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 | ALL MEMBERS HAVE A VOTING RIGHT IN THE ORGANIZATION. THERE IS ONLY ONE CLASS OF STOCK. |
| Form 990, Part VI, Section A, line 7a | MEMBERS ELECT A BOARD OF DIRECTORS. THE 9 MEMBER BOARD CONSISTS OF MEMBERS ELECTED FOR 3 YEAR TERMS WITH 3 MEMBERS ELECTED ANNUALLY. |
| Form 990, Part VI, Section A, line 7b | THE BOARD WILL MAKE REGULAR AND ROUTINE DECISIONS FOR THE CLUB. ISSUES ABOUT INDEBTEDNESS AND LARGE CAPITAL EXPENDITURE ITEMS ARE REFERRED TO THE MEMBERSHIP AS A WHOLE. |
| Form 990, Part VI, Section B, line 11b | THE BOARD WILL REVIEW THE 990 BEFORE SUBMITTING IT TO THE IRS. |
| Form 990 Part VI Line 12 | ALL MEMBERS HAVE A VOTING RIGHT IN THE ORGANIZATION. THERE IS ONLY ONE CLASS OF STOCK |
| Form 990, Part VI, Section C, line 19 | THE BOARD WILL REVIEW THE RETURN AND THEN MAKE THE RETURN AVAILABLE AT THE CLUB FOR REVIEW BY THE PUBLIC. |
| FORM 990 PART XI LINE 9 | ALBANY TENNIS CLUB TOOK OUT A SBA LOAN THIS YEAR FOR $102,500 AND PAID OFF EXISTING LOANS FOR LIGHTING AND THEIR BUILDING. THIS INCREASED THE AMOUNT OF LIABILITIES FOR THE CURRENT YEAR AND DECREASED THE AMOUNT OF NET ASSETS. NET ADJUSTMENT TO THE BALANCE SHEET IS -23,285. |
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