2023-11-08T14:10:34-06:00 2022-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-01-01 131102800 THE NEW YORK YACHT CLUB NEWY 2123821000 37 WEST 44TH STREET NEW YORK NY 100366613 PETER P BENEDETTO II SECRETARY 2123821000 2023-10-17 1 PETER BENEDETTO II 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER P BENEDETTO II 37 WEST 44TH STREET NEW YORK NY 100366613 29505620 0 X WWW.NYYC.ORG X 1865 NY TO ATTRACT AND BRING TOGETHER A DEDICATED GROUP IN YACHTING (CONTINUE ON SCHEDULE O). 22 22 298 360 1958224 0 25000 0 12223407 12927475 1226149 422031 9188712 11506383 22663268 24855889 1371507 705133 0 0 10222725 13068583 0 0 0 8862485 10334483 20456717 24108199 2206551 747690 54553348 51553114 4276838 2839090 50276510 48714024 X TO ATTRACT AND BRING TOGETHER A DEDICATED GROUP IN YACHTING AND NAVAL MEMBERS TO SHARE AND FOSTER THEIR INTEREST IN YACHTING AND YACHT RACING;(CONTINUE ON 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 125 0 1 298 1 1 1 0 0 0 1 1 3090220 2224100 0 0 0 X 22 22 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 0 1 0 X THE CLUB 2123821000 37 WEST 44TH STREET NEW YORK NY 100366613 X PAUL M ZABETAKIS MD COMMODORE 3.00 X X 0 0 0 L JAY CROSS VICE COMMODORE 3.00 X X 0 0 0 CLARE G HARRINGTON REAR COMMODORE 3.00 X X 0 0 0 PETER P BENEDETTO II SECRETARY 3.00 X X 0 0 0 JOHN C R HELE TREASURER 3.00 X X 0 0 0 EDWARD ROCKWELL CESARE TRUSTEE 3.00 X 0 0 0 JOHN J FAUTH TRUSTEE 3.00 X 0 0 0 SUSANNE LEECH TRUSTEE 3.00 X 0 0 0 LINDA LINQUIST-BISHOP TRUSTEE 3.00 X 0 0 0 SENET S BISCHOFF TRUSTEE 3.00 X 0 0 0 PETER LEVESQUE TRUSTEE 3.00 X 0 0 0 RALPH U WHIPPLE JR TRUSTEE 3.00 X 0 0 0 STEVEN A WOLFF TRUSTEE 3.00 X 0 0 0 BRIAN C COX TRUSTEE 3.00 X 0 0 0 AUSTIN T FRAGOMEN JR TRUSTEE 3.00 X 0 0 0 G THOMPSON HUTTON TRUSTEE 3.00 X 0 0 0 PETER CLENNEN TRUSTEE 3.00 X 0 0 0 BENJAMIN E KINNEY TRUSTEE 3.00 X 0 0 0 FORREST G WILLIAMS II TRUSTEE 3.00 X 0 0 0 JAMES A HILTON TRUSTEE 3.00 X 0 0 0 D'ARCY CARR TRUSTEE 3.00 X 0 0 0 BELINDA J SHEPARD TRUSTEE 3.00 X 0 0 0 TIMOTHY J MCCORMICK CO-GENERAL MANAGER 37.50 X 568740 0 52675 JAMES B BOYD CO-GENERAL MANAGER 40.00 X 506709 0 57485 MICHAEL CRONIN CPA COMPTROLLER 37.50 X 419706 0 54839 JOHN RELLAH JR EXECUTIVE CHEF 37.50 X 255630 0 49531 JULIA GARABEDIAN RUEGG DIRECTOR OF FACILITIES 37.50 X 188764 0 39454 TIMOTHY HILL SENIOR DIRECTOR OF COMM. & MEMBER 37.50 X 194084 0 40742 MATTHEW DELANEY CHIEF ENGINEERING 40.00 X 176860 0 32505 2310493 0 327231 9 0 1 0 0 DUES 900099 9837255 9837255 CAPITAL CHARGES 900099 2243804 2243804 ENTRANCE FEES 900099 846416 846416 12927475 263675 263675 1201931 10000 1053575 0 148356 10000 158356 148356 10000 15102539 3596156 11506383 9960190 1546193 24855889 22887665 1958224 10000 705133 1185609 8815254 665778 1492895 909047 22402 38863 49349 52957 1265009 370282 1045587 47074 58608 2961149 784149 UNRELATED BUS. INC. TAX -4425 YACHTING EXPENSES 1630205 FOOD & BEV. OPERATIONS 660261 OTHER DEPT. OPERATIONS 571684 781329 24108199 6772338 5503631 3208519 2135764 507013 650792 934939 1206876 60425583 26628138 33972934 33797445 9157605 8258606 54553348 51553114 2113454 2140911 1950059 505332 213325 192847 4276838 2839090 X 50089187 48526701 187323 187323 50276510 48714024 54553348 51553114 747690 -2310176 0 X 0 1 X 1 0 187323 187323 187323 187323 187323 187323 187323 187323 187323 187323 1.00000 0 0 3427725 3427725 37838002 18869244 18968758 9594315 7602264 1992051 9565541 156630 9408911 33797445 SPECIAL PURPOSE FUNDS 192847 192847 26092520 -2310176 3596156 1285980 24806540 49349 49349 24855889 27655006 3596156 3596156 24058850 49349 49349 24108199 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSIST OF GIFTS TO THE CLUB, THE PRINCIPAL OF WHICH IS PERMANENTLY RESTRICTED AND THE RETURN OF WHICH IS BEING SED TO SUBSIDIZE WATER ACTIVITIES IN ACCORDANCE WITH THE DONORS' WISHES. THE CLUB CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND. 2. THE PURPOSES OF THE CLUB AND THE DONOR-RESTRICTED FUND. 3. GENERAL ECONOMIC CONDITIONS. 