2026-09-21T09:35:21-04:00 2025-12-31 810983950 THEODORE J EGLIT JR CPA 1003 CHELSEA CV S HOPEWELL JUNCTION NY 12533 990 2025-01-01 140561195 CHELSEA YACHT CLUB CHEL 8458317245 PO BOX 180 CHELSEA NY 12512 MARGARET MCNAMARA TREASURER 8458317245 2026-09-21 true THEODORE J EGLIT JR CPA P00044008 8452271961 2026-09-21 X 2025 MICHAEL BARRA PO BOX 180 CHELSEA NY 12512 286717 false X WWW.CHELSEAYACHT.ORG X 1890 NY TO ATTRACT AND BRING TOGETHER A DEDICATED GROUP OF SAILING MEMBERS, AS WELL AS, ENCOURAGE, AID AND SUPPORT YOUTH AND ADULT SAILING PROGRAMS. 14 14 12 163 12483 8124 78373 78969 179747 180470 11203 8979 17211 18299 286534 286717 0 0 41982 43560 0 0 238858 231059 280840 274619 5694 12098 437410 468912 25209 44611 412201 424301 TO ATTRACT AND BRING TOGETHER A DEDICATED GROUP OF SAILING MEMBERS, AS WELL AS, ENCOURAGE, AND AND SUPPORT YOUTH AND ADULT SAILING PROGRAMS. false false JR AND ADULT SAILING PROGRAMS TO ENCOURAGE INTEREST AND BUILD SKILLS IN SAILING. LAUNCH, MOORING, HAULING AND STORAGE SERVICES FOR MEMBERS TO PROMOTE BOATING FOR ATHLETIC AND SOCIAL BENEFITS. CHELSEA OPEN REGATTA, RACES, AND SOCIAL EVENTS - TO PROMOTE THE SPORT OF RACING AND FOSTER THE SOCIAL BENEFITS OF A SAILING COMMUNITY. false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false true 20 0 12 true true true false false false false 3825 false false false X 14 14 false false false false true true true true true false false true true true true false false false false false X MARGARET MCNAMARA 8458317245 PO BOX 180 PO BOX 180 CHELSEA NY 12512 X BRIAN KOLB TRUSTEE X 0 0 0 MARK MAXAM TRUSTEE X 0 0 0 MARTIN ROSNER TRUSTEE X 0 0 0 MICHAEL BARRA COMMODORE X 0 0 0 AMY CLOUTIER VICE COMMMOD X 0 0 0 CORINNA DEIGAN RC ENTERTAIN X 0 0 0 KATRINA DUFFY SECRETARY X 0 0 0 COREY GOWER RC WATERFRON X 0 0 0 EVARISTO HIPOLITO RC HOUSE X 0 0 0 GABRIEL HORN RC BOATS AND X 0 0 0 FRANCIS PETER MCCONNELL FLEET CAPTAI X 0 0 0 MARGARET MCNAMARA TREASURER X 0 0 0 RALF SEIP RC MARINA X 0 0 0 SVEN WILKEHR RC GROUNDS X 0 0 0 false false false 78357 612 78969 HAULING AND STORAGE 713930 60235 60235 MOORING FEES 713930 50050 50050 YOUTH SAIL PROGRAM 611620 46702 46702 CLUB EVENTS 713930 17214 17214 LOCKER RENTAL 611620 1890 1890 4379 1600 2779 180470 8979 8979 HARDWARE SALES 6214 6214 UNWORKED HOURS 4391 4391 SODA MACHINE 1507 1507 6187 5462 725 18299 286717 195265 12483 X 39367 39367 4193 4193 6650 6650 2152 2152 1025 1025 23331 23331 47745 47745 SCHOOL TAXES 25351 25351 UTILITIES 20579 20579 MARINA 9416 9416 PROPERTY TAXES 9397 9397 85413 41822 43591 274619 94798 179821 0 32244 48960 216657 182827 3385 2939 24044 25253 885280 676347 161080 208933 437410 468912 3168 3196 8000 10000 14000 29000 41 2415 25209 44611 X 412201 424301 412201 424301 437410 468912 X 12098 2 X X false true X true 41500 41500 442617 310134 132483 401163 366213 34950 208933 SALES TAX PAYABLE 2415 2415 286717 286717 286717 274619 274619 274619 MARGARET MCNAMARA TREASURER WALKWAY PROJECT X 3000 3000 false true true AMY CLOUTIER VICE