TY 2024 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) CHRIS KUPPENS......................................................................
DIRECTOR

2.00
.................

(2) EMMANUEL GOMES......................................................................
DIRECTOR

2.00
.................

(3) RICHARD BEAULIEU......................................................................
DIRECTOR

2.00
.................

(4) MICHAEL IAPPINI......................................................................
DIRECTOR

2.00
.................

(5) RICHARD MELLONI......................................................................
DIRECTOR

2.00
.................

(6) DONALD E PHIPPS......................................................................
DIRECTOR

2.00
.................

(7) GREGORY BUKUNT......................................................................
DIRECTOR

2.00
.................

(8) CHRISTINE COUGHLIN......................................................................
DIRECTOR

2.00
.................

(9) RONALD ENOS......................................................................
DIRECTOR

2.00
.................

(10) PAUL BEAULIEU......................................................................
DIRECTOR

2.00
.................

(11) GLENN SAWYER JR......................................................................
DIRECTOR

2.00
.................

(12) BRAD MORSE......................................................................
DIRECTOR

2.00
.................

(13) THOMAS SULLIVAN......................................................................
PRESIDENT

2.00
.................

(14) ERIN SCHAAF......................................................................
TREASURER

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

(15) PATRICK POWERS......................................................................
CLERK

2.00
.................

(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 0

	(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 July 25, 2006, 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

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)
(Rev. January 2025)
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.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

POINT INDEPENDENCE YACHT CLUB INC

Employer identification number

04-1734331

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	THE ORGANIZATION HAS SOME OFFICERS THAT HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 6	THER ORGANIZATION HAS MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY THE ORGANIZATIONS TREASURER ANY QUESTIONS OR CONCERNS ARE DISCUSSED WITH THE INDEPENDENT ACCOUNTANT.
FORM 990, PART VI, SECTION C, LINE 18	THE ORGANIZATION A 501 (7) ORGANIZATION DOES NOT MAKE ITS DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC
FORM 990, PART VI, SECTION C, LINE 19	THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THE CLUB DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY AND DOES NOT PREPARE FINANCIAL STATEMENTS.
FORM 990, PART IX, LINE 24E	REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,012. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,012. MOORING FEES, MERCHANT FEES: PROGRAM SERVICE EXPENSES 23,589. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,589. MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 15,244. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,244. BOND REPAYMENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. SHIFT PAYMENT FEES: PROGRAM SERVICE EXPENSES 6,371. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,371. BANDS & ENTERTAINMENT: PROGRAM SERVICE EXPENSES 5,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,200. CREDIT CARD FEES. SC: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,329. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,329. WORK PARTY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,329. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,329. PERMITS & LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,257. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,257. SUBCONTRACTOR EXPENSE: PROGRAM SERVICE EXPENSES 1,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,350. MISC. EQUIPMENT: PROGRAM SERVICE EXPENSES 1,267. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,267. WORKMANS COMP INSURANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 840. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 840. KITCHEN EXPENSE: PROGRAM SERVICE EXPENSES 363. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 363. ALC BEVERAGE TAX: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 125. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125. MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 108. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108.

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

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: THE CLUB'S MISSION IS TO PROVIDE AN OCEANSIDE CLUBHOUSE AND BOATING FACILITIES FOR MEMBERS.
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	0
5	Total number of individuals employed in calendar year 2024 (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	59,735
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) .........	532,130	588,913
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	749	4,950
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	109,052	77,553
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	641,931	671,416
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)	124,712	145,176
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)....	508,907	549,742
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	633,619	694,918
19	Revenue less expenses. Subtract line 18 from line 12.......	8,312	-23,502
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	2,145,926	2,092,860
21	Total liabilities (Part X, line 26).............	619,379	589,815
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,526,547	1,503,045

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 420,016 including grants of $ ) (Revenue $ )
	THE CLUB PROVIDES A COMFORTABLE OCEANSIDE CLUBHOUSE AND COMPLETE BOATING FACILITIES FOR THE PLEASURE AND RELAXATION OF ITS MEMBERS. THE ORGANIZATION ALSO PROVIDES A SAFE HAVEN FOR TRANSIENT BOATERS.

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 expenses420,016

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	SLIPS, MOORING, TENDER	713990	331,568	286,823	44,745
b	MEMBERSHIPS, INITIATIO	713990	229,838	229,838
c	LOCKERS, RENTAL, STORA	713990	27,507	27,507
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		588,913

3 Investment income (including dividends, interest, and othersimilar amounts) ......			4,950	4,950
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a	23,745
b	Less: rental expenses	6b	8,755
c	Rental income or (loss)	6c	14,990
d	Net rental income or (loss).......			14,990
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b
c	Gain or (loss)	7c
d	Net gain or (loss).........
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	206,330
b	Less: cost of goods sold ..		10b	192,234
c	Net income or (loss) from sales of inventory..			14,096	14,096

Business Code
11a	BOND FEE		713900	20,000	20,000
b	FUNCTION INCOME		713900	19,285	19,285
c	MISCELLANEOUS		713900	9,182	9,182
d	All other revenue ....
e	Total. Add lines 11a–11d ......			48,467
12	Total revenue. See instructions.....			671,416	611,681	59,735	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
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........	128,896	128,896
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	16,280	16,280
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	6,552		6,552
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)	4,221		4,221
12	Advertising and promotion ....
13	Office expenses .......	4,448		4,448
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 ...........	11,786		11,786
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	133,759
23	Insurance ...	37,556		37,556
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 & DOCK MAINTENA	89,283	89,283
b	BUILDING & GROUND MAINT	65,160	32,580	32,580
c	FUNCTION EXPENSE	63,331	63,331
d	UTILITIES	36,262	36,262
e	All other expenses	97,384	53,384	44,000
25	Total functional expenses. Add lines 1 through 24e	694,918	420,016	141,143	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 ........			218,850	1	148,032
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
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 ...........			5,333	7	5,608
8	Inventories for sale or use ............			34,213	8	15,000
9	Prepaid expenses and deferred charges ......				9	4,500
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	3,077,965
b	Less: accumulated depreciation	10b	1,158,245	1,887,530	10c	1,919,720
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 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			2,145,926	16	2,092,860

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 ..	294,032	23	265,515
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	325,347	25	324,300
26	Total liabilities. Add lines 17 through 25..	619,379	26	589,815

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
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 .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	1,526,547	31	1,503,045
32	Total net assets or fund balances ...........	1,526,547	32	1,503,045
33	Total liabilities and net assets/fund balances ........	2,145,926	33	2,092,860

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 .....	684,188		684,188
b	Buildings ....	2,242,683	1,018,403	1,224,280
c	Leasehold improvements
d	Equipment ....	108,499	100,743	7,756
e	Other .....	42,595	39,099	3,496
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				1,919,720

(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.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
MEMBER BONDS	322,500
SECURITY DEPOSIT	1,800







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	324,300
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

(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.)