2022-07-21T08:38:29-05:00 2021-09-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2020-10-01 131716713 LARCHMONT YACHT CLUB LARC 9148342440 1 WOODBINE AVENUE LARCHMONT NY 10538 COLLAMORE R CROCKER TREASURER 9148342440 2022-05-15 1 COLLAMORE CROCKER 999009999 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z COLLAMORE R CROCKER 1 WOODBINE AVENUE LARCHMONT NY 10538 13333907 0 X WWW.LARCHMONTYC.ORG X 1887 NY TO INSTILL AND ENHANCE AN INTEREST IN YACHTING AND PROVIDE AN ACTIVE ENJOYABLE SOCIAL ENVIRONMENT FOR ITS MEMBERS AND THEIR FAMILIES. 14 14 331 100 378236 74367 0 0 7287293 8294647 20981 5335 2936294 4291195 10244568 12591177 0 0 0 0 4944911 6263718 0 0 0 3597383 5129603 8542294 11393321 1702274 1197856 29937643 29730214 15448031 13818179 14489612 15912035 X SEE SCHEDULE O 0 0 TAX EXEMPT CLUB ACTIVITIES. 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 0 0 0 1 37 0 1 331 1 1 1 0 0 0 0 2866019 487247 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KERRY RISLEY-FREDERICKS CONTROLLER THE CLUB 9148342440 1 WOODBINE AVENUE LARCHMONT NY 10538 X ROBERT E DAILEY JR COMMODORE 3.00 X X 0 0 0 STEVEN J LEICHT VICE COMMODORE 3.00 X X 0 0 0 J CHRISTOPHER SCHOEN REAR COMMODORE 3.00 X X 0 0 0 MERRILL A ULMER SECRETARY 3.00 X X 0 0 0 COLLAMORE R CROCKER TREASURER 3.00 X X 0 0 0 HL DEVORE TRUSTEE 3.00 X 0 0 0 COREY A EVAES TRUSTEE 3.00 X 0 0 0 COLIN A MCGRANAHAN TRUSTEE 3.00 X 0 0 0 KAREN E RONAN TRUSTEE 3.00 X 0 0 0 BRIAN P MCCLOSKEY TRUSTEE 3.00 X 0 0 0 ANDREW B WEISS TRUSTEE 3.00 X 0 0 0 EDWARD J FERRARONE III TRUSTEE 3.00 X 0 0 0 JANE R MCFARLAND TRUSTEE 3.00 X 0 0 0 ANN M MCCREERY TRUSTEE 3.00 X 0 0 0 HARPER SIBLEY GENERAL MANAGER 40.00 X 254260 0 614 KERRY RISLEY-FREDERICKS CONTROLLER 40.00 X 166685 0 27137 ADAM LAKIS EXECUTIVE CHEF 40.00 X 113617 0 24104 RODRIGO PAULINO WATERFRONT DIRECTOR 40.00 X 156810 0 14052 691372 0 65907 4 0 1 0 0 MEMBERSHIP DUES 900099 5428628 5428628 CAPITAL ASSESSMENT 900099 1623987 1623987 INITIATION FEES 900099 1242032 1242032 8294647 5335 5335 4158701 742730 3415971 3043070 372901 CARES ACT - ERPTC 900099 678039 678039 INSURANCE PROCEEDS 900099 197185 197185 875224 12591177 11337717 378236 875224 310649 4572876 106881 765439 507873 22903 33500 639388 105957 23720 707743 353533 1419156 501388 GENERAL SUPPLIES 643542 REPAIRS & MAINTENANCE 414353 OTHER SPORTS ACTIVITIES 248583 UNRELATED BUS. INC. TAX 15837 11393321 18501 180861 5710861 5785734 2678231 2194398 135389 163398 179941 182335 38567209 17343721 21214720 21223488 29937643 29730214 1551265 927275 9490201 8444422 4406565 4446482 15448031 13818179 X 14489612 15912035 14489612 15912035 29937643 29730214 X 1197856 224567 X 0 1 X 1 0 1953174 2855517 2369436 2439255 910951 2582839 1540616 1953174 2879260 2000561 3968870 910951 2288313 1494880 903933 2879260 1769803 1431671 913161 2288313 1.00000 0 0 250501 250501 9086599 6927664 2158935 559878 314409 245469 4989220 4012567 976653 23681011 6089081 17591930 21223488 UNEARNED MEMBERSHIP DUES 2837534 UNEARNED WATERFRONT/POOL ASSESSMENT 442643 CURRENT MATURITIES OF LOANS PAYABLE 1045847 INTEREST RATE SWAP LIABILITY 120458 4446482 13553139 967297 967297 12585842 5335 5335 12591177 12130716 742730 742730 11387986 5335 5335 11393321 PART V, LINE 4: THE BOARD DESIGNATED FUNDS ARE USED FOR THE FOLLOWING: 1. IDEAL 18 - TO PURCHASE IDEAL 18 BOATS WHEN NEEDED. 