Burl Oaks Golf Club Inc

“Golf members are entitled to one share of stock in the Club. A membership in good standing is also entitled to one vote. Owners of golf memberships in good standing shall be entitled to vote, hold office, and to serve on the Board of Directors. Junior members shall have all of the privileges of a golf membership, but shall not be entitled to vote, hold office, or serve on the Board of Directors, unless the junior member is the owner of a share of stock. Tenured senior members, senior option members, and corporate members shall have all of the privileges of a golf membership, but shall not be entitled to vote, hold office, or serve on the Board of Directors. Social members shall not be entitled to own stock, vote, hold office, or serve on the Board of Directors.”

“At the annual meeting any member with stock ownership that is in good standing may vote for members of the governing body, with the exception of the senior members who do not have voting rights.”

“The organization has no committees with authority to act on behalf of the board.”

“The club receives a draft Form 990 from their accountant which is initially reviewed by the President, Treasurer, and Director of Clubhouse Operations. A copy of the Form 990 is provided to the Board of Directors prior to filing with the IRS.”

“The Board of Directors review potential conflicts on an annual basis. The conflict of interest policy covers the Board of Directors and staff. Any individual with a conflict of interest must abstain from voting.”

“The head golf professional's, Grounds Superintendent's, and Director of Clubhouse Operations compensation is reviewed each year by the executive committee, consisting of the President, Vice-President, Secretary, Treasurer and Member-at-Large as selected by the President. The executive committee makes all recommendations in regard to compensation for these individuals. The executive committee uses comparability data gathered from other club managers during this process.”

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

“Change in Members Equity -37600.”

“The Board of Directors has oversight of this item.”

“Exchange of Equity for Golf Passes - 4,500. Exchange of equity to pay accounts receivable -16,050. Equity Traded For Dues - 2,820 Resigned before Three Years 4,000. Redemption after Three Years - 2,000 Total to Form 990, Part XI, Line 9 -21,370.”