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 | OAKMONT COUNTRY CLUB IS INCORPORATED AS A MEMBERSHIP ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS WHO HAVE FULL AUTHORITY TO ELECT THE MEMBERS OF THE GOVERNING BODY ARE THE FULL, ACTIVE MEMBERS OF THE CLUB. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD SHALL NOT SELL, ACQUIRE BY PURCHASE, MORTGAGE OR OTHERWISE DISPOSE OF, OR ENCUMBER ANY REAL ESTATE, UNLESS AND UNTIL A RESOLUTION AUTHORIZING THE SAME SHALL HAVE BEEN ASPPROVED BY A MAJORITY OF THE ELIGIBLE VOTING MEMBERS OF THE CLUB AT A REGULAR OR SPEICAL MEETING DULY CONVENED UPON PROPER NOTICE OF THIS PURPOSE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD AUTHORIZED THE FINANCE COMMITTEE, PRIOR TO THE FILING OF THE FORM 990, TO REVIEW IN DETAIL THE FULL FORM 990 AND ALL ATTACHMENTS THERETO AND COMMUNICATE ITS FINDINGS TO THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD OF GOVERNORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DIRECTLY AFFIRM, IN WRITING, THEIR COMPLIANCE WITH THE CLUB'S CONFLICT OF INTEREST POLICY. THE CONTROLLER OF THE CLUB HOLDS AND MAINTAINS THESE WRITTEN AFFIRMATIONS ON BEHALF OF THE SECRETARY OF THE CLUB. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE ORGANIZATION'S GENERAL MANAGER AND GROUNDS SUPERINTENDENT ARE RECOMMENDED TO THE COMPENSATION AND INSURANCE COMMITTEE BY THE HOUSE AND GROUNDS COMMITTEES RESPECTIVELY. THE DETERMINATION OF THE COMPENSATION IS BASED UPON AN EXAMINATION OF COMPARABLE COMPENSATION FOR SIMIARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITION AT SIMILARILY SITUATED ORGANIZATIONS. THE COMPENSATION AND INUSRANCE COMMITTTEE THEN FORWARDS THEIR RECOMMENDATION TOO THE BOARD OF GOVERNORS FOR THE BOARD'S FORMAL APPROVAL. THE COMPENSATION FOR ALL KEY EMPLOYEES ENTAILED AN EXAMINATION OF COMPARABLE COMPENSATION FOR SIMILARILY SITUATED ORGANIZATIONS. THESE REVIEWS ARE CONDUNCTED ANNUALLY BY THE GENERRAL MANAGER. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
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