Bogus Basin Recreational Association Inc.

“The Executive Committee is composed of all members of the Board of Directors who are elected officers of the Board. Whenever the Board of Directors is not in session, the Executive Committee has and may exercise such power of the Board of Directors as may be delegated to it by a standing resolution of the Board of Directors which may include all of the powers of the Board of Directors. The Chair acts as Chair of the Executive Committee.”

“Any person who is a bona fide resident of the State of Idaho is qualified to be a member of the Association upon complying with the following conditions: (1) application for membership in the Association, and (2) approval of membership through affirmative action by the Board of Directors, and (3) payment, if any, of the annual membership fee. There are four classes of members: Regular, Board Emeritus, Lifetime, and Ex-officio. Regular, Board Emeritus, and Lifetime Members are referred to as "Active Members." All Active Members have full voting privileges on all issues coming before the Membership.”

“Not less than thirty days preceding the Annual Meeting of Members of the Association, the Nominating Committee nominates a slate of Active Members of the Association who it recommends for election to the Board seats which are to be filled. Any Active Member may nominate any qualified Member of the Association for election to the Board of Directors by written notice given to the Chair not less than ten days prior to the date of the Annual Meeting, and the Chair gives notice to all Active Members of the Association of such additional nomination. In such event, written ballots are cast at the Annual Meeting with each Active Member present at the Annual Meeting, entitled to vote.”

“A copy of the Form 990 is provided to the organization's governing body for review prior to filing.”

“Directors and Officers annually complete a form discussing conflicts of interest. All responses are reviewed by the President and Director of Finance. Any issues or questions would be referred to the Chair of the Board and any potential conflicts are discussed at the Board level and appropriate action taken.”

“Any increases in compensation for the President & General Manager (CEO) and Director of Finance are completed at the Compensation Committee level and done consistently with the Compensation Policy and Standing Resolution for the Committee. The Organization's management receives a copy of the annual salary survey data from the National Ski Area Association's salary survey. The process, deliberation and decision is documented in meeting minutes and personnel files. Formal reviews are completed annually.”

“Documents are available to the public upon request.”

“Change in fair market value of interest rate swap 201,936. Change in value of beneficial interest in assets held by others 4,044.”