[QCWA Hotlist] Fwd: Chapter 5 - Opening Up A Bank Account

Fri Mar 24 13:14:01 EDT 2017

How do I get off this list?

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> On Mar 24, 2017, at 10:05 AM, Hazen, Stanley <sshazen at centurylink.net> wrote:
> 
> Hello, all -
> 
> As the President of Chapter 155, may I offer the following?
> 
> Chapter 155 is quite tiny.  We meet, very informally, for dinner,
> three times a year.  We pay no dues, because we have no expenses.
> 
> When we meet, it is at a local restaurant, and everyone pays his/her
> own bill.
> 
> Open a bank account?  For what purpose?  No expenses, no need.  Very simple.
> 
> 73,
> 
> Stan, K2SSB
> President, Chapter 155
> 
> 
> ----- Original Message -----
> From: "Doug Crompton" <wa3dsp at gmail.com>
> To: qcwahotlist at mailman.qth.net
> Sent: Friday, March 24, 2017 12:21:58 PM
> Subject: [QCWA Hotlist] Fwd: Chapter 5 - Opening Up A Bank Account
> 
> Forwarding the below comments for further comments from the group at large.
> Please include my email in any comments.
> 
> 
> *73 Doug*
> 
> *WA3DSP*
> 
> *http://www.crompton.com/hamradio <http://www.crompton.com/hamradio>*
> 
> ---------- Forwarded message ----------
> From: <ve6afo at telus.net>
> Date: Fri, Mar 24, 2017 at 11:15 AM
> Subject: Chapter 5 - Opening Up A Bank Account
> To: doug at crompton.com
> Cc: ve6afo at telus.net
> 
> 
> Hi Doug,
> 
> In that all chapters have their own autonomy, QCWA International has never
> really given much thought as to how a chapter would go about securing a
> bank account. Of course, there are many ways of doing this. Some chapters
> have actually gone as far as incorporating as a not-for-profit 501(c)(3)
> organization, which in my mind, is way too much work, and annual tax
> filing, just for a chapter to meet and have fun!!
> 
> According to the below link, yes, a tax ID will be required to open up an
> account.
> 
> http://smallbusiness.chron.com/banking-rules-non-profit-
> organizations-829.html
> 
> Here in the province of Alberta, we have a bank (Alberta Treasury Branch)
> who has what they call a "Community Spirit" Account for small clubs. All
> that is needed is for them to be registered as a not-for-profit
> organization with the Alberta Societies Act. (free). A set of By-Laws are
> required, and that is it. At this bank, the bank account is not charged any
> monthly service fees, like some banks do.
> 
> I have received e-mails from some chapters who dissolved because they could
> not afford to pay as high as $18/month for banking fees. Well, that is
> crazy for a small chapter. Personally I would not have dissolved the
> chapter, but found a bank that would play fair.
> 
> So, because Chapter 151 is in Alberta (I am the president), the chapter
> members decided from the onset that they did not want to incorporate. We
> have no By-Laws. We were Charted on May 18, 1984, so we have been around
> for some time. However, I was fortunate to know a banker who opened up an
> account in a Credit Union, and we are not charged any monthly service fees.
> 
> So in this regard, we do not have any liability insurance, because I do
> believe an insurance company would want to deal with an identity (an
> incorporated organization) rather than a couple of individuals who want to
> get liability insurance for a Field Day, etc. In this regard, we do not
> have any insurance, though we sure thought about all the problems we could
> have had when we hosted the QCWA International Convention - 2006 in
> Calgary, AB. I am glad no liability issues surfaced!!!
> 
> What I would do, to see if you could get some other ideas from other
> chapters, is to send the same questions (what you asked, below, which are
> all very valid comments!!) to the Chapter Officers who are all subscribed
> to the QCWA Hotlist. That e-mail address is;
> 
> qcwahotlist at mailman.qth.net
> 
> 73,
> 
> Ken Oelke, VE6AFO
> 
> At 06:55 PM 3/22/17, Doug Crompton wrote:
> 
> Ken,
> 
> Â  A long time for a response to your last email but Our chapter is in the
> process of reforming and I am the interim Treasurer. Does QCWA have any
> recommendations for treasurers? That is setting up accounts etc. This would
> be in the US in PA. I imagine we have to incorporate in the state and get a
> tax ID number in order to get a bank account?  I know there are many
> chapters out there and I was just wondering if there was any general
> guidance on this.
> 
> Also what about insurance for a chapter. Liability for meetings, events,
> protection of funds, etc. What constitutes an event that would need
> protection. What are other chapters doing in this regard. I am told that if
> an event is planned like Field Day and we don't call it an organized event
> of our QCWA chapter then we are not liable but it is a fine line. In my
> mind If we advertise it even in just emails to the chapter then it is
> organized.
> 
> It would be great to have
> your
>  thoughts on this or maybe you can pass it to someone else for further
> comment.
> 
> 
> 
> 
> 
> *73 Doug WA3DSP http://www.crompton.com/hamradio
> <http://www.crompton.com/hamradio> *
> On Thu, Dec 29, 2016 at 10:11 AM, <ve6afo at telus.net> wrote: Hi Doug, A QCWA
> chapter has it's own autonomy, therefore, a chapter would have to apply for
> it's own tax exemption. Usually small clubs, like QCWA chapters, would not
> need to worry about tax problems and tax exemptions, unless you are looking
> to avoid paying a tax on purchases? In this regard, and I am no expert on
> tax law, but I believe the chapter would have to be incorporated as a
> not-for-profit organization. At 10:08 PM 12/28/16, doug at crompton.com wrote:
> Question - do contributions directly to a local chapter come under the
> QCWA tax exemption?
> 
> 
> 73, Ken Oelke, VE6AFO President, Quarter Century Wireless Association, Inc.
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