2025-10-28T18:13:51-05:00 2024-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2024-01-01 952556393 BAHIA CORINTHIAN YACHT CLUB BAHI 9496449530 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 GARY GRANBERY TREASURER 9496449530 2025-10-28 1 0 MARK J HENNELLY P00982999 8186375000 2024 2025-03-06 01:10:19Z 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 5390385 0 X WWW.BCYC.ORG X 1958 CA PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. 11 11 108 0 90972 95016 0 0 2781934 3041195 115145 84863 194230 -32832 3091309 3093226 0 0 0 0 931061 1215137 0 0 0 2018412 1915119 2949473 3130256 141836 -37030 8280770 7973561 2729689 2459510 5551081 5514051 PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. 0 0 PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED 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 34 0 108 1 1 1 0 0 0 1 1 63996 957395 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BAHIA CORINTHIAN YACHT CLUB 9496449530 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 CLEVE SPROULE COMMODORE 10.00 X X 0 0 0 MICHAEL MEANS VICE COMMODORE 8.00 X X 0 0 0 GEORGE HAMPTON REAR COMMODORE 6.00 X X 0 0 0 BOB SACHS SECRETARY 2.00 X X 0 0 0 ARTESHA HARVEY DIRECTOR 2.00 X 0 0 0 DEREK JOHANSSON DIRECTOR 2.00 X 0 0 0 BILL LONG DIRECTOR 2.00 X 0 0 0 LAURI MOFFETT DIRECTOR 2.00 X 0 0 0 LYNN NOAH DIRECTOR 2.00 X 0 0 0 RHONDA TOLAR DIRECTOR 2.00 X 0 0 0 ROLF ROLNICKI DIRECTOR 2.00 X 0 0 0 GARY GRANBERY TREASURER 8.00 X 0 0 0 SCOTT JONES GENERAL MANAGER 40.00 X 254335 0 16584 GEORGES REPICUALT EXECUTIVE CHEF 40.00 X 141602 0 12214 395937 0 28798 2 0 1 0 0 SAILING ACTIVITIES 713910 1599271 1591979 7292 MBRSHP DUES & CONTRIB. 713910 1347656 1347656 INITIATION &TRANSFER FEES 713910 63996 63996 OTHER INCOME 713910 26510 26510 ADVERTISING 541800 3762 267 3495 3041195 84863 84863 42046 21023 21023 21023 21023 2222281 2276136 -53855 -28154 -25701 3093226 3002254 90972 0 X 261755 758848 11282 105700 77552 36454 201364 110490 A&G OPERATING EXPENSES 297105 SAILING ACTIVITY OPERAT 278744 REPAIRS & MAINTENANCE 140291 TIDELANDS 129653 721018 3130256 836068 425600 1461704 1513601 181240 196348 80496 77877 41644 98913 11994791 7347043 4549588 4647748 1130030 1013474 8280770 7973561 439892 473610 1008588 806806 1281209 1179094 2729689 2459510 X 5123453 5263005 427628 251046 5551081 5514051 8280770 7973561 -37030 0 X 0 1 X 1 0 1033544 1033544 4401551 2930608 1470943 3607955 3035087 572868 2951741 1381348 1570393 4647748 OTHER ASSETS 2467 ROU ASSETS 1011007 1013474 DEPOSITS 178891 ROU OPERATING AND FINANCE LEASES 1000203 1179094 X 5390385 2297159 2297159 3093226 0 3093226 5427415 2297159 2297159 3130256 0 3130256 PART X, LINE 2: THE CLUB HAS BEEN GRANTED EXEMPTION FROM FEDERAL AND STATE OF CALIFORNIA INCOME TAXES AS A NONPROFIT ORGANIZATION UNDER THE INTERNAL REVENUE CODE 501(C)(7) AND SECTION 23701G OF THE CALIFORNIA REVENUE AND TAXATION CODE. HOWEVER, THE TAX REFORM ACT OF 1969 PROVIDES FOR THE ASSESSMENT OF TAXES ON WHAT IS TERMED "UNRELATED BUSINESS INCOME." THIS IS GENERALLY DEFINED AS INTEREST, AND RENTAL INCOME, INCLUDING RENTAL REVENUE FROM THE CELL TOWER, AND NONMEMBER INCOME FROM SOURCES SUCH AS FOOD, BEVERAGE, AND YACHTING REVENUES. THE CLUB'S POLICY IS TO RECOGNIZE TAX POSITIONS IN THE FINANCIAL STATEMENTS 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) AND FOUR (4) YEARS ARE OPEN FOR AUDIT BY FEDERAL AND STATE TAX AGENCIES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,276,136. RENTAL EXPENSE 21,023. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,276,136. RENTAL EXPENSE 21,023. X 0 0 0 SCOTT JONES GENERAL MANAGER 211954 0 42381 0 0 0 6061 0 10523 0 270919 0 0 0 GEORGES REPICUALT EXECUTIVE CHEF 124275 0 1349 0 15978 0 3820 0 8394 0 153816 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - BAHIA CORINTHIAN YACHT CLUB IS A PRIVATE EQUITY CLUB. THE MEMBERS ARE OWNERS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE CLUB IS GOVERNED BY AN ELEVEN PERSON BOARD THE BOARD MEMBERS ROTATE ANNUALLY ON AVERAGE THREE NEW DIRECTORS ARE VOTED IN EACH YEAR AND THREE MEMBERS END THEIR TERM ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS SUCH AS BYLAW AMENDMENTS, BOARD MEMBER ELECTIONS, AND MAJOR FINANCIAL COMMITMENTS ARE RESERVED FOR MEMBERS TO ENSURE THEIR INTERESTS ARE REPRESENTED. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE RETURNS ARE REVIEWED BY THE TREASURER AND THE TREASURER REPORTS TO THE BOARD ON THE REVIEW PRIOR TO SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 11B 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 12C THE GENERAL MANAGER AND THE BOARD OF DIRECTORS MONITORS AND REVIEWS ON A CONTINUOUS BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY EMPLOYEES ARE REVIEWED BY THE GENERAL MANAGER AND EXECUTIVE COMMITTEE. THE COMMORDORE OF THE CLUB GIVES THE ANNUAL REVIEW TO THE GENERAL MANAGER. THE EXECUTIVE COMMITTEE REVIEWS ALL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E PROPERTY TAX 117,318. F&B OPERATING EXPENSE 113,087. MEMBERSHIP EXPENSE 112,759. ENTERTAINMENT 80,188. SUPPLIES 71,376. PROFESSIONAL FEES 68,742. LAUNDRY 66,864. POSTAGE AND SHIPPING 44,278. OUTSIDE SERVICES 14,456. UTILITIES 12,940. PRINTING AND PUBLICATIONS 12,940. MISCELLANEOUS 5,000. MASTERHEAD EXPENSE 1,070.