2. MARINE CONTIGENCY IS TO COVER EXPENSES THAT WOULD BE NECESSARY IF A BAD STORM HITS FOR THINGS NOT COVERED BY INSURANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 742,730. CHANGE IN INTEREST RATE SWAP 224,567. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS UP INTEREST INCOME 5,335. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 742,730. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS UP UNRELATED BUS INC TAX 5,335. X X 0 0 0 HARPER SIBLEY GENERAL MANAGER 254260 0 0 0 0 0 0 0 614 0 254874 0 0 0 KERRY RISLEY-FREDERICKS CONTROLLER 145685 0 21000 0 0 0 6765 0 20372 0 193822 0 0 0 RODRIGO PAULINO WATERFRONT DIRECTOR 154810 0 2000 0 0 0 0 0 14052 0 170862 0 0 0 PART III - LINE 1 THE MISSION OF THE LARCHMONT YACHT CLUB (THE "CLUB") IS TO: INSTILL AND ENHANCE AN INTEREST IN YACHTING AND THE SPIRIT OF SPORTSMANSHIP IN MEMBERS AND THEIR FAMILIES; ENCOURAGE AND PROVIDE PROGRAMS FOR MEMBERS AND THEIR FAMILIES TO PROMOTE AND SUPPORT YACHT RACING IN THE CORINTHIAN SPIRIT; SUPPORT A PROGRAM OF YACHT RACING EVENTS THAT MEETS THE EXPECTATIONS OF MEMBERS AND THEIR FAMILIES AND ENHANCES THE REPUTATION OF THE CLUB AS A PRESTIGIOUS CENTER OF YACHTING AND YACHT RACING; ENCOURAGE AND PROVIDE COMPATIBLE LEISURE AND SPORTING ACTIVITIES, INCLUDING INTRA AND INTERCLUB COMPETITIONS; PROVIDE AN ACTIVE AND ENJOYABLE FAMILY-ORIENTED SOCIAL ENVIRONMENT WHICH MEMBERS AND THEIR FAMILIES WILL SUPPORT, AND IN WHICH THEY CAN PARTICIPATE, WITH PRIDE AND ENTHUSIASM. FORM 990, PART VI, SECTION A, LINE 6 LARCHMONT YACHT CLUB WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THERE IS A NOMINATING COMMITTEE THAT RECOMMENDS MEMBERS TO FILL THE OFFICERS AND TRUSTEES POSITIONS. THIS IS THEN APPROVED BY THE MEMBERSHIP AT THE ANNUAL MEETING IN NOVEMBER. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL RENOVATIONS AND ELECTIONS OF OFFICERS AND TRUSTEES MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER AND ALSO PLACED IN THE CONTROLLER'S OFFICE FOR ADDITIONAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DOCUMENT. THIS DOCUMENT IS REVIEWED AND KEPT ON FILE IN THE ACCOUNTING OFFICE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED BY THE COMPENSATION AND EMPLOYEE RELATIONS COMMITTEE AND OFFICIALLY APPROVED BY THE EXECUTIVE COMMITTEE (COMMODORES, TREASURER & SECRETARY). FORMAL MANAGEMENT REVIEWS ARE COMPLETED BY THE GENERAL MANAGER. THE FORMAL REVIEW OF THE GENERAL MANAGER IS DONE BY THE EXECUTIVE COMMITTEE, WHICH IS COMMUNICATED TO THE GENERAL MANAGER BY THE COMMODORES. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT 224,567.