Ygnacio Wood Swim Club

“Two members have a family relationship (married).”

“Classes of membership - There shall be four classes of members: Full, Associate, Retired and Teen Members. All members hold an equal equity position in the corporation. -A Full member will have access to the Club at all times of operation. -An Associate Member will only have access to the facilities during Swim Team or public events. -A Retired Member (age 62 or older) has the same rights as a Full member but has no service requirement. -A Teen Member is only available to an individual between 15 and 18 years of age and has the same rights as an Associate member. Rights of Membership - All Members in good standing shall be entitled to use all of the facilities and properties of the corporation, subject to such rules and regulations as the Board of Directors from time to time may prescribe. With the exception of Teen members, all persons residing with a club Member as a regular member of his or her household shall enjoy the same set of privileges of the membership type that the designated head of household possesses, subject to such rules, regulations, restrictions and limitations as the Board of Directors from time to time may prescribe. All Members in good standing shall have the right to vote and hold office. At time of vote, each Membership household may cast one vote. The head of household must be at least 18 years of age at time of vote. A member expelled from the corporation as provided by these bylaws immediately forfeits all the rights of a member thereof and his title to such membership shall vest to the corporation. Any member at any time may cancel his membership by paying all fees, dues, assessments and indebtedness to the corporation then existing, and by giving written notice of cancelation to the corporation. The corporation shall have no obligation to pay or reimburse the canceling member upon such cancellation. The members in good standing, shall be the beneficial owners of all properties and assets of the corporation, each in an undivided share. Such beneficial interest of the active Members cannot be alienated, transferred, assigned, bequeathed, devised, or passed by the laws of inheritance, or interstate succession, or any judicial proceedings, or by the operation of any law, or in any other manner except as provided herein. In the event of the dissolution of this corporation, in accordance with applicable proceedings as provided by law, all property, cash, and assets of this corporation shall be distributed and paid over to the active Members then in good standing, share and share alike.”

“All members in good standing were eligible to participate in annual board elections to vote for board of director nominations (one per household).”

“Capital improvements over ten thousand dollars($10,000) must be approved by two-thirds of the members present at a membership meeting where a quorum is present.”

“Emailed draft of completed form 990 is provided to all Board of Directors from this tax period requesting confirmation to file. The form 990 is filed when a majority of affirmative responses are received.”

“As a 501c7, we do not have and are not required to have a conflict of interest policy nor are we required to make available our financial statements to the public. Our governing documents (bylaws) are available to all members upon request.”