TY 2020 Form 990 Schedule O

efile Public Visual Render ObjectId: 202200409349301745 - Submission: 2022-02-09 TIN: 04-1839710

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE SKATING CLUB OF BOSTON

Employer identification number

04-1839710

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: THOSE WITH VOTING RIGHTS AND ANY OTHER LEGAL RIGHTS OR PRIVILEGES IN CONNECTION WITH THE GOVERNANCE OF THE CORPORATION AS ESTABLISHED BY THE BYLAWS AND THE ARTICLES OF ORGANIZATION, AND THOSE WITHOUT VOTING, OR OTHER, RIGHTS IN THE GOVERNANCE OF THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7A	VOTING MEMBERS HAVE THE RIGHT TO ELECT AND REMOVE THE DIRECTORS. THEY ALSO HAVE ADDITIONAL POWERS AND RIGHTS, AS ARE VESTED IN VOTING MEMBERS BY APPLICABLE LAW OR THE BYLAWS, ARTICLES OF ORGANIZATION OR AMENDMENTS THERETO, OR AS ESTABLISHED BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B	VOTING MEMBERS WILL VOTE ON GOVERNANCE DECISIONS AS DEEMED NECESSARY BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY AFTER IT IS REVIEWED BY THE TREASURER AND THE FINANCE COMMITTEE BEFORE IT IS FILED. THE TREASURER SENDS THE FORM 990 TO THE VICE-PRESIDENT FOR REVIEW AND SIGNATURE.
FORM 990, PART VI, SECTION B, LINE 12C	ALL DIRECTORS AND OFFICERS ARE REQUIRED TO FILE WITH THE SECRETARY THE CONFLICT OF INTEREST DISCLOSURE FORM ATTACHED TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY, PRIOR TO THE FIRST BOARD MEETING OF THE YEAR'S NEW TERM. IF AN INDIVIDUAL HAS A CONFLICT OF INTEREST, HE OR SHE MUST FULLY DISCLOSE THE NATURE OF THE INTEREST AND WITHDRAW FROM DISCUSSION, LOBBYING, AND VOTING ON THE MATTER. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF DISINTERESTED DIRECTORS OR VOTING MEMBERS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO DO SO.
FORM 990, PART VI, SECTION B, LINE 15A	COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE COMPENSATION COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. GENERAL EXECUTIVE DIRECTOR POSITIONS IN BOSTON WERE LOOKED AT, BUT MORE SIGNIFICANTLY, THE DETROIT SKATING CLUB, THE CLOSEST INDUSTRY COMPETITOR TO THE CLUB. THE COMPENSATION WAS ADJUSTED TO REFLECT THE LARGER POSITION IN BOSTON AS WELL AS THE COST OF LIVING. FINALLY, THE BOARD TOOK INTO CONSIDERATION THE EXECUTIVE DIRECTOR'S EXPERIENCE IN THE INDUSTRY. THE DISCUSSION WAS DOCUMENTED AND A FIVE YEAR EMPLOYMENT CONTRACT WAS SIGNED. THIS PROCESS WAS LAST UNDERTAKEN ON JUNE 30, 2020.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: THOSE WITH VOTING RIGHTS AND ANY OTHER LEGAL RIGHTS OR PRIVILEGES IN CONNECTION WITH THE GOVERNANCE OF THE CORPORATION AS ESTABLISHED BY THE BYLAWS AND THE ARTICLES OF ORGANIZATION, AND THOSE WITHOUT VOTING, OR OTHER, RIGHTS IN THE GOVERNANCE OF THE ORGANIZATION.

FORM 990, PART VI, SECTION A, LINE 7A

VOTING MEMBERS HAVE THE RIGHT TO ELECT AND REMOVE THE DIRECTORS. THEY ALSO HAVE ADDITIONAL POWERS AND RIGHTS, AS ARE VESTED IN VOTING MEMBERS BY APPLICABLE LAW OR THE BYLAWS, ARTICLES OF ORGANIZATION OR AMENDMENTS THERETO, OR AS ESTABLISHED BY THE BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION A, LINE 7B

VOTING MEMBERS WILL VOTE ON GOVERNANCE DECISIONS AS DEEMED NECESSARY BY THE BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION B, LINE 11B

A COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY AFTER IT IS REVIEWED BY THE TREASURER AND THE FINANCE COMMITTEE BEFORE IT IS FILED. THE TREASURER SENDS THE FORM 990 TO THE VICE-PRESIDENT FOR REVIEW AND SIGNATURE.

FORM 990, PART VI, SECTION B, LINE 12C

ALL DIRECTORS AND OFFICERS ARE REQUIRED TO FILE WITH THE SECRETARY THE CONFLICT OF INTEREST DISCLOSURE FORM ATTACHED TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY, PRIOR TO THE FIRST BOARD MEETING OF THE YEAR'S NEW TERM. IF AN INDIVIDUAL HAS A CONFLICT OF INTEREST, HE OR SHE MUST FULLY DISCLOSE THE NATURE OF THE INTEREST AND WITHDRAW FROM DISCUSSION, LOBBYING, AND VOTING ON THE MATTER. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF DISINTERESTED DIRECTORS OR VOTING MEMBERS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO DO SO.

FORM 990, PART VI, SECTION B, LINE 15A

COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE COMPENSATION COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. GENERAL EXECUTIVE DIRECTOR POSITIONS IN BOSTON WERE LOOKED AT, BUT MORE SIGNIFICANTLY, THE DETROIT SKATING CLUB, THE CLOSEST INDUSTRY COMPETITOR TO THE CLUB. THE COMPENSATION WAS ADJUSTED TO REFLECT THE LARGER POSITION IN BOSTON AS WELL AS THE COST OF LIVING. FINALLY, THE BOARD TOOK INTO CONSIDERATION THE EXECUTIVE DIRECTOR'S EXPERIENCE IN THE INDUSTRY. THE DISCUSSION WAS DOCUMENTED AND A FIVE YEAR EMPLOYMENT CONTRACT WAS SIGNED. THIS PROCESS WAS LAST UNDERTAKEN ON JUNE 30, 2020.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Software ID:
Software Version: