Cherry Hills Country Club

“The executive committee shall be composed of the current president, the immediate past president. The president-elect, the secretary and the treasurer of the club it may formulate and recommend overall policies and by-law changes to the board of directors regarding the affairs of the club the committee shall review the proposed budgets submitted by the general manager and make such revisions therein as it deems necessary before recommending formal adoption thereof to the board of directors the committee shall handle such emergency or other matters as are delegated to the committee by the board or directors for final action subject to late ratification by the full board of directors. The executive committee may act for the board in emergency matters where it is not practical or feasible to convene a meeting of the full board all members of the executive committee are on the board of directors, except the immediate past president”

“The cherry hills country club (the "club") was incorporated as a membership organization.”

“A nominating committee is formed and then determines a slate of officers the members with voting rights have the right to vote on the slate at the annual meeting the following types of member classes have voting rights 1 resident 2 senior 3 life 4 honorary for life.”

“As per article iii section 3. Of the bylaws: the following actions require a majority vote of the members actually voting at an annual or special meeting of the club called for such purpose: (a) to mortgage the property of the club in any amount (b) to purchase, sell, exchange any assets having a price of $5,000,000 or more, or make any non-maintenance or non-replacement related capital expenditure or associated capital expenditures totaling $5,000,000 or more in any 12-month period which $5,000,000 limit shall be indexed and adjusted annually, to begin january 1,2024 using the official government consumer price index: provided, however, the provisions of sections 3(a) and (b) requiring a membership vote shall not apply to purchase of any strategic real property (and any property-specific mortgage or other financing) so long as there is to be no assessment of the membership in connection with such purchase. (c) to alter the categories of the club membership or change the number of members permitted in any particular category of membership; and (d) to hold more than one major, national professional golf tournament at the club during any ten-year period.”

“The president, treasurer, chief financial officer, and general manager review the tax return in detail, and then a copy is provided to the board of directors before filing of the form 990.”

“The club has a conflict of interest policy for the members of the governing body collected by the club's attorney annually.”

“The current general manager was hired in 2017 relative to determining his compensation, a process has been developed that includes - annual performance reviews of the general manager performed by the president and president-elect the executive committee approves compensation, and a file is maintained and passed on from one president to the next the head golf professional and grounds superintendent undergo annual performance reviews as directed by the organization's by-laws after the performance reviews are completed, the independent executive committee reviews comparative data locally, regionally, and nationally, using mountain states employer's council salary surveys, and club benchmarking data in order to determine compensation the appropriate documentation is maintained to substantiate determined compensations.”

“The club does not make its governing documents, conflict of interest policy, and financial statements available to the general public.”