TY 2015 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) SUSAN WARREN......................................................................
COMMODORE

25.00
.................

(2) HENRY SCHLECKSER......................................................................
VICE COMMODORE

25.00
.................

(3) RANDAL SWARTLEY......................................................................
REAR COMMODORE

25.00
.................

(4) JAMES BISHOP......................................................................
Treasurer

15.00
.................

(5) EILEEN CORE......................................................................
Secretary

5.00
.................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

SURF CITY YACHT CLUB

Employer identification number

22-6017542

Return Reference	Explanation
Form 990, Part VI, Section A, line 6	Line 6 explanation - OPEN MEMBERSHIP FOR YACHTING ENTHUSIASTS
Form 990, Part VI, Section A, line 7a	Line 7A explanation - GENERAL VOTING BY MEMBERS
Form 990, Part VI, Section A, line 7b	GENERAL VOTING BY MEMBERS
Form 990, Part VI, Section A, line 8b	MEETINGS WERE ONLY HELD WITH THE GOVERNING BODY.
Form 990, Part VI, Section B, line 11	Line 11a explanation - GENERAL BOARD REVIEWS THE TAX RETURNS PRIOR TO FILING, OPEN TO MEMBERSHIP INSPECTION
Form 990, Part VI, Section B, line 12c	THE ORGANIZATIONS MONITORS THEIR CONFLICT OF INTEREST POLICY DAILY.
Form 990, Part VI, Section C, line 19	NO DOCUMENTS AVILABLE TO THE PUBLIC.
Form 990, Part IX, line 24e	UTILITIES: Program service expenses 12,093. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,093. SOCIAL EVENTS COSTS: Program service expenses 11,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,050. GOLF OUTING COSTS: Program service expenses 8,808. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,808. COMMISSIONING: Program service expenses 5,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,000. SUPPLIES - CLUB: Program service expenses 4,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,337. YEARBOOK COSTS: Program service expenses 2,652. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,652. DUES & DONATIONS: Program service expenses 0. Management and general expenses 0. Fundraising expenses 2,640. Total expenses 2,640. MISCELLANEOUS: Program service expenses 2,553. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,553. RIPARIAN RIGHTS: Program service expenses 0. Management and general expenses 2,353. Fundraising expenses 0. Total expenses 2,353. JUNIOR COSTS: Program service expenses 2,169. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,169. WALK OF HONOR : Program service expenses 0. Management and general expenses 0. Fundraising expenses 96. Total expenses 96. RACE COMMITTEE: Program service expenses -20. Management and general expenses 0. Fundraising expenses 0. Total expenses -20. INCOME TAX: Program service expenses -1,304. Management and general expenses 0. Fundraising expenses 0. Total expenses -1,304.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: OUR MISSION IS TO OFFER OUR MEMBERS AND THE COMMUNITY AN OPPORTUNITY TO ENJOY SAILING. FURTHER WE OFFER BOATING ALONG THE ATLANTIC OCEAN AND INLETS. WE PRIMARILY ACHIEVE OUR MISSION BY PROVIDING INSTRUCTIONAL CLASSES FOR MEMBERS AND OUR COMMUNITY ALONG WITH PROVIDING BOAT SLIPS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	160
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	125
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	30
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	21,450
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	14,015

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	177,924	207,028
9	Program service revenue (Part VIII, line 2g) .........	216,021	243,859
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	3,301	22,541
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	397,248	473,428
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	157,764	164,439
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 7,221
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	268,468	277,823
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	426,232	442,262
19	Revenue less expenses. Subtract line 18 from line 12.......	-28,984	31,166
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	238,764	270,565
21	Total liabilities (Part X, line 26).............	359,662	360,297
22	Net assets or fund balances. Subtract line 21 from line 20.....	-120,898	-89,732

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 258,634 including grants of $ ) (Revenue $ )
	OUR MISSION AS A 501(C))7) SOCIAL CLUB IS TO:1. PROMOTE THE BENEFITS OF SAILING THROUGHOUT OUR LOCAL COMMUNITY.2, PROMOTE BOATING ALONG THE ATLANTIC OCEAN.3. PROTECT AND EDUCATE THE COMMUNITY ON THE BENEFITS OF SAFE SAILING. 4. TO PROVIDE OUR MEMBERS AND THE COMMUNITY DOCKS FOR SALING IN OUR COMMUNITY.5. PROVIDE SOCIAL ACTIVITIES FOR THE SAILING COMMUNITY.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses258,634

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b	207,028
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......		207,028

		Business Code
2a	WATER FRONT TUITION	611710	99,193	99,193
b	DOCKAGE REVENUES	900002	73,177	73,177
c	REGATTA ACTIVITY	713990	31,830	31,830
d	SOCIAL EVENTS - MEMBER	713990	19,065	19,065
e	GOLF OUTINGS	713990	9,140	9,140
f	All other program service revenue.			11,454	11,454
g Total.Add lines 2a–2f.....			243,859

3 Investment income (including dividends, interest, and othersimilar amounts) ..........
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a		3,555
b	Less: cost of goods sold ..b		2,464
c	Net income or (loss) from sales of inventory..			1,091			1,091
Business Code			Miscellaneous Revenue
11a	NON-MEMBER GUEST FEES		713990	21,450		21,450
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			21,450
12	Total revenue. See Instructions......			473,428	243,859	21,450	1,091

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	151,801		151,801
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	12,638		12,638
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	2,459		2,459
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	4,485			4,485
13	Office expenses .......	3,522		3,522
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	18,143	18,143
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	3,634		3,634
23	Insurance ...	51,994	51,994
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	REAL ESTATE TAXES	70,820	70,820
b	REPAIRS & MAINTENANCE	43,888	43,888
c	EQUIPMENT	13,438	13,438
d	REGATTA COSTS	13,013	13,013
e	All other expenses	52,427	47,338	2,353	2,736
25	Total functional expenses. Add lines 1 through 24e	442,262	258,634	176,407	7,221
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			76,217	1	110,949
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........			8,157	8	8,861
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	816,136
b	Less: accumulated depreciation	10b	665,381	154,389	10c	150,755
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			1	15	0
16	Total assets. Add lines 1 through 15 (must equal line 34)...			238,764	16	270,565

17	Accounts payable and accrued expenses .....	2,175	17	10,202
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..	344,136	23	336,494
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D	13,351	25	13,601
26	Total liabilities. Add lines 17 through 25..	359,662	26	360,297

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	-120,898	27	-89,732
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	-120,898	33	-89,732
34	Total liabilities and net assets/fund balances ........	238,764	34	270,565

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land ...	90,000		90,000
b	Buildings	638,442	638,442	0
c	Leasehold improvements
d	Equipment ...	33,769	6,824	26,945
e	Other ...	53,925	20,115	33,810
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				150,755

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
MEMBERSHIP BONDS	13,601
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	13,601
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII