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

[Rick Murphy]

I concur.
73,
    -Rick

On Wed, Dec 28, 2022 at 2:13 PM Bud Governale via NCDXA <ncdxa at ncdxa.org>
wrote:

> 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
>>
>> _______________________________________________
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>>
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>


-- 
Rick Murphy, D.Sc., CISSP-ISSAP, K1MU/4, Annandale VA USA
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