Slingerland Posted February 22, 2020 Share Posted February 22, 2020 (edited) 3 hours ago, garfield said: I'm curious if any of those applications' circumstances were actually similar to Cadets' current one. I would suggest those interested go https://www.irs.gov/pub/irs-pdf/p4220.pdf and scroll to page 10. The list of requirements to affect a "complete submission" are all items that Cadets' attorney can present right now, with deep operational histories Rubber stamp. No. Neither of the organizations I was consulting with were formed as a new non-profit to try and escape massive amounts of debt from their previous non-profit lives. So yeah, a little different than Cadets. 😎 The organizational history belongs to YEA. not to Cadets Inc or whatever they'll call themselves. The old Board, the old staff, the old business records: that's all YEA. The new org has no history as a business, which is what's being considered. Perhaps it'll skate through, but the circumstances of formation for the new company will definitely raise at least a few questions. Edited February 22, 2020 by Slingerland Quote Link to comment Share on other sites More sharing options...
Jeff Ream Posted February 22, 2020 Share Posted February 22, 2020 14 hours ago, exitmusic said: Again -- who taught you corporate law?! A corporation literally cannot exist without having a board of directors in place. It's a legal impossibility. If a corporation has no board, there is literally no corporation. The way you start a corporation -- and we know now that they have not -- is to file the Articles of Incorporation with the relevant state Secretary of State. In those Articles, you are required to name the initial board of directors. There is no way around this. What we have here is a loosely associated group of people with a "plan" that they won't share, who seem to be repeating past mistakes. technically it doesn't exist until 4/1, and they said the board will be in place by 3/31. technically right now they are still part of YEA Quote Link to comment Share on other sites More sharing options...
Jeff Ream Posted February 22, 2020 Share Posted February 22, 2020 14 hours ago, BeachBum said: This debate about 501c3, whether they can fundraise, whether your donation is tax deductible, where their board is, Etc. is just odd to me. They are not operating as their own organization yet. That’s not until March 31. 501c3 is YEA right now. Board is YEA right now. Donations are tax deductible right now. They can fundraise and you can donate - and write it off. They said all of these details would be complete by March 31 when they transition. Why are we still talking about this? Am I missing something? because facts don't matter in an online rant Quote Link to comment Share on other sites More sharing options...
Jeff Ream Posted February 22, 2020 Share Posted February 22, 2020 12 hours ago, cixelsyd said: Who gives money away solely for a tax deduction? Seriously, is that a thing? Taking a pay cut would be a better tax strategy. People donate because they care about the cause. not always. sad but true Quote Link to comment Share on other sites More sharing options...
Jeff Ream Posted February 22, 2020 Share Posted February 22, 2020 given all of the financial know how bandied about on here, even if views differ, i hope you've offered your assistance the the corps Quote Link to comment Share on other sites More sharing options...
craiga Posted February 22, 2020 Share Posted February 22, 2020 So, I am just thinking out loud. No, I am not an attorney, have never played one on tv, nor have I even stayed a night at the Holiday Inn Express. But I do remember what the Boston Crusaders went through at the end of 1982. After being left stranded in Europe without any remaining funds due to primarily to the misdeeds of one individual, the corps was bankrupt. The end was at hand, it seemed. Some alumni got together and decided to field a corps regardless of the bankruptcy and the multiple lawsuits from creditors. The only way this could be accomplished was to change the name (to the Boston Drum & Bugle Corps), which essentially made it a brand new organization. Drum Corps East wouldn't let the corps perform at any shows, but DCI did, with the stipulation that "Boston" was a brand new drum corps and thus had to go on first at every show. After three years of the new organization (and new BOD) they were able to retire enough of the debt and buy the name back. I don't know if the Cadets situation is analogous. Interestingly, many of those folks involved with the 1983 Boston corps (which had 51 members) can now be found on the INSPIRE BOD. For the record, while I am not particularly a Cadets fan, my feeling is that DCI and the activity is better off WITH the Cadets than without. I hope it all gets worked out. Perhaps go back to being the Garfield Cadets and start fresh? 5 3 Quote Link to comment Share on other sites More sharing options...
