Twin City Cloud 7 Inc

“Line 6: ther organization has two classes of owners. Active owners elect the board of directors and the organizations officers and trasact any other business that may properly be come before them at the annual meeting or special meetings as called in accordance with the organizations bylaws. All assessments exceeding $100 per owner must be approved by a majority vote of active owners. Inactive owners are ineligible to vote or be counted for purposes of a quorum, and are excused from paying quarterly variable expenses. Assesments are levied equally against both classes of ownership. Both classes of ownership would receive an equal share of the net assets of the organization upon dissolution. Line 7a: active owners, as described above, elected 6 of its 11 directors to two year terms, and all four of its officers to one year terms at its annual 2018 meeting. Line 7b: active owners, as described above, approve any assesments exceeding $100 per member. Addditionally, all significant captial investments that are likely to require assesments are subject to a vote of the ownerership. Line 8b: the organization had no commitees at the end of 2020. Line 11b: form 990 was perpared by a private tax preparer and distributed to the board of”

“Additonal owners are controled by current owners selling their ownerership on the open market or to the organization. The board has to approve an increase in allowable owners.”

“Governing body decisons have been described above and follow the clubs bylaws.”

“The organization currently has no committee meeting or authorized committees as of 12/31/2020”

“The board of directors reviews the prepared form 990 return and approves its filing.”

“Governing documents and financial statements are posted on a private website for review by its owners, and are available upon rquest for prospective owners.”

“A discovery of several data entry errors had eliminated 2022 revenues. Amendment makes those corrections.”

“Adjustment for forgiven eidl ppp forgivness”

“Internet and server hosting”

“Schedule o line 24e list four categories for normal functional expenses for the organization and reoccur each year”