GREAT HARBOR YACHT CLUB INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- GREAT HARBOR YACHT CLUB INC (EIN 27-0057695)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-10
- IRS object ID
- 202113149349301321
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-10T08:29:36-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WESTMNISTER STREET SUITE 600 | AddressLine1Txt |
| City | PROVIDENCE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02904 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270057695 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT HARBOR YACHT CLUB INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREA | BusinessNameControlTxt |
| Phone | 5086805033 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 96 WASHINGTON STREET | AddressLine1Txt |
| City | NANTUCKET | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02554 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHEN CREESE | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Phone | 5086805033 | PhoneNum |
| Signature | 2021-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | STEPHEN | PersonFirstNm |
| Person Last | CREESE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KERRI RAWCLIFFE | PreparerPersonNm |
| PTIN | P01398485 | PTIN |
| Phone | 4016216200 | PhoneNum |
| Preparation | 2021-11-03 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEPHEN CREESE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 96 WASHINGTON STREET | AddressLine1Txt |
| City | NANTUCKET | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02554 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,401,823 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GHYC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2003 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 79 | TotalEmployeeCnt |
| Total Volunteers | 74 | TotalVolunteersCnt |
| Total Gross UBI | $39,039 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $25,711 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,796,953 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,342,045 | CYProgramServiceRevenueAmt |
| PY Investment Income | $82,245 | PYInvestmentIncomeAmt |
| CY Investment Income | $37,921 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,435,947 | PYOtherRevenueAmt |
| CY Other Revenue | $204,294 | CYOtherRevenueAmt |
| PY Total Revenue | $7,315,145 | PYTotalRevenueAmt |
| CY Total Revenue | $5,584,260 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $250 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,808,807 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,821,851 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,240,530 | PYOtherExpensesAmt |
| CY Other Expenses | $6,448,774 | CYOtherExpensesAmt |
| PY Total Expenses | $11,056,337 | PYTotalExpensesAmt |
| CY Total Expenses | $9,270,875 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,741,192 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,686,615 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $68,422,913 | TotalAssetsBOYAmt |
| Total Assets EOY | $66,386,317 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,323,775 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,849,292 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $58,099,138 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $56,537,025 | NetAssetsOrFundBalancesEOYAmt |
| 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 31 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 79 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Initiation Fees And Cap Contri | $84,000 | InitiationFeesAndCapContriAmt |
| Gross Receipts For Public Use | $54,207 | GrossReceiptsForPublicUseAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KERRY TILTON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5086805033 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 96 WASHINGTON STREET | AddressLine1Txt |
| City | NANTUCKET | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02554 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ELLIOT GERWITZ | ||||||||
| COMMODORE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CECE FOWLER | ||||||||
| VICE COMMODORE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MATT DWYER | ||||||||
