2021-02-11T07:09:43-06:00 2020-09-30 381910111 UHY ADVISORS MI INC 27725 STANSBURY BLVD SUITE 210 FARMINGTON HILLS MI 48334 990 2019-10-01 380613000 GROSSE POINTE YACHT CLUB GROS 3138842500 788 LAKE SHORE ROAD GROSSE POINTE SHORES MI 48236 WILLIAM DILLON OFFICER 3138842500 2021-02-10 1 STEVEN KATZMAN P00950685 2483550280 2021-02-02 2019 2022-09-23 18:48:47Z WILLIAM DILLON 788 LAKE SHORE ROAD GROSSE POINTE SHORES MI 48236 12703263 0 X WWW.GPYC.ORG X 1938 MI PREMIER PRIVATE YACHT CLUB THAT PROVIDES HIGH-QUALITY FAMILY AND SOCIAL PROGRAMS TO ITS MEMBERS. 12 12 126 0 451768 470386 185795 316940 5779360 5801182 321980 122852 653583 26636 6940718 6267610 0 0 0 0 2432829 2441156 0 0 0 4280972 3989427 6713801 6430583 226917 -162973 23222818 22864904 9533551 9536764 13689267 13328140 THE CLUB IS A PREMIER PRIVATE YACHT CLUB, SPECIALIZING IN PROVIDING HIGH-QUALITY FAMILY AND SOCIAL PROGRAMS TO ITS MEMBERS WHO ARE LOCATED IN SOUTHEASTERN MICHIGAN. 0 0 TO PROVIDE PLEASURE, RECREATION, FOOD AND BEVERAGE SERVICES AND SOCIAL OPPORTUNITIES TO THE MEMBERS OF THE CLUB. ACTIVITIES INCLUDE: BOATING, BOWLING, SWIMMING AND TENNIS. 0 1 0 0 0 0 0 0 0 1 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 1 0 0 1 33 0 126 1 1 1 0 0 0 0 502133 615357 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 MI X JIM DEMASSE 3138842500 788 LAKESHORE ROAD GROSSE POINTE SHORES MI 48236 X X GARY GONZALES COMMODORE 1.00 X X 0 0 0 GARY MAROWSKE VICE COMMODORE 1.00 X X 0 0 0 JASON J GROBBEL REAR COMMODORE 1.00 X X 0 0 0 BRIAN L FISH TREASURER 1.00 X X 0 0 0 WILLIAM J DILLON SECRETARY 1.00 X X 0 0 0 PETER G BEAUREGARD DIRECTOR 1.00 X 0 0 0 RICK LEUDERS DIRECTOR 1.00 X 0 0 0 BRUCE G KNAPP DIRECTOR 1.00 X 0 0 0 ROBERT V WEILAND DIRECTOR 1.00 X 0 0 0 PAUL SILVA DIRECTOR 1.00 X 0 0 0 J JAMES MORROW JR DIRECTOR 1.00 X 0 0 0 DAVID M SCHADEN DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 EC KORNEFFEL CO 2691 VETERANS PARKWAY TRENTON MI 48183 CONSTRUCTION SERVICES 992008 FRESH AS WATER 25295 BARBARA ROSEVILLE MI 48056 CLEANING SERVICES 120620 WHITTLESEY DEVELOPMENT CO LLC PO BOX 460 NEW BALTIMORE MI 48047 CONSTRUCTION SERVICES 101550 3 303012 13928 316940 MEMBERSHIP DUES & INITIATION FEES 713990 4346568 4346568 HARBOR FACILITIES 713990 1131970 1131970 SAILING 713990 140129 140129 PUBLICATIONS AND ADVERTISING 713990 66029 66029 BOWLING 713940 64135 64135 52351 52351 5801182 47981 25344 22637 370704 16444 354260 354260 354260 2769605 450000 2726074 418660 43531 31340 74871 74871 2925200 3274475 -349275 -349275 MISCELLANEOUS INCOME 713990 21651 21651 21651 6267610 5498902 451768 0 1922226 53245 280373 185312 18661 653685 253671 288937 1222395 230548 PROPERTY TAXES 220971 COMPUTER & DATA PROCESS 192350 CONTRACTED SERVICES 178104 SUPPLIES 144598 585507 6430583 296698 119828 107121 57080 1124354 961211 227268 166012 281828 251008 39904804 21294077 18494521 18610727 2305464 2275050 385564 423988 23222818 22864904 955053 673936 619478 676844 7069055 7058939 889965 1127045 9533551 9536764 X 13689267 13328140 13689267 13328140 23222818 22864904 X -162973 25608 -223762 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34642190 17650844 16991346 1654586 1304634 349952 3364018 2245316 1118702 244010 93283 150727 18610727 17199 DEFERRED TAX LIABILITY 14200 DEFERRED COMPENSATION 423988 FAIR VALUE INTEREST RATE SWAP 671658 1127045 X 9567693 25608 25608 9542085 -3274475 -3274475 6267610 9928820 223762 223762 9705058 -3274475 -3274475 6430583 PART X, LINE 2: ASC GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINITY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO STEP PROCESS. A DETERMINATION IS FIRST MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED UPON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULTIMATE SETTLEMENT. AT SEPTEMBER 30, 2020, THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRED ACCRUAL. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -3,274,475. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP 223,762. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -3,274,475. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS VOTING AND NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CLUB VOTE TO ELECT TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE ON VARIOUS MATTERS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE ANNUAL 990 IT IS FIRST REVIEWED BY THE CLUB'S CONTROLLER AND GENERAL MANAGER. AT WHICH TIME IF THE 990 IS DESIRED TO BE REVIEWED BY THE REMAINING GOVERNING BODY IT IS PRESENTED ONLY AFTER WRITTEN REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS THE CONFLICT OF INTEREST POLICIES ARE UPDATED AND APPROVED BY EACH OF THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS THE GENERAL MANAGER PERFORMS A REVIEW AND AUTHORIZES COMPENSATION OF EMPLOYEES. OFFICERS OF THE CLUB ARE NOT COMPENSATED. THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE GENERAL MANAGER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST ALL DOCUMENTS PERTAINING TO THE CLUB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE MEMBERS OF THE CLUB. PART VII THE CLUB UTILIZED A PROFESSIONAL EMPLOYER ORGANIZATION FOR PAYROLL AND HUMAN RESOURCES FROM APRIL 2019 TO DECEMBER 2019. FORM 990, PART XI, LINE 9: LOSS ON DERIVATIVE INTEREST RATE SWAP -223,762. PART XII, LINE 2C THE ORGANIZATION UTILIZES A COMMITTEE TO REVIEW THE ANNUAL AUDITED FINANCIAL STATEMENTS AND EVALUATES THE INDEPENDENT ACCOUNTANT. GROSSE POINTE YACHT CLUB FOUNDATION 788 LAKE SHORE RD GROSSE POINTE SHORES MI 48236 473434589 TO COLLECT DONATIONS FROM MEMBERS TO MAINTAIN THE HISTORIC CLUBHOUSE MI 501(C)(3) GROSSE POINTE YACHT CLUB 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GROSSE POINTE YACHT CLUB FOUNDATION C 303012 BOOK/ACTUAL