2025-09-15T11:56:01-05:00 2024-10-31 994625061 CRI ADVISORS LLC 33 SW FLAGLER AVENUE STUART FL 34994 990 2023-11-01 590432073 THE SAILFISH CLUB OF FLORIDA INC SAIL 5618440206 1338 NORTH LAKE WAY PALM BEACH FL 33480 JOSEPH S SAMBUCO TREASURER 5618440206 2025-09-11 1 0 JOSEPH RISSE CPA P00708318 7722832356 2025-09-11 2023 2025-03-06 01:10:19Z JOSEPH S SAMBUCO 1338 NORTH LAKE WAY PALM BEACH FL 33480 14294205 0 X SAILFISHCLUB.COM X 1960 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 151 0 797260 342506 0 0 7456164 8285362 170702 -163556 3306182 3580233 10933048 11702039 0 0 0 0 7770684 8015950 0 0 0 4650172 5157527 12420856 13173477 -1487808 -1471438 25264456 29057025 5654846 7003982 19609610 22053043 THE SAILFISH CLUB OF FLORIDA, INC., IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDES FOOD, BEVERAGE, DOCK, SWIMMING POOL AND CABANA FACILITIES AND SERVICES TO APPROXIMATELY 550 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 26 0 1 151 1 1 1 0 0 0 1 1 0 678530 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 X CHRISTINE RIGG 5618440206 1338 NORTH LAKE WAY PALM BEACH FL 33480 SCOTT A JOHNSON PAST PRESIDENT 2.00 X X 0 0 0 PATRICK KOENIG PRESIDENT 2.00 X X 0 0 0 DAVID G LAMBERT VICE PRESIDENT 2.00 X X 0 0 0 J GRIER PRESSLEY II SECRETARY 2.00 X X 0 0 0 JOSEPH S SAMBUCO TREASURER 2.00 X X 0 0 0 HUGH C DAVIS III DIRECTOR 1.00 X 0 0 0 L BENTON ALEXANDER JR DIRECTOR 1.00 X 0 0 0 RAY C CELEDINAS DIRECTOR 1.00 X 0 0 0 BRIAN T KIRKPATRICK DIRECTOR 1.00 X 0 0 0 SERENA WILSON DIRECTOR 1.00 X 0 0 0 GREGORY W COLEMEN DIRECTOR 1.00 X 0 0 0 MILLIE C DAYTON DIRECTOR 1.00 X 0 0 0 WINSTON D WREN DIRECTOR 1.00 X 0 0 0 HUNTER B BEALL DIRECTOR 1.00 X 0 0 0 GAIL CONIGLIO DIRECTOR 1.00 X 0 0 0 RYAN G BARRY GENERAL MANAGER 40.00 X 354582 0 49541 CHRISTINE RIGG DIRECTOR OF FINANCE 40.00 X 140769 0 36418 JAMES CASSIDY EXEC. CHEF 40.00 X 220434 0 41032 AGNES HORVATH BANQUET MANAGER 40.00 X 120136 0 18760 SHAWN A SUMNER ASSISTANT GENERAL MANAGER 40.00 X 173700 0 38113 NELSON VEIGA WINE & BEVERAGE MANAGER 40.00 X 151064 0 21754 NICHOLAS J WATKINS CONTROLLER 40.00 X 130519 0 33740 ALEXIS RIVERO FITNESS CENTER MANAGER 40.00 X 133133 0 6897 1424337 0 246255 8 0 1 0 RICH MOORE ROOFING LLC 101 ROSEMONT CT LAKE WORTH FL 33462 CONSTRUCTION SERVICES 189930 ANDERSON MOORE CONSTRUCTION 1568 WATERTOWER ROAD LAKE PARK FL 33403 CONSTRUCTION SERVICES 166323 I & O INTERNATIONAL LLC 4201 WESTGATE AVE WEST PALM BEACH FL 33409 CORPORATE HOUSING SERVICES 124716 ATLANTIC REFRIGERATION CORP 1255 NW 17TH AVE STE 1 DELRAY BEACH FL 33445 AIR CONDITIONING CONTRACTOR 108251 CCTV AGENT 9100 BELEVEDERE RD STE 112 ROYAL PALM BEACH FL 33411 SECURITY SYSTEM SUPPLIER 106954 5 MEMBERSHIP DUES 713910 6444246 6444246 DOCK FEES 713910 1663072 1663072 ACTIVITIES 713910 178044 178044 8285362 370712 370712 534268 -534268 -534268 -534268 5541446 2057898 3483548 3057000 426548 MISCELLANEOUS 713910 96685 96685 96685 11702039 11439047 797260 -534268 1317866 4910752 446126 812623 528583 126464 86106 802868 1576355 761643 RESTAURANT, BAR, DOCK 823944 CLUB ACTIVITIES 635750 ADMINISTRATIVE & GENERA 344397 13173477 7985455 