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 B, LINE 11B | THE RETURN IS REVIEWED BY THE TREASURER AND WILL BE REPORTED UPON TO THE ENTIRE BOARD AT THE MAY MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | MANAGEMENT,ONLY RECEIVES SALARIED COMPENSATION. EACH MEMBER OF THE MANAGEMENT TEAM RECEIVES AN ANNUAL REVIEW IN JANUARY WHICH IS COMPRISED OF THE FLAG OFFICERS, TREASURER AND HOUSE CHAIR, A WRITTEN EVALUATION IS DISCUSSED, GOALS FOR THE PREVIOUS YEAR ARE REVIEWED AND GOALS FOR THE UPCOMING YEAR ARE SET. ANNUAL COMPENSATION AND PERFORMANCE BONUS IS SET AT THIS TIME AS WELL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE MINUTES OF ALL BOARD OF GOVERNOR'S MEETINGS ARE KEPT IN A BOOK ACCESSIBLE TO ALL MEMBERS OF THE CLUB. FINANCIAL DATA FOR EACH MONTH IS AVAILABLE TO ALL MEMBERS. TWICE A YEAR THERE IS A MEETING HELD WITH GENERAL MEMBERSHIP TO REVIEW THE PREVIOUS YEAR'S FINANCIAL STATEMENTS (SPRING MEETING) AND NINE MONTH CURRENT YEAR RESULTS (FALL MEETING). |
| FORM 990, PART IX, LINE 24E | EQUIP/GROUND MAINTENANCE 29,230. POOL EXPENSE 23,587. REPAIRS AND MAINTENANCE BOATS 19,693. JUNIOR ACTIVITIES 13,579. BUZ SOFTWARE EXPENSE 9,587. WASTE REMOVAL 8,106. CLEANING/MAINTENENCE EXPENSE 7,433. LAUNCH EXPENSE 7,238. SOCIAL EVENTS 6,859. MOORING FEE EXPENSE 6,689. MARINA EXPENSE 5,878. RACE COMMITTEE 5,870. POSTAGE & SHIPPING 5,234. TELEPHONE 5,146. SUPPLIES 5,071. BANK/FINANCE CHARGES 4,890. UNIFORM EXPENSE 4,700. LICENSE/PERMITS 4,058. FUEL MAINTENANCE 3,933. ELECTRICAL/PLUMBING 3,409. PRINTING & PUBLICATIONS 2,408. TRUCK EXPENSE 1,998. TROPHY EXPENSE 1,801. TOOLS/HARDWARE 1,404. CABLE TV/ WEB SITE 1,355. MISCELLANEOUS 1,236. STATE TAX 840. CRUISE EXPENSE 177. |
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