Civic Intelligence

Biscayne Bay Yacht Club Inc

EIN 59-0165090 • 501(c)7 • Miami, FL

Profile

The purposes are the encouragement, improvement and the enjoyment of sailing as a sport and the enjoyment by its members of social contact, entertainment and good fellowship.

2540 South Bayshore DriveMiami, FL 33133

biscaynebayyachtclub.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.14x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

38th percentile

0.50x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

43rd percentile

$215,145

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Asset Growth

66th percentile

8.0%

Faster asset growth than 66% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

57th percentile

8.2%

Faster revenue growth than 57% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$11,442,227

Up $846,684 (+8.0%) from 2024

Liabilities

Up

$1,634,552

Up $235,316 (+17%) from 2024

Net Assets

Up

$9,807,675

Up $611,368 (+6.6%) from 2024

Revenue

Up

$3,299,069

Up $250,945 (+8.2%) from 2024

Expenses

Up

$2,819,920

Up $150,270 (+5.6%) from 2024

Net Income

Up

$479,149

Up $100,675 (+27%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2012: $6,492,236Liabilities 2012: $1,098,359Net Assets 2012: $5,393,8772012Assets 2013: $6,899,288Liabilities 2013: $1,134,923Net Assets 2013: $5,764,3652013Assets 2014: $6,903,247Liabilities 2014: $646,918Net Assets 2014: $6,256,3292014Assets 2015: $7,191,491Liabilities 2015: $661,801Net Assets 2015: $6,529,6902015Assets 2016: $7,452,410Liabilities 2016: $751,549Net Assets 2016: $6,700,8612016Assets 2017: $7,784,933Liabilities 2017: $760,521Net Assets 2017: $7,024,4122017Assets 2018: $8,335,303Liabilities 2018: $1,057,236Net Assets 2018: $7,278,0672018Assets 2019: $8,029,808Liabilities 2019: $764,777Net Assets 2019: $7,265,0312019Assets 2020: $8,304,047Liabilities 2020: $1,017,210Net Assets 2020: $7,286,8372020Assets 2021: $8,847,464Liabilities 2021: $772,663Net Assets 2021: $8,074,8012021Assets 2022: $9,181,078Liabilities 2022: $1,087,632Net Assets 2022: $8,093,4462022Assets 2023: $9,666,369Liabilities 2023: $1,200,269Net Assets 2023: $8,466,1002023Assets 2024: $10,595,543Liabilities 2024: $1,399,236Net Assets 2024: $9,196,3072024Assets 2025: $11,442,227Liabilities 2025: $1,634,552Net Assets 2025: $9,807,6752025

Highlighted filing

2025

Assets$11,442,227
Liabilities$1,634,552
Net Assets$9,807,675

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2012: $1,404,730Expenses 2012: $1,108,137Net Income 2012: $296,5932012Revenue 2013: $1,549,073Expenses 2013: $1,206,052Net Income 2013: $343,0212013Revenue 2014: $1,679,164Expenses 2014: $1,202,598Net Income 2014: $476,5662014Revenue 2015: $1,674,868Expenses 2015: $1,400,616Net Income 2015: $274,2522015Revenue 2016: $1,652,123Expenses 2016: $1,452,884Net Income 2016: $199,2392016Revenue 2017: $1,759,286Expenses 2017: $1,515,646Net Income 2017: $243,6402017Revenue 2018: $2,005,117Expenses 2018: $1,768,710Net Income 2018: $236,4072018Revenue 2019: $1,902,076Expenses 2019: $1,886,432Net Income 2019: $15,6442019Revenue 2020: $1,804,211Expenses 2020: $1,683,276Net Income 2020: $120,9352020Revenue 2021: $2,033,965Expenses 2021: $1,676,691Net Income 2021: $357,2742021Revenue 2022: $2,457,875Expenses 2022: $2,089,384Net Income 2022: $368,4912022Revenue 2023: $2,840,719Expenses 2023: $2,442,970Net Income 2023: $397,7492023Revenue 2024: $3,048,124Expenses 2024: $2,669,650Net Income 2024: $378,4742024Revenue 2025: $3,299,069Expenses 2025: $2,819,920Net Income 2025: $479,1492025

