Re: IRS - AERC Bylaw Change

[renegade12@juno.com (Randy H Eiland)]

Bob,

  You wrote:

Randy:
Please explain that if <<<the IRS requires that we
> add two paragraphs, identified as (f) and (g) to Article SECOND of our
> Articles of Incorporation.   It is in the best interests of the AERC
> Membership to approve the Bylaws Change required by the IRS

Thank you for the correction, you are right, it is an Articles of
Incorporation addition that the IRS is requiring, not a Bylaw change.  

However, I must disagree with your subsequent comment:

<<<<Personally I do not agree with the statement that if we do not
include this
statement we will lose our tax exempt status. We may lose our dubious
individual tax deduction for contributions but even if we went to a 501c7
state we would still carry our exempt status.>>>>

You misquote me, I never said we would lose our tax exempt status, I said
**The alternative could prove to be a large annual expense to AERC and we
all know who is going to end up paying for any increased costs!!.***  As
you know, I have raised in excess of $46,000.00 for AERC in Sponsorships
and other benefits this past year.  I look forward to a continued effort
to raise other additional funding for AERC in the future.  Every dollar
AERC obtains in funding from outside sources is a huge savings to our
membership.  Each dollar raised from Sponsors and donations reduces the
prospect of a dues increase that come out of your pocket and mine. 
Retaining our 501(c)(3) status has long term potential benefits for AERC
in versatility of fund raising, and THAT BENEFITS THE MEMBERSHIP.

BTW, for those who want to join AERC, and have not been a member
previously, you can join for the 1999 AERC Ride Season for 75% of the
normal dues, or a Full Single Membership fee of $48.75,,,thanks to one of
our Sponsors, SUNDOWNER TRAILERS, INC.  This is the best deal in town for
all that you get.

Randy Eiland
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