2024-11-15T08:15:40-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 878 VETERANS MEMORIAL HWY 4TH FLOOR HAUPPAUGE NY 11788 990 2023-01-01 111866302 THE HEAD OF THE BAY CLUB INC HEAD 6314275555 191 BAY ROAD HUNTINGTON NY 117431307 ERIK WEBER PRESIDENT 6314275555 2024-11-15 1 1 KERRI RAWCLIFFE P01398485 6314349500 2024-11-14 2023 2024-10-15 13:58:12Z ERIK WEBER 191 BAY ROAD HUNTINGTON NY 117431307 3480859 0 X WWW.THEHEADOFTHEBAYCLUB.COM X 1956 NY SOCIAL AND RECREATIONAL CLUB 11 11 187 111 51750 11825 0 0 1790359 2129706 56 105 24105 18689 1814520 2148500 0 0 0 0 713099 765145 0 0 0 1127583 1034915 1840682 1800060 -26162 348440 3351860 3329840 1565817 1206517 1786043 2123323 X THE HEAD OF THE BAY CLUB IS A SOCIAL AND RECREATION CLUB WHOSE MISSION IS TO PROVIDE PREMIER SERVICES AND FACILITIES TO ITS MEMBERS AND THEIR FAMILIES FOR THE ENJOYMENT OF SWIMMING, TENNIS, SAILING, CAMP AND DINING. 0 0 TENNIS AND PADDLE TENNIS - PROVIDING TENNIS AND PADDLE TENNIS INSTRUCTION AND TEAM PLAY TO APPROXIMATELY 200 MEMBER FAMILIES POOL AND SWIM TEAM-SERVED OVER 270 MEMBER FAMILIES, PROVIDING SWIMMING AND WATER SAFETY INSTRUCTIONS AND TEAM COMPETITION TO MORE THAN 200 MEMBER CHILDREN MARINE-PROVIDING SAILING AND BOAT SAFETY INSTRUCTIONS AND PROMOTING TEAM SAILING COMPETITION FOR MORE THAN 40 MEMBER CHILDREN, AND MOORINGS FOR OVER 20 MEMBER FAMILIES OTHER PROGRAM EXPENSES RELATED TO THE OPERATION OF THE ORGANIZATION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 0 1 187 1 1 1 0 0 0 0 96650 188425 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X DEBBIE KNOWLES TREASURER 6314275555 191 BAY RD HUNTINGTON NY 11743 X ERIK WEBER PRESIDENT 2.00 X X 0 0 0 PETER HOLLAND VICE PRESIDENT 2.00 X X 0 0 0 DEBORAH KNOWLES TREASURER 2.00 X X 0 0 0 DIANE MENDEZ SECRETARY 2.00 X X 0 0 0 BRIAN BOYLAN DIRECTOR 2.00 X X 0 0 0 KEITH EVANGELIST DIRECTOR 2.00 X X 0 0 0 CAROLYNN BLACK DIRECTOR 2.00 X X 0 0 0 KENNETH KATOVITZ DIRECTOR 2.00 X X 0 0 0 ANDREW MALONE DIRECTOR 2.00 X X 0 0 0 TARA KUHN DIRECTOR 2.00 X 0 0 0 MARIAN TINARI DIRECTOR 2.00 X X 0 0 0 PHIL MOODY-SARQUIS GENERAL MANAGER 40.00 X 126533 0 0 126533 0 0 1 0 0 0 0 MEMBERSHIP DUES 713910 1643189 1643189 CAMP 713910 166371 166371 TENNIS 713910 132850 132850 MARINE 713910 74827 74827 CABANA 713910 72000 72000 40469 40469 2129706 105 105 1351048 1332359 18689 -32956 51645 2148500 2096750 51750 0 710623 13334 41188 25300 6217 152754 22266 150980 98958 SUPPLIES 187438 REPAIRS & MAINTENANCE 111840 UTILITIES 82129 MISCELLANEOUS 52850 144183 1800060 54758 193886 8336 8441 154604 176751 50181 51596 4019 1430 5912222 3597263 2243764 2314959 836198 582777 3351860 3329840 185708 177053 1380109 1029464 1565817 1206517 X 1786043 2123323 1786043 2123323 3351860 3329840 348440 -11160 0 X X 0 1 X 1 0 2794058 1424304 1369754 3118164 2172959 945205 2314959 DUE TO RELATED PARTY 441864 LEASE LIABILITY 587600 1029464 X 3480859 1332359 1332359 2148500 0 2148500 3132419 1332359 1332359 1800060 0 1800060 PART X, LINE 2: THE ORGANIZATION OBTAINED LONG TERM FINANCING FROM THE HEAD OF THE BAY REALTY CORP, A RELATED PARTY UNDER COMMON CONTROL. FIN 48 FOOTNOTE DISCLOSURE: THE CLUB ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE CLUB HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY; HOWEVER, THE CLUB HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE CLUB IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAX JURISDICTIONS. FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,332,359. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,332,359. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A PRIVATE SOCIAL CLUB CONSISTING OF APPROXIMATELY 300 MEMBER FAMILIES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION ANNUALLY WILL ELECT A GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS OF THE GOVERNING BOARD ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE 990 IS PREPARED, REVIEWED, BY MANAGEMENT AND IS READY TO BE FILED, EACH MEMBER OF THE AUDIT COMMITTE IS PROVIDED AN ELECTRONIC COPY OF THE ANNUAL 990 TO REVIEW. ANY ISSUES NOTED BY THE AUDIT COMMITTEE ARE REVIEWED AND CORRECTED. MANAGEMENT THEN MAKES THE 990 AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. ONCE THE BOARD HAS APPROVED THE RETURN, IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY MANAGEMENT PERSONNEL MUST COMPLETE AN ANNUAL DISCLOSURE AND AFFIRMATION FORM IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. AN INTERESTED PARTY MEANS ANY CLUB BOARD MEMBER OR MANAGEMENT PERSONNEL HAS AN INTEREST IN ANY ENTITY WICH THE CLUB HAS OR CONTEMPLATES TRANSACTING BUSINESS. AN INTERESTED PARTY MUST DISCLOSE THE RELATIONSHIP OR INTEREST IN THE TRANSACTION TO THE BOARD OF DIRECTORS OF THE CLUB. DISCLOSURE SHALL BE MADE TO THE CHAIRMAN OF THE BOARD AS SOON AS THE INTERESTED DIRECTOR BECOMES AWARE OF THE POTENTIAL FOR A CONFLICT IN CONNECTION WITH THE TRANSACTION, WHO THEN SHALL INFORM THE APPLICABLE BOARD. IF THE CHAIRMAN IS INVOLVED IN THE TRANSACTION, THE CHAIRMAN SHALL ADVISE THE SECRETARY OF THE CLUB WHO SHALL ARRANGE FOR BOARD DISCLOSURE. ALL OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS OR SOONER IF A POTENTIAL CONFLICT OR ACTUAL CONFLICT SHOULD ARISE. POTENTIAL CONFLICTS OR ACTUAL CONFLICTS ARE REVIEWED BY THE BOARD OF THE CLUB FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND ANNUAL 990 ARE AVAILABLE FOR REVIEW BY ALL MEMBER FAMILIES AND THE GENERAL PUBLIC, UPON REQUEST. FORM 990, PART XII, LINE 2C: THE CLUB HAS AN AUDIT COMMITTEE WHICH HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HEAD OF THE BAY REALTY CORP 191 BAY ROAD HUNTINGTON NY 117431307 112357914 REAL ESTATE HOLDING CORPORATION NY C 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 HEAD OF THE BAY REALTY CORP P 261686 COST OF TAXES, INSURANCE, OTHER