FORM 990, PART VI, SECTION A, LINE 6 |
THE LANDINGS CLUB, INC. (THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE MEMBERSHIP VOTES ANNUALLY TO FILL THREE BOARD POSITIONS. GOLF MEMBERS RECEIVE THREE VOTES, TENNIS MEMBERS RECEIVE TWO VOTES AND SOCIAL, ATHLETIC, AND HOUSE MEMBERS RECEIVE ONE VOTE. |
FORM 990, PART VI, SECTION A, LINE 7B |
HAVE THE POWER, UPON APPROVAL OF A MAJORITY OF THE VOTE OF THE MEMBERSHIP, TO EXCHANGE RIGHTS TO USE THE CLUB'S FACILITIES WITH MEMBERS OF OTHER COUNTRY CLUBS; HAVE THE POWER, UPON APPROVAL OF TWO-THIRDS (2/3) OF THE VOTE OF THE MEMBERSHIP, TO MERGE OR CONSOLIDATE THE CLUB WITH ANOTHER ENTITY, TO SELL, LEASE, EXCHANGE, TRANSFER OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF THE CLUB'S ASSETS OR TO DISSOLVE THE CLUB; AND HAVE THE POWER, UPON APPROVAL OF TWO-THIRDS (2/3) OF THE BOARD OF GOVERNORS, TO BORROW MONEY, INCUR INDEBTEDNESS OR PLEDGE THE ASSETS OF THE CLUB. |
FORM 990, PART VI, SECTION B, LINE 11B |
A COPY OF FORM 990 WILL BE PHYSICALLY DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
A CONFLICT OF INTEREST STATEMENT IS SIGNED EACH YEAR BY ALL BOARD MEMBERS AND KEY EMPLOYEE. |
FORM 990, PART VI, SECTION B, LINE 15 |
SALARY SURVEYS AND INDUSTRY COMPARISONS ARE REVIEWED BY THE HR COMMITTEE AND EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE EXECUTIVE COMMITTEE. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE CLUB MAKES ITS GOVERNING DOCUMENTS AVAILABLE ON IT'S WEBSITE. THE CLUB'S CONFLICT OF INTEREST POLICY IS LOCATED IN THE EMPLOYEE MANUAL. THE CLUB'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
FORM 990, PART XI, LINE 9: |
NET CHANGE OF EQUITY MEMBERSHIP 4,405,204. DEFERRED COMP. INVESTMENT INCOME -42,957. |