2023-09-15T15:13:51-05:00 2022-12-31 161071694 SCIARABBA WALKER & CO LLP 410 EAST UPLAND ROAD ITHACA NY 14850 990 2022-01-01 150349097 ITHACA YACHT CLUB ITHA 6072725550 CO SW 410 EAST UPLAND ROAD ITHACA NY 14850 JUDY L SINGER TREASURER 6072725550 2023-11-15 1 JUDY SINGER XXX-XX-XXXX 0 KASSANDRA K SINN P01987861 6072725550 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JUDY L SINGER C/O SW 410 EAST UPLAND ROAD ITHACA NY 14850 578754 0 X WWW.ITHACAYC.ORG X 1907 NY TO PROVIDE ACCESS TO CAYUGA LAKE FOR INDIVIDUALS AND FAMILIES FOR RELATED RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES, PROMOTING FRIENDSHIP AND CAMARADERIE IN THE PROCESS. 12 12 22 30 35830 0 317288 355084 223571 221296 126 130 -21 -966 540964 575544 0 0 0 0 61447 76893 0 0 0 387786 473390 449233 550283 91731 25261 2154249 2163755 1147841 1132089 1006408 1031666 SEE BELOW 0 0 308274 TO PROVIDE ACCESS TO CAYUGA LAKE FOR INDIVIDUALS AND FAMILIES FOR RELATED RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES, PROMOTING FRIENDSHIP AND CAMARADERIE IN THE PROCESS. 308274 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 22 1 1 1 0 0 0 0 0 0 9584 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 NY X SCIARABBA WALKER & CO LLP 6072725550 410 EAST UPLAND ROAD ITHACA NY 14850 X JOHN FORD COMMODORE 1.00 X X 0 0 0 COSTA LAMBROU VICE COMMODORE 1.00 X X 0 0 0 JUDY L SINGER TREASURER 1.00 X X 0 0 0 BOBBI SMITH SECRETARY 1.00 X X 0 0 0 SAM SCHEUPBACH DIRECTOR 1.00 X 0 0 0 GEORGE BREUHAUS DIRECTOR 1.00 X 0 0 0 GWEN BULLOCK DIRECTOR 1.00 X 0 0 0 WILLIAM GAGE DIRECTOR 1.00 X 0 0 0 DAVID FILIBERTO DIRECTOR 1.00 X 0 0 0 BETH BREUHAUS DIRECTOR 1.00 X 0 0 0 LIZ CLARK DIRECTOR 1.00 X 0 0 0 TOM THURBER REAR-COMMODORE 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 349226 5858 355084 HARBOR MASTER 713990 137188 137188 SAILING MASTER 713990 75508 39808 35700 F&B 713990 8600 8600 221296 130 130 1546 3210 -1664 -1664 OTHER INCOME 900003 698 698 698 575544 184630 35830 0 70109 42041 28068 6784 3659 3125 2445 2445 67460 67460 1657 1657 481 297 184 28110 27931 179 98104 98104 59334 59334 REPAIR AND MAINTENANCE 58890 58650 240 PROPERTY TAXES 56161 56161 UTILITIES 42762 42741 21 CREDIT CARD/BANK FEES 14241 5318 8923 43745 27876 15869 550283 308274 242009 0 446772 410795 387389 433623 5655 5199 35093 17247 4008423 2731671 1262829 1276752 16511 20045 0 94 2154249 2163755 39592 11661 625621 617982 482628 502446 1147841 1132089 X 1006408 1031666 1006408 1031666 2154249 2163755 X 25261 -3 X X 0 1 X 1 0 127326 127326 2641874 1882939 758935 598133 389234 208899 382413 249527 132886 258677 209971 48706 1276752 TAXES & INSURANCE PAYABLE 250 SALES TAX PAYABLE -13 PREPAID DUES 365716 PREPAID MARINA/MOORING 129327 DOCK NOTES 6500 PAYROLL LIABILITES 666 502446 X 578754 3210 3210 575544 0 575544 553495 3210 3210 550285 -2 -2 550283 PART X, LINE 2: THE CLUB FOLLOWS THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR RECORDING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ADDITIONALLY, THIS STANDARD PROVIDES GUIDANCE ON THE RECOGNITION, CLASSIFICATION, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE REQUIREMENTS FOR CERTAIN TAX POSITIONS. AT DECEMBER 31, 2021, THE CLUB DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR ANY RELATED ACCRUED INTEREST OR PENALTIES. THE TAX YEARS OPEN TO EXAMINATION BY THE FEDERAL AND NEW YORK STATE TAXING AUTHORITIES ARE 2018 THROUGH 2021. SIGNIFICANT MANAGEMENT JUDGMENT IS REQUIRED IN DETERMINING UNCERTAIN TAX POSITIONS. WHILE THE ORGANIZATION BASES ITS ESTIMATES ON HISTORICAL EXPERIENCE AND VARIOUS OTHER ASSUMPTIONS THAT MANAGEMENT BELIEVES TO BE REASONABLE UNDER THE CIRCUMSTANCES, ACTUAL RESULTS MAY DIFFER FROM THESE ESTIMATES, AND, AS A RESULT, COULD HAVE A MATERIAL IMPACT ON THE FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,210. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,210. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -2. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MADE BY THE BOARD ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY BOOKKEEPER AND MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALY OR AS THEY ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OR INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT -3. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.