| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE WOODWAY COUNTRY CLUB, INCORPORATED ( THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF GOVERNORS ARE SELECTED BY A PERCENTAGE OF VOTES OF ALL VOTING MEMBERS VIA PROXY. THE BOARD CONSISTS OF FIFTEEN GOVERNORS WITH A THREE YEAR TERM LIMIT. |
| FORM 990, PART VI, SECTION A, LINE 7B | CAPITAL PROJECTS IN EXCESS OF ONE MILLION DOLLARS ARE SUBJECT TO VOTE AND APPROVAL BY THE MEMBERSHIP |
| FORM 990, PART VI, SECTION B, LINE 11B | WHEN THE FORM 990 IS COMPLETED FROM COMD AND FORWARDED TO THE CLUB, THE CLUB PRESIDENT/TREASURER, BOTH REVIEW THE FORM 990 AND APPROVE IT. IT'S THEN PROVIDED TO THE BOG, FOR THEIR REVIEW ONLY. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT ON INTEREST POLICY IS REVIEWED EVERY SIX MONTHS WITH MANAGMENT FOR COMPLIANCE PURPOSES. |
| FORM 990, PART VI, SECTION B, LINE 15 | REVIEWS ARE PERFORMED ANNUALLY FOR ALL TOP LEVEL MANAGEMENT AND COMPARED TO THE INDUSTRY STANDARD BY POSITION AND TENURE. THE CLUB DOES NOT COMPENSATE ANY OFFICERS OR GOVERNORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CLUB DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. |
| FORM 990, PART XI, LINE 9: | PROCEEDS FROM SALE OF CAPITAL STOCK NET 9,500. |
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