Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| PART VI, SECTION A. - QUESTION 6 | THE STANWICH CLUB, INCORPORATED (THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. |
| PART VI, SECTION A. - QUESTION 7A | AT EACH ANNUAL MEETING THE MEMBERS ELECT DIRECTORS AND THE NOMINATING COMMITTEE FOR THE NEXT YEAR. |
| PART VI, SECTION A. - QUESTION 7B | MEMBERS MUST APPROVE DECISIONS TO PLEDGE, MORTGAGE, OR OTHERWISE EMCUMBER THE CLUB'S PROPERTY AS SECURITY FOR REPAYMENT OF ANY LOAN OR DEBT. MEMBERS MUST ALSO APPROVE ANY COMMITMENT OF OVER $250,000 OUTSIDE THE OPERATING OR CAPITAL BUDGETS. NOTICE OF THE ANNUAL MEETING OR ANY SPECIAL MEETINGS SHALL BE MAILED NOT LESS THAN 10 NOR MORE THAN 50 DAYS BEFORE SUCH MEETING. |
| PART VI, SECTION B. - QUESTION 11B | THE FORM 990 IS REVIEWED BY THE TREASURER AND THE EXECUTIVE COMMITTEE IS ADVISED THAT A COPY IS AVAILABLE FOR THEIR REVIEW PRIOR TO FILING. |
| PART VI, SECTION B. - QUESTION 12C | ANNUALLY, OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST STATEMENTS WHICH ARE READ BY A MEMBER OF THE EXECUTIVE COMMITTEE FOR CONFLICTS, AND CORRECTIVE ACTIONS ARE TAKEN IF NEEDED. |
| PART VI, SECTION B.- QUESTIONS 15A & 15B | THE PROCESS FOR DETERMINING THE COMPENSATION OF THE GENERAL MANAGER OF THE CLUB INCLUDES THE REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD, COMPRISED OF INDEPENDENT PERSONS, OF THE CONTRACT TERMS FOR THE GENERAL MANAGER INCLUDING HIS COMPENSATION. THE PRESIDENT OF THE BOARD OF DIRECTORS OR HIS DESIGNEE NEGOTIATES THE CONTRACT, USING AVAILABLE INFORMATION AS TO SALARIES OF CLUB MANAGERS IN THE GEOGRAPHIC REGION AND COST OF LIVING INCREASES IN THE REGION. THE RESULTS OF THE NEGOTIATION ARE DOCUMENTED IN THE CONTRACT WITH THE GENERAL MANAGER. THE PROCESS FOR DETERMINING THE COMPENSATION FOR OTHER KEY EMPLOYEES OF THE CLUB INCLUDES THE REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD, COMPRISED OF INDEPENDENT PERSONS, OF THE CONTRACT TERMS FOR THE KEY EMPLOYEE INCLUDING HIS COMPENSATION. THE PRESIDENT OF THE BOARD OF DIRECTORS OR HIS DESIGNEE NEGOTIATES THE CONTRACT, USING AVAILABLE INFORMATION AS TO COMPENSATION OF EMPLOYEES WITH SIMILAR POSITIONS IN THE GEOGRPAHIC REGION AND COST OF LIVING INCREASES IN THE REGION. THE RESULTS OF THE NEGOTIATION ARE DOCUMENTED IN THE CONTRACT WITH THE KEY EMPLOYEE. |
| PART VI, SECTION C. - QUESTION 19 | THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. |
| PART XI - LINE 9 | ADJUSTMENT FOR INTEREST RATE SWAP : 75,961. |
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