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 | CARL SALVATO AND SALVATORE SALVATO ARE FATHER AND SON AND BOTH SERVE AS DIRECTORS FOR THE CLUB. OFFICERS AND DIRECTORS OF THE CLUB, FROM TIME TO TIME, WILL ENGAGE IN BUSINESS RELATIONSHIPS WITH EACH OTHER. THESE RELATIONSHIPS ARE CONSISTENT WITH THE CLUB'S PURPOSE AND ARE INDEPENDENT OF CLUB'S FINANCIAL ACTIVITY. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CLUB HAS REGULAR MEMBERS AND HONORARY MEMBERS. MEMBERS SHALL BE ELECTED BY THE BOARD OF DIRECTORS. AN AFFIRMATIVE VOTE OF TWO-THIRDS OF THE DIRECTORS SHALL BE REQUIRED FOR ELECTION. MEMBERS ARE REQUIRED TO PAY DUES AS DETERMINED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH REGULAR MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. HONORARY MEMBERS HAVE NO VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7B | REGULAR MEMBERS VOTE ON ANY MATTERS SUBMITTED TO THE MEMBERS BY THE BOARD OF DIRECTORS. THE BOARD HAS THE SOLE AND EXCLUSIVE POWER TO DO THE FOLLOWING (NOT SUBJECT TO THE APPROVAL OF MEMBERS): A) ALTER, AMEND OR REPEAL THE BY-LAWS OR ADOPT NEW BY-LAWS OF THE CLUB, B) ELECT MEMBERS OF THE BOARD OF DIRECTORS; AND C) EXPULSION OF A BOARD MEMBER FOR CAUSE, AFTER AN APPROPRIATE HEARING. |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT OF THE FORM 990 IS REVIEWED BY THE TREASURER AND LATER PRESENTED TO THE ENTIRE BOARD OF DIRECTORS AT A REGULAR BOARD MEETING. THE BOARD IS RESPONSIBLE FOR REVIEWING AND APPROVING THE DRAFT FORM. ONCE APPROVED, A FINAL FORM 990 IS PREPARED AND SUBMITTED. IF THE FORM 990, HAS NOT BEEN PREPARED IN TIME TO PERFORM THE ABOVE AND STILL TIMELY FILE, THE FORM IS REVIEWED BY THE TREASURER AND SUBMITTED TO THE PRESIDENT, WHO SIGNS THE FORM. THIS WAS THE PROCEDURE FOR THIS FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CLUB HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS TO DISCLOSE ANY FINANCIAL INTERESTS AND ANY POTENTIAL CONFLICTS OF INTEREST TO THE BOARD. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS BY DISCUSSION AND VOTE ON THE RESOLUTION OF THE MATTER. ALL DIRECTORS, MEMBERS, AND THE PRINCIPAL OFFICER REMAIN UNDER A CONTINUING OBLIGATION TO REPORT CONFLICTS AS THEY ARISE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CLUB MAKES ITS GOVERNING DOCUMENTS, INCLUDING FORM 1023, FORM 990, FORM 990-T, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR REVIEW AT THE CLUB BY APPOINTMENT. THE CLUB ONLY MAKES THE PREVIOUS THREE YEARS OF TAX RETURNS AND FINANCIAL STATEMENTS AVAILABLE FOR REVIEW. |
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