2023-08-14T13:18:09-05:00 2022-09-30 420714325 RSM US LLP 1555 PALM BEACH LAKES SUITE 500 WEST PALM BEACH FL 33401 990 2021-10-01 590436199 SARASOTA YACHT CLUB SARA 9419529451 1100 JOHN RINGLING BOULEVARD SARASOTA FL 34236 NICHOLAN MARTIN TREASURER 9413654191 2023-08-08 1 NICHOLAN MARTIN 999009999 CHRISTOPHER CECIL P01877773 5616971785 2023-08-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TIM CLARKE 1100 JOHN RINGLING BOULEVARD SARASOTA FL 34236 9654854 0 X WWW.SARASOTAYACHTCLUB.ORG X 1926 FL RECREATIONAL ACTIVITIES 9 9 106 95 722292 5245 0 291475 4025959 4602925 -115275 -36 1767516 2684818 5678200 7579182 0 0 0 0 3646775 4314368 0 0 0 3546083 3719562 7192858 8033930 -1514658 -454748 17463114 19794710 11189718 10672527 6273396 9122183 THE WORLD-CLASS, AWARD WINNING SARASOTA YACHT CLUB IS HOME TO A DIVERSE MEMBERSHIP AND PROFESSIONAL STAFF WHO INSPIRE LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN OUR CULTURALLY-RICH WATERFRONT CITY. 0 0 SYC BRAND STATEMENTTO PEOPLE WHO ENJOY BEING ON OR AROUND THE WATER AND CONNECTING WITH FRIENDS THAT HAVE SIMILAR INTEREST, SARASOTA YACHT CLUB IS THE PREMIER WORLD-CLASS YACHT CLUB THAT DELIVERS THE YACHTING LIFESTYLE EXPERIENCE INSPIRING LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN ANUPSCALE, WATERFRONT LOCATION WITH AWARD WINNING DINING, A CLEAN, FULL-SERVICE MARINA, AND ENGAGING ACTIVITIES IN A FAMILY-FRIENDLY WELCOMING ENVIRONMENT. IN OUR CULTURALLY RICH CITY, ONLY SYC HAS A UNIQUE WATERFRONT LOCATION, DIVERSE ACTIVE MEMBERS, AND PROFESSIONAL STAFF. 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 14 0 1 106 1 1 1 0 0 0 0 338964 1293283 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 FL X JENNIFER HECHEVERRIA 9413654191 1100 JOHN RINGLING BOULEVARD SARASOTA FL 34236 BRIAN WILL COMMODORE 1.00 X X 0 0 0 TIM CLARKE VICE COMMODORE 1.00 X X 0 0 0 HARRY ANAND REAR COMMODORE 1.00 X X 0 0 0 NICHI MARTIN TREASURER 1.00 X X 0 0 0 ROBERT MILLIGAN SECRETARY 1.00 X X 0 0 0 JANE THOMPSON DIRECTOR 1.00 X 0 0 0 LAURIE BIRNBACH DIRECTOR 1.00 X 0 0 0 GROVER TRASK DIRECTOR 1.00 X 0 0 0 GERARD EZCURRA DIRECTOR 1.00 X 0 0 0 PAUL GILROY DIRECTOR 1.00 X 0 0 0 RODGER BYRNE DIRECTOR 1.00 X 0 0 0 KAREN HARMON GM/COO 40.00 X 363624 0 22058 JENNIFER HECHEVERRIA CHIEF FINANCIAL OFFICER 40.00 X 186080 0 14956 STEPHANIA FELTZ MEMBERSHIP DIRECTOR 40.00 X 160008 0 13913 MAX MIRANDA FOOD & BEVERAGE DIRECTOR 40.00 X 183684 0 14860 RICHARD FARELLA FACILITIES DIRECTOR 40.00 X 121617 0 12378 NERMIN GEBRAIL HR DIRECTOR 40.00 X 119863 0 12308 1134876 0 90473 6 0 1 0 0 291475 291475 MEMBERSHIP DUES 713910 3452035 3452035 SLIPS 713910 769592 769592 MARINA INCOME 713910 234206 234206 MINIMUM INCOME AND ROOM RENTAL 713910 147092 147092 4602925 12988 12988 13024 -13024 -13024 -13024 4376303 2062648 2313655 1604351 709304 WAITLIST INITIATION FEES 713910 338964 338964 FINANCE AND ADMINISTRATIVE CHARGE 713910 32199 32199 371163 7579182 6578439 722292 -13024 3100529 1213839 291954 931230 99387 MARINA OPERATIONS 788166 ADMINISTRATIVE & GENERA 637166 FOOD & BEVERAGE 411508 PROPERTY TAXES 263852 296299 8033930 1147514 4542529 2898492 1481999 630262 790152 228389 275441 128018 265632 22146514 10212932 12412014 11933582 18425 505375 17463114 19794710 808247 951827 331318 230899 10050153 9489801 11189718 10672527 X 6273396 9122183 6273396 9122183 17463114 19794710 X -454748 3303535 X X 0 1 X 1 0 137338 137338 14539121 6848586 7690535 4037445 1901820 2135625 3432610 1462526 1970084 11933582 X 9641830 0 9641830 -2062648 -2062648 7579182 10096578 2062648 2062648 8033930 0 8033930 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 STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FASB ASC. