Additionally, from our attorney: "Regarding the issue of director/officer dues, I recommend ... a waiver of dues (or an expensing of cost of the nonpayment of membership dues) because of directors and officers’ responsibilities in furtherance of the organization’s tax exempt purposes. Dues should not appear in the organization’s Bylaws, but are rather a matter of organizational policy. In much the same way the organization reduces or eliminates dues for types of service, the organization could waive the full amount of dues as a necessary condition for asking the directors and officers to perform their substantial oversight responsibilities in the interest of the organization. | Additionally, from our attorney: "Regarding the issue of director/officer dues, I recommend ... a waiver of dues (or an expensing of cost of the nonpayment of membership dues) because of directors and officers’ responsibilities in furtherance of the organization’s tax exempt purposes. Dues should not appear in the organization’s Bylaws, but are rather a matter of organizational policy. In much the same way the organization reduces or eliminates dues for types of service, the organization could waive the full amount of dues as a necessary condition for asking the directors and officers to perform their substantial oversight responsibilities in the interest of the organization. |