2023-07-25T06:48:58-05:00 2022-09-30 381910111 UHY ADVISORS MI INC 27725 STANSBURY BLVD SUITE 210 FARMINGTON HILLS MI 48334 990 2021-10-01 380613000 GROSSE POINTE YACHT CLUB GROS 3138842500 788 LAKE SHORE ROAD GROSSE POINTE SHORES MI 48236 ROBERT WEILAND OFFICER 3138842500 2023-07-24 1 ROBERT WEILAND 999009999 STEVEN KATZMAN P00950685 2483550280 2023-07-24 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ROBERT WEILAND 788 LAKE SHORE ROAD GROSSE POINTE SHORES MI 48236 14355402 0 X WWW.GPYC.ORG X 1938 MI PREMIER PRIVATE YACHT CLUB THAT PROVIDES HIGH-QUALITY FAMILY AND SOCIAL PROGRAMS TO ITS MEMBERS. 12 12 333 0 448990 447804 1242738 304617 6209273 6896091 73869 62024 51086 702448 7576966 7965180 0 0 0 0 1511647 3467412 0 0 0 3876065 4174615 5387712 7642027 2189254 323153 24549179 30388705 8570049 13251571 15979130 17137134 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 27 0 333 1 1 1 0 0 0 0 632384 814139 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 JASON J GROBBEL COMMODORE 1.00 X X 0 0 0 BRIAN L FISH VICE COMMODORE 1.00 X X 0 0 0 WILLIAM J DILLON REAR COMMODORE 1.00 X X 0 0 0 ROBERT V WEILAND TREASURER 1.00 X X 0 0 0 DAVID M SCHADEN 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 WILLIAM TURNER DIRECTOR 1.00 X 0 0 0 AARON WAGNER GENERAL MANAGER 40.00 X 245055 0 23593 JAMES DEMASSE CFO 40.00 X 160274 0 20787 405329 0 44380 2 0 1 0 TRINITY BUILDING GROUP 35020 KLIX STREET CLINTON TWP MI 48035 CONSTRUCTION SERVICES 1139580 EC KORNEFFEL CO 2691 VETERANS PARKWAY TRENTON MI 48183 CONSTRUCTION SERVICES 202104 GS ELECTRIC 2733 INMAN FERNDALE MI 48220 CONSTRUCTION SERVICES 128814 3 291988 12629 304617 MEMBERSHIP DUES & INITIATION FEES 713990 5208002 5208002 HARBOR FACILITIES 713990 1256491 1231246 25245 SAILING 713990 191535 191535 BOWLING 713940 98080 98080 PUBLICATIONS AND ADVERTISING 713990 60247 60247 81736 81736 6896091 43459 27551 15908 390799 16708 374091 374091 374091 1114294 1076769 18960 37525 -18960 18565 -18960 37525 5231265 5277785 -46520 -42741 -3779 EMPLOYEE RETENTION CREDIT 713910 299529 299529 MISCELLANEOUS 713990 49050 49050 LATE FEES 713990 26298 26298 374877 7965180 7211573 448990 0 X 2848016 51838 314878 252680 18951 435613 56477 341047 1344948 183847 REPAIRS & MAINTENANCE 277779 PROPERTY TAXES 221501 CLUB EVENTS 208154 SECURITY 171245 915053 7642027 402121 188115 16000 3250 1616503 1925794 246005 313208 213140 229696 43447843 18823996 19068885 24623847 2402620 1809250 583905 1295545 24549179 30388705 638285 935941 741665 817904 6153100 11027301 1036999 470425 8570049 13251571 X 15979130 17137134 15979130 17137134 24549179 30388705 X 323153 -358229 1193080 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37180550 14514851 22665699 1763730 1477691 286039 4238361 2731781 1506580 265202 99673 165529 24623847 DEFERRED COMPENSATION 470425 470425 X 14436045 1193080 1193080 13242965 -5277785 -5277785 7965180 12919812 5277785 5277785 7642027 0 7642027 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, 2022, THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRED ACCRUAL. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INTEREST RATE SWAP 1,193,080. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -5,277,785. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,277,785. X X X 0 0 0 AARON WAGNER GENERAL MANAGER 221535 0 23520 0 0 0 0 0 23593 0 268648 0 0 0 JAMES DEMASSE CFO 145274 0 15000 0 0 0 0 0 20787 0 181061 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 161,464. PROFESSIONAL FEES 154,632. COMPUTER & DATA PROCESSING 118,059. CONTRACTED SERVICES 111,295. EQUIPMENT RENT 109,848. INTERNET/TELEPHONE 81,289. LINENS 68,345. PRINTING & PUBLICATIONS 51,238. LANDSCAPING SERVICES 32,856. BANK AND INVESTMENT FEES 29,918. DONATIONS 9,588. FLOWERS & DECORATIONS 5,134. LICENSES 2,903. INCOME TAXES -21,516. FORM 990, PART XI, LINE 9: GAIN ON DERIVATIVE INTEREST RATE SWAP 1,193,080. 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 291988 BOOK/ACTUAL