2024-03-26T16:19:00-05:00 2022-12-31 720549733 ERICKSEN KRENTEL LLP 4227 CANAL STREET NEW ORLEANS LA 70119 990 2022-01-01 720323180 SOUTHERN YACHT CLUB OF NEW ORLEANS SOUT 5042884200 105 NORTH ROADWAY STREET NEW ORLEANS LA 70124 ED GASKELL GENERAL MANAGER 5042884200 2024-02-23 1 ED GASKELL 999009999 0 RONALD H DAWSON JR CPA P00442622 5044867275 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ED GASKELL 105 NORTH ROADWAY STREET NEW ORLEANS LA 70124 6200872 0 X WWW.SOUTHERNYACHTCLUB.ORG X 1849 LA TO PROMOTE THE SPORT OF SAILING. 12 12 119 0 9982 0 2389162 2468514 1336814 1377319 6645 3755 1089316 1510680 4821937 5360268 0 0 0 0 1849446 2475210 0 0 0 2521371 2743627 4370817 5218837 451120 141431 13645029 14362245 1826367 2486292 11818662 11875953 X TO PROMOTE THE SPORT OF SAILING. THE CLUB PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS AND BOATING EQUIPMENT. THE CLUB PROVIDES INSTRUCTION IN THE SCIENCE OF SAILING AND RACING. IT SPONSORS REGATTAS AND EVENTS TO ENCOURAGE PARTICIPATION IN SAILING. THE CLUB ALSO PROVIDES ITS CLUBHOUSE FACILITIES TO FOSTER SOCIAL INTERACTION. 0 0 PROVIDES FACILITIES FOR MEMBERS TO FOSTER SOCIAL INTERACTION. PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS. PROVIDES INSTRUCTIONS IN THE SCIENCE OF SAILING. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 11 0 1 119 1 1 1 0 0 0 0 0 0 669052 501107 0 0 0 X 12 12 0 0 0 0 1 0 1 1 1 0 0 1 0 1 1 0 0 0 LA X ED GASKELL 5042884200 105 NORTH ROADWAY STREET NEW ORLEANS LA 70124 X ROBERT D FRIEND COMMODORE 5.00 X X 0 0 0 TIMOTHY B MOLONY MD VICE COMMODORE 5.00 X X 0 0 0 JAMES R SANCHEZ JR REAR COMMODORE 5.00 X X 0 0 0 NATHAN P ADAMS III SECRETARY/TREASURER 5.00 X X 0 0 0 BOB KOTTLER BOARD MEMBER 5.00 X 0 0 0 MAMSIE MANARD BOARD MEMBER 5.00 X 0 0 0 COMMODORE RICHARD D PROVENSAL BOARD MEMBER 5.00 X 0 0 0 CHRISTIAN GAMBEL BOARD MEMBER 5.00 X 0 0 0 BOB HUGHES BOARD MEMBER 5.00 X 0 0 0 TIM ALFORTISH BOARD MEMBER 5.00 X 0 0 0 JOSEPH O KUEBEL III MD BOARD MEMBER 5.00 X 0 0 0 DAN SULLIVAN BOARD MEMBER 5.00 X 0 0 0 EDWARD GASKELL III GENERAL MANAGER 40.00 X 210779 0 0 CHRISTIAN ROSSIT EXECUTIVE CHEF 40.00 X 114151 0 0 324930 0 0 2 0 1 0 0 2468514 2468514 INITIATION FEES 900099 669052 669052 CAMPS AND CLINICS 900099 555261 555261 REGATTAS 900099 117132 117132 FITNESS CENTER 900099 30130 30130 ASSESSMENT INCOME 900099 5744 5744 1377319 9982 9982 6227 -6227 -6227 -6227 2267692 834377 1433315 1433315 DELIQUENT FEES 900099 62997 62997 MISCELLANEOUS INCOME 900099 14368 14368 77365 5360268 2804407 9982 77365 324931 1900672 31124 218483 7142 14150 40504 59228 58541 358434 30 550868 535213 REPAIRS AND MAINTENANCE 398598 SUPPLIES 315876 REGATTA AND EVENTS 254072 MISCELLANEOUS EXPENSE 137485 13486 5218837 1534645 1764897 36497 36500 1317460 1326893 55018 75802 122457 157368 17004587 7398661 9608984 9605926 969968 1394859 13645029 14362245 258936 383050 1545206 1581161 5621 3373 16604 518708 1826367 2486292 X 11818662 11875953 11818662 11875953 13645029 14362245 141431 -84140 0 X X 0 1 X 1 0 1000 1000 13171897 5089702 8082195 389660 328398 61262 3442030 1980561 1461469 9605926 INITIATION RECEIVABLE - NON-CURRENT 868051 CAPITAL ASSESSMENT RECEIVABLE - NON-CURRENT 8100 RIGHT OF USE ASSETS - OPERATING LEASES 518708 1394859 OPERATING LEASES - CURRENT 2328 OPERATING LEASES - LONG-TERM 516380 518708 X PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE U.S. INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SECTION 121(5) OF TITLE 47 OF THE LOUISIANA REVISED STATUTES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CLUB'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE CLUB'S EVALUATION AS OF DECEMBER 31, 2022 REVEALED NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE 2019 THROUGH 2022 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. X X X 0 0 0 EDWARD GASKELL III GENERAL MANAGER 210779 0 0 0 0 0 0 0 0 0 210779 0 0 0 CHRISTIAN ROSSIT EXECUTIVE CHEF 114151 0 0 0 0 0 0 0 0 0 114151 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 15 DIFFERENT TYPES OF MEMBER CLASSES WHICH ARE DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD HAS TWO ANNUAL MEETINGS (IN JUNE AND DECEMBER) WHERE MEMBERS CAN VOTE ON CHANGES TO THE BY LAWS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2B: DUE TO TIME CONSTRAINTS, THE AUDITED FINANCIAL STATEMENTS ARE IN PROGRESS AND HAVE NOT BEEN COMPLETED AT TIME OF FILING FORM 990. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM YEAR TO YEAR.