Oneida Golf and Country Club Inc

“The club utilizes troon golf, llc to manage and operate the club's facilities, including the 18-hole golf course, tennis courts, swimming pool, dining room, bar, shack and cabana. Troon golf is compensated a base management fee of 155,000 annually with potential increase for inflation (see part vii, section b for 2024 figure). In addition, an incentive management fee would be paid if certain gross operating profit targets are met. In addition, the club reimburses troon golf for troon golf's employees, including all related employee benefits and payroll taxes. The club does not have any of its own employees, rather troon golf employs all workers. Reimbursements to troon golf of 3,199,839 are included on part ix, line 11g, "other services". The total amount of reimbursement has also been provided in part vii, section b.”

“The club limits membership to 475 member-shareholders of which no more than 300 shall be golf members. Member-shareholders have the privilege of utilizing the facilities of the club. In addition, 1/3 of the board of directors is elected by the member-shareholders each year. The member- shareholders do not elect the officers, however.”

“The 11 board of directors are divided into three classes of four members each with the terms of office for each class expiring annually. Each year, four replacement directors are elected by the member-shareholders to repalce the departing directors. Upon the death, resignation, or other removal of a director during term, the board of directors elects the successor.”

“Any changes in the golf course master plan must be approved by a majority of the member-shareholders. By-laws may be amended or repealed by a 2/3 vote of the member-shareholders. In the event of any liquidation, dissolution, or winding up of the club, assets are first to be distributed to preferred stockholders with any excess funds or assets then distributed to the common stockholders.”

“The finance committee is presented the form 990 and the finance committee then approves the form 990. Upon approval, the form 990 is subsequently filed.”

“The club's financial statements are available to the public upon written request.”

“Payroll and benefits 3,266,657 0 0 less: 990t expenses -358,266 0 0 non-member golf payroll and benefits 343,425 0 0 0 0 0 non-member food/bev. Payroll and benefits 14,841 0 0 total 3,266,657 0 0”