2021-11-12T13:04:08-06:00 2020-12-31 042943536 TONNESON & COMPANY PC 401 EDGEWATER PLACE SUITE 300 WAKEFIELD MA 018806208 990 2020-01-01 041108550 BOSTON YACHT CLUB BOST 7816313100 1 FRONT STREET MARBLEHEAD MA 01945 DONALD R HUMPHREY JR TREASURER 7816313100 2021-11-12 1 DONALD HUMPHREY JR 999009999 SCOTT W GARABEDIAN P01285485 7812459999 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DONALD R HUMPHREY JR 1 FRONT STREET MARBLEHEAD MA 01945 2985618 0 X WWW.BOSTONYACHTCLUB.NET X 1866 MA TO PROMOTE THE GENERAL INTEREST OF THE MEMBERS IN YACHTING, PROVIDE A SOCIAL RELATIONSHIP AMONG MEMBERS AND PROVIDE FACILITIES FOR MEMBER YACHTING. 404 401 85 0 67717 11194 1514538 1558994 350308 58486 0 1 1328461 888690 3193307 2506171 0 0 0 0 1728900 1307807 0 0 0 1366046 1178766 3094946 2486573 98361 19598 4178843 4168200 1040640 1010399 3138203 3157801 TO PROMOTE THE GENERAL INTEREST OF THE MEMBERS IN YACHTING, PROVIDE A SOCIAL RELATIONSHIP AMONG MEMBERS AND PROVIDE FACILITIES FOR MEMBER YACHTING. 0 0 2036152 YACHT CLUB AND RELATED SERVICES: 1) PROMOTING THE GENERAL INTEREST OF THE MEMBERS IN YACHTING, 2) PROVIDING A SOCIAL RELATIONSHIP AMONG MEMBERS, 3) PROVIDING FACILITIES FOR MEMBER YACHTING 2036152 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 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 1 29 0 1 85 1 1 1 0 0 0 0 132480 141961 0 0 0 X 404 401 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 MA X X DONALD R HUMPHREY JR 7816313100 1 FRONT STREET MARBLEHEAD MA 01945 X JENNIE ASPINALL COMMODORE 8.00 X X 0 0 0 THOMAS MAGER VICE COMMODORE 8.00 X X 0 0 0 BRUCE BAKER REAR COMMODORE 4.00 X X 0 0 0 JULIE LIVINGSTON SECRETARY 4.00 X X 0 0 0 DONALD R HUMPHREY JR TREASURER 4.00 X X 0 0 0 PHILIP DEVEAUX FLEET CAPTAIN 3.00 X 0 0 0 SCOTT SARAZEN TRUSTEE AT LARGE 3.00 X 0 0 0 ANNE MOSES TRUSTEE 5.00 X 0 0 0 GRETCHEN FISHER TRUSTEE 3.00 X 0 0 0 G PHILIP SCHRODEL TRUSTEE 5.00 X 0 0 0 JOSEPH GUGLIELMO TRUSTEE 3.00 X 0 0 0 RICHARD FISHKIN TRUSTEE 5.00 X 0 0 0 KATE RICHARDSON TRUSTEE 1.00 X 0 0 0 KAREN TENENBAUM TRUSTEE 1.00 X 0 0 0 DAVID ANDERSON TRUSTEE 1.00 X 0 0 0 EDWARD BELL TRUSTEE 1.00 X 0 0 0 WILLIAM LARKIN TRUSTEE 1.00 X 0 0 0 PETER FINE TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1555994 3000 1558994 WATERFRONT 713910 37161 37161 CLUB FUNCTIONS 713910 20604 20604 ROOMS 721310 721 721 58486 1 1 37200 8055 29145 29145 29145 963368 471392 491976 38571 453405 EMPLOYEE RETENTION CRE 713910 222379 222379 ASSESSMENTS 713910 145190 145190 367569 2506171 367569 67717 511891 1086674 871301 215373 221133 174120 47013 9089 9089 12653 12653 95064 69361 25703 35398 35398 238981 238981 PROPERTY TAXES & INSURA 206190 203458 2732 REPAIRS & MAINTENANCE 203684 192423 11261 WATERFRONT EXPENSES 80376 80376 UTILITIES 78636 76764 1872 218695 93970 124725 2486573 2036152 450421 0 8739 96507 211456 202287 83360 83566 19168 14957 8714994 4944111 3856120 3770883 4178843 4168200 167748 123491 27606 20491 845286 866417 1040640 1010399 X 3131967 3151565 6236 6236 3138203 3157801 4178843 4168200 19598 0 X 0 1 X 1 0 6236 6236 6236 6236 6236 6236 6236 6236 6236 6236 0 0 175143 175143 5080947 2547717 2533230 3458904 2396394 1062510 3770883 X 2985618 479447 479447 2506171 0 2506171 2966020 479447 479447 2486573 0 2486573 PART V, LINE 4: MAINTAIN THE TROPHIES AND ISSUE AWARDS THAT ARE STIPULATED IN THE DEEDS OF GIFT. PART X, LINE 2: IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE CLUB APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF DECEMBER 31, 2020, THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB IS GENERALLY SUBJECT TO POTENTIAL EXAMINATION BY TAXING JURISDICTIONS FOR THE PRIOR THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 8,055. COST OF GOODS SOLD 471,392. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 8,055. COST OF GOODS SOLD 471,392. FORM 990, PART VI, SECTION A, LINE 6 THE CLASSES OF MEMBERS ARE AS FOLLOWS: REGULAR MEMBERS AUXILIARY MEMBERS SOCIAL MEMBERS EMERITUS MEMBERS LIFE MEMBERS OUT-PORT MEMBERS HONORARY MEMBERS NON-RESIDENT MEMBERS SENIOR MEMBERS RETIRED MEMBERS REGULAR, SENIOR, RETIRED AND LIFE MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A REGULAR, SENIOR, RETIRED AND LIFE MEMBERS ARE ENTITLED TO ONE VOTE EACH ON BUSINESS INVOLVING THE DETERMINATION OF ANNUAL DUES, ASSESSMENTS, COMMITMENT TO EXPENDITURE OF CLUB FUNDS IN EXCESS OF TEN PERCENT OF THE ANNUAL BUDGET, REMOVAL OF OFFICERS, EXPENDITURES FROM THE CAPITAL IMPROVEMENT FUND AND ELECTION OF OFFICERS, MEMBERS-AT-LARGE OF THE BOARD OF TRUSTEES, MEMBERS OF THE LONG-RANGE PLANNING COMMITTEE AND THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B REGULAR, SENIOR, RETIRED AND LIFE MEMBERS HAVE THE RIGHT TO APPROVE THE RECOMMENDATION BY THE BOARD OF TRUSTEES TO REMOVE AN OFFICER. HONORARY MEMBERS OF THE CLUB ARE NOMINATED BY THE MEMBERSHIP COMMITTEE, APPROVED BY THE BOARD OF TRUSTEES AND ELECTED BY TWO-THIRDS VOTE OF THE CLUB MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CLUB'S FORM 990 WAS PROVIDED TO THE TREASURER FOR REVIEW IN ITS ENTIRETY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PERIODIC REVIEWS ARE CONDUCTED WHICH SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING: REVIEW OF WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE CLUB'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 C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC.