Hyannis Yacht Club

“The organization has members who elect the members of the governing body and officers. These members can also remove members of the governing body and officers and amend the by-laws. In addition, the members of the governing body can fill vacancies among the members of the governing body and officers until the next annual election”

“See explanation for form 990, part vi, section a, line 6 above”

“See explanation for form 990, part vi, section a, line 6 above”

“The organization's form 990 was prepared by its outside accountants and reviewed by the club's controller, general manager, treasurer and was provided to the entire governing body before being filed.”

“The practice has been for the compensation committee ( a committee of the governing board) to make recommendations for the general manager's compensation. As authorized by the governing board or the budget and finance committee ( a committee of the governing board) the chairman of the governing board conducts and annual review with the general manager covering performance and compensation. The general manager makes compensation recommendations for other employees subject to review by the budget and finance committee. The general manager then conducts annual reviews with the employees.”

“The organization does not make its financials statements and governing documents available to the general public. The balance sheet is posted on the official club notice board.”

“Yacht activities: program service expenses 112,432. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,432. Bank fees: program service expenses 29,865. Management and general expenses 68,409. Fundraising expenses 0. Total expenses 98,274. Management and board: program service expenses 0. Management and general expenses 82,757. Fundraising expenses 0. Total expenses 82,757. Payroll processing: program service expenses 0. Management and general expenses 80,083. Fundraising expenses 0. Total expenses 80,083. Contract labor: program service expenses 78,091. Management and general expenses 0. Fundraising expenses 0. Total expenses 78,091. Entertainment: program service expenses 0. Management and general expenses 65,551. Fundraising expenses 0. Total expenses 65,551. Computer and software: program service expenses 0. Management and general expenses 44,518. Fundraising expenses 0. Total expenses 44,518. Miscellaneous: program service expenses 26,194. Management and general expenses 15,822. Fundraising expenses 0. Total expenses 42,016. Property taxes: program service expenses 20,031. Management and general expenses 15,814. Fundraising expenses 0. Total expenses 35,845. Cleaning and janitorial: program service expenses 11,474. Management and general expenses 17,211. Fundraising expenses 0. Total expenses 28,685. Rental and lease: program service expenses 0. Management and general expenses 28,392. Fundraising expenses 0. Total expenses 28,392. Postage and printing: program service expenses 27,597. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,597. Recruitment: program service expenses 0. Management and general expenses 26,452. Fundraising expenses 0. Total expenses 26,452. Licenses and permits: program service expenses 9,133. Management and general expenses 13,699. Fundraising expenses 0. Total expenses 22,832. Decorations: program service expenses 0. Management and general expenses 7,678. Fundraising expenses 0. Total expenses 7,678. Dues and subscriptions: program service expenses 0. Management and general expenses 4,764. Fundraising expenses 0. Total expenses 4,764. Warehouse rent: program service expenses 0. Management and general expenses 3,572. Fundraising expenses 0. Total expenses 3,572. Events: program service expenses 614. Management and general expenses 0. Fundraising expenses 0. Total expenses 614. Volunteer expenses: program service expenses 0. Management and general expenses 163. Fundraising expenses 0. Total expenses 163.”