George Dixon Posted February 22, 2020 Share Posted February 22, 2020 11 minutes ago, craiga said: So, I am just thinking out loud. No, I am not an attorney, have never played one on tv, nor have I even stayed a night at the Holiday Inn Express. But I do remember what the Boston Crusaders went through at the end of 1982. After being left stranded in Europe without any remaining funds due to primarily to the misdeeds of one individual, the corps was bankrupt. The end was at hand, it seemed. Some alumni got together and decided to field a corps regardless of the bankruptcy and the multiple lawsuits from creditors. The only way this could be accomplished was to change the name (to the Boston Drum & Bugle Corps), which essentially made it a brand new organization. Drum Corps East wouldn't let the corps perform at any shows, but DCI did, with the stipulation that "Boston" was a brand new drum corps and thus had to go on first at every show. After three years of the new organization (and new BOD) they were able to retire enough of the debt and buy the name back. I don't know if the Cadets situation is analogous. Interestingly, many of those folks involved with the 1983 Boston corps (which had 51 members) can now be found on the INSPIRE BOD. For the record, while I am not particularly a Cadets fan, my feeling is that DCI and the activity is better off WITH the Cadets than without. I hope it all gets worked out. Perhaps go back to being the Garfield Cadets and start fresh? it's a similar situation - but DCI and their rules have changed drastically & no DCI East exists (sadly) I remember wondering WHY Boston went through what they were going through - it seemed extremely punitive IMO - even at the time Garfield became "Cadets of Bergen County" and then the "Cadets" as they ran from NJ to escape similar pain I'm hoping THIS time will be a fresh start for them - verses just another reboot. We've been down that path a couple times and now know where it ends... Cadets need to utilize the INSPIRE model for their BOD - and others here have expressed the same It's vital they have a strong, dynamic board with the simple ability to say "no" when necessary With the "core" group of folks working on this project of "The Cadets Organization" I have some hope and faith - but SEEING IT will be critical They have a background including roles with Boston, Crown, Bluecoats etc - let's not reinvent the wheel, let's use the successful model Myself and several other posters here (exitmusic for example) are anxiously awaiting the BOD announcement as well as other organizational details... I trust the show will be effectively designed and well taught (given the rock star staff and design team) - but the REAL NEWS (while less sexy) will be the organizational announcements re: a BOD, fiscal development plan, etc. 1 Quote Link to comment Share on other sites More sharing options...
cybersnyder Posted February 22, 2020 Share Posted February 22, 2020 8 hours ago, Jeff Ream said: not always. sad but true Donations are down across charities due to the increased standard deduction. Average America can’t deduct most things unless you have a large mortgage or something that will allow you to itemize. I believe the number I saw was that donations are down 30% on average. Quote Link to comment Share on other sites More sharing options...
Ghost Posted February 22, 2020 Share Posted February 22, 2020 (edited) 53 minutes ago, George Dixon said: .I trust the show will be effectively designed and well taught (given the rock star staff and design team) - but the REAL NEWS (while less sexy) will be the organizational announcements re: a BOD, fiscal development plan, etc. For long term success you’re correct G, but for us fans, will they have the talent to perform “the rock star staff and design teams “ production? At least the talent to stay top 8-10. Edited February 22, 2020 by Ghost Quote Link to comment Share on other sites More sharing options...
Weaklefthand4ever Posted February 22, 2020 Share Posted February 22, 2020 1 minute ago, Ghost said: For long term success you’re correct G, but for us fans, will they have the talent to perform “the rock star staff and design teams “ production? Good question. And of course we still have the "what's good enough?" factor to look at at. Some people will break out in hives if Cadets don't finish above their 9th place from last year. Quote Link to comment Share on other sites More sharing options...
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