TY 2021 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/1099-NEC)

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

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

(1) PAUL CONBOY......................................................................
COMMODORE

8.00
.................

(2) THOMAS BURGESS......................................................................
VICE COMMODORE

8.00
.................

(3) CHRISTOPHER BAKER......................................................................
REAR COMMODORE

8.00
.................

(4) EDWARD ANDREW NAGUS......................................................................
TREASURER

8.00
.................

(5) MARK PRESTERO......................................................................
SECRETARY

8.00
.................

(6) SCOTT GOODWIN......................................................................
MEMBER AT LARGE

8.00
.................

(7) CHUCK HUNTLEY......................................................................
MEMBER AT LARGE

8.00
.................

(8) KEN BATES......................................................................
MEMBER AT LARGE

8.00
.................

(9) JEFF CANN......................................................................
MEMBER AT LARGE

8.00
.................

(10) JEFF BRUK......................................................................
MEMBER AT LARGE

8.00
.................

(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/1099-NEC)

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

(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

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of 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 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

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

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
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

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on 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 (losses) 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' on 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)

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 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

IPSWICH BAY YACHT CLUB

Employer identification number

04-6125498

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION AND HAS MEMBERS
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERSHIP ELECTS THE MEMBERS OF THE EXECUTIVE COMMITTEE ANNUALLY.
FORM 990, PART VI, SECTION A, LINE 7B	THE MEMBERSHIP APPROVES THE ANNUAL BUDGET AND THE GOVERNING BODY IS RESPONSIBLE FOR DAILY OPERATING WITHIN THE BUDGET
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO BEING FILED WITH THE IRS
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC
FORM 990, PART IX, LINE 24E	CONTRACT LABOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,727. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,727. SUPPLIES: PROGRAM SERVICE EXPENSES 13,994. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,994. CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 12,897. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,897. SOCIAL EXPENSE: PROGRAM SERVICE EXPENSES 6,717. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,717. LICENSES & FEES: PROGRAM SERVICE EXPENSES 6,015. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,015. TRASH COLLECTION: PROGRAM SERVICE EXPENSES 5,242. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,242. TELEPHONE: PROGRAM SERVICE EXPENSES 3,381. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,381. AMORTIZATION: PROGRAM SERVICE EXPENSES 3,276. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,276. CLUB EXPRESS: PROGRAM SERVICE EXPENSES 2,167. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,167. FUEL FOR LAUNCHES: PROGRAM SERVICE EXPENSES 1,836. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,836. UNIFORMS: PROGRAM SERVICE EXPENSES 1,389. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,389. POSTAGE: PROGRAM SERVICE EXPENSES 1,279. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,279. ASSOCIATION DUES: PROGRAM SERVICE EXPENSES 750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 750. OTHER TAXES: PROGRAM SERVICE EXPENSES 455. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 455.

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

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: SOCIAL & RECREATIONAL BOATING CLUB
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	5
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	5
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	58
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	719
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	744,715	749,927
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,491	2,738
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-2,437	26,781
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	743,769	779,446
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	7,200	7,636
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)	349,639	323,699
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)....	310,856	337,922
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	667,695	669,257
19	Revenue less expenses. Subtract line 18 from line 12.......	76,074	110,189
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,519,207	1,599,208
21	Total liabilities (Part X, line 26).............	50,749	20,561
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,468,458	1,578,647

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 253,979 including grants of $ ) (Revenue $ )
	WATERFRONT SERVICES TO MEMBERS INCLUDES LAUNCH SERVICES TO AND FROM BOATS, DINGHY STORAGE SPACE LOCKER STORAGE, SALE OF GASOLINE, OIL, AND ICE FOR MEMBER BOATS.

4b	(Code: ) (Expenses $ 388,210 including grants of $ ) (Revenue $ )
	HOUSE AND GROUNDS SERVICES TO MEMBERS INCLUDES PARKING FOR THEIR AUTOS, FACILITIES FOR SOCIALIZING, AND A SNACK AND LIQUOR BAR.

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












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses642,189

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

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 above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	MEMBERSHIP DUES & ASSE	713990	716,779	716,779
b	BOAT & MOORING STORAGE	713990	33,148	33,148
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		749,927

3 Investment income (including dividends, interest, and othersimilar amounts) ......			719		719
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	3,850		7a
b	Less: cost or other basis and sales expenses	1,831		7b
c	Gain or (loss)	2,019		7c
d	Net gain or (loss).........			2,019	2,019
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	304,270
b	Less: cost of goods sold ..		10b	277,489
c	Net income or (loss) from sales of inventory..			26,781	26,781
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			779,446	778,727	719	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	5,636	5,636
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	2,000	2,000
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	271,485	271,485
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	52,214	52,214
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	8,981		8,981
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	900	900
13	Office expenses .......	9,566	6,206	3,360
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	1,047	1,047
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	85,582	85,582
23	Insurance ...	51,294	51,294
24	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.)
a	REPAIRS & MAINTENANCE	50,729	50,729
b	MISCELLANEOUS	20,314	20,314
c	REAL ESTATE TAXES	18,924	18,924
d	UTILITIES	16,460	16,460
e	All other expenses	74,125	59,398	14,727
25	Total functional expenses. Add lines 1 through 24e	669,257	642,189	27,068	0
26	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 if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			51,908	1	69,564
2	Savings and temporary cash investments .........			425,737	2	560,021
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4	250
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			14,200	8	15,254
9	Prepaid expenses and deferred charges ......				9	9,485
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,505,891
b	Less: accumulated depreciation	10b	1,561,257	1,024,086	10c	944,634
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 ...........			3,276	15	0
16	Total assets. Add lines 1 through 15 (must equal line 33)...			1,519,207	16	1,599,208

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	41,129	23	20,561
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	9,620	25	0
26	Total liabilities. Add lines 17 through 25..	50,749	26	20,561

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	1,468,458	27	1,578,647
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	1,468,458	32	1,578,647
33	Total liabilities and net assets/fund balances ........	1,519,207	33	1,599,208

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 ......

1a	Land .....	60,000		60,000
b	Buildings ....	784,963	450,692	334,271
c	Leasehold improvements
d	Equipment ....
e	Other .....	1,660,928	1,110,565	550,363
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				944,634

(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........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)