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      <ReconcilationRevenueExpnssAmt>-37268</ReconcilationRevenueExpnssAmt>
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          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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      <OtherLiabilitiesOrgGrp>
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      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
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        <ExplanationTxt>THE CHAIRMAN OF THE BOARD AND STAFF PRESENT THE 990 AND ALL RELATED SCHEDULES TO THE BOARD OF DIRECTORS AND ADDRESS ANY QUESTIONS, CONCERNS, OR SUGGESTIONS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: A. THE CONFLICTING INTEREST IS FULLY DISCLOSED; B. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; C. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND D. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE COMMODORE (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE SECRETARY), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OF DIRECTORS. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE COMMODORE, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE SECRETARY) WHO SHALL BRING THESE MATTERS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO COLUMBIA SAILING SCHOOL. THE DECISION OF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF COLUMBIA SAILING SCHOOL AND THE ADVANCEMENT OF ITS PURPOSE.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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          <StateAbbreviationCd>IL</StateAbbreviationCd>
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