CYDF USA Journal 4 - Calantas Young Dreamers Foundation, Inc.

More documents

Recommendations

Info

is stated as follows: “To establish a non-profit medical model healthcare facility, imbedded with ethnic-specific psycho-socio-emotional, religious and culturallysensitive services for the Filipino-American aging population in the San Francisco Bay Area and promote replication advocacy of said model across the country. C. POLICIES AND PROCEDURES: DEFINING THE STRUCTURES OF PROGRAM DEVELOPMENT OF THE FOUNDATION Policy Statement #1: Sine Quod Non Habet Prior to determining the Policy and Procedural Statements that would define the STRUCTURES of Program Development and effectively carry to accomplish the mission of the Foundation, it should be made clear that the following procedural statements are needed to be complied with: 1. Pre-requisite Procedural Statements: 1a. Organization and Management. • Determine from among the Calantas Children on their commitment to come on board and join the CRUSADE of the (1) Foundation, by being elected as (2) members of the board, trustees and officers, (3) register the Foundation in California and secure a tax-exempt status from the IRS (501.c3) and FTB, (4) adopt the 3 Phases of Program Development and (5) conduct fundraising activity for the Phases 1 and 2 Scholarship Program in the Philippines. • Agree to meet at least once a year for Board Meeting, Election of Officers, Board Members and Trustees; • Write and adopt a Articles of Incorporation and By-Laws of the Foundation. 1b. Legal Requirements via Initial Agent for Service of Process • Register the Foundation into a non-profit, non-stock corporation under the Nonprofit Public Benefit Corporation Law (Title 1, Div. 2, Part 2, ss. 5110 et seq. of the California Code of Regulations) through the Office of the Secretary of State in California as: CYDF USA, Inc. • Obtain State Tax Exempt Status under Section 23701d of the Revenue and Taxation Code in California; and/or, • Obtain Federal Tax Exempt status under Section 501.c3 of the IRS Code; • Obtain a TIN (Tax Identification Number) from the IRS; • Other legal papers, as determined and required (DOJ, BE, EDD, DIR, FTB and City). • Once the Foundation is registered as a nonprofit organization, it has to be registered in the City where the main Office is located at: San Francisco, CA. 7
• The Foundation has to register in the City its FNSB which stands for “Fictitious Name of Small Business”. • The FNSB has to be legally published (Legal Publication). • Prior to registration, CYDF USA, Inc., Articles of Incorporation and By- Laws are needed to be done and signed by the members. • Organizational/Functional Chart need to be articulated. Create committees and sub-committees to address specific issues of the Foundation. • Arrive at a decision which Bank could be officially adopted by CYDF USA. Policy Statement #2: Funding, Financial Management & Accountability The three (3) Phases of Program Development of the Foundation will be developed independently from each other but shall be under its over-all umbrella of responsibility. Each Phase shall address its own growth and development with Funding, Financial Management and Accountability through AUDIT. The public, upon written request to indicate specific date and time, has the privilege to inspect the financial statement of the Foundation. 2a. Funding and Financial Management Procedural Statements for Phase 1 • Phase 1 will have a Bank Account to be known as CYDF Scholarship Fund Account. This account is dedicated to the fundraising efforts of the Calantas Children, Friends and Supporters of the CYDF USA, Inc. to directly benefit the Mission of CYDFI Philippines in helping poor but talented youth in Calantas and Nabuclod help himself so he can help other youth in need of help through the CYDFI Scholarship Program. • Scholarship Fund Drive shall also be derived from annual dues, donations gifts (Art. Xl, s1 of the By-Laws of the Foundation). • Scholarship Fund Drive shall also be derived from the Filipino-American community and others through Endowment, Individual Financial Pledge, CES Alumni Membership Fee Drive, Sponsorship of Social and Cultural Events, Albertson’s Community Partners Club (Art. 7, CYDFI Handbook, p.40). • Scholarship Fund Drive shall also include in writing grant proposals to some Foundations responsive on the Mission of the Foundation, both in the US and the Philippines. Information can be maximized coming from “The Foundation Center” in San Francisco, CA. (The Foundation Center, p.40) on Guide to Funding for International and Foreign Programs. All of the 1,300+ grantmakers featured in Guide to Funding for International and Foreign Programs have demonstrated a commitment to international non-profit in the US and abroad (Philippines). They provide funding for international relief, conferences, disaster assistance, human rights, civil liberties, community development, education, and related subject. 8
Page 2 and 3: CYDF USA, (INC.) JOURNAL Calantas B
Page 4 and 5: The first objective of the Foundati
Page 6 and 7: the mainstream society but are stil
Page 10 and 11: 2b. Funding and Financial Managemen
Page 13 and 14: CYDF USA, Inc. First Organizational
Page 15 and 16: CYDF USA, Inc. First Elected Execut
Page 17 and 18: “The future belongs to the youth
Page 19 and 20: Predictable CYDFI Scholars’ Poten
Page 21 and 22: Front Book Cover Design CYEP is the
Page 23 and 24: P AGE 269 Rita Nabong-Mendoza, R.N.
Page 25: Walk With Faith in Your Heart -The

CYDF USA Journal 4 - Calantas Young Dreamers Foundation, Inc.

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?