Short Form. Return of Organization Exempt From Income Tax

Transcription

1 hort Form OMB Return of Organization xempt From Income Tax Form 990-Z Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code 2015 (except private foundations) G Do not enter social security numbers on this form as it may be made public. Open to Public Department of the Treasury G Information about Form 990-Z and its instructions is at Internal Revenue ervice Inspection A For the 2015 calendar year, or tax year beginning 7/01, 2015, and ending 6/30, 2016 B Check if applicable: C D Address change Name change ARIZONA YACHT CLUB INC PO BO 2728 Telephone number Initial return TMP, AZ Final return/terminated (602) Amended return mployer identification number F Group xemption Application pending Number G G Accounting Method: Cash Accrual Other (specify) G H Check G if the organization is not I Website: G required to attach chedule B J Tax-exempt status (check only one) ' 501(c)(3) 501(c) ( 7 ) H(insert no.) 4947(a)(1) or 527 (Form 990, 990-Z, or 990-PF). K Form of organization: Corporation Trust Association Other L Add lines 5b, 6c, and 7b to line 9 to determine gross receipts. If gross receipts are $200,000 or more, or if total assets (Part II, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-Z G$ 53,361. Part I Revenue, xpenses, and Changes in Net Assets or Fund Balances (see the instructions for Part I) Check if the organization used chedule O to respond to any question in this Part I Contributions, gifts, grants, and similar amounts received Program service revenue including government fees and contracts Membership dues and assessments Investment income a Gross amount from sale of assets other than inventory a b Less: cost or other basis and sales expenses b c Gain or (loss) from sale of assets other than inventory (ubtract line 5b from line 5a) Gaming and fundraising events R a Gross income from gaming (attach chedule G if greater than $15,000) a V b Gross income from fundraising events (not including $ of contributions N from fundraising events reported on line 1) (attach chedule G if the sum U of such gross income and contributions exceeds $15,000) b c Less: direct expenses from gaming and fundraising events c Net income or (loss) from gaming and fundraising events (add lines 6a and d 6b and subtract line 6c) Grants and similar amounts paid (list in chedule O) Benefits paid to or for members alaries, other compensation, and employee benefits P 13 Professional fees and other payments to independent contractors N 14 Occupancy, rent, utilities, and maintenance Printing, publications, postage, and shipping Other expenses (describe in chedule O) CHDUL O Total expenses. Add lines 10 through G xcess or (deficit) for the year (ubtract line 17 from line 9) A N 7 a Gross sales of inventory, less returns and allowances a 1,381. b Less: cost of goods sold b 1,531. c Gross profit or (loss) from sales of inventory (ubtract line 7b from line 7a) c 8 Other revenue (describe in chedule O) Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and G 9 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) T T 20 Other changes in net assets or fund balances (explain in chedule O) Net assets or fund balances at end of year. Combine lines 18 through G 21 BAA For Paperwork Reduction Act tice, see the separate instructions. 5 c 6 d 24, , ,830. 5,773. 1, , ,193. 8, , ,646. Form 990-Z (2015) TA0803L 10/12/15

