2022-03-30T08:03:53-05:00 2021-09-30 381910111 UHY ADVISORS MI INC 27725 STANSBURY BLVD SUITE 210 FARMINGTON HILLS MI 48334 990 2020-10-01 380613000 GROSSE POINTE YACHT CLUB GROS 3138842500 788 LAKE SHORE ROAD GROSSE POINTE SHORES MI 48236 WILLIAM DILLON OFFICER 3138842500 2022-03-29 1 WILLIAM DILLON 999009999 STEVEN KATZMAN P00950685 2483550280 2022-03-29 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WILLIAM DILLON 788 LAKE SHORE ROAD GROSSE POINTE SHORES MI 48236 12138690 0 X WWW.GPYC.ORG X 1938 MI PREMIER PRIVATE YACHT CLUB THAT PROVIDES HIGH-QUALITY FAMILY AND SOCIAL PROGRAMS TO ITS MEMBERS. 12 12 256 0 602525 474242 316940 1242738 5801182 6209273 122852 73869 26636 51086 6267610 7576966 0 0 0 0 2441156 1511647 0 0 0 3989427 3876065 6430583 5387712 -162973 2189254 22864904 24549179 9536764 8570049 13328140 15979130 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 22 0 256 1 1 1 0 0 0 0 1617139 1021922 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 GARY MAROWSKE COMMODORE 1.00 X X 0 0 0 JASON J GROBBEL VICE COMMODORE 1.00 X X 0 0 0 BRIAN L FISH REAR COMMODORE 1.00 X X 0 0 0 WILLIAM J DILLON TREASURER 1.00 X X 0 0 0 ROBERT V WEILAND 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 JOSEPH BACKER JR DIRECTOR 1.00 X 0 0 0 PAUL SILVA DIRECTOR 1.00 X 0 0 0 AMY KREUGER MALOW DIRECTOR 1.00 X 0 0 0 DAVID M SCHADEN DIRECTOR 1.00 X 0 0 0 AARON WAGNER GENERAL MANAGER 40.00 X 217850 0 25805 COLBY NEWMAN EXECUTIVE CHEF 40.00 X 165994 0 22871 JAMES DEMASSE CFO 40.00 X 147232 0 24155 531076 0 72831 3 0 1 0 TRINITY BUILDING GROUP 35020 KLIX STREET CLINTON TWP MI 48035 CONSTRUCTION SERVICES 920580 EC KORNEFFEL CO 2691 VETERANS PARKWAY TRENTON MI 48183 CONSTRUCTION SERVICES 192784 GS ELECTRIC 2733 INMAN FERNDALE MI 48220 CONSTRUCTION SERVICES 176523 3 1147125 95613 1242738 MEMBERSHIP DUES & INITIATION FEES 713990 4555327 4555327 HARBOR FACILITIES 713990 1207416 1030625 176791 SAILING 713990 183452 183452 SWIMMING 713940 85048 85048 PUBLICATIONS AND ADVERTISING 713990 56437 56437 121593 121593 6209273 50324 27695 22629 378517 8671 369846 369846 369846 507804 26000 457432 52827 50372 -26827 23545 -26827 50372 3676612 4042794 -366182 -349069 -17113 MISCELLANEOUS INCOME 713990 47422 47422 47422 7576966 5731703 602525 0 X 1005945 49208 256378 200116 19328 509910 53879 258800 1224759 218152 REPAIRS & MAINTENANCE 287183 PROPERTY TAXES 223114 COMPUTER & DATA PROCESS 172785 INCOME TAXES 149138 759017 5387712 119828 402121 57080 16000 961211 1616503 166012 246005 251008 213140 41491255 22422370 18610727 19068885 2275050 2402620 423988 583905 22864904 24549179 673936 638285 676844 741665 7058939 6153100 1127045 1036999 9536764 8570049 X 13328140 15979130 13328140 15979130 22864904 24549179 X 2189254 194220 267515 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35513138 18502902 17010236 1763730 1393308 370422 3801947 2427836 1374111 412440 98324 314116 19068885 DEFERRED TAX LIABILITY 58500 DEFERRED COMPENSATION 574356 FAIR VALUE INTEREST RATE SWAP 404143 1036999 X 13311431 194220 1508109 1702329 11609102 19329 -4051465 -4032136 7576966 10660442 4078293 4078293 6582149 19329 -1213766 -1194437 5387712 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, 2021, THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRED ACCRUAL. X X X 0 0 0 AARON WAGNER GENERAL MANAGER 185450 0 32400 0 0 0 5446 0 20359 0 243655 0 0 0 COLBY NEWMAN EXECUTIVE CHEF 152474 0 13520 0 0 0 2512 0 20359 0 188865 0 0 0 JAMES DEMASSE CFO 139232 0 8000 0 0 0 3796 0 20359 0 171387 0 0 0 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. FORM 990, PART IX, LINE 24E SUPPLIES 139,347. SECURITY 135,548. CLUB EVENTS 126,092. CONTRACTED SERVICES 84,971. PROFESSIONAL FEES 73,220. PRINTING & PUBLICATIONS 63,515. INTERNET/TELEPHONE 57,237. LINENS 39,807. BANK AND INVESTMENT FEES 23,645. LANDSCAPING SERVICES 9,139. DONATIONS 8,436. FLOWERS & DECORATIONS 3,196. LICENSES 2,032. MISCELLANEOUS 1,762. BAD DEBT RECOVERIES -8,930. FORM 990, PART XI, LINE 9: LOSS ON DERIVATIVE INTEREST RATE SWAP 267,515. 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 1147125 BOOK/ACTUAL