| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 6 | Each pool membership is issued a unique member number upon joining. Member numbers are used to track annual dues payments, facility access, and team participation across all club activities. |
| Form 990, Part VI, Section A, Line 7a | An annual meeting is held once a year to elect the board of directors and officers by the members. Notice of the annual meeting is provided to all members in accordance with the corporate bylaws. |
| Form 990, Part VI, Section A, Line 7b | Certain changes to the rules of the organization are subject to membership approval |
| Form 990, Part VI, Section B, Line 11b | The corporate form 990 is available to anyone who requests a copy and is prepared by the corporate treasurer. |
| Form 990, Part VI, Section C, Line 19 | All corporate governing documents, including the bylaws and rules and regulations, are available to members and the public on the organization's website at lgpool.org. The Form 990 tax filing is available upon request to the Treasurer. Financial statements are presented to the full Board of Directors at each board meeting. |
| Form 990, Part IX, Line 24a - 24d | During the 2025 fiscal year, the organization engaged a geotechnical engineering firm to conduct a preliminary assessment of the condition of the tennis court surfaces and adjacent parking areas at a cost of $5,000, recorded as an expense in the current year. This study was undertaken to determine whether major repairs or capital improvements to these facilities may be warranted. As of the filing date of this return, no formal capital project has been approved by the Board. The organization has been building reserves in its money market account in anticipation of potential future capital needs related to facility maintenance and improvement. If a capital project is approved in a future year, the cost of the preliminary study will be incorporated into the capitalized cost of that project. Total Corporate Expenses of $162,553 on Part IX Line 24d consist of: facilities maintenance and repairs $80,328; utilities $33,569; administrative expenses $36,612; credit card processing fees $789; social programs $2,001; geotechnical study $5,000; other $2,254. |
| Form 990, Part XI, Line 9 | Other changes in net assets or fund balances of $9,408 represent the net of two items: (1) prior year team account balances totaling $29,300 (Swim Team $25,178, Dive Team $3,982, Tennis Team $140) that were not previously included in the organization's consolidated balance sheet reporting and are included in the current year consolidated cash balance for the first time; and (2) a correction of $19,892 to reduce net assets resulting from a data entry error made during preparation of the current year return in which the land cost basis of $30,000 was inadvertently entered twice in Schedule D Part VI, overstating Line 10a. This error was identified and corrected prior to filing. These adjustments have no effect on the organization's cash position or tax-exempt status. |
| Form 990, Part XII, Line 1 | Beginning with the 2025 tax year, the organization changed its presentation of credit card processing fees from net reporting to gross reporting. Under the prior method, credit card processing fees were netted against membership dues revenue at the point of deposit. Under the current method, membership dues and other revenue are reported at gross amounts received from members, and credit card processing fees are reported as a separate expense in Part IX. Prior year amounts have not been restated. This change has no effect on net assets or fund balances in any period. |
| Software ID: | 25022730 |
| Software Version: | v1.00 |