2025-11-12T15:22:53-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2024-01-01 520227500 THE ANNAPOLIS YACHT CLUB INC ANNA 4102639147 PO BOX 908 ANNAPOLIS MD 214040908 TIM CUSACK COMMODORE 4102639147 2025-11-12 1 1 KERRI RAWCLIFFE P01398485 4016216200 2025-11-12 2024 2025-03-06 01:10:19Z TIM CUSACK PO BOX 908 ANNAPOLIS MD 214040908 20323366 0 X WWW.ANNAPOLISYC.COM X 1937 MD SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 10 10 328 300 297327 705497 0 47175 10472443 11186657 709679 651905 549604 316420 11731726 12202157 0 0 0 0 3794457 3796661 0 0 0 7050408 6953219 10844865 10749880 886861 1452277 64515877 65910116 28326942 28268904 36188935 37641212 THE ANNAPOLIS YACHT CLUB'S MISSION IS TO ENCOURAGE AND SUPPORT A WIDE RANGE OF BOATING ACTIVITIES, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ASSOCIATED FACILITIES FOR THE RECREATIONAL AND SOCIAL USE OF ITS MEMBERS. 0 0 THE CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 138 0 1 328 1 1 1 0 0 0 1 1 0 0 917904 1163384 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X MERCEDES BUCELATO 4102639147 PO BOX 908 ANNAPOLIS MD 214040908 X TIMOTHY CUSACK COMMODORE 2.00 X X 0 0 0 C EDWARD HARTMAN III PAST COMMODORE 1.00 X 0 0 0 CHRISTOPHER BELL VICE COMMODORE 2.00 X X 0 0 0 TED KACZMARSKI REAR COMMODORE 2.00 X X 0 0 0 CEDRIC LEWIS FLEET CAPTAIN 1.00 X 0 0 0 ERIC KEITZ SECRETARY 1.00 X 0 0 0 STEPHEN PALMER TREASURER 1.00 X 0 0 0 KEITH MISNER GENERAL MEMBER 1.00 X 0 0 0 ELIOT POWELL GENERAL MEMBER 1.00 X 0 0 0 MAJOR GENERAL ANDREW DAVIS GENERAL MEMBER 1.00 X 0 0 0 BRIAN ASCH GENERAL MANAGER 50.00 X 508710 0 21981 MICHAEL HERR EXECUTIVE CHEF 50.00 X 198472 0 21881 MERCEDES BUCLEATO DIRECTOR OF FINANCE 50.00 X 205516 0 7004 912698 0 50866 3 0 1 0 KELLY BENEFITS PO BOX 418926 BOSTON MA 02241 BENEFITS ADMINISTRATION 517424 SMART COMPUTING SOLUTIONS 111 FORBES STREET ANNAPOLIS MD 21401 TECHNOLOGY 183487 2 47175 47175 MEMBERSHIP DUES 713910 4817797 4817797 DESIGNATED DUES & CAPITAL ASSESSM 713910 2702600 2702600 JUNIOR FLEET 713910 1200252 1200252 INITIATION FEES 713910 917904 917904 BOATYARD/SLIP RENTAL 713910 699015 699015 849089 849089 11186657 750171 750171 39875 138141 -98266 -98266 -98266 8299488 7983068 316420 769264 -452844 12202157 11857655 297327 0 912698 2381632 85527 192317 224487 5779 36430 68918 553929 791698 16810 672376 2212469 304210 TAXES 121104 REPAIRS & MAINTENANCE 956193 RACE EXPENSES 332422 COMMITTEE EXPENSES 326152 554729 10749880 513591 858983 13098362 14818668 6207152 6448537 488474 600227 454476 442918 423539 502288 54715869 12477374 43330283 42238495 64515877 65910116 1334032 1229573 10353762 11175715 16639148 15863616 28326942 28268904 X 36188935 37641212 36188935 37641212 64515877 65910116 1452277 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4698504 4698504 40815366 7333972 33481394 9201999 5143402 4058597 42238495 X 20185226 7983069 7983069 12202157 0 12202157 18732949 7983069 7983069 10749880 