2023-09-20T15:05:04-07:00 2022-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14th Floor GLENDALE CA 91203 990 2022-01-01 952112652 LONG BEACH YACHT CLUB LONG 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 CATHERINE VANDENBERG Treasurer 2023-09-20 true CATHERINE VANDENBERG 999009999 true MARK J HENNELLY P00982999 8186375000 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 6201 APPIAN WAY LONG BEACH CA 90803 9505887 false X WWW.LBYC.ORG X 1929 CA RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. 17 17 131 235617 80984 0 4408690 5465907 189215 117383 124741 -242092 4722646 5341198 0 0 1362836 1975767 0 0 2555165 3140353 3918001 5116120 804645 225078 10813572 10923642 953787 1314860 9859785 9608782 RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. false false THE LONG BEACH YACHT CLUB HOSTED YACHTING EVENTS, SPONSORED THE CONGRESSIONAL CUP, AND VARIOUS YOUTH ACTIVITIES FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. false false false false false false false false false true false false true true true true 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 true 69 0 true 131 true true true false false false true true 491251 936662 false false false X 17 17 false false false false true true true true true false false true true true true true true true true false X MARCIA PETTWAY 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 X NORMAN CRAIG RICH GENERAL MANAGER 40.00 0.00 264448 0 2499 MARCIA PETTWAY CONTROLLER 40.00 0.00 156970 0 0 PHILIP LAIRD COSTNER EXECUTIVE CHEF 40.00 0.00 122072 0 90 MATHEW WILLISTON CHEF 40.00 0.00 114056 0 1029 JON TURIGLIATTO COMMODORE 4.00 0.00 X X 0 0 0 BLAIR CARTY VICE COMMODORE 4.00 0.00 X X 0 0 0 SCOTT DIXON REAR COMMODORE 4.00 0.00 X X 0 0 0 LISA MEIER FLEET CAPTAIN 4.00 0.00 X X 0 0 0 BOB PIERCY PORT CAPTAIN 4.00 0.00 X X 0 0 0 JON SHULL J.R. STAFF COMM 4.00 0.00 X 0 0 0 RANDY BEERS Director 4.00 0.00 X 0 0 0 GREG MAGNUSON Director 4.00 0.00 X 0 0 0 RANDY SMITH Director 4.00 0.00 X 0 0 0 TOM CAMP Director 4.00 0.00 X 0 0 0 PETER WELTY Director 4.00 0.00 X 0 0 0 TONY MANSOUR Director 4.00 0.00 X 0 0 0 LIZ PALMER Director 4.00 0.00 X 0 0 0 BOB SNOW Director 4.00 0.00 X 0 0 0 CHRIS MACY Director 4.00 0.00 X 0 0 0 JOE SEIBERT Director 4.00 0.00 X 0 0 0 ALEXANDRA WEISS Director 4.00 0.00 X 0 0 0 MICHELE BLACKMORE Secretary 4.00 0.00 X 0 0 0 SCOTT MEYER Treasurer 4.00 0.00 X 0 0 0 657546 3618 4 false true false 0 0 CONGRESSIONAL CUP 713910 132940 52440 80500 INITIATION FEES 713910 491251 491251 MEMBERSHIP DUES 713910 4319025 4319025 MISC INCOME 713910 61095 61095 OTHER PROGRAMS 713910 461596 376937 84659 5465907 117383 117383 0 0 0 0 0 0 3922597 4164689 -242092 -195167 -46925 0 5341198 5105581 235617 X 0 0 0 0 266947 0 1324412 0 269873 114535 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 325312 145323 OTHER PROGRAM EXPENSES 339653 REGATTA EXPENSE 327136 A&G OPERATING EXPENSES 316935 F&B OPERATING EXPENSE 260455 1425539 5116120 0 0 0 609068 393969 0 0 540687 591871 0 0 0 215842 219537 97456 125283 6584377 4130751 2179779 2453626 0 0 0 0 7170740 7139356 10813572 10923642 797238 965060 156549 349800 953787 1314860 X 9859785 9608782 9859785 9608782 10813572 10923642 225078 -476081 X false true X true false 3065355 1889794 1175561 2156767 1468472 688295 1362255 772485 589770 2453626 BOARD DESIGNATED CASH 3421841 BOARD DESIGNATED INITIATION FEES RECEIVA 14722 BOARD DESIGNATED MARKETABLE SECURITIES 2500261 LEASE & LONG DOCK 935785 OPERATING LEASE RIGHT-OF-USE ASSET 231268 OTHER ASSETS 35479 7139356 CLUB TREASURIES 118532 OPERATING LEASE OBLIGATION 231268 349800 X 9987496 4662806 4662806 5324690 16508 16508 5341198 9762418 4662806 4662806 5099612 16508 16508 5116120 Part X : FIN48 Footnote The Club is exempt from federal and state taxes related to revenue received in connection with exempt programs, under Section 501(c)(7) of the Internal Revenue Code (IRC) and Section 23701(g) of the California Revenue and Taxation Code, respectively. The Club is subject to assessment of income taxes on what is termed unrelated business income. The Club can generate up to 15% of revenue, as defined in the IRC, from non-member sources. The Club policy is to monitor and track non-member revenues to ensure the Club complies with Section 501(c)(7) of the IRC. In addition, the Club is subject to taxation on investment income. Accordingly, a provision for income taxes has been established in the financial statements.For financial statement reporting purposes, tax positions initially need to be recognized when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. As of December 31, 2022, the Club had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. As of December 31, 2022, the Clubs annual tax filings for the prior three (3) years are open for audit by the Internal Revenue Service and for the prior four (4) years by the Franchise Tax Board. