2023-11-14T10:11:38-06:00 2022-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2022-01-01 520227500 THE ANNAPOLIS YACHT CLUB INC ANNA 4102639147 PO BOX 908 ANNAPOLIS MD 214040908 EDWARD HARTMAN COMMODORE 4102639147 2023-11-13 1 EDWARD HARTMAN 999009999 1 KERRI RAWCLIFFE P01398485 4016216200 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDWARD HARTMAN PO BOX 908 ANNAPOLIS MD 214040908 17808936 0 X WWW.ANNAPOLISYC.COM X 1937 MD SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 10 10 377 300 374175 97370 0 0 6964509 5425165 10680 90754 5838769 4705872 12813958 10221791 0 0 0 0 6502890 3359837 0 0 0 5648526 5944245 12151416 9304082 662542 917709 62193115 63087004 28022248 27784930 34170867 35302074 THE ANNAPOLIS YACHT CLUB'S MISSION IS TO ENCOURAGE AND SUPPORT A WIDE RANGE OF BOATING ACTIVITIES, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ASSOCIATED FACILITIES FOR THE RECREATIONAL AND SOCIAL USE OF ITS MEMBERS. 0 0 THE CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 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 1 0 0 1 79 0 1 377 1 1 1 0 0 0 1 1 0 0 833937 1195339 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X MERCEDES BUCELATO 4102639147 PO BOX 908 ANNAPOLIS MD 214040908 X JONATHAN BARTLETT PAST COMMODORE 1.00 X 0 0 0 KEITH MISNER GENERAL MEMBER 1.00 X 0 0 0 C EDWARD HARTMAN III COMMODORE 1.00 X X 0 0 0 WALTER LAIRD FLEET CAPTAIN 1.00 X 0 0 0 TIMOTHY CUSACK VICE COMMODORE 1.00 X X 0 0 0 JENNIFER NORWOOD SECRETARY 1.00 X X 0 0 0 MICHAEL MULLIGAN TREASURER 1.00 X X 0 0 0 CHRISTOPHER BELL REAR COMMODORE 1.00 X X 0 0 0 DAVID HAGLER GENERAL MEMBER 1.00 X 0 0 0 TED KACZMARSKI GENERAL MEMBER 1.00 X 0 0 0 BRIAN ASCH GENERAL MANAGER 50.00 X 471025 0 17300 MICHAEL HERR EXECUTIVE CHEF 50.00 X 186524 0 15571 TRACIE PARKINSON HR/MEMBERSHIP DIRECTOR 50.00 X 164920 0 11159 MERCEDES BUCLEATO DIRECTOR OF FINANCE 50.00 X 143461 0 1191 965930 0 45221 4 0 1 0 KELLY BENEFITS PO BOX 418926 BOSTON MA 02241 BENEFITS ADMINISTRATION 451208 SMART COMPUTING SOLUTIONS 111 FORBES STREET ANNAPOLIS MD 21401 TECHNOLOGY 173631 2 MEMBERSHIP DUES 713910 3814214 3814214 JUNIOR FLEET 713910 979396 979396 NOVELTY INCOME 713990 256710 256710 YACHT RACES 713990 227909 227909 MEMBER CONTRIBUTIONS 713990 139981 139981 6955 6955 5425165 109420 109420 5500 24166 -18666 -18666 -18666 8152619 7562979 589640 324885 264755 DESIGNATED DUES & CAPITAL ASSESSM 713910 2546856 2546856 INITIATION FEE 713910 833935 833935 BOATYARD/SLIP RENTAL 531120 624909 624909 110532 110532 4116232 10221791 9847616 374175 0 822469 1735049 76514 527200 198605 1957 40167 83204 452989 716330 11869 727620 2026702 255249 REPAIRS & MAINTENANCE 683166 RACE EXPENSES 302054 COMMITTEE EXPENSE 196022 PROGRAMS & FUNCTIONS 195492 251424 9304082 189150 365395 11913207 12258958 5125960 5555093 170641 464531 388966 431502 212529 375576 53084090 9448141 44192662 43635949 62193115 63087004 987973 859311 8930851 9539774 18103424 17385845 28022248 27784930 X 34170867 35302074 34170867 35302074 62193115 63087004 917709 213498 0 X X 0 1 X 1 0 4697446 4697446 40054744 4625703 35429041 8331900 4822438 3509462 43635949 X 17803436 7581645 7581645 10221791 0 10221791 16885727 7581645 7581645 9304082 0 9304082 PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OF EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REAIZED UPON ULTIMATE SETTLEMENT. THE CLUB RECOGNIZES INTEREST AND PENALTIES ACCRUED ON UNRECOGNIZED TAX EXPOSURES AS COMPONENT OF INCOME TAX EXPENSE. THE CLUB DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF DECEMBER 31, 2021 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,562,979. LOSS ON DISPOSAL OF ASSETS 18,666. