As members of SDA Batch ’78 (automatic or honorary), we have a lot to be proud of and be thankful for. Dami nating accomplishments as a group for this year 2009.
First, we are now considered a legal entity with the successful SEC registration of our batch name. Cheers to St. Dominic Academy Batch 78 Alumni Association, Inc. (aka SDA Batch '78)
Meron na rin tayong bank account sa BDO under the same legal entity name we established thru SEC.
We also have a good accounting system for our batch funds. Every cent is accounted for and reported to all on a monthly basis.
We have full transparency in everything that we do, available for perusal on our website and thru sometimes annoying emails I sent y’all. :-) We’re open 24/7 for scrutiny, if one wishes to probe of our operations.
Another big thing is the scholarship project I proposed earlier. It is moving forward, thanks to you!
Understandably, not everyone agreed to the proposal...or some just don’t see it as a priority for them...or perhaps some, even if they really want to, just don’t have the capacity to offer financial support at this time.
No problemo amigas, amigo!
Good thing is we have some loving peeps supporting the scholarship project, really putting their money where their mouth is, without hesitation. Some cutely doing it anonymously, mysteriously.;-)
And mind you, a few are even outside of our core group...special thanks to them...
...with a kiss! hehehe
Pero di pa huli ang lahat for those who wishes to be part and help make a dream come true for deserving night high school kids. We still badly need your support, financial or otherwise. Whatever help or support you can offer us...a cent, a prayer or something else, all very much appreciated!
I am confident the scholarship project will be a successful one...many thanks to all those who have already shown their supports and made their pledges! The project is moving the right direction folks...”oh thank you very much”, sabi nga ni Elvis. :-)
My only wish is for this coming year 2010 is that sana marami pang mag-participate para ma-expand natin ang scope ng scholarship project natin… or makagawa pa tayo ng iba pang projects...like my dream library. hehehe
More importantly, we have an open-door policy so anyone can ask questions and raise any concerns, if there’s any, about how we operate as a group. Always feel free to ask when you have questions or doubts. Nothing is personal here so don't hate my guts for being so uber-aggressive and pro-active; we all have the same goal. ;-)
So all of you give yourself a pat on the back, congratulate yourself for a job well done in 2009. You really just didn’t talk the talk, you actually walked the walk. Maraming Salamat Po!
Oh yeah, Happy 2010 nga pala! hehehe...Cheers to the new year!
Showing posts with label SEC. Show all posts
Showing posts with label SEC. Show all posts
Thursday, December 31, 2009
Thursday, May 21, 2009
Certificate of Incorporation
Yes, classmates... We are now officially registered at Security & Exchange Commission (SEC).
Thanks to Eva F for working hard and diligently to make this happen. It’s no joke to prepare all the required administrative documents (by-laws, articles of incorporation, etc). She’s not only a woman of word but also a woman of action...she put the money where her mouth is.
I wish more people are like that. :-)
Yeah yeah...some of her words maybe too much to some people’s ear, kasi nga minsan mataray ang dating. But in spite of that I called weaknesses of her, her strengths shine all the time. We should really appreciate all the things she has done for the group. I couldn’t be happier working with her since our Grand Reunion.
Eva, will you marry me? hahahha
Anyway, enough of that praise! Baka lumaki ang ulo..hehehhe…
By the way, for the purpose of getting SEC-registered and eventually open a bank account we can all call our own, we asked some of your classmates to be Incoporators/Trustees/Officers. In the application we submitted and approved, the names of classmates Teddy A, Wena C, Edith B, Mar B, and Eva F appears on the documents. They were the ones who responded to Eva’s plead. Special kudos to them for their support, professionalism and understanding.
Sayang! I wanted to be included in the apps but unfortunately, I didn’t have the TIN required and my current citizenship was questioned. Hindi daw ako pinoy...in paper...hehehe
As you can see from the image(please click on it to get a full view), our official name is "St. Dominic Academy Batch ’78 Alumni Association, Inc”.
.jpg)
Yes, it would have been nice if the word “Pulilan” was inserted. We honestly tried to include it in the initial application as discussed in one of the meetings but admittedly we made a little “bubu” because the name we first submitted was “SDA Pulilan Batch ’78 Alumni Association, Inc”. The application was denied by SEC because the word “SDA” technically is not allowed.
