Totals
- Total revenue
- $7,073,733
- Total expenses
- $7,401,673
- Contributions and grants received
- $80,000
- Grants paid
- $0
- Program service revenue
- $5,120,062
- Investment income
- $22,106
- Other revenue
- $1,851,565
- Total assets, end of year
- $21,535,474
- Total liabilities, end of year
- $6,217,063
- Net assets or fund balances, end of year
- $15,318,411
- 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.
-
1f · All other contributions, gifts and grants
$80,000
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,832,219 · related or exempt $2,832,219
-
2b · Program service revenue: BERTH RENTAL
total $1,474,923 · related or exempt $1,474,923
-
2c · Program service revenue: YOUTH SAILING
total $596,101 · related or exempt $556,155 · unrelated business $39,946
-
2d · Program service revenue: REGATTAS
total $129,132 · related or exempt $129,132
-
2e · Program service revenue: AUXILIARY
total $87,687 · related or exempt $87,687
-
3 · Investment income
total $24,811 · unrelated business $24,811
-
7b · Less cost or other basis and sales expenses
other assets $2,705
-
7c · Gain or loss
other assets -$2,705
-
7d · Net gain or loss
total -$2,705 · related or exempt -$2,705
-
10a · Gross sales of inventory
$2,637,439
-
10b · Cost of goods sold
$1,070,611
-
10c · Net income from sales of inventory
total $1,566,828 · related or exempt $1,426,674 · unrelated business $140,154
-
11a · Other revenue: INITIATION FEES
total $222,283 · related or exempt $222,283
-
11b · Other revenue: NET ASSETS RELEASED FROM RESTRICT
total $45,235 · related or exempt $45,235
-
11c · Other revenue: OTHER INCOME
total $17,219 · related or exempt $17,219
-
11e · Other revenue, total
$284,737
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $239,112
-
7 · Other salaries and wages
total $2,552,780
-
9 · Other employee benefits
total $663,038
-
10 · Payroll taxes
total $238,293
-
20 · Interest
total $213,779
-
22 · Depreciation, depletion and amortization
total $877,476
-
23 · Insurance
total $504,049
-
24a · Other expenses: COMMITTEE EXPENSE
total $596,355
-
24b · Other expenses: ADMINISTRATIVE AND GENE
total $506,279
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $213,449
-
24d · Other expenses: UTILITIES
total $205,742
-
24e · All other expenses
total $591,321
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,485,573 · end of year $433,070
-
2 · Savings and temporary cash investments
beginning of year $116,803 · end of year $183,951
-
4 · Accounts receivable
beginning of year $697,207 · end of year $669,401
-
8 · Inventories for sale or use
beginning of year $120,247 · end of year $139,665
-
9 · Prepaid expenses and deferred charges
beginning of year $154,919 · end of year $297,559
-
10a · Land, buildings and equipment: cost or other basis
$24,192,491
-
10b · Land, buildings and equipment: accumulated depreciation
$8,429,173
-
10c · Land, buildings and equipment, net
beginning of year $16,086,538 · end of year $15,763,318
-
15 · Other assets
beginning of year $3,083,668 · end of year $4,048,510
-
17 · Accounts payable and accrued expenses
beginning of year $310,316 · end of year $578,939
-
19 · Deferred revenue
beginning of year $384,026 · end of year $390,018
-
25 · Other liabilities
beginning of year $5,471,410 · end of year $5,248,106
-
27 · Net assets without donor restrictions
beginning of year $15,462,400 · end of year $15,134,459
-
28 · Net assets with donor restrictions
beginning of year $116,803 · end of year $183,952
Mission and programs · 2022
Mission
THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7), WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE SINGLE PURPOSE OF SOCIAL AND RECREATIONAL BENEFITS.
Activities or mission (Part I)
SEE SCHEDULE O
-
SOCIAL AND RECREATIONAL PROGRAMS. SEE PART VIII FOR LISTING.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Madeline MoreyMADELINE MOREY
COMMODORE
- Total calculated
- $0
- Hours/week
- 10
-
Jennifer DaileyJENNIFER DAILEY
VICE COMMODORE
- Total calculated
- $0
- Hours/week
- 10
-
Quentin HillsQUENTIN HILLS
REAR COMMODORE
- Total calculated
- $0
- Hours/week
- 10
-
Stephen FentressSTEPHEN FENTRESS
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Robert SlaymakerROBERT SLAYMAKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Jeff CusackJEFF CUSACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Ethan DoyleETHAN DOYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
John EgelstonJOHN EGELSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Sc Don JesbergSC DON JESBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Cassidy LynchCASSIDY LYNCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Patricia YoungPATRICIA YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
David RobinsonDAVID ROBINSON
GENERAL MANAGER
- Total calculated
- $144,802
- From this org
- $127,994
- From related orgs
- $0
- Other
- $16,808
- Hours/week
- 40
-
Randi KortvelyRANDI KORTVELY
FINANCIAL OFFICIAL
- Total calculated
- $126,456
- From this org
- $111,118
- From related orgs
- $0
- Other
- $15,338
- Hours/week
- 40
-
Forrest GayFORREST GAY
SAILING DIRECTOR
- Total calculated
- $154,454
- From this org
- $140,394
- From related orgs
- $0
- Other
- $14,060
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $118,540
- Bonus
- $17,560
- Other
- $4,294
- Deferred
- $3,776
- Nontaxable benefits
- $10,284
- Filer's total
- $154,454
-
Dixon HollisDIXON HOLLIS
CLUB MANAGER
- Total calculated
- $153,452
- From this org
- $139,046
- From related orgs
- $0
- Other
- $14,406
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $114,356
- Bonus
- $24,690
- Other
- $0
- Deferred
- $3,386
- Nontaxable benefits
- $11,020
- Filer's total
- $153,452
-
Kevin TentisKEVIN TENTIS
HARBOR MASTER
- Total calculated
- $132,265
- From this org
- $122,123
- From related orgs
- $0
- Other
- $10,142
- Hours/week
- 40
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 · Discretionary spending account
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 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 1B
- RECEIPTS WERE SUBMITTED FOR REIMBURSEMENT UP TO THE ALLOTTED AMOUNT IN CONTRACT.
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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349314093
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