SARASOTA YACHT CLUB

Address
1100 JOHN RINGLING CAUSEWAY
SARASOTA, FL 34236
Contact
Website: http://www.sarasotayachtclub.org
Phone: +1 (941) 952-9451
Nonprofit
NTEE: N60 - Amateur Sports Clubs, Leagues, N.E.C.
EIN: 59-0436199

Mission

THE SARASOTA YACHT CLUB IS A PREMIER, FULL SERVICE, FAMILY-ORIENTED PRIVATE YACHT CLUB DEDICATED TO THE ENJOYMENT OF MEMBERS, THEIR FAMILIES, AND THEIR GUESTS.
 201720162015
Basic features of the organization
Year of formation1926
Subsection501(c)(7)
Organization typeCorporation
Metropolitan statistical area7510
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$508,945.00$426,710.00$553,252.00
Sum of reportable (W2/1099) compensation$668,248.00$616,019.00$618,017.00
Number of employees125121116
Number of people compensated >$100k444
Number of volunteers7277120
Number of highly compensated contractors010
Personnel
Boscia, Jon
TitleDIRECTOR  
Name of key/compensated personJON BOSCIA  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Clarke, Tim
Title DIRECTORDIRECTOR
Name of key/compensated person TIM CLARKETIM CLARKE
Average hours per week working for org 2.002.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Couture, Phil
Title DIRECTORDIRECTOR
Name of key/compensated person PHIL COUTUREPHIL COUTURE
Average hours per week working for org 2.002.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
D'Agostino, Ken
TitleREAR COMMODORE THRU JAN 2017SECRETARYDIRECTOR
Name of key/compensated personKEN D'AGOSTINOKEN D'AGOSTINOKEN D'AGOSTINO
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Donnellan, Bob
TitleTREASURERTREASURERDIRECTOR
Name of key/compensated personBOB DONNELLANBOB DONNELLANBOB DONNELLAN
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Feltz, Stephania
TitleMEMBER RELATIONS DIRECTORMEMBER RELATIONS DIRECTORMEMBER RELATIONS DIRECTOR
Name of key/compensated personSTEPHANIA FELTZSTEPHANIA FELTZSTEPHANIA FELTZ
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$121,677.00$105,527.00$115,285.00
Other comp, non-reportable, from org and related orgs$12,508.00$11,303.00$7,619.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Gaylor, Chip
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personCHIP GAYLORCHIP GAYLORCHIP GAYLOR
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Gleason, Sheila
TitleDIRECTOR  
Name of key/compensated personSHEILA GLEASON  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Hermansen, John
TitleSECRETARYDIRECTORDIRECTOR
Name of key/compensated personJOHN HERMANSENJOHN HERMANSENJOHN HERMANSEN
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Hutchins, Jane
TitleCOMMODOREVICE COMMODOREREAR COMMODORE
Name of key/compensated personJANE HUTCHINSJANE HUTCHINSJANE HUTCHINS
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Kloppenburg, Bernie
TitleCEOCEOCEO
Name of key/compensated personBERNIE KLOPPENBURGBERNIE KLOPPENBURGBERNIE KLOPPENBURG
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$242,293.00$236,230.00$207,489.00
Other comp, non-reportable, from org and related orgs$114,606.00$100,225.00$90,363.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Lancaster, Alex
Title COMMODOREVICE COMMODORE
Name of key/compensated person ALEX LANCASTERALEX LANCASTER
Average hours per week working for org 2.002.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Martin, James
TitleDIRECTOR  
Name of key/compensated personJAMES MARTIN  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
McCaffery, Richard
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRICHARD MCCAFFERYRICHARD MCCAFFERYRICHARD MCCAFFERY
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
McClure, Barry
Title DIRECTORDIRECTOR
Name of key/compensated person BARRY MCCLUREBARRY MCCLURE
Average hours per week working for org 2.002.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
