2021-07-02T05:59:35-05:00 2020-12-31 341818258 MEADEN & MOORE LTD 1375 EAST NINTH STREET SUITE 1800 CLEVELAND OH 441141790 990 2020-01-01 340638827 EDGEWATER YACHT CLUB INC EDGE 2162816470 6700 MEMORIAL SHOREWAY NW CLEVELAND OH 44102 NICK LUBAR TREASURER 2162816470 2021-06-30 1 NICK LUBAR 999009999 KAREN B COONEY P00285983 2162413272 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z NICK LUBAR 6700 MEMORIAL SHOREWAY NW CLEVELAND OH 44102 3074378 0 X WWW.EYCWEB.COM X 1928 OH TO PROMOTE, PROTECT & ENCOURAGE RESPONSIBLE BOATING AND PROMOTE SOCIABILITY AMONG MEMBERS. 12 12 89 198 1271 0 0 0 1986145 2157509 2360 811 776248 538296 2764753 2696616 0 0 0 0 1355679 1262500 0 0 0 1364580 1151212 2720259 2413712 44494 282904 4485283 4576238 2216876 2024927 2268407 2551311 TO PROMOTE, PROTECT, AND ENCOURAGE THE SPORT OF BOATING; TO ENCOURAGE THE MEMBERS TO BECOME FAMILIAR WITH AND TO ADHERE TO THE RULES AND LAWS OF NAVIGATION AND SEAMANSHIP, AND TO PROMOTE AND ENCOURAGE SOCIALIBILITY AND FRIENDSHIP AMONG MEMBERS. 0 0 TO PROMOTE, PROTECT, AND ENCOURAGE THE SPORT OF BOATING; TO ENCOURAGE THE MEMBERS TO BECOME FAMILIAR WITH AND TO ADHERE TO THE RULES AND LAWS OF NAVIGATION AND SEAMANSHIP, AND TO PROMOTE AND ENCOURAGE SOCIALIBILITY AND FRIENDSHIP AMONG MEMBERS. 0 0 0 0 0 0 0 0 0 1 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 1 39 0 1 89 1 1 1 0 0 0 0 222225 5118 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X ED GARRITY 2162816470 6700 MEMORIAL SHOREWAY NW CLEVELAND OH 44102 MARK SAFFELL TRUSTEE 1.00 X 0 0 0 JIM HEROLD TRUSTEE 1.00 X 0 0 0 KEN BLOCK TRUSTEE 1.00 X 0 0 0 SHERRIE DESMOND TRUSTEE 1.00 X 0 0 0 AUD JUCAITIS TRUSTEE 1.00 X 0 0 0 DUANE WOLFF TRUSTEE 1.00 X 0 0 0 GRETCHEN OLESKI TRUSTEE 1.00 X 0 0 0 LEE HOMYOCK TRUSTEE 1.00 X 0 0 0 JOHN SUKIS TRUSTEE 1.00 X 0 0 0 TIM YANDA TRUSTEE/BOARD CHAIRMAN 1.00 X 0 0 0 ROBB FINICLE TRUSTEE 1.00 X 0 0 0 TERRY FORD III TRUSTEE 1.00 X 0 0 0 ED GARRITY ACCOUNTANT 5.00 X 10593 0 0 HARVEY PETERSON COMMODORE 1.00 X 0 0 0 NICK DIVITA FLEET SURGEON 1.00 X 0 0 0 JOHN ZELLI REAR COMMODORE 1.00 X 0 0 0 NICK LUBAR TREASURER 1.00 X 0 0 0 PATTY KROTSENG VICE COMMODORE 1.00 X 0 0 0 RON WOLFE GENERAL MANAGER 40.00 X 111121 0 0 JULIA OSBORNE SECRETARY 1.00 X 0 0 0 STUART BUTCHER FLEET CAPTAIN 1.00 X 0 0 0 121714 0 0 1 0 0 0 0 MEMBERSHIP DUES 900099 1566022 1566022 DOCKAGE, CATWALK, AND 713990 577474 577474 OTHER MEMBER REVENUE 900099 14013 14013 2157509 811 811 837786 377762 460024 459564 460 BWC - REFUND 900099 78272 78272 78272 2696616 2695345 1271 0 121714 915886 109470 115430 33159 77309 6743 154870 390927 1066 81800 277936 RENTALS 30681 MEMBER ACTIVITIES 20371 INITIATION COST 17575 BAD