The SCLV Board meeting yesterday [Sunday 28 September] was enlightening and informative.
We learned that our organization is a nonprofit corporation, however not tax-exempt, hence the pending application to the IRS for tax-exempt status. We discussed this at length and voted to postpone the application for awhile [we have 27 months from the date of our incorporation].
We learned that our Articles and Bylaws tend to define our organization as a "foundation", not a nonprofit corporation.
We discussed the possibilities of establishing a formal coalition with other groups in Napa County with similar raison d'etre. Out of this we also discussed possible name changes to more closely reflect our mission, such as the Napa Valley Land Stewards. Ultimately we voted and approved a name change to: Soda Canyon/Loma Vista Land Stewards of which we already have the dba.
We learned that although the board discussed, voted and approved the expenditure of funds for D & O Insurance several months ago, and we were informed that we had applied for it at a cost of $1600 +/-, that in fact the insurance has not been purchased, and we as directors are not covered.
And finally, we learned that our Secretary, Dana Estensen will be moving out of the area by November.
Attached please find the proposed agenda for the board meeting this Saturday, October 11, 9am at the Arger's. Also attached are minutes for approval [August 31 and September 28] at the October 11th meeting.
Please confirm your attendance,
Ciao,
Diane
We learned that our organization is a nonprofit corporation, however not tax-exempt, hence the pending application to the IRS for tax-exempt status. We discussed this at length and voted to postpone the application for awhile [we have 27 months from the date of our incorporation].
We learned that our Articles and Bylaws tend to define our organization as a "foundation", not a nonprofit corporation.
We discussed the possibilities of establishing a formal coalition with other groups in Napa County with similar raison d'etre. Out of this we also discussed possible name changes to more closely reflect our mission, such as the Napa Valley Land Stewards. Ultimately we voted and approved a name change to: Soda Canyon/Loma Vista Land Stewards of which we already have the dba.
We learned that although the board discussed, voted and approved the expenditure of funds for D & O Insurance several months ago, and we were informed that we had applied for it at a cost of $1600 +/-, that in fact the insurance has not been purchased, and we as directors are not covered.
And finally, we learned that our Secretary, Dana Estensen will be moving out of the area by November.
Attached please find the proposed agenda for the board meeting this Saturday, October 11, 9am at the Arger's. Also attached are minutes for approval [August 31 and September 28] at the October 11th meeting.
Please confirm your attendance,
Ciao,
Diane
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