2025-08-07T16:03:56-05:00 2024-09-30 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2023-10-01 596213933 NAPLES SAILING AND YACHT CLUB INC NAPL 2397740424 896 RIVER POINT DRIVE NAPLES FL 34102 CAROL JOSEPH COMMODORE 2397740424 2025-08-07 1 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2023 2025-03-06 01:10:19Z CAROL JOSEPH 896 RIVER POINT DRIVE NAPLES FL 34102 9582472 0 X WWW.THENSYC.COM X 1965 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 61 22 95367 195157 0 0 3119025 3566553 -108978 193869 3607144 2872274 6617191 6632696 0 0 0 0 2993026 1433498 0 0 0 2111318 2366232 5104344 3799730 1512847 2832966 11479867 14836437 4220282 4743886 7259585 10092551 NAPLES SAILING & YACHT CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF THE CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDED DOCKAGE AND SOCIAL ACTIVITIES TO APPROXIMATELY 400 MEMBERS DURING THE YEAR. TOTAL FOOD & BEVERAGE AND MERCHANDISE REVENUE FOR THE YEAR ENDED 09/30/2024 WAS $2,107,749 OF WHICH $505,230 WAS NON-MEMBER RELATED. 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 44 0 1 61 1 1 1 0 0 0 1 1 3672534 610208 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X GEORGE HUNT GENERAL MANAGER 2397740424 896 RIVER POINT DRIVE NAPLES FL 34102 CAROL JOSEPH COMMODORE 2.00 X X 0 0 0 MIKE MANLEY VICE COMMODORE 2.00 X X 0 0 0 KELLY FLYNN DIRECTOR 1.00 X 0 0 0 DEAN LOHMAN SECRETARY 2.00 X X 0 0 0 STEVE ARBAUGH DIRECTOR 1.00 X 0 0 0 BOB HITT REAR COMMODORE 2.00 X X 0 0 0 JOHN FERGUS DIRECTOR 1.00 X 0 0 0 STEVE WEDEL DIRECTOR 1.00 X 0 0 0 MIKE KUTSCH TREASURER 2.00 X X 0 0 0 BARBARA TEAFORD DIRECTOR 1.00 X 0 0 0 EILEEN VOYNICK DIRECTOR 1.00 X 0 0 0 CHET TETTA DIRECTOR 1.00 X 0 0 0 GREG BARTELS CONTROLLER 40.00 X 113573 0 15327 MICHAEL MADSEN HEAD CHEF 40.00 X 210513 0 16831 ANN MARIE ASHLINE DIRECTOR OF MEMBERSHIP 40.00 X 183016 0 0 GEORGE MULLER CLUBHOUSE MANAGER 40.00 X 109494 0 6925 MANUEL BLANCO FORMER GENERAL MANAGER 52.00 X 301370 0 20013 917966 0 59096 5 1 1 0 0 MEMBER DUES 713910 2320460 2320460 DOCKAGE AND SERVICE FEES 713910 851334 746356 104978 SERVICE CHARGES 713910 394759 394759 3566553 193869 193869 8170 0 8170 8170 8170 2107749 2949776 -842027 -638547 -203480 CAPITAL DUES 713910 2049983 2049983 CAPITAL CONTRIBUTIONS FROM NEW VO 713910 1164355 1164355 INITAL CAPITAL - NON-VOTING MEMBE 713910 458196 458196 33597 33597 3706131 6632696 6537329 95367 0 887433 349856 25460 97245 73504 66803 31180 33487 64915 47656 62765 656565 308030 INCOME TAX EXPENSES 52188 ADMINISTRATIVE AND GENE 401480 FOOD AND BEVERAGE 162020 DOCKAGE & SHIP'S STORE 156766 322377 3799730 650 650 5828236 8710471 116560 46724 94982 79736 231659 283882 12487824 7693751 4582736 4794073 625044 920901 11479867 14836437 428400 296205 1389208 1983703 1704796 1670632 697878 793346 4220282 4743886 X 7259585 10092551 7259585 10092551 11479867 14836437 2832966 0 X 0 1 X 1 0 93722 93722 7643936 5841043 1802893 2059705 1150634 909071 2690461 702074 1988387 4794073 CONSTRUCTION IN PROGRESS 809031 RIGHT-OF-USE LEASE ASSET - OPERATING 111870 920901 DEFERRED INITIAL CAPITAL FEES 716683 INCOME TAXES PAYABLE 55000 CURRENT RIGHT OF USE LEASE LIABILITY - OPERATING 21663 793346 X 9187713 2949776 2949776 6237937 394759 394759 6632696 6354747 2949776 2949776 3404971 394759 394759 3799730 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,949,776. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 394,759. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,949,776. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 394,759. X 0 0 0 MANUEL BLANCO FORMER GENERAL MANAGER 224159 0 47211 0 30000 0 9013 0 11000 0 321383 0 0 0 MICHAEL MADSEN HEAD CHEF 132452 0 48061 0 30000 0 6031 0 10800 0 227344 0 0 0 ANN MARIE ASHLINE DIRECTOR OF MEMBERSHIP 79141 0 103875 0 0 0 0 0 0 0 183016 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED YACHT CLUB OFFERING RESTAURANT FACILITIES, DOCKAGE, AND SOCIAL ACTIVITIES TO ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ONLY ADMIRAL MEMBERS HAVE VOTING PRIVILEGES (1 VOTE PER FAMILY). FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTORS DECISIONS SUBJECT TO MEMBERSHIP APPROVAL ARE CHANGES TO THE BYLAWS, ADMISSION, RESIGNATION, SUSPENSION AND EXPULSION OF MEMBERS, AND CAPITAL EXPENDITURES OVER $150,000 ARE SUBJECT TO APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CONTROLLER, GENERAL MANAGER, TREASURER, COMMODORE, VICE COMMODORE, AND REAR COMMODORE, PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB MONITORS THE CONFLICT OF INTEREST POLICY. THE CLUB DOES NOT ENGAGE IN BUSINESS WITH ANY BOARD MEMBERS OR CLUB MEMBERS, THEREFORE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE SALARIES AND BONUSES FOR THE GENERAL MANAGER, CONTROLLER, EXECUTIVE CHEF, DIRECTOR OF MEMBERSHIP, FOOD & BEVERAGE MANAGER, AND THE DOCKMASTER, BASED ON DATA SUPPLIED BY THE TRENDS REPORT AS WELL AS CERTAIN MEMBERSHIP AND PROFITABILITY AMOUNTS. ALL OTHER EMPLOYEES' BASE PAY IS DETERMINED BY THE GENERAL MANAGER USING LOCAL DATA AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT PROVIDE THE CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB'S WEBSITE.