The specific purpose for this Board Meeting via conference call is to answer a few questions, which are all related to the question of whether XUAS should continue to pursue getting the legal non-profit status of 501(c)3 based on the IRS codes. Those who made this conference call were: President Tsav Lis Xyooj, V.P. Nkag Neeb Xyooj, Secretary Xiav Phiab Xyooj, Asst. Secretary Luexa Xiong, Treasurer Suav Yaaj Xyooj, Board Member Richard Xiong, former XUAS officers Tommy Xiong, Nhiabee Xiong, and May Cha, XUAS founder Nkag Tswb Xyooj, Advisors Larry Ma Xyooj, Mycie Xiong, and Vaming Xiong. Below is a summary of what transpired and how the meeting concluded.
- The former officers of XUAS (May Cha, Nhiabee Xiong, and Tommy Xiong) clarified the vision for turning XUAS into a 501(c)3 organization. Some work had been done, which include these: obtained an EIN, opened a bank account at Wells Fargo Bank and registered XUAS at the California Secretary of State’s office. However, the requirements to be recognized as a 501(c)3 organization have not been met. XUAS is not a legal non-profit organization.
- Regarding the need to address the Franchise Tax Board’s demand for filing past due tax returns, it was agreed that Nhiabee would contact the Secretary of State’s office to obtain all of the details we need to fulfill XUAS’ tax filing obligations, etc. Once Nhiabee has obtained this information, he will report back to XUAS and work with Treasurer Yang Xiong to take care of the tax filings.
- Regarding the question of whether to renew XUAS’ registration with the Secretary of State’s office, which will be due on 5/31/2020, some feel that if we do not renew it, XUAS will die. The majority of those on the call feel that because of the uncertainty of whether XUAS would pursue becoming a legal non-profit, we should not renew it. Instead, we need to inform the Secretary of State’s office that XUAS has dissolved so that XUAS would no longer be held accountable for filing taxes. By making this statement, however, it does not mean that XUAS is going to be dissolved. XUAS will remain as it has always been for the Xiong clan, where it is a private organization that is not registered with the state or federal government. It was agreed that another meeting/conference call would be held to conclude the discussion on May 15, 2020.
The draft of the official minutes prepared by Secretary Xaiv Phiab Xiong for this board meeting is below: