TY 2013 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) EDWARD L SHUGRUE III........................................................................
PRESIDENT

5.00
.......................

(2) WILLIAM M MCGARR........................................................................
VP

5.00
.......................

(3) ANDREW W SMETHURST........................................................................
TREASURER

5.00
.......................

(4) E WILLIAM SMETHURST........................................................................
SECRETARY

5.00
.......................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.

(A)
Total expenses

(B)
Program service expenses

(D)
Fundraising expenses

Grants and other assistance to governments and organizations in the United States. See Part IV, line 21

Grants and other assistance to individuals in the United States. See Part IV, line 22

Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16

Benefits paid to or for members

Compensation of current officers, directors, trustees, and key employees ....

Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....

95,897

Other salaries and wages

Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....

Other employee benefits .......

Payroll taxes ...........

16,510

Fees for services (non-employees):

Management ......

Legal .........

Accounting ...........

63,520

Lobbying ...........

Professional fundraising services. See Part IV, line 17

Investment management fees ......

Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........

Advertising and promotion ....

Office expenses .......

39,938

Information technology ......

Royalties ..

Occupancy ...........

Travel ............

Payments of travel or entertainment expenses for any federal, state, or local public officials ......

Conferences, conventions, and meetings ....

Interest ...........

Payments to affiliates .......

Depreciation, depletion, and amortization .....

57,927

Insurance ..............

Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)

EXPENSES RELATED TO UBT

19,770

SPORTING EVENTS

139,923

CATERING SERVICES

81,664

INSURANCE

58,061

All other expenses

294,007

Total functional expenses. Add lines 1 through 24e

867,217

Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet

if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	121,721	1	25,636
2	Savings and temporary cash investments .........	201,592	2	301,870
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............	63,393	4	89,487
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............	71,901	8	66,815
9	Prepaid expenses and deferred charges ..........		9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,820,642
b	Less: accumulated depreciation .....	10b	719,091	1,036,142	10c	1,101,551
11	Investments—publicly traded securities ..........		11
12	Investments—other securities. See Part IV, line 11 .....		12
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........	25,190	15	30,587
16	Total assets. Add lines 1 through 15 (must equal line 34)......	1,519,939	16	1,615,946
	17	Accounts payable and accrued expenses .........	2,344	17	6,931
18	Grants payable .................		18
19	Deferred revenue ................	326,375	19	371,391
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................		25
26	Total liabilities. Add lines 17 through 25.........	328,719	26	378,322
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........	0	30	0
31	Paid-in or capital surplus, or land, building or equipment fund .....	0	31	0
32	Retained earnings, endowment, accumulated income, or other funds	201,662	32	248,066
33	Total net assets or fund balances ...........	1,191,220	33	1,237,624
34	Total liabilities and net assets/fund balances ........	1,519,939	34	1,615,946

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............

(A)
Beginning of year

(B)
End of year

Cash–non-interest-bearing .............

121,721

25,636

Savings and temporary cash investments .........

201,592

301,870

Pledges and grants receivable, net ...........

Accounts receivable, net .............

63,393

89,487

Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................

Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L

Notes and loans receivable, net .............

Inventories for sale or use ..............

71,901

66,815

Prepaid expenses and deferred charges ..........

10a

Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D

10a

1,820,642

Less: accumulated depreciation .....

10b

719,091

1,036,142

10c

1,101,551

Investments—publicly traded securities ..........

Investments—other securities. See Part IV, line 11 .....

Investments—program-related. See Part IV, line 11 .....

Intangible assets ...............

Other assets. See Part IV, line 11 ...........

25,190

30,587

Total assets. Add lines 1 through 15 (must equal line 34)......

1,519,939

1,615,946

Accounts payable and accrued expenses .........

2,344

6,931

Grants payable .................

Deferred revenue ................

326,375

371,391

Tax-exempt bond liabilities .............

Escrow or custodial account liability. Complete Part IV of Schedule D..

Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified

persons. Complete Part II of Schedule L..........

Secured mortgages and notes payable to unrelated third parties ..

Unsecured notes and loans payable to unrelated third parties ....

Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................

Total liabilities. Add lines 17 through 25.........

328,719

378,322

Organizations that follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 27 through 29, and lines 33 and 34.

Unrestricted net assets ..............

Temporarily restricted net assets ...........

Permanently restricted net assets ...........

Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 30 through 34.

Capital stock or trust principal, or current funds ........

Paid-in or capital surplus, or land, building or equipment fund .....

Retained earnings, endowment, accumulated income, or other funds

201,662

248,066

Total net assets or fund balances ...........

1,191,220

1,237,624

Total liabilities and net assets/fund balances ........

1,519,939

1,615,946

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) .....
4	Aggregate value at end of year ........


