[NCDXA] Urgent Matter - Proposal to Membership to change corporate structure of NCDXA necessitated by resignation of President.

[Bud Governale]

I agree.

73,

Bud W3LL



On Wed, Dec 28, 2022 at 2:08 PM Phillip Barsky via NCDXA <ncdxa at ncdxa.org>
wrote:

> To all paid up Full members,
>
> Fred Laun, our President, is presently in the hospital getting treated for
> Covid and an infection. He is in the ICU at this time. He has informed the
> board that he will be resigning as President of NCDXA effective 1/1/23.
> This has necessitated the following actions.
> 1) To avoid future large accounting fees, we will be closing the
> present Virginia Corporation effective at the end of the year.
> 2) We will be reorganizing as a Tax Exempt Non-stock Corporation, section
> 501-C -7 Social Club in the State of Maryland. It will cost $170.00 to
> establish the Corporation. The present board will initially comprise the
> required 3 officers and 1 Director ( one of the officers) until we can hold
> new elections early next year.
>       a) Additionally we will file for a new Federal ID Number using SS4
> form
>       b) We will file a 1024 Form with our new ID Number, to the IRS, to
> apply for exemption from taxes. This will allow simple filing of yearly tax
> reporting via Form 990.
>       c) A new Checking account will be established at Wells Fargo bank
> which will contain all of the funds of the present account ($5475.34) minus
> the $170.00. We will close the present United Bank account and transfer all
> funds to the new account.
>
>
> Please give the board an Up or Down vote, ASAP, on the proposal which
> will save the club substantial amounts of accounting fees each year, which
> Fred had been paying out of his pocket. Call me with any questions.
>
> Respectfully, for the board
>
> Phillip Barsky
> NCDXA Treasurer
> 301-266-6666
>
> _______________________________________________
> NCDXA mailing list
> NCDXA at ncdxa.org
> http://mail.rickmurphy.net/mailman/listinfo/ncdxa
>
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