2013-08-14T14:28:46-05:00 2012-12-31 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2012-01-01 520227500 THE ANNAPOLIS YACHT CLUB INC ANNA 4102639147 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 214040908 KRISTI ADKINS 4102639147 2013-08-14 1 LORI S BURGHAUSER P00370694 4104031500 2013-08-14 2012 2016-02-25 16:41:14Z KEVIN MCNEIL 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 214040908 9561094 0 X WWW.ANNAPOLISYC.COM X 1937 MD SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 10 10 186 300 949113 7749 0 0 3608759 3626480 1608 27089 3655151 4147843 7265518 7801412 0 0 0 0 3806526 3974984 0 0 0 3058911 2945799 6865437 6920783 400081 880629 17986276 18579939 3647612 3360646 14338664 15219293 THE ANNAPOLIS YACHT CLUB'S MISSION IS TO ENCOURAGE AND SUPPORT A WIDE RANGE OF BOATING ACTIVITIES, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ASSOCIATED FACILITIES FOR THE RECREATIONAL AND SOCIAL USE OF ITS MEMBERS. 0 0 THE CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 1 0 0 1 0 0 186 1 1 1 0 0 0 1 1 795900 1130222 0 X 10 10 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X KRISTI ADKINS 4102639147 2 COMPROMISE STREET ANNAPOLIS MD 21401 KEVIN MCNEIL 1.00 X 0 0 0 ROD JABIN 1.00 X 0 0 0 DEBBIE GOSSELIN 1.00 X 0 0 0 JAMES ELLIS 1.00 X 0 0 0 C EDWARD HARTMAN III 1.00 X 0 0 0 ED MANGAN 1.00 X 0 0 0 WILLIAM TOGERSON 1.00 X 0 0 0 HOWARD BROOKS 1.00 X 0 0 0 JENNIFER COMERFORD-FLAKE 1.00 X 0 0 0 DAVE GALLITANO 1.00 X 0 0 0 BRIAN ASCH 40.00 X 242279 0 16171 NADINE ROCKWELL 40.00 X 132773 0 1926 KRISTI ADKINS 40.00 X 132889 0 7078 TRACIE PARKINSON 40.00 X 117074 0 15591 MICHAEL HERR 40.00 X 141911 0 14226 766926 0 54992 5 0 1 0 SYSCO PO BOX 1099 JESSUP MD 20794 FOOD DISTRIBUTOR 413918 MARINE TECHNOLOGIES 6604 FORT SMALLWOOD ROAD BALTIMORE MD 21226 UNDERWATER CONSTRUCTION COMPANY 234648 SAGAMORE MECHANICAL SERVICES 11521 CRONRIDGE DRIVE OWINGS MILLS MD 21117 CONTRACTOR FOR KITCHEN HOOD PROJECT 174053 UNITED SHELLFISH COMPANY 407 KENT NARROWS GRASONVILLE MD 21638 FOOD DISTRIBUTOR 160170 RELIABLE CHURCHILL DISTRIBUTORS 7621 ENERGY PARKWAY BALTIMORE MD 21226 WINE DISTRIBUTOR 155709 7 MEMBERSHIP DUES 713910 3113401 3113401 JUNIOR FLEET 713910 369252 369252 YACHT RACES 713910 143827 143827 3626480 8749 8749 89963 50777 39186 39186 39186 22932 4592 18340 18340 18340 4303293 1704313 2598980 1727802 871178 INITIATION FEE 713910 795900 795900 BOATYARD/SLIP RENTAL 531120 556857 526857 30000 OTHER INCOME 713910 156920 156920 1509677 7801412 6852299 949113 0 258450 2745857 19603 672611 278463 14035 30374 11050 12773 92088 1250185 59535 REPAIRS & MAINTENANCE 230943 UTILITIES 211751 RACE EXPENSES 205838 MISCELLANEOUS 156558 670669 6920783 170794 168571 2284882 3313308 3588563 3376674 0 85083 134365 142311 287607 413571 21531691 10451270 11520065 11080421 17986276 18579939 512791 386870 3134821 2973776 3647612 3360646 X 14338664 15219293 14338664 15219293 17986276 18579939 880629 0 X X 0 1 X 1 0 6170152 6170152 278500 15083039 10451270 4910269 11080421 X 9556502 1755090 1755090 7801412 0 7801412 8675873 1755090 1755090 6920783 0 6920783 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CLUB RECOGNIZES INTEREST AND PENALTIES ACCRUED ON UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE CLUB DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF DECEMBER 31, 2012 AND 2011. THE CLUB REMAINS SUBJECT TO ROUTINE EXAMINATION BY THE IRS AND STATE AUTHORITIES FOR THE TAX YEARS 2009 THROUGH 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,704,313. RENTAL EXPENSE 50,777. