2025-10-27T08:39:53-05:00 2024-12-31 161071694 SCIARABBA WALKER & CO LLP 410 EAST UPLAND ROAD ITHACA NY 14850 990 2024-01-01 150349097 ITHACA YACHT CLUB ITHA 6072725550 CO SW 410 EAST UPLAND ROAD ITHACA NY 14850 WILLIAM ARMS TREASURER 6072725550 2025-10-15 1 1 CHRISTOPHER E MOTT P01560114 6072725550 2024 2025-03-06 01:10:19Z WILLIAM ARMS C/O SW 410 EAST UPLAND ROAD ITHACA NY 14850 571365 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. 17 17 22 30 39357 0 377012 342913 230129 217009 199 6514 3214 1501 610554 567937 0 0 0 0 72707 82169 0 0 0 472125 494919 544832 577088 65722 -9151 1801144 1760649 703541 672196 1097603 1088453 SEE BELOW 0 0 313784 185667 TO PROVIDE ACCESS TO CAYUGA LAKE FOR INDIVIDUALS AND FAMILIES FOR RELATED RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES, PROMOTING FRIENDSHIP AND CAMARADERIE IN THE PROCESS. 313784 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 1 23 0 22 1 1 1 0 0 0 0 0 0 7401 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X SCIARABBA WALKER & CO LLP 6072725550 410 EAST UPLAND ROAD ITHACA NY 14850 X TOM THURBER COMMODORE 1.00 X X 0 0 0 LIZ SINGH VICE COMMODORE 1.00 X X 0 0 0 JUDY SINGER DIRECTOR 1.00 X 0 0 0 BOBBI SMITH DIRECTOR 1.00 X 0 0 0 BRAD BUELL DIRECTOR 1.00 X 0 0 0 GEORGE BREUHAUS DIRECTOR 1.00 X 0 0 0 ERIN CONNORS DIRECTOR 1.00 X 0 0 0 DAVID FILIBERTO DIRECTOR 1.00 X 0 0 0 JOHN FORD DIRECTOR 1.00 X 0 0 0 BETH BREUHAUS DIRECTOR 1.00 X 0 0 0 NEIL KLOHMANN REAR-COMMODORE 1.00 X X 0 0 0 WILLIAM ARMS TREASURER 1.00 X X 0 0 0 KATIE PEACOCK DIRECTOR 1.00 X 0 0 0 MICHAEL RYZEWIC DIRECTOR 1.00 X 0 0 0 BECKY MILLER DIRECTOR 1.00 X 0 0 0 CONSTA LAMBROU PAST COMMODORE 1.00 X 0 0 0 SCOTT WEISMANN TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 340632 2281 342913 HARBOR MASTER 713990 169676 169676 SAILING MASTER 713990 41033 14490 26543 F&B 713990 6300 6300 217009 6514 6514 1363 3428 -2065 -2065 OTHER INCOME 900099 3566 3566 3566 567937 185667 39357 0 X 74547 44444 30103 7622 4523 3099 75767 75767 11500 11500 1327 1327 1739 1739 23921 22601 1320 119510 119510 76966 76966 PROPERTY TAXES 52367 52367 ELECTRICITY 27145 27145 OUTSIDE SERVICES 23694 23694 REPAIR AND MAINTENANCE 20650 20650 60333 48151 12182 577088 313784 263304 0 444842 498730 3222 25887 5199 4034 17697 22513 4165609 2958372 1312353 1207237 17831 2248 1801144 1760649 9836 7211 150364 588657 495791 105048 18830 703541 672196 X 1097603 1088453 1097603 1088453 1801144 1760649 X -9151 1 X X 1 X 0 1 0 127326 127326 2666530 2005697 660833 768153 456514 311639 382413 277078 105335 221187 219083 2104 1207237 TAXES & INSURANCE PAYABLE 250 SALES TAX PAYABLE 10423 DOCK NOTES 6500 PAYROLL LIABILITES 1657 18830 X 571366 3429 3429 567937 0 567937 580516 3428 3428 577088 0 577088 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 3,428. ROUNDING ADJUSTMENT 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,428. 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 IX, LINE 24E CREDIT CARD/BANK FEES: PROGRAM SERVICE EXPENSES 14,584. MANAGEMENT AND GENERAL EXPENSES 351. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,935. MUSIC & ENTERTAINMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,744. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,744. PROPANE: PROGRAM SERVICE EXPENSES 8,309. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,309. SUPPLIES: PROGRAM SERVICE EXPENSES 5,409. MANAGEMENT AND GENERAL EXPENSES 553. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,962. YOUTH SAILING EXPENSE: PROGRAM SERVICE EXPENSES 5,099. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,099. CLUB FLEET MAINTENANCE: PROGRAM SERVICE EXPENSES 4,954. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,954. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 2,964. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,964. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 2,842. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,842. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 622. MANAGEMENT AND GENERAL EXPENSES 643. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,265. LIQUOR LICENSE: PROGRAM SERVICE EXPENSES 1,247. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,247. LICENSES & FEES: PROGRAM SERVICE EXPENSES 680. MANAGEMENT AND GENERAL EXPENSES 141. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 821. RECRUITING: PROGRAM SERVICE EXPENSES 755. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 755. SMALL EQUIPMENT AND TOOLS: PROGRAM SERVICE EXPENSES 686. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 686. OTHER TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250. FORM 990, PART XI, LINE 9: ROUNDING ADJUSMENT 1. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.