November 2021 Meeting Minutes
Freeport Merchants Association
Meeting Minutes
November 18th, 2021
Present:
Chase Barfield.
Ethan Barfield
Yolanda Ellis
Aaron Ellis
Bill Blanken
Gabriel Kilgore
Lori Logue
Jill Tanner
Betsy Steinbaum
Nanci Spears
Josh Spears
Keith Miller
Next meeting: December 16th, 2021, 8:00am, Blount House
1. Announcements
Current Membership Total: 70 – Active 52
Current account balance: $3859.75
Expenses:
Monthly Membership Works Fee
Invoice: Moorhead Law – Legal work
QuickBooks Transfer app
- IRS: Final Approval letter for 501c6 should arrive in the next 2 weeks
All Dues will be tax-deductible
▪ Members will receive a donation letter at the end of the year
Events Committee:
No December Social due to how busy it is. If someone wants to discuss hosting one, contact Lori Logue
January 6th will be hosted by Angie Veno with Puppies to Guppies
February 3rd will be host4ed by Gibson Commercial Solutions
For March forward, reach out to Lori Logue
▪ With hosting, you get to showcase and share about your business – everyone focused on you▪ It’s a great time for members and non-members to socialize outside of business
▪ Usually, 2-3 hours with the host providing food and drinks – alcohol is optional
2. General Topics
Chase:
IRS Notifications: Not sure if anyone has received Notifications going out saying your badness taxes are late. IRS is backed up for 2 years. Letters are going out automatically - If you get a notice and you were on time, contact your accountant and CPA as well as your Congressman. Ours is Mat Gates
Nanci:
Part of changing to a nonprofit means we have to do our Bylaws to submit to the state and the IRS. With this, we will be doing elections for the Board members and Officers.
Terms are 2 years for Officers and 3 Years for Board Members.
The election will be in January – An email will go out with the nominees with a 2-week period for those to respond with objections. If no objections, we will announce the Officers and Board at the January meeting.
Make sure your Member Profile has “Best Email”