Hanover Seaside Club

“Members”

“The Hanover Seaside Club has two membership classifications - Regular and Seasonal. Regular members are entitled to hold office, are subject to assessment, and have the power to vote as defined in the Club Constitution, including the election of officers and at-large members of the Club Board of Directors. A Seasonal member is not entitled to any of those privelEges and may not be assessed but pays the same initiation fee and annual dues as Regular Members. Seasonal members may serve on Standing Committees.”

“Decisions subject to the approval of members are defined in the Hanover Seaside Club Constitution and include election of the Board of Directors and the approval of annual and special assessments.”

“The 990 is prepared by a CPA and then provided to the full governing body in draft form for review and comment prior to filing.”

“The General Manager's compensation is determined by the Board of Directors and is based on compensation for comparable positions in social clubs of similar size and scope in similar regions of the United States.”

“Documents required to be open for public inspection are available from the organization upon request.”

“Bank & Merchant Fees: Program service expenses 31,885. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,885. Janitorial: Program service expenses 16,722. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,722. Disposal of Fixed Assets: Program service expenses 15,088. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,088. Expenses related to Supporting income : Program service expenses 3,736. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,736. Supplies: Program service expenses 3,694. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,694. Capital purchases less than 5K: Program service expenses 3,587. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,587. Office & Other: Program service expenses 3,378. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,378. Storage Unit: Program service expenses 1,485. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,485. Dues, Licenses: Program service expenses 687. Management and general expenses 0. Fundraising expenses 0. Total expenses 687. Contract Labor: Program service expenses 600. Management and general expenses 0. Fundraising expenses 0. Total expenses 600. Equipment Lease: Program service expenses 308. Management and general expenses 0. Fundraising expenses 0. Total expenses 308.”

“Cummulative effect of Accrual to Cash -37,815.”