2024-05-13T08:16:37-05:00 2023-12-31 590602635 SMOAK DAVIS & NIXON LLP 5011 GATE PARKWAY BLDG 100 STE 300 JACKSONVILLE FL 322560562 990 2023-01-01 590248800 THE FLORIDA YACHT CLUB INC FLOR 9043871653 5210 YACHT CLUB ROAD JACKSONVILLE FL 32210 MARGARET BARNETT EMMET COMMODORE 9043871653 2024-05-02 1 MARGARET BARNETT EMMET 999009999 0 LORI GRAHAM P01216275 9043965831 2024-05-02 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARGARET BARNETT EMMET 5210 FLORIDA YACHT ROAD JACKSONVILLE FL 32210 7942105 0 X WWW.THEFLORIDAYACHTCLUB.ORG X 1879 FL TO BIND IT'S MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. THE FLORIDA YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATION ACTIVITIES. 14 14 180 14 482387 16466 0 0 5790794 5817901 -166115 -161280 1786567 1448161 7411246 7104782 0 0 0 0 3754456 3796257 0 0 0 2768170 2801236 6522626 6597493 888620 507289 10325213 15449391 3106722 7723611 7218491 7725780 THE FLORIDA YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATION ACTIVITIES. 0 0 THE CLUB PROVIDED RESTAURANT, TENNIS, AND AQUATIC FACILITIES FOR ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 17 0 1 180 1 1 1 0 0 0 0 1639881 482387 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 X SHARON MILLER 9043871653 5210 YACHT CLUB ROAD JACKSONVILLE FL 32210 LOUIS BALLENTYNE TENNIS DIRECTOR 45.00 X 257247 0 3166 CAROL EDELL GENERAL MANAGER 45.00 X 187537 0 2136 STEPHEN BECHAN EXECUTIVE CHEF 45.00 X 132472 0 1300 SHARON MILLER CONTROLLER 45.00 X 106696 0 1274 MARGARET BARNETT EMMET COMMODORE 2.00 X X 0 0 0 CHRISTIAN P GEORGE VICE COMMODORE 2.00 X X 0 0 0 L ALLEN MCDONOUGH JR REAR COMMODORE 2.00 X X 0 0 0 WILLIAM DERR TREASURER 2.00 X X 0 0 0 HERSCHEL VINYARD SECRETARY 2.00 X X 0 0 0 STEPHEN BUSEY DIRECTOR 2.00 X 0 0 0 KIMBERLY COLLINS DIRECTOR 2.00 X 0 0 0 JAMES RACINE DIRECTOR 2.00 X 0 0 0 HARRISON FRAZIER DIRECTOR 2.00 X 0 0 0 JASON RICHARDS DIRECTOR 2.00 X 0 0 0 MATTHEW KENYON DIRECTOR 2.00 X 0 0 0 W DAVID HAWKINS DIRECTOR 2.00 X 0 0 0 C STEWART GREEN DIRECTOR 2.00 X 0 0 0 BERNARD RUSSELL BROCKMAN DIRECTOR 2.00 X 0 0 0 683952 0 7876 4 0 1 0 0 MEMBERSHIP DUES 713910 2380671 2380671 CAPITAL ASSESSMENTS 713910 1444306 1444306 TENNIS OPERATIONS 713910 848803 744985 103818 SERVICE CHARGE 713910 504905 504905 DOCK REVENUE/BOAT STORAGE 713910 244335 244335 394881 330733 64148 5817901 17466 17466 178746 -178746 -178746 -178746 1805810 658577 1147233 850278 296955 INITIATION FEES 713910 195575 195575 SMALL STORE SALES -NET 713910 72557 72557 DELINQUENT & RETURNED CHECK CHARG 713910 32796 32796 300928 7104782 6801141 482387 -178746 289767 3063973 13528 200115 228874 26100 10513 131335 613773 10100 63757 198908 553387 234475 RECREATION 396194 EQUIPMENT EXPENSE 130763 TAXES & LICENSES 114404 EMPLOYEE EXPENSES 67683 249844 6597493 2063044 1680505 709441 469648 111259 114900 148954 203687 21907073 9271529 6929627 12635544 150209 185860 212679 159247 10325213 15449391 292526 314766 151884 154076 2662312 7254769 3106722 7723611 X 7218491 7725780 7218491 7725780 10325213 15449391 507289 0 X 0 1 X 1 0 1015044 1015044 9709441 4507428 5202013 2675348 1152694 1522654 8507240 3611407 4895833 12635544 X 7763359 658577 658577 7104782 0 7104782 7256070 658577 658577 6597493 0 6597493 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(7) OF THE INTERNAL REVENUE CODE. THE TAX REFORM ACT OF 1969 IMPOSES A CORPORATE INCOME TAX ON "UNRELATED BUSINESS TAXABLE INCOME" OF AN OTHERWISE TAX-EXEMPT CLUB. THE PROVISION FOR INCOME TAXES ON UNRELATED BUSINESS INCOME WAS $0 AT DECEMBER 31, 2023 AND 2022, RESPECTIVELY. THE CLUB APPLIES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES RELATED TO INCOME TAX UNCERTAINTIES. THE CLUB HAS DETERMINED THAT THERE WERE NO UNRECOGNIZED TAX BENEFITS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE CLUB FILES TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS ARE 2020 AND FORWARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 658,577. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 658,577. 0 0 0 LOUIS BALLENTYNE TENNIS DIRECTOR 257247 0 0 0 0 0 3166 0 0 0 260413 0 0 0 CAROL EDELL GENERAL MANAGER 187537 0 0 0 0 0 2136 0 0 0 189673 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATELY MEMBER OWNED CLUB THAT IS 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, HONORARY LIFE OVER AND HONORARY LIFE. JUNIOR MEMBERS CAN ONLY ELECT THE JUNIOR MEMBER ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND RELATED SCHEDULES TO MANAGEMENT. MANAGEMENT REVIEWS FORM 990 IN ITS ENTIRETY, WITH ITS OUTSIDE CPA PREPARERS, PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS IN CONNNECTION WITH ANY ACTUAL OR POSSIBLE APPEARANCE OF A CONFLICT OF INTEREST TO THE BOARD. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, THE BOARD SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS AND SHALL TAKE THE APPROPRIATE ACTION. FORM 990, PART VI, SECTION C, LINE 18 POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST.