2022-05-26T11:21:54-05:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2021-01-01 042074469 FALMOUTH YACHT CLUB INC FALM 5085483865 PO BOX 715 FALMOUTH MA 02540 CLIFF LONG TREASURER 5085483865 2022-05-16 1 CLIFF LONG 999009999 BRENDA RUSSELL P01290261 4016216200 2022-05-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CLIFF LONG PO BOX 715 FALMOUTH MA 02540 1668639 0 X WWW.FALMOUTHYACHTCLUB.COM X 1990 MA THE PURPOSE OF THE CLUB IS TO PROMOTE YACHTING, PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE, AND ENCOURAGE GOOD FELLOWSHIP AMONG ITS MEMBERS. 19 19 53 70 2834 0 0 0 815367 941471 1606 68 -45526 -72829 771447 868710 0 0 0 0 293808 289571 0 0 0 578628 597164 872436 886735 -100989 -18025 2480627 2463817 1060170 1061385 1420457 1402432 THE PURPOSE OF THE CLUB IS TO PROMOTE YACHTING, PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE, AND ENCOURAGE GOOD FELLOWSHIP AMONG ITS MEMBERS. 0 0 MAINTAINING DINING AND LOUNG FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS, MEMBER FAMILIES, AND THEIR GUESTS. MAINTAINING BEACH FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS, MEMBERS FAMILIES, AND THEIR INVITED GUESTS. MAINTAINING DOCKS AND MOORING FACILITIES TO FACILITATE THE SAILING AND OTHER BOATING ACTIVITIES OF MEMBERS, MEMBERS FAMILIES, AND THEIR INVITED GUESTS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 53 1 0 0 0 0 0 56442 50321 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 X MARSHA HIGGINS 5085483865 290 CLINTON AVENUE FALMOUTH MA 02541 X ROBERT RICHARDS COMMODORE 5.00 X X 0 0 0 KATE KILLORY VICE COMMODORE 2.00 X X 0 0 0 MICHAEL RICHARDS REAR COMMODORE 2.00 X X 0 0 0 CLIFF LONG TREASURER 5.00 X X 0 0 0 RICK AHEARN SECRETARY 5.00 X X 0 0 0 JAMES MCINNIS PAST COMMODORE 2.00 X 0 0 0 KAREN KENNY BOARD MEMBER 2.00 X 0 0 0 SHIRLEY WALSH BOARD MEMBER 2.00 X 0 0 0 CHRIS BERGIN BOARD MEMBER 2.00 X 0 0 0 JOHN WAYNE BOARD MEMBER 2.00 X 0 0 0 VICTORIA CHAPMAN BOARD MEMBER 2.00 X 0 0 0 JAMIE TORMEY BOARD MEMBER 2.00 X 0 0 0 RICHARD O'CONNELL PAST COMMODORE 5.00 X 0 0 0 BOB SILVA PAST COMMODORE 2.00 X 0 0 0 PEGGY WALKER BOARD MEMBER 2.00 X 0 0 0 GARY DOODLESACK PAST COMMODORE 2.00 X 0 0 0 JENNIFER FOLLETT BOARD MEMBER 2.00 X 0 0 0 JOHN CALLAHAN BOARD MEMBER 2.00 X 0 0 0 RON GOLUB BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 713990 785397 785397 INTIATION FEES 713990 56442 56442 SHIP STORE SALES 713990 40807 40807 BEACH AND WATERFRONT F 713990 25758 25758 SAILING SCHOOL 713990 17885 17885 15182 5782 9400 941471 68 68 695525 799929 -104404 -97770 -6634 MISC REVENUE 713990 31575 31575 31575 868710 865876 2834 0 226283 27408 35880 6676 29035 35160 1990 15873 7880 79649 173 30432 109277 60101 OPERATING EXPENSES 40110 REPAIRS 36770 SOFTWARE EXPENSES 35057 BEACH AND WATERFRONT 31021 77960 886735 19263 131852 209364 90326 9410 62112 14153 21747 1260 3191230 1034710 2228437 2156520 2480627 2463817 12121 19118 230276 280520 754523 698497 63250 63250 1060170 1061385 X 1420457 1402432 1420457 1402432 2480627 2463817 -18025 0 X X 1 X 0 1 0 122896 122896 2310613 601179 1709434 173936 147178 26758 583785 286353 297432 2156520 MEMBER BONDS 63250 63250 X 1668639 799929 799929 868710 0 868710 1686664 799929 799929 886735 0 886735 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, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 799,929. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 799,929. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF GOVERNORS ARE ELECTED BY THE ACTIVE MEMBERS OF THE ORGANIZATION AT THE ANNUAL MEETING FOR THE FIVE OPEN POSITIONS ON THE BOARD. THE FIVE MEMBERS WHO RECEIVE THE LARGEST NUMBER OF VOTES SHALL BE MEMBERS ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE RESPONSIBLE OFFICER, THE TREASURER FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS HAS DIRECT OVERSIGHT AND RESPONSILBILITY FOR THE SELECTION OF ITS OUTSIDE CPA, AS WELL AS ITS ANNUAL FINANCIAL STATEMENT COMPILATION. FALMOUTH HARBOR SAILING SCHOOL 290 CLINTON AVE FALMOUTH MA 02540 043080792 SAILING SCHOOL IN A CLUB ENVIRONMENT MA 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0