMER GENERAL MANAGER 55.00 X 216155 0 15219 716945 0 34957 4 1 1 0 0 MEMBERSHIP DUES 713990 5483412 5483412 INITIATION FEES 713990 1988500 1988500 BOAT SLIPS 713990 755252 755252 SAILING CENTER 713990 428504 428504 REGATTA REVENUES 713990 166190 75469 90721 8821858 11694 11694 40389 0 40389 40389 40389 2435 0 2435 2435 2293 142 6151460 5448930 702530 286074 416456 PARKING FEES 713990 26874 3384 23490 52900 52900 79774 9658680 9116177 542503 0 469760 1564730 6538 245775 194501 15510 22174 25440 674040 123883 1242310 1306678 10165 5526 1053371 399431 ENTERTAINMENT AND DECOR 498003 REGATTAS 210544 63038 8131417 5930903 7402121 5100143 6666554 360459 512296 190314 223480 267162 386078 22827962 16941946 6559592 5886016 18408573 21076545 1609166 1743373 4209819 5254291 5818985 6997664 X 12589588 14078881 12589588 14078881 18408573 21076545 1527263 -37970 0 X X 0 1 X 1 0 1267370 1267370 13323650 10446944 2876706 8148117 6495002 1653115 88825 88825 5886016 X 15069640 -37970 5448930 5410960 9658680 0 9658680 13580347 5448930 5448930 8131417 0 8131417 PART X, LINE 2: THE CLUB FOLLOWS ASC TOPIC 740, LNCOME TAXES. A COMPONENT OF ASC TOPIC 740 PRESCRIBES A RECOGNITION AND MEASUREMENT THRESHOLD FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THERE WAS NO MATERIAL IMPACT ON THE CLUB'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF THE APPLICATION OF ASC TOPIC 740. THE CLUB'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS UNDER THIS STANDARD, AND NONE WERE RECOGNIZED SINCE THERE WAS NO MATERIAL IMPACT BY THE OVERALL APPLICATION OF ASC TOPIC 740. THE CLUB'S INFORMATION RETURNS ARE OPEN TO INTERNAL REVENUE SERVICE EXAMINATION FOR THE 2018 TAX YEAR ENDED SEPTEMBER 30, 2019 AND ALL SUBSEQUENT YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS EXPENSES NETTED AGAINST REVENUES 5,448,930. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS EXPENSES NETTED AGAINST REVENUES 5,448,930. X X X 0 0 0 MARC REYDAMS FORMER GENERAL MANAGER 196155 0 20000 0 0 0 0 0 15219 0 231374 0 0 0 COLLEEN RILEY-FINNEY DIRECTOR OF FINANCE 157274 0 14925 0 0 0 1503 0 2194 0 175896 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS BILL WATERS AND BILL WATERS II HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NON-STOCK, NONPROFIT CORPORATION WITH MEMBERS. THE ORGANIZATION'S MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE, TO ELECT MEMBERS OF THE GOVERNING BODY, AND TO APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. THE ANNUAL ELECTION IS HELD THE SECOND TUESDAY IN OCTOBER OF EACH YEAR. BOARD MEMBERS ARE ELECTED FOR A THREE (3) YEAR TERM, WITH 18 TOTAL MEMBERS ON THE BOARD. UP TO SIX (6) MEMBERS ARE ELECTED EACH YEAR BASED UPON THE EXPIRING TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S MEMBERS HAVE THE RIGHT TO APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY, SUCH AS CHANGES TO THE BY-LAWS, DISSOLUTION OF THE ORGANIZATION, AND SIGNIFICANT CHANGES TO THE ORGANIZATION'S FUNCTIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CONTROLLER, THEN IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO BEING SIGNED BY THE COMMODORE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE CURRENT BOARD OF DIRECTORS AND ALL KEY EMPLOYEES EACH YEAR. THE POLICY IS RE-SIGNED AND KEPT ON FILE. SHOULD A CONFLICT OF INTEREST ARISE, THE BOARD TAKES APPROPRIATE ACTION TO RESOLVE THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER HAS A WRITTEN CONTRACT THAT IS APPROVED BY THE BOARD OF DIRECTORS. COMPARABILITY DATA THROUGH MCGLADREY SURVEYS AS WELL AS THE CMAA DATABASE IS USED TO DETERMINE ALL COMPENSATION. THE AUTHORITY MATRIX ALLOWS THE GENERAL MANAGER TO HIRE ALL EMPLOYEES UP TO THE DEPARTMENT HEAD LEVEL, AND ANY SENIOR MANAGEMENT POSITIONS (GREATER THAN $50,000 IN COMPENSATION) IS REQUIRED TO HAVE THE INPUT OF THE FLAG OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1024, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PLEASE CALL 727-822-3873 TO REQUEST THESE DOCUMENTS. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE IS COMPRISED OF A SUB-SET OF THE FINANCE COMMITTEE, WHO IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT CPA FIRM AND FOR THE CONDUCT OF THE ANNUAL FINANCIAL STATEMENT AND COMPLIANCE AUDITS. THE REQUEST FOR PROPOSAL IS TYPICALLY FOR A THREE-YEAR COMMITMENT. THE FINAL SELECTION OF THE CPA FIRM IS APPROVED BY THE FINANCE COMMITTEE. THE TREASURER SIGNS THE ENGAGEMENT LETTER WHICH EXPLAINS THE SERVICES AND ARRANGEMENTS OF THE AUDIT. AT THE CONCLUSION OF THE AUDIT, THE CPA FIRM MEETS WITH THE FINANCE COMMITTEE AND THE FULL BOARD OF DIRECTORS TO DISCUSS THE RESULTS OF THE AUDIT. IN ADDITION, THE FINANCE COMMITTEE IS RESPONSIBLE FOR ENSURING THAT ADEQUATE INTERNAL CONTROLS ARE IN PLACE TO SAFEGUARD THE ASSETS OF THE CLUB, REVIEWING THE MONTHLY FINANCIAL STATEMENTS, AND FOR MONITORING RISK MANAGEMENT AND COMPLIANCE PRACTICES OF THE CLUB. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.