2024-10-30T15:46:47-05:00 2023-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2023-01-01 952556393 BAHIA CORINTHIAN YACHT CLUB BAHI 9496449530 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 GARY GRANBERY TREASURER 9496449530 2024-10-30 1 0 MARK J HENNELLY P00982999 8186375000 2023 2024-10-15 13:58:12Z 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 5186989 0 X WWW.BCYC.ORG X 1958 CA PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. 11 11 106 0 113511 78944 0 0 2754559 2781934 -4342 115145 133807 194230 2884024 3091309 0 0 0 0 918419 931061 0 0 0 1910523 2018412 2828942 2949473 55082 141836 8442481 8280770 3033236 2729689 5409245 5551081 PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. 0 0 PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 43 0 106 1 1 1 0 0 0 1 1 98863 835087 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BAHIA CORINTHIAN YACHT CLUB 9496449530 1601 BAYSIDE DRIVE CORONA DEL MAR CA 92625 ROLF ROLNICKI COMMODORE 10.00 X X 0 0 0 CLEVE SPROULE VICE COMMODORE 8.00 X X 0 0 0 MICHAEL MEANS REAR COMMODORE 6.00 X X 0 0 0 GEORGE HAMPTON SECRETARY 2.00 X X 0 0 0 ARTESHA HARVEY DIRECTOR 2.00 X 0 0 0 BILL LONG DIRECTOR 2.00 X 0 0 0 LAURI MOFFETT DIRECTOR 2.00 X 0 0 0 LYNN NOAH DIRECTOR 2.00 X 0 0 0 BOB SACHS DIRECTOR 2.00 X 0 0 0 RHONDA TOLAR DIRECTOR 2.00 X 0 0 0 KARI KONAPELSKY DIRECTOR 2.00 X 0 0 0 GARY GRANBERY TREASURER 8.00 X 0 0 0 SCOTT JONES GENERAL MANAGER 40.00 X 219671 0 16720 GEORGES REPICUALT EXECUTIVE CHEF 40.00 X 127128 0 12300 346799 0 29020 2 0 1 0 0 SAILING ACTIVITIES 713910 1490085 1485213 4872 MBRSHP DUES & CONTRIB. 713910 1144293 1144293 INITIATION &TRANSFER FEES 713910 98863 98863 OTHER INCOME 713910 44339 44339 ADVERTISING 541800 4354 268 4086 2781934 69975 69975 40821 20411 20410 20410 20410 48250 3080 45170 45170 45170 2246009 2072189 173820 159652 14168 3091309 2977798 113511 0 X 236392 494782 9589 127690 62608 85321 40292 282171 98468 A&G OPERATING EXPENSES 285678 SAILING ACTIVITY OPERAT 229074 REPAIRS & MAINTENANCE 168612 TIDELANDS 129653 699143 2949473 722420 836068 1480405 1461704 203766 181240 67283 80496 75989 41644 11695805 7146217 4655173 4549588 1237445 1130030 8442481 8280770 446260 439892 1202279 1008588 1384697 1281209 3033236 2729689 X 4910927 5123453 498318 427628 5409245 5551081 8442481 8280770 141836 0 X 0 1 X 1 0 1033544 1033544 4344098 2848529 1495569 3540627 2967495 573132 2777536 1330193 1447343 4549588 OTHER ASSETS 3005 ROU ASSETS 1127025 1130030 DEPOSITS 168651 ROU OPERATING AND FINANCE LEASES 1112558 1281209 X 5424755 2333446 2333446 3091309 0 3091309 5282919 2333446 2333446 2949473 0 2949473 PART X, LINE 2: THE CLUB HAS BEEN GRANTED EXEMPTION FROM FEDERAL AND STATE OF CALIFORNIA INCOME TAXES AS A NONPROFIT ORGANIZATION UNDER THE INTERNAL REVENUE CODE 501(C)(7) AND SECTION 23701G OF THE CALIFORNIA REVENUE AND TAXATION CODE. HOWEVER, THE TAX REFORM ACT OF 1969 PROVIDES FOR THE ASSESSMENT OF TAXES ON WHAT IS TERMED "UNRELATED BUSINESS INCOME." THIS IS GENERALLY DEFINED AS INTEREST, AND RENTAL INCOME, INCLUDING RENTAL REVENUE FROM THE CELL TOWER, AND NONMEMBER INCOME FROM SOURCES SUCH AS FOOD, BEVERAGE, AND YACHTING REVENUES. THE CLUB'S POLICY IS TO RECOGNIZE TAX POSITIONS IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2023, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023, THE CLUB'S ANNUAL TAX FILINGS FOR THE PRIOR THREE (3) AND FOUR (4) YEARS ARE OPEN FOR AUDIT BY FEDERAL AND STATE TAX AGENCIES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,072,189. RENTAL EXPENSE 20,411. EMPLOYEE RETENTION CREDIT 240,846. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,072,189. RENTAL EXPENSE 20,411. EMPLOYEE RETENTION CREDIT 240,846. X 0 0 0 SCOTT JONES GENERAL MANAGER 192073 0 27598 0 0 0 0 0 16720 0 236391 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - BAHIA CORINTHIAN YACHT CLUB IS A PRIVATE EQUITY CLUB. THE MEMBERS ARE OWNERS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE CLUB IS GOVERNED BY AN ELEVEN PERSON BOARD THE BOARD MEMBERS ROTATE ANNUALLY ON AVERAGE THREE NEW DIRECTORS ARE VOTED IN EACH YEAR AND THREE MEMBERS END THEIR TERM ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS SUCH AS BYLAW AMENDMENTS, BOARD MEMBER ELECTIONS, AND MAJOR FINANCIAL COMMITMENTS ARE RESERVED FOR MEMBERS TO ENSURE THEIR INTERESTS ARE REPRESENTED. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE RETURNS ARE REVIEWED BY THE TREASURER AND THE TREASURER REPORTS TO THE BOARD ON THE REVIEW PRIOR TO SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 11B AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE MEMBERS OF THE CLUB APPROVE ANY CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL MANAGER AND THE BOARD OF DIRECTORS MONITORS AND REVIEWS ON A CONTINUOUS BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY EMPLOYEES ARE REVIEWED BY THE GENERAL MANAGER AND EXECUTIVE COMMITTEE. THE COMMORDORE OF THE CLUB GIVES THE ANNUAL REVIEW TO THE GENERAL MANAGER. THE EXECUTIVE COMMITTEE REVIEWS ALL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E F&B OPERATING EXPENSE 126,801. PROPERTY TAX 115,492. MEMBERSHIP EXPENSE 109,730. ENTERTAINMENT 78,261. PROFESSIONAL FEES 65,507. LAUNDRY 64,832. UTILITIES 45,820. OUTSIDE SERVICES 32,581. MISCELLANEOUS 31,775. PRINTING AND PUBLICATIONS 14,530. POSTAGE AND SHIPPING 12,744. MASTERHEAD EXPENSE 1,070.