I'd be for recycling the old entity if the paperwork is not too crazy
and that the mission is tailored to what sudomesh does.
-jorrit
On Wed, 2017-04-19 at 13:34 -0700, Jenny Ryan wrote:
Hi all,
At the board meeting on Tuesday, we consented on acquiring 501c3
status by the end of 2017.
Should we:
1) take over omni's old 501c3? -or-
2) submit our own application for 501c3 status?
1) - take over omni's old 501c3?
(a) It doesn't have a purpose at the moment, and we worked hella hard
on procuring it. was a long-form application, so has already been
rigorously reviewed by the irs.
(b) can submit amendments to our Articles of Incorporation changing
the name, primary activities + board of directors (this is what we
did for the ooc -> oc switch)
c) maybe best to wait & hear back from the IRS first (jenny submitted
2014 & 2015 taxes about a week ago) as well as omni's lawyer (jesse
palmer)
d) has no assets, but does have 3 years of accounting & credit
history. is up to date on all required gov filings.
2) - submit our own application for 501c3 status?
(a) probably best to do a short-form (1023-EZ) application (less
overhead & faster turnaround) - tho that assumes we are not budgeting
for more then $50K annual gross income. contact jenny to get shared
on current iteration of app.
(b) no inherited bureaucratic headaches from ooc (old-omni entity)
(c) more iffy - the IRS only really scrutinizes you when you
initially apply; but they hardly blink on eye wrt amendments to
articles, bylaws, board, etc;
Thoughts appreciated, hopefully we can make a decision on this by
Mayday :)
--
<3
Jenny
Help open a people-powered common space in Oakland, California!
https://omnicommons.org/donate
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