The Forest Club

“The compensation of key employees is reviewed annually by the board of directors. The board does not include a comparability study of the compensation with other similar organizations. Furthermore, there is no conetemporaneous substantiation of the deliberation and decision as no details of the decision or amounts of compensation or bonuses are recorded in the board minutes. Therefore, 990 part vi, line 15b is marked no.”

“The top management official is not compensated and therefore, 990 Form 990 Part VI Line 15 a is marked no.”

“Due to the organization's size, management does not believe that it is necessary to have a written conflict of interest policy.”

“Due to the organization's size, management does not believe that it is necessary to have a document retention and destruction policy.”

“Due to the organization's size, management does not believe that it is necessary to have a whistleblower policy.”

“There are five classes of membership: Resident, Junior, Non-Resident, Senior and Associate. The Resident is the only member allowed one voting right and ownership in the assets of the Club. The Senior Membership is separated into three categories - Senior Resident, Senior Endowment, and New Senior Membership.”

“The forest club's board of directors is elected by members eligible to vote at the annual meeting of the members of the club which is held annually on the second wednesday of november.”

“The form 990 is prepared by an outside accounting firm and reviewed by the business manager and the treasurer before filing. The return is then provided to the full board of directors prior to filing at a board meeting in the normal couse of business.”

“The books and records, including form 990, is made available to the general public upon request.”