[Noisebridge-board] FW: [Fwd: And a few last questions]
Rachel McConnell
rachel at xtreme.com
Tue Oct 28 22:26:59 UTC 2008
Ack... I am a terrible student. I will skip the lesson tonight to work
on this stuff.
R
Mitch Altman wrote:
> Sure, I'll be around after the meeting. You're not doing Chinese tonight?
>
> Mitch.
>
>
> --------------
> > Date: Tue, 28 Oct 2008 15:22:50 -0700
> > From: rachel at xtreme.com
> > To: board at lists.noisebridge.net
> > Subject: Re: [Noisebridge-board] FW: [Fwd: And a few last questions]
> >
> > Yow...
> >
> > For the ones about family, business relationships, etc, I think they are
> > all NO with the possible exception of Jake fronting the rent & security
> > deposit.
> >
> > For the last few we should probably get together and discuss a bit.
> > Tonight after the general meeting?
> >
> > R
> >
> > 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%
> > > interest.
> > >
> > > 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,
> > > explain.
> > >
> > > 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
> > > funds?
> > >
> > > 13. Describe further how fundraising will be accomplished. Give as many
> > > specifics as possible.
> > >
> > >
> > >
> > >
> > >
> ------------------------------------------------------------------------
> > >
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