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 6 | Classes of members include equity and non equity members. |
| Form 990, Part VI, Section A, line 7a | Members elect the Governing Body annually. |
| Form 990, Part VI, Section A, line 7b | Members must approve debt above stated limit, assessments, sale of club and dissolution. |
| Form 990, Part VI, Section B, line 11 | Form 990 is reveiwed by the finance committee and the board prior to filing. |
| Form 990, Part VI, Section B, line 12c | Board members are required to review and sign conflict of interest policy at the beginning of each board team; key employees are informed of conflict of interest policy and copy is kept in S.O.P. Manual. |
| Form 990, Part VI, Section B, line 15a | Club General Manager is given an annual review. |
| Form 990, Part VI, Section C, line 19 | By-laws given to members upon joining, all other docs available at annual meeting and/or member review upon request. |
| Form 990, Part XI, line 9: | Special Assesment - Capital Contributions 463,500. Section 481(a) Adjustment 73,679. |
| Form 990, Part XII, Line 1: | Mercerwood Shore Club underwent a review which was prepared on an accrual basis. As a result MSC changed it method of accounting from Cash to Accrual. The entire Section 481(a) adjustment is recorded in "Other changes in net assets or fund balances" in Part XI of Form 990. Furthermore, the Section 481(a) adjustment had no effect on Form 990-T. Since there was no change to taxable income MSC did not file a Form 3115. |
| Form 990, Part XII, Line 2c: | Mercerwood Shore Club established a committee to coordinate the review process. |
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