[Noisebridge-board] FW: [Fwd: And a few last questions]
rachel at xtreme.com
Wed Oct 29 07:37:19 UTC 2008
Responses as an rtf doc with our answers in blue. For the first point,
where we're going to provide other docs with "supporting detail", we
talked about printing out copies of announcement emails & so on. Should
we literally print them out and mail them, or hand them, to her? Or can
we send links to the archives, or (for the sticker) photos of it on
people's laptops or something? Maybe pix from HOPE with the banner?
Mitch Altman wrote:
> And some final questions from Carol...
> Date: Tue, 28 Oct 2008 14:21:13 -0700
> From: mitch at CornfieldElectronics.com
> To: maltman23 at hotmail.com
> Subject: [Fwd: And a few last questions]
> -------- Original Message --------
> Subject: And a few last questions
> Date: Tue, 28 Oct 2008 10:57:23 -0700
> From: Carol Gee <carolgee at sbcglobal.net> <mailto:carolgee at sbcglobal.net>
> To: Mitch Altman <mitch at CornfieldElectronics.com>
> <mailto:mitch at CornfieldElectronics.com>
> Hi Mitch: Here are just a few final (hopefully) questions, taken from the
> IRS application form:
> 1. Do we have any representative copies of newsletters, brochures, or
> similar documents for supporting details about activities and fundraising?
> Is the only source of communication the wiki? I looked at it and it is
> totally transparent. The IRS usually does look at this as part of the
> application review process, so we should be mindful of that. I guess I can
> print out some of the wiki? Any other ideas?
> 2. Question: Are any of your officers and directors related to each other
> through family or business relationships? If yes explain.
> 3. Is there a business relationship with any of Noisebridge's officers or
> directors? If yes, describe. (for example, if one of the
> directors/officers were your landlord, or a vendor, etc.)
> 4. Do any of the officers or directors receive compensation from any other
> organizations, whether tax exempt or taxable, that are related to
> Noisebridge through common control? If yes, explain.
> 5. NOTE: The application requires Noisebridge to certify that in
> establishing any compensation arrangements for officers and directors (or
> future employees, etc.) that you will adhere to the following:
> a. The individuals or groups that approve compensation arrangements
> will follow a conflict of interest policy (which is set forth in the bylaws)
> b. No compensation will be paid without advance approval by the board
> c. The approval process will be documented in writing, including the
> date and terms of approved compensation arrangements.
> 6. Will Noisebridge compensate anyone through non-fixed payments, such as
> discretionary bonuses or revenue-based payments? If yes, describe all
> non-fixed compensation arrangements, including how the amounts are
> determined, who is eligible for such arrangements, whether you place a
> limitation on total compensation and how you determine or will determine
> that you pay no more than reasonable compensation for services. AND will
> such non-fixed payments exceed $50,000 annually?
> 7. Will Noisebridge purchase from/ or sell to/ any goods, services, or
> assets from/to any of its officers directors or future employees or highly
> compensated independent contractors? IF yes, describe how you determine
> that the terms are negotiated at arm's length and that no more than fair
> market value is paid. Attach copies of any written contracts or agreements
> relevant to same.
> 8. Any loans, leases, contracts or other agreements between Noisebridge and
> its officers, directors (future employees or independent contractors)? If
> so, attach. This includes business dealings with entities in which an
> officer, director (or employee or independent contractor) has even a 35%
> 9. In carrying out your exempt purposes, do you provide goods, services,
> or funds to individuals? To other organizations? If yes, describe.
> 10. Do any of your programs limit the provision of goods, services, or
> funds to specific individual or group of specific individuals? Such as,
> only to your members? If yes, describe. Also describe how individuals
> are selected for each program.
> 11. Do any of the recipients of goods, services of funds from Noisebridge
> programs have a family or business relationship with any officer, director
> (or in future, with employees or independent contractors?). If yes,
> 12. Do you or will you maintain separate accounts for any contributor under
> which the contributor has the right to advise on the use or distribution of
> 13. Describe further how fundraising will be accomplished. Give as many
> specifics as possible.
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