6 Oct
2013
6 Oct
'13
12:05 a.m.
On Sat, Oct 5, 2013 at 11:05 PM, GtwoG PublicOhOne <g2g-public01(a)att.net>wrote;wrote:
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.
Alternatively, you can get fiscal sponsorship for 501(c)3 status through an
organization such as School Factory <http://schoolfactory.org>. 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).
Patrik