Barnegat Light Yacht Club

“The club is a close knit community and it is commonplace to have multiple generations of families belong as members.”

“The organization is comprised of various groups of members. Each member group has a certain set of responsibilites set forth in the organization's bylaws and procedural materials.”

“Trustees, who comprise the governing body, are divided into three classes, each class consists of three Trustees. Each class shall hold office for a period of three years and until their successors shall be elected, with one class to be elected by the voting members at each annual meeting of members.”

“All members can be reached at the organization's mailing address.”

“Although a copy of the final form 990 is not provided to the governing body before it is filed, a formal treasurer report is conducted at every members and trustees meeting. Copies of the financials, including income statement, balance sheet and annual budget are handed out to all members in attendance, and available upon request to any member at any time. They are also filed with the minutes. Year-end financial statements are distributed electronically to all trustees, officers and flag officers. It is these financials that are sent to our external accountants for form 990 completion. The final prepared tax return is filed on record with the co-treasurer and is available upon request at any time for review by membership.”

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public. Documents are available upon request.”