Category: Uncategorized
Posted December 15th, 2020
Chapters/ councils must issue a Form 1099-MISC to each person to whom you have paid at least $600 in rents, services (including parts and materials), prizes and awards or other income payments.
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Posted December 15th, 2020
Endowments defined here are restricted funds designed to keep the principal corpus intact so it can grow over time, but allow the chapter/council to use the annual investment income for programs, or operations, or purposes specified by the donor(s) to the endowment.
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Posted December 15th, 2020
Chapters and councils are required to notify Trout Unlimited of any requested or proposed legal action and must receive express permission from the national Board of Trustees prior to engaging in legal action or litigation, or signing on to the litigation or legal action of another organization. Read the Litigation Policy online at https://www.tu.org/get-involved/volunteer-tacklebox/risk-management-and-financial-controls-resources/important-tu-policies/risk-management-board-operations-related-policies/
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Posted December 15th, 2020
This Board resolution reaffirms the Board’s policy that no part of TU should own interests in conservation easements. While the Board of Trustees strongly encourages TU at every level to work to protect land and access to land for conservation and fishing, TU is not set up to manage and enforce conservation easements. TU should […]
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Posted December 15th, 2020
Incorporation is a complicated subject. The IRS does not require subordinates (chapters) under a group exemption (which TU holds) to become incorporated within the states in which they operate. However, each state may have different registration requirements, and chapter and council leaders should become familiar with local regulations and comply with state or local laws. […]
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