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 | Rainbow Fleet has 40 members. |
| Form 990, Part VI, Section A, Line 7a | Each member has one vote for the Secretary and Treasurer. Director voting is divided into five areas. The eight members in each area have one vote each for their director. The President is elected by the five area directors. |
| Form 990, Part VI, Section A, Line 7b | Any decision by the Board of Directors may be overridden by the membership |
| Form 990, Part VI, Section B, Line 11b | A copy of Form 990 has been provided to all Board Members before filing. |
| Form 990, Part VI, Section C, Line 19 | All members receive a copy of the organization's Articles of Incorporation and By-laws when joining the organization. All governing documents and financial information is available for member's review. |
| Form 990, Part XI, Line 9 | Paid-In Capital of $238,602 arises from assessments to members for construction and maintenance of a city water system for members and from assessments for construction of a bridge on the lake. During the year, $7,869 was added to Paid-In Capital representing principal pay down on a bank loan incurred for the construction of the water system. Also, $3,000 was added to Paid-In Capital for member assessments incurred for the construction of a bridge on the lake. |
| Software ID: | 22015720 |
| Software Version: | v1.00 |