Civic Intelligence

Whalers Cove Yacht Club Inc

EIN 11-2015841 • 501(c)7 • Cold Spring Harbor, NY

Profile

The purpose of the club is to promote sociability, good will, safe boating, and a clean environment, while serving the boating interests of its members.

PO Box 293Cold Spring Harbor, NY 11724

www.whalerscoveyachtclub.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.52x

Higher debt load relative to assets than 90% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.69x

Higher debt load relative to revenue than 93% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Source year 2024

Net Margin

55th percentile

7.8%

Higher net margin than 55% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE N • $500k-$1M nonprofits • Source year 2024

Asset Growth

66th percentile

15%

Faster asset growth than 66% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

12%

Faster revenue growth than 59% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$770,849

Up $102,094 (+15%) from 2023

Liabilities

Up

$401,813

Up $56,703 (+16%) from 2023

Net Assets

Up

$369,036

Up $45,391 (+14%) from 2023

Revenue

Up

$585,613

Up $63,091 (+12%) from 2023

Expenses

Up

$540,222

Up $30,832 (+6.1%) from 2023

Net Income

Up

$45,391

Up $32,259 (+246%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $335,695Liabilities 2010: $212,570Net Assets 2010: $123,1252010Assets 2011: $303,802Liabilities 2011: $221,137Net Assets 2011: $82,6652011Assets 2012: $327,486Liabilities 2012: $215,519Net Assets 2012: $111,9672012Assets 2013: $336,135Liabilities 2013: $221,075Net Assets 2013: $115,0602013Assets 2014: $324,323Liabilities 2014: $243,937Net Assets 2014: $80,3862014Assets 2015: $330,469Liabilities 2015: $234,688Net Assets 2015: $95,7812015Assets 2016: $322,702Liabilities 2016: $233,105Net Assets 2016: $89,5972016Assets 2017: $330,274Liabilities 2017: $223,223Net Assets 2017: $107,0512017Assets 2018: $312,534Liabilities 2018: $201,399Net Assets 2018: $111,1352018Assets 2019: $347,809Liabilities 2019: $233,972Net Assets 2019: $113,8372019Assets 2020: $429,018Liabilities 2020: $279,702Net Assets 2020: $149,3162020Assets 2021: $479,385Liabilities 2021: $278,751Net Assets 2021: $200,6342021Assets 2022: $607,318Liabilities 2022: $296,805Net Assets 2022: $310,5132022Assets 2023: $668,755Liabilities 2023: $345,110Net Assets 2023: $323,6452023Assets 2024: $770,849Liabilities 2024: $401,813Net Assets 2024: $369,0362024

Highlighted filing

2024

Assets$770,849
Liabilities$401,813
Net Assets$369,036

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $329,7032010Expenses 2011: $369,9742011Expenses 2012: $330,2162012Revenue 2013: $341,745Expenses 2013: $338,652Net Income 2013: $3,0932013Revenue 2014: $330,614Expenses 2014: $365,288Net Income 2014: -$34,6742014Revenue 2015: $366,163Expenses 2015: $350,768Net Income 2015: $15,3952015Revenue 2016: $365,531Expenses 2016: $371,715Net Income 2016: -$6,1842016Revenue 2017: $384,579Expenses 2017: $367,125Net Income 2017: $17,4542017Revenue 2018: $401,226Expenses 2018: $397,142Net Income 2018: $4,0842018Revenue 2019: $359,591Expenses 2019: $356,889Net Income 2019: $2,7022019Revenue 2020: $461,391Expenses 2020: $425,912Net Income 2020: $35,4792020Revenue 2021: $484,596Expenses 2021: $433,278Net Income 2021: $51,3182021Revenue 2022: $607,207Expenses 2022: $497,328Net Income 2022: $109,8792022Revenue 2023: $522,522Expenses 2023: $509,390Net Income 2023: $13,1322023Revenue 2024: $585,613Expenses 2024: $540,222Net Income 2024: $45,3912024

Highlighted filing

2024

Revenue$585,613
Expenses$540,222
Net Income$45,391

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.71$4.02$3.69$5.86$5.40$0.45
2023Detailed filing. Detailed filing data is available for this year.$6.69$3.45$3.24$5.23$5.09$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$2.97$3.11$6.07$4.97$1.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.79$2.79$2.01$4.85$4.33$0.51
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$2.80$1.49$4.61$4.26$0.35
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$2.34$1.14$3.60$3.57$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.13$2.01$1.11$4.01$3.97$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.30$2.23$1.07$3.85$3.67$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$2.33$0.90$3.66$3.72$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.30$2.35$0.96$3.66$3.51$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.24$2.44$0.80$3.31$3.65$0.35
2013Detailed filing. Detailed filing data is available for this year.$3.36$2.21$1.15$3.42$3.39$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$2.16$1.12$3.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$2.21$0.83$3.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$2.13$1.23$3.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$585,613
Mission and Program Overview

Mission

The purpose of the club is to promote sociability, good will, safe boating, and a clean environment, while serving the boating interests of its members.

