Regatta Point Community Sailing Inc

“The organization consists of members who hold authority to elect directors and take action as properly brought before corporate membership.”

“The organization consists of members who vote to elect the board of directors”

“The organization consists of members who elect the board of directors to govern the organization and take action as properly brought before corporate membership.”

“Accountant prepares and reviews a draft copy of the tax return with the treasurer, who then reviews with governing board members.”

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. The organization has a written conflict of interest policy that requires each member of the board of directors and the executive director to sign an annual statement confirming his/her compliance with the policy.”

“Every year at the conclusion of the entity's operating cycle (april-october) a three-member sub-committee of the governing body does a performance review report of the entity and the executive director. The sub-committe also establishes goals and objectives for the entity and the executive director for the subsequent year. The performance review report is submitted to the full governing board for review and approval. At that time the compensation for the executive director is determined.”

“The entity's form 990 is made available on guidestar.org or upon request for public inspection upon request.”

“The entity's financial statements are made available to the public upon request. Also the entity includes its financial statements and form 990 with grant applications to foundations.”

“The organization expanded its program services to an additional location in hopkinton, ma which significantly increased revenues and expenses.”