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Foundation Documents |
2001 Annual ReportDescribing the events leading up to the incorporation of the foundation and the partial fiscal year thereafter. Alpha Phi Omega, Kappa Chapter Foundation is incorporated under the Pennsylvania Nonprofit Corporation Law of 1988. The address of the registered office of the corporation is:
An organizing committee was formed by the Kappa Chapter of Alpha Phi Omega in early 2001, consisting of Gordon Lucht, Matthew J. McGrath, and Thomas W. Strong, Jr. The organizing committee prepared the initial drafts of the incorporating documents and selected Pantelis T. Papazekos to be the legal counsel for this effort. The chapter paid the initial expense of $1200 for legal services and costs of incorporating, and the foundation's articles of incorporation were mailed on March 22, 2001, with the three members of the organizing committee as the incorporators. The articles were filed with the Department of State of the Commonwealth of Pennsylvania on March 26, 2001. The foundation was assigned entity number 2996149 with the state, and the records are filed under microfilm number 2001024 0398-0399. Application was made with the Internal Revenue Service, and on April 10, 2001 the foundation was assigned Employer Identification Number 25-1884473. On May 11, 2001 the incorporators held the first official meeting of the corporation in order to adopt bylaws and appoint the initial officers and trustees. The following persons were appointed as the initial officers:
The following persons were elected as the initial Board of Trustees:
Verbal approval was received from Patrick Burke, the Executive Director of Alpha Phi Omega National Service Fraternity for the foundation to use the Fraternity's trademarks and insignia. Iron and Glass Bank was selected for the foundation's initial banking needs, and a checking account was opened. On December 9, 2001 Alpha Phi Omega, Kappa Chapter exercised their right to elect a trustee for the foundation, electing Timothy P. Clougherty for a term to end in 2004. On December 16, 2001 the trustees of the foundation elected Richard A. Martin as a trustee for the foundation with a term to end in 2004. The following officers were elected for the upcoming year:
A start-up gift of $41,300 was received in several parts by the foundation from Alpha Phi Omega, Kappa Chapter. Total administrative costs for the year were $12.69, and a bank fee of $4.35 was later refunded. The net income for the year and ending balance in the foundation's general fund was $41,287.31. The foundation has no other assets, liabilities or restricted funds. |