2024-11-12T09:08:06-06:00 2023-12-31 934739451 PPCO ADVISORS LLC 333 W SANTA CLARA ST SUITE 800 SAN JOSE CA 951131716 990 2023-01-01 940836785 THE SAN FRANCISCO YACHT CLUB SANF 4154359133 98 BEACH RD BELVEDERE CA 94920 STEPHEN FENTRESS TREASURER 4154359133 2024-11-12 1 1 SCOTT WATTERS P01246213 4082877911 2023 2024-10-15 13:58:12Z JENNIFER DAILEY 98 BEACH RD BELVEDERE CA 94920 9074532 0 X WWW.SFYC.ORG X 1873 CA SEE SCHEDULE O 11 11 105 125 400655 73884 80000 80000 5120062 5423706 22106 87988 1851565 2474571 7073733 8066265 0 0 0 0 3693223 4420122 0 0 0 3708450 3719940 7401673 8140062 -327940 -73797 21535474 21141114 6217063 5987731 15318411 15153383 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7), WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE SINGLE PURPOSE OF SOCIAL AND RECREATIONAL BENEFITS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE PART VIII FOR LISTING. 0 1 0 0 0 0 1 0 0 1 1 0 0 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 15 0 105 1 0 0 0 0 0 255585 751694 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X SIMEON MEYER 4154359133 98 BEACH RD BELVEDERE CA 94920 MADELINE MOREY COMMODORE 10.00 X X 0 0 0 JENNIFER DAILEY VICE COMMODORE 10.00 X X 0 0 0 QUENTIN HILLS REAR COMMODORE 10.00 X X 0 0 0 STEPHEN FENTRESS TREASURER 10.00 X X 0 0 0 ROBERT SLAYMAKER SECRETARY 10.00 X X 0 0 0 JEFF CUSACK DIRECTOR 10.00 X 0 0 0 ETHAN DOYLE DIRECTOR 10.00 X 0 0 0 JOHN EGELSTON DIRECTOR 10.00 X 0 0 0 SC DON JESBERG DIRECTOR 10.00 X 0 0 0 CASSIDY LYNCH DIRECTOR 10.00 X 0 0 0 PATRICIA YOUNG DIRECTOR 10.00 X 0 0 0 MICHAEL PERRY GENERAL MANAGER 40.00 X 243349 0 33095 SIMEON MEYER CONTROLLER 40.00 X 134037 0 10215 FORREST GAY SAILING DIRECTOR 40.00 X 141154 0 14297 DIXON HOLLIS CLUB MANAGER 40.00 X 144702 0 10215 KEVIN TENTIS HARBOR MASTER 40.00 X 111446 0 13761 774688 0 81583 5 0 1 0 0 80000 80000 MEMBERSHIP DUES 713990 3010297 3010297 BERTH RENTAL 713990 1571683 1571683 YOUTH SAILING 713990 680631 680631 REGATTAS 713990 92424 92424 AUXILIARY 713990 68671 68671 5423706 87988 87988 2950702 1008267 1942435 1629768 312667 INITIATION FEES 722100 255585 255585 NET ASSETS RELEASED FROM RESTRICT 722100 235134 235134 OTHER INCOME 722100 41417 41417 532136 8066265 7585610 400655 0 420696 2934469 27614 730540 306803 187159 903763 570753 COMMITTEE EXPENSE 543944 ADMINISTRATIVE AND GENE 451418 UTILITIES 225438 FOOD AND BEVERAGE 220775 616690 8140062 433070 365963 183951 126039 669401 867156 139665 151879 297559 147679 24597547 9332933 15763318 15264614 4048510 4217784 21535474 21141114 578939 520496 390018 451773 5248106 5015462 6217063 5987731 X 15134459 15153383 183952 0 15318411 15153383 21535474 21141114 X -73797 92721 -183952 X X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 3596706 3596706 2189984 973324 1216660 3090278 2230765 859513 15720579 6128844 9591735 15264614 US TREASURY BILLS 4217784 F 4217784 CONSTRUCTION LOAN 5015462 5015462 X 9251773 92721 1092787 1185508 8066265 0 8066265 9232849 1092787 1092787 8140062 0 8140062 PART III, LINE 1A: VARIOUS PIECES OF ARTWORK ARE DISPLAYED IN THE CLUB AS WELL AS PERPETUAL TROPHIES FOR THE ENJOYMENT OF THE MEMBERS. PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES THAT POSITIONS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,092,787. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,092,787. X 0 1 X X X X X 0 0 0 MICHAEL PERRY GENERAL MANAGER 207349 0 36000 0 0 0 22880 0 10215 0 276444 0 0 0 FORREST GAY SAILING DIRECTOR 128092 0 13062 0 0 0 4082 0 10215 0 155451 0 0 0 DIXON HOLLIS CLUB MANAGER 120064 0 24638 0 0 0 0 0 10215 0 154917 0 0 0 PART I, LINE 1B RECEIPTS WERE SUBMITTED FOR REIMBURSEMENT UP TO THE ALLOTTED AMOUNT IN CONTRACT. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE CLUB'S MISSION IS TO PROMOTE THE SCIENCE AND ART OF NAVIGATION AND NAVAL ARCHITECTURE, ENCOURAGE AND ASSIST IN MAKING MEMBERS PROFICIENT IN YACHTING, PROMOTE AQUATIC SPORTS, AND PROMOTE SOCIAL ACTIVITIES AMONG ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE CLUB HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - THE DECISIONS OF THE GOVERNING BODY OF THE CLUB ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REQUEST TO REVIEW AND DISCLOSE AS RELATED TO CONFLICT POLICY BY ALL BOARD DIRECTORS AND COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS PERIODICALLY TO REVIEW SALARIES AND SET WAGE INCREASES AND BONUSES FOR MANAGEMENT EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION AT THE CLUB. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND AVAILABLE FOR INSPECTION AT THE CLUB. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB WEBSITE, UPON REQUEST, AND ARE AVAILABLE FOR INSPECTION OF THE CLUB. FORM 990, PART XI, LINE 9: CONTRIBUTIONS, REGATTA SUPPORT 51,010. RELEASE FROM RESTRICTION, REGATTA SUPPORT -235,134. INVESTMENT INCOME 172. FORM 990, LINE 2C NO CHANGE FROM PRIOR YEAR.