[sudo-discuss] [omni-discuss] Benefit Corporation?

[yar]

On Fri, Nov 6, 2015 at 9:00 PM, Torrie Fischer <tdfischer at hackerbots.net> wrote:
> Is not making money an implicit attribute of being a Non Profit or something?

Sort of. You can make money, but most of it has to be from charitable
donations. There's complicated math about exactly how much - at least
60%, but for large donations only the first $5k counts towards the
total, it's based on a 4-year average, etc etc etc. The more
non-charitable income you get, the more you have to worry about that
stuff, and there's incentive to structure as much income as you can as
"donations". The fundraising working group has been working for months
on this, and the plan is for many member collectives to become
fiscally sponsored by Omni, and all their members' payments to be
called donations instead of dues. Most events that we do in the
ballroom are educational, and collecting door money could fit into a
donations framework pretty easily.