2023-11-15T13:18:50-06:00 2022-12-31 941668792 PETRINOVICH PUGH & COMPANY LLP 333 WEST SANTA CLARA ST 800 SAN JOSE CA 951131716 990 2022-01-01 940836785 THE SAN FRANCISCO YACHT CLUB SANF 4154359133 98 BEACH RD BELVEDERE CA 94920 STEPHEN FENTRESS TREASURER 4154359133 2023-11-15 1 STEPHEN FENTRESS 999009999 1 SCOTT WATTERS P01246213 4082877911 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MADELINE MOREY 98 BEACH RD BELVEDERE CA 94920 8147049 0 X WWW.SFYC.ORG X 1873 CA SEE SCHEDULE O 11 11 91 125 204911 16649 80400 80000 4822177 5120062 7167 22106 2090232 1851565 6999976 7073733 0 0 0 0 3101145 3693223 0 0 0 3280940 3708450 6382085 7401673 617891 -327940 21744955 21535474 6165752 6217063 15579203 15318411 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7), WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE SINGLE PURPOSE OF SOCIAL AND RECREATIONAL BENEFITS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE PART VIII FOR LISTING. 0 1 0 0 0 0 1 0 0 1 0 0 1 1 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 0 0 0 1 6 0 1 91 1 1 1 0 0 0 1 0 222283 673174 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X RANDI KORTVELY 4154359133 98 BEACH RD BELVEDERE CA 94920 MADELINE MOREY COMMODORE 10.00 X X 0 0 0 JENNIFER DAILEY VICE COMMODORE 10.00 X X 0 0 0 QUENTIN HILLS REAR COMMODORE 10.00 X X 0 0 0 STEPHEN FENTRESS TREASURER 10.00 X X 0 0 0 ROBERT SLAYMAKER SECRETARY 10.00 X X 0 0 0 JEFF CUSACK DIRECTOR 10.00 X X 0 0 0 ETHAN DOYLE DIRECTOR 10.00 X 0 0 0 JOHN EGELSTON DIRECTOR 10.00 X 0 0 0 SC DON JESBERG DIRECTOR 10.00 X 0 0 0 CASSIDY LYNCH DIRECTOR 10.00 X 0 0 0 PATRICIA YOUNG DIRECTOR 10.00 X 0 0 0 DAVID ROBINSON GENERAL MANAGER 40.00 X 127994 0 16808 RANDI KORTVELY FINANCIAL OFFICIAL 40.00 X 111118 0 15338 FORREST GAY SAILING DIRECTOR 40.00 X 140394 0 14060 DIXON HOLLIS CLUB MANAGER 40.00 X 139046 0 14406 KEVIN TENTIS HARBOR MASTER 40.00 X 122123 0 10142 640675 0 70754 5 0 1 0 0 80000 80000 MEMBERSHIP DUES 713990 2832219 2832219 BERTH RENTAL 713990 1474923 1474923 YOUTH SAILING 713990 596101 556155 39946 REGATTAS 713990 129132 129132 AUXILIARY 713990 87687 87687 5120062 24811 24811 2705 -2705 -2705 -2705 2637439 1070611 1566828 1426674 140154 INITIATION FEES 722100 222283 222283 NET ASSETS RELEASED FROM RESTRICT 722100 45235 45235 OTHER INCOME 722100 17219 17219 284737 7073733 6788822 204911 0 239112 2552780 663038 238293 213779 877476 504049 COMMITTEE EXPENSE 596355 ADMINISTRATIVE AND GENE 506279 REPAIRS AND MAINTENANCE 213449 UTILITIES 205742 591321 7401673 1485573 433070 116803 183951 697207 669401 120247 139665 154919 297559 24192491 8429173 16086538 15763318 3083668 4048510 21744955 21535474 310316 578939 384026 390018 5471410 5248106 6165752 6217063 X 15462400 15134459 116803 183952 15579203 15318411 21744955 21535474 X -327940 67148 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 3453993 3453993 2173008 3320152 -1147144 2957897 2056629 901268 15607593 3052392 12555201 15763318 DESIGNATED CASH & INVESTMENTS 4048510 4048510 CONSTRUCTION LOAN 5248106 5248106 X 8189242 1115509 1115509 7073733 0 7073733 8517182 1115509 1115509 7401673 0 7401673 PART III, LINE 1A: VARIOUS PIECES OF ARTWORK ARE DISPLAYED IN THE CLUB AS WELL AS PERPETUAL TROPHIES FOR THE ENJOYMENT OF THE MEMBERS. PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES THAT POSITIONS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,115,509. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,115,509. X 0 1 X X X X X 0 0 0 FORREST GAY SAILING DIRECTOR 118540 0 17560 0 4294 0 3776 0 10284 0 154454 0 0 0 DIXON HOLLIS CLUB MANAGER 114356 0 24690 0 0 0 3386 0 11020 0 153452 0 0 0 PART I, LINE 1B RECEIPTS WERE SUBMITTED FOR REIMBURSEMENT UP TO THE ALLOTTED AMOUNT IN CONTRACT. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE CLUB'S MISSION IS TO PROMOTE THE SCIENCE AND ART OF NAVIGATION AND NAVAL ARCHITECTURE, ENCOURAGE AND ASSIST IN MAKING MEMBERS PROFICIENT IN YACHTING, PROMOTE AQUATIC SPORTS, AND PROMOTE SOCIAL ACTIVITIES AMONG ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE CLUB HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - THE DECISIONS OF THE GOVERNING BODY OF THE CLUB ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REQUEST TO REVIEW AND DISCLOSE AS RELATED TO CONFLICT POLICY BY ALL BOARD DIRECTORS AND COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS PERIODICALLY TO REVIEW SALARIES AND SET WAGE INCREASES AND BONUSES FOR MANAGEMENT EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION AT THE CLUB. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND AVAILABLE FOR INSPECTION AT THE CLUB. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION OF THE CLUB. FORM 990, PART XI, LINE 9: CONTRIBUTIONS, REGATTA SUPPORT 111,410. RELEASE FROM RESTRICTION, REGATTA SUPPORT -45,235. INVESTMENT INCOME 973. FORM 990, LINE 2C NO CHANGE FROM PRIOR YEAR.