McIlrevey, Hugh
TitleVICE COMMODOREREAR COMMODORETREASURER
Name of key/compensated personHUGH MCILREVEYHUGH MCILREVEYHUGH MCILREVEY
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Millikin, Lynn
Title DIRECTORDIRECTOR
Name of key/compensated person LYNN MILLIKINLYNN MILLIKIN
Average hours per week working for org 2.002.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Overall, Bobby
Title  COMMODORE
Name of key/compensated person  BOBBY OVERALL
Average hours per week working for org  2.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Petrat, Alice
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personALICE PETRATALICE PETRATALICE PETRAT
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Pressel, Paul
TitleREAR COMMODORE EFF FEB 2017  
Name of key/compensated personPAUL PRESSEL  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Puccio, Anthony
TitleFOOD & BEVERAGE DIRECTORFOOD & BEVERAGE DIRECTORFOOD & BEVERAGE DIRECTOR
Name of key/compensated personANTHONY PUCCIOANTHONY PUCCIOANTHONY PUCCIO
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$155,031.00$146,488.00$131,223.00
Other comp, non-reportable, from org and related orgs$42,553.00$30,136.00$26,925.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Robinson, Susan
TitleDIRECTORDIRECTOR 
Name of key/compensated personSUSAN ROBINSONSUSAN ROBINSON 
Average hours per week working for org2.002.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Semaan, Linda
Title DIRECTOR 
Name of key/compensated person LINDA SEMAAN 
Average hours per week working for org 2.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Stelter, Cindy
Title  SECRETARY
Name of key/compensated person  CINDY STELTER
Average hours per week working for org  2.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Wagner, Benjamin
TitleCHIEF FINANCIAL OFFICERCHIEF FINANCIAL OFFICERCHIEF FINANCIAL OFFICER
Name of key/compensated personBENJAMIN WAGNERBENJAMIN WAGNERBENJAMIN WAGNER
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$149,247.00$127,774.00$164,020.00
Other comp, non-reportable, from org and related orgs$13,644.00$11,982.00$10,894.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Will, Brian
TitleDIRECTOR EFF FEB 2017  
Name of key/compensated personBRIAN WILL  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Purpose: mission, activities & accomplishments
Mission or significant activitiesRECREATIONAL ACTIVITIESRECREATIONAL ACTIVITIESRECREATIONAL ACTIVITIES
Programs, including revenue & expenses
SYC BRAND STATEMENTTHE SARASOTA YACHT CLUB IS THE WATERFRONT CONNECTION FOR A DIVERSE GROUP OF "FUN-LOVING" PEOPLE WHO ENJOY AWARD WINNING DINING, EXTRAORDINARY EXPERIENCES, AND ENGAGING ACTIVITIES IN A WELCOMING ENVIRONMENT. SYC VISION STATEMENTTHE SARASOTA YACHT CLUB WILL BE A VIBRANT, MEMBER-DRIVEN, MULTIGENERATIONAL YACHT CLUB PROVIDING ALL MEMBERS WITH EXTRAORDINARY EXPERIENCES AND LEGENDARY SERVICES.
Program descriptionSYC BRAND STATEMENTTHE SARASOTA YACHT CLUB IS THE WATERFRONT CONNECTION FOR A DIVERSE GROUP OF "FUN-LOVING" PEOPLE WHO ENJOY AWARD WINNING DINING, EXTRAORDINARY EXPERIENCES, AND ENGAGING ACTIVITIES IN A WELCOMING ENVIRONMENT. SYC VISION STATEMENTTHE SARASOTA YACHT CLUB WILL BE A VIBRANT, MEMBER-DRIVEN, MULTIGENERATIONAL YACHT CLUB PROVIDING ALL MEMBERS WITH EXTRAORDINARY EXPERIENCES AND LEGENDARY SERVICES.  
THE OBJECTIVES OF THE CORPORATION, CONSISTING OF MEMBERS OF SIMILAR INTERESTS, SHALL BE TO ENCOURAGE YACHTING TO ASSIST IN MAKING MEMBERS PROFICIENT IN THE ART OF SEAMANSHIP AND THE SCIENCE OF NAVIGATION; TO PROVIDE ENTERTAINMENT, FOOD, REFRESHMENTS AND DOCKING FACILITIES FOR MEMBERS AND THEIR GUESTS; AND GENERALLY TO HAVE AND EXERCISE ALL THE POWERS, PRIVILEGES AND IMMUNITIES OF CORPORATIONS NOT FOR PROFIT INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA.
