[Txlibdistricts] Re: Trustees composition, stipend; 501(c)(3) issue

[Karen S. Weber]

Johnson City does not have stipends either.  Our board has consisted of men,
women, retired and  people with children but we have not had hispanic
representation.  We would like to.  In the 5 years we have been a district
we have only had to hold one election.  All others were unapposed.  Fill me
in on the 501c3 for taxing districts.  Our library has a 501c3 and we still
operate with that to acquire donations to our library.  Is this something we
need to talk with our accountant about?   We have all our funds together.
Karen Weber, VP North Blanco Co Lib District

 

  _____  

From: txlibdistricts-bounces at lists.tsl.state.tx.us
[mailto:txlibdistricts-bounces at lists.tsl.state.tx.us] On Behalf Of Gary
Knight
Sent: Thursday, February 07, 2008 9:47 AM
To: txlibdistricts at lists.tsl.state.tx.us
Subject: [Txlibdistricts] Re: Trustees composition, stipend; 501(c)(3) issue

 

The Wimberley Village Library District does not offer any stipend to its
Trustees. We have not had a problem filling the Board with a broad
representation of the community. Over the past couple of years, we've had a
wide range of ages (30s to 60s), occupations (publisher, writer, retired
banker, landscape architect, retired US civil servant, etc.), and one mother
of school aged children.

 

To get around the problem of Districts not being able to qualify for
501(c)(3) status, we created a non-profit Foundation and qualified it for
such status. We also have a Friends organization with that status. Depending
on the ultimate objective, these organizations serve as conduits for grant
funds.

 

Gary Knight, Board President

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