2023-03-13T15:54:04-05:00 2022-04-30 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2021-05-01 590326329 LAUDERDALE YACHT CLUB INC LAUD 9545245500 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 W GREY MARKER TREASURER 9545245500 2023-02-23 1 W GREY MARKER 999009999 CHRISTOPHER CECIL P01877773 5616971785 2023-02-23 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z WIL H SHRINER 1725 SE 12TH ST FORT LAUDERDALE FL 333161437 12531568 0 X LYC1938.ORG X 1938 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 291 75 813051 0 0 0 5081926 6309232 -16702 6 2116436 3694777 7181660 10004015 0 0 0 0 4859297 6086032 0 0 0 4565204 6265461 9424501 12351493 -2242841 -2347478 34849481 35808953 20262052 20433570 14587429 15375383 LAUDERDALE 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, TENNIS, POOL AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. 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 1 0 0 0 0 0 0 0 1 0 0 1 71 0 1 291 1 1 1 0 0 0 1 1 0 1133393 0 0 0 X 15 15 0 0 1 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 X SCOTT T BARTER CFO 9545252842 1725 SOUTHEAST 12TH STREET FORT LAUDERDALE FL 33316 STEPHANIE J TOOTHAKER ESQ COMMODORE 5.00 X X 0 0 0 WIL H SHRINER VICE COMMODORE 1.00 X X 0 0 0 THOMAS T COON JR ESQ REAR COMMODORE 1.00 X X 0 0 0 W GREY MARKER TREASURER 3.00 X X 0 0 0 SUSAN PENROD SECRETARY 1.00 X X 0 0 0 DANIEL D MCCAWLEY LEGAL OFFICER 1.00 X 0 0 0 KACEY M RODER FLEET CAPTAIN 1.00 X 0 0 0 MICHAEL J RUDDY FLEET SURGEON 1.00 X 0 0 0 MICHAEL BONDURANT FLEET HISTORIAN 1.00 X 0 0 0 KENT FOX GOVERNOR 1.00 X 0 0 0 JAMES MAUS GOVERNOR 1.00 X 0 0 0 TED MORLEY GOVERNOR 1.00 X 0 0 0 MICHAEL CRISSY GOVERNOR 1.00 X 0 0 0 KARL J HILL GOVERNOR 1.00 X 0 0 0 MARTY MCGROGAN GOVERNOR 1.00 X 0 0 0 RON MCTIGHE GOVERNOR 1.00 X 0 0 0 RICK BURGESS GOVERNOR 1.00 X 0 0 0 EDWARD T YEVOLI GOVERNOR 1.00 X 0 0 0 SCOTT ANDERSON GOVERNOR 1.00 X 0 0 0 GEX F RICHARDSON GOVERNOR 1.00 X 0 0 0 S SCOTT STAMPER GOVERNOR 1.00 X 0 0 0 NADINE D ROCKWELL GENERAL MANAGER (THROUGH 10/21) 55.00 X 244329 0 13439 PETER MCFADEN GENERAL MANAGER (AS OF 10/21) 55.00 X 115744 0 4116 LAUREN GADD DIRECTOR OF FINANCE 55.00 X 92113 0 4450 SCOTT BARTER CHIEF FINANCIAL OFFICER 55.00 X 52431 0 202 SCOTT PUKYS DIRECTOR OF TENNIS 50.00 X 219294 0 11803 JASON VALERIO EXECUTIVE CHEF 50.00 X 121970 0 0 845881 0 34010 4 0 1 0 SMART COMPUTING SOLUTIONS INC 111 FORBES STREET SUITE 101 ANNAPOLIS MD 21401 IT CONSULTING 166451 1 DUES & ASSESSMENTS 713910 4327997 4327997 YACHTING 713910 914054 591931 322123 DOCKS AND HARBOR 713910 475871 455303 20568 TENNIS 713910 292772 264752 28020 YOUTH ACTIVITIES 713910 140080 140080 158458 158458 6309232 6 6 6092381 2527553 3564828 3122494 442334 MEMBER FINANCING 713910 106992 106992 GENERAL FACILITY FEE 713910 14322 14322 MISCELLANEOUS 713910 8635 8635 129949 10004015 9190964 813051 0 5174381 911651 23043 749250 764267 1549039 501588 REPAIRS & ADMIN. 