12215670 356959 423748 427294 398794 776052 854462 27933641 13182436 15654886 14751205 63810 413146 25264456 29057025 1034599 1198791 4560878 5395836 59369 409355 5654846 7003982 X 19609610 22053043 19609610 22053043 25264456 29057025 X -1471438 3914871 X X 0 1 X 1 0 171683 171683 20827374 9678157 11149217 544030 132768 411262 5135959 2790109 2345850 1254595 581402 673193 14751205 LEASE OBLIGATIONS 409355 409355 X 14294205 0 14294205 -2592166 -2592166 11702039 15765643 2592166 2592166 13173477 0 13173477 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 DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF OCTOBER 31, 2024, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,057,898. LOSS ON PROPERTY AND EQUIPMENT -534,268. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,057,898. LOSS ON PROPERTY AND EQUIPMENT 534,268. X X X X 0 0 0 RYAN G BARRY GENERAL MANAGER 290082 0 64500 0 0 0 0 0 49541 0 404123 0 0 0 JAMES CASSIDY EXEC. CHEF 192434 0 28000 0 0 0 0 0 41032 0 261466 0 0 0 SHAWN A SUMNER ASSISTANT GENERAL MANAGER 156200 0 17500 0 0 0 0 0 38113 0 211813 0 0 0 CHRISTINE RIGG DIRECTOR OF FINANCE 120769 0 20000 0 0 0 0 0 36418 0 177187 0 0 0 NELSON VEIGA WINE & BEVERAGE MANAGER 145864 0 5200 0 0 0 0 0 21754 0 172818 0 0 0 NICHOLAS J WATKINS CONTROLLER 110769 0 19750 0 0 0 0 0 33740 0 164259 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A NOT-FOR-PROFIT, MEMBER-OWNED PRIVATE CLUB. MEMBERSHIP IS COMPOSED OF 550 PROPRIETARY AND JUNIOR PROPRIETARY MEMBERS. PROPRIETARY MEMBERS ENJOY ALL THE PRIVILEGES OF THE CLUB, MAY VOTE AT MEMBERSHIP MEETINGS, AND ARE THE ONLY MEMBERS HAVING ANY TYPE OF INTEREST IN THE ASSETS OF THE CLUB. JUNIOR PROPRIETARY MEMBERS MAY ENJOY THE FACILITIES AND SERVE ON COMMITTEES OF THE CLUB, BUT THEY DO NOT VOTE NOR HOLD OFFICE IN THE CLUB. FORM 990, PART VI, SECTION A, LINE 7A PROPRIETARY 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 CHARTER REQUIRES A TWO-THIRDS VOTE OF THE PROPRIETARY MEMBERS. AMENDMENTS TO THE BY-LAWS REQUIRES A TWO-THIRDS VOTE OF EITHER THE BOARD OF GOVERNORS OR THE PROPRIETARY MEMBERS. INTERPRETATION OF THE BY-LAWS SHALL REST WITH THE BOARD OF GOVERNORS UNLESS AND UNTIL SUPERSEDED BY A TWO-THIRDS MAJORITY VOTE OF A QUORUM OF THE MEMBERSHIP AT A REGULAR MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION 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 TREASURER, GENERAL MANAGER, AND DIRECTOR OF FINANCE. THE TREASURER, GENERAL MANAGER, AND DIRECTOR OF FINANCE 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 15 THE BOARD OF GOVERNORS USES SALARY INFORMATION FROM COMPARABLE SOCIAL CLUBS IN THE LOCAL COMMUNITY DURING ITS PERFORMANCE REVIEWS OF THE GENERAL MANAGER, DIRECTOR OF FINANCE, AND EXECUTIVE CHEF; COMPENSATION AMOUNTS ARE DETERMINED ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB'S FORM 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. FORM 990, PART XI, LINE 9: MEMBERSHIP ACTIVITY - INITIATION CONTRIBUTIONS 3,914,871. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE'S RESPONSIBILITIES AND PROCESSES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PREVIOUS YEAR.