PRESIDENT’S REPORT

This is our mid-summer newspaper as you all know. I hope everyone is having a safe and enjoyable summer. Just a reminder that there is no general monthly meeting in the month of August, but there will be one on September 28. Since there is no meeting in August you can pick up your club copies at the board meeting on August 31st. If you want to pick up copies before contact me and I’ll make arrangements. There is at least one more day in the month of August you can enjoy what we at Jersey Coast Anglers Association work so hard to protect with the guidance of the recreational community. We as recreational community must continue to unite in the fight to stop the loss of fishing access, habitat and all fish species along our coastline. I think we all should continue to fight for our fair share of equitable quotas and regulations between the user groups to have a future in the resource.

Jersey Coast Anglers Association has always welcomed the input of all recreational fishermen and have been pleading for people to join up and get involved. JCAA works hard every day to represent all recreational fishermen the best we can with what we have. There are some very important issues that have arisen in some of the species that we need to stay on top of.

That’s why we need more people to get involved with committees, so we can have more dedicated individuals to help in the fight. If you are interest in getting involved call the JCAA.

I have also include two letters on important issues that JCAA is working on.. John Koegler (Highly Migratory Species Chairman) attended the public hearing and testified on the importance of keeping Holgate of JCAA. We have been working with NJBBA and Congressman James Saxton on this issue.

Reminder to mark your calendar for the Jersey Coast Anglers Association Sportsperson of the Year Awards Dinner, on November 14,1999 at Crystal Point Marina. We still need nominations for this year’s recipient. Nominations will be excepted in writing at the September’s General Meeting.

As you all know we are in the process of applying for a change in Tax Status, from 501-(c) (4) to 501-(c) (3) which will greatly benefit Jersey Coast Anglers Association in the fight to educate all. We need a By-law change to do that. This is the proposed bylaw change

1. Notwithstanding any other provisions of these articles, the organization is organized exclusively for one or more of the purposes as specified in section 501 (c) (3) of the Internal Revenue Code of 1954, and shall not carry on any activities not permitted to be carried on by an organization exempt from Federal Income Tax under IRC 501 (c) (3) or corresponding provisions of any subsequent Federal Tax Laws.

2. No part of the net earnings of the organization shall insure to the benefit of any member, trustee, director, officer of the organization, or any private individual (except that reasonable compensation may be paid for services rendered to or for the organization) and no member, trustee, officer of the organization or any private individual shall be entitled to share in the distribution of any of the organization's assets on dissolution of the organization.

3. No substantial part of the activities of the organization shall be carrying on propaganda, or otherwise attempting to influence legislation (except as otherwise provided by IRC 501 (h)) and does not participate in, or intervene in (including the publication or distribution of statements), any political campaign on behalf of any candidate for public office.

4. In the event of dissolution, all the remaining assets and property of the organization shall after payment of necessary expenses thereof be distributed to such organizations as shall qualify under section 501 (c) (3) of the Internal Revenue Code of 1986.

5. In any taxable year in which the corporation is a private foundation as described in IRC 509 (a), the organization shall distribute its income for said period at such time and manner as not to subject it to tax under IRC 4942, and the organization shall not;

a. Engage in any act of self-dealing as defined in IRC 4941 (d), retain any excess business holdings as defined in IRC 4943 (c), or

b. Make any investments in such a manner as to subject the organization to tax under IRC 4944, or

c. Make any taxable expenditures as defined in IRC 4945 (d) or corresponding provisions of any subsequent Federal Tax Laws.