2025-09-02T11:53:54-05:00 2024-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2024-01-01 952112652 LONG BEACH YACHT CLUB LONG 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 PHIL DANDRIDGE TREASURER 5625989401 2025-09-02 1 0 MARK J HENNELLY P00982999 8186375000 2024 2025-03-06 01:10:19Z PHIL DANDRIDGE 6201 APPIAN WAY LONG BEACH CA 90803 11704330 0 X WWW.LBYC.ORG X 1929 CA RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. 17 17 138 0 498910 221941 0 0 5998356 6354309 178172 379866 -60270 174063 6116258 6908238 0 0 0 0 2220282 2424691 0 0 0 3002089 3289989 5222371 5714680 893887 1193558 12072310 13262284 1245342 1163598 10826968 12098686 RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. 0 0 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. 0 0 0 0 0 0 0 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 62 0 138 1 1 1 0 0 0 1 1 1129233 1045400 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARCIA PETTWAY 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 SCOTT DIXON COMMODORE 4.00 X X 0 0 0 LISA MEIER VICE COMMODORE 4.00 X X 0 0 0 BOB PIERCY REAR COMMODORE 4.00 X X 0 0 0 GREG MAGNUSON FLEET CAPTAIN 4.00 X X 0 0 0 TOM CAMP PORT CAPTAIN 4.00 X X 0 0 0 BLAIR CARTY JR. STAFF COMM 4.00 X 0 0 0 RANDY BEERS DIRECTOR 4.00 X 0 0 0 SCOTT MEYER DIRECTOR 4.00 X 0 0 0 KC COULTRUP DIRECTOR 4.00 X 0 0 0 LIZ PALMER DIRECTOR 4.00 X 0 0 0 JOE SEIBERT DIRECTOR 4.00 X 0 0 0 KELLIE WOODWORTH DIRECTOR 4.00 X 0 0 0 WENDY CORZINE DIRECTOR 4.00 X 0 0 0 MIKE GEHRING DIRECTOR 4.00 X 0 0 0 ALEXANDRA WEISS ROESER DIRECTOR 4.00 X 0 0 0 JOSHUA WOOTTON DIRECTOR 4.00 X 0 0 0 BOB SNOW DIRECTOR 4.00 X 0 0 0 PHIL DANDRIDGE TREASURER 4.00 X 0 0 0 BRENDA SHERIDAN SECRETARY 4.00 X 0 0 0 NORMAN CRAIG RICH GENERAL MANAGER 40.00 X 317042 0 7769 MATHEW WILLISTON SOUS CHEF 40.00 X 139650 0 2905 MARCIA PETTWAY CONTROLLER 40.00 X 187965 0 4275 KENNETH HASELWOOD EXECUTIVE CHEF 40.00 X 171747 0 3504 STUART CAMERON MACLAREN YACHTING DIRECTOR 40.00 X 127496 0 2975 ANDREA HARD MEMBERSHIP DIRECTOR 40.00 X 113950 0 2620 1057850 0 24048 6 0 1 0 ENGLANDER KNABE ALLEN & ASSOC LLC 2335 E COLORADO BLVD PASADENA CA 91107 CONSULTING 107175 1 MEMBERSHIP DUES 713910 4516731 4516731 CAPITAL DUES 713910 854309 854309 OTHER PROGRAMS 713910 492601 485239 7362 INITIATION FEES 713910 274924 274924 CONGRESSIONAL CUP 713910 143654 65851 77803 72090 72090 6354309 379866 379866 4970155 4796092 174063 140184 33879 6908238 6409328 498910 0 X 324811 1570913 31245 357586 140136 419391 220345 OTHER OPERATING EXPENSE 387821 SPONSORSHIP EXPENSE 358221 F&B OPERATING EXPENSE 279941 BUILDING AND MAINTENANC 274909 1349361 5714680 397563 520608 684090 676800 215413 240384 86299 52527 7728011 4409053 2928987 3318958 0 7759958 8453007 12072310 13262284 989258 926376 256084 237222 1245342 1163598 X 10826968 12098686 10826968 12098686 12072310 13262284 1193558 78160 0 X 0 1 X 1 0 3006551 2040738 965813 163930 133330 30600 3822526 2234755 1587771 735004 230 734774 3318958 BOARD DESIGNATED CASH 4217212 BOARD DESIGNATED MARKETABLE SECURITIES 3095271 LEASE & LONG DOCK 868779 OTHER ASSETS 35479 BOARD DESIGNATED INITIATION FEES RECEIVA 13856 OPERATING LEASE RIGHT-OF-USE ASSET 222410 8453007 CLUB TREASURIES 14812 OPERATING LEASE OBLIGATION 222410 237222 X 11766136 78160 4796092 4874252 6891884 16354 16354 6908238 10494418 4796092 4796092 5698326 16354 16354 5714680 PART X, LINE 2: 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, 2024, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2024, THE CLUB'S 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 ADJUSTMENTS: COST OF GOODS SOLD 4,796,092. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE NETTED ON F/S 16,354. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,796,092. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE 16,354. X X X 0 0 0 NORMAN CRAIG RICH GENERAL MANAGER 310756 0 0 0 6286 0 7769 0 0 0 324811 0 0 0 MARCIA PETTWAY CONTROLLER 170994 0 16971 0 0 0 4275 0 0 0 192240 0 0 0 KENNETH HASELWOOD EXECUTIVE CHEF 157187 0 14560 0 0 0 3504 0 0 0 175251 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - LONG BEACH YACHT CLUB HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - LONG BEACH YACHT CLUB HAS MEMBERS THAT ELECT MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - 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 LINE 11B EXPLANATION - 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 15 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 REPAIR & MAINTENANCE 218,168. UTILITIES 144,309. A&G OPERATING EXPENSES 139,607. SUPPLIES 132,895. WATERFRONT OPERATIONS 112,995. FLAG OFFICERS' PROGRAM EXPENSES 108,919. PROFESSIONAL FEES 100,938. INCOME TAX 88,521. JUNIOR SAILING OPERATING EXPENSES 72,196. WEBSITE 61,741. YOUTH PROGRAMS OPERATING EXPENSES 49,197. PROPERTY TAX 36,319. REGATTA EXPENSE 28,405. EQUIPMENT RENTAL 27,284. INVESTMENT EXPENSE 16,354. POOL OPERATING EXPENSE 6,907. BAD DEBTS 2,749. SWIM TEAM OPERATING EXPENSE 1,561. SHIP STORE OPERATING EXPENSE 296.