2026-02-16T13:10:43-06:00 2025-03-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2024-04-01 590798689 KEY BISCAYNE YACHT CLUB INC KEYB 3053619171 180 HARBOR DR KEY BISCAYNE FL 331491304 JOHN HALULA TREASURER 3053619171 2026-02-06 1 0 KYLE RAKOVITCH P02463285 5616971785 2026-02-06 2024 2025-03-06 01:10:19Z LUIS FELIPE PORRO 180 HARBOR DR KEY BISCAYNE FL 331491304 14813329 0 X WWW.KBYC.ORG X 1955 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 18 18 215 60 1468829 320762 0 417027 5369775 6620890 175161 279599 6726950 4498892 12271886 11816408 0 0 0 0 6001611 6373048 0 0 0 6455709 7211094 12457320 13584142 -185434 -1767734 33171998 34583467 16535316 16323031 16636682 18260436 KEY BISCAYNE YACHT CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES RESTAURANT AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. 0 0 0 0 0 0 0 0 0 1 1 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 59 0 1 215 1 1 1 0 0 0 1 1 0 1591383 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X SOREN SPIERS 3053619171 180 HARBOR DR KEY BISCAYNE FL 331491304 CRISTINA CIURO REAR COMMODORE 1.00 X X 0 0 0 LUIS FELIPE PORRO VICE COMMODORE 1.00 X X 0 0 0 JOHN F HALULA TREASURER 1.00 X X 0 0 0 MATT S PATTULLO SECRETARY 1.00 X X 0 0 0 EDUARDO L HERNANDEZ COMMODORE 1.00 X X 0 0 0 KRISTEN CONNELL GOVERNOR 1.00 X 0 0 0 JOE COOTE GOVERNOR 1.00 X 0 0 0 ENRIQUE FALLA GOVERNOR 1.00 X 0 0 0 YVY GARCIA GOVERNOR 1.00 X 0 0 0 RICHARD M GOLDSTEIN GOVERNOR 1.00 X 0 0 0 BRETT MOSS GOVERNOR 1.00 X 0 0 0 CLAIRE MUELLER GOVERNOR 1.00 X 0 0 0 JESSICA PORTELA GOVERNOR 1.00 X 0 0 0 JAVIER J RODRIGUEZ PAST COMMODORE 1.00 X 0 0 0 PABLO SANCHIS GOVERNOR 1.00 X 0 0 0 JAMIE MCCAUGHAN TOMPKINS GOVERNOR 1.00 X 0 0 0 ALEXANDRE FERNAND ULVERT GOVERNOR 1.00 X 0 0 0 KENNETH TAYLOR WHITE GOVERNOR 1.00 X 0 0 0 THOMAS KASSNER GENERAL MANAGER / COO 40.00 X 334808 0 19963 AMERILY CLEMENTE-FALCON CONTROLLER 40.00 X 150830 0 6209 MATTHEW MEDRANO EXECUTIVE CHIEF 40.00 X 148934 0 16386 BRANDON COLLURA MARINA & FACILITIES DIR. 40.00 X 139426 0 12856 DIANA RODRIGUEZ MEMBERSHIP DIRECTOR 40.00 X 104077 0 7099 878075 0 62513 5 0 1 0 SERVICE KEEPERS 7541 NE 3RD PL STE 101 MIAMI FL 33138 HOUSEKEEPING SERVICES 226859 ALLIED UNIVERSAL PO BOX 828854 PHILADEPHIA PA 19182 SECURITY GUARDS 209338 2 417027 417027 MEMBERSHIP DUES 713910 5807020 5807020 SAILING PROGRAM 713910 665132 145053 520079 TENNIS 713910 67999 67599 400 MARINE 713910 51098 51098 YOUTH ACTIVITY 713910 26393 24716 1677 3248 1675 1573 6620890 338181 338181 58582 -58582 -58582 -58582 7275880 2938339 4337541 3730622 606919 OTHER NON-OPERATING REVENUES 713910 95000 95000 MISCELLANEOUS 713910 66351 66351 161351 11816408 9989134 1468829 -58582 X 5293999 97334 981715 1456594 PROP TAXES, INSURANCE 1423174 CLUB 1266261 INTEREST EXPENSE 760409 FOOD & BEVERAGE 651434 1653222 13584142 666402 1611301 1228645 1948686 194356 194130 230124 184376 28411566 9189961 20218322 19221605 9379999 10262659 1254150 1160710 33171998 34583467 1129734 1376992 15196656 14688832 208926 257207 16535316 