2020-11-16T16:35:10-06:00 2019-12-31 042595327 O'CONNOR MALONEY & CO CPA'S 1 MERCANTILE STREET SUITE 760 WORCESTER MA 01608 990 2019-01-01 042309329 REGATTA POINT COMMUNITY SAILING INC REGA 5087572140 PO BOX 4008 SHREWSBURY MA 01545 FRANCIS REARDON TREASURER 5087572140 2020-11-13 1 ANTHONY D ROZEVICIUS P00037035 5087576391 2020-11-13 66.189.121.66 2020-11-13 11:49:59 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B1C87D716962B80A3548CF3FD4109389A21B399D 2019 2021-01-29 14:40:06Z FRANCIS REARDON PO BOX 4008 SHREWSBURY MA 01545 342047 0 X WWW.REGATTAPOINT.ORG X 1961 MA PROVIDE RECREATIONAL SAILING AND BOATING ACTIVITY AND TRAINING THROUGH PROGRAMS AND MEMBERSHIPS TO THE GENERAL PUBLIC AT A LOW COST 5 5 27 100 0 0 2822 22142 156086 231929 22 15 76766 87961 235696 342047 0 0 0 0 157616 188280 0 0 0 104142 154174 261758 342454 -26062 -407 36780 40216 43637 47480 -6857 -7264 PROVIDE RECREATIONAL SAILING AND BOATING ACTIVITY AND TRAINING THROUGH PROGRAMS AND MEMBERSHIPS TO THE GENERAL PUBLIC AT A LOW COST 0 0 211537 319890 LOW COST SAILING AND INSTRUCTION MADE AVAILABLE TO THE PUBLIC 211537 1 1 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 0 0 0 1 0 0 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 MA X FRANCIS REARDON 5087572140 PO BOX 4008 SHREWSBURY MA 01545 X KRISTOPHER DALY PRESIDENT 5.00 X X 0 0 0 FRANCIS REARDON TREASURER 5.00 X X 0 0 0 ANDREW CROSBY CLERK 5.00 X X 0 0 0 ROBERT PARADISE VICE PRESIDENT 5.00 X X 0 0 0 JOE RINALDI DIRECTOR 5.00 X 0 0 0 GREGORY ROOT DIRECTOR 5.00 X 0 0 0 ROBERT LEVADA JR DIRECTOR 5.00 X 0 0 0 ROBERY CONDON DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 22142 22142 REGATTA ROWING PROGRAM 900099 77769 77769 SUMMER CAMP 900099 71257 71257 BOAT RENTALS HOURLY 900099 57762 57762 CUSTOM PROGRAMS 900099 25141 25141 231929 15 15 ADULT PROGRAMS AND MEM 900099 44270 44270 JUNIOR MEMBERSHIPS 900099 36655 36655 OTHER INCOME 900099 7036 7036 87961 342047 319890 0 15 171868 118223 53645 2195 1510 685 14217 9779 4438 7000 7000 13132 13132 12332 12332 4229 4229 9662 9662 2173 2173 23289 18178 5111 ROWING REGATTA PROGRAM 37262 37262 TOOLS AND SUPPLIES 14439 14439 BANK CHARGES 7426 7426 FLEET REPAIRS AND MAINT 6946 6946 16284 3027 13257 342454 211537 130917 0 4882 10080 17940 11508 856 0 4600 109365 95337 13102 14028 36780 40216 25015 23676 18622 5804 0 18000 43637 47480 X -6857 -7264 -6857 -7264 36780 40216 -407 0 X 1 X 0 1 0 X 80051 92169 81905 76766 103067 433958 167951 139601 180127 156086 231929 875694 248002 231770 262032 232852 334996 1309652 0 0 0 1309652 114 23 18 22 15 192 114 23 18 22 15 192 1303 321 11595 4773 7036 25028 249419 232114 273645 237647 342047 1334872 0.98110 0.98420 0.00010 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109365 95337 14028 14028 FORM 990, PART VI, SECTION B, LINE 11B ACCOUNTANT PREPARES AND REVIEWS TAX RETURN WITH TREASURER, WHO THEN REVIEWS RETURN WITH GOVERNING BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A EVERY YEAR AT THE CONCLUSION OF THE ENTITY'S OPERATING CYCLE (APRIL-OCTOBER) A THREE-MEMBER SUB-COMMITTEE OF THE GOVERNING BODY DOES A PERFORMANCE REVIEW REPORT OF THE ENTITY AND THE EXECUTIVE DIRECTOR. THE SUB-COMMITTE ALSO ESTABLISHES GOALS AND OBJECTIVES FOR THE ENTITY AND THE EXECUTIVE DIRECTOR FOR THE SUBSEQUENT YEAR. THE PERFORMANCE REVIEW REPORT IS SUBMITTED TO THE FULL GOVERNING BOARD FOR REVIEW AND APPROVAL. AT THAT TIME THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED. FORM 990, PART VI, SECTION C, LINE 18 THE ENTITY'S FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ENTITY'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO THE ENTITY INCLUDES ITS FINANCIAL STATEMENTS AND FORM 990 WITH GRANT APPLICATIONS TO FOUNDATIONS.