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Re. Patrick: Yes, and that's one of the favored paths to obtain
independent tax-exempt nonprofit status. <br>
<br>
If the sponsoring organization is doing its job properly, it will
help train members of the new entity, so they are better equipped to
manage things when they achieve independent tax-exempt status. <br>
<br>
Seems to me that's a good path forward if SR decides to become a
nonprofit.<br>
<br>
-G.<br>
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<div class="moz-cite-prefix">On 13-10-06-Sun 12:05 AM, Patrik
D'haeseleer wrote:<br>
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<blockquote
cite="mid:CAKOjizNqMGm9+B31dLBUW83kOuQtgvvqz4dmPUwkfZjmcuYQrw@mail.gmail.com"
type="cite">
<div dir="ltr">On Sat, Oct 5, 2013 at 11:05 PM, GtwoG PublicOhOne
<span dir="ltr"><<a moz-do-not-send="true"
href="mailto:g2g-public01@att.net" target="_blank">g2g-public01@att.net</a>></span>
wrote:<br>
<div class="gmail_extra">
<div class="gmail_quote">
<blockquote class="gmail_quote" style="margin:0 0 0
.8ex;border-left:1px #ccc solid;padding-left:1ex">
<div bgcolor="#FFFFFF" text="#000000"> Then when you make
the filing with IRS, IRS will typically assign someone
to work with you on it, to help get it approved. This
can still take well over a year to become finalized.
But during that time, you can still solicit donations
and suchlike, provided that you inform donors that their
donations may not be tax-deductible, and that an IRS
decision on tax-exempt status is still pending. </div>
</blockquote>
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<div class="gmail_extra">Alternatively, you can get fiscal
sponsorship for 501(c)3 status through an organization such as
<a moz-do-not-send="true" href="http://schoolfactory.org">School
Factory</a>. That way you can start acting as a full 501(c)3
from the start, and they'll help you out with all the
paperwork, assume some financial liability, provide nonprofit
advice, etc. In exchange, they keep 10% of any donations
(*not* including membership fees, since those are not tax
deductable).<br>
<br>
</div>
<div class="gmail_extra">Patrik<br>
</div>
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