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 yacht club is an membership organization. |
| Form 990, Part VI, Section A, Line 7a | The membership elect by vote the Board of Directors (Executive Committee) and the organization's officers. |
| Form 990, Part VI, Section A, Line 7b | The membership votes on the annual budget and has approval authority over the construction of new buildings, major renovations, the imposition of assessments, the purchase or sale of realty, and the borrowing of funds. |
| Form 990, Part VI, Section B, Line 11b | A draft of the Form 990 is distributed to the Board of Directors and Audit Committee prior to filing. |
| Form 990, Part VI, Section B, Line 12c | Other than expenses that apply to all members (membership fee, launch service, storage, etc,), directors and officers do not have any business dealing with the organization. Nevertheless, all expenses incurred by the organization are reviewed by the Treasurer and Audit Committee and made availabe to the Board of Directors monthly. |
| Form 990, Part VI, Section B, Line 15 | The CEO (Commodore) and other officers receive no compensation and threforre no review is necessary. The salary of the Steward is reviewed annually by the Board of Directors. |
| Form 990, Part VI, Section C, Line 19 | The organization's governing documents (by-laws and rules) are made available on its website. |
| Software ID: | 22015720 |
| Software Version: | v1.00 |