2025-11-14T12:34:03-06:00 2024-12-31 742920819 ATCHLEY & ASSOCIATES LLP 1005 LA POSADA DRIVE AUSTIN TX 78752 990 2024-01-01 746056547 AUSTIN YACHT CLUB AUST 5122661336 5906 BEACON DRIVE AUSTIN TX 78734 REBECCA HESTON TREASURER 5122661336 2025-11-14 1 1 RENAE DUNCAN P01257722 5123462086 2025-11-14 2024 2025-03-06 01:10:19Z REBECCA HESTON 5906 BEACON DRIVE AUSTIN TX 78734 1380163 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 14 200 212042 0 0 0 1203367 1254754 19429 38709 -42448 -24017 1180348 1269446 0 0 0 0 233650 280296 0 0 0 1010775 1008086 1244425 1288382 -64077 -18936 2472990 2489644 51171 74518 2421819 2415126 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 0 0 0 0 0 0 0 0 1 0 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 18 0 1 14 1 1 1 0 0 0 0 28525 0 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 BILL HAWK COMMODORE 10.00 X X 0 0 0 RUSS SHERMER IMMEDIATE PAST COMMODORE 10.00 X X 0 0 0 RENEE RUAIS VICE COMMODORE 10.00 X X 0 0 0 BECKY HESTON TREASURER 10.00 X X 0 0 0 LYNN JAEGAR SECRETARY 10.00 X X 0 0 0 TERRY SCHERTZ RACE COMMANDER 10.00 X X 0 0 0 MIKE BEUERLEIN HARBOR COMMANDER 10.00 X X 0 0 0 ROBERT BENNETT SAIL TRAINING COMMANDER 10.00 X X 0 0 0 LEWIS PRICE BUILDINGS & GROUNDS COMMANDER 10.00 X X 0 0 0 0 0 0 0 0 0 0 0 DOCK RENTALS 713990 475369 475369 MEMBERSHIP DUES 713990 460918 460918 CAMP AND CLINIC INCOME 713990 241472 67968 173504 INITIATION FEES 713990 28525 28525 SAILING PROGRAM REVENUES 713990 25633 15503 10130 22837 21712 1125 1254754 29769 29769 29715 14889 14826 14826 9495 5331 50406 6848 34618 -6848 15788 8940 15788 -6848 6048 54362 -48314 -47345 -969 INSURANCE CLAIM INCOME 900099 9471 9471 9471 1269446 1057404 212042 0 259229 21067 1170 49393 48357 85323 834 146516 187545 UBIT TAX EXPENSE 24820 REPAIRS & MAINTENANCE 179331 SUPPLIERS 157677 BANK CHARGES 37350 89770 1288382 35549 138731 861738 896903 6320 4930 15351 1575 75429 63338 3662916 2278749 1478603 1384167 2472990 2489644 51171 74518 51171 74518 X 2421819 2415126 2421819 2415126 2472990 2489644 -18936 12243 0 X X 0 1 X 1 0 95244 95244 1262605 1052754 209851 2305067 1225995 1079072 1384167 X 1350940 12243 69251 81494 1269446 0 1269446 1357633 0 1357633 -69251 -69251 1288382 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, 2021 AND AFTER ARE OPEN TO EXAMINATION BY FEDERAL AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 54,362. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 14,889. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B -54,362. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B -14,889. FORM 990, PART VI, SECTION A, LINE 6 AUSTIN YACHT CLUB IS A MEMBERSHIP ORGANIZATION. THE SIX CLASSES OF MEMBERSHIP ARE LIFE (VOTING), SENIOR (VOTING), ASSOCIATE (NON-VOTING), YOUNG ADULT (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 BOARD OF DIRECTORS, THE AUDIT COMMITTEE, THE GM, THE OUTSIDE ACCOUNTANT, THE TREASURER, AND THE FINANCIAL COMMITTEE REVIEW THE 990 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. PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT OF THE REVIEW FROM PRIOR YEAR.