2023-05-10T16:34:54-05:00 2021-12-31 043530102 MICHAEL J RAYMOND CPA 24 ROCKLAND ST UNIT 8 HANOVER MA 02339 990EZ 2021-01-01 041860160 SQUANTUM YACHT CLUB SQUA 6177704811 PO BOX 67 QUINCY MA 02170 PAUL ASTRELLA PRESIDENT 6174484500 2023-05-03 1 PAUL ASTRELLA 999009999 P01330601 7818294200 2023-05-03 X 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X X HTTPS://WWW.SQUANTUMYC.ORG/ X X 179640 X 83038 64276 32326 179640 500 46165 2250 29042 127651 205608 -25968 224097 -37615 160514 X 119022 78134 104967 85303 127 127 224116 163564 19 3050 224097 160514 X SQUANTUM YACHT CLUB PROVIDES ITS MEMBERS WITH BOATING AND YACHT SUPPORT SERVICES. IT ALSO PROMOTES BOAT SAFETY AND SPONSORS BOTH ADULT AND YOUTH BOATING ACTIVITIES. SQUANTUM YACHT CLUB HAS PROMOTED BOATING IN QUINCY BAY AND SURROUNDING WATERS SINCE THE LATE 1800S. THE CLUB HAS 80 REGULAR MEMBERS, 45 LIFE MEMBERS AND 35 SOCIAL MEMBERS. IT RUNS A JUNIOR SAILING PROGRAM FOR BOTH MEMBER AND NON-MEMBER CHILDREN IN THE COMMUNITY (AGES 8-17). THE SQUANTUM YACHT CLUB HAS BEEN HOSTING THE LIPTON CUP REGATTA IN THE MONTH OF JULY FOR OVER 30 YEARS. IT DRAWS BOTH JUNIOR AND ADULT SAILORS FROM ALL OVER NEW ENGLAND. SQUANTUM YACHT CLUB ALSO PROVIDES FREE USAGE OF IT'S HALL TO THE QUINCY HIGH SCHOOL SPORTS TEAMS AND OTHER CIVIC ORGANIZATIONS. SQUANTUM YACHT CLUB PROVIDES ITS MEMBERS WITH BOATING AND YACHT SUPPORT SERVICES. IT ALSO PROMOTES BOAT SAFETY AND SPONSORS BOTH ADULT AND YOUTH BOATING ACTIVITIES. SQUANTUM YACHT CLUB HAS PROMOTED BOATING IN QUINCY BAY AND SURROUNDING WATERS SINCE THE LATE 1800S. THE CLUB HAS 80 REGULAR MEMBERS, 45 LIFE MEMBERS AND 35 SOCIAL MEMBERS. IT RUNS A JUNIOR SAILING PROGRAM FOR BOTH MEMBER AND NON-MEMBER CHILDREN IN THE COMMUNITY (AGES 8-17). THE SQUANTUM YACHT CLUB HAS BEEN HOSTING THE LIPTON CUP REGATTA IN THE MONTH OF JULY FOR OVER 30 YEARS. IT DRAWS BOTH JUNIOR AND ADULT SAILORS FROM ALL OVER NEW ENGLAND. SQUANTUM YACHT CLUB ALSO PROVIDES FREE USAGE OF IT'S HALL TO THE QUINCY HIGH SCHOOL SPORTS TEAMS AND OTHER CIVIC ORGANIZATIONS. 0 0 PAUL ASTRELLA COMMODORE 60.00 0 0 0 ROBERT THOMAS VICE COMMODORE 20.00 0 0 0 CHARLES KOURAFAS REAR COMMONDORE 20.00 0 0 0 MATT WHIITEN TREASURER 10.00 0 0 0 STEPHEN REID FINANCIAL SECRETARY 1.00 0 0 0 CHRIS BLAIS DIRECTOR 8.00 0 0 0 CHRIS HARRINGTON DIRECTOR 12.00 0 0 0 DAVID NAUSS DIRECTOR 8.00 0 0 0 KEN MACLEOD DIRECTOR 0.00 0 0 0 KATE ORCHARD DIRECTOR 0.00 0 0 0 STEVE OUELLETTE DIRECTOR 4.00 0 0 0 PETER FORBES DIRECTOR 0.00 0 0 0 X 0 0 1 1 0 0 0 0 0 32253 0 MATT WHITTEN 811 E SQUANTUM ST QUINCY MA 02171 6177704811 0 0 0 0 0 0 0 FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE DESCRIPTION: INTEREST. AMOUNT: 73. DESCRIPTION: HALL FUNCTION. AMOUNT: 32253. TOTAL TO FORM 990-EZ, LINE 8: 32326. FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID ACTIVITY CLASSIFICATION: . GRANTEE NAME: BOSTON COLLEGE. DATE OF GIFT: 11/21/21. AMOUNT GIVEN: 500. FORM 990-EZ, PART I, LINE 14 DESCRIPTION: DEPRECIATION. AMOUNT: 5579. DESCRIPTION: OTHER EXPENSES. AMOUNT: 23463. TOTAL TO FORM 990-EZ, LINE 14: 29042. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: OFFICE. AMOUNT: 1913. DESCRIPTION: INSURANCE. AMOUNT: 10178. DESCRIPTION: PURCHASES. AMOUNT: 7306. DESCRIPTION: PAYROLL TAXES AND FEES. AMOUNT: 5647. DESCRIPTION: SUPPLIES. AMOUNT: 21213. DESCRIPTION: LAUNCH AND SAILING EXPENSES. AMOUNT: 9306. DESCRIPTION: TAXES. AMOUNT: 1384. DESCRIPTION: FLOAT AND EVENT EXPENSES. AMOUNT: 14783. DESCRIPTION: PROCESSING FEES. AMOUNT: 5250. DESCRIPTION: HALL FUNCTION EXPENSES. AMOUNT: 48994. DESCRIPTION: SALES TAX. AMOUNT: 1677. TOTAL TO FORM 990-EZ, LINE 16: 127651. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: MISAPPROPRIATED CASH. AMOUNT: -37615. 990 EZ PART I LINE 20 OTHER CHANGES IN NET ASSETS THE CLUB DISCOVERED OVER THE LAST SEVERAL YEARS THAT THERE WAS INAPPROPRIATE BOOKKEEPING AND OTHER ISSUES INCLUDING LACK OF CONTROLS THAT RESULTED IN A MISAPPROPRIATION OF FUNDS OF ABOUT $37615 FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 127. END OF YEAR AMOUNT: 127. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: SALES TAX PAYABLE. BEG. OF YEAR AMOUNT: 19. END OF YEAR AMOUNT: 1696. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1354. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.