2025-10-30T14:17:24-05:00 2024-12-31 EEPB 2950 NORTH LOOP W SUITE 1200 HOUSTON TX 77092 990 2024-01-01 741224480 Lakewood Yacht Club % KELLY HOLST LAKE 2814742511 2322 Lakewood Yacht Club Dr Seabrook TX 77586 KELLY HOLST GENERAL MANAGER 2814742511 2025-02-18 true true Roopashree Srikanth P01877548 7136220016 2024 2025-03-06 01:10:19Z KELLY HOLST 2322 Lakewood Yacht Club Dr Seabrook TX 77586 7445760 false X WWW.LAKEWOODYACHTCLUB.COM X 1955 TX THE PURPOSE OF LAKEWOOD YACHT CLUB IS TO PROVIDE AN EXCLUSIVE YACHTING ENVIRONMENT FOR THE BENEFIT OF ITS MEMBERS, BY FOSTERING COMARADERIE WHILE SATISFYING DIVERSE NEEDS. 14 14 139 150 551859 88339 47592 21845 7117038 7310313 84892 113602 0 0 7249522 7445760 0 0 0 0 3037634 3138561 0 0 0 4585994 4604863 7623628 7743424 -374106 -297664 8628729 8111591 3854095 3647596 4774634 4463995 LAKEWOOD YACHT CLUB PROVIDES AN EXCLUSIVE YACHTING ENVIRONMENT FOR THE BENEFIT OF ITS MEMBERS. DIVERSE SOCIAL AND RECREATIONAL NEEDS ARE MET WHILE FOSTERING A SENSE OF COMARADERIE. MEMBER PARTICIPATION ENSURES THAT THE CLUB PROVIDES SERVICES AND FACILITIES THAT CATER TO THEIR MUTUAL INTERESTS. false false LAKEWOOD YACHT CLUB IS LOCATED ON 38 BEAUTIFULLY LANDSCAPED ACRES WITH OVER 300 COVERED AND OPEN BOAT SLIPS. LAKEWOOD IS MORE THAN JUST A YACHT CLUB. IT IS A HAVEN FOR MEMBERS, THEIR FAMILIES AND GUESTS. THE BERMUDA-STYLE CLUBHOUSE PROVIDES LAKEWOOD'S 500 PLUS MEMBERS WITH QUIET HARBOR-VIEW DINING FACILITIES AND EXCELLENT CUISINE PROVIDED BY A PROFESSIONALLY TRAINED EXECUTIVE CHEF. THE CLUBHOUSE HAS A NEWLY REMODELED BAR AND PIANO LOUNGE WITH LARGE SCREEN TELEVISIONS THAT INVITES MEMBERS TO RELAX BY THE FIRE. THE BEAUTIFUL BALLROOM OVERLOOKING THE INNER HARBOR IS THE VENUE FOR MANY OF LAKEWOOD'S SOCIAL EVENTS AS WELL AS WEDDINGS, MEETINGS AND SUNDAY BRUNCH. A GAME ROOM PROVIDES SUPERVISED ACTIVITIES FOR MEMBERS' CHILDREN. THERE IS SOMETHING FOR EVERYONE AT LAKEWOOD, BEGINNING WITH A STRONG AGENDA OF REGATTAS AND CRUISES ORGANIZED ANNUALLY BY LAKEWOOD'S ENTHUSIASTIC VOLUNTEERS. AN ACTIVE LADIES ASSOCIATION HAS A BUSY MONTHLY AGENDA WHICH INCLUDES A SPECIAL SUMMER ACTIVITY. THE YOUTH PROGRAM, KNOWN AS THE SEAHORSES, IS GUIDED YEAR-ROUND BY THE CLUB'S PARENT VOLUNTEERS AND FULL-TIME SAILING DIRECTOR. THREE LIGHTED TENNIS COURTS AND FRIENDLY BUT COMPETITIVE MONTHLY TENNIS SOCIALS AND WEEKLY MATCHES ADD TO THE ALLURE OF LAKEWOOD. false false false false true false false false false true false false false true true true false false true false false false false false false false false false true false false false false false true false false false false false false false false true X 23 0 139 true true true false false false false false X 14 14 false false false