2025-11-13T13:54:42-06:00 2024-12-31 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2024-01-01 590932703 EAU GALLIE YACHT CLUB INC EAUG 3217732600 100 DATURA DRIVE INDIAN HARBOUR BEACH FL 32937 ANITA CARBONE TREASURER 3217732600 2025-11-13 1 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2024 2025-03-06 01:10:19Z JOSEPH R HARRIS IV 100 DATURA DRIVE INDIAN HARBOUR BEACH FL 32937 9555962 0 X WWW.EGYACHTCLUB.COM X 1907 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 178 75 85230 53254 0 0 4929548 5710428 -520395 217650 1595697 106655 6004850 6034733 0 0 0 0 4004766 2072109 0 0 0 1938213 2651324 5942979 4723433 61871 1311300 14642976 18225412 3288739 5559875 11354237 12665537 X EAU GALLIE YACHT CLUB IS A PRIVATE MEMBER ONLY CLUB WHERE FRIENDS AND FAMILY CAN MEET IN A SOCIAL AND RELAXED ATMOSPHERE. THE CLUB PROVIDES DINING, BANQUET FACILITIES, BOAT DOCKAGE, TENNIS COURTS, AND A VARIETY OF FUNCTIONS THROUGHOUT THE YEAR TAILORED TO THE NEEDS AND WISHES OF MEMBERSHIP. 0 0 THE CLUB PROVIDES FOOD, BEVERAGES, TENNIS, AND DOCKING FACILITIES FOR MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 55 0 1 178 1 1 1 0 0 0 1 1 2051481 420895 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X JULIA PARR 3217732600 100 DATURA DRIVE INDIAN HARBOUR BEACH FL 32937 JOSEPH HARRIS COMMODORE 10.00 X X 0 0 0 STEVE YOUNG VICE COMMODORE 2.00 X X 0 0 0 PAUL DUPRE REAR COMMODORE 2.00 X X 0 0 0 THERESA FARNSWORTH GOVERNOR 2.00 X 0 0 0 ANITA CARBONE GOVERNOR 2.00 X 0 0 0 ELIZABETH FINLEY GOVERNOR 2.00 X 0 0 0 TIMOTHY NUNNO GOVERNOR 2.00 X 0 0 0 LARRY JARNES GOVERNOR 2.00 X 0 0 0 ERIC STORY SECRETARY 2.00 X X 0 0 0 JUSTIN WRIGHT GENERAL MANAGER / COO 40.00 X 58211 0 0 JULIA PARR CFO 40.00 X 157501 0 12918 JAMES ROESCH TENNIS DIRECTOR 40.00 X 181160 0 13845 MARK ADAMS EXECUTIVE CHEF 40.00 X 140584 0 11254 DAWN CROOKS F&B DIRECTOR 40.00 X 124691 0 4486 TOM MALISZKO FORMER GENERAL MANAGER / COO 40.00 X 111456 0 3312 773603 0 45815 5 1 1 0 REYNOLDS GENERAL CONTRACTORS INC 445 MONTREAL AVE MELBOURNE FL 32935 CLUBHOUSE CONTRACTOR 2583749 SOUTHEAST FLOORING 2780 N HARBOR CITY BLVD MELBOURNE FL 32935 CLUBHOUSE FLOORING 414860 2 MEMBERSHIP DUES 713990 2632560 2632560 INITIATION FEES AND CAPITAL CONTR 713990 2051481 2051481 TENNIS AND FITNESS 713990 657774 657774 DOCKS 531190 210451 206991 3460 SUMMER YOUTH PROGRAM AND SAILING 611600 158162 138012 20150 5710428 67483 67483 438800 288633 150167 150167 150167 3185582 3232596 -47014 -41151 -5863 INSURANCE PROCEEDS 713990 83491 83491 MISCELLANEOUS 713990 70178 70178 153669 6034733 5949503 85230 0 1599102 71443 220073 181491 5394 80996 153634 11353 188896 811167 318863 FOOD & BEVERAGE EXPENSE 335991 ADMINISTRATIVE AND GENE 247614 UTILITIES 191338 FACILITIES 126611 179467 4723433 400 400 2731657 3264446 528504 751510 166801 248651 136163 224407 19132332 5569378 11037916 13562954 41535 173044 14642976 18225412 1037500 604301 2056599 4743693 194640 211881 3288739 5559875 X 11148006 12486663 206231 178874 11354237 12665537 14642976 18225412 1311300 0 X X 0 1 X 1 0 1445262 1445262 10878515 3419960 7458555 3275091 1029615 2245476 3533464 1119803 2413661 13562954 CONTRACT LIABILITY 11670 