[GeoStL] Re: $$$, 501(c)
- From: "Chris Binder" <cpbinder@xxxxxxxxxxx>
- To: <geocaching@xxxxxxxxxxxxx>
- Date: Mon, 12 Apr 2004 11:47:30 -0500
-
true...I just assumed those here would know that already...
~Chris
----- Original Message -----
From: "Jim Williams" <jwilliams2@xxxxxxxxxxxx>
To: <geocaching@xxxxxxxxxxxxx>
Sent: Monday, April 12, 2004 11:39 AM
Subject: [GeoStL] Re: $$$, 501(c)
> -
> That's only true if you carry a copy of the tax exempt letter with you at
> the time you make your purchase (or the company you are buying stuff from
> maintains a copy on file). Our Scout Troop is tax exempt, but it's a real
> pain to make sure everyone making purchases has an up to date copy of the
> tax letter, AND remembers to take it with them.
>
> Jim
>
> ----- Original Message -----
> From: "Chris Binder" <cpbinder@xxxxxxxxxxx>
> To: <geocaching@xxxxxxxxxxxxx>
> Sent: Monday, April 12, 2004 11:02 AM
> Subject: [GeoStL] Re: $$$, 501(c)
>
>
> > -
> > Another bonus...the ability to not have to pay sales tax.
> >
> > ~Chris
> >
> >
> > ----- Original Message -----
> > From: "Mike Griffin" <griff@xxxxxxxxxxxx>
> > To: <geocaching@xxxxxxxxxxxxx>
> > Sent: Monday, April 12, 2004 10:24 AM
> > Subject: [GeoStL] Re: $$$, 501(c)
> >
> >
> > > -
> > > The St. Louis Orienteering Club is a 501c and they never have 25000.00
> in
> > > the bank. It recommends not to apply if your organization is under the
> 25K
> > > annual donations, but I have read the entire paper of 501c filing and
I
> > > iknow many organizations that have done it for under 200.00.
> > >
> > > Mike
> > >
> > > ----- Original Message -----
> > > From: "Jim Williams" <jwilliams2@xxxxxxxxxxxx>
> > > To: <geocaching@xxxxxxxxxxxxx>
> > > Sent: Monday, April 12, 2004 10:10 AM
> > > Subject: [GeoStL] Re: $$$, 501(c)
> > >
> > >
> > > > -
> > > > My Jeep Club looked into 501(c) status too. I was not directly
> > involved,
> > > > but if I remember correctly, the accountant told them that unless
they
> > > keep
> > > > a balance over $25,000 then it's not really necessary. There were
> some
> > > > other issues too, but I can't remember them right now.
> > > >
> > > > Jim
> > > >
> > > > ----- Original Message -----
> > > > From: "merkin" <merkin@xxxxxxxxxxxxxx>
> > > > To: <geocaching@xxxxxxxxxxxxx>
> > > > Sent: Monday, April 12, 2004 9:44 AM
> > > > Subject: [GeoStL] $$$, 501(c)
> > > >
> > > >
> > > > > -
> > > > >
> > > > > A check for $75 is on the way.
> > > > >
> > > > > With 501(c) status, we'd be a legit non-profit group. My employer
> > would
> > > > match the donation, plus kick in a $500 check if I donated more than
> 50
> > > > hours of services (whether that be CITO, event organization, cooking
> at
> > a
> > > > picnic, working as the bookkeeper, setting out event caches, or
> teaching
> > a
> > > > Parks Dept. class). There are advantages to the non-profit
> > incorporation
> > > > process, but there are substantial hurdles to clear as well. I'm a
> > member
> > > > of an apologetics group as well - our activities consist of a
website
> > and
> > > > limited book publishing, but liability insurance takes 80% of our
> > > operating
> > > > budget. And the group NEVER goes hiking in the wilderness or
climbing
> > > rocks
> > > > or carrying snake sticks. In other words, if we had liability
> > insurance,
> > > it
> > > > would cost a fortune.
> > > > >
> > > > > merkin4
> > > > >
> > > > >
> > > > > _________________________________
> > > > > SISNA...more service, less money.
> > > > > http://www.sisna.com/exclusive/
> > > > >
> > > > >
> > > > >
> > > >
> > >
> >
>
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