Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BUSINESS RELATIONSHIPS AMONG DIRECTORS AND OFFICERS HAVE BEEN DISCLOSED BY TMVOA BOARD MEMBERS AS FOLLOWS: CHUCK HORNING, JEFF PROTEAU AND JOHN HORN (CLASS D BOARD MEMBERS) ARE ALL EMPLOYED BY AND OFFICERS OF TSG SKI & GOLF, LLC. TSG HAS CONTRACTUAL AND OTHER RELATIONSHIPS WITH SUNRISE INC, FOR WHICH JONATHAN GREENSPAN (CLASS C BOARD MEMBER) IS THE OWNER. |
| FORM 990, PART VI, SECTION A, LINE 6 | TMVOA HAS FOUR CLASSES OF MEMBERSHIP: CLASS A RESIDENTIAL, CLASS B LODGING, CLASS C COMMERCIAL, AND CLASS D MOUNTAIN SPECIAL MEMBER. THERE ARE 2,513 RESIDENTIAL SITES, 656 LODGING SITES, AND 188 COMMERCIAL SITES. THERE ARE NO SITES WITH CLASS D MOUNTAIN SPECIAL MEMBER. EACH SITE WITHIN TMVOA IS CATEGORIZED INTO A SITE DEPENDING UPON THE ZONING CLASSIFICATION OF EACH SITE AS SET FORTH IN THE TOWN OF MOUNTAIN VILLAGE LAND USE CODE (EXCEPT FOR CLASS D). CLASS D IS GRANTED A SPECIAL MEMBERSHIP UNDER THE TMVOA GOVERNING DOCUMENTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE 7 MEMBERS OF THE BOARD OF DIRECTORS OF TMVOA ARE ELECTED OR APPOINTED AS FOLLOWS: 2 CLASS A RESIDENTIAL DIRECTORS ARE ELECTED BY THE RESIDENTIAL CLASS. EACH RESIDENTIAL SITE IS ALLOCATED ONE VOTE. 1 CLASS B LODGING DIRECTOR IS ELECTED BY THE LODGING CLASS. EACH LODGING SITE THAT HAS BEEN CERTIFIED FOR OCCUPANCY IS ALLOCATED ONE VOTE. 1 CLASS C COMMERCIAL DIRECTOR IS ELECTED BY THE COMMERCIAL CLASS. VOTES IN THE COMMERCIAL CLASS ARE ALLOCATED BY SQUARE FOOTAGE. EACH 250 SQUARE FEET OF COMMERCIAL SPACE IS ALLOCATED 1 VOTE. ONLY COMMERCIAL SPACE THAT HAS BEEN CONSTRUCTED AND IS OCCUPIED IS ALLOWED TO VOTE. VACANT COMMERCIAL SPACE IS NOT ALLOCATED A VOTE. IF A COMMERCIAL SPACE IS OCCUPIED BY A LESSEE, THE LESSEE IS ALLOCATED THE VOTE RATHER THAN THE OWNER OF THE COMMERCIAL SPACE. 3 CLASS D DIRECTORS ARE APPOINTED BY TSG SKI & GOLF, LLC |
| FORM 990, PART VI, SECTION B, LINE 11 | A REVIEW OF THE 990 IS PERFORMED BY THE FINANCE AUDIT AND BUDGET COMMITTEE AND IS THEN SENT TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL BEFORE SIGNING/FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S ATTORNEY MONITORS THE TRANSACTIONS BEING DISCUSSED AT BOARD MEETINGS. QUESTIONNAIRES ARE DISTRIBUTED TO BOARD MEMBERS TO ASSIST IN THE DETERMINATION OF THE EXISTENCE OF POSSIBLE CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE. |
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