Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 4 | DURING 2014, THE CLUB AMENDED ITS CONSTITUTION TO PROVIDE FOR, AMOUNG OTHER THINGS, THE CREATION OF BOTH AN AUDIT COMMITTEE AND A FINANCE COMMITTEE. OTHER AMENDMENTS INCLUDED CHANGES TO THE USE OF THE CLUB'S FACILITIES, CHANGES TO THE NOMINATION PROCESS FOR NEW MEMBERS, AND OTHER CHANGES - NONE OF WHICH WERE CONSIDERED SIGNIFICANT FOR PURPOSES OF DISCLOSURE UNDER FORM 990. |
| FORM 990, PART VI, SECTION A, LINE 6 | AT DECEMBER 31, 2014, THE CLUB'S MEMBERSHIP BASE APPROXIMATED 560 MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CLUB'S GOVERNANCE AND POLICIES ARE DIRECTED BY A 19 MEMBER BOARD OF TRUSTEES (INCLUDING OFFICERS), ALL OF WHICH ARE ELECTED BY THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BOARD ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CLUB. THESE DECISIONS INCLUDE LONG-TERM BORROWINGS AND CERTAIN CAPITAL EXPENDITURES. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PREPARER / CPA REVIEWS A DRAFT OF FORM 990 WITH THE CLUB'S TREASURER AND FINANCE COMMITTEE. COPIES ARE ALSO DISTRIBUTED TO THE CLUB'S ENTIRE BOARD FOR REVIEW AND COMMENT, BOTH PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CLUB'S TRUSTEES REGULARLY COMPLETE CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND, TO THE EXTENT CONFLICTS ARE IDENTIFIED, THEY ARE REPORTED TO THE BOARD. TRUSTEES ARE PROHIBITED FROM VOTING ON MATTERS IN WHICH THEY HAVE A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CLUB'S OFFICERS, COMPRISED OF INDEPENDENT PERSONS, DETERMINE THE COMPENSATION OF THE GENERAL MANAGER (THE CLUB'S HIGHEST COMPENSATED EMPLOYEE) THROUGH AN EVALUATION PROCESS WHICH INCLUDES A REVIEW OF COMPARABILITY DATA AND OTHER INFORMATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CLUB'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| FORM 990, PART XII, LINE 2C: | FORM 990, PART XI, LINE 2C: THE CLUB'S TREASURER AND ITS AUDIT COMMITTEE ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT PROCESS. FORM 990, SCHEDULE L,PART II (LOANS) AND PARTS IV AND V (BUSINESS TRANSACTIONS): CERTAIN OF THE CLUB'S MEMBERS, INCLUDING THREE OF ITS TRUSTEES, HAVE PURCHASED BONDS ISSUED BY THE CLUB. THIS SERIES OF BONDS, IN THE TOTAL AMOUNT OF $587,000 AT DECEMBER 31, 2014, WERE AVAILABLE FOR PURCHASE BY ALL MEMBERS, ARE DOCUMENTED BY A NOTE, PAY INTEREST AT 4% ANNUALLY, AND WERE APPROVED BY THE TRUSTEES. THE AMOUNT OF BONDS OUTSTANDING WHICH WERE OWNED BY THE THREE CURRENT TRUSTEES WERE $15,000 AT DECEMBER 31, 2014. THE PROCEEDS FROM THE CLUB'S SALE OF BONDS WERE UTILIZED TO FUND, IN PART, IMPROVEMENTS TO THE CLUB'S FACILITIES. |
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