2021-11-12T15:10:11-06:00 2020-12-31 271728945 PKF O'CONNOR DAVIES LLP 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2020-01-01 050209115 RHODE ISLAND YACHT CLUB RHOD 4019413335 ONE OCEAN AVENUE CRANSTON RI 02905 MARK GALLAGHER TREASURER 4019413335 2021-11-08 1 MARK GALLAGHER 999009999 BRENDA RUSSELL P01290261 4016216200 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARK GALLAGHER ONE OCEAN AVENUE CRANSTON RI 02905 828422 0 X WWW.RIYACHTCLUB.ORG X 1877 RI TO PROVIDE MEANS FOR THE RECREATION AND ENTERTAINMENT OF ITS MEMBERS, BY ESTABLISHING AND MAINTAINING A CLUB WITH THE PROPER ANCHORAGE, MARINA AND RELATED FACILITIES TO PROMOTE YACHTING, SEAMANSHIP AND SOCIAL ACTIVITIES. 15 15 16 15 12605 0 0 2012 511322 506331 582 5784 89179 32028 601083 546155 0 0 0 0 77906 63181 0 0 0 517532 394844 595438 458025 5645 88130 1649012 1685908 1255283 1114010 393729 571898 TO PROVIDE MEANS FOR THE RECREATION AND ENTERTAINMENT OF ITS MEMBERS, BY ESTABLISHING AND MAINTAINING A CLUB WITH THE PROPER ANCHORAGE, MARINA AND RELATED FACILITIES TO PROMOTE YACHTING, SEAMANSHIP AND SOCIAL ACTIVITIES. 0 0 CONDUCTING NORMAL OPERATIONS OF A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS INCLUDING WATERFRONT ANCHORAGE AND MARINA FACILITIES. MAINTAINING DINING AND LOUNGE FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS AND THEIR GUESTS. CLUB RACING AND OTHER CLUB EVENTS AND SOCIAL ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 1 0 0 16 1 1 1 0 0 0 0 5000 2861 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 X MARK GALLAGHER 4019410220 ONE OCEAN AVE CRANSTON RI 02905 X DAVID TESSITORE COMMODORE 10.00 X X 0 0 0 RICHARD MAGNANT VICE COMMODORE 10.00 X X 0 0 0 PETER QUACKENBUSH REAR COMMODORE 10.00 X X 0 0 0 OWEN HARREN SECRETARY 10.00 X X 0 0 0 MARK GALLAGHER TREASURER 10.00 X X 0 0 0 MICHELYN SACCOCCIO PC JUNIOR EX-COMMODORE 10.00 X X 0 0 0 MICHAEL KATZ ANCHORAGE 1.00 X 0 0 0 MARK BRUTZMAN BUILDING & GROUNDS 1.00 X 0 0 0 JOHN SMITH HOUSE 1.00 X 0 0 0 RODERICK MACHADO JUNIOR ACTIVITIES 1.00 X 0 0 0 THOMAS TRACY LIBRARY/YEARBOOK 1.00 X 0 0 0 HOLLY HUNT MEMBERSHIP 1.00 X 0 0 0 MICHAEL MOAN RACE 1.00 X 0 0 0 NANCY AUBIN SOCIAL 1.00 X 0 0 0 CRAIG FORBES WAYS & MEANS 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2012 2012 DOCK & MOORING FEES 713990 299797 299797 MEMBERSHIP DUES & ASSE 713990 181144 181144 SOCIAL ACTIVITIES 713990 8400 8400 CLUBHOUSE RENTAL 713990 6375 3514 2861 MISCELLANEOUS MEMBER R 713990 5615 5615 5000 5000 506331 784 784 48300 39340 8960 8960 8960 5000 0 5000 5000 5000 263587 242927 20660 20660 MEMBER FINANCE CHARGES 713990 2108 2108 BAD DEBT RECOVERY 713990 300 300 2408 546155 526238 12605 5300 51585 11596 4950 2570 9094 25106 23083 65176 2736 39258 57879 60048 CLUBHOUSE EXPENSES 19830 CLEANING AND JANITORIAL 19257 DOCK & MOORING EXPENSES 18309 SOCIAL & ENTERTAINMENT 17454 30094 458025 71534 86644 390851 361276 76238 46544 17060 19340 39771 35316 3951076 3018456 847514 932620 17176 15300 188868 188868 1649012 1685908 49125 34152 241204 155699 951829 908734 13125 15425 1255283 1114010 X 393729 571898 393729 571898 1649012 1685908 88130 90039 0 X X 1 X 0 1 0 169481 169481 1339831 797030 542801 216301 157000 59301 2225463 2064426 161037 932620 COLLECTIBLES 188868 188868 MEMBER BONDS 6950 RENTAL DEPOSITS 8475 15425 X 828422 282267 282267 546155 0 546155 740292 282267 282267 458025 0 458025 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO DECEMBER 31, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 242,927. RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 39,340. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 242,927. RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 39,340. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE NOMINATED FOR PARTICULAR BOARD POSITIONS BY THE NOMINATING COMMITTEE. THE NOMINEES ARE POSTED PRIOR TO THE ANNUAL MEETING. MEMBERS MAY ALSO NOMINATE CANDIDATES IN OPPOSITION SUBJECT TO CERTAIN RULES. THE ELECTION OF THE BOARD OF DIRECTORS IS HELD AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE NOMINATED FOR PARTICULAR BOARD POSITIONS BY THE NOMINATING COMMITTEE. THE NOMINEES ARE POSTED PRIOR TO THE ANNUAL MEETING. MEMBERS MAY ALSO NOMINATE CANDIDATES IN OPPOSITION SUBJECT TO CERTAIN RULES. THE ELECTION OF THE BOARD OF DIRECTORS IS HELD AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B SEE 7A FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PREPARED BY ITS OUTSIDE ACCOUNTANTS AND REVIEWED BY THE TREASURER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. THE FINANCIAL STATEMENTS AND ALL OTHER DOCUMENTS ARE AVAILABLE FOR MEMBERS TO VIEW UPON REQUEST. FORM 990 PART XI LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF ITS FINANCIAL STATEMENT AUDIT, AS WELL AS THE SELECTION OF THE ORGANIZATION'S INDEPENDENT ACCOUNTANT. THIS PROCESS OF OVERSIGHT HAS NOT CHANGED FROM THE PRIOR YEAR. RHODE ISLAND YACHT CLUB EDUCATIONAL FOUNDATION 1 OCEAN AVE CRANSTON RI 02905 050497478 EDUCATION RELATING TO SAILING, WATER SAFETY AND ENVIRONMENTAL POLICIES RI 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0