2025-11-17T12:04:36-06:00 2024-12-31 720549733 ERICKSEN KRENTEL LLP 4227 CANAL STREET NEW ORLEANS LA 70119 990 2024-01-01 720323180 SOUTHERN YACHT CLUB OF NEW ORLEANS SOUT 5042884200 105 NORTH ROADWAY STREET NEW ORLEANS LA 70124 ED GASKELL GENERAL MANAGER 5042884200 2025-11-12 1 1 RONALD H DAWSON JR CPA P00442622 5044867275 2024 2025-03-06 01:10:19Z ED GASKELL 105 NORTH ROADWAY STREET NEW ORLEANS LA 70124 8789602 0 X WWW.SOUTHERNYACHTCLUB.ORG X 1849 LA TO PROMOTE THE SPORT OF SAILING. 12 12 115 0 115354 0 2811151 3064330 1472379 3041213 67290 117604 1641952 1589592 5992772 7812739 0 0 0 0 2596516 2655549 0 0 0 3149068 3244094 5745584 5899643 247188 1913096 15616530 20760322 3493389 6724085 12123141 14036237 X TO PROMOTE THE SPORT OF SAILING. THE CLUB PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS AND BOATING EQUIPMENT. THE CLUB PROVIDES INSTRUCTION IN THE SCIENCE OF SAILING AND RACING. IT SPONSORS REGATTAS AND EVENTS TO ENCOURAGE PARTICIPATION IN SAILING. THE CLUB ALSO PROVIDES ITS CLUBHOUSE FACILITIES TO FOSTER SOCIAL INTERACTION. 0 0 PROVIDES FACILITIES FOR MEMBERS TO FOSTER SOCIAL INTERACTION. PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS. PROVIDES INSTRUCTIONS IN THE SCIENCE OF SAILING. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 19 0 1 115 1 1 1 0 0 0 0 0 0 693209 668916 0 0 0 X 12 12 0 0 0 0 1 0 1 1 1 0 0 1 0 1 1 0 0 0 LA X ED GASKELL 5042884200 105 NORTH ROADWAY STREET NEW ORLEANS LA 70124 X ROBERT D FRIEND BOARD MEMBER 5.00 X 0 0 0 TIMOTHY B MOLONY MD COMMODORE 5.00 X X 0 0 0 JAMES R SANCHEZ JR VICE COMMODORE 5.00 X X 0 0 0 NATHAN P ADAMS III REAR COMMODORE 5.00 X X 0 0 0 DAN SULLIVAN BOARD MEMBER 5.00 X 0 0 0 ANNE DAVID BOARD MEMBER 5.00 X 0 0 0 PETER GAMBEL BOARD MEMBER 5.00 X 0 0 0 GENE SIMON BOARD MEMBER 5.00 X 0 0 0 WM CHRISTIAN GAMBEL JR SECRETARY/TREASURER 5.00 X X 0 0 0 HARRY G BARKERDING BOARD MEMBER 5.00 X 0 0 0 CHARLES A MEADE BOARD MEMBER 5.00 X 0 0 0 JOHN L MOSS JR BOARD MEMBER 5.00 X 0 0 0 EDWARD GASKELL III GENERAL MANAGER 40.00 X 222646 0 18129 CHRISTIAN ROSSIT EXECUTIVE CHEF 40.00 X 115656 0 8724 338302 0 26853 2 0 1 0 0 3064330 3064330 ASSESSMENT INCOME 900099 1441724 1441724 INITIATION FEES 900099 693209 693209 CAMPS AND CLINICS 900099 686581 686581 REGATTAS 900099 179639 179639 FITNESS CENTER 900099 40060 40060 3041213 115354 115354 2250 0 2250 2250 2250 2449158 976863 1472295 1472295 DELIQUENT FEES 900099 75854 75854 MISCELLANEOUS INCOME 900099 41443 41443 117297 7812739 4515758 115354 117297 338302 2059847 31050 226350 27176 16400 60937 60380 450018 666107 622680 REGATTA AND EVENTS 428320 REPAIRS AND MAINTENANCE 381669 SUPPLIES 289151 MISCELLANEOUS EXPENSE 118873 122383 5899643 1655215 3955180 40553 45556 1483763 2243615 80659 81768 202051 220420 19182255 8685053 9845757 10497202 2308532 3716581 15616530 20760322 340875 752548 1577219 3511389 1124 1574171 2460148 3493389 6724085 X 12123141 14036237 12123141 14036237 15616530 20760322 1913096 0 X X 0 1 X 1 0 1000 1000 14367471 6005335 8362136 498938 399420 99518 4314846 2280298 2034548 10497202 INITIATION RECEIVABLE - NON-CURRENT 724466 CAPITAL ASSESSMENT RECEIVABLE - NON-CURRENT 1492189 RIGHT OF USE ASSETS - OPERATING LEASES 1499926 3716581 OPERATING LEASES - LONG-TERM 1595148 MEMBER BONDS PAYABLE 865000 2460148 X PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE U.S. INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SECTION 121(5) OF TITLE 47 OF THE LOUISIANA REVISED STATUTES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CLUB'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE CLUB'S EVALUATION AS OF DECEMBER 31, 2024 REVEALED NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE 2021 THROUGH 2024 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. X X X 0 0 0 EDWARD GASKELL III GENERAL MANAGER 222646 0 0 0 0 0 0 0 18129 0 240775 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 15 DIFFERENT TYPES OF MEMBER CLASSES WHICH ARE DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD HAS TWO ANNUAL MEETINGS (IN JUNE AND DECEMBER) WHERE MEMBERS CAN VOTE ON CHANGES TO THE BY LAWS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM YEAR TO YEAR.