Hudson River Sloop Clearwater Inc.

“The membership of the corporation shall consist of persons who are interested in advancing the purpose of the corporation and who pay minimum annual dues, as set from time to time by the board of directors. The membership shall control the corporation through the annual election of directors.”

“The membership shall control the corporation through the annual election of directors.”

“Whenever the board of directors shall decide that a question submitted for its decision is of such importance that it should be submitted to a vote of the corporation, the board shall: submit to the secretary, in writing, such question, formatted and worded precisely as it is to be finally presented; direct the secretary to include such question on the regular ballot for comment or direction; or, if the board should order such a question to be included on the ballot for vote, the board should direct the secretary to distribute the ballot and canvass the vote in the same manner as for the annual election of directors. A majority vote of all ballots shall decide the question. The board shall upon the written request of fifty members of the corporation submit to vote any question that they propose. Amendments to the by-laws may be proposed by petition of any five members of the board of directors or any fifty members of the corporation. If such an amendment is approved by the board, it shall be submitted to the corporation for a referendum vote. Such a vote could take place at the same time as the election of the board, or at any other time set by the board, and in accordance with the procedures set forth in article xi. If approved by two-thirds of those voting, such amendment will become part of these by-laws.”

“The board will receive the 990 prior to filing but the vote to submit the 990 will be done by the executive committee.”

“Board members are responsible for revising and updating disclosures annually or as new potential conflicts arise.”

“A compensation committee which consists of different board members decides compensation.”

“Governing documents are made available upon request.”

“The organization did not change its process from the prior year.”

“We had volunteers sail aboard clearwater. Clearwater's volunteers fill week-long spots and assist with three main tasks: education, cleaning, and sailing. We also have volunteers during the year doing regular office clerical work.”

“During the year ended november 30, 3023, the organization identified that land, which had been previously gifted to another not-for-profit organization in may of 2020, and a vehicle, which had previously been disposed of in december of 2019, were still recorded in property and equipment. As a result, property and equipment were decreased by $145,400 and net assets were decreased by $145,400 as of december 1, 2021. In addition, the financial statements as of november 30, 2022 were restated to reflect the retroactive application of asc 842 leases, resulting in the recognition of a right-of-use asset and lease liability of $63,376.”

“At the time the original form 990 for the fiscal year ending november 30, 2023 was filed, the organization's audited financial statements had not yet been issued. Form 990 is being amended to report the following changes: form 990, part iii statement of program service accomplishments: line 4a expenses - increase of $2,701 line 4a revenue - decrease of $3,009 line 4a revenue - increase of $3,160 form 990, part iv checklist of required schedules: lines 11e, 11f & 12a - answered "yes" form 990, part viii statement of revenue: line 1f - increase of $3,756 line 2a - decrease of $3,009 line 2b - increase of $3,160 line 8a - increase of $7,850 form 990, part ix statement of functional expenses: line 22, column (b) - increase of $2,701 line 24e, column (c) - increase of $6,269 form 990, part x balance sheet: line 1 - increase of $11,757 line 10a - decrease of $69,727 line 10b - decrease of $67,025 line 10c - decrease of $2,702 line 17 - decrease of $1 line 27 - increase of $9,056 form 990, part xi reconciliation of net assets: line 1 - increase of $11,757 line 2 - increase of $8,970 line 3 - increase of $2,787 line 8 - increase of $6,269 line 10 - increase of $9,056 form 990, part xii financial statements and reporting: line 2b - answered "yes" on a "separate basis" line 2c - answered "yes" schedule a, part ii support schedule for organizations described in sections 170(b)(1)(a)(iv) and 170(b)(1)(a)(vi): line 1, column (e)- increase of $3,756 line 12 - increase of $151 schedule d, part vi land, buildings, and equipment: line 1d, columns (b) & (c) - decrease of $69,727 line 1e, column (c) - increase of $2,702 total - decrease of $2,702 schedule d, part xi reconciliation of revenue per audited financial statements with revenue per return - completed schedule d, part xii reconciliation of expenses per audited financial statements with expenses per return - completed schedule g, part ii fundraising events: line 1, (a) event #1 - increase of $7,940”