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

[brianwv4v at lycos.com]

You have my thumbs up concurrence and thanks for the update on Fred.

73, Brian WV4V

On 2022-12-29 00:59, Phillip Barsky via NCDXA wrote:

> Per the Bylaws of the NCDXA we needed 50% of the full paid membership 
> to vote Yea for the proposal to pass.  We have 42 full paid members and 
> have received 21 Yea votes.  Therefore the board will move forward with 
> the stated Proposal.
> 
> The present accountant has been notified of our intentions. The 
> treasurer will continue to maintain ledgers so that the organizations' 
> funds can be accurately reported to the membership on a monthly basis.
> 
> Thank you and I know we are all praying for Fred's full and speedy 
> recuperation.
> 
> 73 Phil K3EW
> NCDXA Treasurer.
> 
> On Wed, Dec 28, 2022 at 7:28 PM Kris Uebersax via NCDXA 
> <ncdxa at ncdxa.org> wrote:
> 
> Concur from W3XG.
> 
> Kris
> 
> On 12/28/2022 2:08 PM, Phillip Barsky via NCDXA 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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