TY 2021 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
TYLER YACHT CLUB

Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 130906
Room/suite

City or town, state or province, country, and ZIP or foreign postal code TYLER, TX75713

D Employer identification number

75-2294170

E Telephone number

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? PROMOTE AMATEUR SAILING
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 PROMOTE AMATEUR SAILING (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 STORAGE AND CLUB FACILITIES WERE PROVIDED FOR MEMBER'S USE. APPROXIMATELY 30 BOATS WERE MOORED IN THE WATER AND 30 BOATS STORED ON LAND. (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 SAILING REGATTA/RACES: TWO REGATTAS WERE HELD WITH APPROXIMATELY 35 PARTICIPANTS AND VOLUNTEER HELPERS. WEEKLY RACES WERE HELD THROUGHOUT THE YEAR, WEATHER PERMITTING. (Grants $ ) If this amount includes foreign grants, check here ...		30a
SOCIAL/RECREATIONAL EVENTS: SOCIAL EVENTS WERE HELD ON A MONTHLY BASIS FOR THE 75 FAMILY MEMBERSHIPS. (Grants $ ) If this amount includes foreign grants, check here ...
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
BILL SMIALEK REAR COMMODORE	2.00	0
ANN HORICK COMMODORE	3.00	0
JOHN SPRINGER Treasurer	5.00	0
ANITA PAULSSEN Secretary	1.00	0
ANN BUTLER MEMBERSHIP	1.00	0

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I

40b

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Expenses.1009	Depreciation $4532
Other Expenses.1	INSURANCE $7571
Other Expenses.2	SOCIAL EVENT EXPENSE $6991
Other Expenses.3	REGATTA EXPENSE $5533
Other Expenses.5	FLEET EXPENSE $1169
Other Expenses.6	DUES & SUBSCRIPTIONS $475
Other Assets.1003	Machinery and Equipment - Beginning $4356 Machinery and Equipment - Ending $3761
Other Assets.1004	Miscellaneous - Beginning $1702 Miscellaneous - Ending $1806
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $1105 Accounts Payable and Accrued Expenses - Ending $928

Return Reference

Explanation

Other Expenses.1009

Depreciation $4532

Other Expenses.1

INSURANCE $7571

Other Expenses.2

SOCIAL EVENT EXPENSE $6991

Other Expenses.3

REGATTA EXPENSE $5533

Other Expenses.5

FLEET EXPENSE $1169

Other Expenses.6

DUES & SUBSCRIPTIONS $475

Other Assets.1003

Machinery and Equipment - Beginning $4356 Machinery and Equipment - Ending $3761

Other Assets.1004

Miscellaneous - Beginning $1702 Miscellaneous - Ending $1806

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1105 Accounts Payable and Accrued Expenses - Ending $928

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	54,196
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	54,196

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	2,625
14	Occupancy, rent, utilities, and maintenance ...................	14	43,122
15	Printing, publications, postage, and shipping ...................	15	1,335
16	Other expenses (describe in Schedule O) ...................	16	26,271
17	Total expenses. Add lines 10 through 16 .................	17	73,353

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-19,157
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	114,684
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20	1,201
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	96,728

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