2023-03-08T15:31:06-06:00 2022-04-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2021-05-01 590776439 CORAL REEF YACHT CLUB CORA 3052854218 2484 SOUTH BAYSHORE DRIVE MIAMI FL 33133 DR MICHAEL OWENS COMMODORE 3052854218 2023-02-19 1 DR MICHAEL OWENS 999009999 CHRISTOPHER CECIL P01877773 5676971785 2023-02-19 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JIM VAN BUREN 2484 SOUTH BAYSHORE DRIVE MIAMI FL 33133 8591838 0 X CORALREEFYACHTCLUB.ORG X 1955 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 19 19 139 19 910502 0 180637 0 4664814 5195993 7825 -9741 1203098 1996756 6056374 7183008 0 0 0 0 2758484 4489521 0 0 0 3005239 3591463 5763723 8080984 292651 -897976 14946273 14994662 4794966 4986330 10151307 10008332 CORAL REEF YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES RESTAURANT AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. 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 11 0 1 139 1 1 1 0 0 0 1 1 10788 1124650 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 X PAUL SCHELLER 3058581733 2484 SOUTH BAYSHORE DRIVE MIAMI FL 33133 PETER BAUMBERGER COMMODORE 2.00 X X 0 0 0 MIKE OWENS VICE COMMODORE 2.00 X X 0 0 0 WILLIAM TUTTLE REAR COMMODORE 2.00 X X 0 0 0 NEAL MCALILEY TREASURER 2.00 X X 0 0 0 STEPHAN MEDINA SECRETARY 2.00 X X 0 0 0 JIM HARTENSTEIN FLEET CAPTAIN 2.00 X X 0 0 0 HORST BAIER FLEET SURGEON 2.00 X X 0 0 0 MIKE BRILL DIRECTOR 2.00 X 0 0 0 RUSSELL DUNN DIRECTOR 2.00 X 0 0 0 DENIE HARRIS DIRECTOR 2.00 X 0 0 0 JAIME RAMON DIRECTOR 2.00 X 0 0 0 SHARON BOURKE DIRECTOR 2.00 X 0 0 0 JIM CUSACK DIRECTOR 2.00 X 0 0 0 BILL HARVEY DIRECTOR 2.00 X 0 0 0 JONAH PRUITT DIRECTOR 2.00 X 0 0 0 CHRIS BLOCK DIRECTOR 2.00 X 0 0 0 TAIT KEON DIRECTOR 2.00 X 0 0 0 BILLY RIEDER DIRECTOR 2.00 X 0 0 0 JOHN WOOD DIRECTOR 2.00 X 0 0 0 JIM VAN BUREN GENERAL MANAGER 50.00 X 312563 0 28960 PAUL SCHELLER CONTROLLER 40.00 X 113821 0 11715 426384 0 40675 2 0 1 0 0 MEMBER DUES 713910 3075117 3075117 YOUTH SAILING 713910 1051571 491662 559909 BOAT STORAGE FEES 713910 708786 702395 6391 SECURITY OPERATION 713910 293275 293275 RACES 713910 52150 17045 35105 15094 15094 5195993 8585 8585 18326 -18326 -18326 -18326 3266576 1390504 1876072 1575560 300512 OTHER 713910 120684 120684 120684 7183008 6290832 910502 -18326 X 3376815 1112706 48780 667829 344976 CLUBHOUSE 528219 YOUTH SAILING ACTIVITIE 461287 FOOD & BEVERAGE 390652 ADMINISTRATIVE & GENERA 262038 887682 8080984 3872239 5053414 2369838 1310929 96272 90322 116636 150403 14083477 5712946 8472225 8370531 19063 19063 14946273 14994662 396990 492972 3224254 3449425 1009422 862633 164300 181300 4794966 4986330 X 10151307 10008332 10151307 10008332 14946273 14994662 X -897976 755001 X X 0 1 X 1 0 1178122 1178122 6296105 2809957 3486148 2740196 1222952 1517244 3869054 1680037 2189017 8370531 DEPOSITS ON DOCK FACILITIES 181300 181300 X 8573512 1390504 1390504 7183008 0 7183008 9471488 1390504 1390504 8080984 0 8080984 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,390,504. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,390,504. X X X 0 0 0 JIM VAN BUREN GENERAL MANAGER 247563 0 65000 0 0 0 15628 0 13332 0 341523 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING RIGHTS: FOUNDER MEMBERS, LIFE MEMBERS, AND REGULAR MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE ELECTION OF OFFICERS AND DIRECTORS IS SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE TAX RETURN ARE HANDED OUT TO THE ENTIRE BOARD. HOWEVER, THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMINING THE COMPENSATION FOR MANAGEMENT AND KEY EMPLOYEES. COMPENSATION STUDIES, INDUSTRY STUDIES, AND EMPLOYMENT CONTRACT AGREEMENTS ARE USED IN THE DETERMINATION AND DOCUMENTATION OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION ON THE CLUB'S PREMISES. FORM 990, PART IX, LINE 24E BOAT STORAGE 244,150. SECURITY 166,696. SOCIAL/ENTERTAINMENT 165,001. HOSPITALITY 141,057. PROPERTY TAXES 108,919. RACES 61,859. FORM 990, PART XI, LINE 9: INITIATION FEES 755,001. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR