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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
ST IVES COUNTRY CLUB INC
Employer identification number
58-1747071
58-1747071
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THERE ARE TWO MAJOR CLASSES OF MEMBERS, EQUITY MEMBERS AND NON-EQUITY MEMBERS. MEMBERS WHO PURCHASE A REDEEMABLE, PARTIALLY REDEEMABLE OR NON-REDEEMABLE MEMBERSHIP CERTIFICATE ARE DEEMED "EQUITY" MEMBERS. THEY ARE ENTITLED TO VOTE, HOLD OFFICE, SERVE ON CLUB COMMITTEES AND SHARE IN LIQUIDATION PROCEEDS. MEMBERS WHO ARE NOT ENTITLED TO VOTE, HOLD OFFICE, OR SHARE IN LIQUIDATION PROCEEDS AND WHO HAVE NOT PURCHASED A REDEEMABLE OR PARTIALLY REDEEMABLE MEMBERSHIP CERTIFICATE ARE DEEMED "NON-EQUITY" MEMBERS. NON-EQUITY MEMBERS ARE ENTITLED TO SERVE ON THE CLUB COMMITTEES, BUT SUBJECT TO LIMITATIONS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | IF SOMEBODY ON THE BOARD LEAVES OR VACATES THEIR POSITION, THE BOARD MEMBERS HAVE THE RIGHT TO APPOINT AN EQUITY MEMBER TO THE BOARD. HOWEVER, THIS PERSON MUST BE IN GOOD STANDING WITH THE CLUB. THE BOARD MEMBERS SHALL ELECT EQUITY MEMBERS TO FILL VACANCIES IN THE BOARD TO SERVE UNTIL THE NEXT ANNUAL MEETING OF THE CLUB. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE EQUITY MEMBERS HAVE THE RIGHT TO RATIFY SIGNIFICANT DECISIONS MADE BY THE BOARD MEMBERS. EXAMPLES OF THESE SIGNIFICANT DECISIONS COULD INCLUDE THE APPROVAL OF GOING INTO DEBT OF MORE THAN A SPECIFIED AMOUNT AND APPROVAL OF RAISING DUES MORE THAN 10% IN A GIVEN YEAR. | |
| FORM 990, PART VI, SECTION B, LINE 11 | AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, FRAZIER & DEETER, LLC, THE FORM IS FIRST REVIEWED BY THE CLUB CONTROLLER FOR ACCURACY. THE FORM IS THEN PRESENTED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE (PRESIDENT, VICE PRESIDENT, TREASURER, AND COO) AND THEN SIGNED BY THE PRESIDENT. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, EACH MEMBER OF THE LEADERSHIP TEAM AND ANY CANDIDATE FOR ELECTION TO THE BOARD OF DIRECTORS SHALL BE REQUIRED TO COMPLETE A LEADERSHIP TEAM DISCLOSURE STATEMENT. IN CONNECTION THEREWITH, IF THERE IS ANY QUESTION IN THE MEMBER OF THE LEADERSHIP TEAM'S MIND ABOUT WHETHER OR NOT TO DISCLOSE HIS OR HER INTEREST IN A TRANSACTION OR ARRANGEMENT, THE MEMBER OF THE LEADERSHIP TEAM SHOULD DISCLOSE THE INTEREST. THE ANNUAL STATEMENT WILL AFFIRM THAT EACH MEMBER OF THE LEADERSHIP TEAM HAS RECEIVED A COPY OF THE CONFLICT-OF-INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CLUB IS A TAX EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | ST. IVES COUNTRY CLUB'S POLICY ON THE PROCESS FOR DETERMINING COMPENSATION INCLUDES THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CLUBS. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | EACH MEMBER IS GIVEN A COPY OF THE CLUB BY-LAWS AND THE BY-LAWS ARE PUBLISHED ON THE CLUB WEBSITE. A FINANCIAL RECAP IS PUBLISHED ON THE CLUB WEBSITE EACH MONTH. THE ANNUAL CLUB AUDITED FINANCIAL RESULTS ARE PRESENTED TO THE MEMBERSHIP AT THE ANNUAL MEETING AND OPEN FOR DISCUSSION. | |
| ALL OTHER FUNCTIONAL EXPENSES | FORM 990, PART X, LINE 24F | LICENSES AND PERMITS: TOTAL EXPENSES 108,716. CONTRACT LABOR: TOTAL EXPENSES 104,631. GENERAL INSURANCE: TOTAL EXPENSES 84,003. MEMBER/GUEST EXPENSE: TOTAL EXPENSES 61,529. MARKETING EXPENSE: TOTAL EXPENSES 60,546. SERVICE CONTRACTS: TOTAL EXPENSES 51,958. SECURITY: TOTAL EXPENSES 51,753. MEMBER RELATIONS & PROMOTIONS: TOTAL EXPENSES 41,127. COMPUTER EXPENSE: TOTAL EXPENSES 37,024. TELEPHONE: TOTAL EXPENSES 36,304. WORKERS COMPENSATION INSURANCE: TOTAL EXPENSES 32,017. MISCELLANEOUS EXPENSE: TOTAL EXPENSES 31,203. TOURNAMENT EXPENSE: TOTAL EXPENSES 29,205. BANK CHARGES: TOTAL EXPENSES 23,212. WASTE REMOVAL: TOTAL EXPENSES 21,619. DUES AND SUBSCRIPTIONS: TOTAL EXPENSES 21,063. CHINA, GLASSWARE & SILVER: TOTAL EXPENSES 19,542. PERSONAL PROPERTY TAXES: TOTAL EXPENSES 13,677. UNIFORMS: TOTAL EXPENSES 12,127. DECORATIONS: TOTAL EXPENSES 10,440. POSTAGE: TOTAL EXPENSES 8,244. EMPLOYEE RELATIONS: TOTAL EXPENSES 8,011. CLEANING SERVICE: TOTAL EXPENSES 6,342. BAD DEBT EXPENSE: TOTAL EXPENSES 5,723. ASSOCIATION DUES: TOTAL EXPENSES 5,604. PRINTING: TOTAL EXPENSES 4,290. EMPLOYEE MEALS: TOTAL EXPENSES 2,632. DIRECTOR & COMMMITTEE EXPENSE: TOTAL EXPENSES 2,304. |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | INITIATION FEES 147,676. NONREFUNDABLE CAPITAL DUES AND ASSESSMENTS 643,341. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT -38,050. REFUNDABLE CAPITAL ASSESSMENTS -15,750. TOTAL TO FORM 990, PART XI, LINE 5: 737,217. |
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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