[TriLUG] Upcoming vote on TriLUG non-profit status

Justis Peters jtrilug at indythinker.com
Sat Feb 5 13:30:54 EST 2011


On 01/31/2011 07:49 PM, Jeremy Portzer wrote:
> (* When I was on the SC, we were never in possession of any documents 
> stating that the TriLUG corporation actually had been granted 
> 501(c)(3) status, and hence we removed all references to that from the 
> web site. Incorporating with the intent of operating with this status 
> doesn't mean you actually have it!  I don't see any references to 
> non-profit status now either.  This didn't make a difference in terms 
> of actual tax filing requirements, since our income was low enough to 
> be exempt from corporate taxes anyway, but we didn't want to mislead 
> potential corporate donors.)
I'd like to add Jeremy's point here about "income was low enough to be 
exempt from corporate taxes" to the points that I previously made about 
the potential paperwork burden. Depending on where the income threshold 
is, this would simplify some of the options available to us.

This is another reason that we'll want the advice of a tax attorney 
and/or CPA before we move forward with a specific plan.

Kind regards,
Justis



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