2023-11-09T17:44:10-06:00 2022-12-31 742920819 ATCHLEY & ASSOCIATES LLP 1005 LA POSADA DRIVE AUSTIN TX 78752 990 2022-01-01 746056547 AUSTIN YACHT CLUB AUST 5122661336 5906 BEACON DRIVE AUSTIN TX 78734 DAVID JAMAIL TREASURER 5122661336 2023-11-09 1 DAVID JAMAIL XXX-XX-XXXX 1 RENAE DUNCAN P01257722 5123462086 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID JAMAIL 5906 BEACON DRIVE AUSTIN TX 78734 1216213 0 X AUSTINYACHTCLUB.ORG X 1955 TX PROMOTING THE SPORT OF SAILING ON LAKE TRAVIS THROUGH REGATTAS, RACES, AND SAIL TRAINING PROGRAMS FOR ALL AGES. 9 9 12 200 198357 112877 0 64454 1125346 1116656 25 1742 -30266 -27673 1095105 1155179 0 0 0 0 234288 203410 0 0 0 704286 815163 938574 1018573 156531 136606 2388226 2501797 58135 31853 2330091 2469944 X THE AUSTIN YACHT CLUB (AYC) IS A PREMIER SAILING CLUB WITH AN EMPHASIS ON SAILBOAT RACING, SAILING EDUCATION, AND SOCIAL ACTIVITIES FOR THE ENTIRE FAMILY. AYC CREATES A FOCUSED AND RELAXED ATMOSPHERE WITH FAMILY ORIENTED ACTIVITIES CENTERED AROUND VOLUNTEERISM IN LEADERSHIP, COMMITTEES, EVENTS, AND ACTIVITIES. 0 0 PROMOTION OF RECREATIONAL, SOCIAL, SAILING AND OTHER WATER SPORTS ACTIVITIES ON THE LAKES OF TEXAS 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 12 1 1 1 0 0 0 1 1 25954 13655 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 X JACKIE WHEELESS 5122661336 5906 BEACON DR AUSTIN TX 78734 X DIANE COVERT IMMEDIATE PAST COMMODORE 10.00 X X 0 0 0 CHERYL PERVIER SECRETARY 10.00 X X 0 0 0 ANNE MORLEY COMMODORE 10.00 X X 0 0 0 RUSS SHERMER VICE COMMODORE 10.00 X X 0 0 0 DAVID JAMAIL TREASURER 10.00 X X 0 0 0 BOB GROSS RACE COMMANDER 10.00 X X 0 0 0 BILL HAWK HARBOR COMMANDER 10.00 X X 0 0 0 LINDA MCDAVITT SAIL TRAINING COMMANDER 10.00 X X 0 0 0 JEFF SABUDA BUILDINGS & GROUNDS COMMANDER 10.00 X X 0 0 0 0 0 0 0 0 0 0 ZIM SAILING INC 33 BROADCOMMON ROAD UNIT 1 BRISTOL RI 02809 BOAT CONSTRUCTION 182070 1 64454 64454 DOCK RENTALS 713990 409323 409323 MEMBERSHIP DUES 713990 407290 407290 CAMP AND CLINIC INCOME 713990 229768 47070 182698 SAILING PROGRAM REVENU 713990 28716 24914 3802 INITIATION FEES 713990 25954 25954 15605 15605 1116656 1360 1360 26655 22044 4611 4611 -5029 9640 380 2 0 0 380 2 382 382 6706 38990 -32284 -33141 857 1155179 891986 198357 382 X 189095 14315 1250 48272 15204 39958 154387 144301 UBIT TAX EXPENSE 12994 REPAIRS & MAINTENANCE 189224 SUPPLIERS 54313 SAILING EXPENSES 31993 123267 1018573 911443 217521 35135 1406 37391 14727 3959 7646 39417 60100 3797292 2271972 1360881 1525320 675077 2388226 2501797 58135 31853 58135 31853 X 2330091 2469944 2330091 2469944 2388226 2501797 136606 3247 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95244 95244 1452840 1038318 414522 2249208 1233654 1015554 1525320 US TREASURY BILL 167983 F US TREASURY NOTES 507094 F 675077 X 1219460 3247 3247 1216213 -61034 -61034 1155179 1079607 61034 61034 1018573 0 1018573 PART X, LINE 2: THE CLUB HAS ADOPTED FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBED A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2019, AND AFTER ARE OPEN TO EXAMINATION BY FEDERAL AND LOCAL AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: CABIN RENTAL EXPENSES -22,044. COST OF GOODS SOLD -38,990. PART XII, LINE 2D - OTHER ADJUSTMENTS: CABIN RENTAL EXPENSES 22,044. COST OF GOODS SOLD 38,990. FORM 990, PART VI, SECTION A, LINE 6 AUSTIN YACHT CLUB IS A MEMBERSHIP ORGANIZATION. THE FIVE CLASSES OF MEMBERSHIP ARE LIFE (VOTING), SENIOR (VOTING), ASSOCIATE (NON-VOTING), STUDENT (NON-VOTING) AND HONORARY (NON-VOTING). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS THE POLICY MAKING BODY OF THE AUSTIN YACHT CLUB. THE BOARD IS ELECTED ANNUALLY DURING THE GENERAL MEMBERSHIP MEETING AT THE END OF THE YEAR. FORM 990, PART VI, SECTION A, LINE 7B ANY DECISIONS OF THE GOVERNING BODY THAT CHANGE THE ORGANIZATION'S BY-LAWS REQUIRES A QUORUM VOTE OF THE MEMBERSHIP TO BE APPROVED. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE, THE TREASURER, AND A MEMBER OF THE FINANCIAL COMMITTEE REVIEW THE 990. THE TREASURER THEN PRESENTS IT TO THE BOARD OF DIRECTORS PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE COMMODORE IS RESPONSIBLE FOR ADDRESSING ANY EMPLOYEE CONFLICT OF INTEREST VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15B THE COMMODORE IS RESPONSIBLE FOR DETERMINING SALARIES FOR ALL EMPLOYEES, IN CONSULTATION WITH THE VICE COMMODORE AND IMMEDIATE PAST COMMODORE. FORM 990, PART VI, SECTION C, LINE 19 AUSTIN YACHT CLUB MEMBER HANDBOOK AND BY-LAWS ARE AVAILABLE TO MEMBERS ONLY ON THE CLUB'S WEBSITE. COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICE AND ARE AVAILABLE UPON REQUEST OF THE GENERAL MANAGER OF THE ORGANIZATION. FORM 990, PART IX, LINE 24E BANK CHARGES 27,267. FOOD AND BEVERAGES 20,787. CAMP & CLINIC EXPENSE 18,552. LAKE USAGE FEES 15,713. CLUB DIRECTORY 12,661. CABIN EXPENSES 12,438. DUES & SUBSCRIPTIONS 6,648. MISCELLANEOUS 6,300. BAD DEBT EXPENSE 3,350. CONTRIBUTIONS -449. PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT OF THE REVIEW FROM PRIOR YEAR.