Hidden Valley Country Club

“Line 6 explanation - the organization has several membership classifications. Only the memberships classified as regular equity members have voting privileges. The maximum number of regular equity memberships is 446 members. A regular equity member and spouse and the regular equity member's single sons and daughters under twenty-five years of age has all privileges afforded by the club.”

“Line 7a explanation - directors are elected by a plurality of the votes cast by regular equity members. The members of the board serve staggered terms of office whereby three directors are elected each year. All the business and affairs of the club are managed under the direction of the board of directors, subject to any limitation set forth in the articles of incorporation and the bylaws. The general manager is appointed by the board. The general manager manages the affairs of the club subject to the direction of the board. Each officer with discretionary authority discharges his or her duties in a manner the officer reasonably believes to be in the best interest of the club.”

“Line 7b explanation - capital expenditures - approval by a vote of the regular equity members is required before capital expenditures can be made in excess of the funds available in the asset maintenance fund or that would require assessments or increased dues by the club. Indebtedness - approval by a vote of the regular equity members is required before the board of directors can authorize or approve any indebtedness other than amounts incurred in the ordinary course of business.”

“Line 11b explanation - a copy of form 990 is provided and reviewed by the executive committee before it is signed and mailed in to the irs.”

“The general manager's compensation is reviewed on an annual basis by the club's president and vice-president. Compensation is based, in large part, on industry standards.”

“The financial statements are provided annually to the club's regular equity members.”

“Misc: program service expenses 53,980. Management and general expenses 156,713. Fundraising expenses 0. Total expenses 210,693. Property taxes: program service expenses 172,701. Management and general expenses 31,605. Fundraising expenses 0. Total expenses 204,306. Repairs & maintenance: program service expenses 140,960. Management and general expenses 0. Fundraising expenses 0. Total expenses 140,960. Professional fees: program service expenses 0. Management and general expenses 89,563. Fundraising expenses 0. Total expenses 89,563. Bank charges: program service expenses 1. Management and general expenses 43,858. Fundraising expenses 0. Total expenses 43,859. Uniform expense: program service expenses 31,480. Management and general expenses 2,156. Fundraising expenses 0. Total expenses 33,636. Small equipment: program service expenses 27,192. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,192. Commission expense: program service expenses 22,963. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,963. Dues & membership: program service expenses 5,634. Management and general expenses 17,174. Fundraising expenses 0. Total expenses 22,808. Telephone: program service expenses 16,892. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,892. Taxes & licenses: program service expenses 0. Management and general expenses 12,590. Fundraising expenses 0. Total expenses 12,590. Security: program service expenses 0. Management and general expenses 8,150. Fundraising expenses 0. Total expenses 8,150. Postage: program service expenses 1,155. Management and general expenses 5,797. Fundraising expenses 0. Total expenses 6,952. Tournament expenses: program service expenses 3,706. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,706. Contract labor: program service expenses 3,568. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,568. Pga expenses: program service expenses 2,767. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,767. Meetings & hospitality: program service expenses 0. Management and general expenses 805. Fundraising expenses 0. Total expenses 805. Amortization: program service expenses 0. Management and general expenses 504. Fundraising expenses 0. Total expenses 504.”