The Muttontown Club Inc

“The assets were sold and the net liabilities absorbed of the organization on 10/04/2017 therefore reliquinshing control of the operations.”

“The muttontown club, inc was formed as a members only organization.”

“Prior to 10/04/2018 the business, property and affairs of the club were managed by the board of governors to consist of fifteen regular members, one privileged member, and the president of the women's group. The election of all governors, other than the president of the women's group, shall be by ballot, determined by plurality vote and shall be for a term of three years (a "full term") divided into classes so that the terms of five governors who are regular members shall expire each year. To be valid, a completed ballot must contain a vote for a separate and different nominee for each an every vacancy. Only a priviledged member shall be elected in the event of a vacancy. No regular or privileged member shall be elected by the regular members to serve as a governor for more than two consecutive full terms and, prior to becoming a candidate for the board of governors, shall have been a regular or privileged member for at least three (3) years. Any governor who has served less than two consecutive full terms may be re-elected to a partial term provided such a partial term exists and further provided that such governor's length of service in the aggregate does not exceed six (6) consecutive years. Only one spouse of any family may serve on the board of governors at the same time. In the event the president of the women's group is the wife of an existing or sitting governor, then the women's board of the women's group shall designate the member to serve on the board of governors in lieu of the president of the women's group.”

“Prior to 10/04/2018 the annual dues, assessments and other charges for members in each class of membership were fixed by the board of governors subject to limitation and restrictions hereinafter set forth. The board of governors shall have the right to levy dues, assessments and other charges for each class of membership for any club year in such amount as is necessary to meet the regular ordinary operating expenses and debt service and amortization of charges of the club for that year. Assessments for capital improvements not exceeding $1,000.00 per regular member in any one club year may be levied by a vote of not less than ten members of the board of governors, provided notice that a capital assessment is to be considered shall be given to each governor at least five days prior to the meeting at which the proposed assessment is to be considered. Assessments other than those herinabove referred to may be levied by the members at any annual or special meeting, provided that notice shall be given to each member that such assessment shall be voted on at such meeting. Each member shall be required to pay any governmental tax imposed on dues, assessments, or other charges.”

“No review was or will be conducted.”

“All management persons compensation are reviewed by the president and treasurer. Final compensation figures are approved in writing by the president. Officers are not compensated”

“Part vi, section a - question 3”

“The assets were sold and liabilities absorbed to concert muttontown, llc - 82-2761227. Though the muttontown club has ceased operations, this is not a final return as there are issues that need to be addressed before dissolution and filing a final tax return.”

“Loss on sale of assets and net of obligations assumed. -4,522,277.”