Indianola Beach Improvement Club

“The ibic has approximately 800 members who elect the board of trustees at an annual meeting. Officers are then selected from within the body of trustees. According to our bylaws, the governing board must seek membership approval for sale of real property, and any changes to the bylaws. Meetings of the board are held monthly, open to the public, and are documentd by official minutes as recorded by the secretary and approved by the board. Each committee is required to present plans and any related fiscal consequences for board approval before acting on behalf of the club. The board also approves in advance a yearly for an extensive list of income and expense categories. Any changes are approved by the board at monthly meetings. All actions of the board and its committee are documents, approved and published in the monthly newsletter to all residents of the town, and other interested parties.”

“See response above to form 990, part vi, line 6 - classes of members and stockholders.”

“A copy of this completed form 990 has been emailed to all trustees prior to the filing. Copies are also available in the club office, secretary's records, at monthly meetings, and upon request to any trustee or the registered agent.”

“A copy of the articles of incorporation and bylaws ar available at the library.”

“Indianola beach improvement club is a non profit corporation registered in the state of washington in 1927. The original purpose was for "the establishment and maintenance of a library, reading room, a place of social and community meetings, and to conduct all community activities as are usually connected with, or grow therefrom." our all volunteer expanded mission is to foster community responsibility among residents, maintain properties for their use, and to support other non-profits (free or reduced facility rent, publicity, donations).”

“Book / tax depreciation difference -2,911”