Saturn Club

“The club has several membership classes including resident, non-resident, clergy, military, veteran, honorary, widow, class e (garret club members), special widows, associates, spousal, and guest members.”

“Members of the faculty (our governing board) are elected by the membership annually for a three year term. Voting classes are resident, non-resident, clergy, military, honorary, spousal, and veteran members. Associates, class e, guest members, widows and special widows do not have voting privileges.”

“Decisions that change or modify the club's constitution such as dues increase or modification of the operating assessment levels, require a special meeting of the membership. Adding a new class of membership is another example of a decision that would require a vote of the membership. Members with voting privileges are noted above. Special meetings are called by notice to the membership ten days prior to special meeting and posted in the clubhouse. Fifty voting members constitute a quorom at any meeting. The constitution may be amended by a vote of 3/4 of all the voting members present at such meeting.”

“This 990 is reviewed and signed by the club's general manager and reviewed by the governing board.”

“The club's conflict of interest policy is monitored and discussed at "faculty" meetings of the governing board.”

“The general manager's salary is reviewed by the governing board under the direction of the dean and bursar. Performance goals are set each year and monitored throughout the year to determine any salary adjustments and annual bonus amounts. Any changes to the general manager's compensation package is communicated to the club's controller in writing.”

“The saturn club does not make governing documents available to the general public. Annual financial statements are provided to the membership and to financial institutions with whom the club transacts business.”

“The process has not changed from the prior year.”