2023-06-13T09:02:39-07:00 2022-12-31 881017867 GARY L EBDON PC 202 BLUE POINT CLEAR LAKE SHORES TX 77565 990 2022-01-01 740939397 Texas Corinthian Yacht Club TEXA 2813391566 PO Box 577 Kemah TX 77565 Henry C Johnston Treasurer 2813391566 2023-05-19 true Henry Johnston XXX-XX-XXXX true Gary L Ebdon P01423389 2812212808 X 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z J Carter Perrin PO Box 577 Kemah TX 77565 2819143 false X www.tcyc.org X 1938 TX Texas Corinthian Yacht Club's mission is to provide for the education and recreation of their youth and adults in the art of sailing 11 11 38 50 72069 0 15600 234115 1926235 1939443 142 495 -132508 645090 1809469 2819143 0 0 539734 624623 0 0 1572721 1583500 2112455 2208123 -302986 611020 4593065 5013012 1314971 1123898 3278094 3889114 Texas Corinthian Yacht Club's mission is to provide for the education and recreation of their youth and adults in the art of sailing false false TCYC provides a clubhouse and restaurant which provide for social gathering and inter-action, and an educational facility for its approximately 180 members and their families. During 2022, TCYC hosted numerous social events for its members, and the clubhouse and restaurant provided a gathering venue as support for the youth and senior programs. Additionally, the facility is frequently used for day and over-night youth outings, providing social inter-action and an educational environment. TCYC's youth program provides for the education and leadership development of the Club's youth, via sailboat racing and educational seminars which teach boat handling and navigational skills, and by learning weather patterns and related weather safety. The junior sailors annually elect a junior commodore and junior vice commodore who help co-ordinate and plan the junior activities. Most of the activities are concentrated in the summer months and include sailing instruction, sailboat racing, & other events aimed to enhance the enjoyment and camaraderie of being "at the bay". Each year, the Club co-hosts Texas Youth Race Week. Additional program services in 2021 included Summer Bait Camp (younger sailors) & competitions in Sunfish, Sonars, windsurfers and other sailing vessels. TCYC provides a pier and related facilities for the safe and accessible storage of racing sailboats, and to provide a gathering place to foster the Club's educational and recreational purposes. The Club hosts the annual Texas Shootout Regatta which is an adult team racing event and was attended by clubs from the South & Northeast. The seniors also participated in several out of town competitions, including the Hinman & Texas Shootout during 2022. There is fleet racing in Sonars and Sunfish class sailboats throughout the season. The pier is used by club families to fish and crab and serves as a venue for members to socialize over the waters of Galveston Bay. false true false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 23 0 38 true true true false false false true true 58725 70688 false false false X 11 11 false false false false true true true true true false false true true true true true true false true false X Stacy Steglich GM 2813391566 PO Box 577 Kemah TX 77565 Stacy Steglich General Mgr 60.00 X 150620 0 0 J Carter Perrin Commodore 20.00 X X 0 0 0 Henry S May III Past Commodore 15.00 X 0 0 0 Clark G Thompson Jr Vice Commodore 15.00 X X 0 0 0 Matthew Wright Rear Commodore 10.00 X X 0 0 0 Henry C Johnston Treasurer 10.00 X X 0 0 0 Jessica Croyle Fleet Captain 5.00 X 0 0 0 Peter Meyer Board Governor 5.00 X 0 0 0 George Masterson Board Governor 5.00 X 0 0 0 Philip Francis Secretary 10.00 X X 0 0 0 Evangeline Atkinson Board Governor 5.00 X 0 0 0 150620 0 0 1 false true false Marine Inc 1925 N Hwy 46 Kemah TX 77565 Pier Construction 155056 1 X 129115 105000 234115 Restaurant 722210 475942 41374 0 Cabana Tract Rentals 531190 207004 0 0 Harbor/Pier Rentals 532000 147827 0 0 Youth Program 611600 86755 18319 0 Membership Dues & Fees 900009 910409 0 0 111506 10500 0 1939443 495 495 0 Interest paid on amended 941 999999 1381 0 1381 0 643709 643709 0 0 645090 2819143 2512959 72069 0 150620 0 0 0 391301 0 0 0 27779 0 0 0 54923 0 0 0 40800 0 0 0 95754 0 0 0 28522 0 0 0 188360 0 0 0 46218 0 0 0 240000 0 0 0 80500 0 0 0 Dining Rm Food & Supplies 281566 0 0 0 Repairs & Maintenance 177629 0 0 0 Social Activities 60637 0 0 0 Youth & Adult Sailing 281019 0 0 0 62495 0 0 0 2208123 0 0 0 285713 179228 117655 126223 159507 167281 19883 24541 126687 162431 6834395 2481087 3883620 4353308 4593065 5013012 82934 112383 1212002 988786 20035 22729 1314971 1123898 X 3278094 3889114 3278094 3889114 4593065 5013012 611020 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1549826 1549826 3578623 1679696 1898927 1055792 496217 559575 650154 305174 344980 4353308 Accrued Sales Tax 12548 Other Accrued Liabilities 10181 22729 X X false false false Stacy Steglich 150620 0 0 0 0 0 0 0 0 0 150620 0 0 0 4545 Realty Co #1 LLC Family Member 290822 Sale/Purchase of real property false Pt VI, Line 6 Explanation of classes of membership: There are seven classes of members, of which the shareholding class and the senior class of member can vote. Pt VI, Line 7a How voting members elect the governing body: The voting membership elects the officers and trustees of the Club on an annual basis. Pt VI, Line 7b Decisions of the governing body subject to member vote: The Board shall not otherwise sell, mortgage or encumber the Club's property without an affirmative vote of the membership. Pt VI, Line 11b Describe the process used by the organization to review the form 990. Management and the treasurer review the form 990 prior to providing a copy to the Board and filing with the IRS. Pt VI, Line 12c Monitoring and enforcement of conflict of interest policy. The Club's Conflict of Interest Policy includes a questionnaire which asks board members to disclose relationships and potential conflicts of interest. The questionnaire and policy is distributed annually to the Board members and answers are reviewed by the organization. Pt VI, Line 15b Review and approval of compensation. The general manager's compensation package, including base salary, bonus and benefits, is discussed each year at the board level. The Club has available comparative compensation statistics from the national Club Manager's Association of America. Pt VI, Line 19 Club governing documents, conflict of interest policy, and financial statements are available to the public by request Pt VIII Line 1e: Club received COVID Employee Retention Credit of $129,155 Pt VIII Part VIII, line 11d; Gain on exempt function involuntary land sale (TxDot); the cost of additional exempt function property, purchased within applicable time period, exceeds the gain on the sale of this exempt function property. Code section 512(a)(3)(D) Pt VIII Part VIII, line 11d; Hurricane Nicholas casualty gain; the cost of the repairs to replace the exempt function property exceeds the dollar amount of the insurance proceeds