TY 2020 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) PETRA KEUHNIS......................................................................
DIRECTOR

1.00
.................

(2) TOM ROOP......................................................................
DIRECTOR

1.00
.................

(3) RICH CORE......................................................................
DIRECTOR

1.00
.................

(4) VERNE POWELL......................................................................
DIRECTOR

1.00
.................

(5) SAM BENDER......................................................................
DIRECTOR

1.00
.................

(6) DANIELLE HIGGINS......................................................................
DIRECTOR

1.00
.................

(7) LAURA BROWN......................................................................
TREASURER

4.00
.................

(8) KIM LOVELL MARIAN......................................................................
SECRETARY

4.00
.................

(9) MARK CLARK......................................................................
REAR COMMODORE

4.00
.................

(10) WILLIAM BABEL......................................................................
VICE COMMODORE

4.00
.................

(11) ROB LOVELL......................................................................
COMMODORE

4.00
.................

(12) ELIZABETH ZIMMERMAN......................................................................
PAST COMMODORE

4.00
.................

(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) Donor advised funds	(b) Funds and other accounts
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 ........


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 7/25/06, 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

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	46,481
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

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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

GRAND TRAVERSE YACHT CLUB

Employer identification number

38-1893397

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	150 FULL MEMBERSHIPS EXIST - 1 VOTE PER MEMBERSHIP; 150 SOCIAL MEMBERSHIPS EXIST - 1 AGGREGATED VOTE
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERSHIP VOTE TO ELECT BOARD MEMBERS AND OFFICERS OCCURS ANNUALLY (VOTING AS NOTED IN LINE #6 EXPLANATION)
FORM 990, PART VI, SECTION A, LINE 7B	GOVERNANCE DECISIONS OF THE ORGANIZATION ARE MADE IN ACCORDANCE WITH THE BYLAW PROVISIONS
FORM 990, PART VI, SECTION A, LINE 8B	MEETING MINUTES ARE RECORDED BY THE SECRETARY OR SUBSTITUTE AND APPROVED BY THE BOARD OF DIRECTORS
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 IS REVIEWED BY EACH BOARD MEMBER INDIVIDUALLY AND AT BOARD MEETING
FORM 990, PART VI, SECTION C, LINE 19	NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC
FORM 990, PART VIII, LINE 6A, GROSS RENTS:	THE RENTAL ACTIVITY REPORTED ON FORM 990 INVOLVES A REALTY RENTAL IN WHICH THE AVERAGE PERIOD OF CUSTOMER/TENANT USE IS MORE THAN 30 DAYS
FORM 990, PART IX, LINE 24E	DUES, FEES, SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 4,672. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,672. CLUB RACE EXPENSE - OTHER: PROGRAM SERVICE EXPENSES 3,318. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,318. MOORINGS AND STORAGE EXPENSE: PROGRAM SERVICE EXPENSES 3,018. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,018. COMMITTEE BOAT - SLIP RENTALS: PROGRAM SERVICE EXPENSES 2,917. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,917. COMMITTEE BOAT - GAS, REPAIRS, MAINT.: PROGRAM SERVICE EXPENSES 2,528. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,528. BAR, KITCHEN AND GENERAL SUPPLIES: PROGRAM SERVICE EXPENSES 2,511. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,511. MAIDEN DINNER EVENT EXPENSES: PROGRAM SERVICE EXPENSES 2,089. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,089. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 1,399. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,399. SPECIAL EVENTS AND MEETINGS EXPENSE: PROGRAM SERVICE EXPENSES 1,312. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,312. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 1,289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,289. HOUND DOG WEEKEND EVENT EXPENSES: PROGRAM SERVICE EXPENSES 1,173. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,173. SMALL EQUIPMENT AND IMPROVE.: PROGRAM SERVICE EXPENSES 948. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 948. CLUB RACE EXPENSE - AWARDS: PROGRAM SERVICE EXPENSES 755. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 755. LIQUOR LICENSE FEE: PROGRAM SERVICE EXPENSES 669. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 669. MELGES NA REGATTA EXPENSES: PROGRAM SERVICE EXPENSES 402. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 402. CLUB RACE COMMITTEE EXPENSES: PROGRAM SERVICE EXPENSES 383. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 383. MISCELLANEOUS EXPENSES: PROGRAM SERVICE EXPENSES 289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 289. RED 8 REGATTA EXPENSE: PROGRAM SERVICE EXPENSES 243. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 243. CASUAL LABOR (BAR): PROGRAM SERVICE EXPENSES 115. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115. STATE CORP. LIC RENEWAL: PROGRAM SERVICE EXPENSES 20. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: PROMOTION OF BOATING ON GRAND TRAVERSE BAY AND THE SURROUNDING AREA
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	10
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	8
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	12,912
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	415,151	269,354
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	11	8
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-19,089	18,453
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	396,073	287,815
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)	112,880	91,782
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	299,379	203,127
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	412,259	294,909
19	Revenue less expenses. Subtract line 18 from line 12.......	-16,186	-7,094
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,451,175	1,447,434
21	Total liabilities (Part X, line 26).............	765,681	769,034
22	Net assets or fund balances. Subtract line 21 from line 20.....	685,494	678,400

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 294,909 including grants of $ ) (Revenue $ )
	PROMOTION OF BOATING ON GRAND TRAVERSE BAY AND THE SURROUNDING AREA

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 expenses294,909

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
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:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	MEMBER DUES AND ASSESS	713910	136,375	136,375
b	MEMBER PROGRAM SERVICE	713910	132,979	132,979
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		269,354

3 Investment income (including dividends, interest, and othersimilar amounts) ......			8			8
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents		54,000	6a
b	Less: rental expenses		41,088	6b
c	Rental income or (loss)		12,912	6c
d	Net rental income or (loss).......			12,912		12,912
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	MISC GENERAL REVENUE		713910	5,475	5,475
b	DISCOUNTS EARNED (SALE		713910	66	66
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			5,541
12	Total revenue. See instructions.....			287,815	274,895	12,912	8

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. 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........	83,138	83,138
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	8,644	8,644
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
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 ....
13	Office expenses .......	185	185
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	53,800	53,800
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	5,054	5,054
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	24,198	24,198
23	Insurance ...	24,543	24,543
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	FOOD EXPENSE	24,324	24,324
b	BAR EXPENSE	20,191	20,191
c	BANK CHARGES AND CREDIT	15,272	15,272
d	MERCHANDISE EXPENSE	5,510	5,510
e	All other expenses	30,050	30,050
25	Total functional expenses. Add lines 1 through 24e	294,909	294,909	0	0
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 ........			799	1	799
2	Savings and temporary cash investments .........			4,993	2	31,273
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			101	4	4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			4,231	9	3,925
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,742,311
b	Less: accumulated depreciation	10b	330,878	1,441,051	10c	1,411,433
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 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			1,451,175	16	1,447,434

17	Accounts payable and accrued expenses .....		17
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	752,925	23	722,553
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	12,756	25	46,481
26	Total liabilities. Add lines 17 through 25..	765,681	26	769,034

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	685,494	27	678,400
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	685,494	32	678,400
33	Total liabilities and net assets/fund balances ........	1,451,175	33	1,447,434

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 .....	300,000	35,000		335,000
b	Buildings ....	485,215	905,727	329,592	1,061,350
c	Leasehold improvements
d	Equipment ....
e	Other .....		16,369	1,286	15,083
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					1,411,433

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

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
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
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)