2024-11-15T10:50:56-07:00 2023-12-31 990 2023-01-01 710536267 BEAVER LAKE SAILING CLUB INC BEAV 4798718444 P O Box 4345 Fayetteville AR 72702 Malcolm Williamson Treasurer 4797902748 2024-11-03 1 2023 2024-10-15 13:58:12Z Stanley H Collins PO Box 4345 Fayetteville AR 72702 74457 0 X beaverlakesailclub.com X 1979 AR Provide recreational sailing facilities for approximately 300 members. This includes boat launch, mooring/docking, picnic shelter and clubhouse facilities. 7 7 0 125 0 0 0 0 118496 73660 0 105 2045 692 120541 74457 400 500 0 0 0 0 0 0 0 97671 110685 98071 111185 22470 -36728 905018 1110495 0 0 905018 1110495 Provide recreational sailing facilities for approximately 300 members. This includes boat launch, mooring/docking, picnic shelter and clubhouse facilities. 0 0 Provide recreational sailing facilities for approximately 300 members. This includes boat launch, mooring/docking, picnic shelter and clubhouse facilities. Spring, Fall, Y-Flyer & Arkansas Cup Club races were held as well as two Regattas. A number of social sailing events were held which benefited the vast majority of Club members. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 3825 0 0 0 0 X 7 7 0 0 1 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 AR X Malcolm Williamson 4797902748 P O Box 4345 Fayetteville AR 72702 X Ray Fletcher Director 8 X 0 0 0 Deanne Mayer Director 4 X 0 0 0 Frans Schimper Immediate Past Commodore 1 X 0 0 0 Stan Collins Commodore 8 X 0 0 0 Kelly Arnold Rear Commodore 4 X 0 0 0 Kyle Flynn Vice Commodore 2 X 0 0 0 Malcolm Williamson Treasurer 3 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Membership dues and fees 713990 73660 73660 0 0 0 0 0 0 73660 0 0 0 105 0 0 0 105 105 105 0 0 0 692 0 692 692 0 0 0 74457 74457 0 0 X 500 0 0 0 0 0 0 0 0 0 12740 244 262 46535 Race Committee Boat updates 965 Dock 1 re-decking 36072 Racing and events 11158 Refunds for dues and slip fees 1055 1654 111185 0 0 0 88518 51790 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1058705 0 816500 1058705 0 0 0 0 0 0 0 0 0 0 905018 1110495 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 88518 51790 816500 1058705 0 0 905018 1110495 905018 1110495 X -36728 0 0 0 0 242205 X 0 0 0 413940 0 413940 244630 0 0 244630 0 0 0 0 57975 0 0 57975 342160 0 0 342160 1058705 Schedule D, Part VI, Line 1a 2023 FMV is based on Benton County, Arkansas Real & Personal Property Appraisals as listed at the time of filing. Appraisal for land has increased by $188,240. Schedule D, Part VI, Line 1b 2023 FMV is based on Benton County, Arkansas Real & Personal Property Appraisals as listed at the time of filing. Appraisal for buildings has increased by $58,330. Schedule D, Part VI, Line 1d 2023 FMV is based on Benton County, Arkansas Real & Personal Property Appraisals as listed at the time of filing. Appraisal for equipment has decreased by $4,375. Schedule D, Part VI, Line 1e 2023 FMV is based on Benton County, Arkansas Real & Personal Property Appraisals as listed at the time of filing. Appraisal for other (docks) has increased by $10. Form 990, Part VI, Section A, Line 4 Several changes were made to the Club's Bylaws, passed by membership vote in September, 2023. Under Article VI, Officers, this included (1) creation of the role of Harbor Master as an officer position with dedicated committees tied to Waterfront and Grounds upkeep, and (2) clarification of the line of succession regarding the Rear Commodore if the Commodore role is vacant. Under Article VII, Board of Directors, this included (1) addition of another Member at Large director, (2) the creation of two-year terms to improve effectiveness of directors, and (3) the creation of a rotation election cycle to prevent turnover of the entire board each election cycle. Under Article VII, Elections, the elected term was defined as two years. Finally, under Article X, Standing Committees, (1) a new Long Term Planning Committee was established, to help prioritize needs and plan for future needs, and (2) the Harbor Master was established as the chairperson of the House and Grounds Committee and the Waterfront Committee. Form 990, Part VI, Section A, Line 6 The organization has members as defined in its bylaws. Form 990, Part VI, Section A, Line 7a Members elect the governing body annually according to the procedure documented in its bylaws. Form 990, Part VI, Section B, Line 11b A copy of the completed Form 990 is given to each member of the governing body for review and approval prior to its submission to the IRS. Form 990, Part VI, Section C, Line 19 Governing documents and financial statements are available to Club members and to the public upon request. The Club does not have a conflict of interest policy. Form 990, Part IX, Line 11g Payment to independent contractor for cleaning ($3900) and two other independent contractors ($2440 and $6400) for dock surveillance and adjustment. Form 990, Part XI, Line 9 2023 FMV is based on Benton County, Arkansas Real & Personal Property Appraisals as listed at time of filing. Appraisal for Land increased by $188,240; appraisal for Buildings has increased by $58,330; appraisal for Equipment has decreased by $4,375; appraisal for Other (docks) has increased by $10. Total increased appraisal amount was $242,205.