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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.OMB No. 1545-0047
2010
Open to Public
Inspection
Inspection
Name of the organization
CONGRESSIONAL COUNTRY CLUB INC
Employer identification number
53-0050980
53-0050980
| Identifier | Return Reference | Explanation |
|---|---|---|
| governance | Form 990, Part VI, Section B, question 12 | The Club monitors the conflict of interest policy by requiring the membership to be made aware of significant and material events which require a vote for approval, through the recording, review and approval of committee and Board minutes to insure that there are no conflicts of interest and by thoroughly vetting contracts by the Board and Senior Management to verify that independence is maintained and there are no conflicts of interest. The Club's conflict of interst policy, as noted in the by-laws is as follows: "No officer, Governor or Committee Chairman of the Club shall directly or indirectly benefit financially from or possess an interest in any contract or transaction relating to the property, facilities or operation of the Club." Each year, each board member is required to sign a conflict of interest disclosure stating that the board member will adhere to the policy. The signed document is then placed in the board member's file. The Club's conflict of interest policy, as contained in the employee manual is as follows: The Club has always been careful to protect the interests of its employees and members. To assure this protection, certain employees will be asked to complete annual questionnaires concerning transactions, as well as any outside interests of the employee or members of his or her family which might conflict with the interests of the Club. No employee should invest in or become financially associated with a supplier or competitor of the club to such extent or in such a manner as might tend to influence the performance of his or her duties for the Club. Personnel in purchasing and related fields must exercise particular caution whenever there is possibility of conflict and should consult their supervisor concerning any doubt or question as to a conflict of interest. Penalties imposed by the Club for violation of the conflict of interest policy will depend upon the gravity of the violation, the employee's degree of culpability and the Department Head's determination of the extent of the resulting conflict of interest. |
| governance | Form 990, Part VI, Section B, question 15 | The process for determining the compensation for the Club's General Manager (GM)/Chief Operating Officer's (COO) resides within the Compensation Committee. The Committee is comprised of the Club's President, the Club's Vice President and the Immediate Past President of the Club. Beginning in 2006, the Compensation Committee began the process of extending the GM/COO's contract. The Committee obtained country club and private club compensation studies that were prepared by independent third parties, reviewed the GM/COO's past performance evaluations, discussed his performance with prior compensation committee members and held discussions with outside advisors familiar with country club and private club compensation matters. Based on this information, the Compensation Committee executed a new five year contract, for the period November 1, 2006 to November 1, 2011, with the GM/COO that the committee believes is fair and is reflective of the then current market conditions. The evaluation took into account the club's size and the responsibilities of the job as compared to similar clubs. Subsequent to the new contract being entered into, subsequent compensation committees have reviewed the GM/COO's performance and, as provided for in the GM/COO's contract, have awarded him bonuses based upon performance against pre-established criteria that is important to the Board and the successful operation of the Club. In July 2009, the GM/COO's contract was amended to include a final settlement of all federal and state taxes, provided the GM/COO does not accept an offer of employement from another person or entity before April 30, 2013. |
| governance | Form 990, Part VI, Section B, Quesiton 11 | The financial statements of the Club are prepared by the Club and audited by an independent public accounting firm. Based upon the final audited results, the independent public accounting firm prepares Form 990 on behalf of the Club. Drafts of Form 990 are provided to the General Manager, CFO and Controller for review and revision. Once the management of the Club has reviewed the returns, a draft is then provided to a sub-committee of the Finance Committee for review. Additionally, the Executive Committee of the Board of Governors reviews the return prior to filing. After the return has been successfully filed with the IRS, a copy of the return is given to all Board Members. |
| governance | Form 990, Part VI, Section C, quesion 19 | Documents that are required by state or federal law to be open to public inspection shall be distributed upon verbal or written request - no other documents are avaiable to the public. |
| governance | Form 990, Part VI, Section A, Question 6 | Presently, Congressional Country Club has 3,206 members of which 2,219 are voting members. The following are the Club's classes of membership: 1) Annual Guest: Members are not entitled to vote or hold office 2) Resident Active: Members are entitled to vote and can hold office 3) Beneficiary Special: Members are not entitled to vote or hold office 4) Beneficiary Special (20 yrs.): Members are entitled to vote and cannot hold office 5) Honorary Life: Members are entitled to vote and cannot hold office 6) Honorary: Members are not entitled to vote or hold office 7) Junior "A": Members are not entitled to vote or hold office 8) Junior "B": Members are not entitled to vote or hold office 9) Junior "C": Members are not entitled to vote or hold office 10) Junior - Military: Members are not entitled to vote or hold office 11) Junior - Absent: Members are not entitled to vote or hold office 12) Non-resident - Regular: Members are not entitled to vote or hold office 13) Non-resident - Special: Members are not entitled to vote or hold office 14) Resident - Inactive: Members are not entitled to vote or hold office 15) Resident - Active (20 yrs): Members are entitled to vote and hold office 16) Resident - Absent: Members are entitled to vote and cannot hold office 17) Social Guest: Members are not entitled to vote or hold office |
| governance | Form 990, Part VI, Section A, Question 7a | The Club's Resident - Active, Honorary Life, Resident - Active (20 yrs), Beneficiary Active, and Resident - Absent members can elect the governing body. |
| governance | Form 990, Part VI, Section A, Question 7b | Dues and assessments increases are voted on by the members as well as any capital purchase over $500,000. Member approval is also required to commit the Club to the use of the facilities for any professional athletic tournament. Membership classes who vote on these issues include: Resident - Active, Resident - Active (20 yrs), Resident - Absent, Honorary Life, and active beneficiary categories. |
| RECONCILIATION OF NET ASSETS | Form 990, Part XI, Line 5 | The total amount ($334,833) of other changes in net assets - is a result of the Club taking 100% bonus depreciation on a tax basis for assets (land improvements) attributable to land improvements made specifically for the U.S. Open Tournament. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010
Additional Data
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