| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | LINE 6 EXPLANATION - THE VALLEY HUNT CLUB HAS DUES PAYING MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | LINE 7A EXPLANATION - THE VALLEY HUNT CLUB HAS MEMBERS THAT ELECT THE BOARD OF DIRECTORS ANNUALLY. |
| FORM 990, PART VI, SECTION A, LINE 7B | LINE 7B EXPLANATION - AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE MEMBERS OF THE CLUB APPROVE ANY CHANGES TO THE ORGANIZATION'S BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | LINE 11B EXPLANATION - THE CLUB'S CPA FIRM PREPARES THE 990 WHICH IS THEN REVIEWED AND RECONCILED TO THE FINANCIAL STATEMENTS BY THE CLUB'S CONTROLLER. THE AUDIT COMMITTEE REVIEWS/APPROVES THE 990. IT IS THEN REVIEWED BY THE BOARD OF DIRECTORS AND SIGNED BY THE APPROPRIATE OFFICER PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS, AND KEY STAFF MEMBERS ARE UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN OR REASONABLY KNOWN. ALL PARTIES SIGN AN INITIAL COMPLIANCE AND DISCLOSURE STATEMENT DISCLOSING ALL MATERIAL FACTS ABOUT ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST. NEW DISCLOSURE AND COMPLIANCE STATEMENTS MUST BE SIGNED UPON DISCLOSURE OF NEW CONFLICTS OF INTEREST IDENTIFIED. ALL IDENTIFIED OR POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE APPROPRIATE AUTHORITY. |
| FORM 990, PART VI, SECTION B, LINE 15 | EMPLOYEES ARE GIVEN AN ANNUAL REVIEW BY DEPARTMENT MANAGERS/GENERAL MANAGER. SALARY INCREASES ARE REVIEWED AND APPROVED BY THE GENERAL MANAGER AND THE BOARD. THE GENERAL MANAGER'S JOB PERFORMANCE AND CONTRACT IS REVIEWED BY THE MANAGEMENT COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CLUB DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC |
| FORM 990, PART IX, LINE 24E | PROFESSIONAL FEES 285,265. REPAIRS & MAINTENANCE 255,145. PROPERTY OPERATIONS & MAINTENA 156,066. PROPERTY TAXES 136,142. UNIFORMS & LAUNDRY 86,619. CLUBHOUSE OPERATING EXPENSE 83,306. SPORTS & GAMES OPERATING EXPEN 79,482. PROMOTION 67,642. ADMIN COST DISTRIBUTION 51,341. CORPORATE TAXATION 35,504. RENTAL EXPENSES 17,626. INVESTMENT EXPENSE 14,526. |
| FORM 990, PART XI, LINE 9: | FINANCED INITIATION FEES -185,037. |
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