Peninsula Golf Association Inc.

“ORGANIZED WITH MEMBERS”

“Any person may become a member of this corporation upon making application therefore, and paying the appropriate fee or dues established by the board of directors from time to time. Family memberships may be made available by the board of directors, and such memberships may consist of spouses and/or parents and their minor children. Each individual member shall be entitled to one vote in the corporation, and each family membership shall be entitled to one vote for each adult member, up to a maximum of two votes.”

“Members elect other members to the board of directors at an annual meeting held in august of each year.”

“Officer reviews details of return prior to signing and filing.”

“No contract or other transaction between the corporation and one or more of its directors shall be void or voidable because of such relationship or interest, or because such director or directors are present at the meeting of the board of directors, or a committee thereof, which authorizes, approves or ratifies such contract or transaction or because his or their votes are counted for such purpose, if (1) the fact of such relationship or interest is disclosed or known to the board of directors of committee which authorizes, approves or ratifies the contract or transaction by a vote or consent sufficient for the purpose without counting the votes or consents of such interested directors; or (2) the fact of such relationship or interest is disclosed or known to the directors entitled to vote and they authorize, approve or ratify such contract or transaction by vote or written consent; or (3) the contract or transaction is fair and reasonable to the corporation. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the board of directors or a committee thereof which authorizes, approves or ratifies such a contract or transaction.”

“Manager compensation determined by committee and subject to review by president.”

“The organization makes its governing documents, conflict of interest policy and financial statements are available to the public upon written request.”

“Organized and operated exclusively for, and its activities shall be limited to, charitable, scientific, literary and/or educational purposes. The corporation's specific purpose shall be supporting, assisting, and promoting the wisconsin department of natural resources with interpretive, educational and related visitor services at peninsula state park, fish creek, wisconsin.”

“Book to tax depreciation 23,038 tax to book adj -68,798 total -45,760”