4. THE POSSIBLE EFFECT OF INFLATION AND DEFLATION. 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS. 6. OTHER RESOURCES OF THE CLUB. 7. THE INVESTMENT POLICIES OF THE CLUB. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,596,156. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,596,156. 1 NEW YORK YACHT CLUB FOUNDATION 37 WEST 44TH STREET NEW YORK NY 10036 202021318 501 (C)(3) 399783 0 GENERAL SUPPORT SAILING YACHT RESEARCH FOUNDATION 26 MARINE AVE JAMESTOWN RI 02835 202021318 501 (C)(3) 100000 0 GENERAL SUPPORT 2 PART I, LINE 2: NEW YORK YACHT CLUB RECEIVES REQUESTS, FROM TIME TO TIME, FOR FUNDING FROM 501(C)(3) ORGANIZATIONS, UPON RECEIPT OF REQUEST, THE BOARD WILL REVIEW AND MAKE A DECISION ON FUNDING ACCORDINGLY. X X 0 0 0 TIMOTHY J MCCORMICK CO-GENERAL MANAGER 418740 0 150000 0 0 0 38896 0 13779 0 621415 0 0 0 JAMES B BOYD CO-GENERAL MANAGER 361701 0 145008 0 0 0 38896 0 18589 0 564194 0 0 0 MICHAEL CRONIN CPA COMPTROLLER 319706 0 100000 0 0 0 38896 0 15943 0 474545 0 0 0 JOHN RELLAH JR EXECUTIVE CHEF 205630 0 50000 0 0 0 30962 0 18569 0 305161 0 0 0 TIMOTHY HILL SENIOR DIRECTOR OF COMM. & MEMBER 162084 0 32000 0 0 0 22257 0 18485 0 234826 0 0 0 JULIA GARABEDIAN RUEGG DIRECTOR OF FACILITIES 148264 0 40500 0 0 0 21146 0 18308 0 228218 0 0 0 MATTHEW DELANEY CHIEF ENGINEERING 149375 0 27485 0 0 0 16562 0 15943 0 209365 0 0 0 FORM 990, PART I, LINE 1 AND NAVAL MEMBERS TO SHARE AND FOSTER THEIR INTEREST IN YACHTING AND YACHT RACING; TO SUSTAIN A LEADERSHIP ROLE IN YACHTING, ITS HISTORY, ITS DEVELOPMENT, THE PRESERVATION OF ITS TRADITIONS AND THE FURTHERANCE OF GOOD SEAMANSHIP; TO PROMOTE ITS HIGHEST FORM OF CORINTHIAN SPORTSMANSHIP IN NATIONAL AND INTERNATIONAL YACHTING FORUMS AND YACHT RACING COMPETITIONS. FORM 990, PART III, LINE 1 TO SUSTAIN A LEADERSHIP ROLE IN YACHTING, ITS HISTORY, ITS DEVELOPMENT, THE PRESERVATION OF ITS TRADITIONS AND THE FURTHERANCE OF GOOD SEAMANSHIP; TO PROMOTE ITS HIGHEST FORM OF CORINTHIAN SPORTSMANSHIP IN NATIONAL AND INTERNATIONAL YACHTING FORUMS AND YACHT RACING COMPETITIONS. THE CLUB MAINTAINS FACILITIES IN NEW YORK CITY AND NEWPORT, RHODE ISLAND, FOR THE USE AND ENJOYMENT OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE NEW YORK YACHT CLUB (THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING THE BOARD OF TRUSTEES GET PROXY'S FROM MEMBERS TO ELECT OFFICERS OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY WHICH ARE SUBJECT TO APPROVAL BY THE MEMBERSHIP ARE AS FOLLOWS: 1. ANNUAL BUDGETS. 2. CHANGE IN BY-LAWS. 3. ELECTIONS OF OFFICERS AND TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER AND COMPTROLLER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD COMPLETE ANNUAL DISCLOSURE FORMS. ALL TRANSACTIONS ARE REVIEWED AS TO POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15B TREASURER, HOUSE COMMITTEE CHAIRMAN AND COMPTROLLER ALL HAVE INPUT IN COMPENSATION REVIEW FOR SENIOR MANAGEMENT. OFFICERS AND TRUSTEES OF THE CLUB ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE IT'S GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.