Richmond Country Club

“Members of the board of directors are elected by a vote of equity members for terms of two to three years. Elections are held annually.”

“Certain decisions as to club activities, such as significant expenditures for golf course or other improvements or the financing thereof, are subject to a vote of the clubs equity members.”

“Form 990 is prepared by an outside professional. This form is then reviewed by the clubs management and a member of the finance committee of the board of directors. These individuals then discuss the return with the outside professional. After a full review, the final version of the tax return is provided to all members of the clubs voting body upon their request. The current board president signs the return before efiling with the Department of Treasury.”

“The board of directors reviews all potential conflicts of interest at least annually. All personnel and board members are required to disclose potential conflicts and any related party affiliations. The club seeks full transparency of all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the clubs policies and procedures.”

“The board of directors reviews the compensation of the clubs general manager annually. Efforts are made to secure compensation data from industrysources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines pand the clubs policies and procedures.”

“All of the clubs tax filings are available for inspection by the tax authorities and the clubs members upon request.”

“All of the clubs governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the clubs members.”

“The club has a post-2017 federal net operating loss related to its unrelated trade and business income of $243,948”

“Under the clubs By-laws, the equity memberships in the club is limited to 500. The equity members have the right to vote on the election of directors and other club matters as specified in the clubs governing documents. Upon sale and dissolution of the club, the equity members share equally in the assets after payment of all liabilities.”

“Repairs and Maintenance 141721.”

“Operating supplies 41538.”

“Workers comp insurance 51893.”

“Golf cart lease 110505.”

“Commissions 67779.”

“Equipmemt lease/purchase 24476.”

“Real estate taxes 80618.”

“Bank fees and merchant charges 55080.”

“Telephone 34363.”

“Waste disposal 36435.”

“Fuel and oil 37784.”

“Uniforms and laundry 28163.”

“Education and safety 25568.”

“Tree maintenance 70295.”

“Dues and subscriptions 18454.”

“Security 13740.”

“Licenses and fees 20697.”

“Board / committee 7167.”

“Postage 2745.”

“Consulting 41110.”

“Other golf operations 39990.”

“Other miscellaneous 2273.”

“Auto expense 512.”

“Theft expense 529.”

“Member expenses 1387.”

“100 year celebration 46257.”

“Bad debts 1230.”

“Cleaning & Janatorial 65485.”

“Food & Bev-other 1953.”