Azionaqua Club Inc

“There shall be (1) one class of membership in the Aqionaqua Club, Inc. This class shall consist of persons intrested in the objective of this corporation who are of good moral character, who meet the eligibility requirements established from time to time by the Board of Directors, and who have applied and been approved for membership by the Board of Directors.”

“An annual meeting of the members will be held on the fourth Tuesday in the month of August, for the purpose of communicating with the membership, sharing updates on corporation activity, informing the election of Directors, and the transaction of such other business as may come before teh meeting. Special meetings of the members may be called by the President, a majority of the board, or by petition stating the purpose of the requested meeting signed by at least twenty members having voting rights. A regular annual meeting of the Board of Directors shall be held without other notice than these By-laws, within (30) thirty days after the annual meeting of memebers.”

“Decisions subject to approval of members the Board of Directors shall have the power to make and alter the By-laws, including the fixing and altering of the number of directors. These By-laws may be amended only by the affirmative note of a majority of the Board of Directors with notice of the proposed amendment provided to Directors at least (3) days in advance of such meeting. The Board of Directors shall select a President, one or more Vice-President(s), a Secretary, and a Treasurer. The Board shall have the power to appoint such other officers and agents as the board may deem necessary for transaction of the business of the corporation. Any officer or agent may be removed by the Board of Directors whenever in the judgment of the Board the interest of the corporation will be served thereby. The board shall also have power to fill any vacancy in any office occurring for any reason whatsoever.”

“Form 990, Part I, Line 6 Member parents of swim team members may volunteer at swim team meets to perform duties necessary to run the meet. For example, they may record times, clock lane times, announce events, or perform officialing services. No members are compensated for their volunteer services.”

“Organizations process to review Form 990 The Azionaqua Club, Inc. Board Members review a draft of the Form 990 as prepared by a CPA / EA. After the Boards review and approval of the tax return, the tax return may be filed with the appropriate Federal and State government income tax agencies and made available for public review.”

“The Board of Directors reviews the compensation of salaried and hourly employees with compensatoin packages currently available and published from comparative entities. The current pay grade for the top management office, the Pool Manager, is reviewed by the Board of Directors with the top management official recusing themselves from the vote. Every member and officer of the Board of Directors volunteer their service and are not compensated for the performance of their duties as a Board Member. Their duties are described in the By-laws of the corporation.”

“Salaried employees and coaches are paid based on several variables such as years of experience, activity attendance, comparable salaries, and certifications.”

“Governing documents disclosure explanation available upon request.”

“Includes expenses not covered by itemized list in return.”

“Form 990 - Organizations Mission Azionaqua Club, Inc. is a member-owned not-for-profit swim club that promotes fun, fitness and relaxation for its members and community in a safe, family-friendly environment.”