SOUTHOLD YACHT CLUB INC: Form 990EZ, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHOLD YACHT CLUB INC (EIN 11-2138744)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-14
- IRS object ID
- 202101349349200125
- Schema version
- 2020v4.0
- 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 | 2021-05-14T06:30:50-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 471621447 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FERRETTI & ODELL CPA'S PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2127 820 FRONT STREET | AddressLine1Txt |
| City | GREENPORT | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 119441631 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 112138744 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHOLD YACHT CLUB INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 6317655629 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 546 | AddressLine1Txt |
| City | SOUTHOLD | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11971 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MIKE CALLANAN | PersonNm |
| Person Title | COMMODORE | PersonTitleTxt |
| Phone | 6317655629 | PhoneNum |
| Signature | 2021-02-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | CALLANAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JASON F ODELL CPA | PreparerPersonNm |
| PTIN | P00663692 | PTIN |
| Phone | 6314773011 | PhoneNum |
| Preparation | 2021-02-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | SOUTHOLDYACHTCLUB.COM | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $143,250 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $69,990 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $72,974 | ProgramServiceRevenueAmt |
| Investment Income | $286 | InvestmentIncomeAmt |
| Total Revenue | $143,250 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $51,435 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $1,950 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $28,798 | OccupancyRentUtltsAndMaintAmt |
| Other Expenses Total | $63,050 | OtherExpensesTotalAmt |
| Total Expenses | $145,233 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$1,983 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $301,478 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $299,495 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,272 | BOYAmt |
| EOY | $236,462 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,451 | BOYAmt |
| EOY | $42,451 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,755 | BOYAmt |
| EOY | $20,582 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,478 | BOYAmt |
| EOY | $299,495 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,478 | BOYAmt |
| EOY | $299,495 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | TO MAKE SAILING ACCESSIBLE TO THE NORTH FORK COMMUNITY BY MAINTAINING INEXPENSIVE DUES AND LOW SAILING SCHOOL TUITION. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | TO MAKE SAILING ACCESSIBLE TO THE NORTH FORK COMMUNITY BY MAINTAINING INEXPENSIVE DUES AND LOW SAILING SCHOOL TUITION. | DescriptionProgramSrvcAccomTxt |
| Program Service Expenses | $133,881 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $133,881 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (15 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| MIKE CALLANAN | ||
| COMMODORE | 2.00 | $0 |
| JC MERILL | ||
| FORMER COMMO | 1.00 | $0 |
| CELESTE FLICK | ||
| TREASURER | 2.00 | $0 |
| MATT LYONS | ||
| GOVERNOR | 0.50 | $0 |
| GREG YOUNG | ||
| VICE COMMODO | 2.00 | $0 |
| SUSAN EWING | ||
| GOVERNOR | 0.50 | $0 |
| CHINITA HARD | ||
| GOVERNOR | 0.50 | $0 |
| ERIN KAELIN | ||
| GOVERNOR | 0.50 | $0 |
| KATHLEEN GELDERMAN | ||
| GOVERNOR | 0.50 | $0 |
| ELIZABETH CLEARY | ||
| GOVERNOR | 0.50 | $0 |
| JACK SPICER | ||
| GOVERNOR | 0.50 | $0 |
| SEAN CLEARY | ||
| REAR COMMODO | 1.00 | $0 |
| SHANNON BEAVER | ||
| SECRETARY | 1.00 | $0 |
| STACEY YOUNG | ||
| GOVERNOR | 0.50 | $0 |
| MEGAN COLLINS | ||
| GOVERNOR | 0.50 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FERRETTI ODELL CPAS PLLC | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 STERLINGTON COMMONS | AddressLine1Txt |
| City | GREENPORT | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11944 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6314773011 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,774 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $72,579 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $99,265 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $69,720 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $69,990 | CurrentTaxYearAmt |
| Total | $375,328 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,774 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $72,579 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $99,265 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $69,720 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $69,990 | CurrentTaxYearAmt |
| Total | $375,328 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $375,328 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $47 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $671 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $261 | CurrentTaxYearMinus2YearsAmt |
| Total | $979 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,427 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,714 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,846 | CurrentTaxYearMinus2YearsAmt |
| Total | $37,987 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $414,294 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $430,106 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.90590 | PublicSupportCY170Pct |
| Public Support PY170 | 0.87310 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 16 | EXPENSES 1,203 OFFICE 7,166 16,669 BOAT REPAIR 14,071 RACE EXPENDITURES 1,390 SAILING SCHOOL 5,668 SOCIAL EVENTS 5,396 SNACK BAR 214 DONATION 100 NON-INVESTMENT DEPRECIATION 11,173 TOTAL 63,050 |
| FORM 990-EZ, PART II, LINE 24 | 55,863 55,863 LESS ACCUMULATED DEPRECIATION 24,108 35,281 TOTAL 31,755 20,582 |
| FORM 990-EZ, PART III | TO MAKE SAILING ACCESSIBLE TO THE NORTH FORK COMMUNITY BY MAINTAINING INEXPENSIVE DUES AND LOW SAILING SCHOOL TUITION. |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (15 entries)
| MIKE CALLANAN |
| JC MERILL |
| CELESTE FLICK |
| MATT LYONS |
| GREG YOUNG |
| SUSAN EWING |
| CHINITA HARD |
| ERIN KAELIN |
| KATHLEEN GELDERMAN |
| ELIZABETH CLEARY |
| JACK SPICER |
| SEAN CLEARY |
| SHANNON BEAVER |
| STACEY YOUNG |
| MEGAN COLLINS |
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