To promote sociability, good will, safe boating and a clean environment, while serving the boating interests of its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$265,374$370,375▲ $105,001
Rtn Earn Endowment Incm Other Fnds$323,645$369,036▲ $45,391
Land, Buildings, and Equipment, Net$329,062$344,070▲ $15,008
Cash and Non-Interest-Bearing Accounts$53,337$56,404▲ $3,067
Prepaid Expenses and Deferred Charges$20,982$0▼ $20,982
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$668,755$770,849▲ $102,094
Other Assets Total-$0-
Liabilities
Deferred Revenue$344,800$393,330▲ $48,530
Accounts Payable and Accrued Expenses-$8,005-
Other Liabilities$310$478▲ $168
Total Liabilities$345,110$401,813▲ $56,703
Net Assets / Fund Balance
Total Net Assets Fund Balance$323,645$369,036▲ $45,391
Total Liabilities and Net Assets / Fund Balance$668,755$770,849▲ $102,094

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$143,399$121,583$264,982
Leasehold Improvements$173,725$14,603$188,328
Buildings$26,946$10,197$37,143
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim CelestinoCommodore
Bob FoxJr Fleet Captn
Bob FoxPast Commodore
Bob BastaRear Commodore
Allen SaundersSecretary
Paul MazzeiSr Fleet Captn
Paul PaternosterTreasurer
John CoyleVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$528,400
Investment Income
$4,203
Other Revenue
$53,010
Change in Net Assets
$45,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,047
Salaries, Compensation, and Employee Benefits$210,175
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$220,305--$220,305
Other Salaries and Wages$180,140--$180,140
Insurance-$45,567-$45,567
Payroll Taxes$30,035--$30,035
Depreciation Depletion$21,341--$21,341
Fees for Services Accounting-$13,255-$13,255
Other Expenses-$7,743-$7,743
Information Technology$6,204--$6,204
Fees for Services Other$5,613--$5,613
Advertising$3,843--$3,843
Office Expenses-$3,167-$3,167
Conferences and Meetings$3,009--$3,009
Total Functional Expenses$470,490$69,732$0$540,222
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$478
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The board of directors shall consist of 6 members (not incl rear and past commodores) to be elected for a term of two years by a majority of the general membership.

Form 990, Part VI, Section A, Line 7B

Ten members shall constitute a quorum at any meeting of the general membership.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the board members and signed before filing.

Form 990, Part VI, Section C, Line 19

All documents are available for review at the organization's location, upon request.

Filing and Contact Details

Filer

Filer Name
Whalers Cove Yacht Club
EIN
11-2015841
Phone
6313679822
Address
PO Box 293, Cold Spring Harbor, NY 11724

Signing Officer

Name
Allen Saunders
Title
Secretary
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Fox
Formed
1962
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
8

Preparer

Firm
Wild Maney & Resnick Llp
Address
185 FROEHLICH FARM BLVD, WOODBURY, NY 11797
Preparer
Matthew Taus CPA PFS CFP
Phone
5163648888
Raw XML Appendix380 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AdvertisingGrp/ProgramServicesAmt03843
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IRS990/AllOtherExpensesGrp/TotalAmt00
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd011724
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IRS990/CntrctRcvdGreaterThan100KCnt00
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IRS990/OtherRevenueMiscGrp/Desc2WEBSITE ADVERTISING
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt053000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt053000
IRS990/OtherRevenueTotalAmt053010
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0180140
IRS990/OtherSalariesAndWagesGrp/TotalAmt0180140
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt030035
IRS990/PayrollTaxesGrp/TotalAmt030035
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020982
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Bob Fox
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SURCHARGE
IRS990/ProgramServiceRevenueGrp/Desc1INITIATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3SURCHARGE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2480800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt318000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2480800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt05
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0323840
IRS990/PYOtherRevenueAmt064977
IRS990/PYProgramServiceRevenueAmt0457540
IRS990/PYRevenuesLessExpensesAmt013132
IRS990/PYSalariesCompEmpBnftPaidAmt0185550
IRS990/PYTotalExpensesAmt0509390
IRS990/PYTotalRevenueAmt0522522
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0369036
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt026946
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010197
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt037143
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0173725
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014603
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0188328
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0143399
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0121583
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0264982
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0344070
IRS990ScheduleD/TotalLiabilityAmt0478
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS SHALL CONSIST OF 6 MEMBERS (NOT INCL REAR AND PAST COMMODORES) TO BE ELECTED FOR A TERM OF TWO YEARS BY A MAJORITY OF THE GENERAL MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TEN MEMBERS SHALL CONSTITUTE A QUORUM AT ANY MEETING OF THE GENERAL MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD MEMBERS AND SIGNED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE ORGANIZATION'S LOCATION, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0668755
IRS990/TotalAssetsEOYAmt0770849
IRS990/TotalAssetsGrp/BOYAmt0668755
IRS990/TotalAssetsGrp/EOYAmt0770849
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069732
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470490
IRS990/TotalFunctionalExpensesGrp/TotalAmt0540222
IRS990/TotalGrossUBIAmt053000
IRS990/TotalLiabilitiesBOYAmt0345110
IRS990/TotalLiabilitiesEOYAmt0401813
IRS990/TotalLiabilitiesGrp/BOYAmt0345110
IRS990/TotalLiabilitiesGrp/EOYAmt0401813
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0323645
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0369036
IRS990/TotalProgramServiceRevenueAmt0528400
IRS990/TotalRevenueGrp/ExclusionAmt04203
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0528410
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0585613
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt053000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0668755
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0770849
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 293
IRS990/USAddress/CityNm0Cold Spring Harbor
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011724
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.whalerscoveyachtclub.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Allen Saunders
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Whalers Cove Yacht Club
ReturnHeader/Filer/BusinessNameControlTxt0WHAL
ReturnHeader/Filer/EIN0112015841
ReturnHeader/Filer/PhoneNum06313679822
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 293
ReturnHeader/Filer/USAddress/CityNm0Cold Spring Harbor
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011724
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113269414
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILD MANEY & RESNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0185 FROEHLICH FARM BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011797
ReturnHeader/PreparerPersonGrp/PhoneNum05163648888
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Matthew Taus CPA PFS CFP
ReturnHeader/ReturnTs02025-05-13T07:20:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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