Old Tennis Club Inc

“Organization members: rcow is a membership corporation with only one class of membership. Long island university is the sole member. As the sole member of the corporation, liu has the authority to appoint and remove all of the directors of the corporation as set forth in the corporation's amended and restated bylaws.”

“See explanation on line 6.”

“Rcow does not have any committees authorized to act on its behalf. Accordingly, part vi, section a, line 8b is no.”

“Form 990 review: the form 990 was prepared by an independent accounting firm (kpmg) based on information provided by the business and finance division of long island university. The return was then reviewed by management of rcow and liu. A copy of the final form 990 is provided to each member of the board of trustees prior to filing with the irs. Management and the independent accountants are available to the board for questions.”

“Conflict of interest review: all officers, directors and key employees annually complete a questionnaire to disclose potential conflicts. The questionnaire includes key definitions and examples. In addition, the conflict of interest policy is annually reviewed with officers, directors and key employees and the same are regularly reminded to disclose any changes. For all actual or potential conflicts that are identified by management, the affected person is asked to recuse himself or herself from all deliberations, transactions, negotiations and other matters relating to any such interest. New officers, directors and key employees undergo an orientation which includes a review of the conflict of interest policy.”

“Compensation review form 990: no compensation was paid by the organization to the officers/directors. Payment was made by a related 501(c)(3) tax exempt organization.”

“Document availability: the organization's conflict of interest policy and form 990 are available to the general public on request. The 990 is also available at www.guidestar.org.”

“Old tennis club, inc., doing business as racquet club at old westbury (rcow), is organized exclusively for the benefit of, to perform the functions of, and to carry out the exempt purposes of long island university (liu). The organization conducted the following program services in 2024: maintain tennis facilities.”