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,704,313. RENTAL EXPENSE 50,777. X X X 0 0 0 BRIAN ASCH 189279 0 53000 0 0 0 1805 0 14366 0 258450 0 0 0 MICHAEL HERR 122387 0 19524 0 0 0 0 0 14226 0 156137 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DEBBIE GOSSELIN, REAR COMMODORE, IS THE SISTER OF C. EDWARD HARTMAN III, SECRETARY. FORM 990, PART VI, SECTION A, LINE 6 AS A SOCIAL ORGANIZATION, THE ANNAPOLIS YACHT CLUB, INC. HAS MEMBERS WHO PAY MEMBERSHIP DUES IN ORDER TO UTILIZE AND BENEFIT FROM THE CLUBS FACILITIES AND ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ANNAPOLIS YACHT CLUB, INC. MAY ELECT MEMBERS OF THE GOVERNING BODY, THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSED CHANGES TO THE BY-LAWS MUST BE VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 ONCE THE FORM IS COMPLETED, IT WILL BE PRESENTED TO THE AUDIT COMMITTEE, FINANCE COMMITTEE AND THE BOARD OF GOVERNORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND REPORT ANY INTERESTS THAT COULD CAUSE CONFLICT. THE POLICIES ARE REVIEWED ANNUALLY BY THE BOARD OF GOVERNORS FOR ANY CHANGES, MODIFICATIONS, ETC. VENDOR CONTRACTS ARE REVIEWED FOR POTENTIAL CONFLICTS. A CONFLICT OF INTEREST DOCUMENT IS PREPARED AND SIGNED FOR ANY POTENTIAL CONFLICTS. THE CONFLICT OF INTEREST DOCUMENTS ARE REVIEWED BY THE FINANCE COMMITTEE AND ULTIMATELY THE BOARD OF GOVERNORS, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE'S ROLE IS TO ASSIST THE BOARD IN DISCHARGING ITS RESPONSIBILITIES RELATING TO COMPENSATION OF THE CLUB'S EXECUTIVES AND TO OVERSEE AND ADVISE THE BOARD ON THE ADOPTION OF POLICIES THAT GOVERN THE CLUB'S COMPENSATION AND BENEFIT PROGRAMS. THE MEMBERSHIP OF THE COMMITTEE CONSISTS OF AT LEAST THREE BOARD MEMBERS AND MAY INCLUDE CLUB MEMBERS WITH RELEVANT PROFESSIONAL EXPERIENCE. THE COMMODORE AND BOARD APPOINT THE MEMBERS OF THE COMMITTEE AND THE CHAIRPERSON. THE BOARD MAY REMOVE ANY MEMBER FROM THE COMMITTEE AT ANY TIME WITH OR WITHOUT CAUSE. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE MANAGEMENT TEAM. THE COMMITTEE RECEIVES SALARY STUDIES EVERY OTHER YEAR PERFORMED BY CLUB MANAGERS ASSOCIATION OF AMERICA AND USES THE DATA TO REVIEW AND APPROVE THE COMPENSATION AND INCENTIVE PROGRAMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. THE FORM 990 CAN ALSO BE OBTAINED ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ANNAPOLIS YACHT CLUB FOUNDATION INC 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 21404 311721302 SUPPORT AND DEVELOP AMATEUR SAILORS FOR NATIONAL AND INT'L RACING. MD 501(C)(3) 7 ANNAPOLIS YACHT CLUB INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0