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 OWNED BY MEMBERS HOLDING EQUITY SHARES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH EQUITY SHARE IS COUNTED AS ONE VOTE WHEN ELECTING DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH EQUITY SHARE IS COUNTED AS ONE VOTE WHEN APPROVING CAPITAL EXPENDITURES, DEBT, DUES INCREASES AND OTHER BUSINESS COMPLIANT WITH THE CLUB'S BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CLUB ACCOUNTANT ELECTRONICALLY MAILS THE RETURN TO THE BOARD OF DIRECTORS BEFORE FILING. THE DIRECTORS REVIEW THE ELECTRONIC COPIES OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS PERFORMS AN ANNUAL EVALUATION OF THE GENERAL MANAGER AND APPROVES THE ANNUAL SALARY AS EVIDENCED BY AN EMPLOYMENT AGREEMENT SIGNED BY THE PRESIDENT AND GENERAL MANAGER. THE PRESIDENT, PAST PRESIDENT AND PRESIDENT ELECT DETERMINE THE COMPENSATION AFTER CONSIDERING PAST COMPENSATION, EVALUATION RESULTS, AVAILABLE FUNDS AND COMPARABILITY DATA BASED ON SURVEYS OF OTHER CLUBS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ALL THE REQUIRED DOCUMENTS AVAILABLE UPON REQUEST. |
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