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        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>THE NAVAL ACADEMY AQUATIC CLUB OFFERS YEAR-ROUND TRAINING FOR ROUGHLY 300 BOYS AND GIRLS AGES FIVE THROUGH EIGHTEEN. THE CLUB IS STAFFED BY NUMEROUS, VERY EXPERIENCED PROFESSIONAL COACHES AND USES THE EXPANSIVE AND MODERN AQUATIC FACILITIES OF THE UNITED STATES NAVAL ACADEMY, WHICH IS LOCATED IN ANNAPOLIS MARYLAND. NAAC'S OVERRIDING GOAL IS TO HAVE EACH MEMBER REACH HIS OR HER ATHLETIC POTENTIAL WHILE LEARNING SUCH LIFE SKILLS AS DEDICATION, TEAMWORK, AND SPORTSMANSHIP. BOTH THE SWIM TEAM AND THE WATER POLO TEAM ARE ORGANIZED INTO PROGRESSIVE TRAINING GROUPS THAT PROVIDE INSTRUCTION AND CONDITIONING APPROPRIATE TO EACH ATHLETE'S AGE AND SKILL LEVEL. NAAC'S ACTIVITIES ARE FUNDED PRIMARILY BY MEMBERSHIP DUES AND PROGRAM FEES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>YES. GOVERNED BY THE BY-LAWS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>YES. GOVERNED BY THE BY-LAWS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE DRAFT RETURN IS REVIEWED BY THE TREASURER. INTIAL QUESTIONS AND ISSUES ARE HANDLED BY THE TREASURER AND THE CPA PREPARING THE FORM 990. ONCE THE TREASURER AND CPA ARE IN AGREEMENT, THE FORM 990 IS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY FOR REVIEW AND CONCURRENCE. ONCE CONCURRENCE IS ACCOMPLISHED THE CPA WILL FINALIZE THE FORM 990 AND PRODUCE IT FOR SIGNATURE AND SUBMISSION TO THE IRS BY THE TREASURER.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>UPON REQUEST.</ExplanationTxt>
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</Return>
