[GeoStL] Re: $$$, 501(c)
- From: "Chris Binder" <cpbinder@xxxxxxxxxxx>
- To: <geocaching@xxxxxxxxxxxxx>
- Date: Mon, 12 Apr 2004 11:02:41 -0500
-
Another bonus...the ability to not have to pay sales tax.
~Chris
----- Original Message -----
From: "Mike Griffin" <griff@xxxxxxxxxxxx>
To: <geocaching@xxxxxxxxxxxxx>
Sent: Monday, April 12, 2004 10:24 AM
Subject: [GeoStL] Re: $$$, 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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