[GeoStL] Not-For-Profit
- From: Greg Ponder <thehairyhillbilly@xxxxxxxxx>
- To: slaga <geocaching@xxxxxxxxxxxxx>
- Date: Mon, 12 Apr 2004 13:24:22 -0700 (PDT)
Egads. Y'all have become a talkative tribe. Why can't you wait until after tax
season to talk such stuff as 501(c)(3)? If you want the absolute skinny, why
doncha check out the irs website. Here's a brochure:
http://www.irs.gov/pub/irs-pdf/p4220.pdf
Your main trick is to qualify with an "exempt purpose."
Your main costs will be upfront costs: incorporation and filing for exempt
status (with $150 fee, if I recall correctly), which the IRS must approve.
In general, if your revenues are less than $25,000 per year, you will not have
annual annual filing requirements or associated costs.
The Hairy Hillbilly
By the way...I want to volunteer for the salsa and suds sampling committee.
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