2022-10-17T18:41:35-05:00 2021-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2021-01-01 050123595 CONANICUT YACHT CLUB CONA 4014231424 PO BOX 257 JAMESTOWN RI 02835 TOR HOLTAN TREASURER 4014231424 2022-10-17 1 TOR HOLTAN 999009999 ALEXANDER LAZZARUOLO P01775353 2126617777 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z TOR HOLTAN PO BOX 257 JAMESTOWN RI 02835 2203215 0 X WWW.CONANICUTYACHTCLUB.ORG X 1950 RI THE CONANICUT YACHT CLUB IS A PRIVATE, NON-PROFIT SOCIAL CLUB. IT OFFERS A FULL-SERVICE RESTAURANT, A FACILITY FOR RACQUET SPORTS, AS WELL AS SAILING AND BOATING ACTIVITIES. 16 16 81 16 235592 0 0 0 1273027 1269942 1000 113 -235909 681189 1038118 1951244 0 0 0 0 638546 1001877 0 0 0 634758 882326 1273304 1884203 -235186 67041 2685256 2751810 1583346 1059590 1101910 1692220 THE CONANICUT YACHT CLUB IS A PRIVATE, NON-PROFIT SOCIAL CLUB. IT OFFERS A FULL-SERVICE RESTAURANT, A FACILITY FOR RACQUET SPORTS, AS WELL AS SAILING AND BOATING ACTIVITIES. 0 0 TAX-EXEMPT ORGANIZATION 0 0 0 0 0 0 0 0 0 1 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 0 1 0 0 81 1 1 1 0 0 0 0 256389 292608 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 X PATRICK SAILLANT CONTROLLER 4014231424 40 BAY VIEW DR JAMESTOWN RI 02835 X ANDREW KALLFELZ COMMODORE 2.00 X X 0 0 0 CHARLES BEAL VICE COOMODORE 2.00 X X 0 0 0 ELIZABETH MOODY REAR COMMODORE 2.00 X X 0 0 0 DIANE GOODING SECRETARY 2.00 X X 0 0 0 TOR HOLTAN TREASURER 1.00 X X 0 0 0 FRANK PENSA MD FLEET SURGEON 1.00 X X 0 0 0 WILLIAM FORTENBERRY FLEET CAPTAIN 1.00 X X 0 0 0 WOOLEY DUTTON TRUSTEE 1.00 X 0 0 0 TENLEY VAN DER WAL TRUSTEE 1.00 X 0 0 0 KEN BRODIN TRUSTEE 1.00 X 0 0 0 PATRICK MULDOON TRUSTEE 1.00 X 0 0 0 NATALIE WRIGHT TRUSTEE 1.00 X 0 0 0 SHEILA REILLY TRUSTEE 1.00 X 0 0 0 CLAY BODEN TRUSTEE 1.00 X 0 0 0 PETER PARSONS TRUSTEE 1.00 X 0 0 0 ARNY SMITH TRUSTEE 1.00 X 0 0 0 BARRY STACER CLUB MANAGER 60.00 X 135866 0 0 135866 0 0 1 0 0 0 0 MEMBERSHIP DUES 900099 1013553 1013553 ASSESSMENTS 900999 150898 150898 INITIATION FEES 900099 105491 105491 1269942 113 113 933160 251971 681189 445597 235592 1951244 1715539 235592 113 891481 22683 87713 422 40627 83882 69282 88819 43105 152671 109031 UNRELATED BUS. INC. TAX 700 OTHER SPORTS ACTIVITIES 109180 FOOD & BEV OPERATIONS 81357 PADDLE & TENNIS OPERATI 73113 30137 1884203 28662 3779 252767 349090 28661 128089 36189 41621 32625 62314 4503280 2336363 2295346 2166917 11006 2685256 2751810 99088 126876 523269 11113 960989 906862 0 14739 1583346 1059590 X 1101910 1692220 1101910 1692220 2685256 2751810 67041 523269 0 X 0 1 X 1 0 252767 113 -96210 349090 252767 252767 1.00000 0 0 18976 18976 3180950 1246935 1934015 827435 706340 121095 475919 383088 92831 2166917 EMPLOYEES' GRATUITY FUND 14739 14739 2203215 251971 251971 1951244 0 1951244 2136174 251971 251971 1884203 0 1884203 PART V, LINE 4: THE BOARD-DESIGNATED ASSETS CONSISTS OF INITIATION FEES, CAPITAL ASSESSMENTS DESIGNATED FOR CAPITAL EXPENDITURES AND CERTAIN EXPENDITURES AS DETERMINED BY THE BOARD OF TRUSTEES. INTEREST EXPENSE ON LOANS FOR CAPITAL IMPROVEMENTS IS CHARGED TO THE FUND. THE CLUB TRANSFERS FROM THE BOARD DESIGNATED FUND TO THE OPERATING FUND AN AMOUNT EQUAL TO THE EXPENDITURES FOR PROPERTY AND EQUIPMENT, WHICH WERE FINANCED THROUGH THE FUND. THE CLUB ALSO TRANSFERS FROM THE DESIGNATED FUND TO THE OPERATING FUND AN AMOUNT EQUAL TO THE PRINCIPAL REPAYMENTS ON THE CLUB'S DEBT. THESE TRANSFERS WERE MADE TO ARRIVE AT A DESIGNATED FUND BALANCE, AS APPROVED BY THE BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 251,971. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 251,971. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB WAS FORMED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B DECISION OF THE BOARD OF TRUSTEES ARE SUBJECTED TO APPROVAL BY THE MEMBERSHIP IF IT IS A MEMBER MAJOR DECISION WHICH INCLUDES THE FOLLOWING ITEMS: EXPENDITURES OF $500,000 FOR A SINGLE PROJECT, BORROWING IN EXCESS OF $100,000, GRANTING A MORTGAGE ON A CLUB PROPERTY, ACQUIRING OR SELLING REAL ESTATE. FORM 990, PART VI, SECTION B, LINE 11B REVIEW WAS CONDUCTED BY GENERAL MANAGER AND TREASURER WITH ACCOUNTING FIRM BEFORE FILING. IT WAS CONDUCTED UPON A FINAL REVIEW GIVEN BY ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO SIGN ANNUAL AFFIRMATION OF COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15B FOR THE GENERAL MANAGER COMPENSATION, THE BOARD REVIEW THE PERFORMANCE OF THE EMPLOYEE AND REWARDS ACCORDINGLY. THE BOARD OF TRUSTEES OF THE CLUB ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE THE FINANCIAL STATEMENT, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES AVAILABLE TO THE GENERAL PUBLIC.