2021-12-22T14:04:43-06:00 2021-10-31 260001555 FELIX & GLOEKLER PC 2306 PENINSULA DRIVE ERIE PA 16506 990 2020-11-01 250466730 ERIE YACHT CLUB ERIE 8144534931 BOX 648 ERIE PA 16512 DAVID WAGNER SECRETARY/TREASURER 8144534931 2021-12-22 1 DAVID WAGNER 999009999 NATALIE HEBERLEIN CPA P01053604 8148386095 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID WAGNER BOX 648 ERIE PA 16512 4445626 0 X WWW.ERIEYACHTCLUB.ORG X 1895 PA OPERATION OF YACHTING AND BOATING FACILITIES 11 11 127 0 77756 0 0 0 2282506 2517316 0 0 723944 1016935 3006450 3534251 0 0 0 0 1265743 1175682 0 0 0 1468187 1566555 2733930 2742237 272520 792014 8361937 8745535 604645 196229 7757292 8549306 X THE PURPOSES OF THE ERIE YACHT CLUB ARE TO MAINTAIN, DEVELOP, AND ENLARGE THE FACILITIES FOR YACHTING AND BOATING, TO ENCOURAGE AND DEVELOP YACHTING AND OTHER AQUATIC SPORTS, TO PROMOTE SOCIAL RECREATIONAL ACTIVITIES CONNECTED THEREWITH, AND TO IMPROVE YACHTING AND BOATING FACILITIES AT THE ERIE YACHT CLUB BASIN AND IN THE AREA OF ERIE HARBOR GENERALLY. 0 0 BOATING: THE CLUB MAINTAINS ITS YACHTING AND BOATING FACILITIES IN ORDER TO ENCOURAGE AND DEVELOP YACHTING AND BOATING ACTIVITIES AMONG ITS MEMBERSHIP. RESTAURANT AND BAR: THE CLUB MAINTAINS A RESTAURANT AND BAR TO PROMOTE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS IN CONNECTION WITH THE BOATING ACTIVITIES OUTLINED IN "LINE 4A" ABOVE. 0 0 0 0 0 0 0 0 0 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 1 0 0 1 22 0 127 1 1 1 0 0 0 0 233725 498570 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARK ELLER 8144534931 1 RAVINE DRIVE ERIE PA 16512 PETER LUND PAST COMMODORE 5.00 X X 0 0 0 VINCENT CIFELLI COMMODORE 5.00 X X 0 0 0 DAVID SANNER VICE COMMODORE 5.00 X X 0 0 0 HARVEY DOWNEY REAR COMMODORE 5.00 X X 0 0 0 MICHAEL SQUEGLIA FLEET CAPTAIN 5.00 X 0 0 0 NEAL BAKER DIRECTOR 5.00 X 0 0 0 JEFFERY BENSON DIRECTOR 5.00 X 0 0 0 ALEX NAGLE DIRECTOR 5.00 X 0 0 0 RUSS THOMPSON DIRECTOR 5.00 X 0 0 0 MICHAEL MASHYNA DIRECTOR 5.00 X 0 0 0 CARRIE KNOX DIRECTOR 5.00 X 0 0 0 DAVID WAGNER SECRETARY/TREASURER 10.00 X 5000 0 0 MICHAEL LYNCH GENERAL MANAGER 40.00 X 137700 0 17833 142700 0 17833 1 0 0 0 0 MEMBERSHIP DUES 713990 1068045 1068045 BOATING 713990 952293 874537 77756 ASSESSMENTS 713990 263253 263253 INITIATION FEES 713990 233725 233725 2517316 1928310 911375 1016935 1016935 3534251 3456495 77756 0 142700 1046147 16761 144990 -174916 11383 9000 50963 40548 231017 3713 447741 89280 MAINTENANCE AND OPERATI 260957 SUPPLIES 167963 JUNIOR SAILING 99060 CLUB FUNCTIONS AND ENTE 79572 75358 2742237 436183 807381 537227 585120 180091 234673 51579 75630 73655 80140 13539590 6576999 7083202 6962591 8361937 8745535 17838 36422 144723 159807 442084 0 604645 196229 X 7757292 8549306 7757292 8549306 8361937 8745535 792014 0 X X 0 1 X 1 0 613245 613245 1828599 1367903 460696 975272 303299 671973 10122474 4905797 5216677 6962591 X 4445626 911375 911375 3534251 0 3534251 3653455 -157 911375 911218 2742237 0 2742237 Part X, Line 2: THE CLUB IS RECOGNIZED AS A TAX-EXEMPT ORGANZATION FOR FEDERAL INCOME TAX PURPOSES UNDER INTERNAL REVENUE CODE SECTION 501(C)(7) AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 501(A) OF THE INTERNAL REVENUE