2018-01-27 Executive Board Meeting Minutes

The January 27th board meeting was carried out via email, and proceeded until January 29. The directors received and approved the President’s report:

On January 9, I retained Foundation Group to handle our 501(c)3 application and our compliance with 501(c)3 requirements and filing of required forms through the end of 2018. The formation and compliance package cost $3500, which I paid from personal funds. This was not the cheapest vendor, but one which appeared to have good notices for successful formation of 501(c)3 organizations – which is no trivial feat. I generally bill about that much for a day’s intellectual property consulting, so I was happy to offload the work.
Foundation group filed our EIN application with IRS, our EIN is 82-3945232.
Foundation group has provided a set of formation documents, I will request that they amend the prototype bylaws to make it explicit that all required meetings may be carried out through electronic communications.
On January 27, I signed and mailed our corporation formation document (filled in by Foundation Group) to the Secretary of State of California, with $30 payment which I paid from personal funds. They are handling applications submitted about two weeks ago, so I expect to see a response in three weeks.