2023-10-16T10:24:15-05:00 2022-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-01-01 050123595 CONANICUT YACHT CLUB CONA 4014231424 PO BOX 257 JAMESTOWN RI 02835 TOR HOLTAN TREASURER 4014231424 2023-10-10 1 TOR HOLTAN 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TOR HOLTAN PO BOX 257 JAMESTOWN RI 02835 2263200 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. 14 14 65 30 172409 12634 0 0 1269942 1350909 113 4980 681189 635995 1951244 1991884 0 0 0 0 1001877 1133509 0 0 0 882326 917016 1884203 2050525 67041 -58641 2751810 2619583 1059590 986004 1692220 1633579 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 65 1 1 1 0 0 0 0 273947 172158 0 0 0 X 14 14 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 PO BOX 257 JAMESTOWN RI 02835 X CHARLEY BEAL COMMODORE 2.00 X X 0 0 0 BETSY MOODY VICE COOMODORE 2.00 X X 0 0 0 SALLY SCHOTT 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 A PENSA MD FLEET SURGEON 1.00 X X 0 0 0 PATRICK MULDOON FLEET CAPTAIN 1.00 X X 0 0 0 KEN BRODIN TRUSTEE 1.00 X 0 0 0 SHEILA REILLY TRUSTEE 1.00 X 0 0 0 CLAY BODEN FORMER TRUSTEE 1.00 X 0 0 0 PETER PARSONS TRUSTEE 1.00 X 0 0 0 AMY SMITH TRUSTEE 1.00 X 0 0 0 TENLEY VAN DER WAL TRUSTEE 1.00 X 0 0 0 KIMBERLY WESTCOTT TRUSTEE 1.00 X 0 0 0 NATALIE WRIGHT TRUSTEE 1.00 X 0 0 0 ENRICO COPPOLA CLUB MANAGER 60.00 X 121227 0 16506 121227 0 16506 1 0 0 0 0 MEMBERSHIP DUES 900099 1076962 1076962 ASSESSMENTS 900099 153592 153592 INITIATION FEES 900099 120355 120355 1350909 4980 4980 38997 0 38997 38997 18741 20256 868314 271316 596998 448310 148688 1991884 1799219 172409 20256 1004524 21094 107891 6870 25585 31681 112905 101348 37536 155973 124290 UNRELATED BUS. INC. TAX 1071 OTHER SPORTS ACTIVITIES 112936 FOOD & BEV OPERATIONS 88206 PADDLE & TENNIS OPERATI 82109 36506 2050525 3779 1469 349090 357291 128089 50516 41621 27574 62314 56565 4617809 2491641 2166917 2126168 2751810 2619583 126876 102412 11113 1000 906862 876503 14739 6089 1059590 986004 X 1692220 1633579 1692220 1633579 2751810 2619583 -58641 0 X 0 1 X 1 0 349090 273947 4980 270726 357291 252767 206678 113 110468 349090 252767 252767 1.00000 0 0 18976 18976 3216242 1334748 1881494 906672 745902 160770 475919 410991 64928 2126168 EMPLOYEES' GRATUITY FUND 6089 6089 2263200 271316 271316 1991884 0 1991884 2321841 271316 271316 2050525 0 2050525 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 271,316. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 271,316. 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.