Steilacoom Lake Improvement Club Inc

“The organization has members who all have the right to vote. The members must approve the annual budget, board member elections, any expenses in excess of $25,000, and all bylaw changes before the board puts them into operation or takes action.”

“There are 330 members of the organization that vote for the governing body of up to 15 board members. Members of the organization vote each year on up to 5 positions available on the board annually. The remaining 10 positions on the board continue their term until they have served their full 3 year term.”

“All capital expenditures over $25,000 are voted on by the membership. Annual assessment fees are voted on by the membership. The board members have staggered three year terms. The membership votes on 5 positions of the governing body each year. The membership approves the budget for the following year. Any bylaw changes must be approved by the members of the organization before they can be implemented.”

“The volunteers that serve within the organization are the 15 members of the board. Therefore the members of the board document all written action undertaken at each board meeting and no other committee is undertaking any actions that would require written documentation.”

“The form 990 and related schedules are emailed to the 15 members of the board before it is filed so each board member has the opportunity to thoroughly review the entire return and ask any questions they may have before it is filed.”

“Copies of the last three form 990s filed are made available upon request and at the annual meeting. For the current year the organization does not have a conflict of interest policy, whistleblower policy, or document retension and destruction policy so these are not available to provide to the public. The governing documents (i.e. Articles of incorporation, bylaws, written approval of changes authorized by the governing body, etc.) are made avaiable upon request. The form 990 provides all the organizations finanical information so the organization does not provide any other financial statements to the public.”

“Pierce county assessor treasurers office collects the assessed fees on behalf of the organization to care for and maintain steilacoom lake and the surrounding area of the lake. Each year pierce county collects the assessed fees or dues and then distributes the collected revenue to the organization so the organization can maintain steilacoom lake in accordance to state guideline by monitoring the water and periodically applying chemicals to care for the lake. The amount collected by pierce county for the current year is disclosed in schedule b of this form 990.”