SCHEDULE O
(Form 990)

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.
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OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
INVERNESS GOLF CLUB
 
Employer identification number

36-2306401
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS THAT ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. THESE MEMBERS ARE REFERRED TO AS "REGULAR MEMBERS".
FORM 990, PART VI, SECTION A, LINE 7A EVERY YEAR THERE IS AN ELECTION, GENERALLY FIVE CANDIDATES OF THE GOVERNING BOARD ARE UP FOR RE-ELECTION. THE REGULAR MEMBERS VOTE ON ACCEPTING THOSE CANDIDATES. ANY GROUP OF FIFTY MEMBERS MAY NOMINATE FIVE REGULAR MEMBERS IN GOOD STANDING, AS A SLATE OF CANDIDATES IN OPPOSITION TO THE SLATE OF DIRECTOR CANDIDATES NOMINATED TO THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7B THE REGULAR MEMBERS ANNUALLY ELECT NEW DIRECTORS TO THE GOVERNING BODY, APPROVE BYLAW CHANGES AND AUTHORIZE A LOAN FOR CAPITAL. APPROVAL OF THE GOVERNING BODY'S DECISION TO DISSOLVE THE ORGANIZATION REQUIRES SEVENTY-FIVE PERCENT OF THE REGULAR MEMBERS' CONSENT.
FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 15 EMPLOYMENT CONTRACTS ARE ONLY AVAILABLE TO MEMBERS OF THE EXECUTIVE COMMITTEE, UNLESS A MAJORITY OF THE EXECUTIVE COMMITTEE AGREES TO RELEASE INFORMATION TO OTHER BOARD MEMBERS. EMPLOYMENT CONTRACTS ARE EXECUTED BY AT LEAST 3 MEMBERS OF THE EXECUTIVE COMMITTEE. THE RECOMMENDATIONS OF ALL STANDING COMMITTEES ARE PRESENTED TO THE BOARD OF DIRECTORS FOR CONSIDERATION. THE FINANCE COMMITTEE, AS PART OF THE ANNUAL BUDGET PROCESS, ALSO PREPARES A DETAILED ANNUAL COMPENSATION PLAN FOR ALL CLUB EMPLOYEES WITH THE SUPPORT OF THE CLUB GENERAL MANAGER. THIS IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2022


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