2025-11-11T07:03:52-06:00 2024-12-31 540737372 PBMARES LLP 4114 LEGATO ROAD 5TH FLOOR FAIRFAX VA 22033 990 2024-01-01 521198273 EASTPORT YACHT CLUB LIMITED EAST 4102679549 PO BOX 3205 ANNAPOLIS MD 21403 BOB SCHNABEL COMMODORE 4102679549 2025-10-23 1 1 EDWARD T YODER CPA P00239134 7035915200 2025-10-23 X 2024 2025-03-06 01:10:19Z ROBERT SCHNABEL PO BOX 3205 ANNAPOLIS MD 21403 4127991 0 X EASTPORTYC.ORG X 1980 MD TO PROMOTE AND ENCOURAGE SAILING 7 7 91 50 259560 128722 1749128 0 730206 2399951 73785 143397 41393 1070180 2594512 3613528 0 0 0 0 474793 1359111 0 0 0 1414082 1568560 1888875 2927671 705637 685857 10228868 10779930 4032894 3328427 6195974 7451503 TO PROMOTE AND ENCOURAGE SAILING 0 0 PROMOTION OF PLEASURE SAILING. DEVELOP AND SUSTAIN INTEREST IN WATERCRAFTS OF ALL TYPES. SPONSOR SAILING EVENTS AND FURTHER THE ENJOYMENT OF SAILING. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 1 0 0 1 17 0 1 91 1 1 1 0 0 0 0 325357 186116 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X THE ORGANIZATION 4102679549 PO BOX 3205 ANNAPOLIS MD 21403 BOB SCHNABEL COMMODORE 2.00 X X 0 0 0 JOHN RYDER VICE COMMODORE 2.00 X X 0 0 0 JENNIFER ELLEFSON REAR COMMODORE 2.00 X 0 0 0 BILL PHILLIPS FLEET CAPITAN 2.00 X 0 0 0 AMY STRYKER KEEPER OF THE LOG 2.00 X 0 0 0 JIM BURDICK TREASURER 2.00 X X 0 0 0 LEE MAYNARD PAST COMMODORE 2.00 X X 0 0 0 DAN MCQUAY CLUB MANAGER 40.00 X 117698 0 3480 117698 0 3480 1 0 0 0 0 MEMBER DUES 900099 1805177 1805177 REGATTA 900099 276086 262973 13113 MARINA 900099 237994 237994 HOUSE EVENTS 900099 31741 31741 PARTY IN THE PORT 900099 28759 15215 13544 20194 20194 2399951 141297 141297 2100 0 2100 2100 2100 1548750 514463 1034287 942681 91606 OTHER INCOME 900099 35893 35893 35893 3613528 3353968 259560 0 121178 1032727 84813 120393 54761 63818 51300 92011 170814 128857 290288 121174 UBIT 57678 SAILING EVENTS 206990 REPAIRS AND MAINTENCE 177328 SUPPLIES 116422 37119 2927671 3118521 592907 3115621 135903 126710 75407 80704 89644 69878 10514884 3743334 6783742 6771550 22560 25651 10228868 10779930 129500 133722 34447 67435 3325596 3127270 543351 0 4032894 3328427 X 6195974 7451503 6195974 7451503 10228868 10779930 685857 569672 0 X 0 1 X 1 0 2335000 2335000 541407 534110 7297 6899452 2621823 4277629 268758 172221 96537 470267 415180 55087 6771550 X 4127129 514463 514463 3612666 862 862 3613528 3441272 514463 514463 2926809 862 862 2927671 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBERS' TRANSACTIONS AND OTHER ACTIVITIES RELATED DIRECTLY TO ITS NONPROFIT PURPOSES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (IRC). FEDERAL INCOME TAXES ARE CALCULATED ON UNRELATED BUSINESS INCOME. THE AFFILIATE IS A PASS-THROUGH ENTITY FOR FEDERAL INCOME TAX PURPOSES, AND THUS NO INCOME TAX EXPENSE HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE CLUB'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED AND ACCOUNTED FOR THE SIGNIFICANT CHANGE IN FEDERAL TAX RATES AS REFLECTED IN THE STATEMENTS OF FINANCIAL POSITION AND ACTIVITIES. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE CLUB'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSES AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 514,463. PART XI, LINE 4B - OTHER ADJUSTMENTS: SALES DISCOUNT 862. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 514,463. PART XII, LINE 4B - OTHER ADJUSTMENTS: SALES DISCOUNT 862. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A SOCIAL CLUB THAT IS COMPRISED OF MEMBERS WHO PAY A ONE TIME INITIATION FEE AND AN ANNUAL MEMBERSHIP FEE FORM 990, PART VI, SECTION A, LINE 7A THE CLUB HOLDS AN ANNUAL MEETING WHERE THE BOARD OF DIRECTORS IS ELECTED BY THE VOTING MEMBERS FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS OR CLUB POLICY IS VOTED ON BY THE MEMBERS AT THE ANNUAL MEETING FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVE A DRAFT VERSION OF THE FORM 990 THAT IS REVIEWED AND APPROVED BEFORE FINAL FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB'S BOARD OF DIRECTORS REVIEW AND SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AT WHICH POINT ANY MEMBER WHO MAY HAVE A CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE THE POSSIBLE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A AS PART OF CONTRACT NEGOTIATIONS, THE CLUB'S BOARD OF DIRECTORS PERFORMS A PERIODIC REVIEW OF THE CLUB MANAGER'S COMPENSATION AND COMPARES TO COMPENSATION OF MEMBERS WITH SIMILAR SIZE CLUBS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS A PUBLIC DISCLOSURE POLICY WHERE IF SOMEONE ASKS FOR A COPY OF THE ORGANIZATION'S 990 THE APPROPRIATE PAGES ARE PROVIDED TO THEM. EYC HOLDINGS LLC PO BOX 3205 ANNAPOLIS MD 21403 REAL ESTATE HOLDING LLC MD EASTPORT YACHT CLUB EASTPORT YACHT CLUB FOUNDATION PO BOX 3205 ANNAPOLIS MD 21403 TO RAISE FUNDS TO SUPPORT LOCAL CHARITIES AND SAILING IN THE COMMUNITY MD 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0