Filing for non-profit status - Revision history

Jferguson at 13:33, 23 August 2011

2011-08-23T13:33:49Z

← Older revision		Revision as of 13:33, 23 August 2011
Line 1:		Line 1:
			== {{date\|2011-03-31\|mdy}} ==
			After careful consideration and much discussion with various other hackerspaces we've currently decided to stay a "Mutual Non-Profit Organization". This leaves us in the most flexible position without having to change how the group operates or is set up to fall in line with what would be required for 501(c)(3). Specifically the member owned tools : as a 501(c)(3) in the event of the group disbanding everything owned by the group would have to be distributed to other 501(c)(3) organizations. Considering how much equipment and tools we have "on loan", it would require a tremendous amount of work to reorganize the group in a similar fashion to what Makers Local 256 has done in Huntsville. They have setup their group as a 501(c)(3) however all tools, equipment, and other included items are designated "owned by the members of the group", this is a sidestep to handling the issues of equipment dispersal in the event of the group disbanding.

	== {{date\|2010-11-16\|mdy}} ==		== {{date\|2010-11-16\|mdy}} ==
	The changes that were previously mentioned in the pricing for non profit status have been reverted. This is due to the hold on the Cyber Assistant form being released. It will not be released in 2010, and has apparently been put on hold for the past 3 or 4 years. We do not want to wait past our second year to file for the status because of all the backwards paperwork. This means our cost for filing will be $400, and we aim to file shortly after we move into a location. The expected time frame for this is filing somewhere in January or February, and hope to have a response 3 months to 6 months after.		The changes that were previously mentioned in the pricing for non profit status have been reverted. This is due to the hold on the Cyber Assistant form being released. It will not be released in 2010, and has apparently been put on hold for the past 3 or 4 years. We do not want to wait past our second year to file for the status because of all the backwards paperwork. This means our cost for filing will be $400, and we aim to file shortly after we move into a location. The expected time frame for this is filing somewhere in January or February, and hope to have a response 3 months to 6 months after.

Dan9186: update on costs and filing

2010-11-16T17:50:43Z

update on costs and filing

← Older revision		Revision as of 17:50, 16 November 2010
Line 1:		Line 1:
			== {{date\|2010-11-16\|mdy}} ==
			The changes that were previously mentioned in the pricing for non profit status have been reverted. This is due to the hold on the Cyber Assistant form being released. It will not be released in 2010, and has apparently been put on hold for the past 3 or 4 years. We do not want to wait past our second year to file for the status because of all the backwards paperwork. This means our cost for filing will be $400, and we aim to file shortly after we move into a location. The expected time frame for this is filing somewhere in January or February, and hope to have a response 3 months to 6 months after.

	== {{date\|2010-06-10\|mdy}} ==		== {{date\|2010-06-10\|mdy}} ==
	The draft of the bylaws has been a long and hard process, but is now ready for the scrutiny of the rest of the group. We encourage others to pick at them and find where they think things should differ. Feel free to place those edits (in an orderly manner) on the [[Bylaws]] page itself.		The draft of the bylaws has been a long and hard process, but is now ready for the scrutiny of the rest of the group. We encourage others to pick at them and find where they think things should differ. Feel free to place those edits (in an orderly manner) on the [[Bylaws]] page itself.

Dan9186: long overdue updates

2010-10-17T18:16:28Z

long overdue updates

← Older revision		Revision as of 18:16, 17 October 2010
Line 1:		Line 1:
			== {{date\|2010-06-10\|mdy}} ==
			The draft of the bylaws has been a long and hard process, but is now ready for the scrutiny of the rest of the group. We encourage others to pick at them and find where they think things should differ. Feel free to place those edits (in an orderly manner) on the [[Bylaws]] page itself.

			== {{date\|2010-05-14\|mdy}} ==
			The IRS has announced that the Cyber Assist is delayed due to glitches in the system and will not be released in 2010. This comes as a disappointment as the fees would have been only $200 for us to apply. However there is good news and that is that the original changes listed of it costing $850 to apply are not in place yet. The IRS is still accepting the application with the $400 fee instead.

	== {{date\|2010-04-30\|mdy}} ==		== {{date\|2010-04-30\|mdy}} ==
	The bylaws are expected to be complete within a months time. Once the bylaws are complete, we will proceed with filling out the 1023 form for the 501(c)(3) application. This will put us drastically ahead for when the Cyber Assist is finally released. This way we can apply almost immediately once the form becomes available online.		The bylaws are expected to be complete within a months time. Once the bylaws are complete, we will proceed with filling out the 1023 form for the 501(c)(3) application. This will put us drastically ahead for when the Cyber Assist is finally released. This way we can apply almost immediately once the form becomes available online.
Line 7:		Line 13:
	We have decided to go with the 501(c)(3) option after comparing the following.		We have decided to go with the 501(c)(3) option after comparing the following.

