2024-10-25T14:16:45-05:00 2024-05-31 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2023-06-01 952423279 BEACON BAY COMMUNITY ASSOCIATION C/O BOYD MANAGEMENT BEAC 9492158485 25422 TRABUCO RD 105337 LAKE FOREST CA 92630 MICHELE HOWLAND PRESIDENT 9492158485 2024-10-25 0 ROBERT A OWENS CPA P01414999 9498515020 2023 2024-10-15 13:58:12Z MICHELE HOWLAND 25422 TRABUCO RD 105337 LAKE FOREST CA 92630 349295 0 X N/A X 1964 CA SEE BELOW 7 7 0 0 0 0 237600 248400 88000 88000 4468 11395 5365 1500 335433 349295 0 0 0 0 0 0 0 0 0 190842 258480 190842 258480 144591 90815 976292 1051869 137510 122272 838782 929597 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 211894 THE ASSOCIATION MAINTAINS RECREATIONAL AND COMMUNITY SERVICES INCLUDING A PARK WITH BASKETBALL AND TENNIS COURTS, DOCKS, AND FENCES/GATES. 211894 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 248400 248400 DOCK FEES 531390 88000 88000 88000 11395 11395 MISCELLANEOUS 531390 1500 1500 1500 349295 100895 0 0 X 16700 16700 5506 5506 3048 3048 9372 9372 LANDSCAPE MAINTENANCE 67933 67933 DOCKS/SLIPS 59047 59047 WATER 19136 19136 LIGHTING AND ELECTRICAL 14678 14678 63060 51100 11960 258480 211894 46586 0 101368 96377 860889 947107 10000 7270 4035 1115 184702 184702 0 0 976292 1051869 11449 9183 71125 62650 54936 50439 137510 122272 X -24134 -22284 0 0 862916 951881 838782 929597 976292 1051869 90815 0 X 0 0 0 184702 184702 0 0 CONSTRUCTION DEPOSITS 49611 INCOME TAXES PAYABLE 828 50439 260623 0 260623 88672 88672 349295 258480 0 258480 0 258480 PART XI, LINE 4B - OTHER ADJUSTMENTS: RESERVE REVENUE DEFERRED ON AUDIT PER FASB 606 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 SAND REPLENISH: PROGRAM SERVICE EXPENSES 12,046. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,046. ADMINISTRATIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,015. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,015. FENCE/GATES: PROGRAM SERVICE EXPENSES 10,836. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,836. GENERAL MAINTENANCE: PROGRAM SERVICE EXPENSES 10,171. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,171. BEACH AND DREDGING: PROGRAM SERVICE EXPENSES 7,443. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,443. DOCK ELECTRIC: PROGRAM SERVICE EXPENSES 4,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,900. ELECTRICITY: PROGRAM SERVICE EXPENSES 2,684. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,684. TENNIS COURT: PROGRAM SERVICE EXPENSES 1,314. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,314. STATE TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 945. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 945. RUBBISH COLLECTION: PROGRAM SERVICE EXPENSES 881. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 881. SAND CLEANING MACHINE: PROGRAM SERVICE EXPENSES 825. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 825.