| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN IS REVIEWED BY THE TREASURER AND WILL BE REPORTED UPON TO THE ENTIRE BOARD AT THE MAY MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | MANAGEMENT,ONLY RECEIVES SALARIED COMPENSATION. EACH MEMBER OF THE MANAGEMENT TEAM RECEIVES AN ANNUAL REVIEW IN JANUARY WHICH IS COMPRISED OF THE FLAG OFFICERS, TREASURER AND HOUSE CHAIR, A WRITTEN EVALUATION IS DISCUSSED, GOALS FOR THE PREVIOUS YEAR ARE REVIEWED AND GOALS FOR THE UPCOMING YEAR ARE SET. ANNUAL COMPENSATION AND PERFORMANCE BONUS IS SET AT THIS TIME AS WELL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE MINUTES OF ALL BOARD OF GOVERNOR'S MEETINGS ARE KEPT IN A BOOK ACCESSIBLE TO ALL MEMBERS OF THE CLUB. FINANCIAL DATA FOR EACH MONTH IS AVAILABLE TO ALL MEMBERS. TWICE A YEAR THERE IS A MEETING HELD WITH GENERAL MEMBERSHIP TO REVIEW THE PREVIOUS YEAR'S FINANCIAL STATEMENTS (SPRING MEETING) AND NINE MONTH CURRENT YEAR RESULTS (FALL MEETING). |
| FORM 990, PART IX, LINE 24E | GENERAL OPERATING EXPENSE 43,432. SOCIAL EVENTS 38,459. UTILITIES 36,711. BOAT R/M 24,736. SAILOR TRAINGING PRG 17,297. WASTE REMOVAL 15,299. CLEANING/MAINTENENCE EXPENSE 11,645. JUNIOR ACTIVITIES 10,877. RACE COMMITTEE 10,381. STORAGE FEE 9,044. BANK/FINANCE CHARGES 6,982. LAUNCH EXPENSE 6,405. SECURITY 5,934. POOL EXPENSE 5,879. MISCELLANEOUS 5,788. MOORING FEE EXPENSE 5,680. FUEL MAINTENANCE 5,450. TELEPHONE 5,276. UNIFORM EXPENSE 5,175. MARINA EXPENSE 4,970. TRUCK EXPENSE 4,860. LICENSE/PERMITS 4,760. ELECTRICAL/PLUMBING 4,751. POSTAGE & SHIPPING 4,534. LOG EXPENSE 4,404. TROPHY EXPENSE 4,094. MEMBERSHIP EXP 3,028. TOOLS/HARDWARE 2,043. BUZ SOFTWARE EXPENSE 1,741. INSTRUCTOR RECERTIFICATION 813. BAD DEBT 445. CRUISE EXPENSE 27. |
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