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 | THE ORGANIZATION IS A MEMBER-ONLY GOLF COURSE AND RESTAURANT. EACH MEMBER IS REQUIRED TO PURCHASE AND HOLD A REDEEMABLE CONSTRUCTION BOND UNTIL RESIGNATION FROM MEMBERSHIP, AT WHICH TIME THE BOND IS REDEEMED AT FACE VALUE. |
| FORM 990, PART VI, SECTION A, LINE 7A | ACTIVE MEMBERS OF THE ORGANIZATION ELECT ANNUALLY MEMBERS TO THE GOVERNING BOARD. THIS BOARD OVERSEES ALL OPERATIONS AND APPROVES EXPENDITURES. MAJOR CAPITAL IMPROVEMENTS AND FINANCING THEREOF ARE APPROVED AT REGULAR MEETINGS WHICH ARE OPEN TO ALL MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | CAPITAL IMPROVEMENTS AND FINANCING, AND OTHER MAJOR DECISIONS, REQUIRE APPROVAL OF MEMBERS |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT IS PROVIDED A COPY OF THE COMPLETED FORM 990 TAX RETURN TO REVIEW, SIGN AND FILE AND THEN PROVIDE TO THE GOVERNING BOARD FOR OVERSIGHT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE GOVERNING BOARD REVIEWS COMPARABLE COMPENSATION DATA WHEN DETERMINING COMPENSATION PACKAGE FOR TOP MANAGEMENT AND KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. |
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