2026-06-25T18:00:43-05:00 2025-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 500 N BRAND BLVD SUITE 800 GLENDALE CA 91203 990 2025-01-01 952112652 LONG BEACH YACHT CLUB LONG 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 PHIL DANDRIDGE TREASURER 5625989401 2026-06-25 1 MARK J HENNELLY P00982999 8186375000 2025 2025-03-06 01:10:19Z PHIL DANDRIDGE 6201 APPIAN WAY LONG BEACH CA 90803 13193793 0 X WWW.LBYC.ORG X 1929 CA RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. 17 17 124 0 434112 257820 0 0 6354309 6912513 379866 391167 174063 8435 6908238 7312115 0 0 0 0 2424691 2562531 0 0 0 3289989 3893074 5714680 6455605 1193558 856510 13262284 14363869 1163598 1163279 12098686 13200590 RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS. 0 0 THE LONG BEACH YACHT CLUB HOSTED YACHTING EVENTS, SPONSORED THE CONGRESSIONAL CUP, AND VARIOUS YOUTH ACTIVITIES 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 61 0 124 1 1 1 0 0 0 1 1 339664 1139400 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARCIA PETTWAY 5625989401 6201 APPIAN WAY LONG BEACH CA 90803 LISA MEIER COMMODORE 4.00 X X 0 0 0 BOB PIERCY VICE COMMODORE 4.00 X X 0 0 0 GREG MAGNUSON REAR COMMODORE 4.00 X X 0 0 0 TOM CAMP FLEET CAPTAIN 4.00 X X 0 0 0 SHANNON GALLAGHER PORT CAPTAIN 4.00 X X 0 0 0 SCOTT DIXON JR. STAFF COMM 4.00 X 0 0 0 RANDY BEERS DIRECTOR 4.00 X 0 0 0 STEVE MEYER DIRECTOR 4.00 X 0 0 0 KELLIE WOODWORTH DIRECTOR 4.00 X 0 0 0 MIKE GEHRING DIRECTOR 4.00 X 0 0 0 BOB SNOW DIRECTOR 4.00 X 0 0 0 MICHELE BLACKMORE DIRECTOR 4.00 X 0 0 0 LIZ PALMER DIRECTOR 4.00 X 0 0 0 BOB SNOW DIRECTOR 4.00 X 0 0 0 KC COULTRUP DIRECTOR 4.00 X 0 0 0 JOE SEIBERT DIRECTOR 4.00 X 0 0 0 ALEXANDRA ROESER DIRECTOR 4.00 X 0 0 0 PHIL DANDRIDGE TREASURER 4.00 X 0 0 0 BRENDA SHERIDAN SECRETARY 4.00 X 0 0 0 NORMAN CRAIG RICH GENERAL MANAGER 40.00 X 326581 0 45714 STEVEN FELIX ASSISTANT GENERAL MANAGER 40.00 X 114274 0 24000 MARCIA PETTWAY CONTROLLER 40.00 X 191086 0 19876 KENNETH HASELWOOD EXECUTIVE CHEF 40.00 X 180131 0 23917 STUART CAMERON MACLAREN YACHTING DIRECTOR 40.00 X 115843 0 24022 ANDREA HARD MEMBERSHIP DIRECTOR 40.00 X 115691 0 3124 1043606 0 140653 6 0 1 0 0 MEMBERSHIP DUES 713910 4705421 4705421 CAPITAL DUES 713910 1116425 1116425 OTHER PROGRAMS 713910 509824 501271 8553 INITIATION FEES 713910 339664 339664 CONGRESSIONAL CUP 713910 145838 145838 95341 95341 6912513 424456 424456 850776 884065 -33289 -33289 -33289 5006048 4997613 8435 7332 1103 7312115 6878003 434112 0 X 372295 1673260 30644 339519 146813 842692 237415 SPONSORSHIP EXPENSE 382651 OTHER OPERATING EXPENSE 308203 BUILDING AND MAINTENANC 274615 F&B OPERATING EXPENSE 260596 1586902 6455605 520608 381292 676800 653732 240384 240867 52527 92017 7711993 4369189 3318958 3342804 0 8453007 9653157 13262284 14363869 926376 898761 237222 264518 1163598 1163279 X 12098686 13200590 12098686 13200590 13262284 14363869 856510 245394 0 X 0 1 X 1 0 2710134 2208353 501781 2390322 1608202 782120 2611537 552634 2058903 3342804 BOARD DESIGNATED CASH 5162006 BOARD DESIGNATED MARKETABLE SECURITIES 3340684 LEASE & LONG DOCK 835276 OTHER ASSETS 35479 BOARD DESIGNATED INITIATION FEES RECEIVA 15194 OPERATING LEASE RIGHT-OF-USE ASSET 264518 9653157 OPERATING LEASE OBLIGATION 264518 264518 X 12537635 245394 4997613 5243007 7294628 17487 17487 7312115 11435731 