News
The following are significant items in the evolution of BARC Development, Inc.
Top Stories
- 501(c)3 Application Approved - August 6,
2009
The IRS notified BARC Development of the approved of the application for exemption from Federal income tax under 501(c)3 of the Internal Revenue Code. BARC Development is also qualified to receive tax deductible bequests, devises, transfer of gifts under section 2005, 2106, or 2522 of the Code.
- 501(c)3 Filing Submitted - June 11,
2009
The IRS Form 1023 (and attachments and filing fee) was submitted to the IRS for review and approval. This allows BARC Development, Inc. to operate as a tax-exempt 501(c)3 and allows donations to be tax deductible by the donor to the extent allowed by law. - Approved by IRS - August 6, 2009
- Bank Account Opened with Initial
Donations - May 22, 2009
After approval of a resolution by the Board of Directors, Jim Rogers, Treasurer, established a bank account with a deposit of the initial donations to BARC Development, Inc.
- Adoption of Gift Acceptance Policy -
May 21, 2009
A policy document outlining gift acceptance was reviewed and approved by the Board of Directors.
- Corporation Formed - May 11, 2009
The Articles of Incorporation were filed with the Probate Judge of Jefferson County, Alabama and the Certificate of Incorporation was received at that time. The three Incorporators were: Ken Adkisson, WB4FAY; Jeff Drew, N4JDU; and Paul Nash, W4JY. The initial officers and board members listed in the filing were: Mike Burns - KE4DZU, Director; Dave Cisco - W4AXL, Director; Jim McLester - W4YXU, Director; John Outland - K3FP, President; Marvin Tucker - KK4TC, Vice President; and Jim Rogers - W4ATK, Secretary/Treasurer.