Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 15A/B | Officers and Governors- N/A Employees- Approved by Board of Governors | |
| FORM 990, PART VI, SECTION C, LINE 19 | A PRIVATE MEMBER CLUB IS NOT REQUIRED TO MAKE THE GOVERNING DOCUMENTS, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VI, SECTION A LINE 6 | THERE ARE TWO MAJOR CLASSES OF MEMBERS, EQUITY MEMBERS AND NON-EQUITY MEMBERS. EQUITY MEMBERS ARE MEMBERS WHO ARE ENTITLED TO SHARE IN LIQUIDATION PROCEEDS, AND WHO PURCHASE A REDEEMABLE OR PARTIALLY REDEEMABLE CERTIFICATE ARE DEEMED "EQUITY" MEMBERS. THESE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY AND ALSO APPROVE SIGNIFICANT DECISIONS MADE BY THE GOVERNING BODY. NON-EQUITY MEMBERS ARE MEMBERS WHO ARE NOT ENTITLED TO VOTE, HOLD OFFICE, SHARE IN LIQUIDATION PROCEEDS, OR HAVE THEIR INITIATION FEES REFUNDED IN WHOLE OR IN PART ARE DEEMED "NON-EQUITY" MEMBERS. | |
| 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 90, 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 ANY CAPITAL EXPENDITURES EXCEEDING $500,000. | |
| FORM 990, PART VI, SECTION B, LINE 11A | THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, BDO USA, LLP AND IS REVIEWED BY THE ORGANIZATION'S CONTROLLER, MANAGER, AND TREASURER. |
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