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,562,979. LOSS ON DISPOSAL OF ASSETS 18,666. X X X X 0 0 0 BRIAN ASCH GENERAL MANAGER 336025 0 135000 0 0 0 0 0 17300 0 488325 0 0 0 MICHAEL HERR EXECUTIVE CHEF 156024 0 30500 0 0 0 0 0 15571 0 202095 0 0 0 TRACIE PARKINSON HR/MEMBERSHIP DIRECTOR 128920 0 36000 0 0 0 0 0 11159 0 176079 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A SOCIAL ORGANIZATION, THE ANNAPOLIS YACHT CLUB, INC. HAS MEMBERS WHO PAY MEMBERSHIP DUES IN ORDER TO UTILIZE AND BENEFIT FROM THE CLUB'S FACILITIES AND ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ANNAPOLIS YACHT CLUB, INC. MAY ELECT MEMBERS OF THE GOVERNING BODY, THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSED CHANGES TO THE BY-LAWS MUST BE VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM IS COMPLETED, IT IS PRESENTED TO THE AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD OF GOVERNORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT-OF-INTEREST POLICY AND REPORT ANY INTERESTS THAT COULD CAUSE CONFLICT. THE POLICIES ARE REVIEWED ANNUALLY BY THE BOARD OF GOVERNORS FOR ANY CHANGES, MODIFICATIONS, ETC. VENDOR CONTRACTS ARE REVIEWED FOR POTENTIAL CONFLICTS. A CONFLICT-OF-INTEREST DOCUMENT IS PREPARED AND SIGNED FOR ANY POTENTIAL CONFLICTS. THE CONFLICT-OF-INTEREST DOCUMENTS ARE REVIEWED BY THE FINANCE COMMITTEE AND ULTIMATELY THE BOARD OF GOVERNORS, IF NECESSARY. WHEN A CONFLICT OCCURS, THE CONFLICT IS DOCUMENTED, AND THE BOARD DECIDES IF THE PERSON CAN PARTICIPATE OR RECUSE THEMSELVES FROM THE DELIBERATIONS/DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE'S ROLE IS TO ASSIST THE BOARD IN DISCHARGING ITS RESPONSIBILITIES RELATING TO COMPENSATION OF THE CLUB'S EXECUTIVES AND TO OVERSEE AND ADVISE THE BOARD ON THE ADOPTION OF POLICIES THAT GOVERN THE CLUB'S COMPENSATION AND BENEFIT PROGRAMS. THE MEMBERSHIP OF THE COMMITTEE CONSISTS OF AT LEAST THREE BOARD MEMBERS AND MAY INCLUDE CLUB MEMBERS WITH RELEVANT PROFESSIONAL EXPERIENCE. THE COMMODORE AND BOARD APPOINT THE MEMBERS OF THE COMMITTEE AND THE CHAIRPERSON. THE BOARD MAY REMOVE ANY MEMBER FROM THE COMMITTEE AT ANY TIME WITH OR WITHOUT CAUSE. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE MANAGEMENT TEAM. THE COMMITTEE RECEIVES SALARY STUDIES EVERY OTHER YEAR PERFORMED BY CLUB MANAGERS ASSOCIATION OF AMERICA AND USES THE DATA TO REVIEW AND APPROVE THE COMPENSATION AND INCENTIVE PROGRAMS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. THE FORM 990 CAN ALSO BE OBTAINED ONLINE AT WWW.GUIDESTAR.ORG. ANNAPOLIS YACHT CLUB FOUNDATION INC PO BOX 908 ANNAPOLIS MD 21404 311721302 SUPPORT AND DEVELOP AMATEUR SAILORS FOR NATIONAL AND INT'L RACING MD 501(C)(3) 7 ANNAPOLIS YACHT CLUB INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0