2020-12-28T16:51:32-06:00 2020-03-31 931164639 HENICK & YLVISAKER CPAS 4475 SW SCHOLLS FERRY RD STE 170 PORTLAND OR 972251980 990 2019-04-01 931176482 WAVERLY MARINA ASSOCIATION WAVE 5032313985 PO BOX 82008 PORTLAND OR 97282 RANDY TOMIC PRESIDENT 5032313985 2020-12-10 true DONN J YLVISAKER P00152218 5032924299 2020-12-28 2019 2022-09-23 18:48:47Z RANDY TOMIC PO BOX 82008 PORTLAND OR 97282 522183 false X WWW.WAVERLYMARINA.ORG X 1997 OR WAVERLY MARINA ASSOCIATION PROVIDES MOORAGE, FUEL DOCK, RECREATIONAL SERVICES, AND SOCIAL ACTIVITIES TO ITS MEMBERS. THE ORGANIZATION COLLECTS COMMON AREA FEES FROM THE MOORAGE MEMBERS TO MAINTAIN AND OPERATE THE MOORAGE SOLELY FOR THE BENEFIT OF MEMBERS. 5 5 2 20329 355909 335059 50075 40376 482 420 -3141 20329 403325 396184 0 0 55793 78230 0 0 211714 220869 267507 299099 135818 97085 883986 981438 600 967 883386 980471 RECREATIONAL SOCIAL YACHT CLUB. false false ONGOING MAINTENANCE OF FACILITITES USED IN ORGANIZATION ACTIVITIES, INCLUDING COMMON AREA MAINTENANCE, DREDGING, AND GENERAL REPAIRS TO DOCKS NECESSITATED BY WEAR AND TEAR AND STORM DAMAGE. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 5 0 2 true true true false false false false 41433 false false false X 5 5 false false false false true true true true true false false false false false false true false false SUE WEIR 5032313985 PO BOX 82008 PORTLAND OR 97282 X RANDY TOMIC PRESIDENT 15.00 0.00 X X 0 0 0 JEANNE SCHOEL SECRETARY 2.00 0.00 X X 0 0 0 JEFF DENNY TREASURER 2.00 0.00 X X 0 0 0 DAVID SOOTS VICE PRESIDE 2.00 0.00 X X 0 0 0 false false false 335059 335059 FUEL SALES TO MEMBERS 31825 31825 MISCELLANEOUS FEES 8551 8551 40376 420 420 14950 4358 10592 10592 10592 131378 121641 9737 9737 396184 420 20329 40376 67481 60733 6748 10749 9674 1075 12260 12260 6246 4750 1496 3249 1623 1626 60270 51230 9040 39869 39869 42359 40241 2118 FUEL COSTS 29466 29466 REPAIRS & MAINTENANCE 25680 23112 2568 TAXES AND LICENSES 1470 1470 299099 260698 38401 0 188527 69633 260162 213782 9420 6434 828548 136959 425877 691589 883986 981438 600 967 600 967 X 883386 980471 883386 980471 883986 981438 97085 X false false 824863 133395 691468 3685 3564 121 691589 CREDIT CARDS PAYABLE 967 967 FORM 990, PAGE 6, PART VI, LINE 6 ALL OWNERS OF SLIPS IN THE WAVERLY MARINA ARE MEMBERS OF THE WAVERLY MARINA ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ELECT THE OFFICERS AND DIRECTORS OF THE GOVERNING BOARD OF DIRECTORS. EAH MEMBER IS GRANTED ONE VOTE PER SLIP AND, PROVIDED THE MEMEBER IS IN GOOD STANDING AND CURRENT ON ALL DUES AND ASSESSMEMTS, IS ALLOWED TO VOTE AT ANNUAL AND SPECIAL MEETINGS OF THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS MUST APPROVE DUES, FEES, FINES, AND/OR SPECIAL ASSESSMENTS PROPOSED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS, EXCEPT IN EMERGENCY SITUATIONS, ALSO REQUIRES THE APPROVAL OF MEMBERS PRIOR TO MAKING CAPITAL IMPROVEMENTS OR SIGNIFICANT MODIFICATIONS TO THE PHYSICAL STRUCTURE OF THE MARINA FACILITIES. MEMBERS MUST ALSO APPROVE AMENDMENTS OR CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING, COPIES OF FORMS 990 AND OOP-T ARE PROVIDED TO THE ORGANIZATION'S PRESIDENT AND/OR TREASURER WHO REPORT TO THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION'S BYLAWS PROVIDE THAT ALL OFFICERS AND BOARD MEMBERS ARE TO SERVE WITHOUT COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC EXCEPT BY SPECIFIC REQUEST, WHICH IS EVALUATED BY THE BOARD OF DIRECTORS ON A CASE-BY-CASE BASIS. WE ARE REQUESTING AN ABATEMENT OF THE LATE FILING PENALTY ON THE FOLLOWING GROUNDS: 1) WE CHANGED TAX PREPARERS FOR THE SECOND TIME IN THREE YEARS, AND PART OF OUR ACCOUNTING RECORDS WERE MAINTAINED BY THE TAX PREPARERS. WE WERE UNABLE TO OBTAIN THOSE ACCOUNTING RECORDS UNTIL AFTER THE ORIGINAL FILING DEADLINE FOR OUR RETURN. 2) THE CURRENT TAX PREPARER HAS ONGOING HEALTH ISSUES RELATED TO HEART FAILURE. BECAUSE OF THESE ISSUES, THE FILING OF AN EXTENSION WAS OVERLOOKED. WE DO NOT HAVE THE CAPABILITY TO FILE RETURNS OR EXTENSIONS ELECTRONICALLY, WE RELY ON OUR TAX PREPARER TO MAKE SUCH TIMELY FILINGS FOR US. OUR TAX PREPARER IS A CPA, AND THUS A QUALIFIED TAX PROFESSIONAL. OUR RELIANCE ON A QUALIFIED TAX PROFESSIONAL TO DISCHARGE DUTIES RELATED TO THE FILING OF OUR RETURNS, AND THE FAILURE OF THE QUALIFIED TAX PROFESSIONAL TO DISCHARGE THOSE DUTIES, IS A VALID REASON FOR OUR LATE FILING AND FOR THE ABATEMENT OF THE PENALTIES INVOLVED. BECAUSE OF THE AFOREMENTIONED REASONS, WE ASK THAT