DEPOSITS 74364 OPERATING LEASE LIABILITY, CURRENT 33716 OPERATING LEASE LIABILITY, NON-CURRENT 92131 211881 X 8750396 2715663 2715663 6034733 0 6034733 7439096 2715663 2715663 4723433 0 4723433 PART X, LINE 2: UNDER SECTION 501 (C)(7) OF THE INTERNAL REVENUE CODE, THE CLUB IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM CERTAIN RESTAURANT SALES, DOCKAGE, TENNIS, AND INVESTMENT INCOME. THE CLUB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT HE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. AS OF DECEMBER 31, 2024 AND 2023, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,232,596. SERVICE CHARGE -516,933. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,232,596. SERVICE CHARGE -516,933. X X X 1 0 0 JAMES ROESCH TENNIS DIRECTOR 164148 0 10780 0 6232 0 5566 0 8279 0 195005 0 0 0 JULIA PARR CFO 133081 0 18095 0 6325 0 4862 0 8056 0 170419 0 0 0 MARK ADAMS EXECUTIVE CHEF 102427 0 16285 0 21872 0 4330 0 6924 0 151838 0 0 0 TOM MALISZKO FORMER GENERAL MANAGER / COO 108147 0 0 0 3309 0 1213 0 2099 0 114768 0 0 0 PART I, LINE 4A TOM MALISZKO RECIEVED SEVERANCE PAYMENTS TOTALING $56,307.67 WHICH CONCLUDED JUNE 27, 2024. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE CLUB OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: RESIDENT MEMBERS (1 VOTE PER MEMBERSHIP, NOT TO EXCEED 900 VOTING MEMBERSHIPS), HONORARY MEMBERS (1 VOTE IF PAYING DUES OF A RESIDENT MEMBER), AND LIFETIME MEMBERS (1 VOTE IF RESIDENT MEMBER PRIOR TO TRANSFER TO THIS CATEGORY). FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTORS DECISIONS SUBJECT TO MEMBERSHIP APPROVAL ARE CAPITAL PROJECTS IN EXCESS OF $100,000, DUES INCREASES ABOVE 3%, BORROWING IN EXCESS OF 10% OF DUES, ANY CAPITAL ASSESSMENT, A CAPITAL EXPENDITURE IN EXCESS OF 10% OF BUDGETED DUES, AND CHANGES TO BY-LAW SECTIONS 10.3 AND 10.5. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER, GENERAL MANAGER, AND CFO. COPIES ARE PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW, AND OTHER BOARD MEMBERS MAY REVIEW IF THEY DESIRE. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEE CONFLICTS ARE NOT PERMITTED. BOARD MEMBER CONFLICTS ARE PERMITTED WITHIN THE SCOPE AND BUDGET OR WORK APPROVED BY THE BOARD FOR CAPITAL PROJECTS AND THE GENERAL MANAGER FOR REGULAR MAINTENANCE AND OTHER OPERATING EXPENSES. WHEN A CONFLICT EXISTS, THE BOARD MEMBER IS NOT PERMITTED TO VOTE ON THE PROJECT AND MAY BE REMOVED FROM DISCUSSION WITHIN THE BOARD OR COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMMODORE REVIEWS KEY EMPLOYEE COMPENSATION WITH THE GM ON AN ANNUAL BASIS BASED ON THIRD PARTY SUPPLIED COMPENSATION DATA FOR THE CLUB INDUSTRY. THE COMMODORE AND VICE COMMODORE REVIEW COMPENSATION FOR THE GM ANNUALLY AND DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES ITS GOVERNING DOCUMENTS UPON REQUEST AND VIA THE CLUB WEBSITE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE VIA INSPECTION AT THE CLUB. THE CLUB MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH INSPECTION AT THE CLUB AND ON THE CLUB WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH INSPECTION AT THE CLUB. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR