TIN:
SCHEDULE O
(Form 990)
Department of the Treasury
Internal Revenue Service
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Inspection
Name of the organization
BRIARWOOD COUNTRY CLUB INC
Employer identification number
86-0507921
86-0507921
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED THEIR BYLAWS AS OF MARCH 2022. THE FOLLOWING ARE THE UPDATES: - THE AGE RESTRICTION FOR MEMBERSHIP WAS LOWERED FROM 30 TO 26. DEPENDENTS UP TO THE AGE OF 26 IN A MEMBER'S HOUSEHOLD ARE ELIGIBLE TO USE THE CLUB, AND THIS REMOVES ANY POTENTIAL GAP IN MEMBERSHIP FOR THOSE AGE 26 AND OLDER WISHING TO JOIN THE CLUB. - NON-RESIDENT MEMBERS CANNOT DOWNGRADE FROM EQUITY TO NON-RESIDENT STATUS MORE THAN ONCE IN THEIR LIFETIME. IF THEY RETURN TO EQUITY AND WANT TO DOWNGRADE AGAIN, THEY WILL NEED TO LEAVE THE CLUB FOR A PERIOD OF ONE YEAR AND JOIN AGAIN WITH PAYMENT OF NEW JOIN FEE. - THE DATE AND TIME FOR A BALLOT TO BE RECEIVED MUST BE INDICATED IN THE BALLOT INSTRUCTIONS AND THAT AT LEAST 10 BUSINESS DAYS, RATHER THAN 3 DAYS, BE REQUIRED FOR THE RETURN OF THE BALLOT FROM THE TIME OF DELIVERY OF THE BALLOT (ALLOWS FOR US MAIL TURNAROUND TIME). - ARTICLE VII, SECTION 2 CORRECTS ERRATA VERBIAGE ABOUT WHO CAN APPOINT AND WHO CAN ELECT MEMBERS TO THE BOARD. - ARTICLE VII, SECTION 4 CLARIFIES THAT A MAJORITY OF EQUITY MEMBERS MUST APPROVE EXPENDITURES OVER BOARD'S LIMITS OF AUTHORITY, NOT JUST A MAJORITY OF EQUITY MEMBERS VOTING ON A MATTER. - ARTICLE VII, SECTION 4 - NOTE: THE DECEMBER 11, 2021 VERSION SET THE LIMIT OF THE BOARD'S AUTHORITY TO LEVY AN ASSESSMENT AT $1,000. WHILE NO FURTHER CHANGE IS SUGGESTED, IT IS MENTIONED HERE AS SOME MEMBERS HAVE SUBSEQUENTLY ASKED ABOUT THIS. FOR HISTORY, THE LIMIT WAS $250 IN 1999; IN 2004 IT WAS DOUBLED TO $500. EIGHTEEN YEARS LATER IT IS NOW RECOMMENDED TO BE $1,000, WHICH WAS NOT CONSIDERED TO BE UNREASONABLE BY THE BOARD OF DIRECTORS. CONTRARY TO THIS, OUR CONTRACT ATTORNEY SUGGESTED IT SHOULD BE HIGHER, E.G., $2,500. THE AUTHORITY TO MAKE CAPITAL IMPROVEMENTS WAS ALSO INCREASED FROM $150,000 TO $250,000, WHICH IS MORE REALISTIC IN TERMS OF COST OF REPLACEMENT OF FIXED EQUIPMENT OR ASSETS. - LANGUAGE HAS BEEN ADDED TO CLARIFY THAT EMAIL VOTING WITHIN THE VARIOUS LEVELS OF THE CLUB IS ALLOWED FOR AS LONG AS RECORDS ARE MAINTAINED OR CERTIFIED. - ARTICLE IX, SECTION 7 ELIMINATES POWERS OF THE EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE BOARD OF DIRECTORS WITHOUT FULL BOARD APPROVAL. - ARTICLE X, SECTION 2 MOVES THE COMPENSATION COMMITTEE FROM THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE (PRIOR ARTICLE IX, SECTION 7) TO THAT OF A STANDING COMMITTEE. (NOTE IN PRIOR DRAFTS THIS WAS AT ONE TIME REFLECTED AS BEING A DUTY OF THE PRESIDENT [ARTICLE IX, SECTON 2].) ALLOWS FOR THE THIRD PERSON ON THE COMMITTEE, IN ADDITION TO THE PRESIDENT AND THE TREASURER, TO COME FROM THE MEMBERSHIP AT LARGE. - ARTICLE XI, TITLE - THE WORD RESIGNATION WAS ADDED TO THE TITLE TO CLARIFY THAT THE ARTICLE CONCERNS BOTH TRANSFERS AND RESIGNATIONS. - ARTICLE XI, SECTION 2 - EQUITY MEMBER IS AN EQUITY MEMBER UNTIL SUCH TIME AS THEY ARE NO LONGER A DUES PAYING MEMBER OF THE CLUB, OR THEY PROPERLY DOWNGRADE TO A NON-EQUITY MEMBERSHIP. DURING A PERIOD OF PROPERLY EXECUTED RESIGNATION, SUCH RESIGNING MEMBERS ARE LIABLE FOR PAYMENT OF ALL FINANCIAL OBLIGATIONS AS AN EQUITY MEMBER. THEY ARE