2 Form 990-Z (2015) ARIZONA YACHT CLUB INC Page 2 Part II Balance heets (see the instructions for Part II) Check if the organization used chedule O to respond to any question in this Part II (A) Beginning of year (B) nd of year 22 Cash, savings, and investments , , Land and buildings Other assets (describe in chedule O) CHDUL O , , Total assets , , Total liabilities (describe in chedule O) CHDUL O , , Net assets or fund balances (line 27 of column (B) must agree with line 21) , ,646. Part III tatement of Program ervice Accomplishments (see the instructions for Part III) xpenses Check if the organization used chedule O to respond to any question in this Part III (Required for section 501 What is the organization's primary exempt purpose? CHDUL O (c)(3) and 501(c)(4) Describe the organization's program service accomplishments for each of its three largest program services, as organizations; optional measured by expenses. In a clear and concise manner, describe the services provided, the number of persons for others.) benefited, and other relevant information for each program title. 28 CHDUL O 29 (Grants $ ) If this amount includes foreign grants, check here G 28 a 30 (Grants $ ) If this amount includes foreign grants, check here G 29 a (Grants$ ) If this amount includes foreign grants, check here G 30 a 31 Other program services (describe in chedule O) (Grants$ ) If this amount includes foreign grants, check here G 31 a 32 Total program service expenses (add lines 28a through 31a) G 32 Part IV List of Officers, Directors, Trustees, and Key mployees (list each one even if not compensated ' see the instructions for Part IV) Check if the organization used chedule O to respond to any question in this Part IV (b) Average hours per (c) Reportable compensation (a) Name and title week devoted to (Forms W-2/1099-MIC) position (if not paid, enter -0-) (d) Health benefits, contributions to employee benefit plans, and deferred compensation (e) stimated amount of other compensation VICTOR FLIC RAR COMMODOR CYNTHIA PILLOT TAFF COMMODOR BRUC ANDR VIC COMMODOR LORI RGR CRTARY TV BROWN FLT CAPTAIN CHRI MITH COMMODOR ANTONY CHAPMAN TRAURR JOHN RIDDLL MMBRHIP PTR LHRACH TAFF COMMODOR BAA TA0812L 10/12/15 Form 990-Z (2015)

3 Form 990-Z (2015) ARIZONA YACHT CLUB INC Page 3 Part V Other Information (te the chedule A and personal benefit contract statement requirements in the instructions for Part V) Check if the organization used chedule O to respond to any question in this Part V Did the organization engage in any significant activity not previously reported to the IR? If ',' provide a detailed description of each activity in chedule O Were any significant changes made to the organizing or governing documents? If ',' attach a conformed copy of the amended documents if they reflect a change to the organization's name. Otherwise, explain the change on chedule O (see instructions) a Did the organization have unrelated business gross income of $1,000 or more during the year from business activities (such as those reported on lines 2, 6a, and 7a, among others)? a b If ',' to line 35a, has the organization filed a Form 990-T for the year? If ',' provide an explanation in chedule O 35 b c Was the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements during the year? If ',' complete chedule C, Part III c 36 Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If ',' complete applicable parts of chedule N a nter amount of political expenditures, direct or indirect, as described in the instructions. G 37 a 0. b Did the organization file Form 1120-POL for this year? b 38 a Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? a b If ',' complete chedule L, Part II and enter the total amount involved b N/A 39 ection 501(c)(7) organizations. nter: a Initiation fees and capital contributions included on line a 6,126. b Gross receipts, included on line 9, for public use of club facilities b a ection 501(c)(3) organizations. nter amount of tax imposed on the organization during the year under: N/A section 4911 G N/A ; section 4912 G N/A ; section 4955 G N/A b ection 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 41 reported on any of its prior Forms 990 or 990-Z? If ',' complete chedule L, Part I c ection 501(c)(3), 501(c)(4), and 501(c)(29) organizations. nter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and G 0. d ection 501(c)(3), 501(c)(4), and 501(c)(29) organizations. nter amount of tax on line 40c reimbursed by the organization G 0. e All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? If ',' complete Form 8886-T List the states with which a copy of this return is filed G NON 40 b 40 e 42 a The organization's books are in care of G ANTONY C CHAPMAN CPA PC Telephone no. G (602) Located at G 4051 DRT CRT DR PARADI VALLY AZ ZIP + 4 G At any time during the calendar year, did the organization have an interest in or a signature or other authority over a b financial account in a foreign country (such as a bank account, securities account, or other financial account)? b If ',' enter the name of the foreign country:g ee the instructions for exceptions and filing requirements for FinCN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). c At any time during the calendar year, did the organization maintain an office outside the U..? If ',' enter the name of the foreign country:g 42 c 43 ection 4947(a)(1) nonexempt charitable trusts filing Form 990-Z in lieu of Form 1041 ' Check here G and enter the amount of tax-exempt interest received or accrued during the tax year G a Did the organization maintain any donor advised funds during the year? If ',' Form 990 must be completed instead of Form 990-Z a b Did the organization operate one or more hospital facilities during the year? If ',' Form 990 must be completed instead of Form 990-Z b c Did the organization receive any payments for indoor tanning services during the year? c d If '' to line 44c, has the organization filed a Form 720 to report these payments? If ',' provide an explanation in chedule O d 45 a Did the organization have a controlled entity within the meaning of section 512(b)(13)? a b Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If ',' Form 990 and chedule R may need to be completed instead of Form 990-Z (see instructions) b TA0812L 10/12/15 Form 990-Z (2015) N/A N/A