Anyway, even without the word “Pulilan”, you can be sure no one else bears the same name we will start using from now on. There maybe a gazillion “St. Dominic Academy” in the world, but there’s only one registered at SEC..and that’s us!
Next step in our process is to open the bank account bearing that name. Eva & I have done some research to find out all the bank requirements to open the type of account we need for our purpose: an interest-bearing checking account for a non-profit organization like us, with online banking access.
So far we have contacted BDO, BPI, PNB, and MetroBank and found out the minimum initial deposit required is no less than 15K with same or more maintaining balance. Now, if you know any other bank that is better and favorable to us, please let us know.
Not that the minimum initial deposit matters because all the money we have now and in the future goes to the bank anyway. The maintaining balance is the one we need to keep an eye because banks tend to penalize accounts with less than the required amount. On top of that, any money left in the account will not earn interest at all. Now that’s a bummer!
You will all be notified once we establish our new bank account. I know you are all anxious to start sharing your wealth and be part of a good cause. :-)
Last Sunday homily, oh yes nagsisimba ako every week...the priest mentioned about a recent scientific study that money has everything to do with happiness….
...not in having plenty of them, but in a manner you are sharing them to others.
Hmmm…di kaya sinasabi nya lang yun para dagdagan namin ang ilalagay sa collection basket? Hehehe…
Think about that!
Thanks to Eva F for working hard and diligently to make this happen. It’s no joke to prepare all the required administrative documents (by-laws, articles of incorporation, etc). She’s not only a woman of word but also a woman of action...she put the money where her mouth is.
I wish more people are like that. :-)
Yeah yeah...some of her words maybe too much to some people’s ear, kasi nga minsan mataray ang dating. But in spite of that I called weaknesses of her, her strengths shine all the time. We should really appreciate all the things she has done for the group. I couldn’t be happier working with her since our Grand Reunion.
Eva, will you marry me? hahahha
Anyway, enough of that praise! Baka lumaki ang ulo..hehehhe…
By the way, for the purpose of getting SEC-registered and eventually open a bank account we can all call our own, we asked some of your classmates to be Incoporators/Trustees/Officers. In the application we submitted and approved, the names of classmates Teddy A, Wena C, Edith B, Mar B, and Eva F appears on the documents. They were the ones who responded to Eva’s plead. Special kudos to them for their support, professionalism and understanding.
Sayang! I wanted to be included in the apps but unfortunately, I didn’t have the TIN required and my current citizenship was questioned. Hindi daw ako pinoy...in paper...hehehe
As you can see from the image(please click on it to get a full view), our official name is "St. Dominic Academy Batch ’78 Alumni Association, Inc”.
.jpg)
Yes, it would have been nice if the word “Pulilan” was inserted. We honestly tried to include it in the initial application as discussed in one of the meetings but admittedly we made a little “bubu” because the name we first submitted was “SDA Pulilan Batch ’78 Alumni Association, Inc”. The application was denied by SEC because the word “SDA” technically is not allowed.Anyway, even without the word “Pulilan”, you can be sure no one else bears the same name we will start using from now on. There maybe a gazillion “St. Dominic Academy” in the world, but there’s only one registered at SEC..and that’s us!
Next step in our process is to open the bank account bearing that name. Eva & I have done some research to find out all the bank requirements to open the type of account we need for our purpose: an interest-bearing checking account for a non-profit organization like us, with online banking access.
So far we have contacted BDO, BPI, PNB, and MetroBank and found out the minimum initial deposit required is no less than 15K with same or more maintaining balance. Now, if you know any other bank that is better and favorable to us, please let us know.
Not that the minimum initial deposit matters because all the money we have now and in the future goes to the bank anyway. The maintaining balance is the one we need to keep an eye because banks tend to penalize accounts with less than the required amount. On top of that, any money left in the account will not earn interest at all. Now that’s a bummer!
You will all be notified once we establish our new bank account. I know you are all anxious to start sharing your wealth and be part of a good cause. :-)
Last Sunday homily, oh yes nagsisimba ako every week...the priest mentioned about a recent scientific study that money has everything to do with happiness….
...not in having plenty of them, but in a manner you are sharing them to others.
Hmmm…di kaya sinasabi nya lang yun para dagdagan namin ang ilalagay sa collection basket? Hehehe…
Think about that!
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