COMMODORE WALKWAY PROJECT X 3000 2000 false true true MARGARET MCNAMARA TREASURER 2025 NORTH POINT RETAINING WALL X 2000 2000 false true true MARK MAXAM TRUSTEE 2025 NORTH POINT RETAINING WALL X 2000 2000 false true true MICHAEL COLUCCI FORMER RC HAULING 2025 NORTH POINT RETAINING WALL X 1000 1000 false true true 10000 FORM 990 A REVIEW WAS CONDUCTED FOR THE YEAR ENDING 12/31/24 SUBSEQUENT TO THE FILING OF THE 2024 FORM 990. AS A RESULT, SOME OF THE TOTALS FOR REVENUES, EXPENSES, ASSETS AND LIABILITIES CHANGED. FOR THIS REASON, SOME OF THE AMOUNTS THAT WERE REPORTED ON THE 2024 FORM WERE CHANGED TO THE AMOUNTS PER THE REVIEWED 2024 FINANCIAL STATEMENTS AND USED FOR THE PRIOR YEAR AMOUNTS ON THE 2025 FORM 990 SO THAT THE ENDING BALANCE OF NET ASSETS FOR 2024 AGREED WITH THE BEGINNING BALANCE OF NET ASSETS FOR 2025. FORM 990, PAGE 6, PART VI, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS NOT-FOR-PROFIT CLUB WITH MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS MEMBERS ELECT THE BOARD OF TRUSTEES FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS MEMBERS ARE TASKED WITH ELECTING THE BOARD OF TRUSTEES, APPROVING THE ANNUAL BUDGET, AND APPROVING ANY UNBUDGETED EXPENDITURES IN EXCESS OF 10,000. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD RECEIVES A COPY OF THE TAX RETURN PRIOR TO FILING OF THE RETURN. UPON REVIEWING THE RETURN, IF EVERYTHING LOOKS GOOD, THE BOARD INFORMS THE ACCOUNTANT TO FILE THE RETURN ELECTRONICALLY FORM 990, PAGE 6, PART VI, LINE 12C ENFORCEMENT OF CONFLICTS POLICY CONFLICTS OF INTEREST POLICY REQUIRES OFFICERS TO ADVISE THE BOARD IF ANY POTENTIAL CONFLICT OF INTEREST EXISTS OR ARISES DURING THEIR TERM. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION DOCUMENTS ARE AVAILABLE TO CURRENT MEMBERS ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 24E WEBSITE DESIGN 0 8,308 0 CHELSEA OPEN HOUSE 8,138 0 0 GROUND MAINTENANCE 0 7,064 0 BOUNDARY SURVEY 0 6,500 0 HAULING AND STORAGE 6,109 0 0 COMMODORE'S BALL 6,057 0 0 MERCHANT FEES 0 6,010 0 FLEET CAPTAIN 5,312 0 0 HOUSE EXPENSE 0 4,213 0 YOUTH SAILING EXPENSES 3,950 0 0 ENTERTAINMENT 2,766 0 0 WRITE DOWNS 0 2,714 0 BOATS AND MOTORS 2,679 0 0 CLAMBAKE 2,188 0 0 PARTIES AND EVENTS 1,829 0 0 INCOME TAX 0 1,772 0 TREASURER'S EXPENSES 0 1,328 0 SECRETARY EXPENSES 0 1,236 0 HISTORIAN 0 1,096 0 LAUNCH PAYROLL SERVICES 1,032 0 0 LAUNCH EXPENSES 939 0 0 SODA MACHINE 0 749 0 PURCHASE FOR MEMBERS 0 655 0 ICE MACHINE 0 520 0 MISCELLANEOUS 0 388 0 YOUTH SAILING PAYROLL SER 384 0 0 SEWER & WATER 0 354 0 ADULT SAILING EXPENSES 324 0 0 DONATIONS 0 300 0 PERMITS 0 250 0 WATERFRONT 0 134 0 ADULT SAILING PAYROLL SER 115 0 0 TOTAL 41,822 43,591 0 FORM 990, PART XI, LINE 9 ROUNDING 2 FORM 990, PAGE 12, PART XII, LINE 1 THE ORGANIZATION USES THE ACCRUAL BASIS INTERNALLY FOR ACCOUNTING AND REPORTING PURPOSES. THE PRIOR ACCOUNTANT PREPARED THE FORM 990 ON THE CASH BASIS INSTEAD OF THE ACCRUAL BASIS. THE CURRENT ACCOUNTANT HAS ADVISED THE ORGANIZATION TO REPORT ON THE ACCRUAL BASIS.