Auburn Grass Valley Lodge No 538

“The lodge is organized under the lodge system whereby members elect the governing body (officers and trustees). Members are then responsible for approving any changes to governing documents and all expenditures of the lodge by vote on the floor of the lodge. Despite the existence of the governing bodies, the membership has the final authority on all decisions. Therefore, almost everything must be submitted to the floor of the lodge for approval.”

“See part vi, line 6 explanation (above).”

“See part vi, line 6 explanation (above).”

“Copy of form 990 was provided to governing body for review prior to filing.”

“Governing documents are available to any member of the public by performing a google search for the annotated statutes of the grand lodge of the elks of the usa.”

“Transfer of net assets due to merger = $343203”

“STATEMENT REGARDING MERGEROn June 10, 2024, the Grass Valley Elks Lodge #538, a California Nonprofit Mutual Benefit Corporation, merged with Auburn Elks Lodge No. 1691, a California Nonprofit Mutual Benefit Corporation, to become the surviving nonprofit mutual benefit corporation, Auburn-Grass Valley Lodge No. 538. All of the assets and liabilities of the Grass Valley Lodge have been transferred to the surviving organization.For U.S. federal and California state income tax purposes, the parties intend that the merger shall qualify as a "reorganization" with the meaning of Section 368(a) of the Code and Treasury Regulations promulgated thereunder.The transferor (and discontinuing) organization is:Grass Valley Elks Lodge No. 538109 S. School StreetGrass Valley, CA 95945ID #94-0317155The transferee, and surviving, organization is:Auburn-Grass Valley Elks Lodge No. 538195 Pine StreetAuburn, CA 95603ID# 99-1295097The Agreement of Merger was approved by the Board of Trustees of both organizations and the required vote of the corporations. Merger documents have been filed with the California Secretary of State.The assets and liabilities transferred are as follows:$195,846 Edward Jones investment accounts 126,135 Real property and improvements 0 Furniture and fixtures (net book value = $0 27,107 Related-party receivable-------- 349,088 (5,885) Less liabilities transferred - security deposits--------$343,203 Net assets transferred in merger========”