17 Dec
2014
17 Dec
'14
6 p.m.
1) Do we even really need 501c3? 501c3 is a means to an end. The benefit is
that large institutions wont donate or grant to us without it. The downside
is that it will cost several hundred dollars and is a PITA from a effort
point of view. Smaller institutions can donate to us and get their
donations tax exempted as long as they do, (and they can) argue that we are
in spirit a non-profit. So we should only get 501c3, if we think other
umbrellas aren't easier, and we see big donations coming in later.
1a) we need to determine the probability of getting such a donation from a
large instituion in the next year
2) Incorporating. It's not enough to just file papers because in a pinch if
we do not act and do all our board meeting officiating properly we could be
dismissed as a farce of a incorporation.
3) changing the articles of incorporation has to happen in sacramento and
is expensive and slow. it's easier to edit the by laws if possible.
4) we need to make records whenever the board of directors issues
dirctives, however small.
5) if we ever became so attached to the omni that it would break sudo
spiritually or financially to move out then we need to get a formal
contract with omni.
6) the IRS is allergic to nonprofits that use certain words like "tea
party" and surprisingly "open source" because they've been burned by
those
types before.
7) treasurer does not have heightened financially responsibility than
anyone else on the board.
Make a great day,
Max Klein ‽ http://notconfusing.com/
18 Dec
18 Dec
3:29 p.m.
Is there a friendly 501c3 org that would let us operate under their tax
exempt status until we're incorporated and IRS-blessed? Six months to a
year?
I've seen this done properly elsewhere when new projects were starting and
were part of an ecosystem of more established orgs. The umbrella org has
the CPA and bank account for collecting grant money and other donations.
The "client" organization paid a tiny fee to the parent for processing. The
new org would describe themselves as "New Org, a project of Old Org, a
501(c)3 not-for-profit."
Phil Wolff
pwolff(a)gmail.com
skype:evanwolf
+1-510-343-5664
http://about.me/evanwolf bio
<http://letmydatago.org/>http://twitter.com/evanwolf @
http://www.linkedin.com/in/philwolff cv
http://LetMyDataGo.org blog
http://www.facebook.com/philwolff face
On Wed, Dec 17, 2014 at 6:00 PM, Maximilian Klein <isalix(a)gmail.com> wrote:
1) Do we even really need 501c3? 501c3 is a means to an end. The benefit
is that large institutions wont donate or grant to us without it. The
downside is that it will cost several hundred dollars and is a PITA from a
effort point of view. Smaller institutions can donate to us and get their
donations tax exempted as long as they do, (and they can) argue that we are
in spirit a non-profit. So we should only get 501c3, if we think other
umbrellas aren't easier, and we see big donations coming in later.
1a) we need to determine the probability of getting such a donation from a
large instituion in the next year
2) Incorporating. It's not enough to just file papers because in a pinch
if we do not act and do all our board meeting officiating properly we could
be dismissed as a farce of a incorporation.
3) changing the articles of incorporation has to happen in sacramento and
is expensive and slow. it's easier to edit the by laws if possible.
4) we need to make records whenever the board of directors issues
dirctives, however small.
5) if we ever became so attached to the omni that it would break sudo
spiritually or financially to move out then we need to get a formal
contract with omni.
6) the IRS is allergic to nonprofits that use certain words like "tea
party" and surprisingly "open source" because they've been burned by
those
types before.
7) treasurer does not have heightened financially responsibility than
anyone else on the board.
Make a great day,
Max Klein ‽ http://notconfusing.com/
_______________________________________________
sudo-discuss mailing list
sudo-discuss(a)lists.sudoroom.org
https://lists.sudoroom.org/listinfo/sudo-discuss
3:52 p.m.
The Omni is using Food Not Bombs as their 501(c)3 "fiscal sponsor". All the
funds from their current IndieGogo campaign are being channeled through
FNB, for example. FNB is providing this service for free. Most
organizations do charge something, because they take on additional
paperwork effort, and some legal liability on your behalf.
Another option we've discussed in the past for Sudo is School Factory
<https://schoolfactory.org/>, a non-profit whose sole purpose is to help
other hackerspaces off the ground. They are more expensive - if I remember
correctly, they charge 10% of all donations (*not* including membership
fees!) - but in exchange you get a lot of handholding in terms of learning
how to do all the paperwork etc, and even classes on leadership, community
building etc.
When we talked to School Factory for Counter Culture Labs, they strongly
advised against doing a voting-membership style organization though,
because of the additional legal complications compared to having a simple
board-run organization.
For CCL, we decided to do the 1023 (501(c)3 application form) ourselves. It
takes a bit of effort, but it's not too bad once you know what is expected.
Kinda like writing Bylaws, really. We managed to dig up 1023 forms from a
number of different organization, including response letters from the IRS
pointing out mistakes in their applications and asking for more info.
Patrik
On Thu, Dec 18, 2014 at 3:29 PM, Phil Wolff <pwolff(a)gmail.com> wrote:
Is there a friendly 501c3 org that would let us operate under their tax
exempt status until we're incorporated and IRS-blessed? Six months to a
year?
I've seen this done properly elsewhere when new projects were starting and
were part of an ecosystem of more established orgs. The umbrella org has
the CPA and bank account for collecting grant money and other donations.
The "client" organization paid a tiny fee to the parent for processing. The
new org would describe themselves as "New Org, a project of Old Org, a
501(c)3 not-for-profit."
Phil Wolff
pwolff(a)gmail.com
skype:evanwolf
+1-510-343-5664
http://about.me/evanwolf bio
<http://letmydatago.org/>http://twitter.com/evanwolf @
http://www.linkedin.com/in/philwolff cv
http://LetMyDataGo.org blog
http://www.facebook.com/philwolff face
On Wed, Dec 17, 2014 at 6:00 PM, Maximilian Klein <isalix(a)gmail.com>
wrote:
1) Do we even really need 501c3? 501c3 is a means
to an end. The benefit
is that large institutions wont donate or grant to us without it. The
downside is that it will cost several hundred dollars and is a PITA from a
effort point of view. Smaller institutions can donate to us and get their
donations tax exempted as long as they do, (and they can) argue that we are
in spirit a non-profit. So we should only get 501c3, if we think other
umbrellas aren't easier, and we see big donations coming in later.
1a) we need to determine the probability of getting such a donation from
a large instituion in the next year
2) Incorporating. It's not enough to just file papers because in a pinch
if we do not act and do all our board meeting officiating properly we could
be dismissed as a farce of a incorporation.
3) changing the articles of incorporation has to happen in sacramento and
is expensive and slow. it's easier to edit the by laws if possible.
4) we need to make records whenever the board of directors issues
dirctives, however small.
5) if we ever became so attached to the omni that it would break sudo
spiritually or financially to move out then we need to get a formal
contract with omni.
6) the IRS is allergic to nonprofits that use certain words like "tea
party" and surprisingly "open source" because they've been burned by
those
types before.
7) treasurer does not have heightened financially responsibility than
anyone else on the board.
Make a great day,
Max Klein ‽ http://notconfusing.com/
_______________________________________________
sudo-discuss mailing list
sudo-discuss(a)lists.sudoroom.org
https://lists.sudoroom.org/listinfo/sudo-discuss
_______________________________________________
sudo-discuss mailing list
sudo-discuss(a)lists.sudoroom.org
https://lists.sudoroom.org/listinfo/sudo-discuss
28 Dec
28 Dec
3:42 p.m.
New subject: a poll! should sudo become a 501c3
Thanks for this input, Patrik and Phil,
Seems like we need to decide if becoming a 501c3 is worth the several
$100 investment and mental energy.
Consider this an open poll to determine if a 501c3 is the wise path for
sudo: https://dudle.inf.tu-dresden.de/sudo501c3
does anyone have any leads or aspirations of sudoroom receiving large
grants?
does anyone have relationships ongoing or in the works that need tax
receipts for donations that we have received or may potentially receive?
Please log your responses here: https://dudle.inf.tu-dresden.de/sudo501c3/
onward,
april
On 12/18/14 3:52 PM, Patrik D'haeseleer wrote:
The Omni is using Food Not Bombs as their 501(c)3
"fiscal sponsor".