697635 FOOD AND BEVERAGE 640269 ENTERTAINMENT COMMITTEE 450552 YACHTING COMMITTEE 402849 486969 12351493 870713 634285 719041 1034459 1224474 1677144 237974 345551 353292 399078 39867622 8153820 31440417 31713802 3570 4634 34849481 35808953 1919401 1940454 699925 721097 17642726 17772019 20262052 20433570 X 14587429 15375383 14587429 15375383 34849481 35808953 X -2347478 3135432 X X 0 1 X 1 0 3162239 3162239 28512398 6333811 22178587 4595577 1020872 3574705 3597408 799137 2798271 31713802 X 12531568 2527553 2527553 10004015 0 10004015 14879046 2527553 2527553 12351493 0 12351493 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 FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,527,553. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,527,553. 1 X X X X 0 0 0 NADINE D ROCKWELL GENERAL MANAGER (THROUGH 10/21) 200133 0 30592 0 13604 0 3909 0 9530 0 257768 0 0 0 SCOTT PUKYS DIRECTOR OF TENNIS 16412 0 183382 0 19500 0 7845 0 3958 0 231097 0 0 0 CLYDE WRIGHT II FORMER COMMODORE (2003 TERM) 524934 THE FORMER OFFICER RECEIVED COMMISSIONS FOR SOURCING THE CLUB'S PROPERTY AND LIABILITY INSURANCE POLICY WITH BROWN AND BROWN INSURANCE IN AN ARMS LENGTH TRANSACTION. 0 FORM 990, PART VI, SECTION A, LINE 4 1) ON 4/13/22 THE MEMBERSHIP APPROVED A SPECIAL MONTHLY OPERATING ASSESSMENT TO FUND THE THREE MONTH BRIDGE BEFORE THE NEW DUES BEGIN ON 08/21/22. THE ASSESSMENT IS $140 PER REGULAR MEMBER, PER MONTH FOR THREE MONTHS BEGINNING MAY 1, 2022 AND ENDING JULY 2022. THE AMOUNT WILL BE ADJUSTED BY MEMBERSHIP CATEGORY. 2) ON 4/13/22 THE MEMBERSHIP APPROVED AN AMENDMENT TO SECTION III OF THE CODE OF REGULATIONS TO INCREASE THE AMOUNT OF ANNUAL DUES FROM $3,272.50 TO $5,200 EFFECTIVE AUGUST 1, 2022. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION 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 CAN PARTICIPATE IN THE ELECTION OF OFFICERS AND GOVERNORS: REGULAR, SENIOR, AND JUNIOR MEMBERS AGE 29 AND UP WHO HAVE BEEN MEMBERS FOR AT LEAST ONE YEAR. FORM 990, PART VI, SECTION A, LINE 7B NEW CAPITAL ASSESSMENTS, DUES INCREASES, OPERATING ASSESSMENTS OVER 5% OF THE DUES RATE, AND SERVICE CHARGE INCREASES ARE ALL SUBJECT TO APPROVAL BY REGULAR AND SENIOR MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE THAT IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD HAS DELEGATED REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CHIEF FINANCIAL OFFICER AND TREASURER. THE CFO REVIEWS FORM 990, WHILE THE TREASURER PERFORMS CURSORY REVIEW AND SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD MEETS ANNUALLY TO DETERMINE THE COMPENSATION FOR THE GENERAL MANAGER/COO. ALL THE OTHER POSITION'S COMPENSATION ARE APPROVED BY THE GENERAL MANAGER/COO. 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 CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON INSPECTION AT THE CLUB, ON ITS WEBSITE, AND COPIES UPON REQUEST. FORM 990, PART XI, LINE 9: INITIATION FEES 1,608,391. ANNUAL CAPITAL ASSESSMENTS 99,509. CLUBHOUSE RENOVATION ASSESSMENT 1,427,532. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. LAUDERDALE YACHT CLUB SAILING FOUNDATION INC 271035675 YOUTH SAILING EDUCATION IN SOUTH FLORIDA FL 501(C)3 LINE 11 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0