| REAR COMMODORE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RHONDA MCDONALD | ||||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GRADY DURHAM | ||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SUSAN MCCOLLUM | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SARAH NEWTON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALMOND GODUTI | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RORY RADDING | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PHIL NARDONE JR | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARIANNA BREWSTER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN CREESE | ||||||||
| GENERAL MANAGER | 50.00 | Yes (X) | $295,290 | $0 | $69,192 | |||
| KERRY TILTON | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $179,846 | $0 | $28,872 | |||
| CHRISTIAN PAVESI | ||||||||
| ASSISTANT GENERAL MANAGER | 40.00 | $221,849 | $0 | $38,931 | Yes (X) | |||
| JOHN LUYRINK | ||||||||
| TENNIS & SWIM DIRECTOR | 40.00 | $197,150 | $0 | $39,421 | Yes (X) | |||
| ANDRE MARRERO | ||||||||
| EXECUTIVE CHEF | 40.00 | $254,296 | $0 | $28,872 | Yes (X) | |||
| WILLIAM COWZER | ||||||||
| FACILITIES MANAGER | 50.00 | $120,286 | $0 | $28,994 | Yes (X) | |||
| MEGAN MALTBY | ||||||||
| MEMBERSHIP DIRECTOR | 40.00 | $120,711 | $0 | $29,407 | Yes (X) | |||
| NICHOLAS FIX | ||||||||
| EMPLOYEE | 40.00 | $116,827 | $0 | $27,727 | Yes (X) | |||
| SARAH STORIE | ||||||||
| EMPLOYEE | 40.00 | $116,538 | $0 | $10,131 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,622,793 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $301,547 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TRANE INC | |||||
| PO BOX 406469 | ATLANTA | GA | 30384 | HEATING/COOLING | $184,810 |
| SYSCO BOSTON LLC | |||||
| 99 SPRING STREET | PLYMPTON | MA | 02367 | FOOD/GOODS | $118,819 |
| ITWORKS INC | |||||
| 1611 MAIN STREET | WEST BARNSTABLE | MA | 02668 | IT SERVICES | $107,306 |
| AMY MANNING LANDSCAPE INC | |||||
| 7 NOBADEER WAY | NANTUCKET | MA | 02554 | LANDSCAPING SERVICES | $106,716 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 713910 | $4,484,311 | $4,484,311 |
| TENNIS AND PRO SHOP | 713910 | $431,984 | $431,984 |
| WATERFRONT | 713910 | $272,276 | $272,276 |
| INITIATION FEES | 713910 | $84,000 | $84,000 |
| FITNESS | 713910 | $34,945 | $34,945 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,529 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $34,529 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,342,045 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,174 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $15,174 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,616,373 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,593,626 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,747 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,747 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $22,747 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $428,231 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $223,937 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $204,294 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $203,176 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,118 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,584,260 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,545,221 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $39,039 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,579,925 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $945,330 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,775 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,728 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,093 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,467 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,842 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,075 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,875 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,408 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,529 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,048 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $255 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $792,313 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,449 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,602,575 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,837 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| FEDERAL TAXES | $17,483 |
| REPAIRS AND MAINTENANCE | $702,808 |
| PROGRAMS | $280,831 |
| OTHER | $121,962 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,017 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,270,875 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,978,457 | BOYAmt |
