| Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et |
Common officers/BOD; Laconia Country Club, Inc. |
| Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company |
Maintenance of golf course, billing members, accounting functions. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder |
Individuals join the golf club and pay an initiation fee and annual dues as member. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body |
Members elect a board of directors. The board oversees the finances and policies of the club and meet on a regular basis for decision making. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders |
The elected board will make daily decisions based on the voted upon annual budget by the members. Members meet annually to agree on detailed operating budget and capital expenditures based on the board recommendations. |
| Form 990, Part VI, Line 11b: Form 990 Review Process |
The 990 is presented at Board meeting for review as well as signed by the Treasurer. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
Reviewed with the annual budget and approved by members. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
A subcommittee of three reviews comparable clubs in the area for experience, salary, etc and bases the compensation on the data and the experience and knowledge of the individual. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
Our governing documents conflict of interest policy, and the form 990 are available upon request at that business location. |
Attach to Form 990 or 990-EZ.