Thanks, Ricki, for explaining some of that language to us! I really think that the bottom line is that officers in IOLI (and all of its many chartered guilds) are volunteers for one reason - there are no funds with which to pay them!! Because our conventions tend to be reasonably large, the hotels which provide the space we need are usually relatively expensive. The cost of providing travel, room and board - and conference registration - to even the executive committee members would get into thousands of dollars. In effect, this could nearly double the cost of membership for individual members, and the result would be a drastic drop in membership.
Clay Clay Blackwell [EMAIL PROTECTED] > I wish I were more familiar with the laws governing nonprofits -- No doubt > it was drawn up a lawyer, somewhere along the line. But venturing in where > angels fear to tread, one website offers these comments on IRS requirements: > > >>The Internal Revenue Code (IRC) states that in nonprofit organizations, > âno > part of the net earnings of the organization can inure to the benefit of any > private shareholder or individual.â > Regards, > Ricki > Utah > > - To unsubscribe send email to [EMAIL PROTECTED] containing the line: unsubscribe lace [EMAIL PROTECTED] For help, write to [EMAIL PROTECTED]
