Articles of Incorporation amendments

Hey Father’s House family,

We sent the text out yesterday about making an amendment to our Articles of Incorporation. Some of you asked about the language that will be changing and if it’s possible to review that ahead of time, this seemed like the easiest way.

Why is this necessary? Before we switched from Charter to Covenant with Foursquare (ICFG), ICFG held our Welfare Exemption and our Organizational Clearance Certificate (OCC). This is language for our Tax Exempt status with the County Tax Assessor and when we allow people to use our property like the preschool in the past. We are in the process of getting the OCC with Secretary of State. We are currently held up because of language that an outside company that wrote our articles didn’t include.

I will put what we have and then what it is changing to below.

Original Text:

The property of this corporation is irrevocably dedicated to the purposes set forth herein and no part of the net income or assets of this corporation shall ever inure to the benefit of any director, officer or member thereof or to the benefit of any private person.

Upon the dissolution or winding up of this corporation, its assets remaining after payment, or provision for payment, of all debts and liabilities of this corporation shall be distributed to a nonprofit fund, foundation or corporation which is organized and operated exclusively for charitable, educational and/or religious purposes and which has established its tax- exempt status under Internal Revenue Code section 501(c)(3).

New Text:

The property of this corporation is irrevocably dedicated to charitable purposes and no part of the net income or assets of this corporation shall ever inure to the benefit of any director, officer or member thereof or to the benefit of any private person.

Upon the dissolution or winding up of this corporation, its assets remaining after payment, or provision for payment, of all debts and liabilities of this corporation shall be distributed to a nonprofit fund, foundation or corporation which is organized and operated exclusively for charitable, educational, and/or religious purposes meeting the requirements of Revenue and Taxation Code section 214 and which has established its tax exempt status under section 501(c)(3) of the Internal Revenue Code.

Thanks for taking the time to review this. There really isn’t anything exciting changing, just tax language that allows us to remain tax exempt and allow other non-profits to use our property and we can remain exempt from property tax.

Pastors Will & Lori