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Treasurer
Picture of Unter den Uebrigen
posted
Minutes will become more important as Low Caliber transitions into a nonprofit corporation; this from California Corporations Code §9510:
(a) Each corporation shall keep:
(1) Adequate and correct books and records of account.
(2) Minutes of the proceedings of its members, board and
committees of the board.
(3) A record of its members giving their names and addresses and
the class of membership held by each.
Minutes should be used for official, public actions of the Club; deliberation leading up to public actions, however, should be confidential and is properly material for the Red Carpet.  Comments Michael L. Wyland:
“The board speaks with one public voice, regardless of their private disagreements and differences. The board minutes should reflect the actions taken in that public voice, and should be open for inspection.”
In that sense, discussion on Minorships may well be material for Red Carpet; its anouncement, however, Minutes.

 
Posts: 1457 | Location: Altadena | Registered: Tue January 07 2003Reply With QuoteReport This Post
Peregrine
Picture of ReaperCreeper
AIM: Online Status For ReaperCreeper379
posted Hide Post
where is my poll?
 
Posts: 257 | Location: Wilkes-Barre,Pennsylvania | Registered: Fri August 29 2003Reply With QuoteReport This Post
Emeritus
Picture of Dante
posted Hide Post
let the bribes and grandstanding begin.
 
Posts: 1258 | Location: "Auslander" | Registered: Wed May 21 2003Reply With QuoteReport This Post
Phil
Picture of Socketboy
posted Hide Post
Hey that is cool. So those rules apply to internet things as well?
So what benifits to we get being a nonprofit org. instead of just another internet "clan thing"?
 
Posts: 2090 | Location: Colorado,USA | Registered: Wed March 19 2003Reply With QuoteReport This Post
Peregrine
Picture of Rhoedd
posted Hide Post
We get the government's evil eye on us and I think we get to pay taxes. Yay! Lucky us...

Still, if Unter didn't register us as a non-profit organization, we could be in trouble, because we do have money, however little.
 
Posts: 406 | Location: Ohio | Registered: Fri June 27 2003Reply With QuoteReport This Post
Peregrine
Picture of ReaperCreeper
AIM: Online Status For ReaperCreeper379
posted Hide Post
welcome back RH lol its me u know who.. Smile
 
Posts: 257 | Location: Wilkes-Barre,Pennsylvania | Registered: Fri August 29 2003Reply With QuoteReport This Post
Treasurer
Picture of Unter den Uebrigen
posted Hide Post
It's partially a matter of legitimacy; and more practically, Members' donations are 20-50% tax deductable.  We can also apply for government grants unavailable to for-profit corporations, and receive tax exemption on our investments.

Anthony Mancuso considered a corporation to be a kind of collective person:
“This legal person is, in a sense, immortal, as the nonprofit corporation continues to exist as a legal entity despite changes in management or other corporate personnel caused by the resignation, removal or death of the people assocaited with it.”
In a nutshell, it secures the future of the Club; and provides a platform for its current well-being.

 
Posts: 1457 | Location: Altadena | Registered: Tue January 07 2003Reply With QuoteReport This Post
Phil
Picture of Socketboy
posted Hide Post
Sounds good. This was just the first I had heard of an online thing being an offical org....
Good job, sounds good to me. Big Grin Thumbs Up Keep up the good work!
 
Posts: 2090 | Location: Colorado,USA | Registered: Wed March 19 2003Reply With QuoteReport This Post
Emeritus
Picture of Dante
posted Hide Post
especially after yesterday's discussion, i have been reading the 'non-profit' site avidly; yet occasionally feel like only touching the tip of an iceberg.
enlighten me on what's next, on vent next time, yea?
please, specifically this line: "In California, for instance, the law permits staff members to be on nonprofit boards as long as 50% or more of the board members are neither staff nor "interested parties" (such as relatives of staff)."

 
Posts: 1258 | Location: "Auslander" | Registered: Wed May 21 2003Reply With QuoteReport This Post
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