St Joseph River Yacht Club

“ORGANIZED WITH MEMBERS.”

“Voting members elect the board of directors and officers for 3 year terms.”

“Voting members have one vote per membership when ratifying any decisions required to be voted on by the membership.”

“990 reviewed by the treasurer & provided to the board of directors & members upon request.”

“3. Procedures for addressing the conflict of interest. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the governing board or committee shall determine whether sjryc can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in sjryc's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“Governing documents are provided to members periodically through organization communications or upon request.”

“Bank & credit card fees 38,580 0 0 sales tax 33,370 0 0 pool supplies & exp 18,310 0 0 linen & equipment rental 7,543 0 0 sailing program expenses 4,101 0 0 trash hauling 3,606 0 0 cable tv 3,238 0 0 licenses & fees 2,691 0 0 dues, subscrip & membersh 2,490 0 0 bar & galley equipment 2,181 0 0 telephone 2,152 0 0 miscellaneous 1,662 0 0 security 1,568 0 0 internet 1,304 0 0 swim team expenses 896 0 0 decorating 874 0 0 awards 320 0 0 training/uniforms/testing 318 0 0 total 125,204 0 0”