Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. THOSE MEMBERS WITH VOTING RIGHTS ELECT THE MEMBERS OF THE GOVERNING BODY AND MUST APPROVE CHANGES TO THE ORGANIZATION'S CONSTITUTION. THE BOARD CAN MAKE CHANGES TO RULES, AS LONG AS IT DOES NOT CHANGE THE CONSTITUTION. MEMBERS MAY RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR NET ASSETS UPON DISSOLUTION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S VOTING MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY, THE BOARD OF GOVERNORS, AT THE ANNUAL MEETING OR AT A SPECIAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS OF THE BOARD OF GOVERNORS HAVING SIGNIFICANT IMPACT ON THE CLUB (SUCH AS CHANGING THE CONSTITUTION) REQUIRE APPROVAL BY THE VOTING MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION HAS MANY COMMITTEES CHARGED, AS THE BOARD OF GOVERNORS SEE FIT, WITH VARIOUS ASPECTS OF THE CLUB'S OPERATIONS. SOME OF THE MEETINGS OF THESE COMMITTEES MAYBE INFORMAL AND DO NOT ALWAYS RESULT IN DOCUMENTATION OF THE MEETING RESULTS WITH FORMAL WRITTEN MINUTES. HOWEVER, THE BOARD OF GOVERNORS MUST APPROVE ALL COMMITTEE MEETINGS AND ANY ACTION TAKEN AS A RESULT OF THESE MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CLUB'S FORM 990 WAS REVIEWED BY THE CLUB CONTROLLER AND TREASURER PRIOR TO IT BEING FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12 | THERE IS NO WRITTEN CONFLICT OF INTEREST POLICY, HOWEVER, ANY CONFLICTS OF INTEREST WOULD BE DISCUSSED AND DECIDED UPON BY THE BOARD MEMBERS AT THEIR MONTHLY MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CLUB MAINTAINS AN INFORMAL REVIEW PROCESS FOR ITS TOP MANAGEMENT OFFICIALS. KEY EMPLOYEES ARE EVALUATED PERIODICALLY BY THE MEMBER OF THE BOARD OF GOVERNORS WHO IS RESPONSILE FOR OVERSEEING THAT PARTICULAR DEPARTMENT. THE RESULTS OF THIS REVIEW, AS WELL AS ANY CHANGES TO COMPESNATION, REQUIRE APPROVAL OF THE PRESIDENT, TREASURER, AND BOARD MEMBER THAT OVERSEES THE DEPARTMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAY MAKE IT'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AND APPROVAL BY THE BOARD OF GOVERNORS. |
| FORM 990, PART IX, LINE 11G | LEGAL AND PROFESSIONAL FEES 89,408. |
| FORM 990, PART XI, LINE 9: | DISCHARGE OF INDEBTEDNESS DUE TO BANKRUPTCY FILING 1,444,326. |
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