	== Public Benefit 501(c)(3) ===		=== Public Benefit 501(c)(3) ===
	* '''Cost:''' $850 if file in paper, $200 if file online		* '''Cost:''' $850 if file in paper, $200 if file online
	* This would be a public benefit type of organization and would then qualify for tax exemption.		* This would be a public benefit type of organization and would then qualify for tax exemption.

Dan9186 at 17:34, 30 April 2010

2010-04-30T17:34:00Z

← Older revision		Revision as of 17:34, 30 April 2010
Line 1:		Line 1:
			== {{date\|2010-04-30\|mdy}} ==
			The bylaws are expected to be complete within a months time. Once the bylaws are complete, we will proceed with filling out the 1023 form for the 501(c)(3) application. This will put us drastically ahead for when the Cyber Assist is finally released. This way we can apply almost immediately once the form becomes available online.

			Cyber Assist is supposed to become available during this year.

	== {{date\|2010-03-05\|mdy}} ==		== {{date\|2010-03-05\|mdy}} ==
	We have decided to go with the 501(c)(3) option after comparing the following.		We have decided to go with the 501(c)(3) option after comparing the following.

Dan9186 at 03:39, 9 April 2010

2010-04-09T03:39:05Z

← Older revision		Revision as of 03:39, 9 April 2010
Line 1:		Line 1:
	== ~~Next Steps~~ ==		== {{date\|2010-03-05\|mdy}} ==
	=== Public Benefit ~~Non Profit~~ 501(c)(3) ===		We have decided to go with the 501(c)(3) option after comparing the following.

			== Public Benefit 501(c)(3) ===
	* '''Cost:''' $850 if file in paper, $200 if file online		* '''Cost:''' $850 if file in paper, $200 if file online
	* This would be a public benefit type of organization and would then qualify for tax exemption.		* This would be a public benefit type of organization and would then qualify for tax exemption.

Dan9186: /* Next Steps */

2010-03-20T18:16:59Z

Next Steps

← Older revision		Revision as of 18:16, 20 March 2010
Line 1:		Line 1:
	== Next Steps ==		== Next Steps ==
	=== Public Benefit Non Profit 501(c)(3) ===		=== Public Benefit Non Profit 501(c)(3) ===
	* '''Cost:''' $~~400~~ if file in paper, $200 if file online		* '''Cost:''' $850 if file in paper, $200 if file online
	* This would be a public benefit type of organization and would then qualify for tax exemption.		* This would be a public benefit type of organization and would then qualify for tax exemption.
	* If the group were to dissolve, all assets of the organization would have to go to another public benefit organization, the state government, or federal government.		* If the group were to dissolve, all assets of the organization would have to go to another public benefit organization, the state government, or federal government.
Line 8:		Line 8:
	* If the group were to dissolve, the assets could be dispersed amongst the members.		* If the group were to dissolve, the assets could be dispersed amongst the members.
	* Smaller to no extra cost		* Smaller to no extra cost
	* ~~Handles tax~~ exemptions ~~differently~~		* No Tax exemptions

	== {{date\|2010-02-04\|mdy}} ==		== {{date\|2010-02-04\|mdy}} ==

Dan9186 at 16:49, 12 February 2010

2010-02-12T16:49:19Z

← Older revision		Revision as of 16:49, 12 February 2010
Line 1:		Line 1:
	== Next Steps ==		== Next Steps ==
	=== 501(c)3 ===		=== Public Benefit Non Profit 501(c)(3) ===
	* We eventually will want to become a {{wpl\|501(c)3}} registered organization. That will put us on the national level of non profit.
	* '''Cost:''' $400 if file in paper, $200 if file online		* '''Cost:''' $400 if file in paper, $200 if file online
			* This would be a public benefit type of organization and would then qualify for tax exemption.
			* If the group were to dissolve, all assets of the organization would have to go to another public benefit organization, the state government, or federal government.

	=== ~~Tax Exemption~~ ===		=== Mutual Benefit Non Profit ===
	* ~~There are some specifications on yearly tax exemptions based on~~ the ~~annual income of~~ the ~~organization. I'm currently not sure of what that amount is or how we make sure that we are exempt from such things. My first guess is that this will~~ be ~~something we have to file with~~ the ~~IRS~~.		* If the group were to dissolve, the assets could be dispersed amongst the members.
			* Smaller to no extra cost
			* Handles tax exemptions differently

	~~=== Sales Tax Exemption ==~~		== {{date\|2010-02-04\|mdy}} ==
	* We want to make sure that we are exempt from sales tax within the state at least, if not more than that. We need to find out if this is a separate filing, how to file it, where to file it, and what the costs are.

	== {{date\|2010-02-04\|mdy}} ===
	The letter has arrived and we are officially filed with the State of Tennessee as a non profit organization. Next step is to try and get our Tax ID from the IRS.		The letter has arrived and we are officially filed with the State of Tennessee as a non profit organization. Next step is to try and get our Tax ID from the IRS.

