Genesee Yacht Club Inc

“GYC is a member organization.”

“ARTICLE IX - ACTIONS REQUIRING MEMBERSHIP APPROVAL A. The following actions shall require two-thirds (2/3) approval of the total membership of the Club: 1. Purchase, sales, leasing, or mortgaging of any real property; 2. Amendment of this constitution; 3. Levying of assessments against the membership; 4. Capital improvements exceeding 50 percent of the current annual budget; 5. Merger, consolidation, or dissolution of the Club. B. Any action requiring two-thirds (2/3) approval shall be submitted to the membership for voting by written ballot for return by a specified date no less than 15 days and no more than 60 days thereafter. Any ballot not so returned may be voted by the executive board acting as a board if such ballot so states on its face. 7 C. All other actions requiring membership approval may be authorized without prior notice except action under Article X by simple majority of the members present at the meeting. D. Proxy voting shall not be permitted except as provided in Paragraph B of this Article.”

“There are no other committees with authority to act on behalf of the governing body.”

“The Treasurer will review the Form 990 and then share with the Board prior to filing.”

“GYC provides each officer and director with the conflict of interest policy when they are elected or appointed. The policy is also reviewed annually. If a potential conflict with any officer or director arises, the organization follows the conflict of interest policy and documents that in meeting minutes.”

“The Organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”