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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Inspection
Name of the organization
PALMETTO DUNES PROPERTY OWNERS
ASSOCIATION INC
ASSOCIATION INC
Employer identification number
57-0656625
57-0656625
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CORPORATION IS A HOMEOWNER'S ASSOCIATION CONSISTING OF 2,173 RESIDENTAL LOTS AND 12 COMMERCIAL PROPERTIES. OWNERS ARE AUTOMATICALLY GRANTED MEMBERSHIP IN THE ASSOCIATION UPON PURCHASE OF THEIR LOT |
| FORM 990, PART VI, SECTION A, LINE 7A | THREE BOARD OF DIRECTORS ARE ROTATED OFF THE BOARD EACH YEAR. THE NOMINATING COMMITEE INTERVIEWS POSSIBLE BOARD OF DIRECTORS CANDIDATES AND RECOMMENDS 3 OF THE CANDIDATES TO THE BOARD. MEMBERS OF THE ASSOCIATION ARE WELCOME TO PETITION FOR NOMINATION TO THE BOARD OF DIRECTORS. IF THERE ARE MORE CANDIDATES THAN OPEN SEATS ON THE BOARD, A VOTE IS HELD AT THE ANNUAL MEETING IN OCTOBER OF EACH YEAR BY PROXY OR BY BALLOT. |
| FORM 990, PART VI, SECTION A, LINE 7B | PROPERTY OWNERS HAVE THE EXCLUSIVE AUTHORITY TO AMEND AND/OR REPEAL BYLAWS, ELECT THE BOARD OF DIRECTORS, AND VARIOUS COMMITTEES, TO ACCEPT OR REJECT THE ANNUAL BUDGET, TO APPROVE SPECIAL ASSESSMENTS, AND TO APPROVE THE BORROWING OF MONEY AND CERTAIN OTHER PROPERTY TRANSACTIONS. |
| FORM 990, PART VI, SECTION A, LINE 8B | PALMETTO DUNES PROPERTY OWNERS ASSOCIATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. ALL DOCUMENTS OF THE MEETINGS AND WRITTEN ACTIONS ARE UNDERTAKEN BY THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | MANAGEMENT REVIEWS THE CONFLICT OF INTEREST POLICY ON A YEARLY BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD'S FINANCE COMMITEE REVIEWS COMPENSATION OF THE TOP MANAGEMENT OFFICIALS ANNUALLY. THE REVIEW IS BASED UPON THE OFFICIAL'S PARTICIPATION IN VARIOUS GATED COMMUNITY SURVEYS AND INPUT FROM THE FINANCE COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT REQUESTS FROM BANKS AND OUTSIDE ORGANIZATIONS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | OVERHEAD EXPENSES: PROGRAM SERVICE EXPENSES 101,584. MANAGEMENT AND GENERAL EXPENSES 25,396. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 126,980. LEASING: PROGRAM SERVICE EXPENSES 56,015. MANAGEMENT AND GENERAL EXPENSES 14,004. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,019. COMMUNITY EVENTS: PROGRAM SERVICE EXPENSES 40,161. MANAGEMENT AND GENERAL EXPENSES 10,040. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,201. SUPPLIES: PROGRAM SERVICE EXPENSES 39,650. MANAGEMENT AND GENERAL EXPENSES 9,912. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,562. FUEL AND OIL: PROGRAM SERVICE EXPENSES 19,474. MANAGEMENT AND GENERAL EXPENSES 4,868. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,342. UNIFORMS: PROGRAM SERVICE EXPENSES 12,967. MANAGEMENT AND GENERAL EXPENSES 3,242. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,209. NEWSLETTER: PROGRAM SERVICE EXPENSES 10,507. MANAGEMENT AND GENERAL EXPENSES 2,627. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,134. PD CLUB CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 10,249. MANAGEMENT AND GENERAL EXPENSES 2,562. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,811. PROPERTY TAX: PROGRAM SERVICE EXPENSES 9,983. MANAGEMENT AND GENERAL EXPENSES 2,496. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,479. JANITORIAL SERVICES: PROGRAM SERVICE EXPENSES 8,814. MANAGEMENT AND GENERAL EXPENSES 2,204. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,018. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 7,941. MANAGEMENT AND GENERAL EXPENSES 1,985. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,926. BANK AND CREDIT CARD CHARGES: PROGRAM SERVICE EXPENSES 6,832. MANAGEMENT AND GENERAL EXPENSES 1,708. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,540. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 5,942. MANAGEMENT AND GENERAL EXPENSES 1,486. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,428. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 5,929. MANAGEMENT AND GENERAL EXPENSES 1,482. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,411. SIGNAGE: PROGRAM SERVICE EXPENSES 5,612. MANAGEMENT AND GENERAL EXPENSES 1,403. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,015. MAILBOX REPLACEMENT: PROGRAM SERVICE EXPENSES 5,032. MANAGEMENT AND GENERAL EXPENSES 1,258. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,290. TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 1,817. MANAGEMENT AND GENERAL EXPENSES 454. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,271. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015
Additional Data
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