2024-10-21T22:43:24-05:00 2023-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-01-01 940830750 ST FRANCIS YACHT CLUB STFR 4158203725 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 JIM BILDNER CHIEF FINANCIAL OFFICER 4158203725 2024-10-11 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2024-10-15 13:58:12Z LARRY SWIFT 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 30546011 0 X WWW.STYC.COM X 1927 CA TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 183 15 2060830 472398 68619 93176 8508596 8646014 213974 559855 8483698 8233679 17274887 17532724 0 0 0 0 8324301 9463368 0 0 0 7381023 7741704 15705324 17205072 1569563 327652 29839100 31041053 13405037 13819699 16434063 17221354 SERVE AS THE INSPIRATIONAL CENTER OF BOATING ACTIVITIES REGIONALLY AND A LEADER OF YACHTING INTERNATIONALLY. WE HONOR CAMARADERIE, SPORTSMANSHIP, TRADITION, AND THE MARITIME HERITAGE OF SAN FRANCISCO IN A PREMIER YACHTING ENVIRONMENT. 0 0 TAX-EXEMPT CLUB ACTIVITIES 0 1 0 0 0 0 0 0 1 1 1 0 1 1 0 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 88 0 1 183 1 1 1 0 0 0 0 1229351 1890777 0 0 0 X 15 15 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X ASIF EHSAN CONTROLLER 4158203725 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 X BEAU VROLYK COMMODORE 2.00 X X 0 0 0 CHRIS PERKINS VICE COMMODORE 2.00 X X 0 0 0 ADAM GAMBLE REAR COMMODORE 2.00 X X 0 0 0 GREGORY WETTERSTEN CHAIRMAN 2.00 X X 0 0 0 KEVIN KUHN SECRETARY 2.00 X X 0 0 0 BETSY WEILER ASSISTANT SECRETARY 2.00 X X 0 0 0 IAN CHARLES TREASURER 2.00 X X 0 0 0 CALE MILLER ASSISTANT TREASURER 2.00 X X 0 0 0 BRANDAN BRADLEY DIRECTOR 2.00 X 0 0 0 STEVE KAPP DIRECTOR 2.00 X 0 0 0 KIM MEEK DIRECTOR 2.00 X 0 0 0 ERIN O'GRADY DIRECTOR 2.00 X 0 0 0 DAMIR PRISKICH DIRECTOR 2.00 X 0 0 0 SUSAN RUHNE DIRECTOR 2.00 X 0 0 0 LARRY SWIFT DIRECTOR 2.00 X 0 0 0 JOHN MEAGHER GM/COO 40.00 X 511918 0 28708 MARC PASSETTI ASSISTANT GENERAL MANAGER 40.00 X 192577 0 47602 ASIF EHSAN CONTROLLER 40.00 X 249968 0 50350 AARON JOHNSON EXECUTIVE CHEF 40.00 X 193566 0 41043 ROSS SCHIVELEY TINSLEY ISLAND MANAGER 40.00 X 183011 0 30521 NOEL OMILA AGM-MEMBERSHIP 40.00 X 177832 0 38920 1508872 0 237144 9 0 1 0 JAMIESON MAE COMMUNICATIONS 250 SOUTH FOREST STREET DENVER CO 80246 DESIGN AND COMMUNICATIONS 207197 1 93176 93176 MEMBERSHIP DUES 900099 7416663 7416663 CAPITAL DUES 900099 703771 703771 INITIATION FEES 900099 525580 525580 8646014 270389 270389 11225858 7200 10942030 1562 283828 5638 289466 283828 5638 9795006 2069695 7725311 6218698 1506613 INSURANCE PROCEEDS 900099 508368 508368 508368 17532724 14864712 2060830 514006 540626 5916242 167601 2318519 520380 209876 56929 39507 399559 1265302 289602 1243313 34826 923022 648980 OTHER DEPT. OPERATIONS 1719608 FOOD & BEV. OPERATIONS 452266 CLUBHOUSE OPERATIONS 294592 UNRELATED BUS. INC. TAX 164322 17205072 1307455 1101261 1570924 1753397 358317 380241 315250 421258 31451316 24259189 7028032 7192127 9808956 10783306 9450166 9409463 29839100 31041053 2260107 2503584 832965 897591 10311965 10418524 13405037 13819699 X 15046039 15657304 1388024 1564050 16434063 17221354 29839100 31041053 327652 459639 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1296946 191773 1488719 1513938 -216992 1296946 1461730 202208 150000 1513938 1429357 32373 1461730 1293673 135684 1429357 0.83671 