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES RECLASS -2,062,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RECLASS 2,062,648. X X X X 0 0 0 KAREN HARMON GM/COO 283324 0 63000 0 17300 0 14545 0 7513 0 385682 0 0 0 JENNIFER HECHEVERRIA CHIEF FINANCIAL OFFICER 142512 0 35500 0 8068 0 7443 0 7513 0 201036 0 0 0 MAX MIRANDA FOOD & BEVERAGE DIRECTOR 140699 0 31000 0 11985 0 7347 0 7513 0 198544 0 0 0 STEPHANIA FELTZ MEMBERSHIP DIRECTOR 125412 0 27500 0 7096 0 6400 0 7513 0 173921 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 MEMBERSHIP CATEGORIES HAVE BEEN SIMPLIFIED INTO JUST TWO - MARINA AND SOCIAL. OTHER CATEGORIES HAVE BEEN CONVERTED INTO "MEMBERSHIP PROGRAMS AND THEIR DETAILS, UNCHANGED, HAVE BEEN MOVED TO THE EXECUTIVE POLICY MANUAL. THE CLUB ADDED THE OPTION TO HAVE UNACCOMPANIED GUESTS UNDER VERY LIMITED CIRCUMSTANCES AND MEMBERS CAN NOW PAY STATEMENT BALANCES WITH A CREDIT CARD. FINALLY, DIRECTORS ARE NOW ALLOWED TO VOTE REMOTELY FOR OFFICERS AND ALL SUBCOMMITTEES SHALL DISSOLVE WHEN THEIR RESPECTIVE WORK IS ACCOMPLISHED. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A PRIVATE YACHT AND SOCIAL CLUB THAT ALLOWS MEMBERS TO USE ITS FACILITIES BY PAYING DUES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY ACCLAMATION UNLESS THERE IS A PETITION. FORM 990, PART VI, SECTION A, LINE 7B FIFTEEN (15) PERCENT OF THE VOTING MEMBERS ENTITLED TO VOTE MAY PRESENT A PROPOSAL FOR AMENDMENT TO THESE BYLAWS, USING THE FOLLOWING PROCEDURES: A) THE SPECIFIC PROPOSAL SHALL BE DELIVERED TO THE CLUB'S SECRETARY AT LEAST SIXTY (60) DAYS PRIOR TO THE ANNUAL MEETING; B) AT LEAST 30 DAYS PRIOR TO THE MEETING AT WHICH THE PROPOSAL WILL BE CONSIDERED, THE SPECIFIC PROPOSAL SHALL BE POSTED ON THE CLUB'S BULLETIN BOARD AND PROVIDED TO ALL MEMBERS ENTITLED TO VOTE, TOGETHER WITH AN EXPLANATION OF THE PURPOSE OF THE PROPOSED AMENDMENT AND THE BOARD'S STATEMENT ON ITS MERITS; C) THE BALLOT FOR THE VOTE MUST PERMIT THE MEMBER TO VOTE FOR OR AGAINST THE SPECIFIC PROPOSAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO, TREASURER AND COO, COMPARED TO THE AUDITED FINANCIAL STATEMENTS AND INTERNAL REPORTS, THEN PRESENTED TO THE GOVERNING BOARD FOR SUBSEQUENT REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS GIVEN TO OFFICERS, DIRECTORS AND KEY EMPLOYEES AT THE TIME OF HIRE OR APPOINTMENT AND ON AN ANNUAL BASIS. THE OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUESTED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, WHICH IS MADE UP OF INDEPENDENT MEMBERS ELECTED BY THE BOARD OF DIRECTORS, USES COMPARABILITY DATA AND AVAILABLE RESOURCES TO THE CLUB TO DELIBERATE AND DETERMINE COMPENSATION OF THE COO. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE, THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST, AND THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE AND FOR INSPECTION AT THE CLUB. FORM 990, PART XI, LINE 9: INITIATION CONTRIBUTIONS 1,108,065. CAPITAL ASSESSMENTS 2,195,470. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.