2023-02-15T13:59:43-06:00 2022-09-30 430352985 KERBER ECK & BRAECKEL LLP 3200 ROBBINS ROAD STE 200A SPRINGFIELD IL 62704 990 2021-10-01 370609211 ISLAND BAY YACHT CLUB ISLA 2175295418 76 YACHT CLUB ROAD SPRINGFIELD IL 62712 KEN DAY TREASURER 2175295418 2023-02-06 1 KEN DAY 999009999 DANIELLE M HUNT P00343541 2177890960 2023-02-06 0 AAL1 IAL1 2021 2023-03-07 01:45:13Z CHRIS HANKEN 76 YACHT CLUB DR SPRINGFIELD IL 62712 3146178 0 X WWW.IBYCONLINE.COM X 1935 IL TO ENCOURAGE AND FOSTER THE SPORT OF SAILING, YACHTING AND OTHER WHOLESOME RECREATION AND TO PROMOTE FELLOWSHIP AMONG ITS MEMBERS. 14 13 153 0 205136 0 2001622 1703378 99371 99001 327 1487 662901 736778 2764221 2540644 0 0 0 0 1248466 1509034 0 0 0 982036 1093091 2230502 2602125 533719 -61481 5405974 5104323 1736870 1496700 3669104 3607623 TO ENCOURAGE AND FOSTER THE SPORT OF SAILING, YACHTING, AND OTHER WHOLESOME RECREATION AND TO PROMOTE FELLOWSHIP AMONG ITS MEMBERS. 0 0 PAYMENT OF EXPENSES TO FOSTER THE SPORT OF SAILING, YACHTING AND OTHER WHOLESOME RECREATION. 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 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 153 1 1 1 0 0 0 0 482928 203649 0 0 0 X 14 13 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X ROBERT TREGONING 2175295418 76 YACHT CLUB ROAD SPRINGFIELD IL 62712 X CHRIS HANKEN COMMODORE 3.00 X X 0 0 0 BRANDY LOFTUS VICE COMMODORE 2.00 X X 0 0 0 ALEX RABIN REAR COMMODORE/DIRECTOR 2.00 X X 0 0 0 PAUL KIEL PAST COMMODORE 1.00 X X 0 0 0 KEN DAY TREASURER 7.00 X X 0 0 0 KATHY RIDLEY SECRETARY/DIRECTOR 1.00 X X 0 0 0 ELIZABETH DREA DIRECTOR 1.00 X 0 0 0 JIM BORLAND DIRECTOR 1.00 X 0 0 0 LJ POWELL DIRECTOR 1.00 X 0 0 0 SARAH CHANDLER DIRECTOR 1.00 X 0 0 0 DIANA JORDAN DIRECTOR 1.00 X 0 0 0 MIKE REISINGER DIRECTOR 1.00 X 0 0 0 MIKE S JOHNSON DIRECTOR 1.00 X 0 0 0 SCOTT LARKIN DIRECTOR 1.00 X 0 0 0 ROBERT TREGONING GENERAL MANAGER 40.00 X 111698 0 12375 111698 0 12375 1 0 0 0 0 1703378 1703378 SLIP AND HARBOR FEES 713990 75884 75884 SWIMMING 713990 14093 14093 SAILING/BOATING 713990 8134 8134 MIDSTATE REGATTA INCOME 713990 890 890 99001 1487 1487 1323269 605534 717735 514086 203649 OTHER INCOME 713990 16333 16333 RENTAL INCOME 532000 2710 2710 19043 2540644 632130 205136 0 124073 1169403 73583 141975 22179 23227 70021 169965 45444 229107 86209 BAD DEBTS 15308 SUPPLIES 174435 REPAIRS AND MAINTENANCE 148882 PRINTING AND POSTAGE 43092 65222 2602125 180926 321925 450831 368869 587873 313181 367536 335149 115763 119783 32999 29703 8448389 4832676 3670046 3615713 5405974 5104323 142085 100540 1594785 1396160 1736870 1496700 X 3669104 3607623 3669104 3607623 5405974 5104323 -61481 0 X X 0 1 X 1 0 7118516 3753662 3364854 1329873 1079014 250859 3615713 X 3146178 0 3146178 -605534 -605534 2540644 3207659 605534 605534 2602125 0 2602125 PART X, LINE 2: THE CLUB HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTUES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE CLUB WAS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON NONMEMBER RELATED INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021. THE CLUB DID NOT INCUR UNRELATED BUSINESS INCOME TAX EXPENSE FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021. THE CLUB IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENTS OF FINANCIAL POSITION DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN THE PROVISION FOR INCOME TAXES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -605,534. