Guest Tony Posted September 24, 2010 at 05:59 PM Report Share Posted September 24, 2010 at 05:59 PM Should the financial report of a 501©3 board of directors be voted on for approval or simply noted in the minutes as read? Link to comment Share on other sites More sharing options...
Dan Honemann Posted September 24, 2010 at 06:03 PM Report Share Posted September 24, 2010 at 06:03 PM Should the financial report of a 501©3 board of directors be voted on for approval or simply noted in the minutes as read?Of what significance is "501©3"? Link to comment Share on other sites More sharing options...
Guest Tony Posted September 24, 2010 at 06:06 PM Report Share Posted September 24, 2010 at 06:06 PM I don't know if it does matter whether it is a non-profit organization or not. This group happens to be a 501©3 non-profit. Link to comment Share on other sites More sharing options...
hmtcastle Posted September 24, 2010 at 06:09 PM Report Share Posted September 24, 2010 at 06:09 PM Should the financial report of a 501( c )3 board of directors be voted on for approval or simply noted in the minutes as read?Treasurer's reports should simply be received with no action taken. If the annual report is audited, the auditor's report would be formally adopted. Link to comment Share on other sites More sharing options...
Dan Honemann Posted September 24, 2010 at 06:10 PM Report Share Posted September 24, 2010 at 06:10 PM I don't know if it does matter whether it is a non-profit organization or not. This group happens to be a 501©3 non-profit.It doesn't. Link to comment Share on other sites More sharing options...
hmtcastle Posted September 24, 2010 at 06:11 PM Report Share Posted September 24, 2010 at 06:11 PM I don't know if it does matter whether it is a non-profit organization or not. This group happens to be a 501©3 non-profit.Note that one of the quirks of this forum is to turn ( c ) into the copyright sign if the spaces are omitted. Link to comment Share on other sites More sharing options...
Guest Tony Posted September 24, 2010 at 06:11 PM Report Share Posted September 24, 2010 at 06:11 PM Treasurer's reports should simply be received with no action taken. If the annual report is audited, the auditor's report would be be formally adopted. Link to comment Share on other sites More sharing options...
Guest Tony Posted September 24, 2010 at 06:13 PM Report Share Posted September 24, 2010 at 06:13 PM Thank you, H. Wm. Mountcastle. Link to comment Share on other sites More sharing options...
Dan Honemann Posted September 24, 2010 at 06:16 PM Report Share Posted September 24, 2010 at 06:16 PM Note that one of the quirks of this forum is to turn ( c ) into the copyright sign if the spaces are omitted.Not that that matters either. An organization's tax status is entirely irrelevant as far as we are concerned. Link to comment Share on other sites More sharing options...
Guest Fitt Lagovic Posted September 24, 2010 at 06:36 PM Report Share Posted September 24, 2010 at 06:36 PM Not that that matters either. An organization's tax status is entirely irrelevant as far as we are concerned. Although it does help to get everyone's post count up, however uninformatively. Link to comment Share on other sites More sharing options...
Dan Honemann Posted September 24, 2010 at 06:40 PM Report Share Posted September 24, 2010 at 06:40 PM Although it does help to get everyone's post count up, however uninformatively. Which is of even less relevance. Link to comment Share on other sites More sharing options...
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