May 2009 Board Meeting Minutes

May 17, 2009 FSP Board of Directors Meeting Minutes

Meeting called to order at 2:10 PM EST. Jason S., Jean A., Varrin S., Cathleen C., Louis C., Steve C. present.

  1. Changes to the budget a. Add $2500 to general donations, $2500 to advertising expenses - other (FB ads). b. Discussion of internship program & expected financial outcome. Add $9400 to both income & expenses for internship budget. c. Discussion of need to re-consolidate two FSP Paypal accounts. d. Jason moves to adopt budget changes above, Varrin 2nd, motion passes 6-0.
  2. Reincorporating in NH.

- 2008 annual filing was late, causing the FSP to lose good standing in NV. It is more costly to update status with NV than to reincorporate in NH & will be easier to maintain a resident agent in NH. - Therefore, provided that the total costs of reincorporation in NH are smaller than the total costs of restoring status in NV, the FSP should reincorporate in NH. - Jason so moves, Varrin 2nd, motion passes 6-0. 3. IRS rejected fiscal year change due to technical error, we will follow up with the IRS to fix the problem. 4. Varrin moves to adjourn, Jason 2nds, vote 6-0, meeting adjourned.

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