[Cabal] lawyer update
seanegan at gmail.com
Wed Dec 6 21:41:51 EST 2006
On 12/6/06, Ethan Blanton <elb at psg.com> wrote:
> Sean Egan spake unto us the following wisdom:
> > - For tax-exempt filling, we need to submit an expected 3 year budget
> > and tell how much time each director is devoting towards working on
> > the board. I'll probably tell them 1 hour/week for each director, and
> > maybe 2 for the treasurer and president. If that sounds unreasonable,
> > let me know.
> So far this is short for the treasurer, but surely these averages
> won't keep up. Two hours sounds probable for the long term. An hour
> a week may be high for a random director, but only time will tell
> that. These numbers will *all* be low in the next couple of months,
> I'm sure. ;-)
Exactly. I think the figures are in hour granularity, so it's either
"one hour/week", or "you're not doing anything"
Also, these numbers and the budgets do not have to be the slightest
bit accurate. It's just to give the IRS a vague sense of our size.
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