In general, the Treasurer shall be the prime choice for the check transaction with the bank. However, in the absence of the Treasurer due to any unavoidable reasons, the President will operate the bank transactions by informing CEC. The Treasurer will be updated with
all transactions made during his absence.
A suspected and unauthorized financial activity observed at any time either by Treasurer or President shall be brought into the knowledge of CEC. Irregularities will be identified and CEC will take appropriate action as required as per Bylaws.
A suspected and unauthorized financial activity observed at any time either by Treasurer or President shall be brought into the knowledge of CEC. Irregularities will be identified and CEC will take appropriate action as required as per Bylaws.
Any CEC members found guilty of any financial irregularities shall be dealt with the laws applicable to a USA nonprofit 501 (C) (3) organizations.
Chapter fund will be generated through membership fee (50%) from persons residing
within its jurisdiction.
Both the Executive Committee and Chapters shall maintain administrative fund and charitable fund in separate buckets. Fund raised shall be deposited in the CEC Bank Account and shall be disbursed to the chapters to their activities.
Once a year, prior to filing form 990, Chapters shall provide annual financial activities report to the Executive Committee.
Only the Central Executive Committee shall issue a tax-exempt letter to the donor. In no case, tax-exempt letter for membership fee as well as convention registration fee shall be issued by the CEC.
If a person who is administering the fund is not associated with any non-profit organization then donation shall be made to the third party non-profit organization who can administer the fund. Proper paper evidence shall be required.
NYSA members shall directly disburse the fund. Proper evidence of disbursement shall be required.
The organization will be registered exclusively for charitable, religious, education, and/or scientific purposes under section 501 (c) (3) of the Internal revenue Code. No substantial part of the activities of the organization shall participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other provision of this document, the organization shall not carry on any other activities not permitted to be carried on (a) by an organization exempt from federal income tax under section 501 (c) (3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or (b) by an organization, contributions to which are deductible under section 170 (c) (2) of the Internal Revenue Code, or corresponding section of any future federal tax code.