Program description THE OBJECTIVES OF THE CORPORATION, CONSISTING OF MEMBERS OF SIMILAR INTERESTS, SHALL BE TO ENCOURAGE YACHTING TO ASSIST IN MAKING MEMBERS PROFICIENT IN THE ART OF SEAMANSHIP AND THE SCIENCE OF NAVIGATION; TO PROVIDE ENTERTAINMENT, FOOD, REFRESHMENTS AND DOCKING FACILITIES FOR MEMBERS AND THEIR GUESTS; AND GENERALLY TO HAVE AND EXERCISE ALL THE POWERS, PRIVILEGES AND IMMUNITIES OF CORPORATIONS NOT FOR PROFIT INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA.THE OBJECTIVES OF THE CORPORATION, CONSISTING OF MEMBERS OF SIMILAR INTERESTS, SHALL BE TO ENCOURAGE YACHTING TO ASSIST IN MAKING MEMBERS PROFICIENT IN THE ART OF SEAMANSHIP AND THE SCIENCE OF NAVIGATION; TO PROVIDE ENTERTAINMENT, FOOD, REFRESHMENTS AND DOCKING FACILITIES FOR MEMBERS AND THEIR GUESTS; AND GENERALLY TO HAVE AND EXERCISE ALL THE POWERS, PRIVILEGES AND IMMUNITIES OF CORPORATIONS NOT FOR PROFIT INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA.
Financial data
Expense categories (totals)
Sum (total functional expenses)$6,326,180.00$6,201,607.00$5,923,766.00
Revenue
Total revenue$7,307,395.00$6,862,106.00$6,462,574.00
Program service revenue (total)$5,268,525.00$5,088,556.00$4,557,373.00
Revenue from contributions (total)  $0.00
Investment income$5,580.00-$8,970.00-$2,975.00
Total unrelated business revenue$572,207.00$419,538.00$426,277.00
Other revenue, current yr$2,033,290.00$1,782,520.00$1,908,176.00
Net unrelated business taxable revenue$0.00$0.00-$347.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00
Gross receipts$8,636,894.00$8,029,530.00$7,701,308.00
Other types of revenue
Miscellaneous revenue (total)$126,583.00$192,381.00$178,751.00
Income from dividends, interest, and similar investments  $71.00
Net rental income  $0.00
Net inventory sales (total)$1,906,707.00$1,590,139.00$1,729,425.00
Fees for services
Legal fees (total)$590.00$8,540.00$801.00
Fundraising service fees (total)$0.00$0.00$0.00
Accounting service fees (total)$30,179.00$53,549.00$51,208.00
Assets and liabilities
Total assets$16,813,587.00$15,995,479.00$15,756,090.00
Total assets, beginning of year$15,995,479.00$15,756,090.00$15,771,786.00
Total liabilities$14,192,659.00$14,890,808.00$15,253,617.00
Total liabilities, beginning of year$14,890,808.00$15,253,617.00$15,389,062.00
Net assets$2,620,928.00$1,104,671.00$502,473.00
Net assets, beginning of year$1,104,671.00$502,473.00$382,724.00
Other liabilities$576,392.00$1,070,496.00$902,381.00
Intangible assets$32,788.00$41,341.00$49,894.00
Other assets$192,561.00$128,328.00$65,404.00
Cash: non-interest bearing$2,577,521.00$1,914,746.00$978,978.00
Cash: non-interest bearing, beginning of year$1,914,746.00$978,978.00$522,688.00
Inventories for sale or use$146,113.00$128,899.00$140,176.00
Other financial variables
Revenue less expenses$981,215.00$660,499.00$538,808.00
Advertising (total)$33,378.00$31,856.00$35,609.00
Savings & temp cash investment  $306,678.00
Accounts receivable, net$779,627.00$682,830.00$661,767.00
Prepaid expenses & deferred charges$164,420.00$159,332.00$147,959.00
Accounts payable & accrued expenses$861,032.00$699,541.00$572,837.00
Deferred revenue$702,891.00$594,670.00$523,852.00
Secured mortgages and notes payable$12,052,344.00$12,526,101.00$13,254,547.00
Total net assets or fund balances$2,620,928.00$1,104,671.00$502,473.00
Depreciation, depletion, amortization$742,226.00$772,681.00$787,546.00
Governance and accountability
Number of voting members131515
Number of independent voting members131515
Financial sheets auditedTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-01
Tax year end date2017-09-302016-09-302015-09-30
Accounting methodAccrualAccrualAccrual
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-10-122017-10-182016-12-15
IRS schema version2016v3.02015v3.02014v6.0
Filing identifier201832219349300643201712159349301256201612239349300946
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