Hudson River Sloop Clearwater Inc.

“The membership of the corporation shall consist of persons who are interested in advancing the purpose of the corporation and who pay minimum annual dues, as set from time to time by the board of directors. The membership shall control the corporation through the annual election of directors.”

“The membership shall control the corporation through the annual election of directors.”

“Whenever the board of directors shall decide that a question submitted for its decision is of such importance that it should be submitted to a vote of the corporation, the board shall: submit to the secretary, in writing, such question, formatted and worded precisely as it is to be finally presented; direct the secretary to include such question on the regular ballot for comment or direction; or, if the board should order such a question to be included on the ballot for vote, the board should direct the secretary to distribute the ballot and canvass the vote in the same manner as for the annual election of directors. A majority vote of all ballots shall decide the question. The board shall upon the written request of fifty members of the corporation submit to vote any question that they propose. Amendments to the by-laws may be proposed by petition of any five members of the board of directors or any fifty members of the corporation. If such an amendment is approved by the board, it shall be submitted to the corporation for a referendum vote. Such a vote could take place at the same time as the election of the board, or at any other time set by the board, and in accordance with the procedures set forth in article xi. If approved by two-thirds of those voting, such amendment will become part of these by-laws.”

“At a monthly meeting of the finance committee the organization's outside accountant will review the form 990 with the entire committee. Any questions will be discussed with the organization's outside accountant. Subsequent to such review the finance committee will present the form 990 to the board at a monthly board meeting and the board will vote to approve the form 990 prior to filing with internal revenue service.”

“Board members are responsible for revising and updating disclosures annually or as new potential conflicts arise.”

“A compensation committee which consists of different board members decides the compensation.”

“Governing documents are made available on request.”

“We had volunteers sail aboard clearwater and the mystic whaler. Clearwater's volunteers fill week-long spots and assist with three main tasks: education, cleaning, and sailing. We also have volunteers during the year doing regular office clerical work.”

“More than 150 people volunteer as crew and educators aboard the sloop or our sister ship, the mystic whaler, living on board for one or more weeks at a time. Estimating an eight-hour day for each volunteer, they donate a total of approximately 7,000 hours. Valuing the contributions of crew and educator volunteers at 10 per hour, they donate approximately 70,000 in volunteer time not included in the organization's financial statements or form 990.”

“Educational programs - "sailing classroom- and environmental education programs serving children and adults. Public awareness - distribution of relevant river water quality information”

“Professional services 22,425 0 5,886 program consultants 52,690 12,300 75,492 payroll processing 298 5,141 3,511 financial services 174 3,002 2,050”

“Losses reported on return -115,152 special event expenses 49,682 merchandise inventory expenses 9,299 special event expenses -49,682 merchandise inventory expenses -9,299 total -115,152 other losses in the amount of 115,152, reported on form 990, schedule d, part xii, line 2c, relates to write-off of contribution receivables from prior years.”