Minutes
Board Meeting
May 24, 1998

 

The meeting was conducted on NetMeeting, and was called to order and proceded according to the published agenda. There were four Whiteboard pages during the meeting - Agenda, Jan's Proposal, Nancy's Proposal, and the IRS Ruling. Only 5 of the 11 Board members were in attendance on this Memorial Day holiday weekend, less than a quorum - Clipper, Gerard, Jan, Nancy and Shirley.

 

1. Report on IRS 1023 Application:

- IRS Ruling presented, conditional status is normal for new nonprofits

- ruling means that next step, to secure mailing permit, can proceed

 

2. Deferred Vote to Approve Brand as Treasurer

- vote is deferred to June 21st meeting, as a quorum was not present.

 

3. Deferred Vote on New Corporate Bank

- vote is deferred to June 21st meeting, as a quorum was not present.

 

4. Deferred Vote on Administration & Operation Costs Grant Proposal

- discussion on aspect of Proposal 1, requiring membership fees

- concensus to defer fee issue until a larger membership evolves

- concensus that decision on fees is dependent upon solicitation success or failure

- concensus that corporate goals to serve the common man and fee collection may be at odds

- Jan withdrew his proposal, in deference to Proposal 2

- Nancy noted that proposals should follow Article 9, Section 1, stating goal, scope, and budget

- vote on Proposal 2 is deferred to June 21st meeting, as a quorum was not present

 

5. Discussion on Potential Place of Business

- President's plans to purchase Wisconsin site for personal home

- office space, demos with tours, seed distribution possible there for the nonprofit