2024-11-12T09:18:50-06:00 2023-12-31 721396621 CARR RIGGS & INGRAM LLC 7506 LYNX WAY SUITE 201 MELBOURNE FL 32940 990 2023-01-01 590932703 EAU GALLIE YACHT CLUB INC EAUG 3217732600 100 DATURA DRIVE INDIAN HARBOUR BEACH FL 32937 STEVE A YOUNG VICE-COMMODORE 3217732600 2024-11-10 1 0 MICHAEL S CEROW CPA P00059837 3212550088 2024-11-06 2023 2024-10-15 13:58:12Z JULIA PARR 100 DATURA DRIVE INDIAN HARBOUR BEACH FL 32937 7470909 0 X WWW.EGYACHTCLUB.COM X 1907 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 137 0 171407 55912 0 0 4670056 4929548 -20505 -520395 2319216 1595697 6968767 6004850 0 0 0 0 4418500 4004766 0 0 0 2137640 1938213 6556140 5942979 412627 61871 12234497 14642976 942131 3288739 11292366 11354237 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 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 0 1 56 0 1 137 1 1 1 0 0 0 1 1 968600 155614 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 LORRAINE TOTTY COMMODORE 5.00 X X 0 0 0 STEVE YOUNG TREASURER/REAR COMMODORE - PART YEAR 2.00 X X 0 0 0 DAVID PANICOLA TREASURER/REAR COMMODORE - PART YEAR 2.00 X X 0 0 0 JOSEPH HARRIS VICE COMMODORE 2.00 X X 0 0 0 THERESA FARNSWORTH GOVERNOR 2.00 X 0 0 0 PAUL DUPRE GOVERNOR 2.00 X 0 0 0 ANITA CARBONE GOVERNOR 2.00 X 0 0 0 EUGENE MCCARTHY GOVERNOR 2.00 X 0 0 0 TIMOTHY NUNNO GOVERNOR 2.00 X 0 0 0 ELIZABETH FINDLEY SECRETARY 2.00 X X 0 0 0 JULIA PARR CFO 40.00 X 154556 0 23834 TOM MALISZKO GENERAL MANAGER/COO 40.00 X 232078 0 42894 JAMES ROESCH TENNIS DIRECTOR 40.00 X 182323 0 24721 MARK ADAMS EXECUTIVE CHEF 40.00 X 136635 0 23313 DAWN CROOKS F & B DIRECTOR 40.00 X 121743 0 13249 827335 0 128011 5 0 1 0 REYNOLDS GENERAL CONTRACTORS INC 445 MONTREAL AVE MELBOURNE FL 32935 CLUBHOUSE CONTRACTOR 3989421 TENTLOGIX 19100 SW WARFIELD BLVD INDIANTOWN FL 34956 TENT INSTALLATION & RENTAL 131611 2 MEMBERSHIP DUES 713990 2929647 2929647 INITIATION FEES 713990 968600 968600 TENNIS AND FITNESS 713990 660195 660195 DOCKS 531190 231031 224966 6065 SUMMER YOUTH PROGRAM AND SAILING 611600 140075 105035 35040 4929548 55370 55370 3756 579521 -575765 -575765 -575765 2457858 886538 1571320 1496388 74932 INSURANCE PROCEEDS 713990 24377 24377 24377 6004850 6409208 171407 -575765 453363 2830678 48232 403345 269148 19844 6650 289 2162 70986 69412 483180 12686 20431 507178 191662 RESTAURANT EXPENSES 182381 CLUBHOUSE EXPENSES 178814 TENNIS EXPENSES 43051 INSURANCE CLAIM LOSSES 27620 121867 5942979 450 400 4404785 2731657 705409 528504 222347 166801 190947 136163 16166084 5128168 6692018 11037916 18541 41535 12234497 14642976 747488 1037500 2056599 194643 194640 942131 3288739 X 10961947 11148006 330419 206231 11292366 11354237 12234497 14642976 61871 0 X X 1 X 0 1 0 6571403 6571403 4954720 2648200 2306520 1938661 1036176 902485 2701300 1443792 1257508 11037916 BANQUET DEPOSITS 8550 DUES, FEES, AND CHARGES COLLECTED 1226 HOUSE DUES 4242 CONTRACT LIABILITIES 10040 APPLICATION DEPOSITS 170582 194640 X 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 THE 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, 2023 AND 2022, 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 YEARS PRIOR TO 2020. X X 0 0 0 TOM MALISZKO GENERAL MANAGER/COO 207078 0 25000 0 0 0 6126 0 36768 0 274972 0 0 0 JAMES ROESCH TENNIS DIRECTOR 173748 0 8575 0 0 0 5477 0 19244 0 207044 0 0 0 JULIA PARR CFO 137356 0 17200 0 0 0 4590 0 19244 0 178390 0 0 0 MARK ADAMS EXECUTIVE CHEF 123745 0 12890 0 0 0 4069 0 19244 0 159948 0 0 0 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 10% OF THE THEN CURRENT ANNUAL BUDGETED DUES, DUES INCREASES ABOVE 3%, ANY QUALIFIED INDEBTEDNESS, AND LEVYING OF ANY CAPITAL ASSESSMENT. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD DELGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER, GENERAL MANAGER, AND CFO. 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 OF 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 POSITIONS ARE COMPENSATED BASED ON THIRD PARTY SUPPLIED COMPENSATION DATA FOR THE CLUB INDUSTRY. GM REVIEW IS CONDUCTED BY THE COMMODORE WITH ADVISEMENT FROM THE BOARD. 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.