New York Athletic Club

“The new york athletic club was incorporated as a membership organization. The categories of membership are comprised of the following categories: life, senior, resident, past presidents, non-residents, associate, children of members, athletic, clergy, olympic champion, military service and honorary and special.”

“The nominating committee submits a slate of candidates to the board to be voted on by the members. The governors and officers are elected by the members at the annual meeting. The class of voting members shall comprise the following categories: life, senior, resident and past president. The board of governors shall fill, by appointment, any elective office that shall become vacant prior to the expiration of the term of such office and until a successor is elected.”

“The constitution may be amended by vote of two-thirds of the voting members of the club present in person or by proxy at any meeting, provided that such proposed amendment shall first be sponsored by (1) the board of governors, upon a two-thirds vote of the board, or (2) the voting members of the club.”

“Management prepares the 990. Upon completion, the club's independent accountants and director of finance review and approve the 990 for submission to the a&a committee for review. The a&a committee at a special meeting reviews the 990 in detail with management. Upon approval by the a&a committee meeting, the accounting chair reviews the form 990 in detail with the board, where management is also in attendance. After that review, the board approves filing the 990.”

“The conflict of interest policy is distributed to governors, officers, key employees and committee members annually. All such individuals must attest that they are not engaged in any conflict of interest as defined as: "no officer, governor or committee person of the club shall directly or indirectly, benefit financially from or become interested in any contract or transaction relating to the operation and/or real estate of the club or in any contract or transaction for the furnishing of supplies or services thereto". If there is a conflict, the transaction must then be authorized by the vote of two-thirds of the entire board of governors, exclusive of the vote or votes of any interested governor. The club has interpreted the phrase "officer, governor or committeeman" to include their spouse, children, parents, siblings or a person whom they have a business or professional relationship and/or each firm in which they shall have a present or potential interest. The signed conflict of interest policies are reviewed by the director of finance and administration.”

“The club uses a compensation committee which uses compensation surveys of comparable data as part of its review along with other pertinent information, in functionally comparable positions at similarly situated organizations. The compensation committee performs an annual review of the executive committee employee salaries and submits a summary review for the board to approve.”

“The club does not make its governing documents, conflict of interest policy or financial statements available to the public, however the club's financial statements are provided to all club members annually.”

“The new york athletic club (the "club") is a corporation as defined in subparagraph (a)(5) of section 102 of the not-for-profit corporation law of the state of new york and is a private membership organization. The club is a type a not-for-profit corporation under section 201 of the n.y. Not-for-profit corporation law. The purposes of the club, not for pecuniary profit or financial gain, are to promote sports, exercise, and athletics of every kind and to encourage physical fitness.”