As we all see from just the limited form for Corporate Board composition that is on the WV Secretary of State site for the last current years filing from the Corporation it shows there are no less than 3 Varners on the Corporate Board. The form that must be filled out no less than once annually has limited space to show Board Composition.
This is why based on the type of Corporation this is, and it's structure there can and are likely other Directors, could be more Officers, and the list of Corporate Members is vital to have produced and review. The Principle Officers of a Corporation are EMPLOYEES of the DIRECTORS. MEMBERS are in a separate voting class of ownership.
This is why legally those 4 listed Principal Officers are employees of Ms. Jessica Varner and the Corporation. It is Directors (also Members depending on how that Corporate Class is set up in their role in appointing Directors) that have the most legal responsibility and liabilities for how the Corporation functions, it's legality, and how is complies with all laws, codes and acts.
As was reported this new purchased property was taken off the tax records. There are many things in which an entity must conform with legally to be tax exempt in West Virginia and Federally. As we see this purchase was more of an investment than a active needed use for the Corporation to do the business for which it was allowed to be incorporated in the State of WV.
This is why it must be provided to the public all their filed and status for what type of tax exemptions they are filing with the County, WV, and Federal. All grants they receive must be fully disclosed to the public, and are public records. They must show exactly how 100% of the moneys from those grants were used with full accounting and documentation.
All such entities must register, and annually file out all information that is fully public with the WV Secretary of state, and comply with all laws. https://sos.wv.gov/business-licensing/charities/Pages/default.aspx WV code Chapter 29 Article 19 ALL applies http://www.legis.state.wv.us/WVCODE/Code.cfm?chap=29&art=19 READ all of this!
They must fill out this form fully and all information and forms are fully public http://sos.wv.gov/business-licensing/charities/Documents/Chr1.pdf with supplement http://sos.wv.gov/business-licensing/charities/Documents/URSS-1.pdf and fully comply with http://sos.wv.gov/business-licensing/charities/Pages/CharitiesFormsandFees.aspx https://sos.wv.gov/business-licensing/charities/Pages/CompliancewithCharitableFundsAct.aspx that includes stating what all grants and other funds and from where they got the year prior and for that year. When the entity has any interaction with the citizens of West Virginia there are many consumer protection laws that fully apply both State and Federal, and also ANY form of receiving any citizens money into the entity in any fashion. They must also comply with certain disclosures that they must make when they have any contact with the public during any request for donations, or hold a fund raiser, advertise, use social media, ads in papers, phone campaigns, mailers, etc.. some of these involve interstate commerce and that then ties into Federal regulations. https://sos.wv.gov/business-licensing/charities/Pages/RequiredDisclosureStatement.aspx When they solicit funds, run a fundraiser they must inform the public what exact use those funds are for, and then must report how those funds were used. There must be a person assigned who is responsible with in that entity for that and each campaign and solicitation or fundraiser. Even if the entity did not get any money in any fashion from the pubic citizens, they must fully disclose all their finances through fully public records and required filings with the Secretary of State if they get any Grants. They must also by law PRINT this on ALL solicitations "West Virginia residents may obtain a summary of the registration and financial documents from the Secretary of State, State Capitol, Charleston, West Virginia 25305. Registration does not imply endorsement."
Each time there is any form of receiving funds from the public, or a solicitation the exact use of those received funds must be stated, and documented. Those funds CAN NOT be used for any other purpose.
IF the entity say wanted to buy land they would have to have a special campaign all filed with the secretary of state, and public, with fully printed disclosure on any solicitation, and state exactly what those funds being asked for were to be used for, and must fully account for all funds received and used. By law 100% of any received monies from any means from the public must be fully accountable and used only for those purposes, and ALL expenditures must be fully reported and are public record.
Special attention to WV 29-19-8, new things enacted this year are http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=SB636%20SUB1%20enr.htm&yr=2017&sesstype=RS&i=636 & http://www.legis.state.wv.us/wvcode/chapterentire.cfm?chap=29&art=3§ion=5d#01
whoops, thought John was the president...there is a difference between a lie and a mistake.
ReplyDeleteSeems like it might be hard to get facts stright stright when they tell you its none of you business .
