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GEO-CEG

GEO-CEG. Organizational work session February 4, 2011. Yamhill fee schedule. Good news, Yamhill is interested!! View the fee schedule so far Review Yamhill agreement?. CEG Business Planning Agenda. Overview of steps toward filing tax-exempt Articles of Incorporation

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GEO-CEG

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  1. GEO-CEG Organizational work session February 4, 2011

  2. Yamhill fee schedule • Good news, Yamhill is interested!! • View the fee schedule so far • Review Yamhill agreement?

  3. CEG Business Planning Agenda • Overview of steps toward filing tax-exempt • Articles of Incorporation • Employer Identification Number (EIN) • Touch on By-laws and construct of board members • Form 1023 • 501(c)(3) or 501(c)(6)? • Business plan notes

  4. CEG Business Planningsteps toward filing tax-exempt • Incorporate in Oregon with Articles • Articles of Incorporation (comply with fed provisions) • Can’t use my mailing address • Online application form • Apply for federal Employer ID (EIN) • Finalize By-Laws • By-laws and Board (comply with fed provisions) • Complete federal Form 1023 application • Requires Articles of Incorporation • Requires By-Laws • Requires funding details - state $; related business income; etc.

  5. CEG Business PlanningArticles of Incorporation • CEG Articles of Incorporation - view/discuss • Federal sample provisions • (From IRS Publication 557) • State sample • (From ORS 065.047) • 501(c)(3) or 501(c)(6)??...later

  6. CEG Business PlanningEIN • Federal EIN application form - view • Requires Fed. Employer Registration Form first • Not contingent on tax status • Required for payment of employees (us!)

  7. CEG Business PlanningBy-Laws and Board • By-Laws - see notes • Adopt ethics - all familiar with this? view • Board Selection and Duties • Primary concerns • no assets may inure to board members • indemnification of board members • address conflicts of interest • document retention provision • whistle-blower provision • limit powers of board and describe duties

  8. CEG Business PlanningForm 1023 • Federal Application for Recognition of Tax Exemption - view • Form 1023 instructions • Requires Articles of Incorporation • Requires By-Laws

  9. CEG Business Planning501c3 or 501c6? • 501(c)(3) Public Benefit • “Community Enhancement” • Funded by tax-exempt State • 501(c)(6) Business League • GIS is also a for-profit info. tech. “trade” • Funded by member dues • View analysis and comparison

  10. CEG Business PlanningAbove All The overall premise of our existence as outlined in the • Articles • By-laws • Business Plan and • Mission statement must be the same across documents ...

  11. CEG Business PlanningThe Business Plan • Business plan will ensure that our continued operations will be in compliance with the ‘non-profit’ designation • Comments on business plan? view

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