2026-03-02T15:48:16+00:00 2025-06-30 580692043 Mauldin & Jenkins LLC 1401 Manatee Avenue West Suite 1200 Bradenton FL 34205 990 2024-07-01 590595395 Bradenton Yacht Club Inc BRAD 9417225936 4307 Snead Island Road Palmetto FL 34221 Kyle Grimes Commodore 9417225936 2026-03-02 true true Brian Carter P00536712 9417474483 2026-01-30 2024 2025-03-06 01:10:19Z Kyle Grimes 4307 Snead Island Road Palmetto FL 34221 5878459 false X WWW.BRADENTONYACHTCLUB.COM X 1968 FL A member-owned, private yacht club which provides boating, recreation and social activities for members, as well as outreach to the broader, non-member boating community. 16 16 79 100 320078 79377 0 0 4522245 5138895 72892 41782 100353 83572 4695490 5264249 0 0 0 0 2002823 2260375 0 0 0 2327158 2584082 4329981 4844457 365509 419792 5254648 5766543 1095878 1187981 4158770 4578562 The Bradenton Yacht Club is a member-owed, private yacht club which serves its member families by providing boating, recreation and social activities, and maintains an extensive club campus and marina for the membership to enjoy club activities and to connect with other members who are inclined to the boating lifestyle. In addition, BYC reaches out to the broader, non-member boating communities by sponsoring youth sailing, fishing tournaments, regattas and boat parades. BYC is also a founding member of the Florida Council of Yacht Clubs which provides reciprocity between our club and the other member-owned yacht clubs in the FCYC. false false 2718116 1612430 Restaurant and Bar - the Bradenton Yacht Club provides dining and bar facilities to its members for regular use. 1908721 2973861 Operation of a membership yacht club. 217620 396475 Yacht Basin- The Bradenton Yacht Club provides boat slips and storage space for the use of members of the club. 4844457 false false false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 30 0 true 79 true true true false false false false false false 331849 239701 false false false X 16 16 false false false false false true true true true false false false true true true true true true true true false false X X Alice McCann Controller 9417225936 4307 Snead Island Road Palmetto FL 34221 Bob Murphy Rear Commodore 2.7 X X 0 0 0 Brian Moore Treasurer 3.0 X X 0 0 0 Howie Stein Commodore 3.0 X X 2448 0 0 Jann Knighton Secretary 2.5 X X 0 0 0 Kyle Grimes Vice Commodore 2.7 X X 1224 0 0 Ali Breslav Goldberg Director 2.3 X 0 0 0 Bobby Smith Most Recent Past Commodore 2.3 X 0 0 0 Caitlin Coyle-Hausinger Director 2.3 X 0 0 0 Diane Sullo Director 2.3 X 0 0 0 Frank Albano Director 2.3 X 0 0 0 Jason Joule Fleet Captain Sport Fishing 2.3 X 0 0 0 Jeanne Reeves Director 2.3 X 0 0 0 John Broshears Fleet Captain Sail 2.3 X 0 0 0 Patricia Baker Director 2.3 X 0 0 0 Spencer Heintz Director 2.3 X 0 0 0 Steve Hatley Fleet Captain Power 2.3 X 0 0 0 Alice McCann Controller 40.0 X 124614 0 11345 George Gordon General Manager 40.0 X 172763 0 13796 301049 0 25141 2 false true false 0 0 MEMBERSHIP DUES & ASSE 713910 2890289 2890289 RESTAURANT AND BAR 722511 1852131 1612430 239701 BASIN RENTAL 532000 396475 396475 0 0 0 0 5138895 80377 80377 0 0 38595 0 -38595 -38595 -38595 626141 575615 50526 50526 OTHER REVENUE 713910 33046 33046 0 0 0 0 33046 5264249 4982766 320078 -38595 354729 1541038 35434 148160 181014 37145 48080 69474 563160 1761 6575 320846 243477 Food and Bar Expense 884145 Supplies 180424 Membership 106230 Entertainment 65710 57055 4844457 142275 424869 1334012 1394290 304318 183265 0 0 0 0 99575 102127 104639 191625 6931976 3461609 3269829 3470367 0 0 0 0 5254648 5766543 230363 286006 865515 901975 0 0 0 0 1095878 1187981 X 4158770 4578562 4158770 4578562 5254648 5766543 419792 0 0 0 0 0 X X false true true false 64704 64704 4365099 2402698 1962401 2502173 1058911 1443262 3470367 0 X 5839864 0 0 5839864 -575615 -575615 5264249 5420072 575615 575615 4844457 0 0 4844457 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The club is exempt from income taxes under Internal Revenue Code Section 501(c)(7) of the U.S. Internal Revenue Code and has been determined by the Internal Revenue Service not to be a private foundation under Section 509(a) of the Code. The club recognizes the financial statement effects from a tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the club and various positions related to the potential sources of Unrelated Business Income Tax (UBIT). The assessment of the technical merits of a tax position is a matter of judgment. The club believes that all its tax positions are more likely than not to be sustained upon examination. The Club files its Form 990 in the U.S. Federal and Florida jurisdictions. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Cost of goods sold - -575615 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of goods sold - 575615 X false false false George Gordon General Manager 157663 0 15100 0 0 0 7629 0 6167 0 186559 0 0 0 Form 990, Part VI, Line 7a Members or stockholders electing members of governing body A nominating committee recommends board positions, but nominations are also accepted from membership during the voting process. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Any expense greater than $50,000 requires membership approval except if approved in the operating/capital budget. Form 990, Part VI, Line 11b Review of form 990 by governing body It is the responsibility of the Bradenton Yacht Club Treasurer and Finance Committee to review the Form 990 in detail after it is prepared by the Club's outside auditors and before it is filed each year. This review should include determining that the transactions reported represent fairly the club's financial activity for the reporting period and that all other disclosures appear to be reasonable and complete. Once this review is complete and approved, the Finance Committee will recommend to the Board that the return be filed, as prepared and reviewed, by the required due date. The Treasurer should present the Finance Committee's recommendations regarding the Form 990 to the full Board and give them the opportunity to review a copy of the form before it is filed. The Board should have the final vote to accept the return, as prepared, for filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Individuals and members acting on behalf of the Bradenton Yacht Club are obligated to avoid and/or disclose ethical, legal, financial, or other conflicts of interest involving the club, and remove themselves from a position of decision-making authority with respect to any conflict situation involving the club. Employees and board members are required to fill out a conflict of interest questionnaire and update it on an annual basis. Form 990, Part VI, Line 15a Process to establish compensation of top management official It is the responsibility of the Bradenton Yacht Club Executive Committee for setting the compensation package for the Club General Manager as part of negotiating his or her employment contract with approval by the Board of Directors. The process for evaluating the Club Manager's compensation involves the Executive Committee's researching and considering the following factors: 1. If new to the job, prior experience, qualifications and job references for the Club Manager prior to coming to BYC. 2. Existing manager-his/her performance measured against the agreed upon goals for the past year. 3. Treasurer's research of compensation packages offered to other club managers through the annual FCYC report or by consulting Form 990s to ensure that the Club Manager's compensation is comparable with other similar clubs, considering club size and metro area. 4. The club's size and annual budget. The Treasurer will report his/her findings to the Executive Committee annually. The Executive Committee will then consider adjustments or modifications before approving Club Manager's contract. Form 990, Part VI, Line 15b Process to establish compensation of other employees It is the responsibility of the Club General Manager for recommending the compensation package for all key management personnel reporting to him/her, subject to the review and approval of the Board of Directors. The Club Manager will annually conduct a review of other management team salaries in relation to other clubs and share his/her findings with the Board of Directors prior to completion of the annual performance review of each key management staff member. Form 990, Part VI, Line 19 Required documents available to the public All required disclosures are made available upon request or at guidestar.org. Form 990, Part XII, Line 2c Change of oversight process or selection process THE FINANCE COMMITTEE REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS PRIOR TO THEIR ISSUANCE. THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR.