2026-09-09T15:19:47-05:00 2025-12-31 394946450 BOWERS ADVISORS LLC 410 EAST UPLAND ROAD ITHACA NY 14850 990 2025-01-01 150349097 ITHACA YACHT CLUB ITHA 6072725550 CO SW 410 EAST UPLAND ROAD ITHACA NY 14850 WILLIAM ARMS TREASURER 6072725550 2026-09-15 1 CHRISTOPHER E MOTT P01560114 6072725550 2025 WILLIAM ARMS C/O SW 410 EAST UPLAND ROAD ITHACA NY 14850 505467 0 X WWW.ITHACAYC.ORG X 1907 NY TO PROVIDE ACCESS TO CAYUGA LAKE FOR INDIVIDUALS AND FAMILIES FOR RELATED RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES, PROMOTING FRIENDSHIP AND CAMARADERIE IN THE PROCESS. 14 14 15 30 42934 0 342913 312389 217009 184581 6514 7164 1501 607 567937 504741 0 1000 0 0 82169 67858 0 0 0 494919 466825 577088 535683 -9151 -30942 1760649 2032918 672196 975410 1088453 1057508 SEE BELOW 0 0 284161 149418 TO PROVIDE ACCESS TO CAYUGA LAKE FOR INDIVIDUALS AND FAMILIES FOR RELATED RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES, PROMOTING FRIENDSHIP AND CAMARADERIE IN THE PROCESS. 284161 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 1 13 0 15 1 1 1 0 0 0 0 0 0 6855 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X SCIARABBA WALKER & CO LLP 6072725550 410 EAST UPLAND ROAD ITHACA NY 14850 X LIZ SINGH COMMODORE 1.00 X X 0 0 0 NEIL KLOHMANN VICE COMMODORE 1.00 X X 0 0 0 BOBBI SMITH DIRECTOR 1.00 X 0 0 0 BRAD BUELL DIRECTOR 1.00 X 0 0 0 GEORGE BREUHAUS DIRECTOR 1.00 X 0 0 0 ERIN CONNERS DIRECTOR 1.00 X 0 0 0 DAVID FILIBERTO DIRECTOR 1.00 X 0 0 0 BETH BREUHAUS REAR-COMMODORE 1.00 X X 0 0 0 WILLIAM ARMS TREASURER 1.00 X X 0 0 0 KATIE ROLLER DIRECTOR 1.00 X 0 0 0 MICHAEL RYZEWIC DIRECTOR 1.00 X 0 0 0 JAMES EDDLESTONE DIRECTOR 1.00 X 0 0 0 CONSTA LAMBROU DIRECTOR 1.00 X 0 0 0 SCOTT WEISSMANN SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 310934 1455 312389 HARBOR MASTER 713990 135169 135169 SAILING MASTER 713990 41162 13642 27520 F&B 713990 8250 8250 184581 7164 7164 1192 726 466 466 OTHER INCOME 900099 141 141 141 504741 149418 42934 0 X 1000 1000 64112 38224 25888 3746 2233 1513 2553 2553 86159 86159 1457 1457 1266 1266 20722 19578 1144 117080 117080 71966 71966 PROPERTY TAXES 49518 49518 UTILITIES 38347 38347 OUTSIDE SERVICES 16816 16816 REPAIR AND MAINTENANCE 12724 12724 48217 36702 11515 535683 284161 251522 0 498730 427327 25887 423776 4034 4672 22513 17190 4207609 3073239 1207237 1134370 2248 12281 0 13302 1760649 2032918 7211 6452 150364 0 495791 449380 18830 519578 672196 975410 X 1088453 1057508 1088453 1057508 1760649 2032918 X -30942 -3 X X 1 X 0 1 0 127326 127326 2666530 2063397 603133 810153 554057 256096 382413 234598 147815 221187 221187 0 1134370 TAXES & INSURANCE PAYABLE 250 SALES TAX PAYABLE 5845 PREPAID DUES 342534 PREPAID MARINA/MOORING 162618 DOCK NOTES 6500 PAYROLL LIABILITES 1831 519578 X PART X, LINE 2: THE CLUB FOLLOWS THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR RECORDING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ADDITIONALLY, THIS STANDARD PROVIDES GUIDANCE ON THE RECOGNITION, CLASSIFICATION, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE REQUIREMENTS FOR CERTAIN TAX POSITIONS. AT DECEMBER 31, 2021, THE CLUB DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR ANY RELATED ACCRUED INTEREST OR PENALTIES. THE TAX YEARS OPEN TO EXAMINATION BY THE FEDERAL AND NEW YORK STATE TAXING AUTHORITIES ARE 2018 THROUGH 2021. SIGNIFICANT MANAGEMENT JUDGMENT IS REQUIRED IN DETERMINING UNCERTAIN TAX POSITIONS. WHILE THE ORGANIZATION BASES ITS ESTIMATES ON HISTORICAL EXPERIENCE AND VARIOUS OTHER ASSUMPTIONS THAT MANAGEMENT BELIEVES TO BE REASONABLE UNDER THE CIRCUMSTANCES, ACTUAL RESULTS MAY DIFFER FROM THESE ESTIMATES, AND, AS A RESULT, COULD HAVE A MATERIAL IMPACT ON THE FINANCIAL POSITION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MADE BY THE BOARD ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY BOOKKEEPER AND MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALY OR AS THEY ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OR INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E CREDIT CARD/BANK FEES: PROGRAM SERVICE EXPENSES 9,845. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,845. MUSIC & ENTERTAINMENT: PROGRAM SERVICE EXPENSES 8,270. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,270. MISC EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,117. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,117. SUPPLIES: PROGRAM SERVICE EXPENSES 5,268. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,268. YOUTH SAILING EXPENSE: PROGRAM SERVICE EXPENSES 5,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,100. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 2,972. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,972. PRIOR YEAR EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,549. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,549. LICENSES & FEES: PROGRAM SERVICE EXPENSES 2,374. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,374. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 1,489. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,489. CLUB FLEET MAINTENANCE: PROGRAM SERVICE EXPENSES 1,384. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,384. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 599. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 599. OTHER TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250. FORM 990, PART XI, LINE 9: ROUNDING -3. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.