Totals
- Total revenue
- $9,017,390
- Total expenses
- $13,111,475
- Contributions and grants received
- $0
- Grants paid
- $150
- Program service revenue
- $7,502,509
- Investment income
- $161,766
- Other revenue
- $1,353,115
- Total assets, end of year
- $64,435,835
- Total liabilities, end of year
- $13,334,461
- Net assets or fund balances, end of year
- $51,101,374
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES
total $5,664,493 · related or exempt $5,664,493
-
2b · Program service revenue: TENNIS AND PRO SHOP
total $764,671 · related or exempt $764,671
-
2c · Program service revenue: WATERFRONT
total $445,320 · related or exempt $445,320
-
2d · Program service revenue: RENTALS
total $243,305 · related or exempt $123,780 · unrelated business $119,525
-
2e · Program service revenue: OTHER SPORTS & ACTIVITY
total $140,440 · related or exempt $140,440
-
2f · All other program service revenue
total $244,280 · related or exempt $244,280
-
3 · Investment income
total $130,475 · unrelated business $130,475
-
7a · Gross sales of assets other than inventory
securities $6,606,554 · other assets $12,746
-
7b · Less cost or other basis and sales expenses
securities $6,588,009 · other assets $0
-
7c · Gain or loss
securities $18,545 · other assets $12,746
-
7d · Net gain or loss
total $31,291 · related or exempt $12,746 · unrelated business $18,545
-
10a · Gross sales of inventory
$2,835,845
-
10b · Cost of goods sold
$1,482,730
-
10c · Net income from sales of inventory
total $1,353,115 · related or exempt $1,270,202 · unrelated business $82,913
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $150
-
5 · Compensation of officers, directors and key employees
total $1,651,288
-
7 · Other salaries and wages
total $2,186,735
-
8 · Pension plan contributions
total $70,957
-
9 · Other employee benefits
total $537,432
-
10 · Payroll taxes
total $429,746
-
11a · Fees: management
total $29,507
-
11b · Fees: legal
total $63,608
-
11c · Fees: accounting
total $20,400
-
11g · Fees: other
total $155,204
-
12 · Advertising and promotion
total $6,614
-
13 · Office expenses
total $393,828
-
14 · Information technology
total $167,418
-
16 · Occupancy
total $1,083,091
-
19 · Conferences, conventions and meetings
total $17,091
-
20 · Interest
total $285,787
-
22 · Depreciation, depletion and amortization
total $4,078,670
-
23 · Insurance
total $136,811
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $942,547
-
24b · Other expenses: PROGRAMS
total $651,675
-
24c · Other expenses: ENTERTAINMENT
total $99,620
-
24d · Other expenses: MERCHANDISE
total $55,863
-
24e · All other expenses
total $47,433
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,308,909 · end of year $1,899,494
-
4 · Accounts receivable
beginning of year $82,552 · end of year $143,432
-
8 · Inventories for sale or use
beginning of year $497,815 · end of year $556,943
-
9 · Prepaid expenses and deferred charges
beginning of year $237,217 · end of year $168,260
-
10a · Land, buildings and equipment: cost or other basis
$112,852,273
-
10b · Land, buildings and equipment: accumulated depreciation
$52,805,609
-
10c · Land, buildings and equipment, net
beginning of year $59,554,140 · end of year $60,046,664
-
11 · Investments: publicly traded securities
beginning of year $2,471,913 · end of year $1,621,042
-
17 · Accounts payable and accrued expenses
beginning of year $363,057 · end of year $727,834
-
19 · Deferred revenue
beginning of year $1,774,717 · end of year $2,150,777
-
23 · Secured mortgages and notes payable
beginning of year $8,890,492 · end of year $8,574,902
-
25 · Other liabilities
beginning of year $1,928,948 · end of year $1,880,948
-
27 · Net assets without donor restrictions
beginning of year $53,195,332 · end of year $51,101,374
Mission and programs · 2023
Mission
THE PURPOSE OF THE CLUB IS TO ENCOURAGE SAILING, ANGLING AND BOATING AND TO PROVIDE RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES FOR ITS MEMBERS AND THEIR FAMILIES AND GUESTS.
Activities or mission (Part I)
TO MAINTAIN A CLUBHOUSE AND FACILITIES; TO CULTIVATE A SOCIAL SPIRIT AMONG ITS MEMBERS; TO PROVIDE THEM WITH LAWFUL RECREATION TO DO GENERALLY WHATEVER MAY SERVE FOR THE ADVANCEMENT, BENEFIT, DIVERSION OR PLEASURE OF THE MEMBERS.
-
THE FOOD & BEVERAGE PROGRAM WAS AVAILABLE TO MEMBERS 7 DAYS A WEEK FROM EARLY JUNE THRU SEPTEMBER WITH OTHER SPECIAL EVENTS HELD IN THE SHOULDER SEASON. THIS PROGRAM SERVED OVER 350 MEMBERSHIPS, THEIR FAMILIES AND GUESTS.
-
THE TENNIS & SWIM PROGRAM IS AVAILABLE TO MEMBERS DURING THE SEASON FROM MID-JUNE THROUGH EARLY SEPTEMBER. OVER 150 MEMBERSHIPS HAD PARTICIPATION IN TENNIS & SWIM ACTIVITIES. THIS PROGRAM ALSO SERVES MEMBERS OF JUST THIS FACILITY, AS WELL AS LOCAL MEMBERSHIPS AND SOME MEMBERS OF THE PUBLIC FOR TENNIS PROGRAMS ONLY.
-
THE WATERFRONT FACILITY COVERS ALL ASPECTS OF WATERFRONT SPORTS FOR OUR MEMBERS INCLUDING SAILING LESSONS, SAIL BOAT RACES, KAYAK AND PADDLEBOARD RENTALS. WE HAVE DOCK SPACE FOR SEASONAL AND TRANSIENT BOAT SLIPS FOR MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Cece FowlerCECE FOWLER
COMMODORE
- Total calculated
- $0
- Hours/week
- 2
-
Matt DwyerMATT DWYER
COMMODORE
- Total calculated
- $0
- Hours/week
- 2
-
Rhonda McDonaldRHONDA MCDONALD
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Grady DurhamGRADY DURHAM
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Susan McCollumSUSAN MCCOLLUM
REAR COMMODORE
- Total calculated
- $0
- Hours/week
- 2
-
Almond GodutiALMOND GODUTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul CollinsPAUL COLLINS
VICE COMMODORE
- Total calculated
- $0
- Hours/week
- 2
-
William WittenbergWILLIAM WITTENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hugh DavisHUGH DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William EinsteinWILLIAM EINSTEIN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Mary-Louise CohenMARY-LOUISE COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rachel SheridanRACHEL SHERIDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bruce TurnerBRUCE TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephen CreeseSTEPHEN CREESE
GENERAL MANAGER
- Total calculated
- $392,416
- From this org
- $363,387
- From related orgs
- $0
- Other
- $29,029
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $261,387
- Bonus
- $60,000
- Other
- $42,000
- Deferred
- $0
- Nontaxable benefits
- $29,029
- Filer's total
- $392,416
-
Kerry TiltonKERRY TILTON
CHIEF FINANCIAL OFFICER
- Total calculated
- $225,670
- From this org
- $196,673
- From related orgs
- $0
- Other
- $28,997
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,673
- Bonus
- $32,000
- Other
- $18,000
- Deferred
- $0
- Nontaxable benefits
- $28,997
- Filer's total
- $225,670
-
Christian PavesiCHRISTIAN PAVESI
ASSISTANT GENERAL MANAGER
- Total calculated
- $308,164
- From this org
- $297,855
- From related orgs
- $0
- Other
- $10,309
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,855
- Bonus
- $55,000
- Other
- $48,000
- Deferred
- $0
- Nontaxable benefits
- $10,309
- Filer's total
- $308,164
-
John LuyrinkJOHN LUYRINK
TENNIS & SWIM DIRECTOR
- Total calculated
- $326,751
- From this org
- $264,424
- From related orgs
- $0
- Other
- $62,327
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,424
- Bonus
- $40,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $62,327
- Filer's total
- $326,751
-
Megan MaltbyMEGAN MALTBY
MEMBERSHIP DIRECTOR
- Total calculated
- $179,009
- From this org
- $150,012
- From related orgs
- $0
- Other
- $28,997
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,012
- Bonus
- $25,000
- Other
- $18,000
- Deferred
- $0
- Nontaxable benefits
- $28,997
- Filer's total
- $179,009
-
Nicholas FixNICHOLAS FIX
HEAD CHEF
- Total calculated
- $239,934
- From this org
- $210,937
- From related orgs
- $0
- Other
- $28,997
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,437
- Bonus
- $17,500
- Other
- $42,000
- Deferred
- $0
- Nontaxable benefits
- $28,997
- Filer's total
- $239,934
-
William CowzerWILLIAM COWZER
FACILITIES MANAGER
- Total calculated
- $160,140
- From this org
- $131,143
- From related orgs
- $0
- Other
- $28,997
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $103,743
- Bonus
- $13,000
- Other
- $14,400
- Deferred
- $0
- Nontaxable benefits
- $28,997
- Filer's total
- $160,140
-
Emma ConwayEMMA CONWAY
WATERFRONT DIRECTOR
- Total calculated
- $176,382
- From this org
- $117,985
- From related orgs
- $0
- Other
- $58,397
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $92,985
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $58,397
- Filer's total
- $176,382
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- -AS PART OF THEIR EMPLOYMENT THE GENERAL MANAGER, ASSISTANT GENERAL MANAGER, AND TENNIS & SWIM DIRECTOR ARE GIVEN A HOUSING ALLOWANCE THAT IS NONTAXABLE TO THEM AND IS REPORTED IN PART II, COLUMN (D)- NONTAXABLE BENEFITS. -THE EXECUTIVE CHEF RECEIVES A $1,000 PER MONTH HOUSING ALLOWANCE THAT IS TAXABLE AND IS REPORTED IN PART II, COLUMN (B), III-OTHER REPORTABLE COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432819349300418
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