2021-11-12T15:14:06-06:00 2020-12-31 042595327 O'CONNOR MALONEY & CO CPA'S 1 MERCANTILE STREET SUITE 760 WORCESTER MA 01608 990 2020-01-01 042309329 REGATTA POINT COMMUNITY SAILING INC REGA 5087572140 PO BOX 4008 SHREWSBURY MA 01545 FRANCIS REARDON TREASURER 5087572140 2021-11-01 1 FRANCIS REARDON 999009999 ANTHONY D ROZEVICIUS P00037035 5087576391 2021-11-01 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FRANCIS REARDON PO BOX 4008 SHREWSBURY MA 01545 142217 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 0 0 0 0 22142 61377 231929 66429 15 70 87961 14341 342047 142217 0 0 0 0 188280 101293 0 0 0 154174 78916 342454 180209 -407 -37992 40216 149550 47480 194806 -7264 -45256 PROVIDE RECREATIONAL SAILING AND BOATING ACTIVITY AND TRAINING THROUGH PROGRAMS AND MEMBERSHIPS TO THE GENERAL PUBLIC AT A LOW COST 0 0 84454 71700 LOW COST SAILING AND INSTRUCTION MADE AVAILABLE TO THE PUBLIC 84454 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 0 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 ANDREW CROSBY PRESIDENT 5.00 X X 0 0 0 FRANCIS REARDON TREASURER 5.00 X X 0 0 0 ROBERT LEVADA JR VICE PRESIDENT 5.00 X X 0 0 0 ROBERT PARADISE CLERK 5.00 X X 0 0 0 GREGORY ROOT DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 43712 17665 61377 BOAT RENTALS HOURLY 900099 66429 66429 66429 70 70 OTHER INCOME 900099 9070 9070 ADULT PROGRAMS AND MEM 900099 5271 5271 14341 142217 80770 0 70 86160 41566 44594 986 476 510 14147 6825 7322 10155 10155 76 76 2809 2809 12349 12349 2102 2102 4242 3074 1168 13715 10108 3607 ROWING REGATTA PROGRAM 19288 19288 TELEPHONE AND INTERNET 4063 4063 BANK CHARGES 4032 4032 FLEET REPAIRS AND MAINT 2647 2647 3438 470 2968 180209 84454 95755 0 10080 1554 11508 135023 4600 3300 80624 70951 14028 9673 40216 149550 23676 18331 5804 8373 18000 168102 47480 194806 X -7264 -45256 -7264 -45256 40216 149550 -37992 0 X 0 0 0 X 92169 81905 76766 103067 66648 420555 139601 180127 156086 231929 66429 774172 231770 262032 232852 334996 133077 1194727 0 0 0 1194727 23 18 22 15 70 148 23 18 22 15 70 148 321 11595 4773 7036 9070 32795 232114 273645 237647 342047 142217 1227670 0.97320 0.98110 0.00010 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80624 70951 9673 9673 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.