DEBT 11762 47013 2413712 287558 577299 250000 250000 240855 213450 34562 46015 47048 43624 8475495 5034645 3620260 3440850 5000 5000 4485283 4576238 276415 175130 66177 71362 9500 0 1833284 1778435 31500 0 2216876 2024927 X 2268407 2551311 2268407 2551311 4485283 4576238 282904 0 X 1 X 0 1 0 7439657 4181145 3258512 1035838 853500 182338 3440850 X PART X, LINE 2: FIN 48 DISCLOSURE THE CLUB ADOPTED THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE COMPANY RECOGNIZES INTEREST AND PENALTIES ACCRUED RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE, IF ANY. THE CLUB DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 6 EYC HAS SEVEN CLASSES OF MEMBERSHIP INCLUDING ACTIVE, CORPORATE, LIFE, NON-RESIDENT, SUSTAINING, HONORARY, AND SOCIAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE MEMBERS, CORPORATE MEMBERS, AND THOSE WITH A LIFE MEMBERSHIP HOLD THE RIGHT TO VOTE, ACCRUAL SENIORITY, THE RIGHT TO HOLD OFFICE, AND INTEREST IN AND TO THE PROPERTY AND ASSETS OF THE CLUB. NON-RESIDENT MEMBERS, SUSTAINING MEMBERS, HONORARY MEMBERS AND SOCIAL MEMBERS; HOWEVER, DO NOT HAVE THE RIGHTS TO VOTE OR HOLD ANY POSITION OF OFFICE. FORM 990, PART VI, SECTION A, LINE 7B ACTIVE MEMBERS, CORPORATE MEMBERS, AND THOSE WITH A LIFE MEMBERSHIP HOLD THE RIGHT TO VOTE, ACCRUAL SENIORITY, THE RIGHT TO HOLD OFFICE, AND INTEREST IN AND TO THE PROPERTY AND ASSETS OF THE CLUB. NON-RESIDENT MEMBERS, SUSTAINING MEMBERS, HONORARY MEMBERS AND SOCIAL MEMBERS; HOWEVER, DO NOT HAVE THE RIGHTS TO VOTE OR HOLD ANY POSITION OF OFFICE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS REVIEWED WITH THE GENERAL MANAGER, FINANCE COMMITTEE, AND TREASURER. ANY QUESTIONS AND COMMENTS ARE ADDRESSED AND A COPY OF THE 990 IS MADE AVAILABLE TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANY OFFICER, TRUSTEE, EMPLOYEE, OR COMMITTEE MEMBER HAVING AN INTEREST IN ANY TRANSACTION WITH THE CLUB MUST GIVE NOTICE AND REFRAIN FROM DISCUSSING OR VOTING ON THAT TRANSACTION. ALSO ANY TRANSACTION OR SERVICE TO THE CLUB INVOLVING PAYMENT OF MORE THAN $100 PER YEAR TO A CLUB OFFICIAL OR BUSINESS IN WHICH THAT PERSON HAS AN INTEREST MUST BE VOTED ON BY THE EYC BOARD OF TRUSTEES. THIS POLICY IS BROUGHT TO THE ATTENTION OF THE BOARD AT THE BEGINNING OF THE YEAR AND AFTER THAT NO FOLLOW-UP IS TAKEN, IT IS ON THE HONOR SYSTEM. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE TRUSTEES AND IS REVIEWED ANNUALLY BY A COMPENSATION COMMITTEE THAT IS SET BY THE COMMODORE. ALL OTHER MANAGERS/EMPLOYEES' COMPENSATION IS SET BY THE GENERAL MANAGER AND IS UP FOR REVIEW ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CURRENT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.