CODE. HOWEVER, A PROVISION, WHEN APPLICABLE, IS PROVIDED FOR FEDERAL INCOME TAXES ARISING FROM UNRELATED BUSINESS INCOME CONSISTING OF INVESTMENT AND NON-MEMBER ACTIVITIES. THE CLUB HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN YEARS. THE CLUB IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE CLUB BEEN CONTACTD BY THE IRS THAT IT IS SUBJECT TO EXAMINATION. BASED ON THE EVALUATION OF THE CLUB'S TAX POSITION AND ELECTIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN AND ELECTIONS MADE WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS OR ELECTIONS HAS BEEN RECORDED. Part XI, Line 2d - Other Adjustments: COST OF GOODS SOLD 911375. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 911375. Form 990, Part VI, Section A, line 6 THE ERIE YACHT CLUB HAS MEMBERS WHO PAY INITIATION FEES UPON ELECTION IN ADDITION TO ANNUAL DUES AND ASSESSMENTS. Form 990, Part VI, Section A, line 7a TEN MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE VOTING MEMBERSHIP. THE FOUR OFFICERS ARE ELECTED TO A ONE-YEAR TERM. THE TREASURER IS APPOINTED BY THE BOARD OF DIRECTORS. SIX BOARD MEMBERS ARE ELECTED TO A THREE-YEAR TERM. EACH YEAR THE MEMBERSHIP ELECTS TWO MEMBERS TO THE BOARD OF DIRECTORS. THE PREVIOUS YEAR'S COMMODORE (NEW PAST COMMODORE) SERVES AS THE 12TH BOARD MEMBER FOR A ONE-YEAR TERM AS STATED IN THE CLUB'S CONSTITUTION. Form 990, Part VI, Section A, line 7b ANY CHANGES TO BY-LAWS ARE SUBJECT TO MEMBERSHIP APPROVAL. DAY-TO-DAY OPERATING DECISIONS ARE GENERALLY NOT APPROVED BY THE GENERAL MEMBERSHIP. Form 990, Part VI, Section B, line 11b A DRAFT COPY OF THE FORM 990 WAS GIVEN TO THE GENERAL MANAGER, CONTROLLER, TREASURER, AND FINANCE COMMITTEE. ANY MODIFICATIONS TO THE FORM WERE MADE AND A FINAL COPY OF THE FORM WAS GIVEN TO ALL MEMBERS OF THE BOARD AS NOTED ON THE DECEMBER BOARD AGENDA. EACH BOARD MEMBER SIGNED A STATEMENT NOTING THAT THEY ACKNOWLEDGED RECEIVING THE FORM AND THAT THEY WERE GIVEN THE OPPORTUNITY TO ASK QUESTIONS REGARDING THE FORM PRIOR TO THE FORM BEING FILED. Form 990, Part VI, Section B, line 12c BOARD DIRECTORS ARE REQUIRED TO SIGN A STATEMENT ANNUALLY LISTING ANY KNOWN CONFLICTS. A DIRECTOR IS EXCUSED FROM THE DISCUSSION AND VOTE ON A TRANSACTION ON WHICH HE HAS A CONFLICT. THE DIRECTOR IS ALSO ASKED TO PROVIDE, TO MANAGEMENT AND THE BOARD, A DISCLOSURE OF ALL TRANSACTIONS DONE BY HIS/HER BUSINESS WITH THE CLUB. Form 990, Part VI, Section B, line 15 COMPENSATION OF THE GENERAL MANAGER AND TREASURER IS DETERMINED BY THE BOARD OF DIRECTORS. THE DETERMINATION OF GENERAL MANAGER COMPENSATION IS BASED ON ANNUAL EVALUATIONS, REVIEW OF PRIOR YEAR GOALS, COMPARISON TO SIMILIAR POSITIONS IN THE INDUSTRY, AND BUDGET RESTRAINTS. THEIR DETERMINATION FOR TREASURER COMPENSATION IS A FLAT ANNUAL AMOUNT, ADJUSTED PERIODICALLY AS DUTIES ARE MODIFIED. Form 990, Part VI, Section C, line 19 THE ERIE YACHT CLUB MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. Form 990, Page 12, Part XII, line 2c The process has not changed from the prior year. ERIE YACHT CLUB FOUNDATION PO BOX 648 ERIE PA 16512 264788788 SUPPORT MARITIME RELATED CHARITABLE AND EDUCATIONAL ACTIVITIES PA 501(c)(3) Line 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0