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 | MEMBERS WHO HAVE BEEN ACCEPTED AND APPROVED THROUGH OUR MEMBERSHIP PROCESS, PAID THE INITIATION FEE FOR FULL MEMBERSHIP, AND ARE IN GOOD STANDING, WILL RECEIVE A STOCK CERTIFICATE. UPON THE DEATH OR RESIGNATION OF A STOCKHOLDER AS A MEMBER OF THE CLUB, OR THE TERMINATION OF A STOCKHOLDER'S MEMBERSHIP, THE CLUB HAS THE OPTION TO PURCHASE THE STOCK FOR ITS PAR VALUE OF $100. |
| FORM 990, PART VI, SECTION A, LINE 7A | STOCKHOLDERS IN GOOD STANDING WILL BE ELIGIBLE TO SERVE ON THE BOARD OF DIRECTORS. MEMBERS ARE NOMINATED THROUGH A NOMINATING COMMITTEE APPOINTED BY THE EXECUTIVE COMMITTEE AND ELECTED AT THE ANNUAL STOCKHOLDER'S MEETING IN OCTOBER WHERE 33 1/3% OF THE STOCKHOLDERS ELIGIBLE TO VOTE IN PERSON OR BY PROXY, WHICH CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. |
| FORM 990, PART VI, SECTION A, LINE 7B | SPECIAL ASSESSMENTS FOR MAJOR CAPITAL IMPROVEMENTS OR REFINANCING OF EXISTING INDEBTEDNESS PREVIOUSLY INCURRED FOR MAJOR CAPITAL IMPROVEMENTS MAY BE ENACTED BY THE BOARD OF DIRECTORS PROVIDED NO SUCH SPECIAL ASSESSMENT IS FINAL OR BINDING UNTIL THE IMPROVEMENT HAS BEEN AUTHORIZED AT A MEMBER STOCKHOLDER'S MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE RETURN IS GENERALLY REVIEWED BY THE CONTROLLER AND GENERAL MANAGER. THE GENERAL MANAGER IS THE SIGNER OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | CAPITAL IMPROVEMENT CHECK REQUESTS FOR MORE THAN $500 ARE REVIEWED BY THE BOARD EACH MONTH, AND THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE NEW DIRECTORS AND A COMPONENT OF THE BY-LAWS. |
| FORM 990, PART VI, SECTION B, LINE 15A | REVIEWS WERE CONDUCTED TO DETERMINE COMPENSATION FOR MANAGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | ISSUANCE OF MEMBERSHIP CERTIFICATES 1,000. TERMINATION OF MEMBERSHIP CERTIFICATES -5,400. |
| PART XII, LINE 2C | THERE HAVE BEEN NO CHANGES INTHE REVIEW PROCESS FROM PRIOR YEAR. |
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