Docstoc

051208minutesofelectronicaction060408-0001

Document Sample
051208minutesofelectronicaction060408-0001 Powered By Docstoc
					           SOUTHERN COUNCIL OF STATE LIBRARY AGENCIES
                              DRAFT MINUTES
           Action conducted electronically Wednesday, June 4th, 2008


Recommendation to Retroactively Change the amount of Annual Dues

Background:
There is an IRS filing threshold ($25,000) for 501 C 3 organizations
based on gross revenue receipts. Going above that threshold requires
the filing of very complex IRS forms which will require Southern Council
to incur significant costs to prepare, administer, and file the
documents. With 12 members and starting the organization's activities
with $3000/year dues, the organization is barely over the threshold.


Recommendation to Membership:
Sharman Smith proposed we retroactively reduce the Southern Council
membership dues to $2000 per year per member state library. We can discuss
this further at our October 6th meeting. Natalie Erb, SOLINET CFO, will join us
via conference call on 10/6 to explain further, but action is needed on this
matter before the end of fiscal year June 2008.

Motion: Motion unanimously approved by membership.

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:62
posted:3/31/2012
language:English
pages:1