| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN IS REVIEWED BY THE TREASURER AND WILL BE REPORTED UPON TO THE ENTIRE BOARD AT THE MAY MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | MANAGEMENT,ONLY RECEIVES SALARIED COMPENSATION. EACH MEMBER OF THE MANAGEMENT TEAM RECEIVES AN ANNUAL REVIEW IN JANUARY WHICH IS COMPRISED OF THE FLAG OFFICERS, TREASURER AND HOUSE CHAIR, A WRITTEN EVALUATION IS DISCUSSED, GOALS FOR THE PREVIOUS YEAR ARE REVIEWED AND GOALS FOR THE UPCOMING YEAR ARE SET. ANNUAL COMPENSATION AND PERFORMANCE BONUS IS SET AT THIS TIME AS WELL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE MINUTES OF ALL BOARD OF GOVERNOR'S MEETINGS ARE KEPT IN A BOOK ACCESSIBLE TO ALL MEMBERS OF THE CLUB. FINANCIAL DATA FOR EACH MONTH IS AVAILABLE TO ALL MEMBERS. TWICE A YEAR THERE IS A MEETING HELD WITH GENERAL MEMBERSHIP TO REVIEW THE PREVIOUS YEAR'S FINANCIAL STATEMENTS (SPRING MEETING) AND NINE MONTH CURRENT YEAR RESULTS (FALL MEETING). |
| FORM 990, PART IX, LINE 24E | BOAT R/M 32,709. UTILITIES 31,559. BUZ SOFTWARE EXPENSE 19,828. SOCIAL EVENTS 19,386. MISCELLANEOUS 16,746. SAILOR TRAINGING PRG 16,171. JUNIOR ACTIVITIES 14,042. WASTE REMOVAL 13,762. STORAGE FEE 13,285. GENERAL OPERATING EXPENSE 11,276. BANK/FINANCE CHARGES 9,375. RACE COMMITTEE 9,355. UNIFORM EXPENSE 9,247. SECURITY 8,752. FUEL MAINTENANCE 6,572. MARINA EXPENSE 6,014. TRUCK EXPENSE 5,990. LAUNCH EXPENSE 5,752. TELEPHONE 5,228. MOORING FEE EXPENSE 5,024. POSTAGE & SHIPPING 4,701. TROPHY EXPENSE 4,159. CLEANING/MAINTENENCE EXPENSE 3,851. LICENSE/PERMITS 3,778. ELECTRICAL/PLUMBING 2,957. LOG EXPENSE 2,871. INSTRUCTOR RECERTIFICATION 2,475. POOL EXPENSE 2,378. TOOLS/HARDWARE 2,281. CABLE TV 1,844. MEMBERSHIP EXP 1,703. BAD DEBT 1,182. CRUISE EXPENSE 516. |
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