4 Form 990-Z (2015) ARIZONA YACHT CLUB INC Page 4 46 Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition to candidates for public office? If ',' complete chedule C, Part I Part VI ection 501(c)(3) organizations only All section 501(c)(3) organizations must answer questions 47-49b and 52, and complete the tables for lines 50 and Check if the organization used chedule O to respond to any question in this Part VI Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If ',' complete chedule C, Part II Is the organization a school as described in section 170(b)(1)(A)(ii)? If ',' complete chedule a Did the organization make any transfers to an exempt non-charitable related organization? a b If ',' was the related organization a section 527 organization? b 50 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 'ne.' (a) Name and title of each employee (b) Average hours per week devoted to position (d) Health benefits, (c) Reportable compensation contributions to employee (e) stimated amount of (Forms W-2/1099-MIC) benefit plans, and deferred other compensation compensation f Total number of other employees paid over $100, G 51 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 'ne.' (a) Name and business address of each independent contractor (b) Type of service (c) Compensation d Total number of other independent contractors each receiving over $100, G 52 Did the organization complete chedule A? te: All section 501(c)(3) organizations must attach a completed chedule A G Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. ign Here A ignature of officer A Type or print name and title ANTONY C CHAPMAN Date TRAURR Paid Preparer Use Only Print/Type preparer's name Preparer's signature Date PTIN Check if self-employed Firm's name G Firm's address G NON-PAID PRPARR Firm's IN Phone no. May the IR discuss this return with the preparer shown above? ee instructions G Form 990-Z (2015) G TA0812L 10/12/15

5 upplemental Information to Form 990 or 990-Z OMB CHDUL O (Form 990 or 990-Z) Complete to provide information for responses to specific questions on Form 990 or 990-Z or to provide any additional information G Attach to Form 990 or 990-Z. G Information about chedule O (Form 990 or 990-Z) and its instructions is Open to Public Department of the Treasury Internal Revenue ervice at Inspection Name of the organization ARIZONA YACHT CLUB INC FORM 990-Z, PART I, LIN 16 OTHR PN mployer identification number ADMINITRATIV $ 1,421. AOCIATION DU DPRCIATION ,960. GAIN ON DIPOAL OF AT ,000. GNRAL MTING PRNTR ,373. INFORMATION TCHNOLOGY ,707. INURANC ,539. OFFIC PN RACING PROGRAM PN ,658. OCIAL VNT PN ,840. TOTAL $ 36,225. FORM 990-Z, PART II, LIN 24 OTHR AT BGINNING NDING ACCOUNT RCIVABL $ 389. $ 10. DPOIT MACHINRY AND QUIPMNT , ,966. TOTAL $ 44,690. $ 40,351. FORM 990-Z, PART II, LIN 26 TOTAL LIABILITI BGINNING NDING DFRRD RVNU $ 8,140. $ 11,270. DU TO MMBR TOTAL $ 8,140. $ 11,280. FORM 990-Z, PART III - ORGANIZATION' PRIMARY MPT PURPO PROVID AND UPPORT AILING PROGRAM IN ARIZONA FOR TH BNFIT OF TH MMBR FORM 990-Z, PART III, LIN 28 - TATMNT OF PROGRAM RVIC ACCOMPLIHMNT TH ORGANIZATION PROMOTD NUMROU AILBOAT RACING AND OCIAL VNT FOR TH BNFIT OF IT MMBR AND TH LOCAL AILING COMMUNITY THROUGHOUT TH YAR. TH MMBRHIP COMPRI APPRO. 225 INDIVIDUAL AND FAMILI. BAA For Paperwork Reduction Act tice, see the Instructions for Form 990 or 990-Z. TA4901L 10/12/15 chedule O (Form 990 or 990-Z) (2015)