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF GOODS SOLD $4164689 PROGRAM SERVICES NETTED ON FS $498117 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S INVESTMENT EXPENSE NETTED ON F/S $16508 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD $4164689 PROGRAM SERVICES NETTED $498117 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S INVESTMENT EXPENSE $16508 X X X false false false MARCIA PETTWAY CONTROLLER 145970 11000 156970 NORMAN CRAIG RICH GENERAL MANAGER 258162 6286 2499 266947 Form 990, Part VI, Section A, Line 6 LONG BEACH YACHT CLUB HAS MEMBERS. Form 990, Part VI, Section A, Line 7a LONG BEACH YACHT CLUB HAS MEMBERS THAT ELECT MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY. Form 990, Part VI, Section A, Line 7b AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE MEMBERS OF THE CLUB APPROVE ANY CHANGES TO THE ORGANIZATION'S BYLAWS. Form 990, Part VI, Section B, Line 11b THE AUDIT COMMITTEE AND TREASURER REVIEW FORM 990 AND 990-T PRIOR TO THE SIGNING AND FILING OF THE TAX RETURN. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS ARE REQUIRED TO READ THE POLICY AND SIGN A FORM AFFIRIMING COMPLIANCE WITH POLICY AND REPORT TO AUDIT COMMITTEE ANY POSSIBLE CONFLICT OF INTEREST. Form 990, Part VI, Section B, Line 15b PAYROLL FOR EMPLOYEES ARE DETERMINED BY SPEFICIC UNION RATES AS AGREED UPON IN THE UNION CONTRACTS. HOWEVER, THERE ARE CASES WHEREIN PAY RATES ARE HIGHER BASED ON THE RECOMMENDATION OF THE DEPARTMENTAL MANAGERS AND APPROVED BY THE GENERAL MANAGER. THE GENERAL MANAGER'S COMPENSATION IS REVIEWED AND APPROVED BY THE THE BOARD OF DIECTORS AND A COMPENSATION COMMITTEE APPOINTED BY THE BOARD. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS MADE AVAILABLE TO MEMBERSHIP VIA WEBSITE AND UPON REQUEST FOR VALID PURPOSE. THE ORGANIZATION DOES NOT MAKE SUCH DOCUMENTS AVAILABLE TO THE PUBLIC. Form 990, Part IX, Line 24e BAD DEBTS: Column (A) - Total = $10164; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e BUILDING AND MAITENANCE: Column (A) - Total = $236151; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e EQUIPMENT RENTAL: Column (A) - Total = $32179; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e INCOME TAX: Column (A) - Total = $24892; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e INVESTMENT EXPENSE: Column (A) - Total = $16508; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e JUNIOR SAILING OPERATING EXPEN: Column (A) - Total = $72744; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e POOL OPERATING EXPENSE: Column (A) - Total = $26166; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PROFESSIONAL FEES: Column (A) - Total = $149714; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PROPERTY TAX: Column (A) - Total = $36459; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e REPAIR & MAINTENANCE: Column (A) - Total = $219682; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SHIP STORE OPERATING EXPENSE: Column (A) - Total = $2215; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SPONSORSHIP EXPENSE: Column (A) - Total = $185743; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SUPPLIES: Column (A) - Total = $122277; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SWIM TEAM OPERATING EXPENSE: Column (A) - Total = $1551; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e UTILITIES: Column (A) - Total = $140143; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e WATERFRONT OPERATIONS: Column (A) - Total = $73540; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e WEBSITE: Column (A) - Total = $44639; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e YOUTH PROGRAMS OPERATING EXPEN: Column (A) - Total = $30772; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0