Hole-In-The-Wall Golf Club Inc

“The organization club is a private member-owned club that is owned and operated for the pleasure and recreation of its members.”

“Regular members can participate in the election of the directors.”

“Capital improvement and additions to the facilities in excess of $100,000 are subject to approval of a majority of regular members (rms). Capital assessments due to a natural disaster or emergency in excess of $1,000 per rm must be approved by a majority of rms. Capital assessments not due to a natural disaster or emergency or, not due to initiation fees from new member admissions in a given year being insufficient to support capital funding requirements necessesary to replace, repair or maintain the then existing facilities of the club and also exceeding $400 per rm must be approved by a majority of rms.”

“The organization does not believe it is effective or efficient to require the entire governing board to review form 990 before filing. Although the bod receives a copy of form 990, the bod delegates a review of form 990 to the finance committee. A draft copy of form 990 is emailed to the finance committee and the bod in advance of the due date, providing adequate time for review and questions. The finance committee approves the filing of form 990. The bod ratifies the finance committee's approval to file.”

“Each year, all bod members complete the club's conflict of interest disclosure agreement. Any conflicts would then be monitored and reviewed by the cfo and bod. The club has created a culture of ethics and trust with the bod setting the right tone. Conflicts of interest are avoided at all costs. Established policies are clear about what constitutes a conflict of interest and which need to be disclosed. Management is aware of who interested persons are, and what type of relationships represent conflicts of interest.”

“The club has a human resource committee (the commmittee) which is chaired by a bod member and consists of at least (4) club members with primary responsibility to review and monitor all compensation and benefits for all employees. Annually, the committee reviews recommendations for compensation adjustment, merit increases, bonuses, and other benefits for the club's employees. Independent compensation survey and benchmarking analytics, which include both local and national industry data, are utilized by the committee to assist with the determination of salaries, wages and benefits. The committee then shares its findings with the respectinve chairpersons of committees that oversee each department; golf, maintenance, house and administrative. These chairpersons, with the support of the human resource committee, then make salary, wage and benefit recommendations to the bod for final approval.”

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

“Copies of the governing documents, conflict of interest policy, and financial statements are made available upon request and via inspection at the club. Copies of the governing documents and financial statements are avaialable on the club's website.”