Totals
- Total revenue
- $7,849,137
- Total expenses
- $8,787,695
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,680,933
- Investment income
- $14,756
- Other revenue
- $2,153,448
- Total assets, end of year
- $15,183,036
- Total liabilities, end of year
- $5,558,781
- Net assets or fund balances, end of year
- $9,624,255
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBER DUES
total $3,324,760 · related or exempt $3,324,760
-
2b · Program service revenue: YOUTH SAILING
total $1,161,601 · related or exempt $478,865 · unrelated business $682,736
-
2c · Program service revenue: BOAT STORAGE FEES
total $746,252 · related or exempt $739,326 · unrelated business $6,926
-
2d · Program service revenue: SECURITY OPERATION
total $358,097 · related or exempt $358,097
-
2e · Program service revenue: RACES
total $62,174 · related or exempt $7,655 · unrelated business $54,519
-
2f · All other program service revenue
total $28,049 · related or exempt $28,049
-
3 · Investment income
total $14,756 · unrelated business $14,756
-
10a · Gross sales of inventory
$3,609,057
-
10b · Cost of goods sold
$1,524,677
-
10c · Net income from sales of inventory
total $2,084,380 · related or exempt $1,783,085 · unrelated business $301,295
-
11a · Other revenue: OTHER
total $69,068 · related or exempt $69,068
-
11e · Other revenue, total
$69,068
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $3,670,849
-
9 · Other employee benefits
total $1,244,458
-
20 · Interest
total $43,824
-
22 · Depreciation, depletion and amortization
total $714,497
-
23 · Insurance
total $360,785
-
24a · Other expenses: YOUTH SAILING ACTIVITIE
total $578,540
-
24b · Other expenses: CLUBHOUSE
total $558,798
-
24c · Other expenses: FOOD & BEVERAGE
total $411,458
-
24d · Other expenses: BOAT STORAGE
total $261,711
-
24e · All other expenses
total $942,775
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,053,414 · end of year $4,696,674
-
4 · Accounts receivable
beginning of year $1,310,929 · end of year $1,603,448
-
8 · Inventories for sale or use
beginning of year $90,322 · end of year $106,305
-
9 · Prepaid expenses and deferred charges
beginning of year $150,403 · end of year $142,327
-
10a · Land, buildings and equipment: cost or other basis
$14,307,080
-
10b · Land, buildings and equipment: accumulated depreciation
$5,691,861
-
10c · Land, buildings and equipment, net
beginning of year $8,370,531 · end of year $8,615,219
-
15 · Other assets
beginning of year $19,063 · end of year $19,063
-
17 · Accounts payable and accrued expenses
beginning of year $492,972 · end of year $627,886
-
19 · Deferred revenue
beginning of year $3,449,425 · end of year $3,995,356
-
24 · Unsecured notes and loans payable
beginning of year $862,633 · end of year $741,639
-
25 · Other liabilities
beginning of year $181,300 · end of year $193,900
-
27 · Net assets without donor restrictions
beginning of year $10,008,332 · end of year $9,624,255
Mission and programs · 2022
Mission
CORAL REEF YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Activities or mission (Part I)
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
-
THE CLUB PROVIDES RESTAURANT AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.
As filed on the 2022 return.
Listed in Part VII
-
Mike OwensMIKE OWENS
COMMODORE
- Total calculated
- $0
- Hours/week
- 2
-
Neal McAlileyNEAL MCALILEY
VICE COMMODORE
- Total calculated
- $0
- Hours/week
- 2
-
Stephan MedinaSTEPHAN MEDINA
REAR COMMODORE
- Total calculated
- $0
- Hours/week
- 2
-
Jim HartensteinJIM HARTENSTEIN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Chris BlockCHRIS BLOCK
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Billy RiederBILLY RIEDER
FLEET CAPTAIN
- Total calculated
- $0
- Hours/week
- 2
-
Bernhard BrijbagBERNHARD BRIJBAG
FLEET SURGEON
- Total calculated
- $0
- Hours/week
- 2
-
Sharon BourkeSHARON BOURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim CusackJIM CUSACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bill HarveyBILL HARVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonah PruittJONAH PRUITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charles PorterCHARLES PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tait KeonTAIT KEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John WoodJOHN WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bentley BalzebreBENTLEY BALZEBRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Al GermiAL GERMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peter LapointePETER LAPOINTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Luis Preito Y MunozLUIS PREITO Y MUNOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim Van BurenJIM VAN BUREN
GENERAL MANAGER
- Total calculated
- $359,164
- From this org
- $328,869
- From related orgs
- $0
- Other
- $30,295
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $253,794
- Bonus
- $75,075
- Other
- $0
- Deferred
- $15,250
- Nontaxable benefits
- $15,045
- Filer's total
- $359,164
-
Paul SchellerPAUL SCHELLER
CONTROLLER
- Total calculated
- $132,242
- From this org
- $119,294
- From related orgs
- $0
- Other
- $12,948
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430729349301413
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