16323031 X 16636682 18260436 16636682 18260436 33171998 34583467 X -1767734 249818 3141670 X X 0 1 X 1 0 2345566 2345566 15303089 2061333 13241756 4361041 2863982 1497059 6401870 4264646 2137224 19221605 U.S. TREASURY SECURITIES 10262659 C 10262659 DUES AND FEES COLLECTED IN ADVANCE 142691 OPERATING LEASE LIABILITY 114516 257207 X 15004565 249818 2938339 3188157 11816408 0 11816408 16522481 2938339 2938339 13584142 0 13584142 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,938,339. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 2,938,339. X 1 1 X X 0 0 0 THOMAS KASSNER GENERAL MANAGER / COO 319808 0 15000 0 0 0 0 0 19963 0 354771 0 0 0 MATTHEW MEDRANO EXECUTIVE CHIEF 148934 0 0 0 0 0 6000 0 10386 0 165320 0 0 0 AMERILY CLEMENTE-FALCON CONTROLLER 150830 0 0 0 0 0 6100 0 109 0 157039 0 0 0 BRANDON COLLURA MARINA & FACILITIES DIR. 139426 0 0 0 0 0 0 0 12856 0 152282 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THERE ARE TWO MEMBERSHIP CATEGORIES: REGULAR MEMBERSHIP AND EQUITY MEMBERSHIP. ONLY REGULAR MEMBERS PARTICIPATE IN THE ELECTION OF OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ALL BYLAW CHANGES, DUES INCREASES AND ASSESSMENTS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CONTROLLER AND TREASURER WHO REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF THE KEY BISCAYNE YACHT CLUB IS DESIGNED TO ASSURE APPROPRIATE DISCLOSURE AND APPROVAL FOR TRANSACTIONS IN WHICH A GOVERNOR; FLAG OFFICER OR KEY EMPLOYEE (THOSE EMPLOYEES THAT HAVE OR SHARE ORGANIZATION-WIDE CONTROL OR INFLUENCE SIMILAR TO THAT OF A FLAG OFFICER OR GOVERNOR) MAY HAVE AN APPARENT OR POTENTIAL CONFLICT OF INTEREST. THE POLICY IS INTENDED TO PROVIDE A PROCEDURE FOR THE DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT MAY ARISE AS A RESULT OF SUCH ACTIVITIES AND TO PROVIDE AN APPROPRIATE MEANS OF ADDRESSING THEM. THE MONITORING OF THE CONFLICT OF INTEREST POLICY IS CONDUCTED BY THE CLUB'S ATTORNEY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES COMPENSATION FOR THE GENERAL MANAGER. THIS PROCESS INCLUDES THE USE OF COMPARABILITY DATA FOR SIMILAR QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR CLUBS. THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS ARE DOCUMENTED AS WELL. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON CLUB'S WEBSITE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST AND BY INSPECTION AT CLUB. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY INSPECTION AT CLUB. FORM 990, PART IX, LINE 24E ADMINISTRATIVE & GENERAL 480,787. ENTERTAINMENT & HOSPITALITY 306,901. OTHER NON-OPERATING EXPENSES 236,444. SAILING PROGRAM 215,226. DOCKS 109,979. MARINA 106,889. INTEREST RATE SWAP AGREEMENT 88,582. YOUTH ACTIVITY 39,384. POOL 33,027. STORE 17,869. BANK CHARGES 10,532. TENNIS 7,602. FORM 990, PART XI, LINE 9: ISSUANCE OF MEMBERSHIP CERTIFICATES 154,200. REDEMPTION OF MEMBERSHIP CERTIFICATES -130,000. INITIATION FEES 1,962,119. CAPITAL EXPENDITURE ASSESSMENT 1,155,351. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR