[Noisebridge-board] FW: [Fwd: And a few last questions]

Rachel McConnell rachel at xtreme.com
Tue Oct 28 15:26:59 PDT 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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