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 605,534. KENTON DAY CFO SERVICES TREASURER 8950 MONTHLY FEE FOR ACCOUNTING SERVICES PROVIDED TO THE CLUB AND OTHER MISCELLANEOUS EXPENSES. 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHICH ARE DIVIDED INTO 8 CLASSES EACH WITH ITS OWN REQUIREMENTS AND RESTRICTIONS. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS OF THIS CLUB, COMMODORE AND VICE COMMODORE ARE ELECTED BY THE MEMBERS. THE BOARD OF DIRECTORS WHICH IS COMPRISED OF COMMODORE, VICE COMMODORE, THE RETIRING COMMODORE AND ELEVEN OTHER MEMBERS OF THE CLUB SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING. THE BOARD OF DIRECTORS SHALL APPOINT A NOMINATING COMMITTEE OF FIVE REGULAR MEMBERS OF THE CLUB WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS. SAID COMMITTEE SHALL NOMINATE A MEMBER OF THE CLUB FOR EACH OFFICE, INCLUDING THAT OF DIRECTORS, TO BE FILLED AT THE ANNUAL ELECTIONS, AND SHALL CERTIFY SAID NOMINATIONS TO THE SECRETARY OF THE CLUB. THE SECRETARY SHALL CAST ONE BALLOT AT THE ANNUAL ELECTION FOR THE PERSONS SO NOMINATED, AND ALL SUCH MEMBERS THEREUPON SHALL BE THE DULY ELECTED OFFICERS AND DIRECTORS OF THE CLUB FOR THE ENSUING YEAR, AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFIED. WITHIN TEN DAYS OF THE NOMINATION ANY TWENTY OR MORE MEMBERS ENTITLED TO VOTE AT SUCH ANNUAL ELECTION MAY NOMINATE OTHER CANDIDATES TO ALL OR ANY OF THE OFFICES BY PETITION SIGNED BY THEM AND FILED WITH THE SECRETARY. CANDIDATES NOMINATED BY THE PETITION AND RECOMMENDATION OF THE NOMINATION COMMITTEE SHALL BE SUBMITTED TO THE MEMBERS AT THE ANNUAL MEETING FOR VOTING A SECRET BALLOT THEREON. THE COMMODORE SHALL APPOINT TELLERS OF THE ELECTION TO CANVASS THE BALLOTS AND REPORT THE RESULTS AT THE ANNUAL MEETING. REGULAR MEMBERS WHOSE ACCOUNTS ARE NOT DELINQUENT SHALL BE ENTITLED TO VOTE AT SUCH A MEETING. A MEMBER ENTITLED TO VOTE MAY VOTE IN PERSON OR BY ABSENTEE BALLOT. FORM 990, PART VI, SECTION A, LINE 8B THE ADDITIONAL COMMITTEES HAVE NO AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER WILL THOROUGHLY REVIEW FORM 990 AND 990-T. AFTER THIS REVIEW AND BEFORE FILING, FORM 990 AND FORM 990-T ARE MADE AVAILABLE TO THE GOVERNING BOARD FOR REVIEW AND A BRIEF SUMMARY IS PRESENTED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND FILE AN ANNUAL REPORT DISCLOSING ANY CONFLICTS OF INTEREST. THE ANNUAL REPORTS ARE THEN REVIEWED BY THE EXECUTIVE COMMITTEE. DURING THE REPORTING PERIOD, ANY CONFLICTS OF INTEREST WOULD BE RAISED AT MONTHLY BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB'S GENERAL MANAGER IS COMPENSATED. KEY EMPLOYEE COMPENSATION IS DETERMINED AS FOLLOWS: KEY EMPLOYEE'S COMPENSATION IS EVALUATED EACH YEAR BY COMPARING EQUIVALENT JOBS IN THE LOCAL AND REGIONAL MARKETS. ADJUSTMENTS MAY BE MADE TO COMPENSATION BASED ON THESE EVALUATION AND OTHER KEY PERFORMANCE FACTORS AS DETERMINED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS OF IBYC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, DESCRIPTION OF CHANGE IN OVERSIGHT DURING THE TAX YEAR: THE ORGANIZATION'S OVERSIGHT IS PROVIDED BY THE TREASURER.