The Leash Inc

“Question 2- andrew smethurst, treasurer, and and e. William smethurst, secretary, have a son and father relationship.”

“The organization has members in seven different classes. They are as follows: life, honorary, regular, jr regular, non-resident, senior and international members. The only class that has an equitable interest should the club disengage activities is the regular member class. It is also the only class that can elect governors at the annual meeting.”

“Question 7a-the regular member class is the only class that can elect the board of governors. This is done at the annual meeting at the end of the fiscal year.”

“Question 7b-some decisions that are not daily club decisions are subject to approval by the regular members only. Most decisons are made directly by the board of governors.”

“The form 990 is reviewed by the treasurer before it is filed with the internal revenue service.”

“There is no written conflict of interest policy. The club asks the potential members if they have business relationships with other members before initiating them, to try to avoid conflicts of interest. Records are stored with our bookkeeper for seven years. Any member can request a copy of financial data and it will be given to them in a timely fashion. The policies related to conflict of interest and whistle blowing have been drafted, and are currently being reviewed by management.”

“Real estate taxes 51,849. Beverages 51,335. Repairs & maintenance 40,849. Recruitment and other costs 36,081. Utilities & telephone 34,088. Outside services 24,562. Food 22,158. Miscellaneous expenses 14,956. Club merchandise 8,746. Laundry & cleaning 3,307. Cable/fire/key card 2,762. Payroll processing fees 2,238. Bank charges 428. Licenses & permits 398. Promotional expenses 250.”

“Election not to claim the additional first year depreciation allowable under irc sec. 168 (k) the leash 41 east 63rd street new york, ny 10021 employer identification number: 13-0951670 for the year ended august 31, 2014, the leash hereby elects, pursuant to sec. 168(k)(2)(iii), not to claim the additional depreciation allowable under irc sec. 168(k) for all qualifying 5 year and 7 year property placed in service during the tax year ending august 31, 2014.”