| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE TERM STOCKHOLDER IS ANY PERSON OR PERSONS WHO HOLD 20 SHARES OF CAPITAL STOCK OF THIS ORGANIZATION. EACH STOCKHOLDER IS ENTITLED TO ONE VOTE ONLY. MVCC HAS THE FOLLOWING CLASSES OF MEMBERSHIP: HONORARY LIFE, REGULAR, JUNIOR AND SOCIAL. SOCIAL AND JUNIOR MEMBERS ARE NOT REQUIRED TO, BUT MAY, HOLD STOCK. STOCKHOLDERS VOTE ON ALL NEW DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS CONSISTS OF TWELVE PERSONS WHO ARE ELECTED BY THE STOCKHOLDERS OF THE CLUB AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | STOCKHOLDERS VOTE ON THE ELECTION OF THE BOARD MEMBERS, BYLAWS CHANGES, ANY SUBSTANTIAL INCREASE ($25,000 OR MORE) IN THE CLUB'S INDEBTEDNESS FOR BORROWED MONIES AND ANY MEMBERSHIP ASSESSMENT. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE PRESIDENT KEEPS RECORDS OF ANY ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE BETWEEN MEETINGS OF THE BOARD. THOSE ACTIONS ARE REPORTED TO THE BOARD AT THE NEXT BOARD MEETING AS REQUIRED BY THE BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE MVCC TREASURER WILL REVIEW FORM 990 BEFORE FILING AND SUBMIT TO THE BOARD FOLLOWING FILING AND TO INDIVIDUAL MEMBERS UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | MVCC HAS A CONFLICTS POLICY THAT PROHIBITS ANY MEMBER WHO PROVIDES A PAID SERVICE TO THE CLUB FROM PARTICIPATING IN ANY DECISION MAKING RELATED TO THE SERVICE. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE AVAILABLE UPON REQUEST. BYLAWS, MINUTES OF THE ANNUAL MEETING, AND FINANCIAL STATEMENTS AVAILABLE ON THE CLUB'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | OTHER CHANGES IN NET ASSETS FROM CAPITAL CAMPAIGN, NEW STOCKHOLDERS AND 1,500. CAPITAL DONATED BY RESIGNING MEMBERS MINUS REDEMPTION OF STOCK UNREALIZED GAIN - TBILL ACCRETION 842. |
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