The Standard Club

“There are two categories of membership: proprietary and non-proprietary. Proprietary and non-proprietary members shall have the right to vote at membership meetings and shall have the right to hold office. Proprietary members shall be deemed owners of the property of the club and non-proprietary members are deemed to have no ownership interest in the property of the club. Only proprietary members in good standing shall have the right to vote upon the sale, exchange, conveyance, transfer, mortgage, or pledge of all, or substantially all of the assets and properties of the club, or upon dissolution, or winding up of the club.”

“The following membership categories have voting privileges: proprietary and non-proprietary members of any class, in good standing, shall have the right to vote at membership meetings and shall have the right to hold office. The membership votes for which members are elected to the board of governors. The board members shall elect members in good standing to fill vacancies in the board to serve until the next annual meeting of the club.”

“Both proprietary and non-proprietary members have the right to vote at membership meetings. Only proprietary members, in good standing, can vote upon the sale, exchange, conveyance, transfer, mortgage, or pledge of all, or substantially all, of the assets and properties of the club, or upon dissolution, or winding up of the club.”

“After the form 990 is prepared by an outside cpa firm, the form is first reviewed by the general manager and controller for accuracy. The form is then presented to the treasurer, who can report its contents to the executive board. The club president then signs the return.”

“All officers, directors, and key employees are required to sign a conflict of interest form upon hire, and must update it monthly, if any changes occur.”

“The general manager position is reviewed by the president of the board and the club's attorney. The golf pro, golf superintendent, and tennis pro positions are reviewed by the general manager, with contracts set up by the president of the board and the club's attorney. Comparable compensation data is used for similar qualified persons in comparable positions at similar clubs.”

“The club provides copies of form 990 and form 1024 upon request.”

“Copies of the governing documents can be obtained on the club's website or upon request. The conflict of interest policy and the financial statements will be made available via inspection at the club.”

“Proprietary certificates 138,250. Capital charges and assessments 112,494.”