0 10749880 PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OF EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REAIZED UPON ULTIMATE SETTLEMENT. THE CLUB RECOGNIZES INTEREST AND PENALTIES ACCRUED ON UNRECOGNIZED TAX EXPOSURES AS COMPONENT OF INCOME TAX EXPENSE. THE CLUB DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,983,069. GAIN ON DISPOSAL OF ASSETS INCLUDED IN EXPENSES ON FINANCIAL STATEMENT PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,983,069. LOSS ON DISPOSAL OF ASSETS X 1 1 X X X X 0 0 0 BRIAN ASCH GENERAL MANAGER 488710 0 20000 0 0 0 0 0 21981 0 530691 0 0 0 MICHAEL HERR EXECUTIVE CHEF 165460 0 33012 0 0 0 0 0 21881 0 220353 0 0 0 MERCEDES BUCLEATO DIRECTOR OF FINANCE 164606 0 40910 0 0 0 0 0 7004 0 212520 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A SOCIAL ORGANIZATION, THE ANNAPOLIS YACHT CLUB, INC. HAS MEMBERS WHO PAY MEMBERSHIP DUES IN ORDER TO UTILIZE AND BENEFIT FROM THE CLUB'S FACILITIES AND ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ANNAPOLIS YACHT CLUB, INC. MAY ELECT MEMBERS OF THE GOVERNING BODY, THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSED CHANGES TO THE BY-LAWS MUST BE VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM IS COMPLETED, IT IS PRESENTED TO THE AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD OF GOVERNORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT-OF-INTEREST POLICY AND REPORT ANY INTERESTS THAT COULD CAUSE CONFLICT. THE POLICIES ARE REVIEWED ANNUALLY BY THE BOARD OF GOVERNORS FOR ANY CHANGES, MODIFICATIONS, ETC. VENDOR CONTRACTS ARE REVIEWED FOR POTENTIAL CONFLICTS. A CONFLICT-OF-INTEREST DOCUMENT IS PREPARED AND SIGNED FOR ANY POTENTIAL CONFLICTS. THE CONFLICT-OF-INTEREST DOCUMENTS ARE REVIEWED BY THE FINANCE COMMITTEE AND ULTIMATELY THE BOARD OF GOVERNORS, IF NECESSARY. WHEN A CONFLICT OCCURS, THE CONFLICT IS DOCUMENTED, AND THE BOARD DECIDES IF THE PERSON CAN PARTICIPATE OR RECUSE THEMSELVES FROM THE DELIBERATIONS/DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE'S ROLE IS TO ASSIST THE BOARD IN DISCHARGING ITS RESPONSIBILITIES RELATING TO COMPENSATION OF THE CLUB'S EXECUTIVES AND TO OVERSEE AND ADVISE THE BOARD ON THE ADOPTION OF POLICIES THAT GOVERN THE CLUB'S COMPENSATION AND BENEFIT PROGRAMS. THE MEMBERSHIP OF THE COMMITTEE CONSISTS OF AT LEAST THREE BOARD MEMBERS AND MAY INCLUDE CLUB MEMBERS WITH RELEVANT PROFESSIONAL EXPERIENCE. THE COMMODORE AND BOARD APPOINT THE MEMBERS OF THE COMMITTEE AND THE CHAIRPERSON. THE BOARD MAY REMOVE ANY MEMBER FROM THE COMMITTEE AT ANY TIME WITH OR WITHOUT CAUSE. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE MANAGEMENT TEAM. THE COMMITTEE RECEIVES SALARY STUDIES EVERY OTHER YEAR PERFORMED BY CLUB MANAGERS ASSOCIATION OF AMERICA AND USES THE DATA TO REVIEW AND APPROVE THE COMPENSATION AND INCENTIVE PROGRAMS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. THE FORM 990 CAN ALSO BE OBTAINED ONLINE AT WWW.GUIDESTAR.ORG.