0.16329 0 0 173759 173759 22145580 17703955 4441625 4635942 3520234 1115708 4496035 3035000 1461035 7192127 OTHER 10783306 C 10783306 LEASE COSTS 777621 RIGHT-OF-USE ASSET - OPERATING LEASE 8631842 9409463 OPERATING LEASE PAYABLE 10418524 10418524 20022551 459639 2069695 2529334 17493217 39507 39507 17532724 19235260 2069695 2069695 17165565 39507 39507 17205072 PART V, LINE 4: THIS PERMANENT ENDOWMENT FUND IS TO BE HELD INDEFINITELY WITH THE INVESTMENT RETURN TEMPORARILY RESTRICTED TO BE USED FOR A SPECIFIC REGATTA. THE ORIGINAL PRINCIPAL OF THE ENDOWMENT FUND CAN ONLY BE USED UPON SPECIFIC INSTRUCTION OF THE DONOR OR THE DONOR'S AUTHORIZED REPRESENTATIVE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,069,695. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,069,695. X X 1 1 X X X 0 0 0 JOHN MEAGHER GM/COO 436918 0 75000 0 0 0 16500 0 12208 0 540626 0 0 0 ASIF EHSAN CONTROLLER 214968 0 35000 0 0 0 12948 0 37402 0 300318 0 0 0 MARC PASSETTI ASSISTANT GENERAL MANAGER 183577 0 9000 0 0 0 10200 0 37402 0 240179 0 0 0 AARON JOHNSON EXECUTIVE CHEF 170566 0 23000 0 0 0 9850 0 31193 0 234609 0 0 0 NOEL OMILA AGM-MEMBERSHIP 156832 0 21000 0 0 0 9053 0 29867 0 216752 0 0 0 ROSS SCHIVELEY TINSLEY ISLAND MANAGER 163011 0 20000 0 0 0 9263 0 21258 0 213532 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ST. FRANCIS YACHT CLUB IS A NON-EQUITY CLUB WHERE MEMBER HOLDS NO EQUITY. UPON TERMINATION OF MEMBERSHIP, MEMBER RECEIVES NO MONETARY BENEFITS OR EQUITY IN THE CLUB. BOARD OF DIRECTORS AND APPOINTED OFFICERS (MEMBERS OF THE CLUB) GOVERN THE CLUB. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE VOTING MEMBERS THROUGH ANNUAL ELECTIONS. AT LEAST THREE MEMBERS ARE ELECTED TO REPLACE THREE OUTGOING MEMBERS OF THE BOARD EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL ASSESSMENTS REQUIRES BYLAW CHANGE FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE TAKEN AND RECORDED FOR EACH MONTHLY BOARD MEETING AND ANY SPECIAL MEETINGS HELD BY THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE. ALL COMMITTEES ARE ADVISORY IN NATURE FOR THE BOARD OF DIRECTORS AND DO NOT HAVE DECISION MAKING AUTHORITY. ALL COMMITTEE CHAIRS/LIAISON REPORT TO THE BOARD OF DIRECTOR FOR DECISION MAKING. FORM 990, PART VI, SECTION B, LINE 11B ELECTRONIC COPY OF FORM 990 IS SHARED WITH BOARD OF DIRECTORS FOR THEIR REVIEW AND TO SOLICIT ANY QUESTIONS THEY MAY HAVE. TREASURER WHO IS AN APPOINTED OFFICER AND THE CFO OF THE CLUB REVIEWS AND SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY DOCUMENT IS SIGNED BY EACH BOARD MEMBER EVERY YEAR. THE CONFLICT, IF ANY, IS FULLY DISCLOSED TO THE BOARD MEMBERS IN THE ABSENCE OF CONFLICTED PARTY AND APPROVAL IS TAKEN IN CASE CLUB DECIDES TO AWARD ANY CONTRACT TO THE BOARD MEMBER OR OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION IS DETERMINED BY THE CHAIRMAN OF THE BOARD. OUTSIDE EXECUTIVE SEARCH FIRM IS HIRED TO FIND THE SUITABLE CANDIDATE FOR THE POSITION. THE FIRM PERFORMS MARKET RESEARCH FOR COMPENSATION AND REPORT IT TO THE HIRING COMMITTEE. ALL OTHER EMPLOYEES COMPENSATION IS DETERMINED BY THE GENERAL MANAGER/COO OF THE CLUB. COMPENSATION DATA IS NORMALLY PROVIDED BY THE EXECUTIVE SEARCH FIRM THE CLUB HIRES TO FIND SUITABLE CANDIDATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES AVAILABLE TO THE PUBLIC.