false true true true true true false false true false false false false true false X KELLY HOLST 2814742511 2322 LAKEWOOD YACHT CLUB DR SEABROOK TX 77586 KELLY HOLST GENERAL MANAGER 40.0 0.0 X 229241 0 8835 MARK LAUER ASST GENERAL MANAGER 40.0 0.0 X 121788 0 4462 DONDALD MCDONALD CHEF 40.0 0.0 X 114515 0 1520 WALTER TERRY FLYNN Waterfront Director 40.0 0.0 X 101179 0 3720 DWIGHT BENGTSON COMMODORE 5.0 0.0 X X 0 0 0 DUANE GUIDRY VICE COMMODORE 5.0 0.0 X X 0 0 0 PAUL DUNPHEY FORMER COMMODORE 5.0 0.0 X X 0 0 0 DAVID COMEAUX FLEET CAPTAIN DIRECTOR 5.0 0.0 X X 0 0 0 RICHARD TOMLINSON DIRECTOR 2.0 0.0 X 0 0 0 JAY JOHNSON SECRETARY/DIRECTOR 2.0 0.0 X 0 0 0 GARROW WESSENDORFF DIRECTOR 2.0 0.0 X 0 0 0 DWAYNE BREAUX DIRECTOR 2.0 0.0 X 0 0 0 MARIE WISE REAR COMMODORE CAPTAIN 5.0 0.0 X X 0 0 0 GARY GARNETT DIRECTOR 2.0 0.0 X 0 0 0 PHIL ELTING DIRECTOR 2.0 0.0 X 0 0 0 JAY BRINKMANN DIRECTOR/TREASURER 5.0 0.0 X X 0 0 0 NAT KEMBERLING DIRECTOR 2.0 0.0 X 0 0 0 STEPHEN GUERIN DIRECTOR 2.0 0.0 X 0 0 0 LINDA WEIDMANN DIRECTOR 2.0 0.0 X 0 0 0 566723 0 18537 4 false true false 0 X 21845 21845 MEMBERSHIP DUES 3037176 3037176 FOOD & BEVERAGE SALES 713910 2142794 1827831 314963 HARBOR & CABANA FEES 1658678 1658678 RECREATION & YOUTH FEES 713910 299863 187645 112218 LADIES ASSOCIATION REVENUE 76214 76214 95588 84512 11076 7310313 113602 113602 0 0 0 0 0 0 0 21845 0 0 0 0 0 0 0 0 0 7445760 6872056 551859 X 0 0 0 0 585260 585260 0 1994874 1742228 252646 33279 33279 298372 500 297872 226776 193309 33467 0 615 615 23492 23492 0 0 0 0 31506 31506 75713 75713 30145 30145 0 311308 288528 22780 0 0 0 163034 163034 0 773965 773965 913872 896129 17743 FOOD AND BEVERAGE 882061 882061 REPAIRS & MAINTENANCE 343354 319492 23862 LICENSES & FEES 218933 52861 166072 OTHER PROGRAM SERVICES 662923 623611 39312 173942 173942 7743424 6726426 1016998 1198903 1155176 1641931 1753925 0 0 517073 517606 0 0 0 0 0 0 133804 112915 444972 287326 21248424 16963781 4692046 4284643 0 0 0 0 0 0 0 0 0 0 8628729 8111591 291767 246659 0 0 114434 91792 0 0 0 0 0 0 3435279 3301120 0 0 12615 8025 3854095 3647596 X 4774634 4463995 0 0 4774634 4463995 8628729 8111591 X -297664 -12975 X false true true false 2 0 27273 31270 158619 true true 521066 521066 15834200 13326551 2507649 2591603 1723012 868591 2197879 1914218 283661 103676 103676 4284643 0 DEPOSITS 8025 8025 X 7444791 7444791 969 969 7445760 7755424 7755424 -12000 -12000 7743424 RECONCILIATION TO AUDITED STATEMENTS PART XI, LINE 4B - OTHER INCOME INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1: OTHER INCOME FROM BOOK/TAX DIFFERENCE 969 PART XII, LINE 4B - OTHER EXPENSES NOT INCLUDED ON FORM 990, PART IX, LINE 25 BUT NOT LINE 1: PROVISION FOR INCOME TAX 6,000 BAD DEBT