CCEM Chooses to Not Incorporate with MAKO

•  At the time of the vote MAKO was being incorporated as a 501c3 organization.  The Articles of Incorporation state “11.       Upon the dissolution of the Corporation, the Board of Directors shall, after paying or making provision for the payment of all of the liabilities of the Corporation, distribute all the assets of the Corporation to one or more organizations then qualified under section 501(c)(3) of the Internal Revenue Code of 1986…”  CCEM is designated as a 501c6.  In order to receive any accumulated funds from MAKO upon dissolution, CCEM would have to refile as a 501c3 and reapply for our tax exemption. – The CCEM board did not believe it was in the best interest of our membership to relinquish our tax exemption and refile as a 501c3 organization.
 
•  During the initial discussions, the Missouri representatives on the MAKO committee and the CCEM board requested preliminary budgets for the new organization.  The information was never provided.  The CCEM board did not believe we could support the incorporation without a financial pro forma of the new organization.
 
•  Based on the board’s decision, CCEM will return to our format of hosting a spring and fall conference beginning in 2016.  In 2015, CCEM members will be invited to attend MAKO and will be able to register at the member price.  However, CCEM will not participate on the committee or in the financial net profit/net loss of the MAKO 2015 program.  We will continue to promote MAKO as a professional development conference.