AMENDED ARTICLES OF INCORPORATION OF

THE ERIE HIGH SCHOOL EDUCATION FOUNDATION, INC.

A Non Profit Corporation

(rev. 5/2021)

KNOW ALL MEN BY THESE PRESENTS, that the undersigned incorporator who is of the age of twenty-one (21) years or more, and pursuant to C.R.S. § 7-121-101 et seq of the Colorado Non Profit Act, desiring to amend the Articles of Organization for a non-profit corporation, make, sign and verify these Amended Articles of Incorporation. 

ARTICLE I Name

The name of this corporation is The Erie High School Education Foundation, Inc. (The “Foundation”). 

ARTICLE II Period of Duration 

This Corporation shall exist in perpetuity, from and after the date of filing of these Amended Articles of Incorporation with the Secretary of State of the State of Colorado, unless dissolved according to law.

ARTICLE III Purposes and Powers 

The Foundation is organized and shall be operated exclusively for educational and charitable purposes and is designed primarily to promote the welfare of students attending, graduates of and staff members employed at Erie High School, 3180 Weld County Road 5, Erie, Colorado, as may, from time to time may qualify as exempt under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. 

The Foundation shall have and be empowered to exercise all rights, privileges, powers, and immunities conferred upon nonprofit corporations organized under the laws of the State of Colorado, as the same may be amended from time to time. 

To accomplish these purposes, the Foundation, although not limited to the following shall have the power to:

1.     To acquire by gift, bequest, devise, endowment or purchase, real and personal property: to own, hold, improve, use, manage, sell, convey, lease, encumber, exchange, and dispose of such property; and to use any and all such property for the uses of the Foundation. 

2.     To lease, as lessee, the property of others; to build, erect, construct and equip buildings and other improvements upon the land of the Foundation or the lands of others; and to purchase or lease equipment. 

3.     To invest and reinvest in, acquire, hold, mortgage, pledge, hypothecate, re-sell, exchange, transfer or otherwise dispose of securities of any nature and exercise all of the rights, powers, and privileges of ownership thereof, including the right to vote thereon for any and all purposes. 

4.     To act as trustee of trusts or otherwise act in fiduciary capacity when so designated in any inter vivos or testamentary gift and become the beneficiary of insurance policies and annuities. 

5.     To enter into, make and perform contracts of every kind for any lawful purpose, without limit as to amount, with any person, firm, association, corporation, town, city, county, district, state, territory, or government. 

6.     To support the chairs of learning, instructorship, fellowships, grants-in-aid, and scholarships at Erie High School and to endow the same and make donations for education purposes. 

7.     To hire or appoint employees or agents of the Foundation, define their duties, fix their compensation, and terminate their employment or appointment, with or without cause. 

ARTICLE IV Restrictions

1.         Notwithstanding any other provision of these Articles, the Foundation shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code of 1986, or the corresponding section of any future federal tax code, or (b) by a corporation, contributions to which are deductible under section 170(c)(2) of the Internal Revenue Code of 1986, or corresponding provision of any future United States Internal Revenue Law.

2.         The Foundation is not organized for pecuniary profit or financial gain. No part of the net earnings of the Foundation shall inure to the benefit of, or be distributable to its members, directors, trustees, officers, or other private persons, provided that the Foundation shall be authorized and empowered to reimburse any person for (and reimburse any person for reasonable expenses incurred with) services rendered and to make payments and distributions to any person in furtherance of the purposes set forth in Article IV hereof.

3.         The Foundation shall not participate or intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office or engage in any activities which could characterize it as an “action” organization as defined by Treasury Regulation Section 1.501(c)(3) promulgated under the Code.

4.         The Foundation shall not discriminate in any way against any person on the basis of race, color, creed, national origin, physical handicap, gender, or sexual orientation.

ARTICLE V Membership and Capital Stock 

This Foundation shall have no members. The Foundation shall have no capital stock.

ARTICLE VI Board of Directors

1.         The affairs and management of the Foundation shall be under the control of a Board of Directors (”Board of Directors” or “Board”). The number of Directors of the Foundation shall be fixed by the Bylaws, or if the Bylaws fail to fix such a number, then by a resolution adopted from time to time by the Board of Directors, provided that the number of Directors shall not be more than fifteen (15) or fewer than seven (7). The initial Board of Directors of the Foundation consists of nine (9) directors. The names and addresses of the persons who shall serve as the Directors of the Foundation until successors are elected and shall qualify are:

Name Address

Janice Whalen 2480 Bellanca Court, Erie, CO 80516

Steve Payne 3180 Weld County Road 5, Erie, CO 80516

Doug Kudrna 3180 Weld County Road 5, Erie, CO 80516

Dave Sullivan 640 Briggs Street (PO Box 344), Erie, CO 80516

Dave Hulstrom 2600 Weld County Road 7, Erie, CO 80516

Judy Rusk 11830 Billings Ave., Lafayette, CO 80026

L. Charles Laursen 2995 Thunder Lake Circle, Lafayette, CO 80026

James Feely 178 Bonanza Drive, Erie, CO 80516 

2.         In addition to the “Student Advisory Panel to the Board” appointed by the Principal of Erie High School pursuant to Section 5 of this Article, at least one (1) of the remaining seven (7) Directors shall be a member of the administrative staff at Erie High School. 

3.         Directors shall be elected by the Board of Directors of the Foundation at its annual meeting. The terms of the Directors shall be for three (3) years, and the terms shall be staggered so that an equal number (as nearly as possible) shall be elected at each annual meeting of the Board of Directors. 