RECORDED AS INCREASE IN A/R ALLOWANCE 6,000 TOTAL 12,000 FIN 48 FOOTNOTE FROM AUDITED STATEMENTS FORM 990, SCHEDULE D, PART X, LINE 2 The Club did not have unrecognized tax benefits as of December 31, 2024 and does not expect this to change significantly over the next twelve months. In accordance with FASB ASC 740-10-25, the Club will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of December 31, 2024, the Club has not accrued interest or penalties related to uncertain tax positions. The Club's U.S. federal tax returns are open to audit under the statute of limitations for the years ended December 31, 2020 and beyond. X false false false KELLY HOLST GENERAL MANAGER 229241 8835 238076 MARK LAUER ASST GENERAL MANAGER 121788 4462 126250 DONDALD MCDONALD CHEF 114515 1520 116035 WALTER TERRY FLYNN Waterfront Director 101179 3720 104899 COMPENSATION SCHEDULE J, PART I, LINE 3: COMPENSATION OF THE GENERAL MANAGER, WHO IS NOT AN OFFICER OR DIRECTOR, IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE, GENERALLY IN DECEMBER. THE EXECUTIVE COMMITTEE CONSISTS OF THE COMMODORE, VICE COMMODORE, REAR COMMODORE, FLEET CAPTAIN, SECRETARY, AND TREASURER OF THE CLUB. LYC CONCOURS CORPORATION common board member some years 0 MGMT FEES, RENT & LICENSE FEES FORM 990, PAGE 6, PART VI GOVERNING BODY AND MANAGEMENT, POLICIES AND DISCLOSURE SECTION A, LINE 6 THERE ARE MULTIPLE CLASSES OF MEMBERS: RESIDENT, JUNIOR, CORPORATE SPONSORED, NONRESIDENT, ASSOCIATE, STUDENT, WIDOW(ER), HONORARY, PAST COMMODORE HONORARY AND ACTIVE DUTY MILITARY. SECTION A, LINE 7A. RESIDENT AND JUNIOR MEMBERS HAVE VOTING RIGHTS. SECTION A, LINE 7B. THE MEMBERS ELECT THE DIRECTORS BY BALLOT AND CHANGES TO THE BYLAWS MUST BE VOTED ON BY THE MEMBERS. POLICIES: SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD TREASURER, THE CLUB'S GENERAL MANGER AND THE CLUB'S ACCOUNTANT. A COPY OF THE APPROVED FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. DISCLOSURE: SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND TAX RETURNS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PAGE 5, PART V STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE LINE 10B - GROSS RECEIPTS FOR PUBLIC USE OF CLUB FACILITIES. THERE IS NO SPECIFIC CHARGE FOR PUBLIC USE OF THE CLUB FACILITIES. THE PUBLIC HAS LIMITED ACCESS TO THE FACILITIES THROUGH BANQUETS OR CERTAIN YOUTH ACTIVITES AND FEES FOR THOSE ACTIVITIES INCLUDE THE USE OF THE FACILITIES. RECEIPTS FROM NONMEMBER USE ARE REPORTED ON FORM 990-T AS UNRELATED BUSINESS REVENUE. FORM 990, PAGE 12, PART XI, LINE 9 PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES: PROVISION FOR INCOME TAX (6,000) BAD DEBT RECORDED AS INCREASE IN A/R ALLOWANCE (6,000) TOTAL (12,000)