Estero Country Club Inc

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

“The following membership categories have voting privileges: gold, silver, senior, and 2-year widow downgrade golf equity members, sport equity members, and social equity members. Gold, silver, senior, and 2-year widow downgrade golf equity members receive 4 votes, sport equity members receive 2 votes, and social equity members receive 1 vote.”

“The following decisions of the board of directors are subject to membership approval: 1 - changes to the number of golf equity members, sport equity members, or social equity members. 2 - changes to the rights of lessees of an owners' community unit to be designated to use the club facilities. 3 - changes to the restrictions or limitation on assessment of memberships for dues, charges and assessments or on the use of privately owned golf carts. 4 - changes to the rights of guests of members to use the club facilities. 5 - changes to the rights of owners of units in the community who are members to arrange for the club to reissue their resigned memberships to their subsequent purchasers. 6 - changes to the eligibility to acquire memberships. 7 - changes to bylaws, article xxi, section 2.”

“The controller, general manager and treasurer review form 990, in its entirety, and discuss with its outside cpa preparers prior to filing of the form as necessary.”

“Officers, directors and key employees are required to report any conflicts to the general manager. The general manager must report any conflicts to the president. In addition, independence, conflicts, and confidentiality are discussed on a regular basis at board meetings and staff meetings.”

“Annually, each employee, including the general manager, top management, and key employees have their compensation reviewed. The general manager provides the president and treasurer with the proposed compensation adjustments for each employee. The starting point is independent, comparable data for the particular position and then adjusted based on performance over the past year. The president and treasruer use the same procedure and independent data to determine the general manager's compensation.”

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

“The governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“Membership transfers and other membership activity, net 867,406. Capital improvement assessment 892,444. Clubhouse renovation assessment 718,310. Hurricane reserve assessment 65,820.”