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        <ExplanationTxt>THE FORM 990 IS PREPARED BY A CPA FIRM OF WHICH THE TREASURER IS A PARTNER. THE DRAFT RETURN IS THEN REVIEWED BY THE TREASURER OF THE BOARD AND THEN SUBMITTED TO THE FINANCE COMMITTEE FOR FINAL APPROVAL.</ExplanationTxt>
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        <ExplanationTxt>EXECUTIVE DIRECTOR AND SAILING INSTRUCTORS' CONTRACT AGREEMENTS INCLUDING JOB DESCRIPTIONS AND CONTRACT COMPENSATION WERE REVIEWED AGAINST LOCAL INDUSTRY STANDARDS AND REVIEWED AND APPROVED BY THE BOARD.</ExplanationTxt>
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      <SupplementalInformationDetail>
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