Menlo Circus Club

“Individuals purchase membership to the club and are charged dues monthly for continued membership. Voting members are limited and are responsible for electing the board of directors.”

“Voting members of the club elect the board of directors. The board of directors act on behalf of the members in setting policy.”

“The board may make certain decisions without the members' approval. However, many changes, especially bylaws, require member approval. The following require approval by at least two-thirds of the voting members: *incur debt in excess of $250,000 for any one year *sale or dissolution of the club *removal of a director without cause *filling vacancies on the board if the board fails to do so timely *amend the articles of incorporation *approval of a transaction between the club and one or more directors *levy and collection of assessments upon the members *increase in numbers of voting members *change the rights and privileges of the voting members”

“The club controller reviews the completed form 990 and reconciles it to internal financial statements. When the review is completed, the controller notifies the general manager and finance committee that the returns are available for review. A board officer signs the form 990 prior to filing.”

“A list of new vendors is provided to the general manager for review of any possible conflicts of interest before approving the vendor. At the beginning of every year, the general manager investigates any potential conflicts of interest by querying the board of directors and key employees for possible conflicts of interest.”

“A committee of members reviews the compensation for the general manager. His compensation is compared to industry and local data to determine the final compensation amounts. General manager reviews the compensation for the key employees. Their compensation is compared to industry and local data to determine the final compensation amounts.”

“Forms 990 and 990t are available to the general public upon request. A fee of $1.00 will be charged for the first page, and $0.15 per page for subsequent pages. Postage cost will also be charged for any copies requested to be mailed.”

“The governing documents, conflict of interest policy, and financial statements are not available to the general public. Governing documents are given to new members and are also printed on the roster each member receives. The conflict of interest policy is recorded in the club's policy manual under "vendor and services". Audited financial statements are available at the club's annual general meeting, and are also mailed to all members afterwards.”

“No changes from prior year.”