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/STOCKHOLDERS: THE MEMBERS OF THE CLUB SHALL INCLUDE ALL PERSONS WHO HAVE BEEN ELECTED TO AND HAVE ACCEPTED MEMBERSHIP IN THE CLUB, AND SHALL SPECIFICALLY ALSO INCLUDE HUSBAND OR WIFE, AS THE CASE MAY BE, OF EVERY MEMBER. THERE ARE 4 CLASSES OF MEMBERS: 1) REGULAR - ALL MEMBERS OTHER THAN NONRESIDENT, TEMPORARY OR HONORARY. 2) NONRESIDENT - A PERSON WHOSE LEGAL RESIDENCE IS NOT IN MARION COUNTY OR A SURROUNDING COUNTY, WHOSE PRESENCE IS IN THE COUNTY FOR 45 DAYS OR LESS. 3) TEMPORARY - MEMBERS OF THE ARMED FORCES OF THE US ON ACTIVE DUTY IN TIME OF DECLARED WAR AND HAVING LEGAL RESIDENCE OUTSIDE OF MARION COUNTY, BUT TEMPORARILY RESIDING IN MARION COUNTY. 4) HONORARY - ANY PERSON, WHOSE EXCEPTIONAL CONTRIBUTION TO THE WELFARE OF THE CLUB IS SUCH THAT IN THE JUDGMENT OF THE BOARD OF DIRECTORS HE OR SHE IS ENTITLED TO SPECIAL RECOGNITION THEREBY IMPLIED, UPON ELECTION BY THE BOARD OF DIRECTORS SHALL BECOME AN HONORARY MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS OF GOVERNING BODY SUBJECT TO MEMBER APPROVAL: REGULAR MEMBERS ARE PERMITTED ONE VOTE ON SELLING OR DISPOSING OF ANY PROPERTY OF THE CLUB EXCEEDING $10,000. ALL OTHER CLUB DECISIONS ARE MADE BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROCESS TO REVIEW FORM 990: THE CURRENT AND PAST BOARD PRESIDENT AND TREASURER, ALONG WITH THE GENERAL MANAGER DO A DETAILED REVIEW OF THE FORM 990. THE RETURN IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. |
| FORM 990, PART VI, SECTION B, LINES 15A & 15B | PROCESS FOR DETERMINING COMPENSATION: THE PRESIDENT OF THE BOARD DETERMINES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE BOARD APPROVES THE COMPENSATION AMOUNT AND A WRITTEN COMPENSATION CONTRACT IS SIGNED. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN JANUARY 2015. THE TOP MANAGEMENT OFFICIAL REVIEWS KEY EMPLOYEES' COMPENSATION YEARLY ON ANNIVERSARY DATE. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS: WOODSTOCK CLUB MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | OTHER CHANGES IN NET ASSETS OR FUND BALANCES: $ (18,340) CHANGE IN FAIR VALUE OF INTEREST RATE SWAP |
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