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 CLUB IS A PRIVATE MEMBERS-ONLY CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE FOLLOWING MEMBERSHIP CATEGORIES HAVE VOTING PRIVILEGES: GOLF EQUITY AND SOCIAL EQUITY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO MEMBERSHIP APPROVAL: 1- ELECTION OF BOARD OF GOVERNORS 2- BY-LAWS CHANGES 3- MATTERS SPECIFICALLY IDENTIFIED AS A VOTING MATTER IN THE MEETING NOTICE |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER. THE TREASURER REVIEWS FORM 990 IN ITS ENTIRETY WITH ITS OUTSIDE CPA PREPARERS PRIOR TO FILING OF THE FORM. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY IS SIGNED BY BOARD MEMBERS, GENERAL MANAGER, HEAD OF DEPARTMENTS, MERCHANDISING MANAGER, AND OTHER KEY EMPLOYEES. THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE OR UPDATE ANNUALLY THEIR INTEREST THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE CLUB REGULARLY MONITORS & ENFORCES COMPLIANCE WITH THE POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | PRIOR TO THE ANNUAL BOARD MEETING, THE BOARD DETERMINES THE GENERAL MANAGER'S YEAR END BONUS AND/OR SALARY INCREASE. THE BOARD USES THE BEAKMAN COMPENSATION REPORT AND THE RSM TRENDS REPORT AS COMPARABLES FOR THE GENERAL MANAGER'S SALARY. THE BOARD ALSO APPROVES AN OVERALL PERCENTAGE OF INCREASE FOR THE REST OF CLUB'S EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AND THROUGH INSPECTION AT THE CLUB. |
| FORM 990, PART XI, LINE 9: | SALES OF MEMBERSHIP CERTIFICATES 3,729,726. REFUNDED MEMBERSHIPS AND EQUITY ASSESSMENTS -1,395,955. CAPITAL FUND CONTRIBUTIONS 972,769. CRYSTAL LAKE CENTER IMPROVEMENT LOAN ASSESSMENTS 80,074. GOLF COURSE GREENS RENOVATION LOAN ASSESSMENTS 1,097,600. |
| FORM 990, PART XII, LINE 2C: | NO CHANGE FROM PRIOR YEAR. |
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