2021-05-17T12:08:55-07:00 2020-12-31 JAMES W WADMAN CPA 295 MAIN ST ELLSWORTH ME 04605 990 2020-01-01 010202445 Grindstone Association GRIN 2076109440 PO Box 12 Winter Harbor ME 04693 Julia Pearson Treasurer 2021-05-17 true Julia Pearson 999009999 James W Wadman CPA P01362797 2076676500 X 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Julia Pearson 1441 Lettered Olive Drive Mount Pleasant SC 29464 909868 false X N/A X 1948 ME Social club 13 0 15 98751 25165 25472 0 325274 352342 130082 31952 0 480828 384294 0 0 160033 187392 0 0 255378 213172 415411 400564 65417 -16270 3795752 4344194 9500 3425 3786252 4340769 Social club false false 380827 345110 Activities promote the social interaction and fellowship of members 380827 false false false false false false false false true true 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 false false true X 6 0 true 15 true true true false false false false 6932 66799 false false false X 13 0 false false false false true true false true true false false false false false false false false false ME X Michelle Smith 2076109440 PO Box 32 Birch Harbor ME 04613 X Robert Kramer President 0.00 0.00 X X 0 0 0 Ellin Miller Vice President 0.00 0.00 X X 0 0 0 Julia Pearson Treasurer 0.00 0.00 X X 0 0 0 Erika Lederman Secretary 0.00 0.00 X X 0 0 0 Stephen Myers Director 0.00 0.00 X 0 0 0 Amanda Nichols Director 0.00 0.00 X 0 0 0 Marian Ide Director 0.00 0.00 X 0 0 0 Robert Hatcher Director 0.00 0.00 X 0 0 0 Virginia Logan Director 0.00 0.00 X 0 0 0 Joseph Townsend Director 0.00 0.00 X 0 0 0 Margaret Bennett Director 0.00 0.00 X 0 0 0 Chandler Williams Director 0.00 0.00 X 0 0 0 Theodore Murphy Director 0.00 0.00 X 0 0 0 0 false false false 0 0 Greens/Pool/Tennis Fees 80257 13458 66799 Initiation Fees 6932 6932 Membership Dues & Assessments 261850 261850 Other Income 3303 3303 Support Fee 352342 36642 36642 0 0 0 425153 95731 525574 -100421 95731 -4690 -4690 0 0 0 0 384294 285543 98751 0 0 0 0 0 0 173365 173365 0 0 14027 14027 0 0 11386 11386 0 0 0 2175 2175 0 2117 2117 0 0 95673 95673 0 0 0 0 0 48082 48082 21630 21630 Supplies 22225 22225 Federal Income Tax 5285 5285 Miscellaneous 3650 3650 State Income Tax 949 949 0 400564 380827 19737 0 24522 26870 0 0 11373 13198 0 0 0 0 21244 28950 1480989 999113 488868 481876 2494869 3063723 754876 729575 0 0 2 3795752 4344194 9499 3425 1 9500 3425 X 421927 379033 3364325 3961736 3786252 4340769 3795752 4344194 -16270 570787 X true X false true false 3114761 543161 9 3657913 2684495 430286 20 3114761 2795857 -111290 72 2684495 2600893 304084 109120 2795857 2457193 193166 49466 2600893 false false false 284219 284219 485587 485587 711183 711183 999113 -999113 481876 729575 Part V, Line 4: Intended uses of the endowment fund. There are two endowment funds - a $1,000,000 permanent endowment, with a fair market value of $2,388,899. The $1,388,899 of income earned is treated as a temporarily restricted asset and is to be used for the operation and maintenance of the swimming pool, pool house and parking lot and a $1,269,014 temporarily restricted endowment that the $769,014 of income and the $500,000 of principal may be used for capital repair and replacement of existing facilities, including the swimming pool, pool house and parking lot. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The members represent people from the State of Maine and across the country vacationing in the Winter Harbor, Maine area that pay membership dues in order to help maintain and upkeep the Association's facilities. As a result of paying those membership dues, the members are allowed to use the Association's facilities for the purpose of social interaction and fellowship. Form 990, Part VI, Line 11b: Form 990 Review Process The President and Treasurer review the 990 before it is signed and filed. The governing body members are spread throughout the United States, making it difficult to have them review the 990 before it is filed. The Association makes every attempt to get the 990 filed timely. Once the 990 is completed, a copy is sent to all officers for their review. If they have any questions, they contact the Treasurer, who in turns answers the question or gets an answer to the question. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Upon request, copies of the documents will be supplied to the public Winter Harbor Yacht Club PO Box 2 Winter Harbor ME 04693 263902562 Social Club - Yacht Club ME 7 N/A false false false false false false false false false false true false false false false false false false false false Winter Harbor Yacht Club j 1 Nominal