[CLUE-Adm] [Fwd: Tax Status, parent organizations, and more]

[Grant Johnson]

So then the question becomes, is it worth the paperwork to be NFP?  Will we 
get more donations if we are?  What responsibilities does this put on us to 
do with the donations that we do get?  I know all we really get are door 
prizes and a meeting room.

I don't have any really good suggestions.  We should ask out lawyer and 
accountant friends what they see as the good and bad sides to this.


At 11:50 AM 03/21/2001 -0700, you wrote:
>Jeff,
>
>thought you might be interested in this.
>
>LynnReturn-Path: <lugs-owner+M20 at linuxusersgroups.org>
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>Date: Wed, 21 Mar 2001 12:38:43 -0600 (CST)
>From: Kara Pritchard <kara at luci.org>
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>Subject: Tax Status, parent organizations, and more
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>US LUGs,
>
>I've moved forward with forming a formal full 501c3 Non Profit charitable
>parent organization for LUGs. I need to know, before going forward with
>application fees, etc how many are interested, and what services they
>want.
>
>In short, the parent organization would accept children organizations who
>could then benefit from the charitable organization status. This means,
>you can accept donations from vendors or other sponsorships and they can
>receive deduction for the donation. This allows for larger contributions
>such as ongoing sponsorship of servers, meeting rooms, event cash
>sponsors, and more.
>
>There are some formal guidelines which have to be followed though, and as
>soon as I get all that legal infoz, I'll forward them. Essentially your
>group (which can be like what we're doing and having larger groups, such
>as SILUG for all the southern illinois groups, instead of each wee LUG
>doing their own) will need a board, will need to file annual taxes, and
>the whatnot. However, would reap benefits of being able to be an official
>NFP organization, participating in larger events, being recognized in your
>community, etc.
>
>So, what things does your LUG do, would like to do, or would like help
>with, that this parental organization could do? Some initial thoughts I
>have listed below. Not all are related specifically to the tax status, but
>do support it indirectly :
>
>* Accept formal sponsorships from companies
>* Organize fund raisers
>* Use an entity to pass sponsorships, speakers, etc through.
>* Speaker's Bureau
>*
>
>--
>Kara Pritchard                          Phone: 618-398-7360
>Author, RHCE Exam Cram
>Director of Exam Development            http://www.lpi.org/
>Site Manager                            http://www.LinuxUsersGroups.org/
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>
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