2022-10-17T15:36:11-05:00 2021-12-31 020458972 MEDAGLIA & MURPHY INC 23 EAST PEARL STREET NASHUA NH 03060 990 2021-01-01 042000996 HYANNIS YACHT CLUB HYAN 5087786100 490 OCEAN STREET HYANNIS MA 02601 WILLIAM DAVID NURSE TREASURER 5087786100 2022-10-17 1 WILLIAM DAVID NURSE 999009999 JEFFREY MURPHY CPA P00336550 6038894411 2022-10-17 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WILLIAM DAVID NURSE 490 OCEAN STREET HYANNIS MA 02601 7521536 0 X HTTPS:// WWW. HYANNISYACHTCLUB.ORG X 1927 MA THE MISSION OF THE HYANNIS YACHT CLUB SHALL BE TO ENCOURAGE THE SPORT OF YACHTING, TO PROMOTE THE EDUCATION AND SCIENCE OF SEAMANSHIP AND NAVIGATION, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUB HOUSE AND ANCHORAGE FOR THE RECREATION AND USE OF ITS MEMBERS. 11 11 161 0 -4492 0 0 0 2185070 4628950 743392 420 -158545 -651698 2769917 3977672 0 0 0 0 799049 2306415 0 0 0 1589146 1724459 2388195 4030874 381722 -53202 6701404 7093629 3277363 3722790 3424041 3370839 X THE MISSION OF THE HYANNIS YACHT CLUB SHALL BE TO ENCOURAGE THE SPORT OF YACHTING, TO PROMOTE THE EDUCATION AND SCIENCE OF SEAMANSHIP AND NAVIGATION, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUB HOUSE AND ANCHORAGE FOR THE RECREATION AND USE OF ITS MEMBERS. 0 0 CONDUCTING NORMAL OPERATIONS OF A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS YOUTH PROGRAMS SUCH AS SWIMMING AND SAILING ARE OFFERED TO KIDS OF ALL AGES WATERFRONT FACILITIES FOR THE USE OF MEMBERS TO LAUNCH THEIR BOATS ENTERTAINMENT, RACING AND SAILING ARE OFFERED FOR THE MEMBERS TO ENJOY 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 0 161 1 1 1 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 1 1 0 0 X WILLIAM DAVID NURSE 5087786100 490 OCEAN STREET HYANNIS MA 02601 X ROY B CATIGNANI TRUSTEE 1.00 X 0 0 0 CHRISTOPHER COTOIA TRUSTEE 1.00 X 0 0 0 BRIAN M GREER TRUSTEE 1.00 X 0 0 0 BRIAN LEAVER TRUSTEE 1.00 X 0 0 0 CHRISTIAN BLAIR TRUSTEE 1.00 X 0 0 0 RANDALL WALLIN COMMODORE 1.00 X 0 0 0 KEITH SEXTON VICE COMMODORE 1.00 X 0 0 0 WILLIAM D NURSE TREASURER 1.00 X 0 0 0 RICHARD M MCMAHON SECRETARY 1.00 X 0 0 0 JOHN SPILLANE REAR COMMODORE 1.00 X 0 0 0 0 0 0 1 0 0 0 0 CLUB ACTIVITIES 713990 2922402 2922402 MEMBERSHIP DUES 713990 1350890 1350890 CAPITAL ASSESSMENT 713990 255458 255458 INITIATION FEES 713990 100200 100200 4628950 420 420 78074 82566 -4492 -4492 -4492 2350571 3461298 -1110727 -1110727 PPP FORGIVENESS 713990 438880 438880 OTHER INCOME 713990 24641 24641 463521 3977672 3982164 -4492 0 X 1900544 136475 269396 19508 17000 44807 89014 448659 223369 REPAIRS AND MAINTENANCE 212985 UTILITIES 194605 MISCELLANEOUS 165325 YACHT ACTIVITIES 85012 224175 4030874 631489 515378 398418 1205260 65420 63156 60650 18567 10227442 4943174 5541427 5284268 4000 7000 6701404 7093629 171017 175618 417332 1089630 2689014 2457542 3277363 3722790 X 3424041 3370839 3424041 3370839 6701404 7093629 -53202 0 X 0 1 X 1 0 351067 351067 6123389 2641563 3481826 56101 26552 29549 1343923 1245155 98768 2352962 1029904 1323058 5284268 X 5170965 1193293 1193293 3977672 0 3977672 5224167 1193293 1193293 4030874 0 4030874 PART X, LINE 2: UNCERTAINTY IN ACCOUNTING FOR INCOME TAXES: THE CLUB RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. UNDER THAT GUIDANCE, THE CLUB ASSESSES THE LIKELIHOOD, BASED UPON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF INVENTORY PART VII LINE 10C FINANCIAL STATEMENT REVENUE NOT 990 1,193,293. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL STATEMENT EXPENSES NOT 990 1,193,293. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO ELECT THE MEMBERS OF THE GOVERNING BODY AND OFFICERS. THESE MEMBERS CAN ALSO REMOVE MEMBERS OF THE GOVERNING BODY AND OFFICERS AND AMEND THE BY-LAWS. IN ADDITION, THE MEMBERS OF THE GOVERNING BODY CAN FILL VACANCIES AMONG THE MEMBERS OF THE GOVERNING BODY AND OFFICERS UNTIL THE NEXT ANNUAL ELECTION FORM 990, PART VI, SECTION A, LINE 7A SEE EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 6 ABOVE FORM 990, PART VI, SECTION A, LINE 7B SEE EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 6 ABOVE FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PREPARED BY ITS OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CLUB'S CONTROLLER, GENERAL MANAGER, TREASURER AND WAS PROVIDED TO THE ENTIRE GOVERNING BODY BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 15A THE PRACTICE HAS BEEN FOR THE COMPENSATION COMMITTEE ( A COMMITTEE OF THE GOVERNING BOARD) TO MAKE RECOMMENDATIONS FOR THE GENERAL MANAGER'S COMPENSATION. AS AUTHORIZED BY THE GOVERNING BOARD OR THE BUDGET AND FINANCE COMMITTEE ( A COMMITTEE OF THE GOVERNING BOARD) THE CHAIRMAN OF THE GOVERNING BOARD CONDUCTS AND ANNUAL REVIEW WITH THE GENERAL MANAGER COVERING PERFORMANCE AND COMPENSATION. THE GENERAL MANAGER MAKES COMPENSATION RECOMMENDATIONS FOR OTHER EMPLOYEES SUBJECT TO REVIEW BY THE BUDGET AND FINANCE COMMITTEE. THE GENERAL MANAGER THEN CONDUCTS ANNUAL REVIEWS WITH THE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS FINANCIALS STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. THE BALANCE SHEET IS POSTED ON THE OFFICIAL CLUB NOTICE BOARD. FORM 990, PART IX, LINE 24E BANK FEES 81,709. PROPERTY TAXES 74,097. COMPUTER AND SOFTWARE 26,846. LICENSES AND PERMITS 25,563. ENTERTAINMENT 24,641. POSTAGE AND PRINTING 23,417. PAYROLL PROCESSING 22,860. CLEANING AND JANITORIAL 18,851. RENTAL AND LEASE 5,427. TRAVEL 2,201. WAREHOUSE RENT 1,240. BAD DEBT RECOVERIES -1,302. LESS RENTAL EXPENSES -81,375.