2024-01-16T14:52:32-06:00 2023-05-31 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2022-06-01 952423279 BEACON BAY COMMUNITY ASSOCIATION C/O BOYD MANAGEMENT BEAC 9492158485 25422 TRABUCO RD 105337 LAKE FOREST CA 92630 MICHELE HOWLAND PRESIDENT 9492158485 2024-01-11 MICHELE HOWLAND 999009999 0 ROBERT A OWENS CPA P01414999 9498515020 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHELE HOWLAND 25422 TRABUCO RD 105337 LAKE FOREST CA 92630 335433 0 X N/A X 1964 CA SEE BELOW 7 7 0 0 0 0 237600 237600 88000 88000 529 4468 1733 5365 327862 335433 0 0 0 0 0 0 0 0 0 148407 190842 148407 190842 179455 144591 792020 976292 97829 137510 694191 838782 BEACON BAY COMMUNITY ASSOCIATION WAS FORMED FOR THE PURPOSE OF PROVIDING COMMUNITY SERVICES, FOR THE GENERAL USE, BENEFIT, AND WELFARE OF THE RESIDENTS OF THE ASSOCIATION. 0 0 149406 THE ASSOCIATION MAINTAINS RECREATIONAL AND COMMUNITY SERVICES INCLUDING A PARK WITH BASKETBALL AND TENNIS COURTS, DOCKS, AND FENCES/GATES. 149406 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 X 7 7 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X BOYD MANAGEMENT 9492158485 25422 TRABUCO RD 105-337 LAKE FOREST CA 92630 X MICHELE HOWLAND PRESIDENT 2.00 X 0 0 0 ALLEN CASHION VP 2.00 X 0 0 0 KEN CRUME SECRETARY 2.00 X 0 0 0 MIKE TODD TREASURER 2.00 X 0 0 0 ANTHONY CURCI MEMBER @ LRG 2.00 X 0 0 0 MITCHELL FUERST MEMBER @ LRG 2.00 X 0 0 0 STEVE DOWD MEMBER @ LRG 2.00 X 0 0 0 0 0 0 0 0 0 0 0 237600 237600 DOCK FEES 531390 88000 88000 88000 4468 4468 MISCELLANEOUS 531390 5365 5365 5365 335433 97833 0 0 X 15000 15000 1866 1866 2048 2048 7890 7890 LANDSCAPE MAINTENANCE 59968 59968 DOCKS/SLIPS 25026 25026 WATER 16511 16511 GENERAL MAINTENANCE 12642 12642 49891 35259 14632 190842 149406 41436 0 110266 101368 665323 860889 12275 10000 4156 4035 184702 184702 0 0 792020 976292 6376 11449 47000 71125 44453 54936 97829 137510 X 24701 -26107 0 0 669490 864889 694191 838782 792020 976292 144591 0 X 0 1 X 0 0 184702 184702 0 0 CONSTRUCTION DEPOSITS 54603 INCOME TAXES PAYABLE 333 54936 194097 0 194097 141336 141336 335433 188448 0 188448 2394 2394 190842 PART XI, LINE 4B - OTHER ADJUSTMENTS: RESERVE REVENUE DEFERRED ON AUDIT PER FASB 606 BAD DEBT EXPENSE SHOWN AS CONTRA REVENUE ON AUDIT PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT SHOWN AS CONTRA REVENUE ON AUDIT FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION USES THE SERVICES OF BOYD MANAGEMENT TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILL PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET. FORM 990, PART VI, SECTION A, LINE 6 UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WHICH REQUIRES A QUORUM OF 50% OF THE 72 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 YEAR TERM AND COME UP FOR ELECTION IN ALTERNATING CYCLES. FORM 990, PART VI, SECTION A, LINE 7B DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING, THE TAX RETURNS ARE DELIVERED TO THE BOARD OF DIRECTORS FOR APPROVAL. UPON APPROVAL, A BOARD REPRESENTATIVE SIGNS THE RETURNS AND MAILS THEM TO THE TAX AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE GOVERNING DOCUMENTS THROUGH ESCROW. THE CONFLICT OF INTEREST POLICY AND MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS BY REQUEST. ANNUAL AUDITED FINANCIAL STATEMENTS ARE MAILED TO THE MEMBERSHIP IN COMPLIANCE WITH CALIFORNIA CIVIL CODE REQUIREMENTS. FORM 990, PART IX, LINE 24E ADMINISTRATIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,705. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,705. LIGHTING AND ELECTRICAL: PROGRAM SERVICE EXPENSES 10,177. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,177. SAND REPLENISH: PROGRAM SERVICE EXPENSES 9,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,950. BEACH AND DREDGING: PROGRAM SERVICE EXPENSES 7,974. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,974. ELECTRICITY: PROGRAM SERVICE EXPENSES 2,680. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,680. BAD DEBT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,394. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,394. STREET SWEEPING: PROGRAM SERVICE EXPENSES 2,040. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,040. RUBBISH COLLECTION: PROGRAM SERVICE EXPENSES 1,339. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,339. RESERVE STUDY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,200. PARK: PROGRAM SERVICE EXPENSES 1,099. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,099. STATE TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 333. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 333.