2024-11-11T07:53:37-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-01-01 042074469 FALMOUTH YACHT CLUB INC FALM 5085483865 PO BOX 715 FALMOUTH MA 02540 CLIFF LONG TREASURER 5085483865 2024-11-08 1 1 KERRI RAWCLIFFE P01398485 4016216200 2024-11-08 2023 2024-10-15 13:58:12Z CLIFF LONG PO BOX 715 FALMOUTH MA 02540 1984020 0 X WWW.FALMOUTHYACHTCLUB.COM X 1990 MA THE PURPOSE OF THE CLUB IS TO PROMOTE YACHTING, PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE, AND ENCOURAGE GOOD FELLOWSHIP AMONG ITS MEMBERS. 18 18 58 68 56996 30943 0 0 1060690 1161834 404 39998 -48967 -130328 1012127 1071504 0 0 0 0 254224 301114 0 0 0 567997 605023 822221 906137 189906 165367 2847825 4134715 1255487 1293572 1592338 2841143 THE PURPOSE OF THE CLUB IS TO PROMOTE YACHTING, PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE, AND ENCOURAGE GOOD FELLOWSHIP AMONG ITS MEMBERS. 0 0 MAINTAINING DINING AND LOUNG FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS, MEMBER FAMILIES, AND THEIR GUESTS. MAINTAINING BEACH FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS, MEMBERS FAMILIES, AND THEIR INVITED GUESTS. MAINTAINING DOCKS AND MOORING FACILITIES TO FACILITATE THE SAILING AND OTHER BOATING ACTIVITIES OF MEMBERS, MEMBERS FAMILIES, AND THEIR INVITED GUESTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 0 1 2 0 1 58 1 1 1 0 0 0 0 65320 56343 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 X KRISTEN FEDERICO CHACE 5085483865 290 CLINTON AVENUE FALMOUTH MA 02541 X JEFF CAMUSO BOARD MEMBER 2.00 X 0 0 0 KATE KILLORY COMMODORE 2.00 X X 0 0 0 MICHAEL RICHARDS VICE COMMODORE 3.00 X X 0 0 0 CLIFF LONG TREASURER 5.00 X X 0 0 0 JAMES MCINNIS PAST COMMODORE 0.00 X 0 0 0 BRIDGET HEBERT BOARD MEMBER 2.00 X 0 0 0 SHIRLEY WALSH BOARD MEMBER 2.00 X 0 0 0 JOHN WAYNE BOARD MEMBER 2.00 X 0 0 0 VICTORIA CHAPMAN BOARD MEMBER 0.00 X 0 0 0 RICHARD O'CONNELL PAST COMMODORE 5.00 X 0 0 0 BOB SILVA PAST COMMODORE 2.00 X 0 0 0 PEGGY WALKER SECRETARY 5.00 X X 0 0 0 GARY DOODLESACK PAST COMMODORE 2.00 X 0 0 0 JENNIFER FOLLETT BOARD MEMBER 2.00 X 0 0 0 JOHN CALLAHAN BOARD MEMBER 2.00 X 0 0 0 RON GOLUB BOARD MEMBER 2.00 X 0 0 0 JACK AMOUR BOARD MEMBER 2.00 X 0 0 0 JAMIE TORMEY REAR COMMODORE 3.00 X X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 713990 938586 938586 SHIP STORE SALES 713990 75627 75627 INTIATION FEES 713990 65320 65320 FACILITY RENTAL CHARGE 713990 27966 27966 BEACH AND WATERFRONT F 713990 24790 24790 29545 29545 1161834 39998 39998 754258 912516 -158258 -175256 16998 MISC REVENUE 713990 27930 27930 27930 1071504 1014508 56996 0 226836 34317 39961 13003 34650 27310 1772 25840 4924 53640 631 20780 68005 100129 SHIPS STORE MERCHANDISE 59188 BEACH AND WATERFRONT 57209 REPAIRS 41124 SOFTWARE EXPENSES 31216 65602 906137 279644 1046810 228982 369820 63529 27540 23374 23392 32908 42100 3852319 1227266 2219388 2625053 2847825 4134715 24409 41268 338584 406054 829244 783000 63250 63250 1255487 1293572 X 1592338 2841143 1592338 2841143 2847825 4134715 X 165367 1083438 X X 1 X 0 1 0 122896 122896 2908867 740878 2167989 193800 168279 25521 626756 318109 308647 2625053 MEMBER BONDS 63250 63250 X 1984020 912516 912516 1071504 0 1071504 1818653 912516 912516 906137 0 906137 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 912,516. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 912,516. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF GOVERNORS ARE ELECTED BY THE ACTIVE MEMBERS OF THE ORGANIZATION AT THE ANNUAL MEETING FOR THE FIVE OPEN POSITIONS ON THE BOARD. THE FIVE MEMBERS WHO RECEIVE THE LARGEST NUMBER OF VOTES SHALL BE MEMBERS ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE RESPONSIBLE OFFICER, THE TREASURER FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS 1,083,438. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS HAS DIRECT OVERSIGHT AND RESPONSILBILITY FOR THE SELECTION OF ITS OUTSIDE CPA, AS WELL AS ITS ANNUAL FINANCIAL STATEMENT COMPILATION. FALMOUTH HARBOR SAILING SCHOOL 290 CLINTON AVE FALMOUTH MA 02540 043080792 SAILING SCHOOL IN A CLUB ENVIRONMENT MA 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0