All the funds from their current IndieGogo campaign are being
channeled through FNB, for example. FNB is providing this service for
free. Most organizations do charge something, because they take on
additional paperwork effort, and some legal liability on your behalf.
Another option we've discussed in the past for Sudo is School Factory
<https://schoolfactory.org/>, a non-profit whose sole purpose is to
help other hackerspaces off the ground. They are more expensive - if I
remember correctly, they charge 10% of all donations (*not* including
membership fees!) - but in exchange you get a lot of handholding in
terms of learning how to do all the paperwork etc, and even classes on
leadership, community building etc.
When we talked to School Factory for Counter Culture Labs, they
strongly advised against doing a voting-membership style organization
though, because of the additional legal complications compared to
having a simple board-run organization.
For CCL, we decided to do the 1023 (501(c)3 application form)
ourselves. It takes a bit of effort, but it's not too bad once you
know what is expected. Kinda like writing Bylaws, really. We managed
to dig up 1023 forms from a number of different organization,
including response letters from the IRS pointing out mistakes in their
applications and asking for more info.
Patrik
On Thu, Dec 18, 2014 at 3:29 PM, Phil Wolff <pwolff(a)gmail.com
<mailto:pwolff@gmail.com>> wrote:
Is there a friendly 501c3 org that would let us operate under
their tax exempt status until we're incorporated and IRS-blessed?
Six months to a year?
I've seen this done properly elsewhere when new projects were
starting and were part of an ecosystem of more established orgs.
The umbrella org has the CPA and bank account for collecting grant
money and other donations. The "client" organization paid a tiny
fee to the parent for processing. The new org would describe
themselves as "New Org, a project of Old Org, a 501(c)3
not-for-profit."
Phil Wolff
pwolff(a)gmail.com
skype:evanwolf
+1-510-343-5664 <tel:%2B1-510-343-5664>
http://about.me/evanwolf bio
http://twitter.com/evanwolf @
http://www.linkedin.com/in/philwolff cv
http://LetMyDataGo.org blog
http://www.facebook.com/philwolff face
On Wed, Dec 17, 2014 at 6:00 PM, Maximilian Klein
<isalix(a)gmail.com <mailto:isalix@gmail.com>> wrote:
1) Do we even really need 501c3? 501c3 is a means to an end.
The benefit is that large institutions wont donate or grant to
us without it. The downside is that it will cost several
hundred dollars and is a PITA from a effort point of view.
Smaller institutions can donate to us and get their donations
tax exempted as long as they do, (and they can) argue that we
are in spirit a non-profit. So we should only get 501c3, if we
think other umbrellas aren't easier, and we see big donations
coming in later.
1a) we need to determine the probability of getting such a
donation from a large instituion in the next year
2) Incorporating. It's not enough to just file papers because
in a pinch if we do not act and do all our board meeting
officiating properly we could be dismissed as a farce of a
incorporation.
3) changing the articles of incorporation has to happen in
sacramento and is expensive and slow. it's easier to edit the
by laws if possible.
4) we need to make records whenever the board of directors
issues dirctives, however small.
5) if we ever became so attached to the omni that it would
break sudo spiritually or financially to move out then we need
to get a formal contract with omni.
6) the IRS is allergic to nonprofits that use certain words
like "tea party" and surprisingly "open source" because
they've been burned by those types before.
7) treasurer does not have heightened financially
responsibility than anyone else on the board.
Make a great day,
Max Klein ? http://notconfusing.com/
_______________________________________________
sudo-discuss mailing list
sudo-discuss(a)lists.sudoroom.org
<mailto:sudo-discuss@lists.sudoroom.org>
https://lists.sudoroom.org/listinfo/sudo-discuss
_______________________________________________
sudo-discuss mailing list
sudo-discuss(a)lists.sudoroom.org
<mailto:sudo-discuss@lists.sudoroom.org>
https://lists.sudoroom.org/listinfo/sudo-discuss
_______________________________________________
sudo-discuss mailing list
sudo-discuss(a)lists.sudoroom.org
https://lists.sudoroom.org/listinfo/sudo-discuss
3646
days inactive
3656
days old
3 comments
4 participants
participants (4)
-
April Glaser -
Maximilian Klein -
Patrik D'haeseleer -
Phil Wolff