Executive Summary of Club Bylaws

The board of directors consists of at least 3 and no more than 12 directors who manage the business and activities of the club without compensation. An annual meeting of the board of directors shall be held in January or February of each year. Other meetings may be called by the president or secretary with at least 3 days prior notice to the board. Directors are elected at the annual meeting and serve a term of 3 years. If a board member resigns or is removed, a new director may be elected at the same time by the remaining board members to fill the unexpired term. The officers of the corporation include president, secretary, and treasurer and are elected annually by the board. A majority of the board must be present at a meeting to constitute a quorum, and every act or decision of the board will be made by a majority vote of the directors present at the meeting.

The Midland Lacrosse Club is a 501(c) non-profit, and (per its by-laws) all of its board members and staff serve without compensation. The directors and staff may be reimbursed for out-of-pocket expenses incurred for the benefit of the club upon the approval of the Board of Directors. Per club policy, all expenditures greater than $500 must be pre-approved by the board.

As a 501(c) organization, Midland Lacrosse must be organized and operated exclusively for our tax exempt purpose (see the IRS' "Exempt Purposes - Internal Revenue Code Section 501(c)(3)");

The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.

The basis for exemption of amateur athletic organizations like MLC is described in some detail in the IRS document "ATHLETIC BOOSTER CLUBS: ARE THEY EXEMPT?".

As documented in our yearly tax filings, the primary exempt purpose of the Midland Lacrosse Club is teaching lacrosse.

As a 501(c)(3), the Midland Lacrosse Club's tax-exempt status may be jeopardized by the following activities (see the IRS' "Compliance Guide for 501(c)(3) Public Charities"):

• Private Benefit and Inurement: A public charity is prohibited from allowing more than an insubstantial accrual of private benefit to individuals or organizations. If a public charity provides an economic benefit to any person who is able to exercise substantial influence over its affairs (that exceeds the value of any goods or services provided in consideration), the organization has engaged in an excess benefit transaction.
• Political Campaign Intervention: Public charities are prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office .
• Legislative Activities: A public charity is not permitted to engage in substantial legislative activities (commonly known as lobbying).

Below is some reporting of the club's financials.