Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE SOUTH BOSTON YACHT CLUB IS FOR MEMBERS ONLY. ACTIVE MEMBERSHIP IS LIMITED TO 450. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE CLUB ELECT THEIR OFFICERS AND TRUSTEES ANNUALLY. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY CHANGES TO THE CLUBS BY-LAWS REQUIRES A TWO-THIRDS VOTE FROM THE ENTIRE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE TREASURER REVIEWS THE CLUBS TAX RETURNS WITH THE CERTIFIED PUBLIC ACCOUNTANT FIRM WHO PREPARED THEM. THE TREASURER PRESENTS THE TAX RETURNS TO THE GOVERNING BOARD FOR REVIEW BEFORE SIGNING AND FILING. |
| FORM 990, PART VI, SECTION B, LINE 12 | THE CLUB DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY. THE BOARD OF TRUSTEES ARE PERIODICALLY REMINDED OF WHAT WOULD CONSTITUTE A CONFLICT OF INTEREST; THEY MONITOR ALL RELATIONSHIPS THE CLUB HAS WITH VENDORS, FINANCIAL INSTITUTIONS, AND OTHERS PROVIDING SUPPORTING SERVICES. THE ORGANIZATIONS ALSO MONITORS RELATIONSHIPS THAT ITS OFFICERS, DIRECTORS, AND MEMBERS ARE AFFILIATED WITH. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE HELD AT THE CLUBS OFFICE LOCATED AT 1849 COLUMBIA ROAD, SOUTH BOSTON, MA. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | LICENSES & PERMITS: PROGRAM SERVICE EXPENSES 16,579. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,579. WATERFRONT EXPENSES: PROGRAM SERVICE EXPENSES 10,937. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,937. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,403. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,403. ENTERTAINMENT & COMMITTEE EXPENSES: PROGRAM SERVICE EXPENSES 6,599. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,599. PRINTING & POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,894. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,894. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,818. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,818. BOWLING SUPPLIES: PROGRAM SERVICE EXPENSES 2,487. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,487. SPECIAL KIDS EXPENSES: PROGRAM SERVICE EXPENSES 1,559. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,559. WORKBOAT EXPENSES: PROGRAM SERVICE EXPENSES 1,419. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,419. REGATTA INTERNATIONAL: PROGRAM SERVICE EXPENSES 1,283. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,283. MA ALCOHOL TAX FORM 180: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,084. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,084. CHRISTMAS FUND EXPENSES: PROGRAM SERVICE EXPENSES 1,023. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,023. FEDERAL TAX 990-T: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 44. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44. MA ANNUAL REPORT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15. |
| FORM 990 - PART XI - LINE 2C. | THE TREASURER AND TWO ADDITIONAL BOARD MEMBERS MAKE UP THE CLUBS "AUDIT" COMMITTEE. THIS COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE REVIEWED FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. |
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