Samena Club

GOVERNING BODY & MANAGEMENT: MEMBERS OR STOCKHOLDERS

“Form 990, part vi, section a, question 6 samena club is a section 501(c)(7) membership organization. How members of the governing body are elected form 990, part vi, section a, question 7a samena club has annual elections of board members. A mailing is sent out prior to each annual meeting. Attendance at the annual meeting is not required to vote. Member approval of governing body decisions form 990, part vi, section a, question 7b board members have approval authority over significant capital projects. Process used to review form 990 form 990, part vi, section b, question 11b an independent accounting firm, samena club's executive director, board president and treasurer review the form 990 before it is filed with the irs. It is available to all other board members upon request. How written conflict of interest policy is monitored and enforced form 990, part vi, section b, question 12c samena has an active and engaged board that regularly evaluates their written conflict of interest and whistleblower policies. Samena requires its trustees to disclose, in writing, on an annual basis, any known financial interest or conflict that the individual, or a member of the individual's family, has in any business entity that transacts business with the club. If a conflict is disclosed the board member will recuse themselves from related discussions. Process for determining compensation form 990, part vi, section b, questions 15a and 15b a committee reviews and approves all wage increases and compares proposed increases to management salary surveys. How documents are made available to the public form 990, part vi, section c, question 19 samena club makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. It is also available via http://www.guidestar.org. Other changes in net assets or fund balance form 990, part xi, line 9 book/tax difference on disposal of assets $15,475”