Highlighted filing

2025

Revenue$3,299,069
Expenses$2,819,920
Net Income$479,149

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.4$1.63$9.81$3.30$2.82$0.48
2024Detailed filing. Detailed filing data is available for this year.$10.6$1.40$9.20$3.05$2.67$0.38
2023Detailed filing. Detailed filing data is available for this year.$9.67$1.20$8.47$2.84$2.44$0.40
2022Detailed filing. Detailed filing data is available for this year.$9.18$1.09$8.09$2.46$2.09$0.37
2021Detailed filing. Detailed filing data is available for this year.$8.85$0.77$8.07$2.03$1.68$0.36
2020Detailed filing. Detailed filing data is available for this year.$8.30$1.02$7.29$1.80$1.68$0.12
2019Detailed filing. Detailed filing data is available for this year.$8.03$0.76$7.27$1.90$1.89$0.02
2018Detailed filing. Detailed filing data is available for this year.$8.34$1.06$7.28$2.01$1.77$0.24
2017Detailed filing. Detailed filing data is available for this year.$7.78$0.76$7.02$1.76$1.52$0.24
2016Detailed filing. Detailed filing data is available for this year.$7.45$0.75$6.70$1.65$1.45$0.20
2015Detailed filing. Detailed filing data is available for this year.$7.19$0.66$6.53$1.67$1.40$0.27
2014Detailed filing. Detailed filing data is available for this year.$6.90$0.65$6.26$1.68$1.20$0.48
2013Summary only. Only limited summary data is available for this year.$6.90$1.13$5.76$1.55$1.21$0.34
2012Summary only. Only limited summary data is available for this year.$6.49$1.10$5.39$1.40$1.11$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Mar 2, 2026
Return Version
2024v5.5
Gross Receipts
$3,777,741
Mission and Program Overview

Mission

The purposes are the encouragement, improvement and the enjoyment of sailing as a sport and the enjoyment by its members of social contact, entertainment and good fellowship.

Encouragement,improvement and enjoyment of sailing & enjoyment of social contact & entertainment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,518,078$5,027,138▲ $509,060
Land, Buildings, and Equipment, Net$4,579,117$4,541,577▼ $37,540
Cash and Non-Interest-Bearing Accounts$1,056,307$1,362,116▲ $305,809
Accounts Receivable$274,531$337,926▲ $63,395
Prepaid Expenses and Deferred Charges$82,080$94,948▲ $12,868
Inventories for Sale or Use$78,351$73,419▼ $4,932
Savings and Temporary Cash Investments$5,098$5,103▲ $5
Total Assets$10,595,543$11,442,227▲ $846,684
Other Assets Total$1,981$0▼ $1,981
Liabilities
Deferred Revenue$1,161,735$1,336,735▲ $175,000
Accounts Payable and Accrued Expenses$153,351$165,817▲ $12,466
Other Liabilities$84,150$132,000▲ $47,850
Total Liabilities$1,399,236$1,634,552▲ $235,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,196,307$9,807,675▲ $611,368
Total Net Assets Fund Balance$9,196,307$9,807,675▲ $611,368
Total Liabilities and Net Assets / Fund Balance$10,595,543$11,442,227▲ $846,684

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,233,248$1,470,300$3,703,548
Buildings$1,399,679$1,224,364$2,624,043
Equipment$252,407$563,359$815,766
Land$656,243-$656,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Neal ChandaGeneral ManagerFT$170,059$45,086$215,145

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,242,667
Investment Income
$276,846
Other Revenue
$779,556
Change in Net Assets
$479,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,672,108
Salaries, Compensation, and Employee Benefits$1,147,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$727,907
Occupancy---$460,023
Insurance---$268,529
Depreciation Depletion---$229,576
Current Officers, Directors, Trustees, and Key Employees---$226,492
Fees for Services Accounting---$152,358
Fees for Services Other---$152,180
Other Employee Benefits---$124,774
Payroll Taxes---$68,639
Other Expenses---$62,527
Total Functional Expenses$0$0$0$2,819,920
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Income Tax Liability$132,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a not-for-profit, member-owned private club. Membership is composed of approximately 370 ex-officio, honorary, senior, junior, and flag members. Senior members enjoy all the privileges of the club and may vote at membership meetings. Junior and flag members may enjoy the facilities and serve on committees of the club, but they do not vote or hold office in the club.