ReplyDeleteThe road runner...
As we all see from just the limited form for Corporate Board composition that is on the WV Secretary of State site for the last current years filing from the Corporation it shows there are no less than 3 Varners on the Corporate Board. The form that must be filled out no less than once annually has limited space to show Board Composition.
ReplyDeleteThis is why based on the type of Corporation this is, and it's structure there can and are likely other Directors, could be more Officers, and the list of Corporate Members is vital to have produced and review. The Principle Officers of a Corporation are EMPLOYEES of the DIRECTORS. MEMBERS are in a separate voting class of ownership.
This is why legally those 4 listed Principal Officers are employees of Ms. Jessica Varner and the Corporation. It is Directors (also Members depending on how that Corporate Class is set up in their role in appointing Directors) that have the most legal responsibility and liabilities for how the Corporation functions, it's legality, and how is complies with all laws, codes and acts.
As was reported this new purchased property was taken off the tax records. There are many things in which an entity must conform with legally to be tax exempt in West Virginia and Federally. As we see this purchase was more of an investment than a active needed use for the Corporation to do the business for which it was allowed to be incorporated in the State of WV.
This is why it must be provided to the public all their filed and status for what type of tax exemptions they are filing with the County, WV, and Federal. All grants they receive must be fully disclosed to the public, and are public records. They must show exactly how 100% of the moneys from those grants were used with full accounting and documentation.
All such entities must register, and annually file out all information that is fully public with the WV Secretary of state, and comply with all laws. https://sos.wv.gov/business-licensing/charities/Pages/default.aspx WV code Chapter 29 Article 19 ALL applies http://www.legis.state.wv.us/WVCODE/Code.cfm?chap=29&art=19 READ all of this!
ReplyDeleteThey must fill out this form fully and all information and forms are fully public http://sos.wv.gov/business-licensing/charities/Documents/Chr1.pdf with supplement http://sos.wv.gov/business-licensing/charities/Documents/URSS-1.pdf and fully comply with http://sos.wv.gov/business-licensing/charities/Pages/CharitiesFormsandFees.aspx
https://sos.wv.gov/business-licensing/charities/Pages/CompliancewithCharitableFundsAct.aspx
that includes stating what all grants and other funds and from where they got the year prior and for that year. When the entity has any interaction with the citizens of West Virginia there are many consumer protection laws that fully apply both State and Federal, and also ANY form of receiving any citizens money into the entity in any fashion. They must also comply with certain disclosures that they must make when they have any contact with the public during any request for donations, or hold a fund raiser, advertise, use social media, ads in papers, phone campaigns, mailers, etc.. some of these involve interstate commerce and that then ties into Federal regulations. https://sos.wv.gov/business-licensing/charities/Pages/RequiredDisclosureStatement.aspx
When they solicit funds, run a fundraiser they must inform the public what exact use those funds are for, and then must report how those funds were used. There must be a person assigned who is responsible with in that entity for that and each campaign and solicitation or fundraiser. Even if the entity did not get any money in any fashion from the pubic citizens, they must fully disclose all their finances through fully public records and required filings with the Secretary of State if they get any Grants. They must also by law PRINT this on ALL solicitations "West Virginia residents may obtain a summary of the registration and financial documents from the Secretary of State, State Capitol, Charleston, West Virginia 25305. Registration does not imply endorsement."
Each time there is any form of receiving funds from the public, or a solicitation the exact use of those received funds must be stated, and documented. Those funds CAN NOT be used for any other purpose.
IF the entity say wanted to buy land they would have to have a special campaign all filed with the secretary of state, and public, with fully printed disclosure on any solicitation, and state exactly what those funds being asked for were to be used for, and must fully account for all funds received and used. By law 100% of any received monies from any means from the public must be fully accountable and used only for those purposes, and ALL expenditures must be fully reported and are public record.
Special attention to WV 29-19-8, new things enacted this year are http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=SB636%20SUB1%20enr.htm&yr=2017&sesstype=RS&i=636 & http://www.legis.state.wv.us/wvcode/chapterentire.cfm?chap=29&art=3§ion=5d#01
Intresting
Delete