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

		Amount
c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Description of property	(a) Cost or other basis (investment)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	25,000		25,000
b	Buildings ................	91,937	91,937	0
c	Leasehold improvements ............	1,491,100	464,655	1,026,445
d	Equipment ................	212,605	162,499	50,106
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......	1,101,551

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

THE LEASH

Employer identification number

13-0951670

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	QUESTION 2- ANDREW SMETHURST, TREASURER, AND AND E. WILLIAM SMETHURST, SECRETARY, HAVE A SON AND FATHER RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS MEMBERS IN SEVEN DIFFERENT CLASSES. THEY ARE AS FOLLOWS: LIFE, HONORARY, REGULAR, JR REGULAR, NON-RESIDENT, SENIOR AND INTERNATIONAL MEMBERS. THE ONLY CLASS THAT HAS AN EQUITABLE INTEREST SHOULD THE CLUB DISENGAGE ACTIVITIES IS THE REGULAR MEMBER CLASS. IT IS ALSO THE ONLY CLASS THAT CAN ELECT GOVERNORS AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7A	QUESTION 7A-THE REGULAR MEMBER CLASS IS THE ONLY CLASS THAT CAN ELECT THE BOARD OF GOVERNORS. THIS IS DONE AT THE ANNUAL MEETING AT THE END OF THE FISCAL YEAR.
FORM 990, PART VI, SECTION A, LINE 7B	QUESTION 7B-SOME DECISIONS THAT ARE NOT DAILY CLUB DECISIONS ARE SUBJECT TO APPROVAL BY THE REGULAR MEMBERS ONLY. MOST DECISONS ARE MADE DIRECTLY BY THE BOARD OF GOVERNORS.
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS REVIEWED BY THE TREASURER BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION C, LINE 19	THERE IS NO WRITTEN CONFLICT OF INTEREST POLICY. THE CLUB ASKS THE POTENTIAL MEMBERS IF THEY HAVE BUSINESS RELATIONSHIPS WITH OTHER MEMBERS BEFORE INITIATING THEM, TO TRY TO AVOID CONFLICTS OF INTEREST. RECORDS ARE STORED WITH OUR BOOKKEEPER FOR SEVEN YEARS. ANY MEMBER CAN REQUEST A COPY OF FINANCIAL DATA AND IT WILL BE GIVEN TO THEM IN A TIMELY FASHION. THE POLICIES RELATED TO CONFLICT OF INTEREST AND WHISTLE BLOWING HAVE BEEN DRAFTED, AND ARE CURRENTLY BEING REVIEWED BY MANAGEMENT.
FORM 990, PART IX, LINE 24E	REAL ESTATE TAXES 51,849. BEVERAGES 51,335. REPAIRS & MAINTENANCE 40,849. RECRUITMENT AND OTHER COSTS 36,081. UTILITIES & TELEPHONE 34,088. OUTSIDE SERVICES 24,562. FOOD 22,158. MISCELLANEOUS EXPENSES 14,956. CLUB MERCHANDISE 8,746. LAUNDRY & CLEANING 3,307. CABLE/FIRE/KEY CARD 2,762. PAYROLL PROCESSING FEES 2,238. BANK CHARGES 428. LICENSES & PERMITS 398. PROMOTIONAL EXPENSES 250.
FORM 4562	ELECTION NOT TO CLAIM THE ADDITIONAL FIRST YEAR DEPRECIATION ALLOWABLE UNDER IRC SEC. 168 (K) THE LEASH 41 EAST 63RD STREET NEW YORK, NY 10021 EMPLOYER IDENTIFICATION NUMBER: 13-0951670 FOR THE YEAR ENDED AUGUST 31, 2014, THE LEASH HEREBY ELECTS, PURSUANT TO SEC. 168(K)(2)(III), NOT TO CLAIM THE ADDITIONAL DEPRECIATION ALLOWABLE UNDER IRC SEC. 168(K) FOR ALL QUALIFYING 5 YEAR AND 7 YEAR PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING AUGUST 31, 2014.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: CLUB ORGANIZED FOR PLEASURE, RECREATION AND OTHER NON-PROFIT ACTIVITIES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	15
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	15
5	Total number of individuals employed in calendar year 2013 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	29,160
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	7,365

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	816,987	770,188
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	483	278
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	3,250	143,153
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	820,720	913,619
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	110,034	112,407
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	694,016	754,810
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	804,050	867,217
19	Revenue less expenses. Subtract line 18 from line 12.......	16,670	46,402
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,519,939	1,615,946
21	Total liabilities (Part X, line 26).............	328,719	378,322
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,191,220	1,237,624

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	CLUB ORGANIZED FOR PLEASURE, RECREATION AND OTHER NON-PROFIT ACTIVITIES, PARTICULARLY SPORTING EVENTS SUCH AS GOLF, SHOOTING AND FISHING OUTINGS AND DOG SHOWS. THE CLUBHOUSE PROVIDES RESTAURANT, BAR AND ROOM SERVICE FOR MEMBERS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......
			Business Code
2a	DUES AND INITIATION FE		900099	373,016	373,016
b	SPORTING EVENTS		900009	139,913	139,913
c	RESTAURANT		900099	90,952	83,841	7,111
d	BEVERAGES		900099	73,521	70,525	2,996
e	ROOM RENTALS		900099	66,721	53,921	12,800
f	All other program service revenue .			26,065	19,812	6,253
g	Total. Add lines 2a–2f........			770,188
3	Investment income (including dividends, interest, and other similar amounts).......			278	278
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss)..........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a	SILENT AUCTION		900099	143,153	143,153
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			143,153
12	Total revenue. See Instructions......			913,619	884,459	29,160	0

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................