PAII is now a NON-PROFIT Corporation
PAII was originally founded – back in 1987 – as a for-profit association. Because PAII has always operated similarly to a non-profit, that is, the income went to fund operations and was not distributed to 'shareholders', most members are surprised to learn that PAII was not originally a non-profit.
So, what was the process?
· PAII submitted all of the required documents and has re-incorporated as a non-profit in the state of Wyoming. Wyoming was chosen as it is one of the lowest cost jurisdictions and corporation-
· The filing and determination by the IRS of 501(c) status, as many who work with nonprofits will already know, often takes months to complete and receive, but will be retroactive to PAII's re-incorporation date.
· The Distinguished Inns Alliance (DIA), the group of innkeepers and industry partners that purchased PAII from the founders in 2000, had been administratively dissolved.
· The for-profit PAII, incorporated in California, has also been dissolved.
All types of current and paid memberships remain valid, with access and benefits also remaining the same. Member dues will continue to be tax-deductible as a business expense as PAII is not a 'charity' but rather a professional organization/
The new non-profit PAII will operate as we have since 2015 (present administration)
Come celebrate your revitalized PAII with us in LAS VEGAS January 14-17, at the 2019 PAII Innkeeping Conference & Trade Show!