2012-08-14T09:01:55-05:00 2011-12-31 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2011-01-01 520227500 THE ANNAPOLIS YACHT CLUB INC ANNA 4102639147 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 214040908 KRISTI ADKINS 4102639147 2012-08-13 1 LORI S BURGHAUSER P00370694 4104031500 2012-08-13 2011 2016-02-24 21:20:13Z KRISTI ADKINS 2 COMPROMISE STREET PO BOX 908 ANNAPOLIS MD 214040908 8957853 0 X WWW.ANNAPOLISYC.COM X 1937 MD SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS SUCH AS YACHTING AND DINING FACILITIES. 10 10 173 300 887121 608 2878605 0 469109 3608759 9405 1608 3505976 3655151 6863095 7265518 0 0 0 0 3466475 3806526 0 0 0 3120598 3058911 6587073 6865437 276022 400081 17296208 17986276 3357625 3647612 13938583 14338664 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 0 1 0 0 173 1 1 1 0 0 0 1 1 509463 1069716 0 X 10 10 0 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 21404 WILLIAM TORGERSON 1.00 X 0 0 0 KEVIN MCNEIL 1.00 X 0 0 0 ROD JABIN 1.00 X 0 0 0 JONATHAN BARTLETT 1.00 X 0 0 0 C EDWARD HARTMAN III 1.00 X 0 0 0 JIM ELLIS 1.00 X 0 0 0 PETER GORDON 1.00 X 0 0 0 HOWARD BROOKS 1.00 X 0 0 0 PREBEN OSTBERG 1.00 X 0 0 0 DAVE GALLITANO 1.00 X 0 0 0 BRIAN ASCH 40.00 X 202578 0 1583 NADINE ROCKWELL 40.00 X 133901 0 1067 KRISTI ADKINS 40.00 X 132610 0 507 TRACIE PARKINSON 40.00 X 122034 0 863 JAY KEHOE 40.00 X 117362 0 0 708485 0 4020 5 0 1 0 SYSCO PO BOX 1099 JESSUP MD 20794 FOOD DISTRIBUTOR 453849 KELLY & ASSOCIATES 301 INTERNATIONAL CIRCLE COCKEYSVILLE MD 21030 INSURANCE ADMINISTRATOR 403330 UNITED SHELLFISH COMPANY 407 KENT NARROWS GRASONVILLE MD 21638 FOOD DISTRIBUTOR 167806 RELIABLE CHURCHILL LLLP 761 ENERGY PARKWAY BALTIMORE MD 21226 WINE DISTRIBUTOR 155354 ADAMS BURCH 1901 STANFORD COURT LANDOVER MD 20785 KITCHEN SUPPLIES 151149 7 MEMBERSHIP DUES 713910 2966196 2966196 JUNIOR FLEET 713910 368231 368231 YACHT RACES 713910 274332 274332 3608759 1608 1608 99573 60495 39078 39078 39078 4071475 1631840 2439635 1625701 813934 BOATYARD/SLIP RENTAL 531120 537071 504571 32500 INITIATION FEE 713910 509463 509463 OTHER INCOME 713910 129904 129904 1176438 7265518 6378398 887120 0 204161 2664075 18455 634588 285247 11582 33690 7147 85368 485 1247783 58270 RACE EXPENSES 283555 COMMITTEE EXPENSES 243135 UTILITIES 235351 REPAIRS & MAINTENANCE 210887 641658 6865437 596585 170794 999653 2284882 3434015 3588563 141764 134365 334281 287607 21499583 9979518 11789910 11520065 17296208 17986276 293205 512791 3064420 3134821 3357625 3647612 X 13938583 14338664 13938583 14338664 17296208 17986276 400081 0 X X 0 1 1 X 0 6164449 6164449 278500 15041050 9979518 5340032 15584 15584 11520065 7265518 6865437 400081 400081 8957853 1692335 1692335 7265518 0 7265518 8557772 1692335 1692335 6865437 0 6865437 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND FINANCIAL STATEMENT REPORTING DISCLSURES. 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, 2011 AND 2010. THE CLUB REMAINS SUBJECT TO ROUTINE EXAMINATION BY THE IRS AND STATE AUTHORITIES FOR THE TAX YEARS 2008 THROUGH 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,631,840. RENTAL EXPENSE 60,495. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,631,840. RENTAL EXPENSE 60,495. X X X 0 0 0 BRIAN ASCH 166218 0 36360 0 0 0 1583 0 0 0 204161 0 0 0 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. 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 0 0 0 0 ANNAPOLIS YACHT CLUB FOUNDATION INC M ANNAPOLIS YACHT CLUB FOUNDATION INC N