2022-11-15T07:56:22-06:00 2021-12-31 043279444 TSOUTSOURAS & COMPANY PC 78 CENTRAL STREET IPSWICH MA 01938 990 2021-01-01 042481638 MANCHESTER SAILING ASSOCIATION INC MANC 9785268345 PO BOX 172 MANCHESTER BY THE SEA MA 01944 BOB LOCKWOOD TREASURER 9785268345 2022-11-14 1 BOB LOCKWOOD 999009999 JOHN J TSOUTSOURAS P00449952 9783560332 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BOB LOCKWOOD PO BOX 172 MANCHESTER BY THE SEA MA 01944 444458 0 X MANCHESTERSAILING.ORG X 1971 MA TO EDUCATE ALL PERSONS INTERESTED IN LEARNING THE ART OF SAILING. 8 8 11 38 0 0 48000 252099 94574 122132 -5134 5553 0 8938 137440 388722 0 0 0 0 49898 66670 0 0 0 67881 73585 117779 140255 19661 248467 325640 574887 0 780 325640 574107 TO EDUCATE ALL PERSONS INTERESTED IN LEARNING THE ART OF SAILING. 0 0 134057 127340 EDUCATION PROGRAMS TO TEACH THE ART OF SAILING SAFELY AND TO TEACH HOW TO OPERATE AND PROPERLY MAINTAIN SAILING BOATS. 134057 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 MA X BOB LOCKWOOD 9785268345 25 UNIVERSITY LANE MANCHESTER MA 01944 X TODD COOPER CHAIR 1.00 X X 0 0 0 ROBERT LOCKWOOD TREASURER 1.00 X X 0 0 0 DOMINIQUE DONOVAN DIRECTOR 1.00 X 0 0 0 KEVIN DONOVAN DIRECTOR 1.00 X 0 0 0 SIMON KOCH DIRECTOR 1.00 X 0 0 0 ANTHONY LEGGETT DIRECTOR 1.00 X 0 0 0 MIKE OPAL DIRECTOR 1.00 X 0 0 0 SUZANNE PINTO STEINERT DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 7200 62256 182643 95327 252099 TUITION 611620 122132 122132 122132 345 345 29251 24200 25871 22372 3380 1828 5208 5208 16431 7200 7493 8938 8938 388722 127340 0 9283 X 61785 61785 4885 4885 2484 2484 1166 1166 1788 1700 88 418 418 18472 18472 17565 17565 REPAIRS & MAINTENANCE 17023 17023 SUPPLIES 4565 4565 HARBOR FEES 2400 2400 PAYROLL FEES 1864 1864 5840 4078 1762 140255 134057 6198 0 183348 429679 4502 507166 365758 133990 141408 3800 3800 325640 574887 780 0 780 X 239632 552760 86008 21347 325640 574107 325640 574887 248467 0 X 1 X 0 0 0 X 57735 48200 27195 48000 189843 370973 159334 123560 121997 94574 122132 621597 57973 14870 16431 89274 275042 171760 164062 142574 328406 1081844 12000 32100 12150 12600 57000 125850 0 12000 32100 12150 12600 57000 125850 955994 674 691 677 574 345 2961 674 691 677 574 345 2961 275716 172451 164739 143148 328751 1084805 0.88130 0.90950 0.00270 0.00350 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: PPP LOAN FORGIVENESS DATE: 10/07/21 AMOUNT: 62256. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 507166 365758 141408 141408 X PART X, LINE 2: MSA IS EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS A PUBLICLY SUPPORTED ORGANIZATION AS DEFINED IN IRS SECTION 509(A)(2). MSA MAY, HOWEVER, INCUR A TAX LIABILITY ON CERTAIN ANCILLARY ACTIVITIES. THERE WAS NO SUCH LIABILITY FOR 2021. MSA RECOGNIZES CONTINGENT LIABILITIES FOR INCOME TAXES AND RELATED PENALTIES AND INTEREST IF IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. MSA DISCLOSES SUCH LIABILITIES IF IT IS REASONABLY POSSIBLE THAT A LIABILITY HAS BEEN INCURRED. IN ADDITION, INTEREST AND PENALTIES ARE ACCRUED ON ANY UNRECOGNIZED TAX BENEFIT FROM UNCERTAIN TAX POSITIONS. TAX YEARS 2018, 2019, 2020, AND 2021 ARE WITHIN THE STATUTE OF LIMITATIONS AND ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE JURISDICTIONS. X 0 AUCTION 23631 7200 16431 6473 1020 23631 7200 16431 6473 1020 7493 8938 GEORGE LOCKWOOD SON OF CURRENT TREASURER 6525 GEORGE IS AN EMPLOYEE OF MANCHESTER SAILING ASSOCIATION. 0 X 1 25871 MEAN MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT LOCKWOOD, TREASURER OF MANCHESTER SAILING, IS THE FATHER OF KEY EMPLOYEE GEORGE LOCKWOOD. DOMINIQUE DONOVAN, A DIRECTOR/OFFICER OF MANCHESTER SAILING, IS THE WIFE OF ANOTHER DIRECTOR/OFFICER, KEVIN DONOVAN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 1,602. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,602. ANNUAL APPEAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,026. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,026. TELEPHONE EXPENSE: PROGRAM SERVICE EXPENSES 828. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 828. WEBSITE EXPENSE: PROGRAM SERVICE EXPENSES 652. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 652. FUEL: PROGRAM SERVICE EXPENSES 494. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 494. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 418. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 418. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 299. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 299. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 225. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225. BOAT & TRAILOR REGISTRATION: PROGRAM SERVICE EXPENSES 160. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160. TAXES - OTHER: PROGRAM SERVICE EXPENSES 98. MANAGEMENT AND GENERAL EXPENSES 19. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117. AWARDS: PROGRAM SERVICE EXPENSES 19. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19.