Form 990, Part VI, Section A, Line 7A

Senior members comprise the only class of membership entitled to vote at meetings of the club membership and to hold office in the club.

Form 990, Part VI, Section A, Line 7B

Amendments to the club constitution or by-laws requires a majority vote of a quorum of the membership present at the membership meeting.

Form 990, Part VI, Section B, Line 11B

The club does not believe it is effective nor efficient for the entire governing board to review form 990 before filing. Thus, while every member of the board receives a copy of the return prior to filing, the governing board delegates the review of form 990 and related schedules to the commodore, treasurer and general manager. The commodore, treasurer and general manager review the entire form 990 with the club's outside cpa prior to filing the form with the internal revenue service.

Form 990, Part VI, Section B, Line 15A

The board of governors uses salary information from comparable social clubs in the local community during its performance reviews of the general manager; compensation amounts are determined accordingly.

Form 990, Part VI, Section C, Line 18

The club's 990 is available upon request.

Form 990, Part VI, Section C, Line 19

The club's governing documents and financial statements are available for inspection at the club.

Filing and Contact Details

Filer

Filer Name
Biscayne Bay Yacht Club Inc
EIN
59-0165090
Phone
3058586303
Address
2540 SOUTH BAYSHORE DRIVE, MIAMI, FL 33133

Signing Officer

Name
Tait Keon
Title
Treasurer
Phone
3058586303
Signed
2026-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tait Keon
Formed
1887
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
20
Employees
17
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
3300 PGA BOULEVARD SUITE 700, PALM BEACH GARDENS, FL 33410
Preparer
Joseph Risse CPA
Phone
5614270300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The club has an audit committee responsible for investigating the financial condition of the club. In prior years, the committee performed an internal inspection and reported to the board. For the fiscal year ended april 30, 2017 and forward, the committee hired an independent accountant to perform a review of the financial statements.

Financial Statement Notes

PART X, LINE 2:

The club utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. As of april 30, 2025, the club has no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

