Formation of ACE Committee(s)

dvtpilot said:
I'm free to do whatever is needed for the next event.....doesn't matter what the job function is. I can call around to hotels in LAS, or set up spaces, etc. Just let me know!

PS. If you need me to bill you for my services, I do have an LLC set up here that I already use as a small business. I charge half what Charlie charges, but won't work for free as a protoscab. LOL
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Undercutter! Pilferer! That's it! Yeeeerrrr off mah jumpseat! (Wait, I don't have one. Dang it.)

So..er.. I'll negotiate. The $2 was just a witty thing. I'll work for a dollar.
(Don't outsource me Doug! :) )
 
Vyse said:
I don't know the legal specifics for housing associations (they may have a different non-profit classification), but a 501c(3) (charitable organization or foundation) or 501c(6) (trade/industry/educational association) non-profit does not have such limits.

If NJC intendes to *incorporate* as a non-profit (i.e. be spun off from JC as its own independent legal entity), there'd be a lot of work involved- Creating bylaws, naming a Board of Directors, meetings and minutes, paperwork, and filing taxes and legal forms. Lots of paperwork (I used to be the corporate secretary for a flying club that was a 501c (3) ). In exchange, there'd be tax breaks from the IRS and discounts (some hotels for instance will offer a better rate to non-profits)

Otherwise, if NJC is a not-for-profit venture of JC, then it's just a branch of JC ( a "product" if you will) that just happens to not be making a profit for JC at this time.

hope this helps
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I don't know the local state laws. But it might be possible to have an unincorporated association. But you still need bylaws, a Board, D & O insurance, Board meetings with minutes, special notices to members, etc. Filing as a 501 (c) (6) (which is what this would be since you are collecting contributions for educational purposes) would require the extra step of filing federal 990's plus any state requirements.

You have to check state laws because many have not kept up with new technology and require snail mail notifications. We found this to be true in one SW state. The organization got around it by sending one snail mail notice to check the website for updates on meetings.

I'm not trying to be a downer. I'm just trying to help. I get concerned when we are on a public forum and talking about doing something that is on the radar of both the state and federal governments because they are looking for tax dollars!
 
HRDiva said:
I'm not trying to be a downer. I'm just trying to help. I get concerned when we are on a public forum and talking about doing something that is on the radar of both the state and federal governments because they are looking for tax dollars!
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that's how I took it :)
 
:hiya:
Not sure what I can do to help since not yet in the industry, but let me know.

Also, I attend multiple events from different industries and NJC while a good time, doesn't even approach some of the other functions attending. Motorola just did a six figure party in NJC that they paid for entertainment that should of been in a gentlemen's club.

Doug, did you get the photo???
 
hokuspocus said:
Not sure if this helps or not but I know for non-profit you can't have more than (aprox $20,000) in cash at one time. I was treasurer for 2 awful years on our crappy homeowners assocation board (which is nonprofit) where I learned very little but did learn a few things. So say you could have $50,000 over the course of the year but not a the same time...ie paving roads...we would have $20,000 in the bank, spend that then could get $20,000 more and spend that...as long as it wasn't ever more than that at once. Also there was some kind of random permit type thing we had to pay 10 bucks a year for to keep our nonprofit. No one on the board got paid either, any money we spent went to basically maintence snow, roads, though we did/do a once a year santa fly in in which we put up money for presents and food and such. Not sure if this helps much just my limited experience with a nonprofit.....
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There is no limitation on cash in the bank as a non-profit. When I was on the board of my HOA, we ended up one month with approximately $100,000 in the bank, due to the need to have cash on hand to pay for repair projects. In reality, most non-profits don't have to worry about excess cash.

We had to file taxes annually, which turned out to be $50. We also had to pay for our Corporation Commission paperwork which was $15.

Non-profits are allowed to have paid staff. In the case of virtually every homeowners association, though, the CC&Rs prohibit compensation for any director of the corporation.
 
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