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 CLUB HAS TWO CLASSES OF MEMBERS: STOCKHOLDERS AND NON-STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | STOCK HOLDING MEMBERS ELECT ALL VACANCIES TO THE BOARD OF GOVERNORS INCLUDING THE OFFICERS AT THE ANNUAL STOCKHOLDERS' MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | PURCHASES OF CAPITAL IMPROVEMENTS EXCEEDING $200,000 AND DISPOSITION OF REAL ESTATE MUST BE APPROVED BY A MAJORITY OF SHAREHOLDERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE TREASURER REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS. FORM 990 IS NOT PROVIDED TO THE CLUB'S GOVERNING BODY PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF GOVERNORS HAS AN EXECUTIVE COMMITTEE WHICH HAS THE RESPONSIBILITY OF EVALUATING TOP MANAGEMENT AND KEY EMPLOYEES. COMPENSATION IS REVIEWED BY COMPARING LIKE ORGANIZATIONS' PERSONNEL AND RESPONSIBILITIES. ADDITIONAL DATA FROM CONSULTING FIRMS, NATIONAL CLUB ASOCIATION AND AFFILIATED GROUPS ARE UTILIZED TO ARRIVE AT COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT PUBLIC INFORMATION. |
| FORM 990, PART XI, LINE 9: | PURCHASE OF CAPITAL STOCK FOR TREASURY, NET -75. DEFERRAL OF INSTALLMENT SALE GAIN 577,272. |
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