Riverside Yacht Club Incorporated

“Amended article 10 of the by-laws to establish dues and assessments for fiscal year 2024-2025.”

“The riverside yacht club, incorporated was incorporated as a membership organization.”

“The nominating committee shall, at least two weeks before the annual meeting, nominate and post upon the bulletin board in the clubhouse, the names of the members nominated to serve as commodore, vice commodore, rear commodore, secretary, treasurer and governors to succeed those whose terms of office are expiring. The secretary shall include a list of the nominees in the notice of the annual meeting. Not later than march 1 of each year, the nominating committee shall publish to the membership by such means and with such frequency as the committee deems appropriate a notice soliciting suggestions from the membership for candidates for election to the offices which the nominating committee is to fill that year. The notice shall identify the offices to be filled, identify the then current members of the nominating committee and suggest a means by which suggestions from members may be conveyed to the nominating committee. No person who is or was a member of the then acting nominating committee may be nominated by that committee for any office during the period of the term on the committee to which such member was elected or appointed.”

“The board of governors shall have entire authority in the management and control of the club's affairs, finances, business and property. The board of governors shall approve all contracts, shall have authority over all standing committees, shall decide on all appropriations and shall approve all commitments of $500 or more outside the budget or outside the ordinary course of business. The board of governors shall have power to make such rules, consistent with the by-laws, as it deems proper, governing the use of the clubhouse, grounds and appurtenances by members and guests. The board of governors shall inquire into the character and standing of the candidates recommended by the admissions committee and may elect to membership in the club such candidates as it considers desirable. The board of governors shall have the power to expel a member pursuant to article 3, section 9 of the by-laws. Any governor can be removed with or without cause by affirmative vote of ten governors. The board of governors shall have such other powers and duties as may be established pursuant to the by-laws, the club's articles of association or the laws of connecticut.”

“No review was or will be conducted.”

“Governors, officers and key employees must complete a conflict of interest policy annually and disclose any conflicts.”

“Flag officers (executive committee) which include commodore, vice commodore, rear commodore, treasurer & secretary review salaries of key employees; particularly those who earn more than $100,000 per year. Comparative salary data is obtained primarily from surveys conducted by our auditors along with data shared by colleagues from other yacht clubs.”

“The club does not make its governing documents, conflict of interest policy, and financial statements available to the general public.”

“To provide social recreation in yachting and to maintain a clubhouse which provides dining and social activities for the membership.”

“MEMBERS CAPITAL 13,000.”