Crescent Boat and Social Club Inc

“Form 990 part vi, section a, line 6: the organization has no stockholders but is comprised of base members who dock boats at the facility, non base members who do not dock a boat at the facility-both of which hold voting rights and social, senior and honorary members who have no voting rights.”

“Form 990, part vi,section a, line 7a,: members descrobed in part vi, (a)(6) who hold voting rights, e;lect the officers and board of directors annually.”

“Form 990, part vi, section a, line 7b: many operational and procederal decisions of the board of directors and or officer of the organization requiring approval by membership according to the bylaws of the organization, are approved by the voting membership during monthly scheduled membership meetings.”

“Form 990, part vi, section a, line 8b, committees do not have authority to act on behalf of the govering body. Committees only provide recommendations to the governing body and the voting membership for the approval.”

“Form 990 part vi, section b line 11b: the organizations returns were prepared by certified public accounting firm from records produced by the treasurer of the organization. The completed return was provided to the charimane of the board for distribution to all directors. After final review of the return during a joint meeting between the cpa firm and treasurer, the returns were signed by the treasurer of the organization.”

“Form 990, part vi, section c, line 19: as indicated on line 18 of this section, the returns are made available upon request. Returns are archived on premise with which officer and board members have access as needed to provide upon request to the general public.”

“Loss on disposal on assets”