FORM 990, PART VI, SECTION A, LINE 6 |
LINE 6 EXPLANATION - INDIVIDUALS PURCHASE MEMBERSHIP TO THE CLUB AND ARE CHARGED DUES MONTHLY FOR CONTINUED MEMBERSHIP. |
FORM 990, PART VI, SECTION A, LINE 7A |
LINE 7A EXPLANATION - PROPRIETARY MEMBERS OF THE CLUB VOTE TO ELECT NEW BOARD MEMBERS ANNUALLY. COMMITTEES ARE MADE UP OF PROPRIETARY MEMBERS THAT SUBMIT RECOMMENDATIONS TO THE BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION A, LINE 7B |
LINE 7B EXPLANATION - A MAJORITY VOTE OF ALL PROPRIETARY MEMBERS IS NEEDED TO PASS THE FOLLOWING PROPOSALS: A CHANGE IN THE PERCENTAGE OF A MEMBER TRANSFEREE'S ENTRANCE OR INITIATION FEES TO BE RETAINED BY THE CLUB UPON TRANSFER OF A MEMBERSHIP, DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CLUB, ELECTION TO DISSOLVE THE CLUB, ESTABLISHMENT OF, OR INCREASES/DECREASES TO MEMBERSHIPS, AMENDING THE ARTICLES OF INCORPORATION AND BY-LAWS. A MAJORITY VOTE OF AT LEAST FIFTY PERCENT OF THE PROPRIETARY MEMBERS IS NEEDED TO PASS THE FOLLOWING PROPOSALS: REMOVAL OF A DIRECTOR, FILLING VACANCIES ON THE BOARD, APPROVAL OF A RELATED PARTY TRANSACTION WITH A DIRECTOR, AN INCREASE OF INDEBTEDNESS OR ASSESSMENTS IN A TWELVE-MONTH PERIOD BY AN AMOUNT EXCEEDING TWO TIMES THE MONTHLY DUES INCOME, ANY ACTION MATERIALLY OR ADVERSELY AFFECTING THE RIGHTS OF THE PROPRIETARY MEMBERS, CHANGES TO THE NUMBER OF DIRECTORS, INCREASING THE TERM OF DIRECTORS, ALLOWING ANY DIRECTOR TO HOLD OFFICE BY DESIGNATION. A MAJORITY VOTE OF AT LEAST FORTY PERCENT OF THE PROPRIETARY MEMBERS PRESENT AT REGULAR ANNUAL MEETINGS REGARDING ALL AFFAIRS OF THE ORGANIZATION AND AT SPECIAL MEETINGS REGARDING THE BUSINESS INVOLVED THAT CALLED FOR A SPECIAL MEETING. |
FORM 990, PART VI, SECTION B, LINE 11B |
LINE 11A EXPLANATION - THE FORM 990 IS REVIEWED BY THE CONTROLLER AND GENERAL MANAGER BEFORE IT IS SUBMITTED TO AN OFFICER FOR SIGNATURE. THE BOARD OF DIRECTORS ARE ADVISED THAT THE RETURN IS AVAILABLE FOR REVIEW. |
FORM 990, PART VI, SECTION B, LINE 12 |
ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE CONFLICT OF INTEREST NOTICE. |
FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION AND INCREASES ARE REVIEWED BY BOD DURING THE ANNUAL BUDGET PROCESS AND MANAGED BY GM/COO. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE CLUB'S GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE AVAILABLE VIA THE CLUB'S WEBSITE. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. |
FORM 990, PART IX, LINE 24E |
FOOD 619,614. GOLF ACTIVITIES 524,944. PROPERTY TAXES & INSURANCE 450,833. GENERAL AND ADMINISTRATIVE 440,993. BEVERAGE 188,164. INTEREST EXPENSE 78,618. LOCKER ROOM 42,976. OTHER EXPENSES 20. |
FORM 990, PART XII, LINE 2C |
NO CHANGE FROM THE PRIOR YEAR. |