Raw XML AppendixShowing 400 of 482 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0COMMODORE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE COMMODORE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4REAR COMMODORE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20GENERAL MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01887
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03777741
IRS990/GrossReceiptsForPublicUseAmt0378580
IRS990/GrossSalesOfInventoryAmt01230642
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InitiationFeesAndCapContriAmt0226445
IRS990/InsuranceGrp/TotalAmt0268529
IRS990/InventoriesForSaleOrUseGrp/BOYAmt078351
IRS990/InventoriesForSaleOrUseGrp/EOYAmt073419
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0276846
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0276846
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04518078
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05027138
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03258023
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04579117
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04541577
IRS990/LandBldgEquipCostOrOtherBssAmt07799600
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSES ARE THE ENCOURAGEMENT, IMPROVEMENT AND THE ENJOYMENT OF SAILING AS A SPORT AND THE ENJOYMENT BY ITS MEMBERS OF SOCIAL CONTACT, ENTERTAINMENT AND GOOD FELLOWSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09196307
IRS990/NetAssetsOrFundBalancesEOYAmt09807675
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0545426
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0751970
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0206544
IRS990/NetUnrelatedBusTxblIncmAmt0288019
IRS990/NetUnrlzdGainsLossesInvstAmt0132219
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09196307
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09807675
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt0460023
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01981
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0124774
IRS990/OtherExpensesGrp/Desc0YACHTING AND CLUB ACTIV
IRS990/OtherExpensesGrp/Desc1INCOME TAXES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt0156726
IRS990/OtherExpensesGrp/TotalAmt1121636
IRS990/OtherExpensesGrp/TotalAmt268553
IRS990/OtherExpensesGrp/TotalAmt362527
IRS990/OtherLiabilitiesGrp/BOYAmt084150
IRS990/OtherLiabilitiesGrp/EOYAmt0132000
IRS990/OtherRevenueMiscGrp/BusinessCd0713910
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt027586
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027586
IRS990/OtherRevenueTotalAmt027586
IRS990/OtherSalariesAndWagesGrp/TotalAmt0727907
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt068639
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082080
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt094948
IRS990/PrincipalOfficerNm0TAIT KEON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1DOCKS AND HARBOR
IRS990/ProgramServiceRevenueGrp/Desc2YACHT AND CLUB ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01296270
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1789896
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2124013
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01296270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1822384
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2124013
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt032488
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0136420
IRS990/PYOtherExpensesAmt01623033
IRS990/PYOtherRevenueAmt0775450
IRS990/PYProgramServiceRevenueAmt02136254
IRS990/PYRevenuesLessExpensesAmt0378474
IRS990/PYSalariesCompEmpBnftPaidAmt01046617
IRS990/PYTotalExpensesAmt02669650
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03048124
IRS990/ReconcilationRevenueExpnssAmt0479149
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05098
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05103
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01399679
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01224364
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02624043
IRS990ScheduleD/EquipmentGrp/BookValueAmt0252407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0563359
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0815766
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0656243
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0656243
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02233248
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01470300
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03703548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0132000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INCOME TAX LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. AS OF APRIL 30, 2025, THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04541577
IRS990ScheduleD/TotalLiabilityAmt0132000
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170059
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount033162
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05966
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05958
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NEAL CHANDA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0215145
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT, MEMBER-OWNED PRIVATE CLUB. MEMBERSHIP IS COMPOSED OF APPROXIMATELY 370 EX-OFFICIO, HONORARY, SENIOR, JUNIOR, AND FLAG MEMBERS. SENIOR MEMBERS ENJOY ALL THE PRIVILEGES OF THE CLUB AND MAY VOTE AT MEMBERSHIP MEETINGS. JUNIOR AND FLAG MEMBERS MAY ENJOY THE FACILITIES AND SERVE ON COMMITTEES OF THE CLUB, BUT THEY DO NOT VOTE OR HOLD OFFICE IN THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SENIOR MEMBERS COMPRISE THE ONLY CLASS OF MEMBERSHIP ENTITLED TO VOTE AT MEETINGS OF THE CLUB MEMBERSHIP AND TO HOLD OFFICE IN THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMENDMENTS TO THE CLUB CONSTITUTION OR BY-LAWS REQUIRES A MAJORITY VOTE OF A QUORUM OF THE MEMBERSHIP PRESENT AT THE MEMBERSHIP MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CLUB DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, WHILE EVERY MEMBER OF THE BOARD RECEIVES A COPY OF THE RETURN PRIOR TO FILING, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND RELATED SCHEDULES TO THE COMMODORE, TREASURER AND GENERAL MANAGER. THE COMMODORE, TREASURER AND GENERAL MANAGER REVIEW THE ENTIRE FORM 990 WITH THE CLUB'S OUTSIDE CPA PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF GOVERNORS USES SALARY INFORMATION FROM COMPARABLE SOCIAL CLUBS IN THE LOCAL COMMUNITY DURING ITS PERFORMANCE REVIEWS OF THE GENERAL MANAGER; COMPENSATION AMOUNTS ARE DETERMINED ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CLUB'S 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CLUB'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CLUB HAS AN AUDIT COMMITTEE RESPONSIBLE FOR INVESTIGATING THE FINANCIAL CONDITION OF THE CLUB. IN PRIOR YEARS, THE COMMITTEE PERFORMED AN INTERNAL INSPECTION AND REPORTED TO THE BOARD. FOR THE FISCAL YEAR ENDED APRIL 30, 2017 AND FORWARD, THE COMMITTEE HIRED AN INDEPENDENT ACCOUNTANT TO PERFORM A REVIEW OF THE FINANCIAL STATEMENTS.

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