| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CLUB HAS THE FOLLOWING TWO CLASSES OF MEMBERS: VOTING AND SOCIAL MEMBERS. VOTING MEMBERS HAVE THE RIGHTS TO PARTICIPATE IN THE CLUB'S GOVERNANCE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF GOVERNORS ARE ELECTED BY VOTING MEMBERS. OFFICERS ARE ELECTED BY THE BOARD OF GOVERNORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING GOVERNANCE DECISIONS ARE RESERVED TO (OR SUBJECT APPROVAL BY) THE MEMBERS: -NO LIFETIME MEMBERSHIPS, OR SIMILAR PRIVILEGES OR REWARDS SHALL BE GIVEN BY THE CLUB WITHOUT THE APPROVAL OF THE VOTING MEMBERS AT AN ANNUAL OR SPECIAL MEETING. -THE CLUB WILL NOT SELL, MORTGAGE, OR LEASE ANY REAL ESTATE OF THE CLUB WITHOUT APPROVAL OF THE VOTING MEMBERS AT A MEETING DULY CALLED AND HELD. -THE BYLAWS MAY BE AMENDED AT ANY ANNUAL OR SPECIAL MEETING OF THE VOTING MEMBERS, PROVIDED THAT A MAJORITY OF THE VOTING MEMBERS PRESENT OR REPRESENTED BY PROXY AT THAT MEETING VOTE IN FAVOR OF THE AMENDMENT AND THAT NOTICE OF INTENTION TO AMEND, AND THE PROPOSED AMENDMENT SHALL BEEN CONTAINED IN THE NOTICE OF THE MEETING. -THE CLUB SHALL NOT INCUR DEBT OTHER THAN A $200,000 OPERATING LINE OF CREDIT (TO BE USED FOR CASH FLOW NECESSITIES) OR SUCH DEBT AS MAY BE INCLUDED IN THE BUDGET DISTRIBUTED TO VOTING MEMBERS PRIOR TO THE ANNUAL MEETING, NOR SHALL ANY CATEGORY OF EXPENSES IN THE BUDGET DISTRIBUTED TO VOTING MEMBERS PRIOR TO THE ANNUAL MEETING BE EXCEEDED BY MORE THAN 25% THEREOF, WITHOUT APPROVAL OF THE VOTING MEMBERS AT A MEETING DULY CALLED AND HELD, PROVIDED, HOWEVER, THAT BY TWO-THIRDS VOTE THE BOARD MAY APPROVE AN EXPENDITURE -NO ASSESSMENT OF ANY CLASS OR SUB-CLASS OF MEMBERS NOT INCLUDED IN THE BUDGET PUBLISHED PURSUANT TO ARTICLE III, SECTION 5 SHALL EXCEED, IN ANY YEAR, ONE-HALF OF THE DUES PAYABLE BY THAT CLASS OR SUB-CLASS OF MEMBERS FOR THAT YEAR UNLESS THAT ASSESSMENT HAS BEEN APPROVED BY THE VOTING MEMBERS AT A MEETING DULY CALLED AND HELD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TREASURER OF THE BOARD OF GOVERNORS WILL REVIEW THE 990 BEFORE FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC. |
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