Donations to a non-profit
Bear Shark, Mon Jan 29 2007, 04:11PMWas wondering if FSK405 is registered as a non profit or charity? If so could the document be posted as a sticky? It would be really great if I make a donation to this awesome group and in turn be able to file the donation with next year’s taxes.
If not, I'll donate anyway.
-Bear Shark
Re: Donations to a non-profit
Frog, Mon Jan 29 2007, 06:26PM
Great idea, but Ghozt would be the one to correctly answer this question.
Frog, Mon Jan 29 2007, 06:26PM
Great idea, but Ghozt would be the one to correctly answer this question.
Re: Donations to a non-profit
ghozt, Mon Jan 29 2007, 11:27PM
no, were not registered as a non profit, is that even possible for an online gameing clan?
ghozt, Mon Jan 29 2007, 11:27PM
no, were not registered as a non profit, is that even possible for an online gameing clan?
Re: Donations to a non-profit
Bear Shark, Thu Feb 01 2007, 12:39PM
I asked my accountant that question and here's what he said:
_____________________________________________________________________
As far as a nonprofit,
You would be taking a huge recordkeeping burden, plus there is a very long application to fill out. You also must have a legitimate charitable purpose.
_____________________________________________________________________
Oh Well, guess it was worth the question
-Bear Shark
Bear Shark, Thu Feb 01 2007, 12:39PM
ghozt
no, were not registered as a non profit, is that even possible for an online gameing clan?
I asked my accountant that question and here's what he said:
_____________________________________________________________________
As far as a nonprofit,
You would be taking a huge recordkeeping burden, plus there is a very long application to fill out. You also must have a legitimate charitable purpose.
_____________________________________________________________________
Oh Well, guess it was worth the question
-Bear Shark
Re: Donations to a non-profit
Frog, Thu Feb 01 2007, 10:02PM
I think its a great cause... F1
Frog, Thu Feb 01 2007, 10:02PM
I think its a great cause... F1
Re: Donations to a non-profit
a BigRubberCock, Fri Feb 02 2007, 03:35AM
I own a couple of Montessori schools, which qualify for 501B charity tax exemption status....and I'll tell you me you me you: the paperwork and taxes are a f*ing nightmare.
F2!!!
However...I think a 501A non-profit can get away with more since you aren't trying to avoid sales tax etc... Look into that.
a BigRubberCock, Fri Feb 02 2007, 03:35AM
I own a couple of Montessori schools, which qualify for 501B charity tax exemption status....and I'll tell you me you me you: the paperwork and taxes are a f*ing nightmare.
F2!!!
However...I think a 501A non-profit can get away with more since you aren't trying to avoid sales tax etc... Look into that.
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