STILL ENTITLED TO VOTE AND THEY ARE ENTITLED TO ANY BENEFIT WHICH AN EQUITY MEMBER MAY GAIN SUCH AS THROUGH DISSOLUTION UNTIL THE DAY IN WHICH THEY ARE NO LONGER A DUES PAYING EQUITY MEMBER OF THE CLUB. - THE PERCENTAGE OF OBLIGATION FOR EACH MEMBERSHIP TYPE IN THE EVENT OF A PROPERLY LEVIED SPECIAL ASSESSMENT IS SET FORTH IN THIS SECTION. - ARTICLE XIV, SECTION 7 ELIMINATES THE PRESIDENT'S ABILITY TO SUSPEND A MEMBER AND PROVIDES THAT THE GENERAL MANAGER'S RIGHT TO DO SO IS LIMITED TO A TEMPORARY SUSPENSION, APPEALABLE TO THE BOARD OF DIRECTORS, AND ONLY IN AN EGREGIOUS SITUATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | EQUITY MEMBERS SHALL HAVE USE PRIVILEGES FOR ALL CLUB FACILITIES AND SHALL BE ENTITLED TO VOTE AND SERVE ON THE BOARD. EQUITY MEMBERS IN GOOD STANDING ARE ENTITLED TO ONE (1) VOTE PER MEMBERSHIP. IN THE CASE OF A COUPLE, ONE PERSON SHALL BE IDENTIFIED AS THE VOTING MEMBER AND THE OTHER PERSON AS THE SPOUSE OR SIGNIFICANT OTHER WHICH SHALL BE VERIFIED ANNUALLY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE EQUITY MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD SHALL NOT, WITHOUT AN AFFIRMATIVE VOTE OF THE MAJORITY OF THE EQUITY MEMBERS: (A) MAKE A CAPITAL IMPROVEMENT, FACILITY ALTERATION OR PROPERTY ACQUISITION (AS A SINGLE PROJECT OR A SERIES OF RELATED PROJECTS) IN EXCESS OF TWO-HUNDRED AND FIFTY-THOUSAND DOLLARS ($250,000) UNLESS A SITUATION INVOLVES EMERGENCY REPLACEMENT OF FIXED EQUIPMENT OR ASSET. (B) BORROW MONEY OR OTHERWISE INCUR INDEBTEDNESS EXCEEDING TWO-HUNDRED AND FIFTY-THOUSAND DOLLARS ($250,000) OUTSTANDING AT ANY GIVEN TIME OVER AND ABOVE ANY BORROWING OTHERWISE APPROVED BY THE MEMBERS. (C) LEVY ANY SPECIAL ASSESSMENTS, WHICH WILL COST EACH MEMBER MORE THAN ONE THOUSAND DOLLARS ($1,000) PER YEAR. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | A WRITTEN OR ELECTRONIC COPY OF THE ORGANIZATIONS FORM 990 AND 990T, INCLUDING ALL SCHEDULES AS ULTIMATELY FILED WITH THE IRS, IS AVAILABLE TO EACH VOTING MEMBER OF THE GOVERNING BODY PRIOR TO ITS FILING WITH THE IRS. THE 990 AND 990T WAS REVIEWED BY THE GENERAL MANAGER PRIOR TO THE RETURN BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST QUESTIONNAIRE FORM ANNUALLY. IF AN ISSUE TO BE DECIDED BY A BOARD MEMBER INVOLVES A POTENTIAL CONFLICT OF INTEREST, IT IS THE RESPONSIBILITY OF THE BOARD MEMBER TO: 1) IDENTIFY THE POTENTIAL CONFLICT OF INTEREST, 2) NOT PARTICIPATE IN MAKING MOTIONS REGARDING THE ISSUE, 3) NOT VOTE ON THE ISSUE. THE POTENTIAL CONFLICT OF INTEREST WILL BE RECORDED INTO THE MINUTES OF THE BOARD MEETING ALONG WITH THE USE AND PROCEDURES OF THIS POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD IS RESPONSIBLE FOR HIRING AND PROVIDING ADMINISTRATIVE GUIDANCE AND DIRECTION TO THE CLUB'S GENERAL MANAGER WHO IS ACCOUNTABLE FOR MANAGING THE DAY-TO-DAY OPERATION OF THE CLUB. A REVIEW AND CONTRACT IS UPDATED ANNUALLY. THE BOARD REVIEWS AND APPROVES COMPENSATION LEVELS FOR ALL KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST, THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ANY GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS. |
| FORM 990, PART XII, LINE 2C: | THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT OR THE SELECTION PROCESS FROM THE PRIOR YEAR. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021
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