| EOY | $1,959,419 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,210 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,007 | BOYAmt |
| EOY | $167,631 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $324,782 | BOYAmt |
| EOY | $354,011 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,251 | BOYAmt |
| EOY | $253,836 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $100,433,514 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,713,016 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,725,415 | BOYAmt |
| EOY | $59,720,498 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,985,791 | BOYAmt |
| EOY | $3,930,922 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,422,913 | BOYAmt |
| EOY | $66,386,317 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,872 | BOYAmt |
| EOY | $70,635 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,695,329 | BOYAmt |
| EOY | $1,402,949 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,609,124 | BOYAmt |
| EOY | $6,400,258 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,863,450 | BOYAmt |
| EOY | $1,975,450 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,323,775 | BOYAmt |
| EOY | $9,849,292 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,099,138 | BOYAmt |
| EOY | $56,537,025 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,099,138 | BOYAmt |
| EOY | $56,537,025 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,422,913 | BOYAmt |
| EOY | $66,386,317 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,686,615 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,124,500 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $28,235,567 | OtherCostOrOtherBasisAmt |
| Book Value | $28,235,567 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $66,790,334 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,611,532 | DepreciationAmt |
| Book Value | $30,178,802 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,407,613 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,101,484 | DepreciationAmt |
| Book Value | $1,306,129 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $59,720,498 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| TENNIS PROMISSORY NOTE | $1,447,450 |
| TENNIS MEMBER DEPOSIT | $528,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,975,450 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,808,197 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $223,937 | OtherRevenueAmt |
| Revenue Not Reported | $223,937 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,584,260 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,584,260 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,494,812 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $223,937 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $223,937 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,270,875 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,270,875 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2017. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 223,937. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 223,937. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEPHEN CREESE | ||||||||||||||
| GENERAL MANAGER | $241,290 | $0 | $54,000 | $0 | $0 | $0 | $0 | $0 | $69,192 | $0 | $364,482 | $0 | $0 | $0 |
| ANDRE MARRERO | ||||||||||||||
| EXECUTIVE CHEF | $219,296 | $0 | $35,000 | $0 | $0 | $0 | $0 | $0 | $28,872 | $0 | $283,168 | $0 | $0 | $0 |
| CHRISTIAN PAVESI | ||||||||||||||
| ASSISTANT GENERAL MANAGER | $176,849 | $0 | $45,000 | $0 | $0 | $0 | $0 | $0 | $38,931 | $0 | $260,780 | $0 | $0 | $0 |
| JOHN LUYRINK | ||||||||||||||
| TENNIS & SWIM DIRECTOR | $172,650 | $0 | $24,500 | $0 | $0 | $0 | $0 | $0 | $39,421 | $0 | $236,571 | $0 | $0 | $0 |
| KERRY TILTON | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $144,346 | $0 | $35,500 | $0 | $0 | $0 | $0 | $0 | $28,872 | $0 | $208,718 | $0 | $0 | $0 |
| MEGAN MALTBY | ||||||||||||||