4997613 4997613 6438118 17487 17487 6455605 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL AND STATE TAXES RELATED TO REVENUE RECEIVED IN CONNECTION WITH EXEMPT PROGRAMS, UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701(G) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE CLUB IS SUBJECT TO ASSESSMENT OF INCOME TAXES ON WHAT IS TERMED UNRELATED BUSINESS INCOME. THE CLUB CAN GENERATE UP TO 15% OF REVENUE, AS DEFINED IN THE IRC, FROM NON-MEMBER SOURCES. THE CLUB POLICY IS TO MONITOR AND TRACK NON-MEMBER REVENUES TO ENSURE THE CLUB COMPLIES WITH SECTION 501(C)(7) OF THE IRC. IN ADDITION, THE CLUB IS SUBJECT TO TAXATION ON INVESTMENT INCOME. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS BEEN ESTABLISHED IN THE FINANCIAL STATEMENTS. FOR FINANCIAL STATEMENT REPORTING PURPOSES, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2025, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2025, THE CLUB'S ANNUAL TAX FILINGS FOR THE PRIOR THREE (3) YEARS ARE OPEN FOR AUDIT BY THE INTERNAL REVENUE SERVICE AND FOR THE PRIOR FOUR (4) YEARS BY THE FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,997,613. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE NETTED ON F/S 17,487. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,997,613. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE 17,487. X X X 0 0 0 NORMAN CRAIG RICH GENERAL MANAGER 326581 0 0 0 0 0 8099 0 37615 0 372295 0 0 0 MARCIA PETTWAY CONTROLLER 173612 0 17474 0 0 0 4430 0 15446 0 210962 0 0 0 KENNETH HASELWOOD EXECUTIVE CHEF 165020 0 15111 0 0 0 3680 0 20237 0 204048 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - LONG BEACH YACHT CLUB HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - LONG BEACH YACHT CLUB HAS MEMBERS THAT ELECT MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - 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 11B LINE 11B EXPLANATION - THE AUDIT COMMITTEE AND TREASURER REVIEW FORM 990 AND 990-T PRIOR TO THE SIGNING AND FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO READ THE POLICY AND SIGN A FORM AFFIRIMING COMPLIANCE WITH POLICY AND REPORT TO AUDIT COMMITTEE ANY POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PAYROLL FOR EMPLOYEES ARE DETERMINED BY SPEFICIC UNION RATES AS AGREED UPON IN THE UNION CONTRACTS. HOWEVER, THERE ARE CASES WHEREIN PAY RATES ARE HIGHER BASED ON THE RECOMMENDATION OF THE DEPARTMENTAL MANAGERS AND APPROVED BY THE GENERAL MANAGER. THE GENERAL MANAGER'S COMPENSATION IS REVIEWED AND APPROVED BY THE THE BOARD OF DIECTORS AND A COMPENSATION COMMITTEE APPOINTED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS MADE AVAILABLE TO MEMBERSHIP VIA WEBSITE AND UPON REQUEST FOR VALID PURPOSE. THE ORGANIZATION DOES NOT MAKE SUCH DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E REPAIR & MAINTENANCE 251,812. PROFESSIONAL FEES 215,808. FLAG OFFICERS' PROGRAM EXPENSES 157,475. UTILITIES 149,662. A&G OPERATING EXPENSES 147,917. WATERFRONT OPERATIONS 143,305. SUPPLIES 131,364. JUNIOR SAILING OPERATING EXPENSES 79,416. WEBSITE 62,751. INCOME TAX 56,970. PROPERTY TAX 50,763. YOUTH PROGRAMS OPERATING EXPENSES 41,391. EQUIPMENT RENTAL 31,626. REGATTA EXPENSE 31,378. INVESTMENT EXPENSE 17,487. POOL OPERATING EXPENSE 14,113. SWIM TEAM OPERATING EXPENSE 2,858. BAD DEBTS 685. SHIP STORE OPERATING EXPENSE 121.