4.         If there is a vacancy in a directorship, the remaining Directors shall appoint a Director to act until the next annual meeting of the Board of Directors, who shall then elect a Director for the balance of the vacated term. Sections 2 and 5 of this Article shall not apply to the Director appointed pursuant to Section 5. 

5.         At least two (2) students currently attending Erie High School shall be appointed by the Principal of Erie High School as a “Student Advisory Panel to the Board” for a term of one (1) year (January to January). Any vacancy of a “Student Advisor” shall be appointed by the Principal of Erie High School.

ARTICLE VII Bylaws 

The Board of Directors shall have the power to adopt, amend and repeal the Foundation’s Bylaws as it may deem proper for the management of the affairs of the Foundation. Such Bylaws shall further prescribe the authority under which conveyance of encumbrance of all or any part of the corporate property may be made, and the persons who shall be authorized to execute the instruments of conveyance and encumbrance. Any adoption, amendment or repeal of such Bylaws shall be done at a regular meeting(s) of the Board of Directors or a special meeting(s) of the Board of Directors called for that purpose, as procedurally directed in the Bylaws for such changes.

ARTICLE VIII Registered Office and Registered Agent 

The principal office for the transaction of the business of the Foundation in the State of Colorado shall be 3180 Weld County Road 5, Erie, CO 80516. The initial registered agent is Stephen Hulet, 2955 Valmont Road, Suite 210, Boulder, Colorado 80301. Either the registered office or the registered agent may be changed in the manner permitted by law. 

ARTICLE IX Change in Articles of Incorporation 

The Board of Directors of this Foundation shall have the power to make, amend and repeal the Articles of Incorporation of the Foundation by an affirmative vote of a majority of the Directors present at any proper, regular or special meeting of the board, and as procedurally directed in the Bylaws for such changes, provided that no action may be taken which would change materially the purposes for which the Foundation was formed of which would affect adversely the nonprofit corporation organized under the laws of Colorado.

ARTICLE X Dissolution 

The Directors of the Foundation may, by a two thirds (2/3) majority, and as procedurally directed in the Bylaws for such changes, vote to dissolve the Foundation through the adoption of a resolution to dissolve at a regular or special meeting(s) of the Board of Directors, provided, however, that notice of such meeting(s) shall provide notice that dissolution is to be considered at that meeting(s).

No distribution of property of the Foundation shall be made upon its final dissolution until all debts and liabilities are fully paid or satisfied. Any such distribution shall be made only upon a majority vote of the Directors. 

Upon the dissolution of the Foundation, the Foundation shall, after paying of all of its liabilities, dispose of all remaining assets exclusively for the purposes of the Foundation , directly to Erie High School (or its predecessor), Erie, Colorado, either as a general endowment or for such restricted education, scientific, charitable or other exempt purpose or purposes as outlined in Section 501(c)(3) of the Internal Revenue Code of 1986, or corresponding section of any future federal tax code as the Board of Directors of the Corporation shall direct in writing so long as the purpose or purposes qualify as exempt under Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code, as the Board of Directors shall determine; provided that if at the time of dissolution of the Corporation, the Board of Directors shall determine that the Erie High School(or its predecessor), Erie, Colorado is unable or unwilling to accept such transfer or effectively carry out the purposes accomplished thereby, then the board may transfer the remaining assets or any part thereof to St. Vrain Valley School District RE-1J or its predecessor or such other institution or institutions as it may select, for charitable, educational or scientific uses, subject only to the requirement that such uses shall be for purposes which are exempt under Section 501(c)(3) of the Internal Revenue Code. Any such asset(s) not so disposed of shall be disposed of by the District Court of the county in which the principal office of the Foundation is then located exclusively for such purposes or to such organization or organizations, as said Court shall determine which are organized and operated exclusively for such purposes.

ARTICLE XI Indemnification 

The Foundation shall have the power, to the fullest extent permitted by statute, to indemnify any current or former directors, officers, employees, or agents who were or who are a party or is threatening to be made a party to any threatened, pending or completed suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he or she is or was serving at the request of the Foundation.

Said person may be indemnified against expenses, attorneys' fees, judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with such action, suit or proceeding if he or she acted in good faith and in a manner reasonably believed to be in the best interest of the Foundation.

ARTICLE XII Limited Liability of Directors

Pursuant to the provisions of Colorado Revised Statute § 7-128-402, as amended, the personal liability of a Director to the Foundation or its shareholders for monetary damages for breach of fiduciary duty as a Director is hereby eliminated, subject to the exceptions and limitations set forth in that provision. Any repeal or modification of this Article XII by the Directors of the Foundation shall follow the procedures directed in the Bylaws for such changes, and shall follow, and not adversely affect any right or protection of a Director of the Foundation existing at the time of such repeal or modification.

ARTICLE XIII Internal Revenue Code

All references herein to the Internal Revenue Code shall be deemed to mean the Internal Revenue Code of 1954, as amended, as it presently is constituted, as it may be amended, or any successor state of similar purpose.

ARTICLE XIV Incorporators 

The name and address of the incorporator is:

Name                                                              Address

Janice M. Whalen                                         2480 Bellanca Court, Erie, CO 80516 

IN WITNESS WHEREOF, the above-named incorporator has executed the Amended Articles of Incorporation this 13th day of May, 2021.                                                                                    

David S. Sullivan - President