| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CLUB IS OWNED BY MEMBERS HOLDING EQUITY SHARES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH EQUITY SHARE IS COUNTED AS ONE VOTE WHEN ELECTING DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH EQUITY SHARE IS COUNTED AS ONE VOTE WHEN APPROVING CAPITAL EXPENDITURES, DEBT, DUES INCREASES AND OTHER BUSINESS COMPLIANT WITH THE CLUB'S BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CLUB ACCOUNTANT ELECTRONICALLY MAILS THE RETURN TO THE BOARD OF DIRECTORS BEFORE FILING. THE DIRECTORS REVIEW THE ELECTRONIC COPIES OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS PERFORMS AN ANNUAL EVALUATION OF THE GENERAL MANAGER AND APPROVES THE ANNUAL SALARY AS EVIDENCED BY AN EMPLOYMENT AGREEMENT SIGNED BY THE PRESIDENT AND GENERAL MANAGER. THE PRESIDENT, PAST PRESIDENT AND PRESIDENT ELECT DETERMINE THE COMPENSATION AFTER CONSIDERING PAST COMPENSATION, EVALUATION RESULTS, AVAILABLE FUNDS AND COMPARABILITY DATA BASED ON SURVEYS OF OTHER CLUBS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ALL THE REQUIRED DOCUMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | GENERAL & ADMINISTRATIVE 161,787. PROPERTY TAXES 126,129. FACILITY MAINTENANCE 103,114. ENTERTAINMENT 80,958. AQUATIC SPORTS 78,876. CLUBHOUSE 65,711. BAR DEPARTMENT 47,724. RACQUET SPORTS 12,030. RENT 9,180. LOCKER ROOMS 4,270. HEALTH AND FITNESS 2,571. |
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