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Board Meeting Minutes for January 30, 2007

21 May 2007 - 9:19pm — braunel
  1. Attendees: Don Seiler, Grant Pauly, Adam Braunel
  2. Opening: Don Seiler called the meeting to order
  3. New Business.
    1. Banking
      • Bank Balance is $248.01 in the Checking account and $5.00 in the savings account as of 12.31.06. Both of the accounts are held at United One Credit Union in Manitowoc Wisconsin.
    2. Liability & Insurance
      • Don discussed the liability issues associated with the posting of events and how it affects with board members.
      • The organization currently has no insurance and won't be able to afford liability insurance. Grant said he would ask his company's insurance agent for a price quote. He also suggested looking into the disclaimer that the Chicago Ultimate Club has on their website as it would also be helpful for the MUFC.
    3. Voting on Board Members
      There was a vote to fill the open spaces on the Board. The first was the seat for Presiden. Adam nominated Don, Grant seconded, and voting was unanimously in favor. Next was the Vice President. Adam nomiated Grant, Don seconded, and voting was unanimously in favor. Third was Treasurer. Adam nominated Erik, Don seconded, and voting was unanimously in favor. Lastly was the position of Secretary. Don nominated Adam, Grant seconded, and the voting unanimously in favor.
    4. Benefits of 501(c3 Status
      1. Don Spoke of the benefits of becoming a 501(c)3 organization.
        • The donatgions made to the organization are tax deductible for the donor.
        • The organization is exempt