Dan9186: adding more notes and future steps

2010-02-08T05:57:23Z

adding more notes and future steps

← Older revision		Revision as of 05:57, 8 February 2010
Line 1:		Line 1:
	== {{~~date\|2010-01-25~~\|~~mdy~~}} ==		== Next Steps ==
	~~Our paperwork has been filled out and sent off~~. ~~The total cost was $100~~. ~~Hopefully within a few weeks,~~ we~~'ll~~ have ~~an answer stating~~ that we are ~~officially a non profit organization~~ within the state of {{~~wpl~~\|~~Tennessee~~}}~~. In the mean time~~ we are ~~going to trudge along trying to interest more people~~. ~~If we~~ get ~~turned down for~~ the ~~non profit status, we'll try again~~.		=== 501(c)3 ===
			* We eventually will want to become a {{wpl\|501(c)3}} registered organization. That will put us on the national level of non profit.
			* '''Cost:''' $400 if file in paper, $200 if file online

			=== Tax Exemption ===
			* There are some specifications on yearly tax exemptions based on the annual income of the organization. I'm currently not sure of what that amount is or how we make sure that we are exempt from such things. My first guess is that this will be something we have to file with the IRS.

			=== Sales Tax Exemption ==
			* We want to make sure that we are exempt from sales tax within the state at least, if not more than that. We need to find out if this is a separate filing, how to file it, where to file it, and what the costs are.

			== {{date\|2010-02-04\|mdy}} ===
			The letter has arrived and we are officially filed with the State of Tennessee as a non profit organization. Next step is to try and get our Tax ID from the IRS.

	== {{date\|2010-02-02\|mdy}} ==		== {{date\|2010-02-02\|mdy}} ==
	The check has been withdrawn, and it shows going to the Department of Treasury for the State of Tennessee. So looks like they have at least received our paperwork and have attempted filing it. We won't know until another couple of days whether our paperwork was successful or not, but at least it looks like we're moving along.		The check has been withdrawn, and it shows going to the Department of Treasury for the State of Tennessee. So looks like they have at least received our paperwork and have attempted filing it. We won't know until another couple of days whether our paperwork was successful or not, but at least it looks like we're moving along.

	== {{date\|2010-02-04\|mdy}} ==		== {{date\|2010-01-25\|mdy}} ==
	~~The letter~~ has ~~arrived~~ and we are officially ~~filed with the State of Tennessee as~~ a non profit organization. ~~Next step is~~ to ~~try and~~ get ~~our Tax ID from~~ the ~~IRS~~.		Our paperwork has been filled out and sent off. The total cost was $100. Hopefully within a few weeks, we'll have an answer stating that we are officially a non profit organization within the state of {{wpl\|Tennessee}}. In the mean time we are going to trudge along trying to interest more people. If we get turned down for the non profit status, we'll try again.

192.55.208.10 at 20:09, 4 February 2010

2010-02-04T20:09:59Z

← Older revision		Revision as of 20:09, 4 February 2010
Line 4:		Line 4:
	== {{date\|2010-02-02\|mdy}} ==		== {{date\|2010-02-02\|mdy}} ==
	The check has been withdrawn, and it shows going to the Department of Treasury for the State of Tennessee. So looks like they have at least received our paperwork and have attempted filing it. We won't know until another couple of days whether our paperwork was successful or not, but at least it looks like we're moving along.		The check has been withdrawn, and it shows going to the Department of Treasury for the State of Tennessee. So looks like they have at least received our paperwork and have attempted filing it. We won't know until another couple of days whether our paperwork was successful or not, but at least it looks like we're moving along.

			== {{date\|2010-02-04\|mdy}} ==
			The letter has arrived and we are officially filed with the State of Tennessee as a non profit organization. Next step is to try and get our Tax ID from the IRS.

Dan9186 at 15:25, 3 February 2010

2010-02-03T15:25:35Z

← Older revision		Revision as of 15:25, 3 February 2010
Line 1:		Line 1:
	== 25 ~~January 2010~~ ==		== {{date\|2010-01-25\|mdy}} ==
	Our paperwork has been filled out and sent off. The total cost was $100. Hopefully within a few weeks, we'll have an answer stating that we are officially a non profit organization within the state of {{wpl\|Tennessee}}. In the mean time we are going to trudge along trying to interest more people. If we get turned down for the non profit status, we'll try again.		Our paperwork has been filled out and sent off. The total cost was $100. Hopefully within a few weeks, we'll have an answer stating that we are officially a non profit organization within the state of {{wpl\|Tennessee}}. In the mean time we are going to trudge along trying to interest more people. If we get turned down for the non profit status, we'll try again.

			== {{date\|2010-02-02\|mdy}} ==
			The check has been withdrawn, and it shows going to the Department of Treasury for the State of Tennessee. So looks like they have at least received our paperwork and have attempted filing it. We won't know until another couple of days whether our paperwork was successful or not, but at least it looks like we're moving along.