Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Unrelated business income explanation Part V line 3b | Form 990-T was not filed as there was no unrelated business gross income. |
| Members or stockholder classes and rights Part VI line 6 | Members |
| Member election for additional members Part VI line 7a | Trustees are elected annually,from the membership,by the members of the organization at their annual meetings,usually(but not always)upon nomination/recommendation by a trustees nominating committee.The terms of officers are limitedto not more than 2 consecutive 1 year apiece terms,while trustees are eligible for re-election without term limitation at the end of their respective terms |
| Governing body decisions Part VI line 7b | Some decisions of the trustees and directors are subject to review/approval of the members of the organization at either the annual membership meeting and/or at regular meetings of the membership. |
| Form 990 governing body review Part VI line 11 | The annual form 990 is reviewed by the treasurer and any questions or concerns are discussed with the governing body before it is filed. |
| Governing documents etc available to public Part VI line 19 | The organization makes its governing documents and financial statements available to the public upon written request. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Gross sales of inventory is a related revenue as an accommodation through food and drink sales to members and group meetings held in the clubhouse.Investment income was from dividends on the securities held by the club. |
| General explanation attachment | Part IX,Statement of functional expenses-column (D)-Fundraising expenses is blank because there were no indirect expenses in connection with the fundraising events.All fundraising expenses are reported in schedule G,part II.On 12-30-2014 a new clubhouse building was purchased in the amount of $358,500.The funds required to purchase the new clubhouse building came from the sale of the old clubhouse building and proceeds from the sale of investments held by the organization.In 2015,2016 and 2017 the building purchased in December,2014,to be used as a new clubhouse, has been undergoing renovations which have totaled $457,552 through the end of December,2017.The building renovations were completed in 2017 and the building was occupied in 2017 as the new clubhouse of the organization. All renovations to the building purchased in 2014 and renovated in 2015 to 2017 were funded by the sale of investments held by the organization, |
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