| MEMBERSHIP DIRECTOR | $96,711 | $0 | $24,000 | $0 | $0 | $0 | $0 | $0 | $29,407 | $0 | $150,118 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | -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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION HAS A MANAGEMENT AGREEMENT FOR CERTAIN ADMINISTRATIVE AND HUMAN RESOURCES WITH RESOURCE MANAGEMENT, INC. THE OFFICERS AND HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII AND SCHEDULE J WERE PAID BY RESOURCE MANAGEMENT, INC. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CLUB HAS MEMBERS AND THESE MEMBERS HAVE THE POWER TO ELECT OFFICERS AND DIRECTORS AT THEIR ANNUAL MEMBER MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ARE ENTITLED TO ELECT OFFICERS AND DIRECTORS AT THE ANNUAL MEETING OF MEMBERS ON A DAY DURING AUGUST. THIRTY DAYS NOTICE THEREOF SHALL BE MAILED BY THE SECRETARY TO EACH MEMBER ENTITLED TO VOTE. THE MAJORITY OF THE VOTES CAST ON THE MATTER SHALL CONSTITUTE THE ACT OF THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, WHEN THE BOARD IS NOT IN SESSION, ALL POWERS OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE MAY NOT TAKE ANY ACTION WHICH UNDER THE BY-LAWS REQUIRE A TWO-THIRDS DIRECTORS VOTE OR A VOTE OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CLUB HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED AND REVIEWED BY MANAGEMENT, IT IS ELECTRONICALLY SENT TO THE MEMBERS OF THE FINANCE COMMITTEE FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND REVIEWED WITH MANAGEMENT AND THE ACCOUNTING FIRM. ALL ISSUES ARE DOCUMENTED AND ADDRESSED. THE FORM 990 IS THEN SUBMITTED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. IF NECESSARY THE EXECUTIVE COMMITTEE CAN APPROVE THE 990 AS FINAL ON BEHALF OF THE FULL BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | UPON FIRST BEING HIRED, PROMOTED OR ASKED TO JOIN GHYC, EACH DIRECTOR, OFFICER OR KEY EMPLOYEE SHALL MAKE DISCLOSURE OF ANY RELATED-PARTY TRANSACTIONS WITH GHYC OF WHICH THE DIRECTOR, OFFICER OR KEY EMPLOYEE HAS KNOWLEDGE TO THE COMMODORE, VICE COMMODORE, REAR COMMODORE, TREASURER AND SECRETARY (HEREAFTER, THE "FLAG OFFICERS"). THIS SHALL INCLUDE ANY RELATED-PARTY TRANSACTIONS THAT CURRENTLY EXIST, THAT OCCURRED DURING THE PAST YEAR, OR THAT THE INDIVIDUAL REASONABLY EXPECTS MIGHT OCCUR IN THE COMING YEAR. THEREAFTER, DISCLOSURES SHALL BE UPDATED ANNUALLY, OR OTHERWISE AS CHANGED CIRCUMSTANCES IN A PARTICULAR CASE MAY WARRANT. IF, PRIOR TO THE NEXT ANNUAL DISCLOSURE, ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR, OFFICER OR KEY EMPLOYEE DEVELOPS, SUCH CONFLICT SHALL BE DISCLOSED TO THE FLAG OFFICERS. FOR ALL SUCH DISCLOSURES, GHYC SHALL USE A DISCLOSURE FORM CONSISTENT WITH THE GENERAL DEFINITIONS ABOVE AND RESPONSIVE TO THE VARIOUS REGULATORY AND AUDITING REQUIREMENTS TO WHICH GHYC IS SUBJECT. THE TERMS OF ALL RELATED-PARTY TRANSACTIONS SHALL BE REVIEWED BY THE FLAG OFFICERS WHO HAVE NO INVOLVEMENT WITH ANY RELATED-PARTY TRANSACTIONS FOR GHYC. THE FLAG OFFICERS SHALL DEVELOP RECOMMENDATIONS AS TO WHETHER, ALL FACTORS CONSIDERED, A GIVEN TRANSACTION MEETS FAIR-MARKET TERMS AND IS IN THE BEST INTERESTS OF GHYC. FOR THIS PURPOSE, A "TRANSACTION" MAY INCLUDE AN ONGOING BUSINESS RELATIONSHIP SUBJECT TO STATED TERMS. THE FLAG OFFICERS SHALL REPORT ITS RECOMMENDATIONS OF RELATED-PARTY TRANSACTIONS TO THE BOARD OF DIRECTORS. A DIRECTOR MAY STATE HIS OR HER VIEWS, AND SHALL RESPOND TO QUESTIONS, ON ANY TRANSACTION IN WHICH HE OR SHE MAY BE INTERESTED, BUT ALL INTERESTED DIRECTORS ON THE BOARD OF DIRECTORS SHALL BE EXCUSED FROM DELIBERATIONS AND VOTING AS TO ANY RELATED-PARTY TRANSACTIONS. APPROVAL OF A RELATED-PARTY TRANSACTION SHALL REQUIRE A MAJORITY VOTE OF THOSE DIRECTORS ON THE BOARD OF DIRECTORS WHO HAVE NO INVOLVEMENT WITH ANY RELATED-PARTY TRANSACTIONS. THE BASIS FOR ANY SUCH VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING AT WHICH ACTION IS TAKEN, AND THOSE MINUTES SHALL BE APPROVED AT THE NEXT MEETING OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE GENERAL MANAGER IS DETERMINED BY THE BOARD OF DIRECTORS. EACH MANAGER HAS GOALS FOR THE YEAR AND OUR PERFORMANCE IS MEASURED AGAINST THOSE GOALS. EACH MANAGER WRITES A SELF REVIEW WHICH IS REVIEWED BY THE GM AND THE EXECUTIVE COMMITTEE/BOARD. APPROVAL OF ANY PAY CHANGES/ADDITIONAL COMPENSATION IS GIVEN TO THE CFO FOR PROCESSING BY THE GENERAL MANAGER. THE APPROVAL FOR THESE HAS COME FROM THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AND THE AUDITED FINANCIAL STATEMENT AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. FORM 990 IS POSTED GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 96 WASHINGTON STREET, NANTUCKET, MA 02554 OR BY CALLING THE ORGANIZATION DIRECTLY AT 508-680-5033. |
| FORM 990, PART XI, LINE 9: | NET INCREASE IN MEMBERSHIP CERTIFICATES 2,124,500. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |