Minutes of the Meeting of the Board of the
Open Library Society, Inc., of 2009–03–29
Introduction
Joanna P. Davies calls the meeting to order at 16:00
Present are Joanna P. Davies and Thomas Krichel in Jackson Heights
NY and in Baldwinsville NY, via Skype, William L. Goffe.
Items:
- Conflict of interest policy
- Filing of IRS forms 1023 and I990
- Financial year
1. Conflict of interest policy
Joanna P. Davies reports that the society needs a conflict of
interest policy.
The board unanimously resolves.
2. Filing of IRS form 1023 and I990
Thomas Krichel reports that he is working with Joanna P. Davies on
filing IRS form 1023. If the society gets exempt status it does not
have to file I990. The society is under the limits for reporting.
3. Financial year
Joanna P. Davies reports that it would be much easier
to file taxes if the accounting year would be the
calendar year.
The board unanimously resolves.
- The board sets the accounting year of the company
from the first of January to the 31st of December.
Conclusion
The meeting closes at 16:20.
