St Thomas Yacht Club Inc

“Classes of members or stockholders. The organization is a membership organization.”

“Election of members and their rights. Members elect officers and a board of governors at an annual memebership meeting which is held the second wednesday of november each year. The secretary sends a notice to every member at least ten days in advance of the meeting date.”

“Decisions subject to approval of members. The board of governors the board or the governors shall have the general charge and control of the rules, policies and finances of the club, except as limited herein. All rules shall be reviewed, revised as approriate, and submitted in writing at least once every two years. The board of governors shall review and approve or modify such submissions within four months of submission. Any purchase of real estate or construction in excess of 50,000 when recommended by the board must be approved by a majority of the members of the club in attendance in person or by proxy at a regular or special meeting duly called in accordance with article viii of the by-laws. Any sale of real estate shall have prior approval of sixty-five percent of the voting members.”

“Organizations process of review form 990. Form 990 is reviewed and approved by the treasurer prior to filing.”

“Governing documents disclosure explanation. No forms or documents are made available to the public.”

“Program Service Expenses 353,994, Grants and allocations 0, Revenue 329,806 THE RACE / SAILING PROGRAM INCLUDES PUBLICLY SPONSORED RACE ACTIVITES AND INTERNANTIONAL ACTIVITIES RELATED TO THE PROMOTION OF SAILING IN THE US VIRGIN ISLANDS.”

“Program Service Expenses 29,982, Grants and allocations 0, Revenue 27,614 THE COURT SPORTS PROGRAM INCLUDES TENNIS AND OTHER COURT SPORTS.”

“All other accomplishments calculated expenses.”

“Other expense detail. All other expenses are management and general house expenses not covered under any other category.”