[sac-board] Proposal to the Membership for Incorporation/Tax Exempt/Amending Constitution for Waivers

Thad,
If it's ok, I'd like to post this or something similar to SACannounce as =
well.  I think it's a little more straightfoward for  the SACnews if you =
want to consider it.


The Board would like to present to the members an initiative to =
Incorporate Saguaro Astronomy Club as a Non-profit corporation.

Incorporation affords some layer of protection to the Board in the =
unlikely case of a lawsuit for injuries, etc. sustained at a SAC =
sponsored event.

Additionally, the Board would like to present to the members an =
initiative to file for tax exemption from the IRS.  This is also known =
as a 501(c)(3).  This status would enable SAC to give a tax deductible =
receipt for donations and would enable personal write offs for mileage =
etc. for public events.

To become tax exempt you must be incorporated.

The majority of astronomy clubs in Arizona are incorporated/tax exempt.  =
It is a good step for the protection of the board and for enhancing and =
promoting that part of our purpose of the club to educate the public in =
astronomy. (See article II of our Constitution and Bylaws).

The cons would be the initial costs of incorporating and filing for IRS =
tax exemption which are estimated to be approximately $700, and, the =
annual paperwork that goes along with being incorporated.

Additionally, the Board seeks amendment to our _Constitution and Bylaws_ =
by way of an article that would permit Saguaro Astronomy Club to create =
"Hold Harmless" waivers for participant agreement and signature prior to =
participating in/entering a star party or other SAC sponsored event. =20

Please investigate and consider these important proposals for your =
input/discussion/vote at the next SAC General Meeting.

=20


Other related posts: