BYLAWS Article VIII (Remuneration & Compensation)
Section One: Remuneration
 Section Two: Distribution & Use of Proceeds
 Section Three: Disbursement of Funds
 Section Four: Fiscal Year

Remuneration
No part of the net earnings of Wappinger United Soccer Club, Inc. shall insure to the benefit of any member, director of Wappinger United Soccer Club, Inc., or private individual and no member, officer, director, or any private individual shall be entitled to share in the distribution of any of Wappinger United Soccer Club, Inc.'s assets on dissolution of Wappinger United Soccer Club, Inc., such assets subject to the distribution by governing soccer bodies exempt under IRC#509, or corresponding provisions of any subsequent Federal tax law, or to the Federal government, or state or local government for a public purpose, subject to the approval of a Justice or the Supreme Curt of the State of New York. All board directors, committee members and coaches will serve in their capacities on a voluntary basis and will not be compensated for their services. Exceptions to this policy include but are not limited to the positions of certified referees and Board approved trainers.

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Distribution & Use of Proceeds
Each and every year, all funds made payable to, collected and received by Wappinger United Soccer Club, Inc. shall be used solely during that seasonal year to meet the operating needs of Wappinger United Soccer Club, Inc. program, except as noted under Article VIII, Section Four: Fiscal Year.

All funds shall be disbursed completely and solely on behalf of and for the benefit, directly and/or indirectly, of the registered players of Wappinger United Soccer Club, Inc. as follows:

  • for uniforms including screening and numbering
  • for equipment, related freight, shipping, and storage
  • for fields and indoor facilities including rental, purchase preparation, maintenance and improvement, custodial charges, and toilet facilities
  • for registration fees, insurance fees, and liability insurance fees, performance bonds, etc. payable to league, state, and national governing soccer bodies
  • for referees fees for officiating matches
  • for awards
  • for media advertising
  • for administrative costs including but not limited to copying, supplies, postage, telephone, and meeting expenses
  • for scholarships as financial assistance to defer part or all of player fees (based on individual needs)
  • for reimbursement of fees paid for referee certification
  • for reimbursement of fees paid to train and license coaches
  • for purchase and/or rental of Referee and/or Coach training materials, books, films, tapes, etc.
  • for purchase and/or rental of training equipment and/or facilities for training and/or instructing players, referees,and/or coaches
  • to purchase equipment and/or articles for resale as fund- raiser
  • to settle debt obligations and shortfalls of Waappinger United Soccer Club, Inc. incurred with outside vendors where insufficient funds are received from program participants (ie. fund-raisers, awards, etc.)
  • to satisfy contractual agreements with sponsors
  • to reimburse individuals for documented and authorized expenses incurred and payments advanced by the individual on behalf of Wappinger United Soccer Club, Inc. for merchandise and/or services obtained on behalf of or for the benefit of Wappinger United Soccer Club, Inc.
  • for legal expenses incurred in defense of Wappinger United Soccer Club, Inc. in legal matters/actions
  • for auditing fees necessary to satisfy regulatory reporting requirements on behalf of Wappinger United Soccer Club, Inc.
  • for any expenditure approved by the Board of Directors of the Wappinger United Soccer Club, Inc. that is necessary to assure that the goals and objectives of Wappinger United Soccer Club,Inc. are met.

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Disbursement of Funds
No individual shall cause the disbursement of Wappinger United Soccer Club, Inc. funds for any purpose other than the conduct of soccer activities in accordance with the rules and policies established herein.

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Fiscal Year
The fiscal year shall begin on the first day of August and shall end on the last day of July. In any taxable year, Wappinger United Soccer Club, Inc. shall distribute its income for said period at such time and manner as not to subject Wappinger United Soccer Club, Inc. to tax under IRC#4941.

Every effort shall be made to assure that there shall be no balance of funds carried over from one year to another, it being intended that all funds received in any year should be expended on that year's programs. The obvious exception would be fund raising efforts in support of long-term goals and objectives such as acquisition and/or improvements of fields,buildings, furnishings, etc.

TABLE OF CONTENTS
ARTICLE I: NAME | ARTICLE II: OFFICES | ARTICLE III: NATURE OF ORGANIZATION
ARTICLE IV: MEMBERSHIP | ARTICLE V: BOARD OF DIRECTORS
ARTICLE VI: OFFICERS | ARTICLE VII: COMMITTEES AND COMMITTEE CHAIRPERSONS
ARTICLE VIII: REMUNERATION & COMPENSATION | ARTICLE IX: TECHNOLOGY
ARTICLE X: ORDER OF BUSINESS AT MEETINGS