Reading this continual saga convinces me that further clarification is needed.
Why do we now have two Corporations? The IRS made the suggestion.
Why did we split the treasury between the two? The IRS made the suggestion. This based upon the fact that some of these funds were accumulated by the not exactly legal former charitable corporation. That’s been passed to the new charitable foundation.
Why did we use the same officers initially in the foundation? It was the simplest and least complicated thing to do.
Why are we aiming towards a separate board entirely? The IRS made the suggestion.
Is the IRS happy with this new arrangement? Yes.
Does either corporation have to pay taxes? No.
Are our Chapters protected by our insurance and able to share the same tax advantages now that we have brought them legally under our umbrella? Yes.
Are all our logos and copyrights now protected? Yes.
Do we have litigation? Not really, but we have been threatened recently due to slanderous statements put on the website by a member hiding behind a pseudonym. Rocky has a point regarding the site.
Do we need a part time lawyer on call? Can you imagine a bunch of motorcycle guys trying to do the above on their own? Yes.
Is the AACA arrangement a done deal? No. As I said before, there is an 18 month trial period, during which we (the club) can decide whether we like it. I believe we will.
It is not just a museum, (which the IRS love, by the way) but a permanent address, which we’ve never had, a corporate headquarters, a place to keep and organize our archives, run the on line library and merchandise sales, and an excellent venue for events. Hershey is not in everyone’s back yard, certainly not mine at 3000 miles, but is smack in the middle of our largest concentration of membership, so it can’t be much better.
Believe me, this was a hell of a lot of work. It is legally two corporations, but still fundamentally one club. That is the key!
Your comments are being followed. Due to remarks made on here by Barry Brown and others, our very well known new foundation board member has decided to opt out, because he simply does not need the aggravation in his already very busy life. That is very unfortunate, as his involvement would have done us proud. I certainly don’t blame him, and am sorely tempted to follow his lead and bail out also.
I realize we don’t have open elections, which is not ideal, although the system has worked well for 54 years. Don’t forget, any of you are eligible for these glamorous jobs. All that’s required apart from the ability to actually do it, is a desire to spend a bunch of your own money, and work your behind off for free. Yes we do get some limited expense money, including the odd airplane ticket, but “limited” is a key word here. In my own case, my un-recovered expenses to attend AMCA related affairs have averaged between 8 and 10 thousand per year for the last six years. I don’t regret a nickel, as I’ve enjoyed almost every minute.
This is my last political statement. I am more than happy to discuss motorcycles any time, which is the original purpose of this site. If you wish to discuss politics, talk to our new president, or a board member directly.
Sincerely,
Pete Gagan, former club president, and friend of the AMCA
Why do we now have two Corporations? The IRS made the suggestion.
Why did we split the treasury between the two? The IRS made the suggestion. This based upon the fact that some of these funds were accumulated by the not exactly legal former charitable corporation. That’s been passed to the new charitable foundation.
Why did we use the same officers initially in the foundation? It was the simplest and least complicated thing to do.
Why are we aiming towards a separate board entirely? The IRS made the suggestion.
Is the IRS happy with this new arrangement? Yes.
Does either corporation have to pay taxes? No.
Are our Chapters protected by our insurance and able to share the same tax advantages now that we have brought them legally under our umbrella? Yes.
Are all our logos and copyrights now protected? Yes.
Do we have litigation? Not really, but we have been threatened recently due to slanderous statements put on the website by a member hiding behind a pseudonym. Rocky has a point regarding the site.
Do we need a part time lawyer on call? Can you imagine a bunch of motorcycle guys trying to do the above on their own? Yes.
Is the AACA arrangement a done deal? No. As I said before, there is an 18 month trial period, during which we (the club) can decide whether we like it. I believe we will.
It is not just a museum, (which the IRS love, by the way) but a permanent address, which we’ve never had, a corporate headquarters, a place to keep and organize our archives, run the on line library and merchandise sales, and an excellent venue for events. Hershey is not in everyone’s back yard, certainly not mine at 3000 miles, but is smack in the middle of our largest concentration of membership, so it can’t be much better.
Believe me, this was a hell of a lot of work. It is legally two corporations, but still fundamentally one club. That is the key!
Your comments are being followed. Due to remarks made on here by Barry Brown and others, our very well known new foundation board member has decided to opt out, because he simply does not need the aggravation in his already very busy life. That is very unfortunate, as his involvement would have done us proud. I certainly don’t blame him, and am sorely tempted to follow his lead and bail out also.
I realize we don’t have open elections, which is not ideal, although the system has worked well for 54 years. Don’t forget, any of you are eligible for these glamorous jobs. All that’s required apart from the ability to actually do it, is a desire to spend a bunch of your own money, and work your behind off for free. Yes we do get some limited expense money, including the odd airplane ticket, but “limited” is a key word here. In my own case, my un-recovered expenses to attend AMCA related affairs have averaged between 8 and 10 thousand per year for the last six years. I don’t regret a nickel, as I’ve enjoyed almost every minute.
This is my last political statement. I am more than happy to discuss motorcycles any time, which is the original purpose of this site. If you wish to discuss politics, talk to our new president, or a board member directly.
Sincerely,
Pete Gagan, former club president, and friend of the AMCA
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