| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | AS A PRIVATE CLUB, THE CLUB HAS BOTH GOLF MEMBERS AND SOCIAL MEMBERS. THE FOLLOWING ARE CATEGORIES OF GOLF MEMBERSHIP: REGULAR GOLF MEMBERS, INDIVIDUAL GOLD MEMBERS, MADISON RECIPROCAL GOLF MEMBERS, SENIOR LIFE GOLF MEMBERS, HONORARY LIFE GOLF MEMBERS, INTERMEDIATE AND PROFESSIONAL GOLF MEMBERS AND JUNIOR GOLF MEMBERS. THE FOLLOWING ARE CATEGORIES OF SOCIAL MEMBERSHIP: SOCIAL MEMBERS, SENIOR SOCIAL MEMBERS, HONORARY SOCIAL MEMBERS, SOCIAL PLUS MEMBERS, AND CLERGY MEMBERS. THE REGULAR GOLF, INDIVIDUAL GOLF, SENIOR LIFE GOLF, HONORARY LIFE GOLF, AND INTERMEDIATE AND PROFESSIONAL GOLF MEMBERS OF THE CLUB HAVE THE RIGHT TO VOTE (EITHER IN PERSON OR BY WRITTEN PROXY) ON ANY ISSUE THAT MAY COME BEFORE EITHER AN ANNUAL OR A SPECIAL MEETING OF THE CORPORATION FOR A VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CLUB'S MEMBERSHIP HAS THE RIGHT TO ELECT THE MEMBERS OF THE CLUB'S GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE PREPARED FORM 990 IS FIRST REVIEWED BY THE FINANCE COMMITTEE AND TREASURER AND THEN BY THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY EACH OFFICER AND DIRECTOR OF THE CLUB SIGNS A STATEMENT THAT AFFIRMS SUCH PERSON 1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2) HAS READ AND UNDERSTANDS THE POLICY, 3) HAS AGREED TO COMPLY WITH THE POLICY, AND 4) UNDERSTANDS THAT THE CLUB IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE SIGNED STATEMENTS ARE GIVEN TO THE PRESIDENT. THE PRESIDENT REPORTS AND PRESENTS TO AN EXECUTIVE SESSION OF THE GOVERNING BODY ANY CONFLICTS FOR DISCUSSION ON THE DATE OF THE NEXT REGULARLY SCHEDULED MEETING OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CLUB'S COMPENSATION COMMITTEE IS CHARGED WITH CONDUCTING ITS AFFAIRS TO ESTABLISH THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE. THE COMMITTEE 1) REVIEWS AND ESTABLISHES THE COMPENSATION FOR THE DIRECTOR OF CLUB OPERATIONS AND GOLF AND 2) REVIEWS AND APPROVES THE COMPENSATION, AS DETERMINED BY THE EXECUTIVE COMMITTEE FOR THE GOLF SUPERINTENDENT, GOLF PROFESSIONAL, AND EXECUTIVE CHEF. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CLUB MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE MEMBERS ANNUALLY AT THE GENERAL MEETING AND UPON REQUEST. |
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